Protecting SME privacy as credit assessments grow complex
Borrowers may want the innovation, technology and speed of an alternative lending platform but will demand the trust of a big, familiar name in banking. Read more: www.pymnts.com
LendingCrowd celebrates full FCA authorisation
LendingCrowd is the UK’s second P2P platform and first P2P lender to SMEs to move from interim to full authorisation status. Read more: www.finextra.com
Loan Frame picks up $2.25m for SME lending
SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital. Read more: www.fintechroundup.com
Equity crowdfunding campaigns raise more than $575,000
Indiegogo announced the campaigns using the new funding outlet have successfully secured more than $575,0000 in equity funds in just on month. Read more: www.crowdfundinsider.com
GoFundMe passes $3bn milestone in crowd donations
Charitable crowdfunding platform GoFundMe is experiencing rapid growth and announcing that the total raised through the platform now exceeds $3bn. Read more: www.fintechroundup.com
German investment crowdfunding grew 39% in 2016
Investment crowdfunding grew by 39% during 2016 reaching €63.8m. Still quite small in comparison to some other countries but solid growth none-the-less. Read more: www.crowdfundinsider.com
PaidUp helps Philippine SMEs crowdfund working capital
PaidUp also turns your phone into a prepaid digital wallet, enabling you to find, order and instantly pay for food, drinks and services. Read more: www.e27.co
Funding Circle grabs $100m as its UK business hits profitability
Peer-to-peer (P2P) lending platform Funding Circle has raised $100m in a Series F round led by Accel Partners. Read more: www.fintechroundup.com
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
Crooks, like borrowers, flock to online lenders
Speed and ease of use have made online lenders increasingly popular with consumers, but those same qualities have put them in fraudsters’ cross hairs. Read more: www.americanbanker.com