Marketplace Lending

Keeping up with all the comings and goings of the FinTech space is far from easy, but don't worry. We've got you covered with the deals that sent shock waves across the sector in the last week.

Indonesian lending platform AwanTunai has picked up $20m in a new raise led by Accial Capital.

Automated loan payment scheduling service EarnUp has received a $150,000 grant from social-impact investor Acumen America's COVID-19 Emergency Response Fund.

The US Department of Justice has announced Credit Karma must divest its tax business to Square, if it wishes to complete its $7.1bn acquisition by Intuit.

UpEquity, a mortgage platform that aims to improve the home purchasing experience, has closed its Series A round on $25m.

Virgin Money has partnered with FinTech company Trade Ledger to deliver a quicker, more user-friendly experience for business customers applying for lending.

Viva Republica, the Seoul-based FinTech company operating mobile financial app Toss raised $410m in fresh funding, which values the company at $7.4bn.

FUSE Autotech, a FinTech SaaS business platform raised $10m in a Series A funding round led by Target Global to improve the car buying process.

Qupital, which hopes to become the go-to digital financial institution for e-commerce sellers, has secured $150m in a combination of Series B funding round and a receivables-backed securitisation facility.

Buy Now, Pay Later (BNPL) services are becoming synonymous with debt. These services have come under fire for misleading consumers and putting vulnerable users at risk. Regulatory crackdown has loomed on the horizon for some time now, but what do BNPL companies have to say for themselves in the meantime?