Thursday, February 2, 2023

4thWay predicts a 50% growth in the UK P2P lending market

According to 4thWay's numbers, UK market lending will deliver another “record year”, with a total of £3.02 billion facilitated via 35 various platforms. Read more:

Mortgage lender Nexera lands Warburg Pincus investment

Mortgage lender Nexera Holdings has received a ‘significant growth investment’ from funds affiliated with global private equity firm Warburg Pincus. Read more:

More good news for lending as Upstart nabs $32.5m Series D

In the wake of Prosper’s $5bn loan financing deal, online lender Upstart has raised $32.5m in its Series D round. Read more:

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.

SmartFunding nabs $490,000 for invoice financing

Singapore-based invoice financing firm SmartFunding has raised $490,000 in a seed funding round. The capital comes from FinTech Asia Group and Investorlend. Read more:

LendingClub and OnDeck will die in the next recession

LendingClub’s (and that of other p2p lenders) business model is a race against time, but without a finish line. Read more:

SoFi targets mortgage lending in Australia

SoFi, is preparing to launch in Australia to offer mortgages in direct competition with the banks. Read more:

loanDepot launches digital lending platform

loanDepot announced on Monday the launch of its proprietary digital lending platform, mello. Read more:

Venture capital giant KPCB among latest Better Mortgage funding round backers

Tech-driven mortgage bank Better Mortgage has picked up a $15m Series B financing round from Kleiner Perkins Caufield & Byers, Goldman Sachs and Pine Brook. Read more:

Digital mortgage platform habito snags £5.5m

UK-based digital mortgages startups habito has picked up £5.5m in a Series A round led by Silicon Valley-based VC Ribbit Capital. Read more: