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China’s P2P Lending Market Expected To Shrink In 2019

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The P2P lending market in China has been rife with scams and controversy for some time now. Prior to the recent activity on the part of the Chinese government , this type of lending was seen as one of the riskiest and least regulated areas of the financial markets. trillion yuan by the end of 2017, reported Bloomberg.

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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

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TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. This is the digital bank’s fourth acquisition of a working capital loan portfolio. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff.

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Today In Payments Around The World: Red Dot Lands $200M For Tech Startups; Walmart Sells Retail Locations To Grupo de Narváez

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In today’s top payments news around the world, Red Dot Capital Partners has landed $200 million to invest in tech firms, Walmart announced it would sell its retail operations in Argentina to Grupo de Narváez. Israeli’s Red Dot Capital Raises $200M For Southeast Asia-Focused Tech Startups. work to come up with a new trade arrangement.

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MetLife To Gain 35M Members With Versant Health Acquisition

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MetLife is hoping to capitalize on statistics that over 90 percent of employees would be interested in receiving vision insurance from their employers, according to the release. Business for MetLife, said the acquisition would "make our market-leading group benefits business even more attractive," according to the release.

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London FinTech SumUp Gets Digital Money License From Irish Central Bank

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SumUp has been active in Ireland since 2012 and has introduced electronic payments to thousands of businesses. Last year the company was awarded a $371 million loan backed by Goldman Sachs Private Credit and Bain Capital Credit to finance its growth into 31 markets.

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New Funding Values Swedish FinTech Startup Tink At $824 Million

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The new funding round of €85 million was co-led by French private equity firm Eurazeo and Dawn Capital. The company is planning to use the new infusion of capital to expand its payments capabilities, Kjellén said, adding that that’s where Tink will “probably see the strongest growth right now.” 11), citing sources.

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Affirm IPO Now On Track To Raise More Than $1.1 Billion

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Affirm , which provides installment payments to online consumers, priced its planned initial public offering (IPO) at $49 per share, higher than its marketed range of $41 to $44 per share, and is on track to raise over $1.1 At $44 per share, Affirm would have a market capitalization of $11.9 billion, Bloomberg reported.

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