P2P lending marketplace Zopa, the first p2p lending platform, established in 2005, announced that it will launch a bank in 2018, offering FSCS protected saving deposits.
Lending Club, the world's largest online marketplace connecting borrowers and investors, announced that National Bank of Canada has approved investing up to $1.3 billion to be deployed on the Lending Club platform over the next twelve months.
The $1.7 trillion U.S. financial services industry is being fundamentally reordered as a tsunami of technology disrupts the way we save, invest, spend and borrow.
PEER-TO-PEER finance platforms will have access to thousands more businesses seeking loans, thanks to a new bank referral scheme that launches today.
Canadian bank CIBC partners with marketplace lender Borrowell on consumer loan offering.
The European Investment Fund reaches £30m agreement with student lender Future Finance.
French Banque Postale makes its first investment into a fintech and takes a 10% stake in Wesharebonds.
The new report, commissioned by Manatt, shows that collaboration is the likely way forward for banks and fintech companies.
Monroe Capital LLC has closed its latest portfolio in the alternative credit space with $800m of limited partner commitments, according to regulatory filings.
A Shanghai-based company is banking on U.S. investors’ appetite for China’s fast-growing peer-to-peer lending industry as it plans an initial public offering that could value it at roughly $2 billion.