Friday, August 14, 2020

UK SME lender Boost Capital secures £15m credit line

UK specialist business lender Boost Capital has secured a £15m credit line from US investment firm Atalaya Capital Management. Read more: www.fintechroundup.com

Crowdfunding in the Netherlands grows by 33%

In 2016 a total of €170 million was raised through crowdfunding in the Netherlands. This sets a new all-time high for the crowdfunding market. Read more: www.crowdfundinsider.com

Australian property lending platform LendEx appoints board

LendEx, a leading Australian peer-to-peer lending platform for direct commercial property lending, has appointed two new prominent board members. Read more: www.crowdfundinsider.com

FinTech companies cash in on retail lending boom

Supported by a 12% YOY growth in banks personal loans, cos like Rubique, CoinTribe, Paisabazaar and BankBazaar have grown their businesses. Read more: economictimes.indiatimes.com

Emerada lands $1.8m to launch SME funding platforms

Japanese FinTech startup Emerada has secured ¥200m ($1.8m) in a Seed round led by D4V. Two unnamed major financial institutions also participated. Read more: www.fintechroundup.com

Payday loan firm Wonga suffers data breach

Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the UK. A further 25,000 customers in Poland may also be affected. Read more: techcrunch.com

Former Lending Club CEO launches rival platform with $60m

Former Lending Club CEO Renaud Laplanche is launching a new consumer lending startup Upgrade with $60m in funding. Read more: www.fintechroundup.com

LendingHome’s investor platform hits $100m invested

LendingHome announced that $100 million has now been invested on its platform for individual investors. Read more: www.lendinghome.com

The OCC FinTech charter is a key first step

The technology transforming the financial sector is creating a historic opportunity to make financial services better and more accessible for all Americans. Read more: www.crowdfundinsider.com

FICO offers banks faster SME loan decisioning

FICO rolls out a new solution to help banks and credit unions automate the SME loan approval process. Read more: www.pymnts.com

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