Yongqianbao nabs $67m for micro lending app
Beijing-based mobile lending app Yongqianbao has picked up $67m in a funding round. The round was led by Golden Brick Capital Management. Read more: www.fintechroundup.com
LendingTree launches student loan comparison tool
The comparison tool enables students to compare their student loans to see if they can save money by refinancing. Read more: finovate.com
iWoca looks to grow SME alt lending access
Alternative lending was supposed to be the way SMEs broke through banking barriers to gain access to capital. Read more: www.pymnts.com
Rocket Mortgage provides quick takeoff for customers
Quicken Loans has done a great job positioning itself as both quick, and easy, in the mortgage market. Read more: finovate.com
Tech will lead to new sub-prime crunch
In October 2016, two leading P2P platforms in the U.S. -- Lending Club and Prosper -- announced a new increase in interest rates for lower-grade loans. Read more: techcrunch.com
Swiss SME lender Tradeplus24 secures $100m credit facility
Swiss SME lender Tradeplus24 has secured a $101m credit facility from boutique investment house Oceano One. Read more: www.fintechroundup.com
A FinTech startup risks quick loans to salaried folks
You aren't eligible for a bank loan unless your employer is among the 3.3% of the companies vetted by Indian banks. Read more: www.techinasia.com
Relendex reaches milestone with full FCA authorisation
Relendex has reached a significant milestone with full authorisation from the Financial Conduct Authority. Read more: www.prnewswire.com
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
Riga-based lender Creamfinance lands €21m
Riga, Latvia-based consumer lending startup Creamfinance has raised €21m in new funding. The Series B round comes from Capitec Bank. Read more: www.fintechroundup.com