Alternative Finance

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 »

P2P Lending Platform Assetz Capital Raises Interest Rates for Limited Time

Today Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, revealed it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time. The 30DAA allows peer-to-peer lenders to invest automatically in loans and features automatic diversification to spread risk. Read more »

Mettrr Technologies Realised Its Investments To Crowdcube Platform

Mettrr Technologies has become the first company to provide financial returns for its crowd investors through a secondary share sale via a crowdfunding platform. It comes just six months after Crowdcube announced that it would pioneer secondary liquidity on its platform, delivering on its mission to help investors realise their investments.  Read more »

FMS.next Alternative Finance platform Powered with More FinTech Functionality

Profile Software, an international financial solutions provider, today announced the latest upgrade in the FMS.next Alternative Finance platform, to offer enhanced capabilities for “Auto-investing” that further boost the marketplace lending processes. Read more »

Rentivo Exceeds Crowdfunding Target by 36%

Today Rentivo, a vacation rental marketing and management software company, announced it has successfully oversubscribed its CrowdCube.com crowdfunding campaign, raising £341K/$425K and exceeding its goal by 36%. The funds will be used to accelerate technology development, sales and marketing. Read more »

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