South Korean insurer buys 4.1% stake in Lending Club for $66m
South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. Read more: www.fintechroundup.com
Misys prepares for alt-lending’s collapse
Banking software provider Misys wants to offer their customers a P2P loan, a solution that nixes any need for banks to partner with or acquire an alternative lender. Read more: www.pymnts.com
SoFi targets mortgage lending in Australia
SoFi, is preparing to launch in Australia to offer mortgages in direct competition with the banks. Read more: www.afr.com
What alt-lending slump?
This week in B2B venture funding activity, we see the trend change as an alternative lender from the U.S. secured the largest investment round of the week. Is this a fluke, or are things beginning to change? Read more: www.pymnts.com
FinTech firms are a blessing for small entrepreneurs
Powered by technologies that harness big data, fintech companies are positioning themselves as viable lenders and payment solutions providers with mobile wallets and insta-loans. Read more: forbesindia.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
WeLab lands $25m credit facility for online loans
WeLab, a Hong Kong-based operator of online lending platforms, is proving investors still see big potential in the space, landing a $25m credit facility note. Read more: www.fintechroundup
Venture capital giant KPCB among latest Better Mortgage funding round backers
Tech-driven mortgage bank Better Mortgage has picked up a $15m Series B financing round from Kleiner Perkins Caufield & Byers, Goldman Sachs and Pine Brook. Read more: www.fintechroundup.com
Zopa CEO Jaidev Janardana on partnerships and banking
As online lending experienced a challenging year in 2016, Crowdfund insider decided to Interview Zopa's CEO Jaidev Janardana, since they are the UK’s largest and oldest peer-to-peer lender, their voice is one that holds great weight for industry participants. Read more: www.crowdfundinsider.com
FinTech companies cash in on retail lending boom
Supported by a 12% YOY growth in banks personal loans, cos like Rubique, CoinTribe, Paisabazaar and BankBazaar have grown their businesses. Read more: economictimes.indiatimes.com