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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

Europe Fintech News Roundup

·Aug. 3, 2017

ID Finance Partners with Da Vinci Capital for Fintech Fund

ID Finance will collaborate with Yuri Popov and asset manager Da Vinci Capital to launch the FinTech Credit Fund; estimated fund value is $200 million with debt financing focused on fintech and alternative lending; ID Finance is a growing fintech firm with three businesses: MoneyMan, Ammopay and Solva. Source

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Europe News Roundup Online Lending

·Aug. 3, 2017

RateSetter Launches New Business Hire Purchase Loans

Firm says the platform is the first to introduce hire purchase loans for businesses; the firm has developed the product in collaboration with former wholesale lending partner Corporate Asset Solutions who will serve as a distribution channel; RateSetter will take full security over the specified asset and the platform says its hire purchase agreements will range up to GBP750,000 ($993,000). Source

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Europe News Roundup Online Lending

·Aug. 3, 2017

July International P2P Loan Originations

P2P-Banking.com has released international lending volumes for July; Zopa topped the list with originations of EUR119.6 million ($USD141.9 million) for the month; report includes a number of milestones including cumulative lending of GBP2.5 billion ($3.28 billion) for Zopa and GBP2 billion ($2.63 billion) for RateSetter; the report does not include data from US P2P lending platforms. Source

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Europe News Roundup Online Lending

·Aug. 3, 2017

MarketInvoice Reports Record Trading Day

UK invoice financing platform MarketInvoice reported a record day of transactions this week; the platform transacted GBP4.1 million ($5.38 million) in invoice advances to UK businesses; the firm's MarketInvoice Pro product has been a factor supporting increased lending volumes on the platform with the new product offering an open funding line for businesses. Source

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Europe News Roundup Online Lending Real Estate

·Aug. 3, 2017

New Real Estate Platform Launches

Blend Network is a UK-based company, offering asset-backed property loans to retail, high net worth and institutional investors; officially launching loans on the site two weeks ago, the firm has raised GBP350,000 ($460,115) from a small network of investors; loans are expected to offer between eight and 15% with a minimum investment of GBP1,000 ($1,315); loans are introduced by F&P who acts as a sponsor in the P2P sector; the firm introduces borrowers to a wide variety of lenders and currently works with platforms such as ThinCats. Source

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Asia/Pac News Roundup Online Lending

·Aug. 3, 2017

China Development Bank Works with Tencent to Provide Students Loans

Tencent, with advantages in cloud computing, big data, social networking, and mobile payments, will cooperate with China Development Bank to provide students loans; China Development Bank is a "policy financial institute" under the State Council; the bank covers over 90% of the student loans market. Source (Chinese)

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Fintech News Roundup

·Aug. 3, 2017

CB Insights Discusses Q2 2017 Trends in Fintech

Webinar provided a comprehensive overview of funding for fintechs; gave a fintech investment summary for the US, Europe and Asia; included detailed funding levels for insurtech, wealthtech and blockchain/bitcoin. Source

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Asia/Pac Fintech News Roundup

·Aug. 3, 2017

Marketplace Lender Blackmoon Launches Ethereum Platform for Tokenized Investment Vehicles

Russian marketplace lender Blackmoon has launched Blackmoon Crypto for tokenized investment vehicles; seeks to support management of tokenized funds; Blackmoon Crypto is incorporated in Singapore; it will not initially be partnering for US investments however the firm is applying for a broker dealer license in the US. Source

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Asia/Pac News Roundup Online Lending

·Aug. 3, 2017

India’s Lendingkart Raises $10mn

The Indian online lending platform has closed a $10 million debt funding deal with investment from Kotak Mahindra Bank, Aditya Birla Financial Services and other financial institutions; follows other recent capital investments; firm plans to use the funds to support its loan book and expand to 700 cities; its platform originates loans ranging from Rs 1 lakh ($1,570) to Rs 40 lakh ($62,817) with interest rates of 16% to 24% and provides loan funds within three days. Source

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News Roundup North America Online Lending

·Aug. 3, 2017

Lending Loop Raises $2mn and Launches Auto-Lend

The marketplace lending platform has facilitated over $7 million dollars in financing to small businesses in Canada; it currently has over 9,500 investors; Auto-Lend will allow investors to automate investing on the platform through pre-set or customized strategies. Source

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