August 20, 2015 @ 9:04 pm By Erin Hobey  |  

“The last three months have seen around $150 million provided to 144 small businesses within The Funding Network. We’re estimating our total funding volume in 2015 to be around $800 million. Beyond that, I see huge potential for Symbid if we can continue to expand… Read More

August 20, 2015 @ 12:48 pm By Erin Hobey  |  

Last week, CEO Laimonas Noreika led the launch of Finbee, the second peer-to-peer lending platform to launch in Lithuania.  Lithuanian and British-owned, Finbee opened its P2P lending service to international investors today. Lithuania is a country that is aggressively courting businesses as a country that is… Read More

August 20, 2015 @ 12:20 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced CL Originate, a next-generation online loan origination platform. CL Originate offers cloud-based loan origination and underwriting platform, designed to meet online lenders’ demand for automated and instantaneous loan processing and real-time complex document… Read More

August 20, 2015 @ 11:22 am By Erin Hobey  |  

EarlyShares announced Downtown Las Vegas Redevelopment status updates: •On Wednesday, August 12, the sponsor Metroplex Group closed escrow and acquired the property •The building is now being marketed for lease through online and offline efforts, and the space is being shown to prospective tenants. LOIs have already been… Read More

August 20, 2015 @ 10:52 am By Erin Hobey  |  

SocietyOne co-founder Matt Symons said yesterday there was a strong correlation between the lender’s $200 million in loan ­applications and traffic on the get­creditscore.com website — a partnership with the nation’s leading credit bureau, Veda, reported The Australian‘s Richard Gluyas. More than 75,000 people have used the… Read More

August 18, 2015 @ 2:00 pm By Erin Hobey  |  

CEO and General Manager of Companisto Tamo Zwinge began his career as a lawyer, studying law at the Freie Universität Berlin and completing his legal clerkship in Berlin and Pretoria, South Africa. Afterward, he received a Master of Laws (LL.M.) degree in commercial law, specializing in… Read More

August 18, 2015 @ 12:09 pm By Erin Hobey  |  

Capital Match Holdings Pte. Ltd. today announced its S$1 million raise in its Series-A round of venture financing. The round was led by Innosight Ventures and included previous investors Crystal Horse Investments and CE-Tech Invest. The funds will be used for product development, marketing and… Read More

August 18, 2015 @ 11:43 am By Erin Hobey  |  

Today CBR‘s Jimmy Nicholls posted research regarding London’s fintech scene, highlighting which companies have drawn the most money in their funding rounds. His results follow: 1. Funding Circle – £96m Perhaps the largest peer-to-peer lender in London is Funding Circle a technology start-up that began life… Read More

August 18, 2015 @ 11:03 am By Erin Hobey  |  

Mindbody, Inc. (NASDAQ:MB), a leading provider of cloud-based business management software for the wellness services industry, has partnered with Lending Club, the world’s largest online credit marketplace connecting borrowers and investors. “As a business that started in a garage, the team at Mindbody understands that… Read More

August 14, 2015 @ 11:02 am By Erin Hobey  |  

Envestnet, Inc. (NYSE:ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), a leading cloud-based platform driving digital financial innovation, announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all… Read More

August 14, 2015 @ 10:27 am By Erin Hobey  |  

eProdigy, a FinTech holding company specializing in alternative lending, has appointed Christopher Keane as Director of Underwriting. With experience in back-end risk management and front-end underwriting, Keane brings to eProdigy a deep understanding of the procedures, policies and best practices needed to sustainably scale eProdigy’s Merchant Cash… Read More

August 14, 2015 @ 10:14 am By Erin Hobey  |  

AssetAvenue, a leading online lender for real estate investment properties, announced that Real Estate Forum has selected the company for its annual “Best of the Best” directory in the “lender and financial services” category. The directory is published by ALM and is available in the August 2015 issue… Read More

August 14, 2015 @ 9:46 am By Erin Hobey  |  

UBS has shown an increased interest in fintech developments, creating an innovations lab to explore potential applications of bitcoin and the blockchain technology, according to NewsBTC’s Sarah Jenn. Swiss global financial services company based in Zurich recently announced the launch of the Future of Finance Challenge, which is… Read More

August 14, 2015 @ 9:20 am By Erin Hobey  |  

Tendr, a mobile crowdfunding discovery platform, rebrands as OFF3R and will now offer US crowdfunding investment opportunities from Angel.co and other leading US platforms. OFF3R is backed by angel investment club QVentures and with investors in over 42 countries. The investor app hits 250,000 interactions in… Read More

August 11, 2015 @ 12:38 pm By Erin Hobey  |  

With the confidence of over 121 investors, Innovation Makers has secured over £292,220 on its equity crowdfunding campaign on Crowdcube.  With eight days remaining on the campaign to reach its £400K target for 20% equity offered, the Innovation Makers team announced that former Maclaren COO Russ Cohen… Read More

August 11, 2015 @ 11:54 am By Erin Hobey  |  

Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More

August 11, 2015 @ 11:17 am By Erin Hobey  |  

  Ablrate, a UK peer-to-peer lending platform that offers investors access to asset-backed loans against aircraft transactions, has announced a partnership with The Just Loans Group PLC to provide commercial property-backed investment options on the Ablrate platform. “This collaboration represents a fantastic way for Ablrate’s… Read More

August 11, 2015 @ 10:52 am By Erin Hobey  |  

As promised last week on its website, the trailblazing German crowdfunding platform Companisto  plan to launch a new asset class will be available starting 18 August.  More details have been revealed regarding this new venture, namely its new asset class is venture loan: “We continuously want to… Read More

August 6, 2015 @ 1:59 pm By Erin Hobey  |  

Interest in crowdfunding from banks and other noteworthy investors including some family offices has steadily increased in recent months, so much that Money&Co blogged, “It’s often said that crowdfunding is in danger of losing the crowd.” Could crowdfunding lose its crowd? How does the industry… Read More

August 6, 2015 @ 1:03 pm By Erin Hobey  |  

In a brief letter, Companisto announced that a new asset class will be available starting 18 August: “Since Companisto launched three years ago, we have paid attention to offering projects with a certain variety of industries, phases, and orientations. In other words, we have enabled Companists to… Read More