FinTech solutions make small loans more affordable
Small business plays an important role in innovation and employment, so financial mechanisms that make it easier for small business to grow must be welcomed. Read more: www.sharecafe.com.au
Subprime lender Elevate lands $545m in credit from Victory Park
Subprime online lender Elevate has increased its credit facility with Victory Park Capital (VPC) by $100m to a total of $545m.
Dating services come between Sofi and bank licence
Social Finance is unlikely to seek a banking license because its involvement in unorthodox activities like dating services would make it hard to win approval from regulators. Read more: uk.reuters.com
India’s “MM” raises $15M to expand to new financial products
Fintech companies are beginning to make a significant impact to how people live in Asia. Mywish Marketplaces, one of the more mature startups in what is. Read more: techcrunch.com
New FinTech removes intermediaries and loan costs
Zidisha lets web users lend directly to individual borrowers in developing countries without any intermediary. Read more: www.ibtimes.co.uk
Crowdo gets licence for P2P lending and equity crowdfunding
Crowdohas received its CMS licence from the MAS for securities crowdfunding to deliver both peer-to-peer and equity crowdfunding. Read more: www.dealstreetasia.com
City regulator warns on peer-to-peer lending
FCA’s Andrew Bailey says hidden risks resemble some lending practices of Northern Rock. Read More: next.ft.com
Student loan company CommonBond lands $30m
Neuberger Berman’s private equity arm has led a $30m financing round in online student loan company CommonBond.
The firm joined existing investors August Capital, Tribeca...
Fujitsu partners Cloud Lending Solutions for FinTech
The cloud-based platform digitises origination, underwriting, servicing, and collections, creating a single system of record for lending and leasing operations. Read more: www.enterpriseinnovation.net
Why online lenders should become banks
Marketplace firms are lending much less than they did at the end of 2015. Read More: next.ft.com