October 11, 2016 @ 5:34 am By Erin Hobey  |  

Envestnet, Inc. (NYSE: ENV) acquired Wheelhouse Analytics LLC, a tech company that provides data analytics, mobile sales solutions, and online education tools to financial advisors, asset managers and enterprises, according to StreetInsider.  Terms of the acquisition were not available. “Today Envestnet serves over 50,000 advisors and… Read More

October 11, 2016 @ 5:12 am By Erin Hobey  |  

Barcelona-based cobblers Les Chausseurs launched their crowdfunding campaign on Crowdcube Spain earlier last week and have already taken in more than 50,600€ of its 90K€ objective from over 27 investors. 20% equity is being offered. “I chose Crowdcube for several reasons; first, because its team explained the… Read More

October 6, 2016 @ 7:31 am By Erin Hobey  |  

TransUnion (NYSE: TRU) announced the launch of its Fraud Prevention Exchange, an industry collaborative designed to combat online fraud at the Lend360 conference. The Fraud Prevention Exchange will leverage the power of collective data and help lenders face challenges brought on by originations fraud, including synthetic identity and loan stacking. TransUnion… Read More

October 6, 2016 @ 7:19 am By Erin Hobey  |  

DreamFunded’s Co-Founder and CEO Manny Fernandez was invited by the Executive Office of The President to the White House to participate in a round table discussion on possible solutions to fund early stage companies in underrepresented communities in the United States. Attending the meeting was United… Read More

October 6, 2016 @ 6:59 am By Erin Hobey  |  

FinTech Forward provides a comprehensive and forward-looking view of the strategic imperatives driving bank technology, both from the vendor and the user perspectives. The program draws on BAI and American Banker’s deep industry expertise, market-leading proprietary research, and strength in live events to produce actionable… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More

October 4, 2016 @ 6:21 am By Erin Hobey  |  

Smava, the German marketplace lender, has secured a $34M in a funding round led by Runa Capital, with additional participation from the Scandinavian private equity firm Verdane Capital, mojo.capital and existing investors, reported AltFi News. Runs, an active investor in the alternative finance sector, has also invested in… Read More

October 4, 2016 @ 5:34 am By Erin Hobey  |  

Auckland-based celebrity chef Robert Oliver launched a PledgeMe campaign to equity crowdfund his Pacific-styled fine dining restaurant in Auckland. KP Auckland Limited is seeking to raise between $450,000 and $600,000 which represents 42.9%–50% of the company. Shares are $1 each with a minimum investment of $500…. Read More

October 4, 2016 @ 5:14 am By Erin Hobey  |  

Ken DeGiglio has joined the securities lending platform EquiLend Holdings LLC as its first CIO, according to a release. Effective immediately, DeGiglio is responsible for aligning EquiLend’s technology vision with business strategy and integrating company processes with the appropriate technologies. He is also responsible for all aspects… Read More

October 4, 2016 @ 4:52 am By Erin Hobey  |  

India-based mobile wallet company MobiKwik has entered the short-term consumer loan segment, claiming to be the first wallet company in India to roll out this service, according to the release. Users may also register themselves for EMIs. The approval for each loan request will be done within thirty… Read More

October 4, 2016 @ 4:37 am By Erin Hobey  |  

LendIt, the prominent online lending conference dedicated to connecting the global online lending community, today announced the shortlist for its competition PitchIt @ LendIt, which is organized in partnership with Capital One, an information-based lending company. This year’s finalists are Credit Kudos, GIROMATCH, KASKO, Lenderwize Ltd, LendingWell,… Read More

September 30, 2016 @ 11:55 am By Erin Hobey  |  

Remitly, an independent mobile remittance company in the US, announced its receipt of  $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More

September 30, 2016 @ 11:32 am By Erin Hobey  |  

“It is a no brainer as to where we should set up our first office in Europe,” commented OurCrowd Founder and CEO Jon Medved in a recent Finance Feeds post. “Britain is an increasingly interesting place, and very entrepreneurial. Israeli companies are choosing to set up in Britain and there… Read More

September 30, 2016 @ 7:03 am By Erin Hobey  |  

Small Change offers the crowd to partake in the revitalization and redevelopment of Pittsburgh real estate. Its Buvinger Building campaign launched earlier this summer is now headed toward the home stretch, closing in on its  $238,500 goal. At this writing, 85% of the funds, $203,250, have been raised by 13 investors…. Read More

September 30, 2016 @ 6:35 am By Erin Hobey  |  

Unocoin, a Bangalore based Bitcoin startup, has raised $1.5 million in a Pre Series-A round, the highest total raised for a digital currency venture in Indian history, said the platform. Funding was sourced from Blume Ventures, Mumbai Angels and ah! Ventures along with prominent international investors such as Digital Currency… Read More

September 29, 2016 @ 8:50 am By Erin Hobey  |  

Since Monday morning, ICONOMI, the globally licensed and regulated bitcoin exchange, has quickly raised an additional $3 million through its “ICO” (Initial Coin Offering) after the “uberized fund management” platform raised to its approximately $5.8 million raised in the campaign’s first month. As of this writing, ICONOMI has now eclipsed… Read More

September 29, 2016 @ 8:06 am By Erin Hobey  |  

Canadian fintech company Lendified Holdings Inc. and its subsidiary and direct lender, Lendified Inc. announced today that their subsidiary Vault Circle Inc. has received an exempt market dealer license from the Ontario Securities Commission (OSC) for its investment business. This marks the achievement of a significant milestone not… Read More

September 29, 2016 @ 7:46 am By Erin Hobey  |  

This month the Spanish financial regulator Securities Exchange Commission (CNMV)  authorized MytripleA as a Platform for Participatory Financing, the formal name for a crowdlending platform. This is one of the first actions to implement Law 5/2015 Promotion of Corporate Financing. “Alternative financing is growing rapidly in… Read More

September 29, 2016 @ 7:06 am By Erin Hobey  |  

Distributed ledger technology is set to move out of the test environment and into the wild next year, with nearly two thirds of banks expecting to be in production with full-scale, commercial blockchain projects by 2019, according to research from IBM. While banks and financial market… Read More

September 28, 2016 @ 7:42 am By Erin Hobey  |  

The Best German Tourism Startup winner of 2015 by Verband Internet Reisevertrieb, Beach-Inspector records and digitizes beaches worldwide and makes the images available online to travelers.  The platform launched its crowdfunding campaign with Companisto yesterday, already bringing in more than 113,070€ from over 130 investors… Read More