Tuesday, January 19, 2021
MARKETPLACE LENDING

MARKETPLACE LENDING

This was the year alternative investments went mainstream

Pensions are still one of the most tax-efficient investments out there. But they’re no longer as efficient as they used to be. Read more: www.cityam.com

Climb Credit tries to shake up American student loans

Climb Credit, with just two dozen employees, provides student loans, for programmes bringing returns higher than expected from universities. Read more: www.economist.com

BlueVine snags $75m credit line from Fortress Credit

Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit. Read more: www.fintechroundup.com

iWoca looks to grow SME alt lending access

Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital. Read more: www.pymnts.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.

FinTech startup hires from Infosys, Edelweiss

EarlySalary.com, a Pune-based company, offers loans ranging from R10,000 to R1 lakh in 10 minute. Read more: www.financialexpress.com

Chinese authorities raid peer-to-peer lender’s offices

The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group. Read more: www.fintechroundup.com

Goldman launches new online lending business

Goldman Sachs Group Inc (GS.N) has launched a new online lending business that targets borrowers saddled with credit card debt, the bank said on Thursday. Read more: Read more: www.reuters.com

Local alternative lending is enabling growth outside the city

The UK’s major banks are required to refer the businesses they turn down for a loan to an alternative provider, for example P2P platform, Folk2Folk. Read more: www.cityam.com

4thWay predicts a 50% growth in the UK P2P lending market

According to 4thWay's numbers, UK market lending will deliver another “record year”, with a total of £3.02 billion facilitated via 35 various platforms. Read more: www.crowdfundinsider.com

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