Wednesday, September 26, 2018

Digital loan broker Lendela raises $940k in seed round

Lendela, a Singapore-based loan broker, has raised $940,000 in seed financing led by Cocoon Capital and IMO Ventures. Read more:

SimpleFinance bags $15m in funding from SBI

Moscow-based SimpleFinance has bagged $15m in equity funding from SBI Investments. Read more:

OnDeck: Small business online lending tops $10Bn  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it has surpassed $10 billion in total loan originated to small businesses. Read more:

CAN Capital picks up $287m credit facility to make additional investments

CAN Capital, a small business financing enterprise, has collected $287m in a credit facility from Varadero Capital. Read more:

Flexiti picks up another $80m in debt financing from Credit Suisse

Flexiti, a POS consumer financing solution, has received an $80m mezzanine debt facility from Credit Suisse Asset Management. Read more:

Kira Systems score $50m in minority investment from Insight Venture

Kira Systems, an AI-powered contract analytics solution, has scored $50m through a minority investment from Insight Venture Partners. Read more:

Germany-based CrossLend receives €14m investment

Germany-based CrossLend, a loan securitisation solution, has received a €14m investment. Read more:

Esme Loans to apply Validis data sharing tech

Esme Loans, the digital lending platform backed by NatWest for SMEs and scale up businesses, today announced that it has entered in to a partnership to use Validis’ Read more:

Community bank lending to SMBs increasing

New data shows that community banks lending to small businesses has increased in recent years. Read more:

China’s P2P lending: The house of cards crumbles

China P2P lending industry is crumbling like a house of cards with its principal casualties being the hundreds of thousands of small investors across China. Read more: