Wednesday, January 27, 2021

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:

Equity crowdfunding reinventing biotech

Building any company is hard, but building a biotech company is particularly hard. Read more:

Student loan company CommonBond lands $30m

Neuberger Berman’s private equity arm has led a $30m financing round in online student loan company CommonBond. The firm joined existing investors August Capital, Tribeca... pulls in $12m for peer-to-peer lending, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.

SoFi looks to raised $500m in new funding

Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports. Read more:

Lending Club probe said to review buyback as Laplanche faced loss

Wall Street’s top cop is scrutinising whether the founder of Lending Club advocated for the company to prop up its shares without telling the board about a possible conflict of interest. Read more:

Microsoft Azure now hosting SME alt-lender

Folk2Folk announced Tuesday that it has gone live on Microsoft Azure cloud after being hosted on Rackspace. Read more:

Watchdog plans tougher rules for UK P2P lenders

Britain's finance watchdog is proposing tougher rules on disclosure and transparency for peer-to-peer lending platforms, after a 6-month review into the growing industry. Read more:

Kapilendo pockets €7m for crowdfunding platform

German crowdfunding platform Kapilendo has raised €7m in a Series B round of funding led by a pension fund. Read more:

Mobile-only banking startup adds consumer lending capabilities

Varo Money, a mobile-only banking startup, has announced the launch of consumer lending via its mobile app, according to a press release. Read more: