Marketplace Lending

Brazilian FinTech company Blipay, which aims to improve financial services experiences, has reportedly raised $6.7m in a debt financing round.

AXA Venture Partners (AVP), a global venture capital firm specialising in high-growth, technology-enabled companies, announced the launch of a new strategy, targeting late-stage tech companies with a €1.5bn fund.

Improving the customer experience has become one of the biggest priorities for financial services. In fact, 63% of firms place customer experience as their number one focus as they try to meet the evolving demands of their customers. Lending is one area of finance where the fight to provide the best customer experience is really heating up. Many have even dubbed it as the next major battlefield.

Madrid-based FinTech company, Fence, has raised €1.8 million in its pre-seed financing round.

Yenmo, a FinTech startup providing instant loans against mutual funds, has successfully completed its latest funding round, securing $500,000 from the Silicon Valley-based startup accelerator, Y Combinator, according to a report from Business Standard.

Assetz Capital, a UK-based P2P lender for SME finance, has smashed its Seedrs target by 50 per cent.

P2P lending platform SoLo Funds has reportedly collected $10m to support the expansion of its presence in the US.

Square is expanding its loans offering to small businesses outside of its payments processing ecosystem.

Alibaba Entrepreneurs Fund is making its first FinTech investment in backing Hong Kong-based invoice financing platform Qupital's Seed round.

Cerberus Capital Management has acquired a majority-stake in equipment finance solution provider Axsesstoday.