Linked Finance has secured the backing of Eiffel Investment Group. There is no upper limit to the funding programme, with Eiffel having agreed to contribute up to 20 per cent of the required funding for all new loans on the platform.
Shortly before Christmas the start-up reached €100m of assets under management in 10 months, making it among the fastest growing robo advice companies.
Funding Circle has closed a large financing round which is the largest for a European Fintech since April 2015.
Metro Bank has signaled that it is open for business with £1bn of funds ring-fenced for lending in 2017.
Peer-to-peer lending platform Funding Circle has secured £40m from the UK government to support small businesses amid concern that the Brexit vote could constrain credit.
After a glum 2016, look for startups tackling massive opportunities like insurance and real estate to reenergize the fintech sector.
Citizens Bank today announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks.
Crowdfunding platform Crowdcube has finished off the year by becoming the first platform to hit the £200m mark in capital raised in the UK.
Leading short term SME lending platform clinches major funding round from top VCs.