Lending Club’s losses grow as CFO resigns
Following the ousting of its former CEO Renaud Laplanche, peer-to-peer marketplace Lending Club continues to struggle, posting widening year-on-year losses for Q2 2016.
Kubo.finance takes $7.5m for Mexican peer-to-peer loans
Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.
SoFi looks to raise $500m in new funding
Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports.
TIAA buys online lender EverBank $2.5bn
Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.
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.
Bigstone swipes $3m to connect small businesses and investors
Australian small business-lending marketplace Bigstone has raised $3m in funding. The capital comes from private equity firm CVC.
Prosper in talks to sell $5bn worth of loans
Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.
FlexiLoans takes $15m for SMEs loans
Indian online lending platform FlexiLoans has raised $15m in a new round of funding from angel investors.
Financeit grabs $17m to fund TD Bank acquisition
Point-of-sale financing provider Financeit has raised a $17m round of funding led by The Pritzker Organization and DNS Capital.
Trooly gets $10m to bridge ‘trust gap’ in P2P marketplaces
Fintech startup Trooly has raised $10m in a Series A funding round led by Bain Capital Ventures and Milliways Ventures to launch its new Instant Trust product.
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