BNP Paribas Asset Management has completed its first UK loan on its new SME lending platform.
French startup Lendix has raised a new funding round of $37 million (€32 million). With this new influx of cash, the startup has one goal in mind. It wants to become the leading lending marketplace of Continental Europe.
Online lending for small businesses has become an important way to boost the economy in the US, says a report by research company NDP Analytica.
The former American Express chief Ken Chenault is backing a start-up company that provides credit scores for immigrants who struggle to rent apartments and access other basic services upon their arrival in the US.
Allianz Asset Management has a led a £40m investment into robo advice platform Moneyfarm, increasing its minority stake after first investing in the firm in 2016.
PayPal is taking its biggest bet yet on point-of-sale transactions, small businesses and markets outside of the U.S. as it looks to raise its game against Square, Stripe and others in the world of payments: The company has confirmed that it is buying iZettle — the Stockholm-based payments provider commonly referred to as the “Square of Europe” — for $2.2 billion in an all-cash deal.
Fintech lending firm LendingPoint has secured a committed credit facility of up to $600m, arranged by Guggenheim Securities.