Carro parks $12m to pump into FinTech arm
Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed. Read more: www.fintechroundup.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
Işbank brings end to end digital e-mortgage
Having developed many products and services that served as milestones for the Turkish banking sector, İşbank continues its innovation. Read more: www.finextra.com
Kabbage looks to raise money for acquisitions
Small U.S. business online lender Kabbage Inc is in talks to raise a new round of equity funding that could be used for potential acquisitions. Read more: www.reuters.com
Startup investment platform CircleUP looks for $100m
Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing. Read more: www.fintechroundup.com
Vyze’s grip narrows gap between retailers and lenders
Credit is the lifeblood of many an economy and consumer, and it is also crucial for retailers. Read more: www.pymnts.com
Alterna Bank launches Canada’s digital mortgage
Ontario-based Alterna Bank says it has launched “Canada’s first and only digital mortgage." Read more: www.bankingtech.com
Credit bureau, FinTech firm partner on product for mortgages
Experian has introduced software to speed up the processing and approval of consumer mortgage applications. Read more: www.americanbanker.com
Credy looks to digitize personal lending in India
Lending platform Credy is looking to change the way people gain access to personal loans in India. Read more: www.techcrunch.com
Farm financing platform ProducePay picks up $77m
Farming-focused lender ProducePay has secured $77m in equity and debt funding to provide cash-flow solutions to farmers of perishable goods. Read more: www.fintechroundup.com