Fintech challenger Revolut clinches $66m to fund global expansion

Banking challenger Revolut has confirmed the closing of a successful $66m Series B investment round, led by Index Ventures. Existing investors Balderton Capital and Ribbit Capital also participated.


Rocket Internet Sells Lendico to Arrowgrass

Rocket Internet has sold its majority stake in German startup Lendico to Arrowgrass. The purchase price was not disclosed.


Goldman Sachs backs $600m alternative credit fund

Goldman Sachs lead the closing of a $600m alternative credit deal for MidOcean Credit Partners, as the company structures its deals to comply with U.S. risk-retention rules.


French marketplace lender lands €18.5m from European Investment Bank

Lendix, a leading marketplace lender for small businesses in France, has agreed to an €18.5m funding deal with the European Investment Bank (EIB), via the European Investment Fund (EIF).


Visa buys stake in fast-growing fintech group Klarna

Visa is taking a stake in Klarna in a sign of the Swedish fintech’s growing presence in online payments.


LendingClub closes landmark $279.4m securitisation

LendingClub, one of the world’s largest marketplace lenders, has closed its first self-sponsored securitisation. The $279.4m deal was backed by consumer loans that were facilitated by the LendingClub platform.


Student lender CommonBond closes largest securitisation yet

CommonBond, a major online lender in the US, has closed its latest securitisation of refinanced student loans. The $231m deal has received AA ratings from Moody’s and DBRS (Aa3 and AA respectively). These represent CommonBond’s highest ratings to date.


Fintech lender SoFi follows Zopa on millennial banking path

The US-based leader in the marketplace lending market also wants to offer checking accounts under its new SoFi Bank brand.