May 18, 2017 @ 9:33 am By JD Alois  |  

iintoo has announced it has launched in the U.S. to allow accredited investors  the ability to invest in high-yield  real estate projects. Starting at $25,000, iintoo will offer ownership shares in projects vetted and made available by the company. Management expects to deliver double-digit, annual… Read More

May 18, 2017 @ 9:19 am By JD Alois  |  

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More

May 18, 2017 @ 4:10 am By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) discussed the regulation of “Finders” at their most recent meeting in Washington, DC. Finders can act as a vital catalyst in matching investors to smaller companies yet there is “significant uncertainty” in the regulation of… Read More

May 18, 2017 @ 1:34 am By JD Alois  |  

Hong Kong has been sizing up the Fintech sector of finance for awhile now. But while Hong Kong is a regional financial powerhouse, when it comes to Fintech innovation they have ceded ground to Singapore.  Yet authorities recognize that Fintech has the potential to deliver… Read More

May 17, 2017 @ 9:42 pm By JD Alois  |  

Last week, Benzinga held its annual Fintech Awards event in Manhattan. The proceedings prior to the actual award presentations included some well known names from both traditional and alternative finance alongside a series of three minute pitch sessions. At the event, representatives from a wide range… Read More

May 17, 2017 @ 4:38 pm By JD Alois  |  

At the annual FINRA Conference in Washington, DC, this week FINRA President and CEO Robert Cook took the stage to talk about change.  In a speech entitled A Changing Industry – A Changing Industry, Cook reflected on his initiative to build a better FINRA.  In… Read More

May 17, 2017 @ 4:02 pm By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) will embark on a “major Fintech initiative” with the creation of LabCFTC. The venture was launched to promote responsible Fintech innovation and to encourage competition in the markets the CFTC oversees. “Simply put, LabCFTC is intended to help… Read More

May 17, 2017 @ 3:47 pm By JD Alois  |  

Kroll Bond Rating Agency (KRBA) has assigned preliminary ratings to three classes of notes issued by Prosper for $450.5 million that is expected to close on May 24, 2017. This will be the sixth securitization which is collateralized by unsecured consumer loans which have been… Read More

May 17, 2017 @ 3:26 pm By JD Alois  |  

Growth Capital Ventures (GCV) says it is ready to help fuel early stage companies in the North with a £57.5 million investment fund. GCV said it is working with Maven Capital Partners to help fund promising businesses. In late 2016, Maven invested £1.1 million in… Read More

May 17, 2017 @ 1:23 pm By JD Alois  |  

As expected, SoFi has announced wide availability of SoFi Wealth. The financial advisory platform is described as a low-cost online wealth management platform that combines an online and mobile interface with unlimited access to live, licensed financial advisors. SoFi, an iconoclastic Fintech Unicorn, is combining… Read More

May 17, 2017 @ 12:59 pm By JD Alois  |  

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. The authors believe that the… Read More

May 17, 2017 @ 12:14 pm By JD Alois  |  

LendingHome says it is ready to ratchet up platform growth. The marketplace lending platform that finances residential mortgages has made two announcements today. First, the online lender has announced that former Nationstar Mortgage CFO, Robert Stiles, has been appointed to become LendingHome’s CFO. Simultaneously, LendingHome… Read More

May 17, 2017 @ 10:37 am By JD Alois  |  

Lucerne University in Switzerland is out with their annual report on crowdfunding in the country. This is the third year in a row that the report has been published. The “Crowdfunding Monitoring Switzerland 2016 tracks the growth and trends in this sector of finance. In the… Read More

May 17, 2017 @ 10:04 am By JD Alois  |  

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) addressed questions about secondary market liquidity in Reg A+ securities last week at their meeting in DC.  The Committee members reviewed challenges and demands for facilitating secondary transactions. Providing liquidity is an important aspect of… Read More

May 17, 2017 @ 8:54 am By JD Alois  |  

FundedByMe, a full-service crowdfunding platform operating in Europe and Asai, reported 2016 results today at a meeting of its annual General Assembly. FundedByme reported the company experienced a 90% growth on sales from the previous year. “The year has been a turnaround year for FundedByMe… Read More

May 17, 2017 @ 7:41 am By JD Alois  |  

DoFinance, part of the Latvian Alfa Finance Group, has opened an office in Indonesia as part of an Asian expansion of their peer to peer lending operations. DoFinance said they were applying a “customer-oriented approach set to European standards” for private Asian investors. The expansion… Read More

May 17, 2017 @ 4:23 am By JD Alois  |  

While there has been some progress in the legislative odyssey of “Crowd-sourced equity funding”, as they call it down under, not everyone is pleased with the current results. VentureCrowd, a multi-class crowdfunding platform providing early stage, property and “crowd credit” finance, has labeled the process… Read More

May 17, 2017 @ 1:50 am By JD Alois  |  

CCRManager Pte Ltd, a Fintech company based in Singapore, has launched an online platform for the distribution of trade finance, supply chain finance and working capital assets.  The online platform will enable banks to manage the entire process of distributing trade finance internationally to other… Read More

May 16, 2017 @ 10:59 pm By JD Alois  |  

According to a report by Bloomberg, Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a… Read More

May 16, 2017 @ 10:15 pm By JD Alois  |  

Earlier this week, the Conference on State Bank Supervisors (CSBS) announced their “Vision 2020” initiative. The intent is to provide a solution for emerging Fintech firms and non-bank financial services. Vision 2020 comes after the CSBS sued the Office of the Comptroller of the Currency… Read More