Saturday, April 1, 2023

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:

Online lending’s ugly quarter stretched beyond Lending Club

Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more:

A peer-to-peer lending platform for small business

Germany's Commerzbank has launched a peer-to-peer lending platform. Read more:

LendingHome’s investor platform hits $100m invested

LendingHome announced that $100 million has now been invested on its platform for individual investors. Read more:

Online lender Blackmoon partners with ID Finance

ID Finance has integrated with Blackmoon and is now executing investment transactions. Read more:

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:

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:

Financeit Recruits CFO from Capital One Canada

Point of sale customer financing solution Financeit expanded its team this week. They brought on Ian Hanning from Capital One Canada as its new CFO. Read more:

Barclays mobile banking app approves SME loans quickly

Barclays has unveiled a new mobile service for SMEs in the UK that provides almost instant loans. Read more:

Finstar expands senior FinTech team with Timko hire

Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.v