News
Fintech lender Kreditech raises €10m
Kreditech, a Germany-based consumer finance firm, has closed a €10m fundraise from Japanese internet services company Rakuten. Kreditech’s existing investors include J. C. Flowers and the World Bank’s International Finance Corporation.
ApplePie Capital Signs Deal With Large Bank
Fifth Third Bancorp has invested in small business lender ApplePie Capital.
PF 2017
Dear friends. The end of the year is fast approaching and while it is time to enjoy the holiday spirit with friends and family, it is also a time to reflect on the year gone by. We can truly say that 2016 was an exciting year for Žltý melón, filled with both successes and positive changes.
MoneyLion raises $22.5m war chest in series A round
The personal finance and lending platform has raised new capital to fuel its future growth in a new round led by Edison Partners.
Lemonade Closes $34 Million Round
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a $34 million B round. The funding was led by General Catalyst with participation from GV (formerly Google Ventures), Thrive Capital and Tusk Ventures, as well as existing investors Aleph, Sequoia, and XL Innovate.
Big Society Capital announces partners for £10m Crowd Match Fund
Big Society Capital selects ThinCats, Crowdfunder and Ethex as distribution partners.
New $100m Lending Club securitization
US marketplace lending giant Lending Club will dip its toe back in the securitization market with a $101.75m consumer loan ABS transaction from the Lending Club Issuance Trust.
P2P market worth $10bn per year by 2020, suggests study
A study of the global online lending and crowdfunding market by Juniper Research suggests a doubling of revenues in the coming three years.
McKinsey thinks fintech is about to enter a period of massive change
New report from McKinsey – who are active in the fintech space – says its rapid maturation in recent years is prompting the industry to enter a new phase of development.
Real estate lender PeerStreet raises $15m
Real estate lending platform PeerStreet clinches $15m Series A led by Andreessen Horowitz.