March 8, 2016 @ 4:20 am By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a series of celebrations marking its one-year anniversary. The biannual FinTech Sandbox Demo Day will be held on March 24, 2016 at Fidelity Investments headquarters. Sandbox sponsors, data partners,… Read More

March 8, 2016 @ 4:02 am By Erin Hobey  |  

The Consumer Financial Protection Bureau (CFPB) announced that it is accepting complaints from consumers encountering problems with loans from online marketplace lenders. The Bureau is also releasing a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who are considering taking… Read More

March 3, 2016 @ 7:55 am By Erin Hobey  |  

The Dublin-based fintech start-up Deposify has raised €1.1million to fund its US expansion from a number of sources including Bank of Ireland’s Start-Up and Emerging Sectors Equity Fund, which is managed by Delta Partners. “It is fantastic to see Deposify expanding their innovative business model into… Read More

March 3, 2016 @ 6:57 am By Erin Hobey  |  

Thomson Reuters,  a leading source of global news and information for professional markets, announced its partnership with FinTech accelerator SuperCharger to bring technology and market data access to FinTech firms undergoing its Hong Kong based program. “Hong Kong continues to be a leading and dynamic… Read More

March 3, 2016 @ 6:31 am By Erin Hobey  |  

The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More

March 3, 2016 @ 6:07 am By Erin Hobey  |  

Mercari, a Japanese peer-to-peer marketplace, has raised around $75 million ( 8.4 billion yen) at a reported valuation of more than $1 billion, reported Red Herring. The company’s Series D investment round includes Mitsui & Co, Development Bank of Japan and Sumitomo Mitsui Trust Bank’s Japan… Read More

March 3, 2016 @ 12:01 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and ICB, the world’s largest bookkeeping membership organization, today announced a partnership to offer ICB USA members a “fast and affordable financing solution” for their clients, according to the release. The collaboration will enable ICB bookkeepers to… Read More

March 2, 2016 @ 8:00 am By Erin Hobey  |  

Cloud Lending Solutions today announced the availability of CL Lease™, an end-to-end, cloud-based asset leasing solution that enables efficient servicing and asset management for institutional, independent and captive lessors. With CL Lease, lessors have a fully integrated leasing solution that shortens time-to-market on product offerings, enables lower… Read More

March 1, 2016 @ 7:24 am By Erin Hobey  |  

SOUNDBOKS got the party started after overfunding within three hours of its Kickstarter campaign launch. At this writing, the campaign has exceeded $133K with the help of over 278 backers for its loudest outdoor speaker on the market. Readers, please keep this product on the down low from… Read More

March 1, 2016 @ 6:02 am By Erin Hobey  |  

LendInvest, a leading short-term property finance lender, has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April. LendInvest has avoided… Read More

March 1, 2016 @ 5:14 am By Erin Hobey  |  

The Financial Stability Board seeks to evaluate the potential for systemic risk posed by emerging innovations in financial technology, a move which may mark the beginning of the end to the regulatory advantages enjoyed by fintech firms operating at the fringes of the financial services sector, according… Read More

February 28, 2016 @ 8:58 pm By Erin Hobey  |  

At age 22, recent George Washington University grad Julia Kurnia co-founded the world’s first microfinance organization built entirely from crowdfunding capital sourced over the internet, using funds raised from Kiva.org in Senegal, West Africa. She spent the next four years managing U.S. government grants to small businesses in… Read More

February 25, 2016 @ 6:49 am By Erin Hobey  |  

Just days after Kickstarter Alum & Mobile Wallet Provider LoopPay, Samsung Electronics Co. Ltd., announced that Samsung Pay, the mobile payment service, had reached a global milestone – nearly five million registered users processed over $500 million in its first six months, showing a strong adoption rate… Read More

February 25, 2016 @ 6:28 am By Erin Hobey  |  

The UK’s first ‘Council Solar Bond’ has been introduced today by P2P investment platform Abundance and Swindon Borough Council. The bond will pay investors a 6% return over a 20-year term paid in cash twice yearly, and those who invest within six weeks of today’s launch… Read More

February 25, 2016 @ 6:08 am By Erin Hobey  |  

Ablrate, the UK marketplace lender who specializes in asset-backed transactions, today announced its largest aircraft loan so far has reached its £1.8 million target within 13 days. This  most recent loan takes Ablrate’s total loans since inception past £6 million –£6,069,187.89 at this writing — with… Read More

February 25, 2016 @ 5:39 am By Erin Hobey  |  

LoanZen Pvt Ltd, which runs P2P lending marketplace LoanZen, has raised an undisclosed amount in seed funding from angel investors through Tracxn Syndicate, an angel network launched by Tracxn, reported VC Circle’s Nishant Sharma. Offering services in Bangalore, LoanZen provides SMEs with unsecured working capital loans against their pending invoices to MNC/listed… Read More

February 25, 2016 @ 5:22 am By Erin Hobey  |  

Conexus, Saskatchewan’s largest credit union, announced a partnership with Grow (formerly Grouplend), Canada’s fast growing fintech company, to bring online lending to Saskatchewan. This new partnership will allow residents of Saskatchewan access to Grow through one of Canada’s “most trusted and forward thinking” financial institutions…. Read More

February 23, 2016 @ 7:10 am By Erin Hobey  |  

Capital Cell, the first European equity crowdfunding platform specializing in biotech and life sciences startups and companies, has successfully linked with entrepreneurs and investors on their most recent self-funding round. To date the Barcelona-based equity crowdfunding platform founded in 2015  by CEO Daniel Oliver, who also serves as the president of Asociación Española… Read More

February 23, 2016 @ 6:40 am By Erin Hobey  |  

Consumer fintech firm, MoneyMe, has announced a $30 million AUS capital raise after just two years in operation, signaling increasing confidence by the investment community in fintech who demonstrate an ability to achieve their growth projections and deliver true consumer value. The $30 million capital… Read More

February 23, 2016 @ 6:28 am By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced that Experian, a leading global information services company, will make its business credit data available to Sandbox residents. By leveraging Experian’s business data, residents will be able to further… Read More