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: startups.co.uk
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: www.fintechroundup.com
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: www.bloomberg.com
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
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: www.fintechroundup.com
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: finance.yahoo.com
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: www.thetechportal.com
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: www.pehub.com
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.