StageLine of Credit | Alive
Last Raised$223.06M | 6 mos ago
Fluro is a peer-to-peer lending platform that matches shrewd lenders with creditworthy personal loan borrowers so that both receive a better deal. By cutting out the large financial institution in the middle, lenders receive great returns, and borrowers receive low-cost, flexible personal loans. There are no banks, no big bonuses, and no sneaky fees. The company was formerly known as Lending Works and rebranded to Fluro in September 2022. It was founded in 2014 and is based in London, U.K.
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Expert Collections containing Fluro
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fluro is included in 2 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
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Latest Fluro News
Mar 6, 2023
Fluro reveals that south of England suffers from increased fraud Monday 6 March 2023 08:56 CET | News UK-based personal loan provider Fluro has researched the areas of the UK where fraud is most prevalent to see what types of fraud cost consumers and businesses the most. According to the research , since 2021 52,054 fraud cases were reported to London Metropolitan police force, costing consumers in Greater London (excluding City of London) a total of GBP 450.5 million. Surrey follows next as the second largest fraud hotspot in the UK with 6,456 reported cases amounting to a total loss of around GBP 40.5 million. Thames Valley ranks third with reports over a 12-month period totalling 12,246 for a total loss of GBP 77.5 million. Prevalent types of fraud Financial investment schemes is the top type of fraud responsible for the biggest cash loss, totalling GBP 337.9 million in 2022. In just one year there were 14,847 reports of fraud relating to financial investment schemes, through which the public lost a total of GBP 337.9 million. Pyramid and Ponzi schemes are the second most costly type of fraud on a nationwide scale, with 3,740 cases leading to a total loss of GBP 250.4 million. Share sales and boiler room fraud round off the top three most expensive types of fraud, with losses totalling 146.7 million. Fraud is widespread and increasing Since 2021, the total number of fraud reports made to Action Fraud, Cifas, and UK Finance rose by 6.49%, resulting in an increase in loss of USD 20 million. Reports of online shopping and auction fraud rose by 55.68% YoY, which might be a sign that scammers are using increasingly sophisticated schemes and a warning sign that shoppers need to take extra care when paying for goods and services online. Tips to avoid being scammed Fluro’s officials said that fraudsters are constantly inventing new ways to trick people, which is why it’s crucial that individuals stay up to date on the latest best practices for preventing scams. They note that there are some important steps that people should do to not get scammed. Never give your personal information to organisations or people without confirming their credentials. Be extra cautious of unsolicited calls, texts, or emails that ask for personal or financial information like your name, address, bank details, email address, or phone number. Instead, always contact the company directly using a phone number or email address on a legitimate piece of correspondence they’ve sent you. If a business opportunity or deal seems too good to be true, it probably is. Always question letters, phone calls, or emails offering you a seemingly amazing deal out of nowhere. Trust your gut and listen to your instincts, always question it if it feels wrong. Don’t click any link in an email asking you to confirm your bank details. If you receive an unexpected email or text from your bank, remember that they will never ask you to confirm your details by clicking a link - even if it might look genuine, fake email addresses and phone numbers can be made to mimic the official ones. Your bank will never ask you to transfer money to a ‘safe account’. Your bank will never call you and request your OTP (one time passcode) to authorise payments, set up a new payee or register a device for online banking. Your bank will never ask you to reveal your PIN or password for online banking. Always check large credits into your bank account. Be wary of references such as ‘loan’ and contact the organisation it came from directly if you are suspicious. Free Headlines in your E-mail Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Fluro Frequently Asked Questions (FAQ)
When was Fluro founded?
Fluro was founded in 2014.
Where is Fluro's headquarters?
Fluro's headquarters is located at 55 Old Broad Street, London.
What is Fluro's latest funding round?
Fluro's latest funding round is Line of Credit.
How much did Fluro raise?
Fluro raised a total of $236.41M.
Who are the investors of Fluro?
Investors of Fluro include BNP Paribas, Intriva Capital, NVM Private Equity, Maven Capital Partners, Pollen Street Capital and 5 more.
Who are Fluro's competitors?
Competitors of Fluro include Lendable and 1 more.
Compare Fluro to Competitors
Prosper provides a lending marketplace that connects people who want to invest money with people who want to borrow money. It offers affordable and personalized financial solutions that empower customers across the credit spectrum. The company was founded in 2006 and is based in San Francisco, California.
Harmoney Limited is peer-to-peer lending service that operates by connecting individuals who want to borrow with individuals who want to invest. Harmoney provides unsecured personal loans on a range of terms and competitive interest rates.
Zopa is a peer-to-peer lending company that directly matches people looking for a low-rate loan with investors looking for a higher rate of return. It also comes with a range of credit cards and a mobile application that is available for both Android and iOS users. The company was founded in 2005 and is based in London, England.
Instacash develops a lending technology that uses credit card line pre-authorizations as collateral. The company was founded in 2020 and is based in Peru.
Lendable is a lending platform providing instant loans at fair rates.
Lending Club offers an online peer-to-peer lending platform allowing members to directly invest in and borrow from each other. It utilizes technology and innovation to reduce costs and offer borrowers better rates and investors better returns. The company was founded in 2006 and is based in San Francisco, California.
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