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