Soonicorn Club
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Soonicorn
Credible Labs (2014, San Francisco, $22M) – An alternate lending platform for financing student loans and refinancing student loan debt.
Market: Alternative Lending > Lead Generation Platforms > Consumer Loans > Education Loans -
Soonicorn
Smava (2006, Berlin, $135M) – A comparison platform of consumer credit products
Market: Alternative Lending > Lead Generation Platforms > Consumer Loans -
Minicorn
Magilla (2015, Sacramento) – Online loans platform making offers without personal information
Market: Alternative Lending > Consumer Loans > Mortgage Loans > B2C Marketplace -
Minicorn
Ascentium Capital (2014, Kingwood) – Business financing platform
Market: Alternative Lending > Business Loans > Term Loans > B2B Marketplace -
Minicorn
Future Finance (2013, Dublin, $58.2M) – Lending platform for Education Loans
Market: Alternative Lending > Consumer Loans > Education Loans > Direct Lender
Analyst Picks
- Goji (2015, London) – P2P lending investment advisory
Market: Alternative Lending > Investment Platform - Crowd2Fund (2014, London, $3.8M) – Equity as well as debt crowdfunding platform
Market: Alternative Lending > Business Loans > Term Loans > P2B Marketplace - YieldStreet (2014, New York City, $16.5M) – Online lending plaform for asset-backed loans
Market: Alternative Lending > Business Loans > Mortgage Loans > P2B Marketplace - Crowdstacker (2014, London) – Online platform for P2P lending for business loans.
Market: Alternative Lending > Business Loans > Term Loans > P2B Marketplace
Funding Rounds
Conventional Debt, $100M
YieldStreet (2014, New York City, $16.5M) – Online lending plaform for asset-backed loans
Conventional Debt, $75M
UpLift (2013, Sunnyvale, $23.2M) – Purchasing financing platform for travel bookings
Investors: Fortress Investment
Series D, $65M
Smava (2006, Berlin, $135M) – A comparison platform of consumer credit products
Investors: Vitruvian Partners, Runa Capital
Series B, $50M
MoneyHero (2012, Hong Kong, $50M) – Financial comparison site
Investors: IFC, Alibaba Entrepreneurs Fund, Goldman Sachs
Series B, $42M
Moneylion (2013, New York City, $67.5M) – Online unsecured personal loans and personal finance management
Investors: Edison Partners, FinTech Collective, Grupo SURA, Greenspring Associates, Danhua Capital
Conventional Debt, $32.8M
ApplePie Capital (2014, San Francisco, $26.4M) – A alternate lending marketplace for accredited investors and franchise businesses.
Series B, $15.8M
EarlySalary (2015, Pune, $21.3M) – NBFC linked lending platform for consumer loans
Investors: Eight Roads Ventures, IDG Ventures India, Deewan Housing Finance Corporation, Ashok Agarwal
Series B, $15M
UpLift (2013, Sunnyvale, $23.2M) – Purchasing financing platform for travel bookings
Investors: PAR Capital Management, Draper Nexus, Erik Blachford
Series A, $13M
Petal (2016, New York City, $16.6M) – Alternative credit card
Investors: Valar Ventures, Brooklyn Bridge Ventures, Afore Capital, Rosecliff Ventures, Great Oaks Venture Capital, New Ground Ventures, Abstract Ventures, Story Ventures, The Gramercy Fund, Third Prime Capital, Riverpark Funds, The Social Entrepreneurs’ Fund
Series A, $12.8M
YieldStreet (2014, New York City, $16.5M) – Online lending plaform for asset-backed loans
Investors: Greycroft Partners, Raine Group, FJ Labs, The Family Office, Expansion Venture Capital, Saturn Partners
Conventional Debt, $9.4M
Finiata (2016, Berlin, $21.5M) – Invoice factoring services provider for freelancers, startups and SMEs
Series B, $5.3M
Accourate (2014, Munich, $5.3M) – Creditworthiness assessment using banking data
Investors: Reimann Investors, Ventech
Conventional Debt, $4.7M
Lendingkart (2014, Ahmedabad, $66.2M) – Online platform that provides working capital for SMBs in India
Investors: FMO
Series A, $3.9M
AnyTimeLoan (2016, Hyderabad, $3.9M) – P2P lending platform for personal, education and business loans
Investors: Spice Digital
Conventional Debt, $3.9M
Lendingkart (2014, Ahmedabad, $66.2M) – Online platform that provides working capital for SMBs in India
Investors: State Bank of India
M&A
- LendingPoint Acquires LoanHero to Accelerate Expansion to Point-of-Sale and Point-of-Need Financing Business Wire
- Frontier Capital-backed AccessOne to Acquire HealthFirst Financial Citybizlist
- China’s Lufax plans Hong Kong IPO in April at US$60 billion valuation: sources South China Morning Post
- UK’s Largest P2P Lender Funding Circle Said to be Planning IPO at £2 Billion ValuationCrowdfund Insider
New Product Announcement
- Wishfin launches India’s first loan application product offering free CIBIL score Asian News International
- Mogo to Give Away Bitcoins to Celebrate Upcoming Launch of the MogoCrypto AccountCNW
- US-based Zillow launches 3D homes in Phoenix Property Portal Watch
- ZIllow Unveils New App For Capturing 3-D Home Tours Inman
- Zopa to launch income verification tool using Open Banking P2PFinanceNews
- Cloud Lending Solutions Announces Lease Xcelerate Software Implementation ProgramGoogle
- Landbay introduces first-time landlord product bridgingandcommercial.co.uk
- P2P Investment Loan Platform Enters Blockchain Sector with ICO Launch WebWire
- Leeds “robo-lender” trials cryptocurrencies Prolific North
- Together introduces commercial bridging product bridgingandcommercial.co.uk
Company Announcement,New Geo Entry
- Kreditech Selects Mambu for Expansion into India Bobsguide
New Geo Entry
- Ferratum expands SME lending to Australia Finextra
- Oportun Opens First Retail Locations in New Mexico, Provides Responsible and Affordable Loans to Residents With Little or No Credit History GlobeNewswire
- KrazyBee to expand in 11 more cities this fiscal Moneycontrol
- Previse to open new base in Glasgow Insider
Secondary
- Enterprise Investors exits Netrisk.hu to MCI Capital Group in €56.5m deal AltAssets
Business Partnership
- Klarna Payments Expands eCommerce Footprint with ACI Worldwide Business Wire
- Chase Partners with AutoFi to Deliver Digital Car-Buying for Dealerships across the Country Business Wire
- Credihealth, MeitY tie-up to boost online health care services newKerala.com
- Audi Financial Services Latest Lender to Join AutoGravity Auto Finance News
Company Announcement
- FOLK2FOLK enables ISA transfers Finextra
- Money360 Milestone: Surpasses $500 Million in Commercial Real Estate Loans Closed; M360 Advisors Hits $300 Million in Assets Crowdfund Insider
Key People Movement
- MoneyTap appoints Shamik Sharma as tech advisor Indiatimes
- CoreLogic Announces General Counsel Appointment Business Wire
- Adam Garfinkle Named Chief Financial Officer at Renovate America PR Newswire
- Folk2Folk Announces New CEO as Giles Cross Takes Over Leadership Role P2P Lending Platform Crowdfund Insider
- Paisabazaar.com brings on board Jagmal Singh as CTO Asian News International
- Blockchain pioneer joins Mogo as special advisor Investment Executive
- BlueVine Names Ana Sirbu as Chief Financial Officer PR Newswire
Board Updates
- LendingClub Appoints Patty McCord to its Board of Directors PR Newswire