Zipmoney raises $40Mil from Westpac, the biggest Australian Fintech raise of the year.

Sydney fintech startup ZipMoney has landed a $40 million investment from Westpac. The round, announced on the ASX on Monday morning, includes $40 million cash upfront and a further $8 million in future performance-dependent funding. ZipMoney’s deal immediately becomes the third largest capital rai

Growth trends and behaviours in Alternative Finance

Research from over 1,000 crowdfunding and peer-to-peer lending platform options,reveal the global trends in Alternative Financing. “2015 was the year when Alternative Finance really came into its own. The dominating influence was the growth of China, which accounts for 70% of global volume, follow

The Rise Of P2P Lending

The wave of disruptions in the financial sector gained strength after the global financial crisis of 2008-09. While the heavy losses forced banks to become stricter about loan disbursements, the chaos and fragility in the system caused dissatisfaction with commercial banks among borrowers. According

The State Of P2P Lending at the Beginning of 2016

Peer-to-peer (P2P) lending became one of the hottest industries in fintech — or any other any industry — in 2015. Companies raised large venture rounds, investors found unicorns and there were even a couple of IPOs. Will 2016 continue this trend, or will the P2P lending bubble finally pop? Here

Here’s why 2017 will be a turning point for the UK marketplace lending industry

This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. The UK’s marketplace lending sector is one of the world’s oldest and largest, but it may be reaching a tipping point whereby growth starts to slow and m

Sydney fintech Prospa secures $20Mil(AUD) debt facility from Partners for Growth.

Small business lending startup Prospa has reportedly secured a $20 million debt facility from the Australian arm of Partners for Growth. The AFR reports that the new money, which follows a $25 million capital raising round in February led by AirTree Ventures, will go towards product development as w

Online lender Zopa’s revenue jumped 60% last year

LONDON — Peer-to-peer lender Zopa saw revenues leap 60% higher last year as losses narrowed. The online lender’s revenue rose from £20.6 million in 2015 to £33.2 million last year, accounts filed with Companies House this week show. At the same time, losses narrowed from £8.8 million to £5.8

OakNorth lent £100 million cumulatively by last June — this year it lent £100 million in a month

LONDON — Entrepreneur-focused bank OakNorth has more than doubled its loan book this year, lending out £430 million since January. OakNorth, founded in 2015, now has a loan book of £710 million with £700 million worth of deals in the pipeline. CEO and cofounder Rishi Khosla told Business Inside

Accountancy software start up Receipt Bank secures $50Mil(USD) in funding.

LONDON — Accountancy software startup Receipt Bank has raised $US50 million (£38.4 million) in a Series B funding round led by a New York venture capital firm. Insight Venture Partners led the investment, one of the biggest deals in UK fintech since Brexit. Receipt Bank, launched in 2010, is

UK global banking alternative Revolut raises $66Mil(USD).

Revolut has raised a $66 million Series B round with Index Ventures leading the round, and existing investors Balderton Capital and Ribbit Capital also participating. The startup will also run another $5 million crowdfunding campaign in a few weeks. The company has raised $83 million in total. Revol