Square Capital expands beyond payments customers
Square is expanding its loans offering to small businesses outside of its payments processing ecosystem.
Fusion Microfinance scores $24m for small loans
Fusion Microfinance, an Indian startup focusing on providing loans to women in underserved areas, has raised $24m in a Series D round.
Finova racks up $52.5m in VC-backed financing round
FinTech startup Finova Financial, which runs an auto title lending platform, has raised $52.5m in debt and equity from venture capital and other investors.
CUneXus grabs $5m for lending automation
CUneXus, a consumer lending automation solution, has raised $5m in a Series A round.
Lending Club’s losses grow as CFO resigns
Following the ousting of its former CEO Renaud Laplanche, peer-to-peer marketplace Lending Club continues to struggle, posting widening year-on-year losses for Q2 2016.
Kubo.finance takes $7.5m for Mexican peer-to-peer loans
Kubo.financiero, a Mexican peer-to-peer lending platform, has raised $7.5m in its Series A round of funding.
TIAA buys online lender EverBank $2.5bn
Financial service firm TIAA is acquiring online lender EverBank for $2.5bn, as the firm seeks to build out its banking services.
CreditEase expands VC team for FinTech investments
Chinese peer-to-peer lending firm CreditEase is expanding its VC team with the hire of the former global CIO at Standard Charter Bank, Anju Patwardhan.
Bigstone swipes $3m to connect small businesses and investors
Australian small business-lending marketplace Bigstone has raised $3m in funding. The capital comes from private equity firm CVC.
Prosper in talks to sell $5bn worth of loans
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.
