Friday, September 18, 2020

SoFi looks to raised $500m in new funding

Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports. Read more:

Lending Club probe said to review buyback as Laplanche faced loss

Wall Street’s top cop is scrutinising whether the founder of Lending Club advocated for the company to prop up its shares without telling the board about a possible conflict of interest. Read more:

Microsoft Azure now hosting SME alt-lender

Folk2Folk announced Tuesday that it has gone live on Microsoft Azure cloud after being hosted on Rackspace. Read more:

Watchdog plans tougher rules for UK P2P lenders

Britain's finance watchdog is proposing tougher rules on disclosure and transparency for peer-to-peer lending platforms, after a 6-month review into the growing industry. Read more:

Kapilendo pockets €7m for crowdfunding platform

German crowdfunding platform Kapilendo has raised €7m in a Series B round of funding led by a pension fund. Read more:

Mobile-only banking startup adds consumer lending capabilities

Varo Money, a mobile-only banking startup, has announced the launch of consumer lending via its mobile app, according to a press release. Read more:

ID Finance pockets $50m to expand into Latin America

Emerging markets-focused credit scoring and lending startup ID Finance is has raised $50m in debt funding to expand across Latin America. Read more:

A look at the state of Chinese P2P lending industry

China's P2P lending industry has been dogged by controversy, but companies manage to raise huge rounds. Read more: pockets $12m to change student loans

College financing app has scored $12m in Series A funding to offer micro-scholarships. Redpoint Ventures led the round. Read more:

Fintech Startup LoanAdda ties up with Real Estate giant Unity Group

LoanAdda hopes to become a syndicate for the capital's biggest residential project Amaryllis, located in central Delhi, , real estate, property sector, startups. Read more: