Online Loans

Boro, a lending platform for students, has closed its Series A round on $12m as it looks to reach more states in the US.

Artis Technologies, an API solution developer, has closed its seed round on $1.5m, but is looking to raise more capital later in the year.

India-based business lending platform Indifi has reportedly collected $5m in debt financing from IndusInd Bank.

Swedish buy now pay later (BNPL) juggernaut Klarna has launched its Comparison Shopping Service (CSS) in 21 markets across Europe.

US-based financial inclusion technology company Mercury Financial has closed a $400m warehouse facility.

Microfinance platform Annapurna Finance has reportedly raised $15m in a Series A2 round, to improve access to loans.

UK-based FinTech kennek, which aims to streamline operations for lenders, has raised $4.5m in its pre-seed round.

Jenius Bank, the digital banking arm of Manufacturers Bank, a state chartered commercial bank based in California and wholly owned subsidiary of SMBC Americas, a member of the global powerhouse SMBC Group, has announced the release of its very first consumer product – personal loans.

Canada-based Levr.ai, the cutting-edge intelligent loans software platform, has successfully raised an additional $1m in seed funding, building on its previous fundraising efforts which have now totalled over $2.5m.

LoanTap, a Mumbai-based online lender, has raised $3m in a Series A round. The capital comes from angel investors.