PLATFORMS

EarlySalary.com, a Pune-based company, offers loans ranging from R10,000 to R1 lakh in 10 minute. Read more: www.financialexpress.com

LoanTap, a Mumbai-based online lender, has raised $3m in a Series A round. The capital comes from angel investors.

There’s change coming at the top of online lender Prosper Marketplace with CEO Aaron Vermut leaving the company at the end of the month. Read more: www.fintechroundup.com

Australian crowdfunding platform StartSomeGood has collaborated with non-profit social business Impact Seed. Read more: thetechportal.com

As positive as this partnership is, it won’t solve all of the challenges facing an alternative lender like SoFi to deliver sustainable funding for its loan portfolio. Read more: www.americanbanker.com

Relendex has reached a significant milestone with full authorisation from the Financial Conduct Authority. Read more: www.prnewswire.com

Credit line lender Float has raised $3m in what it’s calling an angel round from investors include Camp One Ventures, Funders Club and 500 Startups. Read more: www.fintechroundup.com

The Chinese online lending market has also earned a reputation for fraud as many platforms operate with little regulatory oversight. Read more: www.crowdfundinsider.com

Sageworks’ platform allows institutions to offer an online loan application, while lenders can streamline the application process by automated tools. Read more: www.pymnts.com

Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno. Read more: www.fintechroundup.com