The latest news from the world of Alternative Finance and FinTech world
In the news this week
In a rare break from IFISA launches, we've seen buy-to-let crowdfunding specialists, The House Crowd, hit the £50m mark this week. LendInvest listed a £50 million retail bond on the London Stock Exchange, while Flender, the Dublin and London-based P2P lending network, looks to raise £2m ahead of its wider UK launch. Elsewhere, RateSetter announced that they are in the final stages of gaining full FCA authorisation.
Buy-to-let property platform hits £50m milestone
The House Crowd, a platform allowing investors to join together to fund the purchases of residential rental properties, has hit the £50m fundraising milestone.(Property Industry News)
LendInvest launches bond on London Stock Exchange
The UK-based alt lender, which specialises in property loans, has listed a £50 million retail bond on the London Stock Exchange, the first to be offered by a FinTech. (Business Insider UK).
Dutch insurer Aegon signs £160 million Funding Circle deal
Dutch insurance firm Aegon will lend £160 million to UK small businesses using peer-to-peer lender Funding Circle's online platform. (Business Insider UK)
RateSetter in “final stages” of FCA authorisation process
RateSetter is in the “final stages” of reaching full authorisation after becoming the last of the main peer-to-peer lenders to be trading on interim permissions. (P2P Finance News)
London-based FinTech company to launch new global currency
Glint, a London-based financial technology company, is to launch a new global currency in the fourth quarter of 2017. (London School of Business and Finance)
Flender looking to raise multi-million funding round ahead of UK launch
Dublin and London-based peer-to-peer lending network Flender is looking to raise £2m in funding ahead of its wider UK launch later this year. (Tech London)
Kabbage takes $250m investment from Softbank
Specialist online SME lender Kabbage has received a $250 million investment from the Japanese firm Softbank. Kabbage is predominantly a US lender, where it has made $3bn in loans to over 100k SMEs, but is also available in the UK. (Tamebay)
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