May 5, 2017 @ 9:04 am By JD Alois  |  

Assetz Capital is reporting that a key promotional interest rate increase is having the desired impact. According to the peer to peer lender, £10 million in new investment has been received in just three weeks. The rate increase went live on 13 April giving new… Read More

May 5, 2017 @ 7:48 am By JD Alois  |  

Prosper Marketplace, one of the largest online lending platforms in the US, has apparently been overstating annual investment returns on loans due to an error in their systems. Bloomberg reported yesterday that investors were being notified of the error and that the issue has been… Read More

May 5, 2017 @ 3:07 am By JD Alois  |  

Recently, Crowdfund Insider reported that a Vantiv, a credit card processor, had stepped up to the plate to facilitate payments in purchasing crowdfunded securities. Vantiv was the first company to enter the emerging sector of finance. The hesitancy was due to the newness of crowdfunding… Read More

May 4, 2017 @ 8:49 pm By JD Alois  |  

Lending Club (NYSE:LC), the largest marketplace lending platform in the US, released quarterly earnings results today. Originations declined dramatically from the same quarter in 2016. Originations also dipped versus Q4. Obviously the online lender would prefer to report the exact opposite. While the results were… Read More

May 4, 2017 @ 4:37 pm By JD Alois  |  

Jay Clayton was sworn into office today by U.S. Supreme Court Justice Anthony M. Kennedy. Clayton will join the SEC as the 32nd Chairman of the Commission. “It is a tremendous honor to lead the SEC and to be sworn in by Justice Kennedy, whom I… Read More

May 4, 2017 @ 4:19 pm By JD Alois  |  

Marketplace lending platform Lending Club (NYSE:LC), announced Q1 2017 results showing a decline in originations versus Q4 and same quarter year prior. Lending Club has now topped $26 billion in loan originations since platform launch ten years ago. Lending Club is the largest personal loan… Read More

May 4, 2017 @ 2:38 pm By JD Alois  |  

  LendIt Europe 2017 has nailed down the dates for its forthcoming event this fall in London. There was a formal kick-off that took place last night at the Dion in St. Paul’s in London where 75 of the UK’s “Fintech elite” gathered for a… Read More

May 4, 2017 @ 9:51 am By JD Alois  |  

The Fourth Annual Crowdfunding USA conference is taking place today in Washington, DC. All sessions are being Live-streamed and you may view it below. Topics include: The state of US crowdfunding Reg A+ Title III / Reg CF Secondary market liquidity Real estate crowdfunding Dodd-Frank… Read More

May 4, 2017 @ 9:41 am By JD Alois  |  

Adena Friedman, CEO of NASDAQ, has published an Op-Ed on WSJ.com. Her topic of discussion is the challenging IPO market in the US. This is a frequent issue of debate as the decline of IPOs has been going on for years. Both elected and appointed… Read More

May 4, 2017 @ 8:33 am By JD Alois  |  

SME funding specialist Finnest has won the business of another established business. Strasser Steine (Stones), a market leader in natural stone countertops for kitchens and more, has selected the peer to peer lender to raising growth capital for its business. Beginning today, investors can invest… Read More

May 3, 2017 @ 7:54 pm By JD Alois  |  

  OTC Markets Group Inc. (OTCQX: OTCM) has announced its financial results for the first quarter of 2017. OTC revenues came in at $13.4 million for the quarter versus $12.8 million for prior year quarter a 5% increase. Operating income hit $4.2 million for the quarter versus… Read More

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

Pretty much everyone has a smartphone these days. Either iOS or Android, we carrying our mini-computers with us everywhere, purchasing, reading, socializing, working and more. All day long. The data potentially captured by a smartphone is profound. There are many products and services that stand… Read More

May 3, 2017 @ 11:50 am By JD Alois  |  

Jay Clayton was confirmed by the US Senate last night to become the Chairman of the Securities and Exchange Commission. Clayton will become a member of the Commission for a term ending June 5, 2021. The vote in favor of Clayton’s nomination came in at… Read More

May 3, 2017 @ 11:37 am By JD Alois  |  

The Comptroller of the Currency, Thomas J. Curry, will step down on May 5, 2017, according to a release by the Office of the Comptroller of the Currency. Curry will be replaced by Keith A. Noreika who will serve as Acting Comptroller of the Currency until… Read More

May 3, 2017 @ 10:22 am By JD Alois  |  

Crowdcube, the UK’s largest equity crowdfunding platform, is out with a report on Q1 2017 operations. The online marketplace is reporting “another record quarter” having funded 29 early to mid-stage business for a total of over £23 million.  Crowdcube states that this represents 2.7X more… Read More

May 3, 2017 @ 8:58 am By JD Alois  |  

The Crowd Invest Summit is out with statement that it intends on targeting the real estate crowdfunding sector at this years LA conference. Real estate crowdfunding has become one of the most successful sectors of alternative finance. The combination of a hard asset and the… Read More

May 3, 2017 @ 8:28 am By JD Alois  |  

Lendy, a UK based peer to peer lending platform in the secured property sector, believes 2017 is the year for P2P lending to finally mature. Management says that P2P will shift from alternative finance to “main challenger to the traditional banks.”  But to accomplish this… Read More

May 2, 2017 @ 9:46 pm By JD Alois  |  

Adomani ( proposed NASDAQ ticker is ADOM), a provider of zero-emission electric and hybrid vehicles and replacement drivetrains, has announced it has received in escrow subscriptions totaling in excess  of the $10.6 million minimum amount  for its Reg A+ offering. Solid investor interest means that… Read More

May 2, 2017 @ 3:53 pm By JD Alois  |  

RateSetter is expanding its footprint by entering into a strategic partnership with personal loan provider George Banco. RateSetter has also acquired an equity stake in the George Banco company. George Banco is one of the UK’s largest guarantor lending platforms. The partnership incorporated the acquisition… Read More

May 2, 2017 @ 3:32 pm By JD Alois  |  

SeedLegals is a Legaltech platform for startup funding rounds. The UK-based platform lets startups and investors complete all the legal documents for their funding round. Typically these can take months. SeedLegals can complete in in a matter of days. Only recently launched, SeedLegals has received… Read More