InvestUP Officially Comes Out of Beta at Finovate Europe with Full-Featured UK Retail Crowdlending Portal

Dom Wolf and James Tuckett at Finovate Europe 2016

Top Story

At a time when many a crowdlending platform focuses on attracting institutional investors, it is very refreshing to see a startup go back to the roots of crowdfunding by addressing the needs of the crowd, the 99%, the retail investors. investUP is a crowdfunding portal… Read More

Down Again: Biz2Credit Reports Small Business Loan Approvals by Banks Continue to Decline

Rohit Arora

Loan approval rates at both big banks and small banks dropped in January 2016, according to the Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit. Additionally, loan approval percentages at credit unions fell to an… Read More

Lemonade: World’s First Peer-to-Peer Insurance Platform Receives Backing from Lloyds & Berkshire Hathaway

Lemonade Insurance

Lemonade, a peer to peer insurance platform that seeks to address the profound shortcomings of the multi-trillion dollar insurance industry now has some prominent names backing the young company.  Announced today, Lemonade has now received the support of “top tier” global reinsurance partners including Berkshire… Read More

BizFi Announces 2015 Fourth Quarter Results: Originates $142M in Financing

Stephen Sheinbaum

Bizfi, a premier FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses, announced it originated over $142 million in business financing in the fourth quarter of 2015 – a record for any one-quarter since the founding of the company… Read More

Peter Thiel to Deliver Keynote Address at LendIt USA 2016

Peter Thiel

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

UC Berkeley Research Reveals: Women Raise More Money With Crowdfunding

Women and Crowdfunding

This week, UC Berkeley Haas School of Business assistant professor, Andreea Gorbatai, announced in a recent report that is currently under review, women reportedly raised more money with crowdfunding. Gorbatai revealed to Entrepreneur that women generally use words that talk about positive emotions — for example,… Read More

KoreConX Unveils Compliance Tool for Exempt Market Dealers

Manuj Grove

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced this week it has developed a new compliance tool for exempt market dealers (EMDs) known as Chief Compliance Officer (CCO) Module. According to KoreConX, the… Read More

Brief: Seedrs Congratulates Andy Murray on the Birth of His Daughter

Andy Murray

On Tuesday, crowdfunding platform Seedrs congratulated British tennis player, Andy Murray, on the birth of his and wife Kim Sears’ daughter. The Seedrs team took to the portal’s Twitter account and wished Murray and Sears the best. Congratulations @andy_murray and #KimSears on the birth of… Read More

Darren Westlake Sets the Record Straight About Crowdcube’s Platform Performance

Darren Westlake CEO Crowdcube

While in the midst of celebrating Crowdcube’s fifth birthday, co-founder and CEO of the crowdfunding platform, Darren Westlake, took some time to address issues and rumors that have surfaced over the years. Westlake stated: “Some of you may have seen the recent press coverage on… Read More

New Look Founder & Various Angels Invest in UK Crowdfunding Aggregator OFF3R

lex deak

OFF3R, a mobile crowdfunding aggregator, announced on Monday it is eyeing a major expansion after receiving a £480,000 investment from various investors including New Look founder Tom Singh, super-angel Daniel McPherson, Earlymarket and Head of Marketing from Rocket Internet-backed Jumia. Lex Deak, the founder of OFF3R, stated: “We… Read More

Prosper Publishes Financial Wellness Study: Americans Struggle with Money but Fintech Can Help

Screen Shot 2016-02-09 at 10.31.22 AM

Prosper Marketplace has published a survey on the “Financial Wellness” of the nation.  According to Prosper, their metrics indicate that nearly 60% of the population does not have “financial freedom” and manystruggle  to accomplish their financial goals. The survey included 1,000 Americans, aged 18 or older… Read More


Geoff Howard Joins National Funding Team as Executive VP

Geoff Howard

National Funding, a private lenders of small business loans, today announced that industry veteran Geoff Howard has joined its executive team as Executive Vice President of Technology. Howard joins National Funding from Intuit during the company’s fastest-growth period, which has experienced a 172% revenue growth surge… Read More

Crowdcube Celebrates Fifth Birthday By Putting Together a Timeline of Significant Events & Milestones

Birthday

On Tuesday, UK-based Crowdcube celebrated its fifth birthday by unveiling a timeline of significant events and equity crowdfunding milestones. Sharing his thoughts about the portal’s successes so far, co-founder of Crowdcube, Darren Westlake, stated: “The past five years have been amazing. To think that we’ve created… Read More

SyndicateRoom & Wayra UK Partner to Guide Startups through Funding Journey

Gary Stewart, Director of Wayra UK

SyndicateRoom and startup accelerator Wayra have joined to collaborate to aid tech startups in their funding “journey”. SyndicateRoom, a leading UK equity crowdfunding platform, is said to work closely with current and future companies participating in the Wayra program.  For qualified startups, SyndicateRoom will help… Read More

London Whale Boss Achilles Macris Hit with £729,900 Fine Courtesy of FCA

Sperm Whale

The Achilles Macris, a former JP Morgan Chase executive and boss of the legendary London Whale, was hit with a £729,900 fine for “failing to be open and cooperative. The penalty was assessed by the Financial Conduct Authority (FCA).  Mark Steward, Director of Enforcement and… Read More

EY & Swiss Finance + Technology Association Release New Report: Swiss Role in Fintech

ey swiss fintech report

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

UK Fintech Group Hello Soda Taps into South East Asian Market, Targets ASEAN Economies

hello soda team with ugly sweaters!

UK FinTech firm Hello Soda, headquartered in Manchester, has launched ‘Hello Soda Asia’, its new South East Asian venture. The new FinTech venture which gives the firm a strategic foothold in South East Asia, will operate out of Bangkok, Thailand and Singapore, and will specifically… Read More

Brief: NovitasPartners and FTCL Merge Firms to Meet Growing Demands in Fintech Sector

John Gilligan

NovitasPartners and FTCL, two UK boutique corporate finance firms specialising in the fintech sector, today announced their merger to meet the growing demand for corporate finance advisory services from clients within the payments, data, financial software, market infrastructure, business process outsourcing, and securities services subsections…. Read More

Brief: KPMG Acquires Fintech Markets IT, a “Timely and Strategic” Opportunity

Gary Wingrove

KPMG has acquired fintech platform Markets IT for an undisclosed sum, in an effort to expand its “big data” capability and help banking clients grapple with a barrage of regulatory change, according to the Financial Review. KPMG Australia CEO Gary Wingrove referred to the merger as a “timely… Read More

Bond Street Partners with Booker: Aims to Simplify Financing Process

david haber

Bond Street, an online lending platform for small businesses, and Booker, an all-­in-­one local service commerce platform, today announced a partnership to provide fairly­priced lending capital to help facilitate the growth of companies on the Booker platform. “Bond Street shares Booker’s mission to minimize the… Read More