Marketplace Lending

The Monetary Authority of Singapore (MAS) has introduced a RegTech grant scheme and an enhanced digital acceleration grant (DAG) program to boost tech use in the financial sector.

Lendistry, a small business loan platform, has scored a $1.5m investment from Comerica Bank, which will help it increase its loan balance.

LenderClose, a digital lending platform, has closed its Series B round on an eight-figure sum.

FinTech company OneConnect has teamed up with Union Bank of the Philippines (UnionBank) and Sinar Mas Multi-finance, a subsidiary of Sinar Mas Multiartha, to launch two new lending platforms in South-East Asia.

Invoice finance solution for SMEs Advantedge Commercial Finance has acquired Wales-based Henry Howard Cashflow Finance.

There’s change coming at the top of online lender Prosper Marketplace with CEO Aaron Vermut leaving the company at the end of the month.

Village Capital and PayPal have chosen 12 startups to take part in their first FinTech accelerator in Sub-Saharan Africa.

Solaris, a prominent figure in the German FinTech sector, is experiencing hurdles as it tries to garner the necessary funding, casting shadows over its capability to fulfil a pivotal credit card agreement for ADAC, Europe’s leading motorists association. This situation hints at emerging challenges in the European FinTech domain.

Online lenders are growing their presence in Washington with the hire of lobbyist Nat Hoopes to lead the Marketplace Lenders Association.

Camino Financial, a startup leveraging data to offer small business loans, has closed its Series A round on $8m.