Online loan platform LendingPoint secures $125m preferred equity from Warburg Pincus

Online loan platform LendingPoint has secured a $125m preferred equity investment from private equity firm Warburg Pincus.

Blend hits $3.3bn valuation nearly doubling in five months

Digital lending platform Blend has scored $300m in its Series G round, helping to nearly double its valuation to $3.3bn in just five months.

Malaysian P2P platform microLEAP scores $3.26m in funding

Malaysia-based P2P lending platform microLEAP said to close RM13.25m ($3.26m) in a new financing round, which was supplied by MAA Group.

Capchase said to close $60m through a asset-backed credit facility

Capchase, which offers a SaaS and recurring revenue financing platform, has reportedly bagged $60m in an asset-backed credit facility.

Sharia-compliant FinTech platform Alami said to raise over $20m in funding

Sharia FinTech platform Alami Technologies has allegedly raised more than $20m in a mixture of debt and equity.

Indian e-commerce unicorn Udaan increases its valuation to $3.1bn after fresh funding

India-based business-to-business e-commerce platform Udaan has reportedly increased its valuation to $3.1bn after the close of a $280m Series D round. Capital was supplied by...

Divvy secures $1.6bn valuation on the back of $165m Series D

Expense management platform Divvy has closed a $165m Series D round at a valuation of $1.6bn.

Farmer neobank Oxbury to launch on the back of $15m round

Agriculture-focused challenger bank Oxbury has secured £15m in new funding as it is preparing to officially launch later in January.

Affirm completes the acquisition of fellow buy now, pay later platform PayBright

Buy now, pay later company Affirm has completed the acquisition of fellow point-of-sale lending solution PayBright.

Mobile-based crypto lending app Vauld said to close $2m in funding round

Cryptocurrency management platform Vauld has reportedly scored $2m in a funding round led by Pantera Capital.

News Stories

What wealth managers should look for when digitising client relationship management

Digitalisation of client relationship management is now a critical part of wealth management and firms need to automate admin tasks to foster engagement, according to WealthObjects CEO and founder Uday Bhaskar Nimmakayala.

Payments platform PPRO reaches unicorn status after funding round

Local payments platform-as-a-service PPRO has hit the unicorn status, after a $180m funding round puts its valuation to more than $1bn.

Australian FinTech funding set a new record despite deal activity plummeting amid extended lockdowns

Australian FinTech achieved another record year, but medium-sized businesses found it harder to attract investors as Covid-19 swept across the nation.

Accounting platform Trovata collects $20m in its Series A funding round

Open banking platform Trovata has reportedly collected $20m in its Series A funding round, which was led by Wells Fargo Strategic Capital.

Don’t forget to update your permissions warns the FCA

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.
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