October 11, 2017 @ 7:24 am By JD Alois  |  

Assetz Capital, a fast growing peer-to-peer finance platforms based in the UK, reports it has facilitated £300 million in loans on its secondary market since its launch. The company said this was evidence of the demand by investors for liquidity ahead of natural loan repayments, and… Read More

October 11, 2017 @ 3:07 am By JD Alois  |  

While some financial regulators have simply stopped Initial Coin Offerings (ICO) or slowed activity in the cryptocurrency space, others have been more receptive towards embracing change and recognizing the fact you need to be more innovative. The Ontario Securities Commission (OSC) is one of the… Read More

October 10, 2017 @ 12:15 pm By JD Alois  |  

Alon Goren, a long time participant in the alternative finance sector and co-founder of the Crowd Invest Summit (CIS), announced in an email he has joined the venture capital group Wavemaker Partners. The VC firm was founded by Eric Manlunas, David Siemer and Paul Santos, Managing Partner…. Read More

October 10, 2017 @ 11:56 am By JD Alois  |  

Announced at LendIt Europe, Peer Mountain says it is launching the “world’s first peer to peer self-sovereign identity, compliance and commerce delivery solution”, designed to allow consumers to maintain ownership of their data and control over who they trust to access it without the need… Read More

October 10, 2017 @ 7:19 am By JD Alois  |  

LoanBook, a large SME marketplace lender based in Spain, has formed a new partnership with Sage, a market-leader in cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance options. According to LoanBook, Sage will offer its… Read More

October 10, 2017 @ 2:52 am By JD Alois  |  

Fujitsu has announced an agreement with Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, to conduct a field trial of a “person-to-person money transfer service” using Blockchain technology. The trial is scheduled to commence in January 2018 and last for three… Read More

October 9, 2017 @ 6:33 pm By JD Alois  |  

Theo Chino will be back in court tomorrow (October 10) regarding his ongoing battle with the New York Department of Financial Services (NYDFS). In brief, Chino is battling the DFS creation of the “BitLicense Regulatory Framework” that delivered a bumpy process to license virtual currency business… Read More

October 9, 2017 @ 5:57 pm By JD Alois  |  

Aion, a community-driven project lead by Nuco Global Inc. and the Aion Foundation, has raised $22 million USD to build the first interoperable blockchain network. The Initial Coin Offering (ICO) pre-sale took less than one week to raise $7.2 million with half their capital goal raised… Read More

October 9, 2017 @ 8:20 am By JD Alois  |  

Innovate Finance has announced that applications are now open for its Fintech pitch contest Pitch360 which will take place in London on March 20th, 2018. The deadline for applications is December 31st. Fintech firms that would like to compete stand a chance to win £10,000, a… Read More

October 9, 2017 @ 8:00 am By JD Alois  |  

Uniti is an interesting product with an interesting history. Based in Sweden, Uniti is an electric vehicle concept that was originally crowdfunded on FundedByMe about a year ago raising €1.2 million at a valuation of €9.8 million. Uniti is returning to crowdfunding again but this time… Read More

October 9, 2017 @ 2:30 am By JD Alois  |  

Oakam, an online micro-lender, has provided more tha 420,000 loans totaling £320+ million.  These loans have gone to consumers ignored by traditionaly finance, says Oakam. Alternative data enables Oakam to utilize modern methods in underwriting and risk management to expand access to credit for financially excluded… Read More

October 9, 2017 @ 2:01 am By JD Alois  |  

  Mintos marketplace for loans now has more than 35 000 registered investors from 64 countries. Mintos states that approximately 2,000 new investors join Mintos each month. The growing pool of investors has allowed Mintos to help fund loans worth more than € 325 million through… Read More

October 9, 2017 @ 2:00 am By JD Alois  |  

PeerIQ, a deep data platform that bridges lenders and the capital markets, periodically publishes a report that provides a unique view into the alternative lending sector. The company is out with their Q3 report that delivers a point in history perspective on online lending. Ram Ahluwalia,… Read More

October 9, 2017 @ 1:45 am By JD Alois  |  

UK based Fintech, The ID Co., says it is the first software specialist to offer lenders the capability to calculate and base lending decisions based on customers’ real earnings or verified income. The ID Co. has major clients in both the UK and North America including… Read More

October 9, 2017 @ 1:45 am By JD Alois  |  

Spotcap, an online lender based in Germany, has announced that it has issued over €120 million in credit lines to small and medium-sized enterprises (SMEs). Spotcap also shares it has raised an additional €22 million of equity and debt funding from its existing investor network. In… Read More

October 9, 2017 @ 1:00 am By JD Alois  |  

Trustly, a Sweden based payments company, and Nordic software provider Emric, part of Tieto, have announced a new strategic partnership that is said to provide Emric’s business customers access to Trustly’s online banking payments technology across Europe. Emric is a provider of software solutions for financial… Read More

October 8, 2017 @ 5:39 pm By JD Alois  |  

Investoo Group has acquired RoboAdvisors.com, a company that is a Robo-advisor comparison site. This is the lates acquisition for Investoo. Last month, Investoo purchased TradingGuru. Specific terms of the acqusition were not revealed. Investoo’s acquisition of RoboAdvisors.com positions the platform to expand into the Portfolio Management… Read More

October 8, 2017 @ 11:31 am By JD Alois  |  

The Financial Market Supervisory Authority (FINMA) in Switzerland commented on the initial coin offerings (ICOs) market in Switzerland last month. FINMA issued Guidance 04/2017 on this topic just as it announced it was investigating a number of ICOs to determine if laws had been broken…. Read More

October 8, 2017 @ 10:53 am By JD Alois  |  

The BlockMason Initial Coin Offering (ICO) starts today following a private, white listed funding round. The ICO is expected to close on November 1st. Since the private offer opened, BlockMason reports having sold roughly $2 million of Credit Protocol tokens According to the BlockMason web… Read More

October 8, 2017 @ 6:35 am By JD Alois  |  

The US Department of Treasury has published a report on ways the government may streamline and reduce burdens of capital markets regulation. The report is an interesting compendium of the pressing need to reduce regulatory hurdles while pointing to policy initiatives that can improve access… Read More