Non-bank competitors

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UK firm claims largest ever P2P loan

/Non-bank competitors

UK firm claims largest ever P2P loan

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

/Non-bank competitors

Zopa names Ronen Benchetrit CTO

The UK’s largest peer-to-peer lending service Zopa, has today announced that Ronen Benchetrit will become the company’s new Chief Technology Officer (CTO) in a strategic hire for the fintech business.

Student lending platform CommonBond closes $30m funding round

/Non-bank competitors

Student lending platform CommonBond closes $30m funding round

Student loan specialist CommonBond has raised $30 million in a Series C funding round led by Neuberger Berman Private Equity and another $300 million in debt to make loans.

Santander doubles down on fintech fund

/Non-bank competitors

Santander doubles down on fintech fund

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

/Non-bank competitors

Lending Club names Patrick Dunne chief capital officer

Lending Club (LC), the world's largest online marketplace connecting borrowers and investors, announced today that Patrick Dunne has joined Lending Club as Chief Capital Officer.

Lloyds Bank launches mentoring service for fintechs

/Non-bank competitors

Lloyds Bank launches mentoring service for fintechs

Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.

UK P2P lender MarketInvoice raises £7.2m

/Non-bank competitors

UK P2P lender MarketInvoice raises £7.2m

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

/Non-bank competitors

FCA calls for feedback on crowdfunding rules

The Financial Conduct Authority (FCA) is seeking input on which areas should be considered as part of its upcoming review of the rules surrounding both investment-based and loan-based crowdfunding.

/Non-bank competitors

India's NeoGrowth raises equity to help small retailers access credit

Fintech start-up NeoGrowth has raised $35 million (or INR 225 Crores) of equity to-date to advance its efforts to help small retailers, including qualified borrowers with little or no credit history, access credit in India.

Wealth managers must up digital game to fend off fintech threat

/Non-bank competitors

Wealth managers must up digital game to fend off fintech threat

With up to half of their net income at risk due to poor digital capabilities, wealth management firms will need to explore partnerships with fintech upstarts to ensure their long-term success, according to a report from Capgemini.

/Non-bank competitors

Tesco Bank and MasterCard forge payment partnership

Tesco Bank and MasterCard have today announced a strategic partnership to enhance mobile and digital payments at the retailer to make it easier for Tesco customers to pay.

BBA backs merger plan

/Non-bank competitors

BBA backs merger plan

The British Bankers Association (BBA) has backed a plan to merge four of the UK's financial services lobby groups into one industry body.

/Non-bank competitors

BNP Paribas to run second hackathon

BNP Paribas is to run a second international Hackathon from 17 to 19 June.

Laplanche talks to investors about Lending Club takeover - Reuters

/Non-bank competitors

Laplanche talks to investors about Lending Club takeover - Reuters

Former Lending Club CEO Renaud Laplanche, who was forced out of the company last month over a loans sale scandal, has been speaking to private equity firms and banks about raising money for a possible buyout of the online lender he co-founded, according to Reuters.

/Non-bank competitors

OnDeck expands accountant advisor programme

OnDeck (ONDK), the leader in online lending for small business, today announced the expansion of its Accountant Advisor Program with the hiring of new OnDeck Accountant Relationship Managers in Louisville, Kentucky, Miami, Florida and Mobile, Alabama.

Fintech's success raise questions about EU's crowdfunding limits

/Non-bank competitors

Fintech's success raise questions about EU's crowdfunding limits

A fintech startup aimed at teaching children how to manage their pocket money has become the most highly funded crowdfunded fintech startup in Britain after raising just under £4m in a matter of weeks.

Singapore regulator proposes fintech sandbox

/Non-bank competitors

Singapore regulator proposes fintech sandbox

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes.

/Non-bank competitors

Mexican lending platform Konfio raises $8m

Konfio, an online Mexican lending platform, announced a new round of investment for $8 million from the Accion Frontier Inclusion Fund managed by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures that will allow the lender to strengthen its operations, grow its user base, and adopt corporate best practices.

NYDFS subpoenas Lending Club over interest rates and fees - WSJ

/Non-bank competitors

NYDFS subpoenas Lending Club over interest rates and fees - WSJ

Lending Club's woes continue, with New York state's financial services regulator joining the Justice Department in investigating the online loan marketplace, according to the Wall Street Journal.

/Non-bank competitors

Wealthsimple launches portfolio review service for investors

Wealthsimple, Canada's leading online investment manager, has launched a free second opinion product for investors called Portfolio Review.

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