February 3, 2020 @ 8:28 am By Samantha Hurst  |  

Recently approved funding portal, Fundopolis announced last week two additional businesses issued investment opportunities for customers and community members to fund their growth and development. One of the new issuers, Aviana Holdings, Inc., is an Orlando, Florida-based point of care (POC) diagnostics company developing a… Read More

February 2, 2020 @ 10:14 pm By Samantha Hurst  |  

U.S.-based insurtech startup, FIGO Pet Insurance recently announced it received a $5 million investment for a 4% equity stake from underwriting partner Independence American Insurance Company (IAIC), a member of the IHC Group, placing Figo’s valuation at $125 million. FIGO offers a combination of comprehensive insurance policies to protect… Read More

February 2, 2020 @ 9:58 pm By Samantha Hurst  |  

SMBX, a marketplace for buying and selling small-business bonds, announced on Friday it has teamed up with Degrees Plato, a U.S.-based owned-and-operated taproom, bottleshop, and Mexican kitchen, to launch the Degrees Plato’s (PLTO) Small Business Bond offering. According to SMBX, the offering enables investor to… Read More

February 2, 2020 @ 9:23 pm By Samantha Hurst  |  

Bricksave, a UK-based property investment platform, is set to close its equity crowdfunding round on Seedrs with more than £760,000 raised. The campaign, which has attracted 300 Seedrs investors, was launched in December originally seeking £600,000. Bricksave notably provides individuals direct access to institutional-grade real… Read More

January 31, 2020 @ 11:02 pm By Samantha Hurst  |  

Slope, an Atlanta-based software as a service company, announced earlier this week it raised $1 million through its latest seed funding round, which was led by tech venture fund Cofounders Capital. Founded in 2015, Slope described itself as an actuarial financial projection modeling software company, designed… Read More

January 31, 2020 @ 10:50 pm By Samantha Hurst  |  

Policygenius, a U.S.-based online insurance marketplace, announced on Thursday it secured $100 million through its Series D funding round, which was led by global investment firm KKR, with participation from Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures…. Read More

January 31, 2020 @ 3:56 pm By Samantha Hurst  |  

Less than a week after launching its equity crowdfunding campaign on Seedrs, UK-based peer-to-peer lending startup Elfin Market successfully secured its initial 400,000 funding target. The campaign so far has attracted more than 125 Seedrs investors. As previously reported, Elfin claims to be the world’s… Read More

January 31, 2020 @ 3:49 pm By Samantha Hurst  |  

Magway, a UK-based startup offers a sustainable transport solution that moves goods through small pipes, is set to close its equity crowdfunding campaign on Crowdcube with more than £1.5 million secured. The funding round was launched last month, originally seeking £750,000 and has attracted over… Read More

January 31, 2020 @ 3:34 pm By Samantha Hurst  |  

Marketplace lending company Funding Circle (LSE: FCH) announced on Thursday it was named first place winner of the Center for Financial Professionals (CeFPro) FinTech Leaders 2020 Report’s “Business Lending” Category. According to Funding Circle, the FinTech Leaders 2020 Report is an independent study of the… Read More

January 31, 2020 @ 10:25 am By Samantha Hurst  |  

Finland-based banking group Nordea Bank announced on Thursday it has appointed Virgin Money’s CFO Ian Smith as its new CFO and Head of Group Finance. According to Nordea, Smith has an extensive background in the financial services sector in the UK and has held senior… Read More

January 31, 2020 @ 10:15 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More

January 31, 2020 @ 8:46 am By Samantha Hurst  |  

Citi announced on Thursday the launch of its new tool Citi Wealth Builder, which is described as a digital investing platform with professionally managed portfolios that, in a matter of minutes, helps new and existing customers get on track and stay on track to meet… Read More

January 30, 2020 @ 4:03 pm By Samantha Hurst  |  

Elfin, a UK-based peer-to-peer lending startup, is now seeking £400,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, Elfin claims to be the world’s first peer-to-peer lending platform where borrowers get a line of credit that they may draw upon as often as… Read More

January 30, 2020 @ 3:45 pm By Samantha Hurst  |  

Swiss wealth management group Julius Baer announced earlier this week it is teaming up with FINMA-licensed SEBA Bank AG to launch its digital asset trading services. According to Julius Baer, the new service will provide clients with access to various solutions for digital assets storage… Read More

January 30, 2020 @ 11:40 am By Samantha Hurst  |  

UK insurtech Honcho is now set to close its equity crowdfunding campaign on Crowdcube with nearly £900,000 in funding secured. The initiative has reportedly attracted nearly 600 Crowdcube investors. As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a competitive real-time… Read More

January 30, 2020 @ 11:29 am By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a term loan and a delayed draw growth facility to Wild Wing Cafe. The restaurant chain, originally from Hilton Head, South Carolina, owns and operates a successful restaurant franchise with 44 system-wide restaurants,… Read More

January 30, 2020 @ 10:02 am By Samantha Hurst  |  

LendUp, a socially responsible online lender on a mission to redefine financial services for the emerging middle class, announced on Thursday it has surpassed $2 billion in consumer loans through its digital lending platform. The company reported that since 2012 it has provided more than… Read More

January 30, 2020 @ 9:22 am By Samantha Hurst  |  

Farfetch Limited (NYSE: FTCH), a global technology platform for the luxury fashion industry, today announced that it has agreed to issue and sell, through a private placement, convertible senior notes in an aggregate principal amount of $250 million. Tencent, a global technology platform based in… Read More

January 30, 2020 @ 8:29 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has expanded its services to Australia. Klarna mobile app, which will be available on iOS and Android devices, will enable users to shop and pay with Klarna at any online retailer. Klarna also reported that it has… Read More

January 29, 2020 @ 3:35 pm By Samantha Hurst  |  

Just days before its equity crowdfunding campaign on Seedrs is set to close, Scottish brewery Innis & Gunn successfully secured its initial £3 million funding target. The campaign launched in November and has attracted more than 2,100 Seedrs investors. As previously reported, Innis & Gunn claims… Read More