Marketplace Lending

Marketplace Lending

Lending Express closes $2.7m round to support scaling operations in US, Australia

Lending Express, an AI-powered marketplace for business loans, has raised $2.7m in its latest funding round led by Entrée Capital and iAngels.

Black Dragon sells stake in Indus to Ebix for $29m

Private equity firm Black Dragon Capital has sold its share in Indus Software Technologies to Ebix, in a deal worth $29m.

EasyKnock picks up $3.5m seed, $100m debt financing

PropTech platform EasyKnock has netted $3.5m in its Seed round of funding and $100m through debt financing.

Fintech backer Wildcat Venture Partners on hunt for $120m second fund

Wildcat Venture Partners is looking to more than triple its funds under management by raising up to $120m for its second investment vehicle.

POS finaincng service Payright raises $27m in its Series D

Payright, a buy now and pay later service, has raised $27m in a Series D round to support the expansion of its loan book.

PayPal co-founder Max Levchin’s new company Affirm is apparently raising $1.5bn

The company may have raised a massive $300m Series F round in April, but it seems as if Affirm is reportedly looking to fill its coffers with another $1.5bn.

Starling bank becomes second challenger bank to raise overdraft fees for people with bad...

Hot on the heels of Monzo, Starling Bank has changed its overdraft fee rules on the back of a Financial Conduct Authority (FCA) decision.

48 FinTech funding rounds you missed in the last two weeks

The last two weeks have seen everything from huge $1bn investments rounds to undisclosed seed rounds. Let's check some of them out.

OakNorth unveils proprietary COVID-19 credit framework to support commercial lenders

The coronavirus has skewed the old way of rating loans, which is why UK challenger bank OakNorth has developed its COVID Vulnerability Rating (CVR) framework to rate the risk of loans.

Estonia’s Montonio reportedly raises €500,000 in pre-seed funding

Estonian FinTech platform Montonio, which lets users compare loans, has reportedly raised €500,000 in pre-seed funding.

News Stories

FBI

FBI gives disinformation warnings ahead of 2022 midterms

The FBI has warned of potential foreign influence operations that may spread disinformation to impact the results of the 2022 midterm elections in November.
Funding-rounds-FinTech

Lending companies shine in this week’s FinTech deals

This past week saw a diverse range of deals closed, lending companies fared particularly well in the highest value deals.
CMS

How to ensure compliance with new CMS requirements

The Centers for Medicare and Medicaid Services have implemented new electronic communications recording, disclosure and oversight rules. How can you stay compliant? 
Ali-FinTech-financial-health-rasies-$25m-offer-Brazilians-fair-credit

Ali secures $25m to offer Brazilians fair credit

Ali, a FinTech that partners with companies to offer financial health solutions for employees, has raises $25m in Series A funding.
Jiko-cash-management-raises-$40m-Series-B-T-bills

Cash management FinTech Jiko bags $40m

Jiko, a cash management FinTech, has raised $40m in Series B funding to empower businesses of all sizes to store their cash in higher yielding spendable T-bills.

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