The German press reports that German incubator Rocket Internet is selling its participation in the multinational P2P lending platform Lendico to British hedge fund Arrowgrass. Arrowgrass already owns a small share of Lendico and wants to take over the company. Founded in December 2013 by… Read More
German firms FinTech Group and Rocket Internet have teamed up to build a pan-European digital bank, according to a release. The bank is just the first stage of a “comprehensive technology partnership” between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous… Read More
Funding Circle, the leading UK SME marketplace lending platform, has dramatically increased its footprint with the acquisition of Zencap. Funding Circle will now operate in Germany, Spain and the Netherlands. Funding Circle already has a significant operation in the US. Funding Circle representatives state this… Read More
While making the final preparations for its launch, upcoming UK real estate investment platform, BrickVest, announced it has received backing from Rocket Internet’s Global Founders Capital (GFC). According to TechCrunch, GFC has invested in a startup before the platform open its investment doors. Although BrickVest nor GFC are disclosing… Read More
Fast growing peer to peer lender Lendico has moved into a new market, this time targeting the Netherlands. Lendico was founded in Germany at the end of 2013 but the young platform has quickly moved to expand into regions beyond the German market. The new… Read More
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