The Jordanian FinTech liwwa has closed an $18.5 million pre-Series B round of equity and debt funding, Wamda reported today. The round included $4.5 million in equity investment led by existing investors, DASH Ventures, Dutch Entrepreneurial Development Bank FMO, Edgo and Bank al Etihad, in...
Indonesian peer-to-peer lender Amartha is in talks to acquire 70% of local bank PT Bank Victoria Syariah, according to a DealStreetAsia report Monday (March 28). The talks between Amartha and the bank come as the former is looking to launch a pre-initial public offering (IPO)...
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 million ($3.27 million) upfront. Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Those are: £500,000 will be paid one year after the deal...
The CEO of lending platform Fincera, Li Yonghui, was arrested on Friday (Dec. 13) in China on suspicion of financial crimes, according to a report by Reuters. Yonghui is a Canadian national and Shijiazhuang police said he allegedly illegally accepted public funds. Fincera had been...
September 20, 2018
Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. However, a wave of P2P failures — more than 200 since June, […]
May 08, 2018
Ripio has had more than one name in its evolution as a firm – but only a single goal. Originally known as BitPagos at launch, and then rebranding to Ripio...
June 15, 2016
Matchmaker, matchmaker … make me a match. If only it were that easy. Or, if we were back in the good old “Fiddler On The Roof” days, the concept of the multi-sided platforms...
September 16, 2022
Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would be valued at $200 million and the two companies would form a strategic alliance, expanding upon their existing relationship, Inc42 reported Friday (Sept. 16), citing […]
September 12, 2022
The Jordanian FinTech liwwa has closed an $18.5 million pre-Series B round of equity and debt funding, Wamda reported today. The round included $4.5 million in equity investment led by...
March 28, 2022
Indonesian peer-to-peer lender Amartha is in talks to acquire 70% of local bank PT Bank Victoria Syariah, according to a DealStreetAsia report Monday (March 28). The talks between Amartha and...
August 03, 2020
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 million ($3.27 million) upfront. Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according...
