India’s LenDenClub streamlines P2P lending platform
Fresh from its seed round,LenDenClub made good on its promise and has launched a new version of its P2P lending platform. Read More: www.crowdfundinsider.com
TTV Capital leads Series A for B2B fintech business Apruve
TTV Capital has led a $2.25m Series A funding round for B2B fintech platform Apruve.
Aye Finance picks up $10.3m to expand small business lending
Small business lender Aye Finance has raised $10.3m in a Series B round led by LGT IV. Existing backers SAIF Partners and Accion also contributed to the round. Read more: www.fintechroundup.com
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.
Kaszek Ventures helps bring Brazil credit startup BankFacil financing to BRL25m
Brazilian online credit startup BankFacil has closed a new BRL15m ($4.3m) Series A financing round thanks to new capital from Kaszek Ventures and existing backers.
Prosper looks to new CEO amid tough year for P2P lenders
There’s change coming at the top of online lender Prosper Marketplace with CEO Aaron Vermut leaving the company at the end of the month. Read more: www.fintechroundup.com
Swiss SME lender Tradeplus24 secures $100m credit facility
Swiss SME lender Tradeplus24 has secured a $101m credit facility from boutique investment house Oceano One. Read more: www.fintechroundup.com
FinTech startup scores first bank partnership with DBS
Fintech startup led by two students score first bank partnership with DBS. Read more: sbr.com.sg
Bitauto takes $1bn from investors for Chinese auto-financing
Chinese auto financing platform Bitauto has secured $1bn in its latest funding round from a consortium of heavyweight Chinese internet firms. Read more: www.fintechroundup.com
Is alternative lending a perishable FinTech segment?
Despite competitive propositions, it is likely that banks will eventually drive this particular FinTech segment out of business. Read more: letstalkpayments.com