Thursday, December 3, 2020

iwoca scores £21m to lend to more European SMEs

SME lender iwoca has raised £21m in a Series C round led by Prime Ventures. Read more: www.fintechroundup.com

FinTech startup scores first bank partnership with DBS

Fintech startup led by two students score first bank partnership with DBS. Read more: sbr.com.sg

Seedrs sees £85m invested in record year

Equity crowdfunding platform Seedrs is reporting a record year for the company with more than £85m invested into 158 deals on the platform. Read more: www.fintechroundup.com

FlexiLoans takes $15m for SMEs loans

Indian online lending platform FlexiLoans has raised $15m in a new round of funding from angel investors. Read more: www.fintechroundup.com

How FinTechs are using AI to transform payday lending

Fintech startups are using artificial intelligence to make loans with rates as low as 6% and with default rates of 7% or less. Read more: www.americanbanker.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

Startup investment platform CircleUP looks for $100m

Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing. Read more: www.fintechroundup.com

Kaszek Ventures helps bring Brazil credit startup BankFacil financing to BRL25m

Brazilian online credit startup BankFacil has closed a new BRL15m ($4.3m) Series A financing round thanks to new capital from Kaszek Ventures and existing backers.

Smava scoops up $34m for online loans marketplace

Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital. Read more: www.fintechroundup.com

South Korean insurer buys 4.1% stake in Lending Club for $66m

South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. Read more: www.fintechroundup.com

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