Tagged: debt

Los Angeles Fintech Startup ProducePay Secures $7 Million in Equity & $70 Million in Debt Financing 

Los Angeles-based fintech startup ProducePay has secured $7 million in equity and $70 debt during its recent financing round, which was led by CoVenture with participation from Menlo Ventures, Arena Ventures, Red Bear Angels, and Social Leverage. ProducePay, which was founded in 2014, describes itself… Read More

Goldman Sachs Introduces First Advertising Campaign Aimed Towards The Masses (Video)

Goldman Sachs (NYSE:GS) has launched its first advertising campaign that is aiming towards those in need of getting out of their credit card debt and looking for a fixed-rate, lower-cost personal loan. According to CNBC, The new 15 and 30-second campaign ad will appear on various video… Read More

Kanye West Will Not Be Taking Any Funds from GoFundMe Campaign

Following the launch of a fan running GoFundMe campaign to help Kanye West, sources close to reportedly “debt-stricken” musician revealed that he won’t be taking ANY of the funds from the initiative. The organizer of the campaign, Jeremy Piatt, revealed to TMZ that he was contacted by… Read More

Hey Yeezy Fans: New GoFundMe Campaign Launches to Help Kanye West Out of His $53M Debt

Following Kanye West stating on Twitter that he is $53 million in debt, fans of the hip hop recording artists are hitting crowdfunding platform GoFundMe to help get him “back on his feet.” The campaign, which was organized by Yeezy fan, Jeremy Piatt, reads: “Recently, Kanye… Read More

Invesdor Looks Back at 2015: Breaking Borders

Ready to ring in the new calendar year with positive thoughts and motivation, debt and equity based crowdfunding platform, Invesdor unveiled more details about its success throughout 2015. The Helsinki-based website shared: “Over the last 12 months, Invesdor has grown. So has the European crowdfunding scene…. Read More

CommonBond Set to Provide Each Employee up to $100 Per Month For Student Loan Repayment

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

Greek Bailout Indiegogo Initiative Falls Short of €1.6BN Goal; Organizer Launches Second Funding Project

Last week, Londoner named, Thom Feeney, has launched a nine-day crowdfunding campaign on Indiegogo to raise €1.6 billion so that the small country’s residents can be free of the crazy debt. The campaign read: “All this dithering over Greece is getting boring. European ministers flexing their muscles and posturing over whether… Read More

Londoner Seeks to Raise €1.6BN on Indiegogo to Save Greece From Debt Crisis

In order to save Greece from its bad financial situation, a young Londoner named, Thom Feeney, has launched a nine-day crowdfunding campaign on Indiegogo to raise €1.6 billion so that the small country’s residents can be free of the crazy debt. Last week, the country missed its €1.6 billion ($1.8… Read More

Lending Club CEO: “Our Goal Is To Transform The Banking System”

Lending Club CEO Renaud Laplanche spoke with The Street recently about Lending Club’s growth and long-term goals as a platform. He didn’t shy away from the platform’s ultimate goal, which is to disrupt and bring increased efficiency to the banking sector. He also spoke briefly… Read More

Brief: Lending Club Ceases Daily Platform-Wide Loan Origination Data Updates

Lending Club will make a change to their platform that will result in the removal of daily loan origination data across the platform. They’ll instead opt to share data on a quarterly basis. The announcement came via Lending Club’s blog… Instead of posting new issuance… Read More

Growing Pains as Global Crowdfunding Comes of Age

It’s growing up fast. As crowdfunding hits what I suppose you might call it’s second official birthday on 5th April – Global Crowdfunding Day (#GlobalCFDay) – it may have a dose of the “terrible twos.” It’s certainly disruptive enough. It’s not toddling but racing away. Now… Read More

Prosper Becomes Latest Billion-Dollar Platform, Underscores Peer Lending Dominance

$1 billion in loans 3,000% growth in eight years 118,000 personal loans issued Over 75,000 investors Over 93,000 borrowers 47 states Its been a long road since the first loan in 2006. Since then the $1 billion dollars issued through Prosper went towards helping people… Read More

Lending Club To Crack Down On Screen Scrapers, Automatic Investment

According to Lending Memo’s Simon Cunningham, Lending Club is planning to crack down on third party tools making use of screen scrapers. More specifically, Cunningham points to tools that automatically invest on behalf of the user by faking that user’s actions. Note that screen scraping… Read More

Wells Fargo Backpedals On P2P Lending Ban For Employees

Wells Fargo has reversed a ban on employees participating in the peer-to-peer lending arena after the announcement of the measure garnered international attention. Related – Wells Fargo To Employees: No Peer-To-Peer Loans According to the San Francisco Business Times, Wells Fargo spokesman Ruben Pulido clarified that “The original… Read More

WATCH: Google And Facebook As Giants In Financial Services?

In this video Motley Fool analysts David Hanson, Tyler Riggs, and Matt Koppenheffer debate peer-to-peer lending. Interestingly, about halfway through the video the trio begins to discuss Google and Facebook getting into the peer-to-peer lending space. Will they? It bears mentioning that Google Capital is an… Read More

Lend Academy’s Peter Renton To Launch Managed Fund For P2P Loans

Peter Renton has been informing the world about the peer-to-peer lending space for some time now. Lend Academy is a great source of deep information on P2P lending and stalwart platforms like Lending Club and Prosper. Renton is now taking his place in the space to the… Read More

FCA Publishes Final Rules For Crowdfunding In UK

They’re here. The Financial Conduct Authority (FCA) has published rules governing equity and lending-based crowdfunding in the UK. They are set to take effect on April 1 with a review scheduled for 2016. Christopher Woolard, director of policy, risk and research at the FCA, said, ”We… Read More

Barry James: Breaking The Missing Link Could Kill 20,000 New Jobs in 2014

Tens of thousands of new UK jobs and many millions in new investment are riding on UK regulators’ ability to come to grips with a changing economy. With regulators in the US and around the world increasingly coordinating their activities, deadlines and announcements, the implications… Read More

Propellr Launches, Hopes To Break Down Barriers To High-Quality Alternative Assets

Propellr has announced the launch of their platform specializing in alternative assets,  help accredited investors access institution-level opportunities previously reserved for the wealthiest of Americans or those “in the know.” We’re taking the kind of private placement deals usually found in hedge funds and making… Read More

Abundance Generation Claims Green Crowdfunding Record With Latest Raise

Abundance Generation is claiming a record for a crowdfunding campaign in the green energy space after a recent project raised £214,000 in just four days according to BusinessGreen. Renewable Energy Generation launched the project, dubbed REG High Down. The wind installation comprised of a single… Read More

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