Protecting SME privacy as credit assessments grow complex
Borrowers may want the innovation, technology and speed of an alternative lending platform but will demand the trust of a big, familiar name in banking. Read more: www.pymnts.com
Southeast Asia is the next E-Commerce wonderland
DHL works with many E-Commerce as well as brick-and-mortar companies to provide last-mile connectivity in Asia, apart from Europe and the Americas. Read more: www.e27.co
Clara nabs $27m in VC funding for mortgage lending platform
California-based FinTech startup Clara has raised $27m in a second round of financing led by Redpoint Ventures and Venrock. Read more: www.altassets.net
P2P lender Flender picks Equifax to underwrite SME loans
Peer-to-peer lender Flender has selected Equifax Limited to support the underwriting for UK small and medium enterprises (SME) loans. Read more: www.crowdfundinsider.com
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.
After a tough year for lending Prosper signs $5bn deal
Peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans. Read more: www.fintechroundup.com
Damage from scandal continues to hit Lending Club
The San Francisco company reported a $32m loss during the fourth quarter, bringing its losses for the full year to $146m. 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
Online lending’s ugly quarter stretched beyond Lending Club
Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more: www.bloomberg.com
Lendio see 86% growth in loans, passes $250m milestone
Online loans marketplace Lendio is reporting strong growth for Q2 2016, with the value of loans facilitated through the platform increasing by 86% year on year.