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