Chinese P2P lender Ppdai.com 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: www.wsj.com
FirstP2P nabs $70m, shows Chinese emphasis for investors
FirstP2P, a Chinese online peer-to-peer (P2P) financing site, has raised a $70 million Series C round led by existing investor CCB International. Read more: www.fintechroundup.com
Alternative SME finance just might survive in 2017
Earlier this month, Biz2Credit released the findings of its most recent small business lending index. Read more: www.pymnts.com
Is auto lending headed down the same path as mortgage lending?
Cioffi sees lenders going down the scale as they mine subprime borrowers deeper and deeper. It’s more profitable when times are good and borrowers are paying, which attracts new entrants. Read more: www.lending-times.com
AlliedCrowds prepares for P2P platform AlliedExchange launch
This proposed platform will use P2P lending technology to present a range of sub-Saharan Africa loans to both retail and institutional investors. Read more: www.crowdfundinsider.com
Alternative lending predictions for 2017
Provided the regulator continues with approvals 2017 could well be the year alternative lending becomes normal. Read more: www.cityam.com
Vyze’s grip narrows gap between retailers and lenders
Credit is the lifeblood of many an economy and consumer, and it is also crucial for retailers. Read more: www.pymnts.com
Wall Street lobbyist to head online lending trade group
Nat Hoopes, executive director of the trade group comprising the biggest Wall Street banks’ chief executive officers, is making the jump to FinTech. Read more: www.bloomberg.com
Smava scoops up $34m for online loans marketplace
Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital. Read more: www.fintechroundup.com
Southeast Asia is the next E-Commerce wonderland
DHL works with many E-Commerce as well as brick-and-mortar companies to provide last-mile connectivity in Asia, apart from Europe and the Americas. Read more: www.e27.co