Thursday, December 3, 2020

Pine Brook, 1/0 Capital among $30m Better Mortgage Series A backers

Online home financing startup Better Mortgage has picked up a $30m round of investment from backers including 1/0 Capital and Pine Brook Partners, it is understood.

Lending and credit health startup CreditMantri scoops up $7.6m

Indian digital lending and financial wellness startup CreditMantri has raised $7.6m in a Series B round led by Quona Capital. Read more: www.fintechroundup.com

Kubo.finance takes $7.5m for Mexican peer-to-peer loans

Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.

Sunlight Financial scores $130m for solar financing

Sunlight Financial has raised $130m for its residential solar systems financing platform. The investment comes from Tandem and Moven backer Route 66. Read more: www.fintechroundup.com

P2P lender Proplend wins FCA authorisation

Proplend announced that it has been granted full authorisation from the Financial Conduct Authority for peer to peer lending. Read more: www.finextra.com

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: blogs.wsj.com

HDFC Bank launches digital banking services for SME clients

The digital facility will do away with the need to call on a relationship manager or visit a branch, to transact or to get clearances. Read more: forbesindia.com

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: www.fintechroundup.com

India’s FinTech startups target subprime customers

There’s stress on Indian public sector banks due to mounting bad debt, and that has resulted in cautious lending. Read more: www.techinasia.com

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: blogs.economictimes.indiatimes.com

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