Fundation lands $100m credit facility from Goldman Sachs
Small business lending startup Fundation has secured a $100m asset-backed credit facility from Wall Street giant Goldman Sachs.
LendUp raises $47.5m to expand credit card offering
Online lending and credit startup LendUp has raised $47.5m in a Series C round led by Y Combinator’s Continuity growth fund.
Camino grabs $2m for Hispanic-owned business lending
Online credit marketplace Camino has raised $2m in a new round of venture funding. The investment was led by Collaborative Fund and Hunt Holdings with Comcast Ventures and Impact America also contributing.
Clara grabs $27m for mortgage lending
California-based mortgage lender Clara has raised $27m in a round of venture funding led by Redpoint Ventures and Venrock.
US lender loanDepot reels in $150m in term debt financing
loanDepot, which claims to be the second-largest nonbank consumer lender in the US, has landed $150m in term debt financing.
Lendified grabs $20m credit facility to fund small businesses loans
Canadian small-business lender Lendified has secured senior debt for a new credit facility of up to $20m to underwrite loans.
Avant secures $255m and $392m deals for online loans
Online lender Avant is unveiling a $255m asset-backed securitisation deal with investment banks, as well as a renewal of its $392m warehouse facility deal
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
SoFi settles lawsuit with $2.4m fine
Online lender SoFi (Social Finance) is settling a class-action lawsuit by paying a $2.4m fine.
Faircent takes $1.5m for Indian peer-to-peer loans
Peer-to-peer lending firm Faircent says it’s attracted more than 6,000 registered lenders and 26,000 borrowers.
