August 8, 2017 @ 8:55 am By JD Alois  |  

London-based investment manager, Downing LLP, has added Sean Moore, previously of Green Investment Bank, to its growth and energy investment team. In his new role, Moore will join the 35-strong investment team at Downing to build deal origination, with an emphasis on both growth and energy… Read More

August 8, 2017 @ 8:40 am By JD Alois  |  

LendIt Europe, a Fintech and lending conference, and Startupbootcamp FinTech, a leading global Fintech accelerator, have announced the judging panel for the second annual PitchIt Europe competition. The startup competition will take place later this fall in London and applications are being accepted now with… Read More

August 8, 2017 @ 8:10 am By JD Alois  |  

UK shaving supplier Cornerstone has completed a new £3.5 million funding round led by private equity firm Calculus Capital. Cornerstone said that e-commerce veteran William Reeve (previously on the boards of Graze, Lovefilm, Zoopla & Paddy Power) has also joined the Cornerstone team. Other angel… Read More

August 7, 2017 @ 9:55 pm By JD Alois  |  

zipMoney (ASX:ZML) has announced a $40 million strategic investment from Westpac Banking (ASX:WBC). The investment was paired with an agreement for the two companies to explore the integration of Zip’s products and services into Westpac’s network across Australia. The investment will be by subscription of… Read More

August 7, 2017 @ 6:28 pm By JD Alois  |  

LendingClub (NYSE:LC) held their Q2 earnings call today and it was by far the most positive report delivered in multiple quarters.  Growth has returned to the marketplace lending club as originations rose in Q2 as did top line revenue. LendingClub upped guidance for Q3 and… Read More

August 7, 2017 @ 4:26 pm By JD Alois  |  

LendingClub (NYSE:LC) is out with Q2 numbers and the marketplace lending platform is showing a top line increase for the quarter and for the first half of the year. Loan originations in Q2 increased versus same quarter year prior as well. During Q2 top line… Read More

August 7, 2017 @ 11:58 am By JD Alois  |  

Prosper Marketplace, one of the largest marketplace lending platforms in the US, is reportedly raising capital again at a significant decline to previous valuations. According to a report in the Information, Prosper is raising equity capital at a valuation of $550 million. This represents a… Read More

August 7, 2017 @ 10:40 am By JD Alois  |  

CoinList is an ICO Platform Backed by AngelList Protocal Labs is reporting it has raised $52 million in an “Advisor Sale” of its Filecoin token. The Initial Coin Offering is (ICO) is live now and open for investment by accredited investors. Protocol Labs was founded in… Read More

August 7, 2017 @ 8:47 am By JD Alois  |  

Peer to peer lender  Fellow Finance has added a new invoice financing option for SMEs in search of finance. Fellow Finance, which is based in Finland, said this move established their company as the most comprehensive crowdfunding platform in Europe for long-term business loans and… Read More

August 7, 2017 @ 7:40 am By JD Alois  |  

The international financial center in Abu Dhabi, Abu Dhabi Global Market (ADGM), has entered into a partnership with the Responsible Finance & Investment Foundation (RFI). The two entities have joined in a partnership to bolster the growth and sustainability of the Fintech ecosystem through financial… Read More

August 6, 2017 @ 6:51 pm By JD Alois  |  

The Commissão de Valores Mobiláros (CVM) in Brazil has published their regulatory regime to legalize investment crowdfunding. The document outlining the rules is embedded below (in Portuguese). The Investment crowdfunding regulation (Regulation 588) creates a new exemption for issuers of securities to raise funding online…. Read More

August 6, 2017 @ 8:51 am By JD Alois  |  

Here is something we do not read too often. New Zealand based equity crowdfunding platform Snowball Effect has recorded a profit for the year ending March 2017. According to multiple reports, Snowball Effect posted net earnings of $12,404 versus a loss of $76,428 for the… Read More

August 5, 2017 @ 7:50 pm By JD Alois  |  

  The digitization of finance is upon us. Fintech is rapidly changing all aspects of the financial services sector but different countries are adapting at different paces – regulation is largely why. Jackson Mueller, writing for the Milken Institute, hosted several roundtables earlier this year… Read More

August 4, 2017 @ 12:56 pm By JD Alois  |  

Real estate investment crowdfunding site Small Change has closed its first real estate offering available to everyone – not just accredited investors. Small Change is a platform with a mission to build better cities. The company said the real estate offer using the new “Regulation… Read More

August 4, 2017 @ 11:23 am By JD Alois  |  

Peli Peli Austin closed this week on NextSeed. The crowdfunding offer is the first restaurant to raise $1 million on the platform. According to the campaign page, the Reg CF offer had the support of 410 investors. Peli Peli is an eight year old South… Read More

August 4, 2017 @ 8:17 am By JD Alois  |  

The UK government has proposed a  new “National Investment Fund” launched to help innovative UK start-ups become “world-leading unicorns”.  According to HM Treasury, the Fund will ostensibly fill a £4 billion funding gap between US and UK firms and boost investment into entrepreneurial firms. HM… Read More

August 3, 2017 @ 4:18 pm By JD Alois  |  

Fluid, a Fintech and Adtech startup based in California, has announced a strategic partnership with Nomad Credit, a financial marketplace serving international students currently or planning to live in the United States. Fluid launched their Fintech App on the Apple App store last month has… Read More

August 3, 2017 @ 1:59 pm By JD Alois  |  

TrackR hit Crowdfund Insider’s screen several years back at the beginning of the finder device rush. The TrackR Bravo launched on Indiegogo and quickly hit their $200K funding goal and then went much higher. While there have been many players in the item finder space… Read More

August 3, 2017 @ 11:31 am By JD Alois  |  

Square (NYSE:SQ) reported Q2 earnings yesterday. The company topped expectations by posting a loss of ($0.04) a share versus an expected loss of ($0.05) a share. While the company entered its existence as a streamlined payments processor for everyone, Square has quickly morphed into a… Read More

August 3, 2017 @ 10:28 am By JD Alois  |  

Kabbage is out with some big news. SoftBank has committed $250 million in an equity investment into the online lender. This is a significant statement on the belief that Kabbage is on the right trajectory when it comes to the competitive online lending market. SoftBank… Read More