BlueVine snags $75m credit line from Fortress Credit
Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit.
After a tough year for lending Prosper signs $5bn deal
After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.
Zopa becomes first P2P lender to pass £2bn milestone
London-based peer-to-peer (P2P) lending company Zopa has become the first in the UK market to surpass £2bn in loans. It has facilitated 300,000 loans since launching 12 years ago.
Citizen Bank partners with Fundation to offer SME loans
Citizens Bank will introduce digital lending to small business customers through a partnership with alternative lending startup Fundation.
Alipay partners with Zapper for UK payments
Chinese mobile payments service Alipay is partnering with UK consumer insights and marketing platform Zapper.
Square Capital expands beyond payments customers
Square is expanding its loans offering to small businesses outside of its payments processing ecosystem.
CloudPay partners with Ramco for multinational payrolls
CloudPay is partnering with Indian enterprise software maker Ramco Systems to bring cloud-based payroll systems to more multinational organisations.
FEXCO to bring mobile cash withdrawals to the Philippines
Irish financial technology provider FEXCO is partnering with Manila-based Electronic Network Cash Tellers (ENCASH) to bring mobile cash withdrawals to the Philippines.
Santander UK forges alt-financing partnership with Crowdfunder
Banking giant Santander’s UK operation is partnering with alternative financing site Crowdfunder to provide £200,000 to community projects through the bank’s Changemaker Fund.
LendUp fined $3.6m for dodgy loans
Payday loans startup LendUp is being made to pay $3.6m by the Consumer Financial Protection Bureau for widespread violation of payday and instalment laws.
© FinTech Global © Copyright 2024. All rights reserved.
