Thursday, December 3, 2020


Chinese P2P lender plans US IPO

A Shanghai-based company is banking on U.S. investors’ appetite for China’s fast-growing peer-to-peer lending industry. Read more:

Bank SME lending surges, alt-lenders flop

Marketplace lending platform Biz2Credit has published its latest small business lending index, and the numbers signal A rise in SME lending and some rough waters ahead for alternative finance. Read more:

Wonga hires new CFO to steer turnaround

UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation. 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:

Credit bureau, FinTech firm partner on product for mortgages

Experian has introduced software to speed up the processing and approval of consumer mortgage applications. Read more:

MortgageHippo bags $2.5m for white-labelled online platform

Mortgage tech provider to lenders MortgageHippo has secured $2.5m in a Seed round of funding. The investment comes from CMFG Ventures. Read more:

Regulatory focus is critical for P2P lending’s success in India

Reduced regulatory and legal uncertainty in the nascent stage of an industry’s development allows firms to fine-tune their business models. Read more:

FinTech startup scores first bank partnership with DBS

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

CreditEase rolls out SME FinTech platform in China

China-based lending platform CreditEase is expanding its financial services offering to provide supply chain financing and other services to small businesses in the nation. Read more:

EquiLend taps FinTech vet as first CIO

Ken DeGiglio, who led app development as a managing director at TD Ameritrade, will oversee efforts at the securities lending platform. Read more: