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
SoFi pushes back IPO plans amid financial tech struggles
The online lending company known as SoFi, which specializes in refinancing student loans, is pushing back plans for an initial public offering in order to focus on developing other business lines. Read more: www.bloomberg.com
GoFundMe passes $3bn milestone in crowd donations
Charitable crowdfunding platform GoFundMe is experiencing rapid growth and announcing that the total raised through the platform now exceeds $3bn. Read more: www.fintechroundup.com
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: www.fintechroundup.com
BlueVine snags $75m credit line from Fortress Credit
Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit. Read more: www.fintechroundup.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
ZestMoney nabs $6.5m for point-of-sale loans
Point of sale consumer lending startup ZestMoney has picked up $6.5m in Series A funding. The round was led by Indian online payments firm PayU. Read more: www.fintechroundup.com
Has the P2P halo slipped?
For the past few years it has seemed like P2P lenders could do no wrong. Read more: www.cityam.com
MobileCause grabs $15m for non-profit fundraising
Digital fundraising and communication platform for non-profits MobileCause has picked up $15m in a Series B round. Read more: www.fintechroundup.com
Jay Mart taps FinTech to thrive in digital financial services
Bangkok Stock Exchange listed mobile distributor company Jay Mart is targeting on fintech companies and startups to embark on a transformation of its business. Read more: www.econotimes.com