February 28, 2020 @ 11:24 am By JD Alois  |  

iwoca, an online lender serving SMEs, has received significant backing from BNY Mellon Insight Investment. According to multiple reports, iwoca has received €100 million to provide funding for small businesses in Germany. Last year, iwoca expressed its intent to boost its presence in Germany, a… Read More

February 28, 2020 @ 10:39 am By JD Alois  |  

Recently, Seedrs received a nice recognition of sorts. A report by Beahurst crowned Seedrs as the UK’s Most Active Investor for 2019. In the past, Crowdcube has regularly received the title but during 2019, Seedrs booked 215 deals while Crowdcube came in at 191. As… Read More

February 28, 2020 @ 8:15 am By JD Alois  |  

ClauseMatch, an Insurtech that was part of the inaugural Barclays accelerator programme, has integrated with Managing Agency Partners Limited (MAP), an underwriting agency in the Lloyd’s of London insurance market. According to a release, MAP is one of the first insurance companies in the UK… Read More

February 27, 2020 @ 10:59 pm By JD Alois  |  

Leading SME online lender Prospa Group Limited (ASX:PGL) has published results for the six months ended 31 December 2019 (HY20). According to the Fintech, total loan originations for the 6 month period were $306.8 million, bringing originations for the calendar year (CY19) to $583.0 million,… Read More

February 27, 2020 @ 4:30 pm By JD Alois  |  

Bank replacement platform Honeycomb Credit has distributed an update on platform progress during 2019. Based in Pittsburgh, Honeycomb Credit is a FINRA approved crowdfunding portal offering securities under Reg CF. Honeycomb typically matches investors with small businesses in need of debt capital somewhat similar to… Read More

February 27, 2020 @ 2:10 pm By JD Alois  |  

Prodigy Network, once a high-flying real estate crowdfunding platform, is now struggling as it appears to be in dire need of cash. According to a report in the Deal, Prodigy Network has told investors it is in need of $40 million to keep a property… Read More

February 27, 2020 @ 11:49 am By JD Alois  |  

The Canadian Securities Administrators (CSA) is seeking comment on proposed harmonized rules for start-up securities crowdfunding, according to a note from the CSA. Online capital formation platforms and industry supporters have long chafed under fragmented investment crowdfunding rules. A call to action by certain thought… Read More

February 27, 2020 @ 10:46 am By JD Alois  |  

Leading global crowdfunding platform OurCrowd will be participating in the forthcoming AIPAC Policy Conference highlighting the robust tech ecosystem in Israel. Since platform launch, OurCrowd has had over $1.4 billion in committed capital. Much of this money comes from smaller, individual investors but a growing… Read More

February 27, 2020 @ 9:47 am By JD Alois  |  

Actor Steven Seagal is apparently not above the law. At least when it comes to promoting an investment in an initial coin offering (ICO), according to the Securities and Exchange Commission. In a release, the SEC said it has settled charges against Seagal for his… Read More

February 27, 2020 @ 9:06 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted a statement dissenting from the Securities and Exchange Commission’s decision to, once again, decline to allow an exchange-traded product (ETP or ETF) for the world’s most popular cryptocurrency Bitcoin. The Commission denied NYSE Arca’s request to offer a Bitcoin… Read More

February 26, 2020 @ 4:56 pm By JD Alois  |  

Soar Robotics has hit its funding cap on Republic, according to the offering page. The AI boosted drone company has raised $1.07 million (the funding cap under Reg CF) from 4,376 investors. Backers of this company receive a “CrowdSafe” with a 20% discount. The pre-money… Read More

February 26, 2020 @ 4:24 pm By JD Alois  |  

LendingClub (NYSE: LC), a marketplace lending platform and aspiring digital bank, has appointed Annie Armstrong as the company’s Chief Risk Officer (CRO). Simultaneously, LendingClub announced that the current CRO, Tim Bogan will take on a new role as Chief Banking Integration Officer to focus on… Read More

February 26, 2020 @ 4:13 pm By JD Alois  |  

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

February 26, 2020 @ 3:18 pm By JD Alois  |  

LuxTag has closed on a $360,000 token offering according to a note from the company. The crowdfunding round saw 51% of the funds denominated in Bitcoin and XEM (NEM).  LuxTag claims to be Malaysia’s very first successful token offering. The securities offering was hosted on… Read More

February 26, 2020 @ 1:36 pm By JD Alois  |  

StartEngine, one of the leading investment crowdfunding platforms in the US, has raised $6.4 million in a Reg A+ self-crowdfunding round with 2 weeks left to go. As of today, 5,440 investors have participated in the offering that values the platform at almost $120 million…. Read More

February 26, 2020 @ 11:54 am By JD Alois  |  

During the Commodity Futures Trading Commission (CFTC), Technical Advisory Committee (TAC) meeting held today, JP Morgan (NYSE:JPM) provided some additional insight into its proposed stablecoin: JPM Coin. Eddie Wen, Global Head of Digital Markets at JP Morgan, presented an explanation of JPM Coin. Wen said… Read More

February 26, 2020 @ 10:45 am By JD Alois  |  

The UK government has provided an update on its project to digitize home deeds. According to the government, the 7000th deed has been registered digitally in February. Many of the UK’s largest mortgage lenders are now using the service. HM Land Registry safeguards land and… Read More

February 26, 2020 @ 10:17 am By JD Alois  |  

Trality, an Austrian Fintech startup, has announced a government grant supporting the company as it launches its crypto trading platform. According to Trality, the company has received a 6 figure grant from the Austrian Research Promotion Agency (FFG) and the Vienna Business Agency. Trality has introduced… Read More

February 26, 2020 @ 8:21 am By JD Alois  |  

Following a well-received presentation at the OurCrowd Global Investor Summit held earlier this month, Jason Greenblatt, a former advisor to President Donald Trump, is joining the crowdfunding platform as a Partner building ties in the Middle East region. Greenblatt was previously an Assistant to the… Read More

February 26, 2020 @ 7:29 am By JD Alois  |  

Robo.cash, a peer to peer lender and part of the Robocash Group, is reporting a rapid increase in the percentage of P2P loans financed by Singapore based investors. According to a release, in just 2 months €2.1 million of loans or a 5th of the… Read More