May 30, 2017 @ 5:01 am By Erin Hobey  |  

UK alternative lender Growth Street has revealed that 37.4% of its investors are under the age of 35, contradicting public figures who have chastised millennials for not thinking about saving and investment. Growth Street’s news follows comments made by property mogul Tim Gurner earlier this month…. Read More

May 29, 2017 @ 8:40 am By Erin Hobey  |  

Bank Negara Malaysia has approved four firms to operate within its regulatory sandbox, aiming to grow Malaysian fintech in line with global trends, according to multiple news sources. The Financial Technology Enabler Group (FTEG) was established by Bank Negara Malaysia in June 2016 to support innovations that… Read More

May 29, 2017 @ 6:27 am By Erin Hobey  |  

At this writing, donation-based crowdfunding campaigns LaunchGood and GoFundMe have raised more than a combined $700,000 from over 15,000 people for the three men who stood up for two Muslim women being harassed by Jeremy Joseph Christian. Christian killed Ricky John Best, 53, and Taliesin Myrddin Namkai Meche, 23…. Read More

May 29, 2017 @ 5:59 am By Erin Hobey  |  

BTCjam, a P2P marketplace launched in 2012 to borrow and lend using bitcoin, announced the company has made “the difficult decision” to close up shop, according to multiple news sources. The platform cited regulatory challenges around bitcoin and the difficulties introducing bitcoin technology to poor communities around… Read More

May 29, 2017 @ 5:33 am By Erin Hobey  |  

A new Spanish blockchain consortium spearheaded by Cecabank and professional services firm Grant Thornton is aiming to build tools designed to combat money laundering and boost KYC (know your customer) efforts. Without “naming names,” the partners claim that the consortium already comprises 33% of the Spanish banking… Read More

May 29, 2017 @ 5:23 am By Erin Hobey  |  

The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today disclosed the results of Project Jasper phase II, an experimental wholesale interbank payment system using digital ledger technology (DLT) which is considered the backbone of cryptocurrencies like Bitcoin. First launched in 2015,… Read More

May 26, 2017 @ 6:03 am By Erin Hobey  |  

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company claims itself as the largest pure marketplace platform in Singapore and greater Southeast Asia offering invoice financing and secured lending products. Accredited… Read More

May 26, 2017 @ 5:24 am By Erin Hobey  |  

Shortly after the terrorist attack, The Manchester Evening News partnered with the British Red Cross to launch a donations campaign on JustGiving to raise £2 million to support the families of the victims killed and wounded in the tragic Manchester Arena attack. The campaign has… Read More

May 26, 2017 @ 5:01 am By Erin Hobey  |  

As expected, Prosper, the SF-based marketplace lending platform for consumer loans, announced the closing of the first securitization from the Prosper Marketplace Issuance Trust, Series 2017-1, “PMIT 2017-1.” “We are very pleased with the execution of this transaction, which was not only upsized based on… Read More

May 26, 2017 @ 4:30 am By Erin Hobey  |  

Hungry for an investment or just plain hungry?  Vita Mojo provides a solution to both! Vita Mojo, a quickly-growing UK restaurant chain and software company that is backed by the €6B global caterer Elior, is on a mission “to make food personal.” With industry leaders already on… Read More

May 26, 2017 @ 3:30 am By Erin Hobey  |  

Dr. Alysson Bessani, the co-creator of the Byzantine fault-tolerant consensus protocol BFT-SMaRt, has joined Symbiont’s advisory board. Developed in 2014, BFT-SMaRt was designed to address deficiencies in other BFT protocols such as PBFT. Assembly, Symbiont’s decentralized log component, is based on the BFT-SMaRt consensus protocol,… Read More

May 25, 2017 @ 7:31 am By Erin Hobey  |  

With 15 days remaining on its Crowdcube equity crowdfunding campaign, the UK-based sports nutrition brand TRIBE, has raised nearly £1.4M with the confidence of over 1558 investors for 20.28% equity offered.  Funding from the campaign will be used to help aid product development (more info due in late 2017), improve… Read More

May 25, 2017 @ 6:48 am By Erin Hobey  |  

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

May 25, 2017 @ 6:19 am By Erin Hobey  |  

How deep is your love? LendingHome, a leading US mortgage marketplace lender, released new survey data showing that 60 percent of millennial and Gen X couples disagreed occasionally, frequently, or “a lot” when buying a house with their partner or spouse yet logically may be able to better navigate… Read More

May 24, 2017 @ 10:00 am By Erin Hobey  |  

“Our aim is to enable women behind and in front of the camera in the industry during a time when gender inequality still exists.” UK online investment platform SyndicateRoom announced that the independent UK film Kat and the Band has been fully funded, having reached its £400,000 target…. Read More

May 24, 2017 @ 5:36 am By Erin Hobey  |  

The international lending firm iwoca and payment service provider PayU launched an innovative collaboration aimed at making it easier for SME entrepreneurs, particularly those in the eCommerce and eService industries, to obtain financing for growth. The new solution enables the entire lending process to take place online,… Read More

May 24, 2017 @ 5:14 am By Erin Hobey  |  

Orca, a leading independent data, research and analysis providers on the UK P2P lending market has announced its plans to launch its own four-factor rating service for individual P2P providers, the Orca Rating. The rating will be designed in partnership with Dublin City University’s Irish Centre for… Read More

May 24, 2017 @ 4:54 am By Erin Hobey  |  

OurCrowd, a global leader in equity crowdfunding, today announced that it will invest $2.5 million (as part of a recently completed $7 million investment round) in Scopio Labs, a developer of an advanced digital microscopy and diagnostics platform. This is OurCrowd’s 23rd healthtech investment for… Read More

May 22, 2017 @ 9:57 am By Erin Hobey  |  

Dubai’s pioneering government-backed initiative to implement blockchain technology across the city is now into its third month, and the pilot schemes continue to roll out. The move aims  to secure the city’s reputation as a leading Middle Eastern business center. This month Dubai’s largest bank, Emirates… Read More

May 22, 2017 @ 9:15 am By Erin Hobey  |  

Linked Finance, an Irish P2P lending platform, has received full authorization by the UK Financial Conduct Authority which will enable the platform to actuate growth into the UK market, according to multiple Irish news sources. In late April, the Ireland government announced a Public Consultation on the Regulation… Read More