Saturday, October 21, 2017

HSBC plans faster supply chain finance with new Me-PO solution

HSBC has introduced a matched electronic purchase order (Me-PO) financing solution to improve its release of working capital. Read more: www.bankingtech.com

P2P lender Welendus receives full FCA approval

Last week, short-term peer-to-peer lending platform Welendus announced it has received full Financial Conduct Authority (FCA) Approval. Read more: www.crowdfundinsider.com

COMPEON closes Series B round on €12m

Commercial financing platform COMPEON has closed its series B round on more than €12m. Read more: fintech.global

AND Global lands $5m to tackle Mongolia’s lending market

AND Global is looking to tackle Mongolia’s lending market after collecting $5m in seed financing. Read more: fintech.global

Fintech firm OppLoans opens new headquarters in Chicago

Chicago-based FinTech firm and socially responsible online lender OppLoans announced on Tuesday the opening of its new Windy City headquarters. Read more: www.crowdfundinsider.com

Assetz Capital hits over £300m traded to date

Assetz Capital, a fast growing peer-to-peer finance platforms based in the UK, reports it has facilitated £300 million in loans on its, Read more: www.crowdfundinsider.com

Inspeer launch token sale for “inspiration through P2P” lending

Inspeer, the decentralized lending solution for individuals and small businesses, announces token sale, scheduled for 6 November, 2017. Read more: www.cryptocoinsnews.com

Chinese microlending FinTech may make Min Luo a billionaire

With a net worth of at least $1.2 billion, Min Luo may be the latest Chinese billionaire to have amassed his wealth from within the FinTech industry, Read more: bankinnovation.net<

SocietyOne tops $350m in loans

Australian P2P lender SocietyOne has revealed it has issued more than $350 million in loans on its platform since 2012, Read more: www.bankingtech.com

Warsaw-based LeaseLink reels in $2.45m

LeaseLink, a Warsaw, Poland-based provider of financial leasing transactions, has raised nearly $2.45m in its latest round of financing. Read more: fintech.global