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Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suiss

Nice statistics: 25 million users!

WeLab, a financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity...…

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Chinese Fintech Firm Qudian Impresses in U.S. Market Debut

Shares of Qudian, backed by Ant Financial, which runs a mobile platform that allows college students and young workers to borrow amounts...

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Amazon Could Be Your Lender, Too

Amazon has been engaging with banking regulators over the past two years and is rumored to be considering starting a consumer lending...

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P2P lender Zopa set to reopen to new investors

Loans platform says it will take on lenders by the end of this year. OGC portfolio company, Zopa, the UK’s first peer-to-peer lender, is...

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A Missing Piece in China’s Economy: Consumer Credit Ratings

A lack of a single accepted standard, like FICO, is hampering access to credit for some 500 million potential Chinese borrowers.

Mr. Fine’s work with Beijing-based Finup Credit Co. is part of a scramble to plug a gap in China: The world’s second-largest economy...…

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