Singaporean P2P lending platform Funding Societies has allegedly secured $40m in its Series C, despite the coronavirus forcing it to downsize.
KoinWorks, an Indonesia-based lending platform, has reportedly raised $20m in a funding round comprised of debt and equity.
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.
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.
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Online lending platform SocietyOne has netted $15m in a new equity raise as it looks to further its growth.
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, which is building a peer-to-peer lending credit card, has surpassed its initial crowdfunding target.
Funding Circle, a peer-to-peer lending marketplace for SMEs, has completed its $252m securitization.
San Francisco-headquartered FinTech Migo has announced that it has raised $20m in a new funding round.