Friday, September 18, 2020

Crowdcube reveals 20% jump in investment since Brexit

Crowdcube has announced that it has seen a 20% increase in investment since the UK voted to leave the European Union. Read more:

Prospa raises largest ever Australian FinTech VC round

The Sydney-based company picked up A$25m ($19.18m) in a Series B round led by AirTree Ventures. Entrée Capital and Ironbridge Capital also participated. Read more:

Europe’s first ABS of P2P consumer loans nears sale

P2P Global Investments Plc and Zopa Ltd. are working on Europe’s first securitization of unsecured consumer loans originated online. Read more:

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:

FirstP2P nabs $70m, shows Chinese emphasis for investors

FirstP2P, a Chinese online peer-to-peer (P2P) financing site, has raised a $70 million Series C round led by existing investor CCB International. Read more:

Westoba Partners with Grow to pioneer online lending

Westoba Credit Union is pleased to announce a partnership with Vancouver-based FinTech company Grow in order to offer online consumer loans. Read more:

Lending Club’s losses grow as CFO resigns

Following the ousting of its former CEO Renaud Laplanche, peer-to-peer marketplace Lending Club continues to struggle, posting widening year-on-year losses for Q2 2016.

GoFundMe has acquired CrowdRise, may extend to charities

GoFundMe may take a leaf out of its book and expand to introduce funding for charities and non-profit organizations to its platform. Read more:

OurCrowd rakes in $72m for equity crowdfunding

Equity crowdfunding firm OurCrowd has raised $72m in Series C funding. The round’s investors are undisclosed. Read more:

Australian SME fintech financer Waddle secures $30m debt funding

Sydney-based fintech business Waddle has secured funding for $30m in loan volume over the next 12 months from an unnamed Australian private investor.