Finstar expands senior FinTech team with Timko hire
Finstar Financial Group has further expanded its fintech and financial services investment program with the hire of Eugene Timko.v
City regulator warns on peer-to-peer lending
FCA’s Andrew Bailey says hidden risks resemble some lending practices of Northern Rock. Read More: next.ft.com
The turn to crowdfunding: it’s too expensive to die
A study from NerdWallet.com finds campaigns to raise money for funeral and burial expenses are the fastest-growing cause in crowdfunding. Read More: time.com
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
Crowdo gets licence for P2P lending and equity crowdfunding
Crowdohas received its CMS licence from the MAS for securities crowdfunding to deliver both peer-to-peer and equity crowdfunding. Read more: www.dealstreetasia.com
Myanmar microfinance could see FinTech first
Blockchain technology could be coming to Myanmar, where a local company is hoping to become one of the first microfinance firms in the world to use a blockchain-based core banking system. Read more: www.mmtimes.com
New FinTech removes intermediaries and loan costs
Zidisha lets web users lend directly to individual borrowers in developing countries without any intermediary. Read more: www.ibtimes.co.uk
India’s “MM” raises $15M to expand to new financial products
Fintech companies are beginning to make a significant impact to how people live in Asia. Mywish Marketplaces, one of the more mature startups in what is. Read more: techcrunch.com
Dating services come between Sofi and bank licence
Social Finance is unlikely to seek a banking license because its involvement in unorthodox activities like dating services would make it hard to win approval from regulators. Read more: uk.reuters.com
Subprime lender Elevate lands $545m in credit from Victory Park
Subprime online lender Elevate has increased its credit facility with Victory Park Capital (VPC) by $100m to a total of $545m.