Former PayPal UK’s Chief Credit Risk Officer Joins RateSetter

Posted 19th December 2016

On Monday, RateSetter announced it appointed Michael Hoare as its new Head of Risk Analytics and Retail Credit. Hoare notably joins from PayPal UK, where he was Chief Credit Risk Officer. Prior to Pa...

Needed Policy Reforms to Improve Entrepreneurs’ Access to Capital

Posted 19th December 2016

Capital formation and entrepreneurship improve economic growth, productivity and real wages. Existing securities laws impede entrepreneurial capital formation. To promote prosperity, Congress and a re...

Just in from Dubai: UAE Remittance App NOW Money Wins IBM SmartCamp, Next Stop LAUNCH Festival 2017

Posted 19th December 2016

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astro...

Singapore Fintech News: Senjō Group Acquires GVC Holdings’ Kalixa Group

Posted 19th December 2016

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group�...

Indian Fintecher Paynear Partners with FreeCharge to Grow Network

Posted 19th December 2016

India’s digital payments platform FreeCharge announced a partnership with payment solution provider Paynear, extending FreeCharge’s acceptance to another 15,000 merchants across 22 states...

Private No Longer: Ukrainian Government Nationalizes Leading Lender PrivatBank

Posted 19th December 2016

The Ukrainian government announced on Sunday that it will nationalize the country’s leading lender PrivatBank. In a statement given on Sunday evening, the government promised a stable transiti...

Report: Rebuilding the IPO Market

Posted 18th December 2016

During the past 15 years, the number of emerging growth companies entering the capital markets through IPOs has plummeted relative to historical norms. This trend has transcended economic cycles durin...

Growth Street’s James Sherwin-Smith: Over £34M Has Been Matched on Platform to Date

Posted 18th December 2016

Growth Street announced last week it would not accept individual retail investors on its peer to peer lending platform. They may do this now as they are an FCA registered Appointed Representative pu...

Abundance’s First IFISA Offer Already at 82% of its Goal for Swindon Solar Project

Posted 18th December 2016

Abundance Investment (formerly AbundanceGeneration) has been partnering with Swindon Chapel Farm Solar since early last month to offer individuals a way to invest in renewable energy. The Innovative...

Fitch Expects to Rate SoFi Inaugural Residential Mortgage Backed Securities

Posted 18th December 2016

Fitch shared last week its intent to rate SoFi’s RMBS transaction that included 270 loans with a total balance of approximately $168.79 million. The group of loans consists of prime fixed-rate m...

The Startup and SME Funding Void in Brazil and How to Fix It

Posted 17th December 2016

Brazil has a number of similarities to the rest of the world when it comes to funding startups, small or medium enterprises (SMEs). These business owners either have to fund their businesses th...

Even Financial’s Phill Rosen on P2P Lending Industry’s Future: I Think We Will See Some Consolidation in the Space

Posted 17th December 2016

Earlier this week, fintech firm Even Financial announced it increased loan originations by 205% quarter over quarter since the beginning of 2016 and surpassed $1.5 billion in loan requests. The compan...