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The consumer-focused online deposit-taking and lending platform is due to launch in the UK later this year.
CEO Rhydian Lewis said that getting regulated has been "a long but positive journey during which we have learnt a lot."
Cofounder and CEO Boris Batin told Business Insider at the LendIt Europe conference that ID Finance hopes to raise the money through a series of bond issuances.
CEO Samir Desai told Business Insider: 'We believe that our business should be a public company.'
Any consumer downturn could mean the first serious test of peer-to-peer underwriting standards.
Its Marcus brand will launch in the middle of next year, according to the bank's head of strategy Stephen Scherr.
Funding Circle is launching its new 'Made to Do More' campaign with a TV advert during the premiere of the hit baking show on Channel 4 on Tuesday.
New York regulators have subpoenaed the online lender over the interest rates and fees it charges customers.
Online lending startups — once thought to be major disruptors to the traditional banks — are looking for new ways to boost revenues, and yield.
The online lending market could be saying something bad about the US economy. Or not.