SoFi Is in Talks for $500 Million Funding Led by Silver Lake
Social Finance Inc. is close to raising about $500 million in a funding round expected to be led by private equity firm Silver Lake Partners.
Trump and Brexit make alternative credit star asset class for 2017, says KKR
Trump and Brexit have prompted four major secular changes investors must consider, according to Henry McVey, Head of Global macro & asset allocation at KKR.
Peer-to-peer lender Zopa passes £2 billion loans milestone
Zopa, the fintech businesses credited with inventing peer-to-peer lending, has passed £2 billion ($2.5 billion) in loans over its online platform.
Online lender Spotcap enters New Zealand, partners with Heartland Bank
Fintech lender Spotcap has clinched £12m in debt funding from Heartland Bank as it launches in New Zealand.
FinTecSystems partners with Smava for fully automated loan system
FinTecSystems, Fidor Bank, and credit comparison site Smava have partnered to launch Kredit2Go, which they claim is the first fully automatic credit system with an immediate payout.
Global fintech investment up 10.9% to $17bn
Global investment in disruptive financial technology firms by venture capital funds rose by 10.9 per cent in 2016 compared to 2015, according to data from Innovate Finance.
Chinese Peer-to-peer lender Ppdai.com plans US IPO, likely raising up to US$200m
Ppdai.com, one of the mainland’s largest online lending platforms, is reportedly planning to raise US$200 million in a US initial public offering.
Aegon to Invest 1.5 Billion EUR in Auxmoney Loans
Dutch insurance company Aegon, international provider of life insurance, pensions and asset management, intensifies relationship with leading German p2p lending marketplace Auxmoney.
Robo advisor Scalable Capital partners with Siemens
The wealth manager will provide current and former German Siemens employees investment options through its automated portfolio.
Fourth Quarter UK Peer to Peer Lending Hits £844 Million
The UK Peer to Peer Finance Association (P2PFA) has published Q4 data for both SME and consumer lending. The P2PFA said “fourth quarter of 2016 has demonstrated continued growth, with the expansion in lending volumes confirming increasing levels of confidence.”