P2P lender Proplend wins FCA authorisation
Proplend announced that it has been granted full authorisation from the Financial Conduct Authority for peer to peer lending. Read more: www.finextra.com
More good news for lending as Upstart nabs $32.5m Series D
In the wake of Prosper’s $5bn loan financing deal, online lender Upstart has raised $32.5m in its Series D round. Read more: www.fintechroundup.com
LendUp lands $100m credit facility
Payday loan alternative startup, LendUp, announced this week it has received a $100m credit facility. Read more: www.finovate.com
loanDepot launches digital lending platform
loanDepot announced on Monday the launch of its proprietary digital lending platform, mello. Read more: www.crowdfundinsider.com
Amartha secures Series A to reach more unbanked
Indonesian peer-to-peer (P2P) lending marketplace for underbanked communities Amartha has closed its Series A round led by Mandiri Capital Indonesia. Read more: www.fintechroundup.com
How FinTechs are using AI to transform payday lending
Fintech startups are using artificial intelligence to make loans with rates as low as 6% and with default rates of 7% or less. Read more: www.americanbanker.com
Financial inclusion group Fincare lands $75m
There’s more investment going into Indian financial inclusion-focused lending platforms with Fincare picking up a $75m round. Read more: www.fintechroundup.com
Xero ties up with DBS, wants to help SMEs access capital
Xero announced today it has inked a strategic partnership with DBS Bank. Read more: www.e27.co
Crowdfunding portal launches new syndicate platform
Crowdfunding platform Equitise has launched a new “Syndicate” platform to connect Australian VC's and Angel Investors with retail investors. Read more: www.crowdfundinsider.com
SMEs’ self-service banking leads to downsize
DNB, is taking a new approach to its SME customers as small businesses turn to digital, self-service banking solutions. Read more: www.pymnts.com