Hong Kong-based mobile lender WeLab raises $220m in latest Series B round
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.
Online lenders shrug off scandals to increase US market share
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.
TransferWise announces $280m investment round as company looks towards APAC expansion
The international money transfer service raised $280m in a Series E round as it plans for global expansion and challenge to banking disruptors.
New Zopa securitisation priced, highlights market confidence
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.
SoftBank-backed Kabbage expands licencing deal with ING
Dutch bank ING will roll out to its online lending services to France and Italy.
Lending platform signs deal with Goldman Sachs
Real estate lending platform Genesis Capital has signed an agreement with Goldman Sachs to support the company in its next phase of growth.
Fintech banking disruption is gaining pace
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.
Chinese Lender Qudian Jumps After Year's Fourth-Biggest U.S. IPO
Qudian Inc., a Chinese online loan provider, jumped in its trading debut after pricing the fourth-biggest U.S. initial public offering this year.
HSBC's partnering with fintech startup Bud in latest Open Banking push for First Direct
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.
Zopa busts into branches with building society partnership
Leading peer-to-peer lending platform Zopa partners with Saffron Building Society. Saffron was established in 1849 and today manages assets worth over £1bn.