Sunday, February 26, 2017

Creditas lands $19m to cut Brazilian lending rates

Brazilian lender Creditas Soluções Financeiras has picked up $19m in a Series B round to cut its interest rates. Read more: www.fintechroundup.com

Indiegogo introduces Stripe payment options

Indiegogo has introduced new payment options for its crowdfunding platform that will make it easier for backers to receive the support they needed. Read more: www.crowdfundinsider.com

High rate of defaults hit P2P lending sector

Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups. Read more: www.finextra.com

Landbay launches property-backed ISA

UK peer-to-peer lending platform, Landbay, has officially launched its property-backed ISA investment. Read more: www.crowdfundinsider.com

SoFi looks for $500m to expand lending services

SoFi is nearing an agreement to raise as much as $500m in a new venture capital funding round. That tally is likely to be led by Silver Lake Partner. Read more: www.pymnts.com

Crooks, like borrowers, flock to online lenders

Speed and ease of use have made online lenders increasingly popular with consumers, but those same qualities have put them in fraudsters’ cross hairs. Read more: www.americanbanker.com

Online lender Bond Street secures $300m loan commitment

Bond Street in New York has gotten a commitment from the investment bank Jefferies to purchase up to $300m of its small-business loans. Read more: www.americanbanker.com

Damage from scandal continues to hit Lending Club

The San Francisco company reported a $32m loss during the fourth quarter, bringing its losses for the full year to $146m. Read more: www.americanbanker.com

ID Finance pockets $50m to expand into Latin America

Emerging markets-focused credit scoring and lending startup ID Finance is has raised $50m in debt funding to expand across Latin America. Read more: www.fintechroundup.com

A marketplace lender for real estate’s weekend warriors

Zeus Mortgage has rolled out an online real estate financing platform that seeks to match investors with property holders who need funding renovations. Read more: www.americanbanker.com