Non-bank lending eyes $1trn market
Non-bank lending is set to reach more than $1trn in market size by 2020, according to a new report.
£200m to be invested in larger loans via P2P platform ThinCats
ThinCats, a P2P firm which is owned and operated by ESF Capital, has announced a £200m funding programme for UK SMEs. £30m has already been committed and deployed by ESO Capital. Waterfall Asset Management has contributed £70m, which is yet to be deployed.
Navient to Buy Fintech Firm Earnest for $155 Million
Navient Corp., one of the largest U.S. companies that collects payments on student debt, jumped into the lending business by agreeing to acquire financial-technology startup Earnest Inc.
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UK businesses turning to alternative finance
Business finance company MarketInvoice conducted a survey of UK businesses on their awareness and adoption of fintech products and services.
Prime Minister voices support for UK fintech in Bank of England speech
Theresa May has spoken of the importance of the UK remaining a global hub for fintech.
Loan Portfolio Development Report
As part of our commitment to transparency we have prepared this report on the development of our loan portfolio, using the latest date about our platform as of September 30, 2017.
Goldman expects to hold $28bn of online loans on balance sheet by 2020
Goldman Sachs sees online lending as its biggest revenue growth opportunity over the next three years.
Fintech lender MarketInvoice lands another £45m bank funding deal
MarketInvoice has signed another £45m funding deal with another bank. Varengold Bank AG will provide £45m in debt funding annually to the platform, to be lent to UK SMEs.
Younited Credit raises $47.8 million for its crowdlending platform
French startup Younited Credit is building the biggest crowdlending platform in continental Europe. The company just raised $47.8 million (€40 million) to launch in new countries, work on new product features and more.
Goldman Sachs leads £115m investment in fintech lender Neyber
Neyber’s recently closed Series C fundraise was never quite closed after all. The fintech lender has found room for the world’s pre-eminent investment bank.
Scalable Capital and ING launch partnership
ING-DiBa is expanding its retail bank offering by adding online wealth management delivered by Scalable Capital. The offer is available to all ING-DiBa customers from today.