Lending Club, a peer-to-peer lending website, has raised USD125min a round led by Google, with further participation from Foundation Capital. David Lawee, an executive at Google, will join Lending Club’s company boardas part of the deal.
Founded in 2007, the firm has developed a platform designed to connect borrowers and investors online. The service is aimed as an alternative to traditional banking, offering different levels for rates and returns.
The California-based firm says it holds USD450m in assets after 23 consecutive quarters with positive returns. It also claims to have handled USD1.65bn in loans since launching.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.