BlueVine snags $75m credit line from Fortress Credit
Small business lender BlueVine has picked up $75m in a warehouse credit line from investment management firm Fortress Credit.
After a tough year for lending Prosper signs $5bn deal
After a tough year for the online lending market and a change of CEOs, peer-to-peer marketplace Prosper has secured a deal with a consortium of investors for up to $5bn worth of loans.
Banker’s Toolbox buys Integra Systems for OFAC file scanning tech
Banker’s Toolbox, a provider of AML compliance solutions, has purchased Integra Systems to add OFAC file scanning technology to its product suite.
Verisk Analytics buys Bangalore-based RegTech Fintellix
Fintellix, a Bangalore-based provider of compliance solutions for the banking sector, has been purchased by Verisk Analytics.
Zopa becomes first P2P lender to pass £2bn milestone
London-based peer-to-peer (P2P) lending company Zopa has become the first in the UK market to surpass £2bn in loans. It has facilitated 300,000 loans since launching 12 years ago.
Seedrs sees £85m invested in record year
Equity crowdfunding platform Seedrs is reporting a record year for the company with more than £85m invested into 158 deals on the platform.
Funding Circle gets an extra £40m from UK gov to lend
UK peer-to-peer lender Funding Circle is expanding its partnership with the government-run British Business Bank Investments and receiving £40m to lend to small businesses.
Citizen Bank partners with Fundation to offer SME loans
Citizens Bank will introduce digital lending to small business customers through a partnership with alternative lending startup Fundation.
Alipay partners with Zapper for UK payments
Chinese mobile payments service Alipay is partnering with UK consumer insights and marketing platform Zapper.
Santander UK forges alt-financing partnership with Crowdfunder
Banking giant Santander’s UK operation is partnering with alternative financing site Crowdfunder to provide £200,000 to community projects through the bank’s Changemaker Fund.
