Alternative Finance

Finitive Launches Alternative Lending Investment Platform With $1.3 Billion Of Initial Transaction Volume

Finitive LLC (www.finitive.com), a financial technology platform providing institutional investors with direct access to alternative lending investments, announced today the launch of its zero-fee platform.  Finitive, which commenced operations in August 2017, has received commitments for transactions with an aggregate capacity of $1.3 billion.  Several asset managers and banks have committed capital for transactions in the consumer, renewable... more Read more »

iwoca pledges £100m for small businesses in the Northern Powerhouse

iwoca, one of Europe’s largest small business lenders, is pledging to lend £100 million to micro and small businesses in the North of England by 2020. The alternative finance provider is making the pledge in response to the withdrawal of credit facilities for small businesses by the UK’s banks, which has been most acute in the North. Read more »

The P2P Lending is Becoming a Significant Income Source for Young investors

The P2P lending is turning to a significant source of additional income for the growing number of the European investors. According to the research carried out by analysts of the platform Robo.cash, this occurs due to the rising share of young investors in the market. Read more »

Assetz Capital Launches ISA

Assetz Capital has launched its Innovative Finance ISA today. The business peer-to-peer (P2P) lender’s ISA is available as a wrapper on all of the automated investment accounts, with the Manual Lending Account also set to be allowed into the ISA in early 2018. Read more »

AsiaKredit Unveils Digital Lending Tool in Phillippines

AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced the launch of pera247 in the Philippines, an innovative, data-driven consumer lending platform delivered through a mobile application.  pera247 is a digital lending solution that aims to provide unsecured small-ticket, short-term consumer loans for up to 90 days to the country’s underbanked population with no existing credit or collateral history.  Read more »

ING Expands Instant Lending to SMEs in France and Italy

ING announced today it has started to offer online lending to small and medium enterprises (SMEs) in France and Italy. The proposition fits ING's strategy to grow its lending business to SMEs and creating a differentiating customer experience. The offering has been developed in a unique collaboration with suppliers and fintechs, including Kabbage, the fintech ING is already offering instant lending with to SMEs in Spain since 2016. ING invested... more Read more »

Tic:Toc Selects MuleSoft to Power Instant Online Home Loan Service

MuleSoft (NYSE: MULE), the leading platform for building application networks, today announced that financial services startup Tic:Toc has selected MuleSoft's Anypoint Platform™ to power it’s real-time home loan approval system. Read more »

Global Online Lender Issues €120M In Credit Lines to SMEs

In three years, online lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). The fintech also raised an additional €22 million of equity and debt funding from its existing investor network. It has now raised €100 million of investment since its launch in September 2014. Read more »

Peer-to-peer lender TWINO Expands Operations in Russia with Second Originator

TWINO, one of Europe’s largest peer-to-peer (P2P) lending platforms, today announces that it is significantly expanding operations in Russia by adding new loans from its second Russian originator, onto its platform. The move is in response to high demand from both investors and borrowers. Read more »

Klarna Unveils P2P Payments Service

Klarna Bank AB (publ) is delighted to announce the release of our new free of charge peer-to-peer (P2P) payment service ‘Wavy’, which enables people to send and request money in a secure, fast and easy way. Read more »

SolarisBank Cooperates with Lendico

Lendico, the international peer-to-peer lending provider for small and mediumsized enterprises (SME), has concluded a cooperation with solarisBank, the first digital banking platform with a full banking licence.  The two Berlin-based fintechs have concluded a long-term collaboration for financing SME loans. To begin with, solarisBank is providing an eight-digit sum for financing loans via Lendico. There are plans to expand the commitment in the... more Read more »

Chinese P2P Firm Leadercf.com Explores Overseas Markets

Since peer-to-peer lending and financing (P2P) made its appearance in China a decade ago, the country has become one of the world's leading markets for the service, with pent-up demand causing the domestic market to grow especially rapidly over the last two years. Read more »

Teaming for Better ICO & Crypto-Crowdfunding Experience

COSS, a one-stop solution venue for cryptocurrency adopters, has established a strategic partnership with FundYurselfNow (FYN), a blockchain-based crowdfunding platform. Read more »

Zuper Targets Crowdfunding Raise

“Higher and higher fees, little innovation, fewer branches: banks have left their customers behind,” says Alexey Rubtsov, the co-founder of a new German fintech startup, “We want to flip that power dynamic into the hands of the customer and put the people first” With a unique strategy and technology to deliver more convenient money management to the public, zuper GmbH — a startup team based in Munich — has just launched a €500,000 campaign at... more Read more »

DoFinance Enters Asia and Opens a Representative Office in Indonesia

DoFinance opens European peer-to-peer investment gates to private investors in Asia. In becoming the first European-based P2P platform to open a customer centre in Indonesia, DoFinance connects a customer-oriented approach set to European standards and Asian investors. Read more »

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