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Quona Capital Raises $203M For FinTech-Boosting Fund

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Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia.

Capital 141
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

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Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

Lending 150
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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. 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. Many borrowers are neglected by banks and still face expensive funding and capital.

Lending 122
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OnDeck Launches ODX To Help Banks Lend To SMBs Online

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OnDeck Capital has created a unit that will provide technology and services for banks lending to small businesses over the internet. Reuters , citing the company, reported the new company will be called ODX and will expand its business, in which it provides lending software to banks.

Lending 108
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Grab Reportedly Considered Acquiring 2C2P Pte

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In a sign of Grab ’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P Pte. Unnamed sources claim that the company was one of various possible bidders interested in the payments firm, Bloomberg reported. The news comes as Grab raised over $4.5

Report 100
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Misys Helps Banks Play The Alt-Lending Game

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Misys is offering banking clients access to its P2P lending software, reports said Tuesday (Jan. The financial technology firm revealed it will offer banks access to its peer-to-peer lending technology to help banks compete with younger alternative lenders in the industry.

Lending 100
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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

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AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. Alcanza Capital and Bontu. There will be other leading venture capital firms from international waters also joining with SoftBank, though the press release does not list them.

Fintech 247