Thursday, December 3, 2020

Critics point to flaws in China’s SME loan rules

China has initiated efforts to boost lending to small businesses, but some critics now say the rules imposed on banks to heighten their SME lending levels may be too rigid. Read more: www.pymnts.com

Flender secures £500,000 on Seedrs

Social peer-to-peer (P2P) lending platform Flender has secured more than £500,000 in a equity crowdfunding campaign on Seedrs. Read more: www.fintechroundup.com

China reports almost 500,0000 cases of P2P lending problems

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

LendUp lands $100m credit facility

Payday loan alternative startup, LendUp, announced this week it has received a $100m credit facility. Read more: www.finovate.com

Relendex reaches milestone with full FCA authorisation

Relendex has reached a significant milestone with full authorisation from the Financial Conduct Authority. Read more: www.prnewswire.com

Regulation crowdfunding: What We See Day to Day

The new avenues of fundraising enabled by The JOBS Act will forever change the landscape of small business capital formation. Read more: www.crowdfundinsider.com

Amazon Kickstarter knockoff reimagined

In 2015, a group of Amazon employees kicked around ideas for a Kickstarter-like crowdfunding site. Read more: uk.businessinsider.com

HitFox-backed FinTech builder FinLeap scores €21m financing round

German fintech company-builder FinLeap has picked up a €21m financing round from backers including HitFox, which launched the company back in December 2014.

FinTech B2B lending marketplace Bigstone raises $3m

Small business lending marketplace Bigstone has raised funds to offer an alternative to the big banks. Read more: www.afr.com

International Growth Is The Next Frontier for FinTech

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

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