Alibaba Hong Kong Entrepreneurs Fund, CreditSuisse and the World Bank’s International Finance Corporation (IFC) all contributed to the round, along with other global banks.
The online lenders set up to upend US retail banking in the wake of the financial crisis are still expanding in spite of scandals and setbacks at some of the biggest names in the business.
The international money transfer service raised $280m in a Series E round as it plans for global expansion and challenge to banking disruptors.
A securitisation of loans originated by peer-to-peer lending firm Zopa has received a warm reception in the market. The deal, which is the second securitisation of Zopa loans, has been priced significantly tighter than last year’s transaction.
Dutch bank ING will roll out to its online lending services to France and Italy.
Real estate lending platform Genesis Capital has signed an agreement with Goldman Sachs to support the company in its next phase of growth.
Big banks need to respond to rapidly changing customer preferences, digital interfaces and platform businesses to thrive post-crisis, according to a new report from Oliver Wyman.
Qudian Inc., a Chinese online loan provider, jumped in its trading debut after pricing the fourth-biggest U.S. initial public offering this year.
The bank will offer Bud's financial management tools under its online only brand First Direct in a new trial, hot on the heels of the launch of its new app Beta last month.
Leading peer-to-peer lending platform Zopa partners with Saffron Building Society. Saffron was established in 1849 and today manages assets worth over £1bn.