Tala scores $30m for emerging market financial services
Credit scoring and lending startup Tala has picked up more than $30m in a Series B round led by Institutional Venture Partners (IVP). Read more: www.fintechroundup.com
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
Has the P2P halo slipped?
For the past few years it has seemed like P2P lenders could do no wrong. Read more: www.cityam.com
Bitbond scoops up $1.2m for bitcoin-based lending
Peer-to-peer bitcoin lender for SEMs Bitbond has raised $1.2m in new funding. Read more: www.fintechroundup.com
Creditas lands $19m to cut Brazilian lending rates
Brazilian lender Creditas Soluções Financeiras has picked up $19m in a Series B round to cut its interest rates. Read more: www.fintechroundup.com
High rate of defaults hit P2P lending sector
Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups. Read more: www.finextra.com
Landbay launches property-backed ISA
UK peer-to-peer lending platform, Landbay, has officially launched its property-backed ISA investment. Read more: www.crowdfundinsider.com
SoFi looks for $500m to expand lending services
SoFi is nearing an agreement to raise as much as $500m in a new venture capital funding round. That tally is likely to be led by Silver Lake Partner. Read more: www.pymnts.com
Crooks, like borrowers, flock to online lenders
Speed and ease of use have made online lenders increasingly popular with consumers, but those same qualities have put them in fraudsters’ cross hairs. Read more: www.americanbanker.com
Online lender Bond Street secures $300m loan commitment
Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300m of its small-business loans. Read more: www.americanbanker.com