Another Research is published by Expalux discovering Fintech Lending Ecosystem and Regulation around the world! This time we will tell you more about Uruguay, Ecuador, Puerto Rico, MENA Region, India, Indonesia, UAE and why Qatar is rapidly becoming a Fintech hub! You can download it here: EXPALUX RESEARCH 2.0
Personal lender SocietyOne has dumped plans for an ASX float in favour of being acquired by ASX-listed MoneyMe, which will scale into an ASX 300 company as it drives consolidation in the fragmented fintech personal lending space. The $132 million scrip deal will see MoneyMe, which offers personal loans, credit cards and car loans, …
The digital lending platform market is anticipated to witness incredible gains by 2027 owing to the growing financial awareness, rising popularity of digital banking channels, escalating use of consulting services, and increasing digital literacy. As per the report, the market is predicted to witness growth in CAGR during 2021-2026 and is poised to accumulate …
Peer-to-peer lending platform, Finzy, has raised $2 million as a part of a bridge round. Finzy is currently looking to raise $10 million as a part of its Series A round. The company did not disclose the name of the investors. Finzy connects Borrowers looking for quick personal loans with low interest rates to Investors …
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies, the firm said in an emailed statement today. Dubbed the MSME Fintech Credit Fund, Lendable says it will provide credit to African and Asian fintech companies so they can offer credit facilities and financial …
Fintech CRED on Thursday (August 19) announced that the firm is launching a peer-to-peer (P2P) lending platform named Mint, as the fintechs startup aims to monetize its 7.5 million users. At present, the CRED app offers several services such as credit card repayment, instant personal loan, rent payments and online shopping deals, among others. …
Big banks and investment firms have lost their control over the consumer. Loans are available from a plethora of easy-to-use online services. Start-up banks and credit-card companies are killing the fees. So are app-based brokerages and trading platforms. In the public and private markets, the valuations are astronomical. In case of Upstart, a Fintech that …
Millennials dominate as the most influential cohort as both borrowers and lenders on peer-to-peer (P2P) lending platforms, says study. LenDenClub, among the country’s largest P2P lending platforms, released its 2020-21 report on the key borrowing and lending behavior of its consumers According to the report released, millennials belonging to the age group of 21-30 …
The State of Finance App Marketing tracked data on finance app usage across the globe, across five categories of apps. They include digital banks, traditional banks, financial services, loans, and investments. It was found that there were over 1230 Fintech apps available in APAC, and marketers have spent US$ 244 million to acquire new …
Earlier this month, Nigerian Fintech and lending startup Lidya announced that it has completed its $8.3 million pre-Series B funding round. In addition to the $1.3 million seed round secured in 2017 and $6.9 million Series A, a year later; Lidya has raised a total of $16.5 million. Created in 2016 Lydia´s platform offers the opportunity for businesses …