October 18, 2017 @ 10:47 am By Samantha Hurst  |  

On Wednesday, KPMG released its latest global report, Forging the Future: how financial institutions are embracing fintech to evolve and grow, which revealed more details about fintech’s effects on the financial industry. KPMG’s report revealed that banks, insurers, and asset management companies believe technologies such… Read More

October 18, 2017 @ 10:07 am By Samantha Hurst  |  

Florida fintech firm Finova Financial announced on Tuesday it has secured $102.5 million in equity and credit facility funding. The financing was led by CoVenture with participation from existing investors. While sharing details about the funds, CEO of Finova Financial, Gregory Keough, stated: “70 million… Read More

October 18, 2017 @ 9:49 am By Samantha Hurst  |  

This week, GoFundMe announced it has teamed up with The New York Times to launch The Neediest Cases Fund. This is the second year in its 106-year history that the publication giant has teamed up with the global crowdfunding platform. It was revealed: “Last year, donors… Read More

October 18, 2017 @ 9:26 am By Samantha Hurst  |  

JPMorgan Chase (NYSE: JPM) has announced it will acquire payments platform WePay. Details on the acquisition were not revealed. A Silicon Valley based Fintech, WePay was launched as a “Payments as a Service” company in 2008. WePay has focused on  focus on platform customers with over 1,000… Read More

October 18, 2017 @ 8:57 am By Samantha Hurst  |  

Online lending platform SoFi recently announced the launch of its Entrepreneur Program 2.0. The company reported that original program was launched four years ago and since then has helped four classes of 70 companies founded by the lender’s members to get off the ground with its… Read More

October 17, 2017 @ 3:48 pm By Samantha Hurst  |  

Less than a week after announcing its new office in Pittsburgh, real estate marketplace lending platform LendingHome announced it has surpassed $100 million in monthly loan volume and secured $57 million during its Series C-2 funding round, which included participation from Sberbank and Noah Holdings Limited. … Read More

October 17, 2017 @ 3:25 pm By Samantha Hurst  |  

Covera Technologies Inc., a Canadian-based insurtech start-up that uses technology to find its customers optimal insurance rates every year, has raised $1 million through its seed financing round led by Ferst Capital Partners with participation from fintech angel investors. The latest funding round follows the company’s $500,000… Read More

October 17, 2017 @ 2:27 pm By Samantha Hurst  |  

On Tuesday, Kickstarter announced more than $10 million has been pledged towards journalism projects on its funding portal. The crowdfunding platform revealed in a blog post: “Since Kickstarter launched eight years ago, writers, photographers, and podcasters have used it to forge their own paths in… Read More

October 17, 2017 @ 2:12 pm By Samantha Hurst  |  

Snoozle, a mobile app that is seeking to change the way the world wakes up, has successfully secured its initial £100,000 funding target through its Seedrs campaign. The initiative was launched earlier this month and has attracted 185 investors. The app’s creators revealed that the free app… Read More

October 17, 2017 @ 1:47 pm By Samantha Hurst  |  

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: “Last month we announced that we needed to explore charging for withdrawing cash from international… Read More

October 17, 2017 @ 12:11 pm By Samantha Hurst  |  

Lenddo announced on Tuesday it merged with Entrepreneurial Finance Lab (EFL). The companies also reported they are working together to provide a suite of credit scoring and identity verification products to more than 20 emerging markets. Lenders will be able to use the duo’s platform to provide… Read More

October 17, 2017 @ 10:55 am By Samantha Hurst  |  

AutoGravity, a California-based Fintech on a mission to transform car shopping and financing, announced on Tuesday it has appointed Chuck Schofield as its new Vice President of Dealer Sales. Prior to joining the fintech firm, Schofield served as Western Region Senior Manager for Mercedes-Benz Financial Services where… Read More

October 17, 2017 @ 10:01 am By Samantha Hurst  |  

Fintech firm eOriginal announced on Tuesday it has formed a partnership with mortgage giant Quicken Loans to complete the final steps of its new online mortgage process to create an electronic note, and securely store as an authoritative copy with delivery to both custodians and… Read More

October 17, 2017 @ 9:28 am By Samantha Hurst  |  

Fintech startup BlueVine announced on Tuesday it has expanded its reach with up to $130 million in new debt financing and business credit line, allowing business owners to make monthly, instead of weekly, payments, over 12 months. The company shared it introduced the new product… Read More

October 17, 2017 @ 8:58 am By Samantha Hurst  |  

On Tuesday, peer-to-peer lending platform RateSetter announced it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the new milestone, Rhydian Lewis, RateSetter CEO and founder, stated: “We are proud to receive full regulatory authorisation from the FCA. We have always aspired to… Read More

October 16, 2017 @ 3:55 pm By Samantha Hurst  |  

Prospa, an Australian online lender for small businesses, has formed a partnership with Gandel-backed retail marketplace MyDeal, which will allow retailers on its platform to apply for loans of up to $250,000. According to Australian Financial Review, the partnership will allow Prospa to integrate directly into the… Read More

October 16, 2017 @ 2:59 pm By Samantha Hurst  |  

Just a couple months after iFundWomen announced its expansion into Maryland, the City of Boston revealed on Monday it is teaming up with the crowdfunding platform women. As previously reported, iFundWomen is on a mission to help drive funding towards female entrepreneurs and close the gender… Read More

October 16, 2017 @ 1:23 pm By Samantha Hurst  |  

Last week, short-term peer-to-peer lending platform Welendus announced it has received full Financial Conduct Authority (FCA) Approval. The company revealed on LinkedIn last week the exciting news: “We are pleased to announce that Welendus (PTP Funding Limited) is now authorised and regulated by the FCA… Read More

October 16, 2017 @ 1:02 pm By Samantha Hurst  |  

Indoor climbing brand Boulder Hut is set to close its equity crowdfunding campaign on Crowdcube with nearly £375,000 in funding from more than 360 investors. The initiative was launched last month, seeking £250,000 as it prepares to build its first center in Ellesmere Port, which is south… Read More

October 16, 2017 @ 11:29 am By Samantha Hurst  |  

Startupbootcamp FinTech program in Latin America, which is a joint venture between Startupbootcamp and Finnovista, announced on Monday it celebrated the end of its first batch during Demo Day. According to the program, each of the startups has collectively secured 30 pilot projects and collaborations… Read More