BNP Paribas Asset Management launches SME alternative lending platform, completes first UK loan

BNP Paribas Asset Management has completed its first UK loan on its new SME lending platform.


Lendix raises $37 million for its lending marketplace

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.


Report: Lending platforms created 360,000 jobs and added almost $40bn to the US economy

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.


Former Amex chief backs immigrant credit score provider

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.


MoneyFarm secures £40m investment

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 confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal

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.


Consumer credit platform secures $600m facility

Fintech lending firm LendingPoint has secured a committed credit facility of up to $600m, arranged by Guggenheim Securities.