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China’s P2P Lending Market Expected To Shrink In 2019

PYMNTS

The P2P lending market in China has been rife with scams and controversy for some time now. Bloomberg, citing people with knowledge of the matter, noted that Chinese authorities are gearing up to shut down small and medium-sized P2P lending platforms across the country. trillion yuan by the end of 2017, reported Bloomberg.

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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

So, access to capital isn’t just essential for these companies to survive — it’s critical for the economy to thrive. Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S.

Lending 159
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant’s consumer-facing product is devised as a digital alternative to that market.

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Chinese P2P Lender Dianrong Completes Funding Round

PYMNTS

Chinese P2P lending company Dianrong, which offers lending solutions and investment products, has completed its latest funding round, according to reports. Standard Chartered Private Equity was the main investor, and Affirma Capital also participated in the round. The company is known as the “lending club of China.”

Lending 100
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Today In Payments Around The World: Lendify Secures $115M In Funding; Contour Teams With Mphasis On Trade Tech

PYMNTS

In today’s top payments news around the world, Swedish peer-to-peer (P2P) lending upstart Lendify has reportedly secured $115 million of funding, while international trade platform Contour has teamed with information technology (IT) solutions firm Mphasis. The Hong Kong sale is being managed by Citigroup, China International Capital Corp.,

Security 134
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

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US B2B Startups Blow Their International Competition Out Of The Water

PYMNTS

are shying away from alternative lending startups due to the recent controversy within the space, but investors across the pond aren’t hesitating to finance the industry. in the alternative SME lending space, while B2B startups from the Netherlands and Spain also secured impressive rounds. Alt-Lending. Kikka Capital.

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