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, with just two dozen employees, provides student loans, for programmes bringing returns higher than expected from universities. Read more: www.economist.com
Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit. Read more: www.fintechroundup.com
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.
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
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
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