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
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: www.bloomberg.com
A peer-to-peer lending platform for small business
Germany's Commerzbank has launched a peer-to-peer lending platform. Read more: www.dailymail.co.uk
LendingHome’s investor platform hits $100m invested
LendingHome announced that $100 million has now been invested on its platform for individual investors. Read more: www.lendinghome.com
Online lender Blackmoon partners with ID Finance
ID Finance has integrated with Blackmoon and is now executing investment transactions. Read more: www.crowdfundinsider.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
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
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: finovate.com
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: www.crowdfundinsider.com
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