Funding Circle has topped £2bn in lending
The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2bn mark. Read more: www.crowdfundinsider.com
FlexiLoans takes $15m for SMEs loans
Indian online lending platform FlexiLoans has raised $15m in a new round of funding from angel investors. Read more: www.fintechroundup.com
SoFi scoops up $500m to expand into Canada and Australia
Lending disruptor SoFi has landed $500m in a new haul of funding led by private equity investor Silver Lake. Softbank and GPI Capital also participated. Read more: www.fintechroundup.com
Finstar expands senior FinTech team with Timko hire
Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.v
UK banks now required to refer SMEs to alt-lenders
The U.K.’s bank referral scheme has officially kicked off. Read more: www.pymnts.com
FinTech lending platforms set for massive rise in revenue
FinTech platform revenues for unsecured consumer loans issued using machine learning technology are set to jump by a whopping 960% globally over the next six year. Read more: www.itwire.com
First Circle bags $1.3m to bring SME lending to South-East Asia
South-East Asian SME lender First Circle has raised $1.3m in a new round from Accion Venture Lab and Deep Blue Ventures. Read more: www.fintechroundup.com
Climb Credit tries to shake up American student loans
Climb Credit, with just two dozen employees, provides student loans, for programmes bringing returns higher than expected from universities. Read more: www.economist.com
UK SME lender Boost Capital secures £15m credit line
UK specialist business lender Boost Capital has secured a £15m credit line from US investment firm Atalaya Capital Management. Read more: www.fintechroundup.com
Ex-Lloyds CEO joins P2P lender board
Eric Daniels, the former chief executive officer of Lloyds Banking Group Plc during the 2008 global financial crash, has joined the board of Funding Circle Ltd. Read more: www.bloomberg.com