FinTech News

In the wake of Prosper’s $5bn loan financing deal, there’s further positive signs for the online lending space with Upstart raising $32.5m in its Series D round.

Indian digital lending and financial wellness startup CreditMantri has raised $7.6m in its Series B round. The investment was led by Quona Capital.

Digital challenger bank Monzo has blasted through its £2.5m crowdfunding target in less than four hours of opening pre-registration for the campaign.

Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit.

Challenger bank Tandem is set to receive a £35m investment form UK department store firm House of Fraser.

Financial agreement automation platform Dealflo has picked up £10m in a Series B round led Holtzbrinck Ventures. Existing backer Notion Capital also participated alongside Frog Capital.

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.

Lending disruptor SoFi has landed $500m in a new haul of funding led by private equity investor Silver Lake. Softbank and GPI Capital also participated in the Series F round.

Silicon Valley and Singapore-based VC firm K2 Global has closed its new fund with $183m to invest across Asia and the US.

Accounting software provider MYOB is expanding its payments capabilities with the acquisition of Paycorp for A$48m ($36m).