General News

Zopa’s 2015 Annual Report Reveals: £8.9M Loss Despite Revenues Almost Doubling

Zopa Sketch Jaidev-Janardana

On Friday, peer-to-peer lender Zopa released its 2015 annual report and financial statements. The numbers revealed that despite loans disbursals more than doubled, rising from £265 million disbursed in 2014 to £532 million, and revenues for the year increased £11.5 million in 2014 to £20.6 million,… Read More

Marketplace Lending Association Hires Veteran Bank Lobbyist

Nat Hoopes

The Marketplace Lending Association has hired an Executive Director who has spent the past few years advocating on behalf of very big banks. Nat Hoopes, formerly the Executive Director of the Financial Services Forum, will now be working the halls of Congress on behalf of… Read More

Potato Salad Kickstarter Creator Begins Shipment of Cookbooks

Zach Brown

Zack “Danger” Brown, the creator of the 2014 Potato Salad Kickstarter, announced last week his cookbook, The Peace, Love & Potato Salad Cookbook, is now being shipped to backers. In July, Brown stated the cookbook, which was co-written with Teresa Blackburn, was created for those who pitched in… Read More

Clickbait: American Banker Article Declares Marketplace Lending Unsustainable

Haters

Publishing on the pages of American Banker, Todd Baker has written off the entire industry of marketplace lending. Baker states, “it should be obvious now that marketplace lending is unsustainable.” A pretty strong statement for a sector of alternative finance that has, until recently, experienced… Read More

“Con Man: The Game” Officially Releases on iTunes & Google Play (Video)

Con Man 3

On Thursday, Con Man: The Game officially made its debut on iTunes and Google Play. The new smartphone app game is part of the hit series Con-Man, which was funded last year on Indiegogo. The game’s description reads: “Have you ever tried to run your own comic book convention?… Read More

Lending Works Reflects on the Brexit Economy Two Months Later

Lending Works Directors Portraits

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

Digital Cash: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Align to Test Blockchain in “Real-Market”

clearmatics

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

Lendingkart Hires Amazon and PayU Execs to Help Instigate Growth in India

rupee

Indian SME lender Lendingkart announced new hires plucked from Amazon and PayU India, reported Pymnts.com. Vishal Chopra, a former Amazon India exec, will join Lendingkart’s team as CRO, while Nihit Nirmal, formerly of PayU India, will join as SVP of products. “Lendingkart Group NBFC has emerged as… Read More

Hybrid Air Vehicles Confirms: Airlander 10 Made Contact With Power Line Outside Airfield Before Crash Landing

Airlander 3

Following the Airlander 10 crash landing during its second test flight yesterday, Hybrid Air Vehicles announced what happened to the aircraft just before it made that rough ground contact. The wing-shaped aircraft is notably able to fly for up to five days at a time if… Read More

Indiegogo Partner Arrow Electronics Announces Crowdfund-to-Production Service

Arrow Electronics

Worldwide technology company and Indiegogo partner, Arrow Electronics, Inc. (NYSE: ARW), announced on Thursday the launch of its new crowdfund-to-production service. This new service reportedly aims at accelerating the pace of innovation for technology and internet of things (IoT) entrepreneurs. Those interest in applying for an… Read More

Mumbai-Based InCred Financial Secures $75M During Funding Round Led By Former Deutsche Bank Co-CEO

India Money

Mumbai-based non-banking financial company, InCred Finance, announced on Monday it secured Rs 500 crore ($75 million) during its funding round, which was led by Anshu Jain, the former co-CEO of Deutsche Bank, with participation from angel investors and private equity firms. According to Business Standard, Jain invested… Read More

Indiegogo on Communication: “Your Backers Are Investors, Treat Them That Way”

telephone hang up communication

On Wednesday, global crowdfunding platform Indiegogo offered some key advice to campaign organizers about the importance of communication, especially after the initiative successfully secure funds and close. The Indiegogo team revealed that while campaign is finished, the most important thing for organizers to do is… Read More

Hybrid Air Vehicles’ Airlander 10 Crashes During Second Test Flight (Video)

Airlander 3

Just one week after its exciting and highly anticipated first flight, Hybrid Air Vehicles’ Airlander 10 experienced an issue and crashed during the final minutes of its second test flight on Wednesday. Airlander 10 is a wing-shaped aircraft that can fly for up to five… Read More

LendIt Founder Slaps Down Bloomberg Article on Lending Club “Shady Loans”

Peter Renton LenditUSA 2016

Peter Renton, founder of LendIt and online lending industry advocate, has take to the pages of Lend Academy to defend Lending Club (NYSE:LC) following a critical article by BloombergBusinessweek. The Bloomberg article, co-authored by Max Chafkin and Noah Buhayar, hammered Lending Club by questioning the… Read More

CCA Provides Reg CF Perspective for First 3 Months

Reg CF Title III

Crowdfund Capital Advisors (CCA), along with the help of Crowdnetic, has added some detail to the first 3 months of Reg CF / Title III retail crowdfunding.  CCA describes the progress as a “healthy start”.  Reg CF, a securities exemption that lets small issuers raise… Read More

Crowdcube #FundedClub Member LUMO Set to Launch Kickstarter For Three New Products

LUMO 1

Crowdcube #FundedClub member, LUMO, is set to return to crowdfunding platform Kickstarter to raise funds for three new products next month. The company took to its Twitter account to announced the big news on Tuesday. The countdown is on. New things coming your way on… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

growing-cabbage-vegitable green grow

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Brief: Bank of Japan Considers Fintech Viable Option for Central Banking

yen

Bank of Japan Governor Haruhiko Kuroda said the central bank may finally apply fintech to its future operations  given its growing influence on global payments, settlements and financial services, reported Reuters. Signaling that the BOJ is ready to initiate research to promote Japanese fintech given it has “various… Read More