The European P2P platform specializing in short-term investments and founded and owned by entrepreneur Sergey Sedov, Robo.cash marked the start of the Q4 2017 with a record growth of its investors’ number by having attracted 32% more the average figure and came closer to hitting… Read More
NYC-based Consumer lender Versara Lending has acquired the personal loan marketplace lender Peerform aiming to grow its prominence in the consumer lending space. Peerform will now operate out of the Versara Lending offices. At this writing, specific details of the deal are unavailable. “This acquisition allows Versara… Read More
China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More
DriverUp, an online marketplace for automotive financing, announced its $20 million Series B round closing. The DriverUp marketplace gives accredited investors an opportunity to enter the $1 trillion auto lending industry and provides dealers with an expedited, streamlined credit process. New investor SF Capital Group led the round joined by… Read More
In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space, particularly within crowdfunding and peer to peer lending. SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More
Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More
Mambu, the SaaS banking platform provider, today announced that Reparo Finance, an independently-owned business finance company specializing in SME business lending, has selected Mambu to launch a new business line offering loans to small-to-midsize enterprises (SMEs) in the UK. The company chose Mambu’s cloud-based platform… Read More
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