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Capital Float Tops Up Capital Raise

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India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 According to Capital Float cofounder Sashank Rishyasringa, the deal brings the total raised for Capital Float in 2016–2017 to $9.2 The company has secured significant venture capital, too.

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SEC Appoints Small Business Capital Committee Members

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Securities and Exchange Commission has appointed members to its newly-formed Small Business Capital Formation Advisory Committee as it works to support small business access to capital. The committee, which is the result of the 2016 SEC Small Business Advocate Act, will meet for the first time in early May, according to reports.

Capital 108
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SEC Probe Prompts Direct Lending CEO To Step Down

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Direct Lending Investments ’ founder and CEO Brendan Ross has resigned while his company is the focus of an investigation by the Securities and Exchange Commission (SEC). In a separate letter, the company also shared that another borrower had defaulted on a loan that accounted for about a quarter of its capital.

Lending 134
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How Basel III Affected SMB Lending

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The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

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Zopa Secures UK Banking License

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Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board. Capital One was one of the earlier disrupters,” Janardana said.

Security 215
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UK, US SMB Lending Experience A Growing Divide

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One area of impact is small business finance and lending, with small businesses and lenders seeing a slowdown in demand. Small business lending platform Funding Circle commented on this effect in its latest earnings data, noting that there has been “some deterioration” in its higher-risk small business loan bands in the U.K.

Lending 144
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Alt-Lending Conglomerate TruFin Lands $97M In IPO

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An alternative lending conglomerate based in the U.K. just secured more than $97 million through an initial public offering. Its units include Distribution Finance Capital, Satago and Oxygen Finance, while it also owns a minority stake in peer-to-peer (P2P) lender Zopa. reports noted.

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