ApplePie secures $16.5m Series B and $180m loan purchase deal
ApplePie Capital has raised $16.5m in a Series B round. The new funding coincides with the announcement of a $180m loan purchase agreement with TowerBrook Capital. Read more: www.fintechroundup.com
Crowdcube: first UK crowdfunding platform to raise £200m
On Monday, Crowdcube announced it was the first UK crowdfunding platform to raise £200m for more than 430 businesses. Read more: www.crowdfundinsider.com
Spotcap strikes deal and nabs €14m from Heatland Bank
Online small business lender Spotcap has inked a partnership with New Zealand’s Heartland bank and secured €14m in funding. Read more: www.fintechroundup.com
A first-time investor’s guide to equity crowdfunding
Many will get drawn into the tempestuous world of startup investing without a plan, If you’re new to startup investing here are a few things you should know before going in. Read more: www.venturebeat.com
OCBC guides FinTech companies in WM and loan services
OCBC will help pilot three FinTech solutions in the coming months for its wealth management and home loans services. Read more: www.straitstimes.com
Crowdfunded Pebble will sell to Fitbit for just $40m
Crowdfunded smartwatch maker Pebble is being acquired by fitness tracker Fitbit for as little as $40m. In total the company raised more than $43m through crowdfunding. Read more: www.fintechroundup.com
LendingClub slumps on credit deterioration, higher rates
LendingClub Corp., the arranger of online consumer loans, declined in New York trading after citing higher delinquencies by borrowers. Read more: www.bloomberg.com
Challenger bank Revolut & Lending Works to provide instant credit
Revolut is a digital only challenger bank that does far more than a traditional bank at a lower cost. Read more: crowdfundinsider.com
Lending Club’s terrible twos
Whatever Lending Club does, however, it will need to do it soon, as its share price continues to suffer. As the writing of this piece, it is a $5.56 per share — a far cry from the $15 it started at two years ago. Read more: www.pymnts.com
Damage from scandal continues to hit Lending Club
The San Francisco company reported a $32m loss during the fourth quarter, bringing its losses for the full year to $146m. Read more: www.americanbanker.com