Tuesday, January 19, 2021
MARKETPLACE LENDING

MARKETPLACE LENDING

Float grabs $3m for millennial credit lending

Credit line lender Float has raised $3m in what it’s calling an angel round from investors include Camp One Ventures, Funders Club and 500 Startups. Read more: www.fintechroundup.com

SMEs’ self-service banking leads to downsize

DNB, is taking a new approach to its SME customers as small businesses turn to digital, self-service banking solutions. Read more: www.pymnts.com

UK SME lender Fleximize lands £16.3m

SME lender Fleximize has secured a £16.3m financing facility from specialist investment fund Hadrian’s Wall Secured Investments. Read more: www.fintechroundup.com

City regulator warns on peer-to-peer lending

FCA’s Andrew Bailey says hidden risks resemble some lending practices of Northern Rock. Read More: next.ft.com

Online lending’s ugly quarter stretched beyond Lending Club

Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more: www.bloomberg.com

The rise of peer-to-peer (P2P) lending

The wave of disruptions in the financial sector gained strength after the global financial crisis of 2008-09. Read more: www.nasdaq.com

UK banks now required to refer SMEs to alt-lenders

The U.K.’s bank referral scheme has officially kicked off. Read more: www.pymnts.com

What alt-lending slump?

This week in B2B venture funding activity, we see the trend change as an alternative lender from the U.S. secured the largest investment round of the week. Is this a fluke, or are things beginning to change? Read more: www.pymnts.com

Should online lenders consider direct mail marketing?

While using the internet with online advertisement and social media is an applicable marketing strategy for many industries, it is not true in the lending space. Read more: www.lending-times.com

Creditas lands $19m to cut Brazilian lending rates

Brazilian lender Creditas Soluções Financeiras has picked up $19m in a Series B round to cut its interest rates. Read more: www.fintechroundup.com

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