Friday, March 29, 2024

Bank of America now lending on Nav

Bank of America will now be providing SME loans and financing services through the Nav platform. Read more: www.pymnts.com

RBI to regulate peer-to-peer lending

The RBI has proposed that peer-to-peer lending platforms would be regulated as a separate category of NBFCs. Read more: www.thehindubusinessline.com

MPOWER Financing bags funding to expand LatAm reach

Emerging markets-focused student lender MPOWER Financing has landed fresh funding from Latin American VC firms VARIV Capital and Chilango Ventures. Read more: www.fintechroundup.com

LendingKart looks to future with $32m Series B investment

Bertelsmann India Investments has led a $32m Series B round in Indian lending platform Lendingkart Group.

These peer-to-peer platforms lent nearly £3bn

New figures out today showed that nearly £3bn was lent across the UK’s biggest peer-to-peer platforms last year. Read more: www.cityam.com

P2P lending: towards easy funding in India

The consultation paper on peer-to-peer (P2P) lending, released by the Reserve Bank of India (RBI) in late April, proposes a balanced approach. Read more: www.livemint.com

Smava scoops up $34m for online loans marketplace

Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital. Read more: www.fintechroundup.com

Pine Brook, 1/0 Capital among $30m Better Mortgage Series A backers

Online home financing startup Better Mortgage has picked up a $30m round of investment from backers including 1/0 Capital and Pine Brook Partners, it is understood.

EquiLend taps FinTech vet as first CIO

Ken DeGiglio, who led app development as a managing director at TD Ameritrade, will oversee efforts at the securities lending platform. Read more: blogs.wsj.com

Wonga hires new CFO to steer turnaround

UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation. Read more: www.fintechroundup.com

POPULAR ARTICLES