Tuesday, January 26, 2021

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