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.
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- Trustly partners with Emric, part of Tieto
- Disruptive lending technology to assess applicants on verified income - The ID Co.
- Mintos marketplace exceeds 35,000 investors
- Creditshelf Announces Results of New SME-Study at LendIt Europe 2017 Conference
- Global Online Lender Issues €120M In Credit Lines to SMEs - Spotcap
- LendIt Launches the BlockFin Summit
- Digital Dunning and Debt Collection: collectAI manages 25m Euro in Receivables
- Afluenta Celebrates Its Fifth Anniversary by Adding Commercial Loans to a New and Smarter Platform
- Crowdvouching service Suretly, raised $2.8 mln in August, is launching beta version in 6 weeks
- Oakam Accelerates Financial Inclusion in the UK with Alternative Data
- Linked? ?Finance? ?Launches? ?Pension? ?Investment? ?Product
- ArchOver Headed for a Record Year of Lending
Lending Club announces Q3 earnings on November 7th; LendingRobot provides a review of past quarters including comments on regulation, revenue and loan performance; shares three things they are looking for in the next release including results from corrective actions, a clear path forward for 2017 and a hint of something new. Source
On Prosper there is one selection criteria that I had all but...
There has been a price war going on in the ETF market...
Marketplace lending has evolved from personal loans to numerous verticals; Prime Meridian Capital Management discusses real estate lending and investment opportunities it offers in comparison to other real estate products; provides examples of platforms including ShareStates, Patch of Land, Realty Mogul, LendingHome and Money360; gives details on loans and the investing process for real estate platforms. Source
India-based platform, KredX, who focuses on providing short-term working capital to blue-chip companies, has raised a Series A round; Sequoia Capital has joined existing investor Prime Venture Partners in the round; company was founded in 2015 and has facilitated 3,000 transactions ranging from Rs 1 lakh to Rs 1 crore (approximately $1,600 to $214,000); company views invoice discounting market opportunity at $100 billion. Source
Donna Parisi is head of finance and fintech at Shearman & Sterling;...
An article in the FT shares examples of businesses that have not...
ProducePay was previously a LendIt PitchIt finalist; the company provides an online financing platform for farmers of perishable goods; they recently announced a $77 million debt and equity funding round that will help it expand its business financing. Source