The notorious Berlin-based incubator launched a peer-to-peer lending platform called Lendico which connects borrowers with lenders, along the lines of LendingClub, Prosper, and Zopa.
Kabbage just announced it has closed a credit facility of $75 million, its largest to date. With these funds, Kabbage aims to provide 100,000 advances by the end of 2013.
On Deck’s mission lend cash to small businesses has helped it raise a fresh $42 million.
Peer-to-peer lending marketplace Prosper.com raises $20M in new funding to accelerate growth.
Peer-to-peer lending startup Prosper makes no secret of its support for the Occupy Wall Street movement, which seeks to break the hold of banks on the American political process. Prosper wants to do a similar thing, by creating a sort of bank that is owned by and run for the people.
Union Square Ventures made its first late-stage investment today, leading a $25 million raise for peer-to-peer lending startup Lending Club.