Soonicorn Club
- Soonicorn
Prosper (2005, San Francisco, $410M) – P2P Lending Marketplace
Market: Alternative Lending > Consumer Loans > Unsecured Personal Loans > P2P Marketplace
Analyst Picks
- Legalist (2016, San Francisco, $10.1M) – Algorithm-based litigation financing for commercial lawsuits
Market: Alternative Lending > Business Loans > Litigation Financing - Liquidity Marketplace (2016, Vancouver) – Marketplace for unintermediated borrowing and lending between institutional members
Market: Alternative Lending > Business Loans > Working Capital
Funding Rounds
Series B, $220M
WeLab (2013, Hong Kong, $400M) – Alternate lending solutions for consumers
Investors: Alibaba Entrepreneurs Fund, IFC, CCB International, Credit Suisse
Conventional Debt, $130M
BlueVine (2013, Redwood City, $113M) – Online invoice factoring company
Investors: Silicon Valley Bank, Suntrust Banks, Bank Leumi, TriplePoint Venture Growth
Series A, $102.5M
Finova Financial (2015, San Francisco, $155M) – Direct lender for car title loans
Investors: Coventure
Conventional Debt, $99.7M
Patch of Land (2013, Los Angeles, $24.8M) – P2P real estate crowdfunding platform.
Conventional Debt, $60M
Lendified (2015, Toronto, $4M) – Platform providing fixed rate working capital loans to small businesses
Investors: ClearFlow
Series C, $57M
LendingHome (2013, San Francisco, $166M) – Alternative lending and investment platform for mortgages.
Investors: Sberbank, Noah Holdings
Series E, $42M
Credit Sesame (2010, Mountain View, $77M) – Personal finance management and price comparison of financial products
Investors: Menlo Ventures, Inventus Capital Partners, Globespan Capital Partners, IA Capital Group, SF Capital Group
Series D, $30M
BankBazaar (2008, Chennai, $110.1M) – Loan comparison platform
Investors: Experian, Amazon, Sequoia Capital, Eight Roads Ventures, Walden International
Conventional Debt, $24M
Jumo.World (2015, Cape Town, $10M) – Mobile money marketplace for people, SMBs and MNO
Investors: Gemcorp, Finnfund
Series A, $10.4M
Kissht (2015, Mumbai, $12.4M) – EMI-based purchase loans platform
Investors: Fosun, Ventureast, Endiya Partners
Series A, $10M
OAREX (2012, Cleveland, $10.1M) – Revenue advance provider to digital media companies
Investors: Arena Investors
Series A, $8M
KrazyBee (2016, Bangalore, $13M) – EMI based purchase loans for students
Investors: Xiaomi, Shunwei Capital, E City Ventures, RK Ventures
Series A, $7.7M
Openpay (2016, Melbourne, $7.7M) – Purchase financing platform
Investors: Meydan, Investec, Strategic Legacy Investment Group, Inc.
Series A, $5.3M
Hello Soda (2013, Manchester, $5.3M) – AI-based credit scoring provider based on digital footprint.
Investors: NVM Private Equity
Series A, $5M
Invoice Bazaar (2015, Dubai, $6.1M) – Online invoice factoring platform
Investors: Advance Global Capital
M&A
- SoFi held acquisition talks with Charles Schwab TechCrunch
IPO
- PPDAI eyes IPO in the US Chinadaily
- Hexindai Announces Pricing and Closing of Initial Public Offering PR Newswire
- Yixin gears up for $867m IPO Global Corporate Venturing
New Fund Launch
- Italian peer-to-peer lender launches its own fund, targets €100m raise AltFi
New Product Announcement
- Affirm Reinvents Credit for 21st Century Business Wire
- MarketInvoice launches business loan product, targets startups AltFi
- London Launch of Capital Match at Squire Patton Boggs ukbaa.org.uk
- MoneyLion Takes on America’s Savings Crisis with the Launch of MoneyLion PlusBusiness Wire
- Citizens, Fundation Partner to Offer Digital Business Loans ABFJournal
Business Partnership
- AutoGravity Announces Partnership With Global Lending Services PR Newswire
- Xiaomi India partners with ZestMoney for cardless EMI Business Standard
- Lenddo and EFL Team Up to Lead Financial Inclusion Revolution PRWeb
- Clix Capital partners Airtel, Seynse Tech for mobile financing Business Standard
- FICO Raises Bar in Financial Inclusion Strategy with India FICO Score LaunchAsiaBizNews
- LendInvest enters partnership with Citi to access buy-to-let market P2PFinanceNews
- Orchard Partners with Bloomberg with Online Lending Data Crowdfund Insider
- loanDepot Announces Agreement with Artificial Intelligence Real Estate Technology Company, OJO Labs PR Newswire
- Online Lender Prospa Forms New Partnership With Retail Marketplace MyDeal Crowdfund Insider
- OfferPad, loanDepot partner on Scottsdale-based home loan company Bizjournals
- Quicken Loans brings digital mortgages to secondary market through eOriginal partnership HousingWire
- LendKey Partners with Allied Solutions Citybizlist
- Embrace Home Loans Partners with Spillane Consulting Associates Business Wire
Company Announcement
- MarketInvoice expands into business loans market P2PFinanceNews
- RateSetter Receives Full Regulatory Authorization From FCA Crowdfund Insider
- Capital Float to now give loans to vegetable sellers, other SMEs Indiatimes
- OnDeck to offer real-time access to capital via small business debit cards Finextra
- SocietyOne Takes On Comprehensive Credit Reporting Role in Australia Crowdfund Insider
Earnings Release
- LendingClub Reports Third Quarter 2017 Results PR Newswire
- CoreLogic Reports Third Quarter 2017 Financial Results Technology Marketing Corporation
- Ondeck reports Q3 gaap loss per share $0.06 Indiatimes
Key People Movement
- S.F. fintech LendUp hires first CFO from Tesla’s ranks Bizjournals
- SoFi Withdraws U.S. Banking Application, Citing Leadership Change Fortune
- Better Mortgage Adds Real Estate Tech Veteran Jeff Corbett to Their Growing TeamBusiness Wire
Board Updates
- CoreLogic Names Two New Independent Directors Business Wire