Chinese Fintech Yirendai Unveils Fourth Quarter & Full Year 2017 Financial Results
Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017.
Zopa investor Augmentum Fintech raises £94m in IPO
Augmentum Fintech, a new closed-ended investment company that will invest in private financial services technology businesses in the UK and Europe, has raised a total of £94m for its IPO.
Monzo adds investments and peer-to-peer lending to its marketplace
The digital bank’s beta is soaring as it adds another category for users, partnering with Scalable Capital, Wealthsimple and Zopa among others.
BNP Paribas Fortis partners with Swedish fintech Tink for digital banking
Belgian bank BNP Paribas Fortis has announced it will be integrating tech from Swedish firm Tink to power its mobile banking applications.
P2P and marketplace lending equity investments recover in 2017 to set new record
Equity investments into P2P and marketplace lending platforms rose to a new high in 2017, according to consultancy Fintech Global.
French payments challenger Lydia raises €13m
French fintech Lydia has announced it is raising a €13m ($16.1m) fundraising round, led by CNP Assurances and backed by existing investors XAnge, New Alpha AM, Oddo BHF and Groupe Duval.
BNP Paribas launches alternative finance investment fund
European bank BNP Paribas is launching a fintech investment fund for innovative start-ups, managed by BNP Paribas Capital Partners, an arm of BNP Paribas Asset Management.
ING Diba Buys Lendico
Bank ING Diba acquires p2p lending marketplace Lendico. According to Finanz-Szene.de the transaction was reported to the German Federal Cartel Authority last week. The bank has confirmed the acquisition.
Goldman Is Close to Buying Personal-Finance Startup Clarity
Goldman Sachs Group Inc. is in discussions to acquire personal-finance startup Clarity Money, with plans to fold it into its Marcus online lender, according to people familiar with the matter.