Small business loan platform Lendified secures $20m
Lendified, which provides loans specifically for small businesses, has announced that Liquid Capital will provide the senior debt for a new credit facility up. Read more: betakit.com
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
Camino grabs $2m for Hispanic-owned business lending
Online credit marketplace Camino has raised $2m in a new round of venture funding.
SocietyOne has facilitated $38m in personal loans in 2016
Australian P2P lender SocietyOne’s new CEO Jason Yetton disclosed some growth figures this week. Read more: finovate.com
Goldman signs $100m credit facility for lender Fundation
Fundation, which makes online business loans, this week completed a $100m credit facility with Goldman Sachs to expand its recent partnerships. Read more: www.wsj.com
Chinese regulators crack down on peer-to-peer lending
Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations in response to scandals and the shut down of fraudulent companies in the space.
Lending Club snaps up Wall Street execs to win investor confidence
Peer-to-peer lending firm Lending Club is bringing new senior staff on board in an attempt to once again win favour with investment banks.
China’s strict rules for P2P lenders hit Yirendai’s stock
China’s P2P lending market is finally getting a little oversight, but Yirendai’s investors aren’t sanguine about it. Read more: www.techinasia.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
Wall Street lobbyist to head online lending trade group
Nat Hoopes, executive director of the trade group comprising the biggest Wall Street banks’ chief executive officers, is making the jump to FinTech. Read more: www.bloomberg.com