Thursday, February 2, 2023

Zopa becomes first P2P lender to pass £2bn milestone

The company says it has facilitated 300,000 loans since launching 12 years ago, matching 246,000 borrowers with more than 75,000 investors. Read more: www.fintechroundup.com

FinTech startup lands $3m to automate payments

Paying Loans Sucks - FinTech Startup EarnUp Lands $3 Million To Intelligently Automate Payments. Read more: www.prnewswire.com

American Express backs IndiaLend’s $4m round

Delhi-based credit underwriting and analytics startup IndiaLends has attracted American Express’ venture arms for its $4m funding round. Read more: www.fintechroundup.com

UK banks now required to refer SMEs to alt-lenders

The U.K.’s bank referral scheme has officially kicked off. Read more: www.pymnts.com

Ford ploughs into FinTech with AutoFi investment

Auto giant Ford is making an investment in the fintech space and backing auto financing startup AutoFi. The size of the investment is undisclosed. Read more: www.fintechroundup.com

Online lender Argon Credit files for bankruptcy

Argon Credit, the Chicago online lender, reportedly filed for bankruptcy protection last week. Read more: www.pymnts.com

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.

GoFundMe has acquired CrowdRise, may extend to charities

GoFundMe may take a leaf out of its book and expand to introduce funding for charities and non-profit organizations to its platform. Read more: www.thetechportal.com

Climb Credit tries to shake up American student loans

Climb Credit, with just two dozen employees, provides student loans, for programmes bringing returns higher than expected from universities. Read more: www.economist.com

WeLab lands $25m credit facility for online loans

WeLab, a Hong Kong-based operator of online lending platforms, is proving investors still see big potential in the space, landing a $25m credit facility note. Read more: www.fintechroundup

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