P2P currency exchange marketplace CurrencyFair has closed a €10 million ($10.7 million) funding round, the Dublin-based company said on Thursday (April 16). The Series A round was led by Octopus Investments with participation from existing investor Frontline Ventures, and brings CurrencyFair’s total funding to $15.4...
The ranks of the unbanked are getting smaller around the world, according to a new report released by the World Bank. Between 2011 and 2014, the unbanked population dropped from 2 billion adults (20 percent of the world’s population) to 1.3 billion as 700 million...
It’s now clear where this month’s $10.5 million in funding for investment app Acorns came from — and what it’s for. On Wednesday (April 15) Acorns said it has raised $23 million in a funding round that will let it launch its first app for...
Alternative lenders Prosper Marketplace and OnDeck Capital are tightening up an already close relationship by agreeing to share strategy as well as exchange loan referrals, the companies announced this week at the LendIt conference in New York. The two lenders, which don’t compete — Prosper...
Lending Club and Citi will work together to facilitate up to $150 million in loans to low- and moderate-income borrowers in underserved communities, the alt-lender and bank jointly announced on Tuesday (April 14). Under the deal, Citi will provide capital to fund the loans, which...
Last week San Francisco welcomed the latest unicorn to the herd – P2P lending site Prosper. Prosper announced that it brought in another $165 million in venture funding and sailed right past the “unicorn-making” $1 billion mark to a total valuation of ~$1.9 billion. For...
West Coast grocery store chain Haggen has sent itself a MoneyGram. It was announced yesterday (April 9) that the money transfer and payment services company MoneyGram has entered into an agreement with Haggen, Inc. to offer money transfer, bill payment and money order services at...
The United States’ second biggest P2P lending market has closed out a financing round that pushes its valuation to $1.9 billion – rocketing it into the “unicorn” strata of startups and nearly tripling up its last valuation of a year ago. This all comes while Prosper...
So goes the economy, so goes the likelihood of getting financing as a small business. When times are bad, the money dries up; when times are good – well actually, since the last recession, the situation has still been pretty dire, which is why so many...