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
Equity crowdfunding reinventing biotech
Building any company is hard, but building a biotech company is particularly hard. Read more: venturebeat.com
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...
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.
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: www.fintechroundup.com
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: www.bloomberg.com
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: www.pymnts.com
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: uk.businessinsider.com
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: www.fintechroundup.com
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: www.mobilepaymentstoday.com