WINGS Foundation adds angel investor Chandler Guo to board
Chandler Guo is an angel investor and a well known adviser in bitcoin and Ethereum Classic startups. Read more: www.bitcoinist.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
A FinTech startup risks quick loans to salaried folks
You aren't eligible for a bank loan unless your employer is among the 3.3% of the companies vetted by Indian banks. Read more: www.techinasia.com
Peer-to-peer lenders ‘break advertising rules’, regulator warns
The Financial Conduct Authority has raised concerns about the advertising methods of some peer-to-peer companies. Read more: www.telegraph.co.uk
China’s CredEX FinTech lending app surges past $4.3bn mark
China-based CredEX Fintech says its mobile lending app’s total credit extended has exceeded CNY 30bn. Read more: www.bankingtech.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 probe said to review buyback as Laplanche faced loss
Wall Street’s top cop is scrutinising whether the founder of Lending Club advocated for the company to prop up its shares without telling the board about a possible conflict of interest. Read more: www.bloomberg.com
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
FundThrough pockets $18.6m for invoice financing
Canadian SME financing startup FundThrough has raised $18.6m (C$24.6) in a Series B round of funding led by Scale Up Ventures. Read more: www.fintechroundup.com
South Korean insurer buys 4.1% stake in Lending Club for $66m
South Korea’s Hanwha Life Insurance has acquired a 4.1% stake in troubled peer-to-peer lending firm Lending Club. Read more: www.fintechroundup.com