Citi Ventures Makes Newest Strategic Investment in FastPay
FastPay, a leading financial technology company that provides lending and financial workflow solutions to digital businesses, today announced the close of a strategic investment from Citi Ventures.
NewAlpha invests via its fintech fund in Unilend, the leading French player in P2P lending to SMEs
An expert in investments targeting the entrepreneurial financial industry, NewAlpha Asset Management launched the first French venture capital fund dedicated to Fintechs in November 2015.
Lenddo Teams Up With FKBCG to Launch “Lenddo Korea“
Lenddo, an Asia-based fintech company that uses non-traditional data for credit scoring and online verification, announced last week it formed a partnership with Korea credit scoring consulting company FKBCG to launch its new company, Lenddo Korea.
KKR: Alternative credit set to be “star performing” asset class
The US private equity giant sees a huge opportunity in credit markets benefiting from the disruption of traditional banking models.
CoAssets completes IPO, raises S$6.72m
Singapore-based CoAssets stages landmark listing on the Australian Securities Exchange, raising S$6.72m.
Ex-Lloyds CEO Joins Board of P2P Lender
Eric Daniels, the former chief executive officer of Lloyds Banking Group Plc during the 2008 global financial crash, has joined the board of British peer-to-peer lender, Funding Circle Ltd.
Current effective interest rate for investors
Current effective interest rate on loans to investors on a Zlty melon reaches double digits. See the analysis on actual interest rates and the net proceeds of the loans to investors provided through Zlty melon.
Square Is Expanding Lending and Payment Services With Two Competitors
Square announced a new partnership that would allow restaurants and retailers that use point-of-sale hardware and software made by competitors TouchBistro and Vend to access Square’s software and services, including lending.
Moody's: Tie-ups between marketplace lenders, banks can benefit small businesses
Moody’s published a report on the potential benefits and pitfalls of partnerships between banks and marketplace lenders. The core benefits were identified as lower acquisition costs and lower cost of capital.
Goldman Signs $100 Million Credit Facility For Online Lender Fundation
Fundation Group LLC, which makes online business loans, this week completed a $100 million credit facility with Goldman Sachs Group Inc., according to the lender’s chief executive.