Marketplace Lending

Marketplace Lending

Prosper looks to new CEO amid tough year for P2P lenders

There’s change coming at the top of online lender Prosper Marketplace with CEO Aaron Vermut leaving the company at the end of the month.

After a tough year for lending Prosper signs $5bn deal

After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.

Hong Kong-based Qupital lands Alibaba funding

Alibaba Entrepreneurs Fund is making its first FinTech investment in backing Hong Kong-based invoice financing platform Qupital's Seed round.

SME lending platform Kabbage bags $250m

SME lending platform Kabbage has received a $250m investment from a subsidiary of SoftBank Group.

SME lending platform Kabbage is raising $161m

Kabbage, an SME lending platform, is in the process of raising $161m according to a filing with the Securities and Exchange Commission. The firm appears...

SME lender Kabbage lands $200m from Credit Suisse

Kabbage, an SME lending platform, has landed $200m from Credit Suisse to expand its AI-based business loans.

OptaCredit secures $4m credit facility from DMI Finance

India-based OptaCredit has secured a $4m credit facility from DMI Finance to support the support its existing offerings.

Blender said to close $16m debt and equity round

Israel-based P2P lender Blender has reportedly closed a $16m round comprised of debt and equity.

Figure said to raise $50m led by DST, Ribbit

Figure, a credit provider for home improvements, has reportedly raised $50m in funding.

Online lending platform LoanTap said to raise $6.25m in funding

India-based online lending platform LoanTap has reportedly collected $6.25m in a funding round led by Shunwei Capital.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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