A report in China News says there was a “surge in problematic peer to peer online lending” during 2015 and 2016. Read more: www.crowdfundinsider.com
Relendex has reached a significant milestone with full authorisation from the Financial Conduct Authority. Read more: www.prnewswire.com
German fintech company-builder FinLeap has picked up a €21m financing round from backers including HitFox, which launched the company back in December 2014.
Small business lending marketplace Bigstone has raised funds to offer an alternative to the big banks. Read more: www.afr.com
Since 2010, marketplace loan origination has doubled annually in the U.S. to $12bn in 2014, according to Morgan Stanley. Read more: www.forbes.com