Tag: lending

Mexico-based Konfio has reportedly reached the unicorn status, after a $125m funding round brings its valuation to $1.3bn.

Prodigy Finance, which helps students access international student loans, has reportedly collected $750m in a funding round.

India-based buy now pay later solution ePaylater has reportedly raised $10m in a new funding round.

Self Financial, which helps consumers build credit and savings, has netted $50m in its Serie E funding round

TomoCredit, a credit card that helps first-time borrowers build a credit history, has collected $10m in its Series A round.

India-based Easiloan.com, which leverages AI to support the process of getting a mortgage, has closed its first institutional investment round.

P2P lending startup Plend has collected £700,000 in pre-seed funding, which it hopes will disrupt the $24bn lending market.

Research by accountancy and advisory business BDO has found lending by challenger banks in 2020 reached a record high of £143bn – a hike of 11% on 2019.

Open banking could help lenders save around 18,000 work hours each year, as well as reduce the costs of processes, according to a study from Yolt Technology Services.

Invoier, a marketplace for trading invoices, has received a €4.1m investment from the European Innovation Council (EIC) Fund.