Thursday, March 28, 2024

Why online lenders should become banks

Marketplace firms are lending much less than they did at the end of 2015. Read More: next.ft.com

loanDepot launches digital lending platform

loanDepot announced on Monday the launch of its proprietary digital lending platform, mello. Read more: www.crowdfundinsider.com

Citizen Bank partners with Fundation to offer SME loans

Citizens Bank will introduce digital lending to SME customers through a partnership with Fundation. Read more: www.fintechroundup.com

A look at the state of Chinese P2P lending industry

China's P2P lending industry has been dogged by controversy, but companies manage to raise huge rounds. Read more: www.e27.co

Lendio picks up $20m round after lending grows 93%

Small business lending marketplace Lendio has raised $20m in a Series D round led by Comcast Ventures and Stereo Capital. The funding brings Utah-based company's total funding to $51m. Read more: www.fintechroundup.com

Unilend swipes €2.5m for crowdlending platform

French crowdlending platform for SMEs Unilend has raised a €2.5m ($2.8m) in a new round of funding. The capital comes from NewAlpha Asset Management. Read more: www.fintechroundup.com

Camino grabs $2m for Hispanic-owned business lending

Online credit marketplace Camino has raised $2m in a new round of venture funding.

FinTech startup lands $3m to automate payments

Paying Loans Sucks - FinTech Startup EarnUp Lands $3 Million To Intelligently Automate Payments. Read more: www.prnewswire.com

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: www.americanbanker.com

FinTech companies cash in on retail lending boom

Supported by a 12% YOY growth in banks personal loans, cos like Rubique, CoinTribe, Paisabazaar and BankBazaar have grown their businesses. Read more: economictimes.indiatimes.com

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