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Viola Credit closes $700M fund to provide asset-based lending to fintech startups

TechCrunch

Fintech startup and alternative credit asset manager Viola Credit has closed its latest $700 million fund, which provides asset-based lending capital to fintech, proptech and insurtech startups. The latter provides corporate lending, also known as venture lending. Instead, Viola provides lending capital to fintech lenders.

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Indian fintech CRED to invest in lending partner LiquiLoans

TechCrunch

CRED plans to invest about $10 million in its lending partner LiquiLoans as the Indian fintech startup broadens its ownership in financial services, TechCrunch has learned and confirmed. “Our goal has been to build a trusted and credible P2P lending platform.

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SoLo Funds settles lawsuit over predatory lending accusations in District of Columbia

TechCrunch

The District of Columbia Attorney General today announced an agreement with SoLo Funds, a fintech company that enables peer-to-peer lending, to settle a lawsuit that alleged SoLo Funds engaged in predatory lending practices. SoLo sought to disguise exorbitant interest charges by deceptively calling them ‘tips’ and ‘donations.’

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P2P lending platform PeopleFund raises $20M Series C extension led by Bain Capital

TechCrunch

PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 Apart from the capital, PeopleFund also secured $240 million in debt financing in 2022 from Goldman Sachs, CLSA Lending Ark Asia and Bain Capital. Korea’s P2P lending startup PeopleFund gets $63.4M

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Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

TechCrunch

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 Returning investors in the round include CLSA Lending Ark Asia and 500 Global. PeopleFund, which connects borrowers with lenders to enable lending, provides loans at an average interest rate of 11.25 million (75.9 PeopleFund.

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Lending startup Kala is helping Latin American banks more easily offer credit

TechCrunch

Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala , a Colombia-based company building fintech infrastructure for lending. We can do this in weeks, not years, and we aim to become the standard for fintech lending in Latin America.”

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Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock

TechCrunch

The products are currently under development, however, the plan is to also lend to bigger businesses in the agri-value chain, as the company expands its reach from micro-sellers, who have been their target market since launch in 2013. All this is in its plan to expand its clientele base and grow its profits.

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