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.
FinTech B2B lending marketplace Bigstone raises $3m
Small business lending marketplace Bigstone has raised funds to offer an alternative to the big banks. Read more: www.afr.com
Prosper in talks to sell $5bn worth of loans
Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.
Kubo.finance takes $7.5m for Mexican peer-to-peer loans
Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.
Lending Club’s losses grow as CFO resigns
Following the ousting of its former CEO Renaud Laplanche, peer-to-peer marketplace Lending Club continues to struggle, posting widening year-on-year losses for Q2 2016.
Finova Financial secures record-breaking $52.5m FinTech funding
Finova Financials industry-first, cloud and mobile-based consumer auto title lending platform has raised $52.5m in a combination of equity and credit facility. Read more: www.finextra.com
LendingHome forms mortgage risk team, offers better protection
LendingHome, the largest mortgage marketplace lender, continues to instill investor confidence for investing in its high-quality, high-yield real estate assets. Read more: finance.yahoo.com
FinTech startup hires from Infosys, Edelweiss
EarlySalary.com, a Pune-based company, offers loans ranging from R10,000 to R1 lakh in 10 minute. Read more: www.financialexpress.com
Finova Financial to launch first all-digital lending platform
Finova launches FinTech's first all-digital lending platform that will transform the auto title loan marketplace with up to 70% lower consumer costs. Read more: cointelegraph.com
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.