P2Binvestor picks up $7.7m for crowdfunding business lending
Business lending marketplace P2Binvestor (P2Bi) has raised $7.7m in a Series A1 round led by Rockies Venture Club (RVC). Read more: www.fintechroundup.com
FinTech firm LendInvest not deterred by Brexit vote
The threat of Brexit has failed to dent the plans of LendInvest, the U.K. online property lender that is looking to double in size. Read more: blogs.wsj.com
Regulatory focus is critical for P2P lending’s success in India
Reduced regulatory and legal uncertainty in the nascent stage of an industry’s development allows firms to fine-tune their business models. Read more: blogs.economictimes.indiatimes.com
Kubo.finance takes $7.5m for Mexican peer-to-peer loans
Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.
FinTech consumer lenders to challenge UK banks’ business
Fintech consumer lenders will turn to securitisation to fund their businesses, with a number of transactions on the horizon over the next two years, says Moody's Investors Service. Read more: www.moodys.com
Startup investment platform CircleUP looks for $100m
Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing. Read more: www.fintechroundup.com
P2P lender Landbay granted ISA manager status by HMRC
Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. Read more: www.crowdfundinsider.com
LoanTap grabs $3m to lend to professionals
LoanTap, a Mumbai-based online lender, has raised $3m in a Series A round. The capital comes from angel investors.
Local alternative lending is enabling growth outside the city
The UK’s major banks are required to refer the businesses they turn down for a loan to an alternative provider, for example P2P platform, Folk2Folk. Read more: www.cityam.com
Could crowdfunding be the next big investment scandal?
The UK’s crowdfunding industry is one of the great success stories of the so-called FinTech (financial technology) sector. Read More: www.independent.co.uk