iwoca, one of Europe’s fastest growing small business lenders, today announces it has raised an additional £150m in equity and debt capital. The investment brings iwoca’s total funding to £350m. iwoca’s most recent fundraising included a Series D equity round led by Augmentum Fintech, the specialist fintech venture capital investor. NIBC Bank and other existing investors, including Prime Ventures, also participated. Read more »
CrowdBureau Corporation, a financial technology company and index provider, announced the launch of the CrowdBureau Peer-to-Peer Lending and Equity Crowdfunding Index (tickers: CBP2P and CBP2PTR). Read more »
Following the MoU signed last year, the financial companies Inditrade Capital and Robocash Group have launched an online service for short-term consumer lending in India. Given the increasing demand for digital lending, the service is expected to lead the segment in India in a period of 3 to 5 years. Read more »
BLEND Network, a fast-growing peer-to-peer property lending platform, has announced the appointment of highly-experienced property professional Paul Watson as Head of Origination. His arrival will help the company better serve its existing clients, as well as accelerate the acquisition of new borrowers, while also enhancing its due diligence capability for the benefit of its lenders. Read more »
Leading peer-to-peer business lender, Assetz Capital, has launched a new cashback offer which rewards new investors with up to £350 in cashback. To trigger the cashback, users need to register and invest by 31st January. Those that invest between £5,000 and £10,000 will earn £100 cashback, with those investing over £10,000 or £20,000 earning £150 or £250 respectively. Read more »
The European P2P platform Robo.cash has been recently joined by its first lending company in Southeast Asia Robocash Finance Corp. Now users of the platform have an opportunity to invest in the Philippine short-term consumer loans in EUR with an annual return of up to 12%. Read more »
Divido, the multinational white-label platform for point of sale lending, has today unveiled the results of its UK-wide research into how consumers approach high-value purchases, and subsequently what the UK high street needs to offer in order to stay relevant. The study of over 2000 UK consumers reveals that just 7% of Brits browse exclusively in-store before making a high-value purchase (identified as costing over £250) - putting pressure on... more Read more »
The European P2P platform Robo.cash has been recently joined by the leading Russian microfinance company MFC Zaymer which has supplied investors with the opportunity to invest in short-term loans issued by its online lending service Zaymer.ru. An expected annual return for investors will comprise up to 14% in EUR and up to 18% in for loans listed in RUB. Read more »
Fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of $12m (including $5m in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms in line with significant early demand. Read more »
The European Р2Р platform Robo.cash has been recently joined by a new loan originator LLP Z-FINANCE which provides short-term private lending in Kazakhstan. For the users of the platform, it means more opportunities to invest in short-term loans listed in euro with a repayment period up to 30 days and an expected interest rate up to 12% per annum. Read more »
Twilio (NYSE: TWLO), the leading cloud communications platform, today announced <Pay>, a new API that enables developers to easily process payments securely over the phone With just one line of code companies can quickly and easily accept payment via automated Interactive Voice Response (IVR) interactions or in contact centre environments. Read more »
Over 26 million euro loans were financed through the European P2P platform Robo.cash in eight months in 2018 that is 223% more than in the same period a year earlier. Operating according to the ‘peer-to-portfolio’ model, the platform brings together private investors and legal entities with the loan originators in Kazakhstan and Spain. This dynamic is believed to be facilitated by continuous development of the IT system and robotic scoring... more Read more »
SF Holdings Company Plc, parent of MCC SimpleFinance LLC (“SimpleFinance” or the “Company”), a fintech platform providing accessible lending to small and medium-sized Russian businesses, has completed a USD 15 million equity fundraising round with an investment from the SBI Group (“SBI”). Read more »
MCC SimpleFinance LLC (hereafter, “SimpleFinance” or the “Company”), a high-tech Russian company specialising in providing accessible lending to small and medium-sized Russian businesses, announces that the Company has topped the National Rating Agency’s (“NRA”) ranking of organizations in the microfinance sector. Read more »
Esme Loans, the digital lending platform backed by NatWest for SMEs and scale up businesses, today announced that it has entered in to a partnership to use Validis’ unique data sharing API (DataShare). DataShare enables a secure, high-speed connection between Esme’s lending platform and the most utilised offline and online SME accounting packages. Read more »
