Funding Societies said to raise $40m despite making staff cuts
Singaporean P2P lending platform Funding Societies has allegedly secured $40m in its Series C, despite the coronavirus forcing it to downsize.
KoinWorks raises $20m in a debt and equity round
KoinWorks, an Indonesia-based lending platform, has reportedly raised $20m in a funding round comprised of debt and equity.
Splitit boss lashes out against buy now, pay later rivals who “gauge and profiteer”...
The CEO of payment instalment startup Splitit has warned other buy now, pay later companies against trying to take advantage of vulnerable customers during the COVID-19 crisis.
FCA expects firms to freeze payments and to follow other financial relief measures to...
Last week the UK’s financial market regulator suggested a smattering of relief measures to protect people affected by the coronavirus. Now those measures have snapped into action.
How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Australia’s SocietyOne said to raise $15m in funding
Online lending platform SocietyOne has netted $15m in a new equity raise as it looks to further its growth.
Brazil P2P lending startup IOUU closes $1.3m round
IOUU, a peer-to-peer lending platform, has reportedly raised $1.3m in a funding round as it looks to develop several new products.
Elfin Market surges past crowdfunding target
Elfin Market, which is building a peer-to-peer lending credit card, has surpassed its initial crowdfunding target.
Funding Circle completes second US securitization
Funding Circle, a peer-to-peer lending marketplace for SMEs, has completed its $252m securitization.
Californian FinTech Migo bags $20m in new Series B round to tap into Latin...
San Francisco-headquartered FinTech Migo has announced that it has raised $20m in a new funding round.