FlexiLoans takes $15m for SMEs loans
Indian online lending platform FlexiLoans has raised $15m in a new round of funding from angel investors.
Smava scoops up $34m for online loans marketplace
Berlin-based lending marketplace Smava has raised $34m in a Series C round of funding. The investment was led by Runa Capital.
LendUp fined $3.6m for dodgy loans
Payday loans startup LendUp is being made to pay $3.6m by the Consumer Financial Protection Bureau for widespread violation of payday and instalment laws.
UangTeman pulls in funding to process more micro-loans
Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding.
AvantCredit get thumbs up from UK regulator
AvantCredit is getting the green light from UK regulators with the FCA now fully authorising the online lender.
SoFi launches employees benefits programme SoFi at Work
Social Finance (SoFi) is expanding its offering to include employee benefits and financial wellness programme SoFi at Work.
Westpac pumps $16.5m into three-month old mortgage startup
Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.
Cermati takes $1.9m for financial service discovery
Indonesian financial services comparison site Cermati has raised $1.9m in its Series A round. The investment was led by East ventures with existing backer Beenos Partners also participating.
SoFi looks to raise $500m in new funding
Social Finance (SoFi) is hoping to shake off the recent slump in the online lending space and raise half a billion dollars in a new equity round, according to reports.
WeLab lands $25m credit facility for online loans
WeLab is proving that despite negative press and tough new regulations in the region, investors still see big potential in the space landing a $25m credit facility note from Dutch bank ING.
