China's Ant plans equity fundraising at potential $100 billion valuation

China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion.


3rd European Alternative Finance Report: Market Expanded by 41% in 2016, P2P Consumer Lending Leads

The European online alternative finance market grew by 41 per cent to 7.7 billion euros in 2016, according to the 3rd annual European Alternative Finance Industry Benchmarking Report by the Cambridge Centre for Alternative Finance.


Spotcap forms partnership with leading Austrian bank

Alternative lending platform Spotcap has formed a partnership with Bawag Group, marking the start of its licencing business. The partnership, Spotcap’s first within the DACH region, will enable Austrian SMEs to access same-day funding by leveraging the platform’s lending technology and analytics.


2017 marketplace lending volumes exceed expectation

In what has become an annual exercise, AltFi Data has unveiled its projections for 2018 lending volumes. Each of the core marketplace lending sectors covered – the UK, EU and US – is expected to produce significant origination growth in 2018, with Continental Europe leading the way.


Banco BNI Europe Starts to Lend on Multiple P2P Lending Platforms

Banco BNI Europa was launched in July 2014 as a digital-only bank in Portugal. Banco BNI Europa says it aims to challenge the traditional banking sector through strategic partnerships with fast-moving fintech businesses to launch new products allowing the use of the most advanced technology in terms of risk analysis, consumer experience and rapid entry into the market.


European P2P market hits £6.8bn

Overall, the European alternative investment market grew by 43 per cent to €7.7bn (£6.8m) during 2016 according to the third annual European Alternative Finance Industry Benchmarking Report by the Cambridge Centre for Alternative Finance (CCAF).


French marketplace lender takes more money from the European Investment Bank

The European Investment Bank has doubled down on its commitment to Lendix – the leading marketplace lender for small businesses in Continental Europe. The supranational bank first committed €18.5m to fund SMEs via the Lendix platform in July.


Funding Circle fund enters into £50m deal with CitiBank

The Funding Circle SME Income Fund has entered into a formal agreement with Citibank to establish a funding transaction to make loans to ‎UK small businesses through the Funding Circle platform‎.