Zopa, the UK neobank, hits 1M customers and raises another $93M

In 2021, U.K. neobank Zopa, which has been around since 2004, leapt to a $1 billion valuation on the back of a big investment from SoftBank and a plan to go public by 2022. Now it’s 2023, and Zo

Crypto lender Maple Finance raises $5M to enter Asia amid regulatory clarity

Maple Finance, an on-chain, institutional credit marketplace that’s aspiring to fill a gap left behind by the collapses of crypto lending heavyweights like BlockFi and Celsius, has its sights se

Apple purges predatory lending apps in India following scrutiny

Apple removed several predatory lending apps from the App Store in India this week, days after users and media questioned the legitimacy of those services. Pocket Kash, White Kash, Golden Kash and OK

India’s Flipkart begins customer lending in bid to boost sales

Updated at 10.48AM IST, July 7: Flipkart confirmed on Friday that it has partnered with Axis Bank to offer lending to customers. “We are delighted to now introduce a Personal Loan service in par

Percent lands $30M investment to connect investors with private credit

In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit. Seeing an opportunity to tackle the lack of risk management in

Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform

After a slow start in the U.K. and Europe, open banking is catching on with fintechs, which are using APIs to access banking data and rails and using them as an alternative to traditional credit netwo

Chinese influence, loan-collection practices are reasons for India’s crackdown on lending firms

India’s push to ban over 90 lending apps has sent shock waves through the fintech industry as many scramble to understand why they have been impacted. The Ministry of Electronics and IT’s move

Zopa, the UK neobank, raises $93M more at a $1B+ valuation

After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending se

Protect me from what I want

Buy now, pay later is an alluring option for consumers. But with rising debt and inflation, perhaps the focus should be on companies that help protect borrowers from digging themselves into a hole.

Kredito banks $6M as the LatAm business lender eyes international expansion

Kredito created products with few requirements so that customers could more easily access financial products.

India to control which lending apps are permitted to app stores in latest crackdown

India plans to mandate which loan apps are allowed on app stores in the country, the latest in a series of recent steps from the world’s second largest internet market to crack down on sketchy a

India’s central bank gives lenders November-end ultimatum to comply with new digital loan rules

The Reserve Bank of India (RBI) has given lenders until the end of November to implement adequate systems and processes to ensure that new and existing loans comply with its digital loan rules issued

Clearco cuts international staff as it retracts presence, announces new partner

Clearco, a Toronto-based fintech capital provider for online companies, is walking back the international expansion it once touted as the future of the company. One month after cutting 25% of its tota

Predatory loan apps in India rake in huge fees, and are driving some users to suicide

On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed&#822

Clearco cuts 25% of staff, considers ‘strategic options’ for international operations

Clearco, a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those impacted will receive severance pay, a two-y

Levered up, doubled down

Ever since Celsius halted withdrawals last month, it seems like a new crypto project has been going under almost daily, with Peter Thiel’s Vauld and publicly traded Voyager being two of the late

Constrafor grabs $106M in equity, credit to finance construction subcontractors

Constrafor provides a platform for general contractors to organize subcontractors on each project and also a lending program so subcontractors don't have to wait months to get paid.

Robinhood aims to court users by offering attractive 1% interest rate on cash

Investing app Robinhood is on a roll with announcing new features as it looks to appeal to more customers amid dwindling transaction revenue. Less than a week after unveiling plans to allow users to l

Robinhood to let users lend out their shares in its attempt to diversify revenue

Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today. Robinhoo

Masa Finance gets $3.5M pre-seed to build its decentralized credit protocol

Masa Finance, a hybrid credit protocol and decentralized credit bureau founded by Pngme CEO Brendan Playford in late 2020, has raised $3.5 million in pre-seed funding. According to a statement, the co
Load More