Tagged: international finance corporation

Huge: Mobile Lending Company WeLab Raises $220 Million with Backing from Alibaba

One of the fastest growing Fintech’s in China has raised USD $220 million. WeLab, a Hong Kong-based mobile lending platform founded in 2013, has closed funding round of $220 million including both strategic debt and equity funding with the backing of Alibaba Hong Kong Entrepreneurs Fund,… Read More

The Monetary Authority of Singapore & the International Finance Corporation Join in Fintech Cooperation

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

Afluenta Secures $8M During Series B Funding Round From International Finance Corporation & Elevar Equity

On Thursday, Argentina-based peer-to-peer (P2P) lending platform, Afluenta, announced it has secured a total of $8 million during its recent Series B funding round. Funds raised from the round were from International Finance Corporation (IFC) and Elevar Equity (each invested $4 million). Afluenta previously stated that… Read More

Beehive to launch first peer-to-peer lending platform for SMEs in UAE

Dubai-based Beehive officially launched the region’s first peer-to-peer (P2P) online lending platform today, offering a new funding alternative for small to medium sized enterprises (SMEs). Beehive’s online platform is easy to use and offers a marketplace that directly connects established businesses with smart investors so… Read More

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