Illinois Crowdfunding Starting Strong in 2017

vestlo-1871-howard-orloff-anthony-zeoli

Top Story

While it took longer than expected to get here, Crowdfunding for Illinois businesses is now officially up and running and its full steam ahead. To mark the occasion, a joint press conference was held yesterday at local incubator 1871 which I was privileged to be… Read More

Banks, Startups and Trolls to Duke Over Blockchain?

Bitpieces Bitcoin

Reports came out during the holiday season last year of banks quietly stocking up on blockchain patents.  Banks will compete with startups making the same moves.  They will also compete for patents with trolls who suppress innovation. The future of blockchain innovation depends on who… Read More

Credible Raises $10 Million in Series B Funding

stephen-dash

Credible, a multi-lender marketplace for student and personal loans, has closed on a $10 million Series B funding round.  The newest round brings total funding to $23 million to date for the young Fintech firm. The series B funding round was led by Regal Funds… Read More

Lending Club Releases Investor Update on Loss Forecasts

Lending Club booth

lending clubLending Club (NYSE:LC) has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. The letter includes an update on expected delinquency rates across the existing loan portfolio following changes made several times in 2016, and implemented additional changes… Read More

Fintech Venture Capital Firm Motive Partners Launches & Invests in LMRKTS

fintech

Motive Partners, an investment firm focused exclusively on fintech companies, has officially launched and is seeking to invest, operate and innovate across the financial technology ecosystem. The firm, which now has offices in London and New York City, stated it was launched to address the… Read More

Sharestates Tops $275 Million in Real Estate Investment

allen-shayanfekr-and-raymond-y-davoodi-sharestates

Sharestates, a real estate crowdfunding platform, has hit $275 million in loans since platform launch in 2015.  The milestone makes Sharestates one of the largest online real estate investment platforms of its kind.  Sharestates said the December 2016 was the most active month in the… Read More

BorrowersFirst Secures Additional $100 Million in Debt Financing to Accelerate Loan Originations

grant-money-dollars-50

Online consumer lending platform, BorrowersFirst, announced on Wednesday it secured an additional $100 million in debt financing to accelerate loan originations, and fund the continuous growth of its balance sheet.  With this new facility, the lender has secured $400 million to support its profitable growth. … Read More

Credit China FinTech Named a Founding Member of the Global Blockchain Business Council

sheng-jia-credit-china-fintech

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, was announced as a founding member of the newly developed organization, Global Blockchain Business Council (GBBC). Credit China FinTech is reportedly one of the 25 founding members of the GBBC and is considered the only… Read More

Onfido News: Now Offers 2 Billion Unbanked Individuals Worldwide with Machine Learning-Based Solution

onfido

Onfido, a global identity verification company, announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. The company stated it plans to use its proprietary technology to verify people’s identification by comparing an identity document… Read More

Amplifier Foundation Raises Over $1.3 Million on Kickstarter to Present “We the People” Artwork on Inauguration Day

we-the-people-1

Last week, the Amplifier Foundation, teamed up with 2008 President Obama HOPE artwork creator Shepard Fairey, Colombian American muralist Jessica Sabogal, and Los Angeles artist Ernesto Yerena, to launch a Kickstarter campaign for “We the People” artwork, which will be presented at Inauguration Day this… Read More


China: WeiyangX Fintech Review

ant-financial-jack-ma-china-alibaba

Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

School Notices Secures Nearly £825,000 During the Final Hours on Crowdcube

school-notices

With less than 24 hours until its Crowdcube campaign comes to an end, fundraising platform School Notices has successfully secured nearly £825,000 in funding thanks to 186 investors. The portal launched its initiative last month and was originally seeking £700,000. School Notices was founded in 2014 by… Read More

Seed&Spark Announces Entertainment Initiative #100DaysOfDiversity

Emily Best Seed&Spark Indiewire

Seed&Spark, the independent film crowdfunding platform, announced on Wednesday the launch of its latest entertainment initiative, #100DaysofDiversity, which is described as a movement that’s joining creators, audiences, brands, festivals, and organizations to actively increase representation in entertainment in 100 days starting January 20th. The crowdfunding platform… Read More

Lending Club Schedules Q4 Earnings Release for February 14th

scott-sanborn-at-lendit-2015

Lending Club (NYSE: LC), the leading US marketplace lending platform,  will issue its Q4 earnings report on Tuesday, February 14, 2017, after market close. Lending Club will host a conference call to discuss the fourth quarter financial results at 2:00 p.m. PT / 5:00 p.m. ET on… Read More

Report: Crowdfunding Delivers More Cash to Business than UK Startup Loan Scheme

Adam Smith Money UK

The Crowd Data Center is out with a report stating that seed crowdfunding is more effective in delivering more money to businesses than the UK government’s program: 40% more funding in 2016 than the government funded Startup Loans scheme. The Crowd Data Center has collected… Read More

Fintech Startup Destacame Completes Seeds Funding Round: Looks to Expand Access to Credit in Latin America

jorge-camus

Chilean-based fintech startup Destacame announced the closing of its seed round of financing.The round was led by Accion Venture Lab, the seed-stage investment vehicle of Accion. Destacame describes itself as an alternative credit scoring platform that uses alternative data to assess an individual’s creditworthiness. Destacame’s proprietary… Read More

Mosaic Appoints Former Prosper Director Amir Friedman as VP of Bank Partnerships

amir-friedman

Solar loan provider Mosaic announced on Wednesday it has appointed Amir Friedman as Vice President of Bank Partnerships. The lender revealed that in this newly created role, Friedman is set to oversee its whole loan sale program with banks, insurance companies, credit unions, and other financial institutions. Friedman… Read More

UK P2P Lending Association Publishes Q4 Data: Ongoing Growth Indicative of Confidence

p2pfa-q4-2016-graph

Fourth Quarter UK Peer to Peer Lending Hits £844 Million The UK Peer to Peer Lending Association (P2PFA) has published Q4 data for both SME and consumer lending. The P2PFA said “fourth quarter of 2016 has demonstrated continued growth, with the expansion in lending volumes… Read More

Turf War! New York State Department of Financial Services Tells OCC to Back Off Fintech Charter

cannon-howitzer-gun

    I expect to see more of these comment letters as battle lines have clearly been drawn regarding the debate on the proposed Office of the Comptroller of the Currency (OCC) Fintech Charter. In brief, the OCC has proposed crafting a Fintech Charter for… Read More