639 articles tagged with this keyword
News/Non-bank competitors
Robo-advisor Wealthfront is moving into lending, enabling customers to borrow against their investment accounts.
19 April 2017
Company update/Non-bank competitors
Assetz Capital, one of the UK’s largest and fastest growing peer-to-peer finance platforms, today announced it was raising the interest rate on its popular 30 Day Access Account (30DAA) by 0.5% to 4.75% for a limited time.
13 April 2017
A survey of small business credit published by the Federal Reserve Bank of New York has revealed that online lenders are less popular with small and medium enterprises (SMEs) than big banks.
Fleximize, the UK’s first revenue-based finance provider, has today announced it has closed a new financing facility of £16,300,000 from Hadrian’s Wall Secured Investments Limited, a specialised investment fund
12 April 2017
The UK's Financial Conduct Authority (FCA) has called for an international regulatory framework to be applied to fintech startups in order to prevent a 'Wild West' approach to governance of the sector.
11 April 2017
A year after being forced out of Lending Club, the firm's founder Renaud Laplanche is back with a new online lending platform and $60 million in financing.
06 April 2017
French retail giant Carrefour has stepped up its interest in financial services through the launch of an online-based current account.
21 March 2017
Vancouver-based mobile finacial services outfit Koho has finally moved out of private beta testing, pitting its mobile-based service against Canada's big five providers in the battle for Generation Y.
17 March 2017
Kabbage, a pioneering financial services, technology and data platform, today announced that on March 7, 2017, it priced $525 million of fixed-rate, asset-backed notes in a private securitization transaction.
08 March 2017
Upstart, a US online lender founded by a gaggle of former Googlers, has raised $32.5 million in a funding round led by Japan's Rakuten and an unnamed asset manager.
03 March 2017
LendUp, a socially responsible lender for the emerging middle class, today announced it has closed another $100 million credit facility with investment firm Victory Park Capital (VPC) to fund future loan growth.
02 March 2017
Prosper Marketplace, a leading online consumer lending marketplace, today announced that it has closed a deal with a consortium of institutional investors to purchase up to $5 billion worth of loans through the Prosper platform over the next 24 months.
27 February 2017
SoFi, a modern finance company taking an unprecedented approach to lending and wealth management, announced today it has entered into a definitive agreement to raise $500 million in Series F financing led by Silver Lake, the global leader in technology investing.
24 February 2017
Indian telco Bharti Airtel has acquired a stake in fintech loan startup Seynse Technologies.
23 February 2017
British AI-powered savings Facebook Messenger chatbot Plum is to start steering users that are willing to take on risk in exchange for higher interest rates to P2P lender Ratesetter.
22 February 2017
Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).
20 February 2017
Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.
SoFi is on the verge of closing a $500 million funding round led by private equity firm Silver Lake Partners that would value the online lender at $4.3 billion, according to Bloomberg.
17 February 2017
German Banking-as-a-Platform (BaaP) startup solarisBank is in the process of raising EUR30 million in a Series B funding round as it gears up to go live with a host of fintech firm partners, Finextra understands.
15 February 2017
Fintech startups are setting new standards for customer control and experience, forcing high street banks to up their game, says UK charity the Fairbanking Foundation.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.