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LendingRobot joins NSR Invest to form biggest roboadvisor in marketplace lending

LendingRobot 1

P2P lending roboadvisor LendingRobot will join NSR Invest, creating what it calls “the largest independent roboadvisor in the alternative lending space”, reports Finovate (Banking Technology‘s sister company). LendingRobot explains in its blog that the “websites, operating, and trading systems” of each platform will continue to function as usual for the time being as the companies prepare […]

Behalf and FinWise Bank team to boost SME lending options

FinWise Bank and Behalf team up

Utah-based FinWise Bank, a subsidiary of All West Bancorp, has partnered with alternative small business lender Behalf.

Is Prosper prospering?

Too much debt

Peer-to-peer (P2P) lender Prosper released its second quarter earnings recently, just days after the company shuttered its consumer-facing bill management system.

Is this the end of fintech as we know it?

Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

PayPal to buy Swift Financial to boost SME lending

PayPal

After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.

Mambu’s core banking tech to support lending business of Globe Telecom

Philippines_flag

Banking software developer Mambu has inked a large deal with Fuse, the lending arm of Filipino financial technology firm Mynt. Mynt itself is a subsidiary of Globe Telecom, a Philippines-based telco.

StreetShares raises $10.3m for “Shark Tank meets eBay” approach to P2P lending

VW Credit invests in AutoGravity

Alternative lending platform StreetShares raised $10.3 million in a venture round this week. The funds come from an undisclosed investor and bring the Virginia-based company’s total funding to almost $20 million since it was founded in 2013.

Banking Technology Awards: how to write a winning entry?

Banking Technology Awards 2017

With less than one month left to nominate for the Banking Technology Awards, now is the time to polish up on your entry. The question we get asked often is how to write a winning entry. Well wonder no more, we have a few tips for you on what to include. The more detail the better! Dates […]

SME lender Kabbage collects $250m investment from Softbank

Softbank invests in Kabbage

Online small business lender Kabbage has raised $250 million in funding from Japan’s SoftBank Group. The capital, which takes Kabbage’s total funding to more than $488 million, will be used to support new lending products for small businesses, as well as “exploring non-lending products and services” for its customers, the company says.

Banking Technology Awards: celebrating people that make things happen

Calling on all inspiring women in fintech!

This year’s Banking Technology Awards will be taking place on 13 December in London and once again we will be celebrating people that make things happen! The Leadership Awards will recognise individuals and teams that made a considerable contribution to our industry. What are the categories you can nominate in? Woman in Technology (W.I.T.) Award, in partnership with FemTechGlobal, will […]

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