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.

PayU, a payments provider owned by South African multinational Naspers, is acquiring Indian payments and mobile banking service Citrus Pay.

Derivatives processing business truePTS, a spinout of digital trading platform operator trueEX, has appointed Zohar Hod as its CEO.Hod is joining the company from Intercontinental Exchange (ICE) where he most recently was global head of technology and data sales.TruePTS has seen trading volumes more than triple to $3.2tn over the fiven months from January to May 2016, compared with the same period...

San Francisco-based startup Bunker has raised $2m in a Seed round backed by Comcast Ventures, Route 66 Ventures, Hiscox and American Family Ventures.

Danish blockchain payments service provider Coinify has landed $4m in a Series A round. The investment comes from Sweden’s SEB Venture Capital and SEED Capital Denmark.

German online bank Fidor Bank has been acquired by Groupe BPCE, France's second-largest banking group. The price of the deal is undisclosed.

Legal & General Investment Management (LGIM) has invested in UK startup Smart Pension, which manages a digital auto enrollment platform.

Hong Kong-based regulated cryptocurrency trading platform Gatecoin is attempting to bounce back from a crippling hack with a $500,000 investment from an unnamed Japanese investment group.