April 14, 2016 @ 11:36 am By Erin Hobey  |  

The FCA is preparing to launch a #FinTech “regulatory sandbox“ which will include two sandbox cohorts a year; the FCA will accept applications for a place in the first from 9 May 2016.  Successful applicants will be able to test their ideas “without immediately incurring all the normal regulatory consequences”… Read More

April 14, 2016 @ 11:00 am By Erin Hobey  |  

With the confidence of 43 private investors, the Spanish energy tech firm Vagalume Energy secured 228,620€ on Crowdcube with an average investment of 5,316€.  Grupo Innoven Inversiones, led by Raúl Guerrero Gómez, a business angel of RedInvest,  as well as other investments from other professionals from the energy sector endorsed… Read More

April 12, 2016 @ 12:38 pm By Erin Hobey  |  

Tenants in Germany receive a utility bill once a year. On average, the costs of water, heat, and garbage disposal make up 25 % of the rent. Consequently, some people also refer to utilities as the “second rent.” Tenants can hardly determine whether or not such… Read More

April 12, 2016 @ 11:36 am By Erin Hobey  |  

A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing FinTech sector succeed, the Advanced Technology Development Center (ATDC) at Georgia Tech is working with a portfolio of 20 innovative startups — including 8 which have already raised more than $16.8… Read More

April 12, 2016 @ 11:16 am By Erin Hobey  |  

LenDen Club, an Indian online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah, according to a… Read More

April 12, 2016 @ 10:42 am By Erin Hobey  |  

Acquire Real Estate, a leader in pre-funded real estate crowdfunding, recently sold out a $267,500 investment opportunity in its Atlanta Diversified Portfolio, a four-property office and industrial portfolio located throughout the Atlanta metropolitan area. The portfolio, which was purchased by Albany Road Real Estate Partners for… Read More

April 11, 2016 @ 3:10 pm By Erin Hobey  |  

After getting historic approval from the U.S. Securities and Exchange Commission (SEC) in March, StreetShares will unveil what claims to be the US’ first publicly-accessible small business funding community at the LendIt USA 2016 Conference in San Francisco, according to a release. The StreetShares product will pay… Read More

April 11, 2016 @ 2:57 pm By Erin Hobey  |  

National Funding, a large private lenders of small business loans, today announced that Torrie Inouye has been named the company’s president. Inouye will report directly to Founder and CEO Dave Gilbert. “Torrie has played a critical role in our success to date, and her appointment as… Read More

April 11, 2016 @ 2:46 pm By Erin Hobey  |  

Able, a low-cost online lender in the nation for small businesses, averages a 10.7% interest rate – today announced its True Rate Calculator at LendIt USA. Starting today, small businesses owners across the country can discover the actual rate they are paying on high-interest short term loans… Read More

April 11, 2016 @ 12:24 pm By Erin Hobey  |  

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

April 11, 2016 @ 11:58 am By Erin Hobey  |  

 Kickfurther, a leading inventory and invoice financing marketplace that connects companies and buyers seeking qualified short-term deal financing, and NSR Invest, a leading peer-to-peer investment management platform, announced a strategic partnership at LendIt USA 2016 to increase data-driven investment capabilities to the Kickfurther platform. “This partnership… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 10:45 am By Erin Hobey  |  

The P2P lending platform Fellow Finance has announced that its platform is now open for borrowers in Poland. Polish customers may now apply for P2P loans with maturity from 1 to 3 years up to 12 000 PLN. This gives Fellow Finance investors an opportunity to diversify their investments geographically and… Read More

April 11, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

April 7, 2016 @ 2:50 pm By Erin Hobey  |  

Crowdfunder now provides unprecedented access — for both experienced institutional investors and everyday investors — to early-stage deals from many of Silicon Valley’s leading VC firms.  Crowdfunder has launched a VC Index Fund which co-invests with a select list of leading VCs (the Index), investing $100,000 per deal… Read More

April 7, 2016 @ 12:29 pm By Erin Hobey  |  

UBS has appointed Ben Crystal to a new role as Head of Fintech for Europe, Middle East and Africa, to help coordinate the Swiss bank’s coverage of the growing industry for financial technology, reported Reuters. Fintech has emerged as a large and growing sector in… Read More

April 7, 2016 @ 12:01 pm By Erin Hobey  |  

Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues, according to Frost & Sullivan The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of… Read More

April 7, 2016 @ 11:20 am By Erin Hobey  |  

Since the inception of online lending, P2P platforms have had to rely on outdated Self-Directed IRA (“SDIRA”) paper-based processes and infrastructure.  P2P platforms have grown increasingly frustrated in their inability to offer retail customers a simple and cost-effective way to purchase notes using 401(k) and… Read More

April 5, 2016 @ 2:41 pm By Erin Hobey  |  

VendorMach, an SME vendor trust monitoring platform is one of the 10 companies selected to participate in Startupbootcamp Fintech Accelerator in NYC which includes banking partners such as Deutsche Bank, Santander, Rabobank and MasterCard and Thomson Reuters. The program offers insights on US fintech issues for the 2016 cohort… Read More

April 5, 2016 @ 1:04 pm By Erin Hobey  |  

Fitness App Mammoth Hunters is fundraising for the second time in eight months on Crowdcube Spain, the platform’s first raise was overfunded by 166 investors. Half of Mammoth Hunters’ investors are investing again, alongside with Angels, according to Crowdcube Spain Co-Founder Pepe Borrell. “It is exciting to see… Read More