Friday, January 27, 2023
MARKETPLACE LENDING

MARKETPLACE LENDING

FinTech firms are a blessing for small entrepreneurs

Powered by technologies that harness big data, fintech companies are positioning themselves as viable lenders and payment solutions providers with mobile wallets and insta-loans. Read more: forbesindia.com

Millennials relying on apps and websites for loans

Many young salaried professionals and students are opting out from borrowing from friends and instead going for a new breed of fintech companies like CASHe. Read more: economictimes.indiatimes.com

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

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

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...

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

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

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

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

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

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