Kreditech, a Germany-based consumer finance firm, has closed a €10m fundraise from Japanese internet services company Rakuten. Kreditech’s existing investors include J. C. Flowers and the World Bank’s International Finance Corporation.
Fifth Third Bancorp has invested in small business lender ApplePie Capital.
Dear friends. The end of the year is fast approaching and while it is time to enjoy the holiday spirit with friends and family, it is also a time to reflect on the year gone by. We can truly say that 2016 was an exciting year for Žltý melón, filled with both successes and positive changes.
The personal finance and lending platform has raised new capital to fuel its future growth in a new round led by Edison Partners.
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a $34 million B round. The funding was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and Tusk Ventures, as well as existing investors Aleph, Sequoia, and XL Innovate.
Big Society Capital selects ThinCats, Crowdfunder and Ethex as distribution partners.
US marketplace lending giant Lending Club will dip its toe back in the securitization market with a $101.75m consumer loan ABS transaction from the Lending Club Issuance Trust.
A study of the global online lending and crowdfunding market by Juniper Research suggests a doubling of revenues in the coming three years.
New report from McKinsey – who are active in the fintech space – says its rapid maturation in recent years is prompting the industry to enter a new phase of development.
Real estate lending platform PeerStreet clinches $15m Series A led by Andreessen Horowitz.