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
Indian SME lending startup NeoGrowth nets $35m backing
Indian fintech startup NeoGrowth has raised $35m in a new financing round backed by Mumbai-based asset manager IIFL. Existing investors, including Quona Capital’s Accion Frontier Inclusion Fund,...
Small business loan platform Bizfi picks up $20m financing
New York-based Metropolitan Equity has backed financial technology company Bizfi with a $20m growth equity investment.
LendingKart looks to future with $32m Series B investment
Bertelsmann India Investments has led a $32m Series B round in Indian lending platform Lendingkart Group.
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.
Australian SME fintech financer Waddle secures $30m debt funding
Sydney-based fintech business Waddle has secured funding for $30m in loan volume over the next 12 months from an unnamed Australian private investor.
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.
Deutsche Börse launches FinTech-focused VC platform
German stock exchange operator Deutsche Börse is targeting the fast-growing fintech industry with a new corporate venture capital platform.
Bank of England seeks to innovate services via new FinTech Accelerator
The Bank of England announced the launch of a new Fintech Accelerator on 17 June looking to support businesses able to help it innovate central banking.
HitFox-backed FinTech builder FinLeap scores €21m financing round
German fintech company-builder FinLeap has picked up a €21m financing round from backers including HitFox, which launched the company back in December 2014.