How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
Brazil-based Nexoos said to raise $530k pre-Series A
Brazil-based P2P SME lender Nexoos has reportedly raised around $530,00 in pre-Series A funding.
JP Morgan team with DBS, Temasek to launch joint payments firm
JP Morgan has partnered with DBS Bank and Singapore government-owned firm Temasek to introduce a new joint payments company.
CapBay said to close Series A on $20m
Peer-to-peer financing platform CapBay has reportedly raised $20m in its Series A round, which was supported by Singapore-based venture firm KK Fund.
Blend bags $75m and nearly hits the $1.7bn valuation mark
Lending solutions provider Blend has picked up a valuation close to $1.7bn on the back of a $75m funding round and is now planning to solve banks' Covid-19 problems.
UK bank 3S Money raises £3m to boost hiring, business expansion
UK banking platform 3S Money has raised £3m from a Series B funding round and has hit a £40m valuation.
Linked Finance secures €1m funding to support local companies
Ireland-based crowdfunding platform Linked Finance has reportedly secured over €1m for Waterford-based businesses.
P2P lender Furongbao said to close Series B on $120.6m
China-based P2P lender Furongbao has reportedly closed its Series B round on $120.6m from an unnamed investor.
CreditEase expands VC team for FinTech investments
Chinese peer-to-peer lending firm CreditEase is expanding its VC team with the hire of the former global CIO at Standard Charter Bank, Anju Patwardhan.
Lendingkart raises $30m in Series D financing round
The Indian FinTech company Lendingkart has raised $30m in a new investment round, claiming that the total money injected into the business now reaches $143m.
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