Thursday, December 1, 2022

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

Sageworks offers lenders a door to SMEs

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

P2P lending, a new form of financial inclusion

P2P lending offers many advantages, like its flexibility, which allows it to channel capital to virtually anyone, in any amount, effectively, at low interest rates. read more: www.thejakartapost.com

Small business loan platform Lendified secures $20m

Lendified, which provides loans specifically for small businesses, has announced that Liquid Capital will provide the senior debt for a new credit facility up. Read more: betakit.com

Chinese regulators crack down on peer-to-peer lending

Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations in response to scandals and the shut down of fraudulent companies in the space.

Point-of-sale mortgage startup cloudvirga nabs $15m

Point-of-sale mortgage company cloudvirga has raised $15m in a Series B round. The funding for the Irvine, California-based startup comes Incenter. Read more: www.fintechroundup.com

SocietyOne ropes in Beyond Bank for $1.5m investment

Australian peer-to-peer lending platform SocietyOne is partnering with Beyond Bank Australia. Read more: fintechroundup.com

Funding Circle has topped £2bn in lending

The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2bn mark. Read more: www.crowdfundinsider.com

After a tough year for lending Prosper signs $5bn deal

Peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans. Read more: www.fintechroundup.com

Chinese authorities raid peer-to-peer lender’s offices

The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group. Read more: www.fintechroundup.com

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