MoneyTap raises $12.3m in round led by Sequoia Capital

Lending app MoneyTap has reportedly raised $12.3m in its latest funding round led by Sequoia Capital India. Read more: fintech.global

UK consumers sooner switch supermarket than current account

Research into consumer adoption of digital services in the UK has revealed that the banking sector is perceived to be leading the way. Read more: www.finextra.com

Credit Peers raises £45m in its latest funding round

UK-based P2B Credit Peers has received £45m in its latest funding round from a European investment management firm. Read more: analysis.cairns.cl

Beehive signs MOU with Mohammad Bin Rashid fund

Dubai based P2P lender Beehive has signed a memorandum of understanding (MOU) with the Mohammad Bin Rashid Fund (MBRF) to provide SME loans. Read more: www.crowdfundinsider.com

Lendingkart Finance lands $7.7m funding from YES BANK

Lendingkart Finance has received its latest funding, with a $7.7m investment from India’s fourth largest private sector bank YES BANK. Read more: analysis.cairns.cl

Amazon uses its machine learning tools for lending

Amazon’s lesser known operation – small business lending – is powered by machine learning, just like its e-commerce business. Read more: bankinnovation.net

P2P comes of age as alternative asset class for investors

P2P lending to emerge in the UK as a new asset class for investors wanting higher returns but with some more protection for their money. Read more: www.ft.com

Meet Landbay: A peer-to-peer lending for buy-to-let mortgages

At an equity-backed mortgages conference in Barcelona, Gray Stern, co-founder and chief creative officer of Landbay, speaks on his new company. Read more: www.cityam.com

Financing marketplace FinCompare pulls in €2.5m

Berlin-based corporate financing marketplace FinCompare has closed €2.5m in a new round from SpeedInvest and Austrian insurance group UNIQA's venture arm. Read more: fintech.global

FinTech company SoFi to add 400 Delaware workers by 2018

SoFi, personal online loan provider, will add 400 workers to its Claymont office by the end of 2018. Read more: www.delawareonline.com