Cloudvirga Raises $50M in Series C Funding Student Loan Genius Raises $3.5M in Seed Series Prime Financing HSBC Partners with...
Atom Bank has raised $102 million in new capital from Spanish bank BBVA who also led a previous funding round in 2015; the company plans to use the funding for business and product development including lending services; the digital bank's current products include: Fixed Saver accounts, mortgages, and secured loans for small and medium-sized businesses; the company is also reportedly working on another funding round and is currently valued at approximately $320 million. Source
Martins Sulte founded Mintos in 2015, a platform which is leading the way in the EU; they focus largely on...
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
Short-term marketplace lender 4Finance has originated over 4 billion euros ($4.27 billion) in loans with 1.1 billion euros ($1.17 billion) in 2016; the firm is based in Latvia and was founded in 2008; it currently offers balance sheet lending activities in 17 countries. Source
Funding Circle has reported cumulative originations of over 2 billion British pounds in P2P loans since its launch in 2010; it is the largest online marketplace for small business loans and has been originating approximately 100 million British pounds a month since November; its cumulative loan originations are currently just slightly less than Zopa which surpassed 2 billion British pounds in January and was the industry's first platform to launch in 2005. Source
As economic conditions worsen, Nucleus has launched Pulse, providing SMEs with critical insights on their business health.
The UK’s financial watchdog, the Financial Conduct Authority, issued a warning to investors regarding initial coin offerings (ICOs); in particular they warned of the “high risk, speculative” nature of the new capital raising method; financial regulators worldwide have begun cracking down on ICOs in recent months, China has banned them and the SEC in the US issued a similar warning as the UK. Source
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of promised returns from p2p lenders in the UK...
P2P-Banking reports that the bank ING Diba has acquired the marketplace lender Lendico; the company had challenges in Germany where it is based and also had shifted from consumer to SME Lending. Source