Tuesday, January 19, 2021

Millennials relying on apps and websites for loans

Many young salaried professionals and students are opting out from borrowing from friends and instead going for a new breed of fintech companies like CASHe. Read more: economictimes.indiatimes.com

LendingHome forms mortgage risk team, offers better protection

LendingHome, the largest mortgage marketplace lender, continues to instill investor confidence for investing in its high-quality, high-yield real estate assets. Read more: finance.yahoo.com

European alternative financing market grows 92% to $6bn

Banks and investors be wary! The European alternative financing market continues to grow according to a new report. Read more: www.fintechroundup

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

Online lender Spotcap launches in UK

Two years after its launch, online lender Spotcap is expanding into the UK market, providing flexible and accessible funding solutions to SMEs. Read more: www.finextra.com

Local alternative lending is enabling growth outside the city

The UK’s major banks are required to refer the businesses they turn down for a loan to an alternative provider, for example P2P platform, Folk2Folk. Read more: www.cityam.com

Indian altlending driven by Goldman and KKR

Foreign financiers that fall outside the traditional banking system are pushing the growth of nonbank lending in India. Read more: www.pymnts.com

These peer-to-peer platforms lent nearly £3bn

New figures out today showed that nearly £3bn was lent across the UK’s biggest peer-to-peer platforms last year. Read more: www.cityam.com

A marketplace lender for real estate’s weekend warriors

Zeus Mortgage has rolled out an online real estate financing platform that seeks to match investors with property holders who need funding renovations. Read more: www.americanbanker.com

Xero ties up with DBS, wants to help SMEs access capital

Xero announced today it has inked a strategic partnership with DBS Bank. Read more: www.e27.co