Other Lending

Turno, which offers loans to buy electric vehicles, has launched out of stealth after closing a $3.1m funding round.

Oikocredit, a social impact investor, has deployed a $5m loan into Yellow, a pay-as-you-go off-grid solar solutions and appliances provider.

Finova, the UK's foremost cloud-based mortgage and savings software provider, has entered into a strategic alliance with Hexaware, a global technology and business process services powerhouse. This partnership is a significant move in the FinTech industry, aiming to revolutionize the mortgage and savings sector.

Healthcare financing platform Finrise has raised $5.4m in a debt and equity seed round. The funding was led by Mayfield with NFX Guild, WTI Holdings and angel investors also investing.

Janalakshmi Financial Services has secured around $161m (INR 1030 crores) in its latest funding round led by TPG.

Invoice financing platform Investly has surpassed its initial crowdfunding goal of £500,002.

Payday lender Wonga has reportedly raised £10m in a new round of funding to help it fund compensation claims.

The VC arm of American Express and the Healthcare of Ontario Pension Plan (HOOPP) were among backers of a $70m Series C round for US digital mortgage lender Better Mortgage.

London-based FinTech Funding Xchange has secured ?8m in a new funding round, leaving the door open for the company to accelerate the development and rollout of new solutions.

Planet42, which offers consumers a rent-to-buy vehicle rental, has reportedly netted €2.2m in a funding round.