Financeit Recruits CFO from Capital One Canada
Point of sale customer financing solution Financeit expanded its team this week. They brought on Ian Hanning from Capital One Canada as its new CFO. Read more: finovate.com
Will P2P lending disrupt the banks?
In a P2P transaction, money flows from lenders directly to borrowers through the platform, bypassing the traditional banking channel. Read more: www.blogs.cfainstitute.org
WeLab lands $25m credit facility for online loans
WeLab, a Hong Kong-based operator of online lending platforms, is proving investors still see big potential in the space, landing a $25m credit facility note. Read more: www.fintechroundup
FinTech startup Moula embarks on major growth plans
Renowned tech entrepreneur Chris Ridd has joined the board of Melbourne-based lending platform Moula to help it transition from a startup into a major company. Read more: www.smartcompany.com.au
Bitauto takes $1bn from investors for Chinese auto-financing
Chinese auto financing platform Bitauto has secured $1bn in its latest funding round from a consortium of heavyweight Chinese internet firms. Read more: www.fintechroundup.com
Carro parks $12m to pump into FinTech arm
Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed. Read more: www.fintechroundup.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
Barclays signs contracts with six accelerator graduates
Barclays Bank has signed contracts with six fintech startups participating in its accelerator programme in New York. Read more: www.finextra.com
US consumers defaulting on loans made online
Online loans have shown signs of weakening with two of Avant’s securities breached triggers this month for the first time. Read more: www.bloomberg.com
Chinese peer-to-peer ‘basically’ a scam, says billionaire Guo
Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam”. Read more: www.bloomberg.com