Struggling business lender OnDeck acquired by Enova in $90m deal

Online lender Enova International is acquiring struggling rival OnDeck Capital in a deal worth $90m.

Australia-based HashChing receives $700k from NSW

Australia-based home loan marketplace HashChing has received a $700,000 loan from Jobs for NSW.

Mortgage comparison app Morty nabs $25m in its Series B

Online mortgage marketplace Morty has netted $25m in its Series B funding round, as it looks to enhance its product development.

Klarna unveils new comparison shopping service across European markets

Swedish buy now pay later (BNPL) juggernaut Klarna has launched its Comparison Shopping Service (CSS) in 21 markets across Europe.

HSBC, Avant partner to launch digital lending solution

HSBC Bank is looking to launch a digital lending solution through the support of Avant’s Amount solution.

LoanPro collects $100m in growth equity as it gears up for expansion

SaaS-powered loan management platform LoanPro has scored $100m in growth equity as it looks to move into new verticals.

Credit Mantri said to raise around $8m in new funding round

India-based Credit Mantri has reportedly collected INR 6 crore ($800,000) from IDG Ventures, Elevar Equity and Accion.

2021 Christmas spending fuels ever-growing BNPL debt bubble for consumers

After it was revealed UK consumers racked up £3.3bn in buy now, pay later (BNPL) debts over Christmas 2021, a study by Credit Karna has found a growing debt bubble amongst customers.

LendUp fined $3.6m for dodgy loans

Payday loans startup LendUp is being made to pay $3.6m by the Consumer Financial Protection Bureau for widespread violation of payday and instalment laws.

CASHe said to close debt financing on around $3m from IFMR Capital

Personal lending platform CASHe has reportedly closed a debt financing round of around $3m from IFMR Capital.

News Stories

LogRock closes $3.5m in its sees round

LogRock, a compliance solution for the trucking sector, has closed a seed funding round on $3.5m.

The 4 trends specialty insurers should be watching

The insurance sector is in a period of seismic change, but what are the real trends specialty insurers should be taking note of.

US leads the way in this week’s 35 FinTech deals

This week saw 35 deals take place, coming from a range of sectors. The USA, however, dominated the highest value deals.

Institutional investors spend an average of $1.3m annually related to ESG data

Institutional investors are spending an average of $1.3m annually to collect, analyse and report climate data to inform their investment decisions, according to a study from ERM.

Philippines’ central bank proposes sustainable investing guidelines

The Bangko Sentral ng Pilipinas (BSP) has put forward guidelines for banks’ integration of sustainability principles in their investment activities.

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