Wednesday, March 29, 2017

Carro parks $12m to pump into FinTech arm

Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed. Read more: www.fintechroundup.com

MPOWER Financing bags funding to expand LatAm reach

Emerging markets-focused student lender MPOWER Financing has landed fresh funding from Latin American VC firms VARIV Capital and Chilango Ventures. Read more: www.fintechroundup.com

Işbank brings end to end digital e-mortgage

Having developed many products and services that served as milestones for the Turkish banking sector, İşbank continues its innovation. Read more: www.finextra.com

Kabbage looks to raise money for acquisitions

Small U.S. business online lender Kabbage Inc is in talks to raise a new round of equity funding that could be used for potential acquisitions. Read more: www.reuters.com

Startup investment platform CircleUP looks for $100m

Investment platform for small consumer brands CircleUp is planning to raise $100m, according to an SEC filing. Read more: www.fintechroundup.com

Vyze’s grip narrows gap between retailers and lenders

Credit is the lifeblood of many an economy and consumer, and it is also crucial for retailers. Read more: www.pymnts.com

Alterna Bank launches Canada’s digital mortgage

Ontario-based Alterna Bank says it has launched “Canada’s first and only digital mortgage." Read more: www.bankingtech.com

Credit bureau, FinTech firm partner on product for mortgages

Experian has introduced software to speed up the processing and approval of consumer mortgage applications. Read more: www.americanbanker.com

Credy looks to digitize personal lending in India

Lending platform Credy is looking to change the way people gain access to personal loans in India. Read more: www.techcrunch.com

Farm financing platform ProducePay picks up $77m

Farming-focused lender ProducePay has secured $77m in equity and debt funding to provide cash-flow solutions to farmers of perishable goods. Read more: www.fintechroundup.com