March 5, 2017 @ 11:33 am By JD Alois  |  

LendIt, kicks off tomorrow in New York City. The annual event started as a small gathering of emerging online lending platforms and has since morphed into a huge gathering of not just online lending but global Fintech platforms. This year’s event is predicted to be… Read More

March 5, 2017 @ 10:45 am By JD Alois  |  

Money360 is experiencing rapid growth in the marketplace lending sector for real estate. Recently Money360 announced it had surpassed $200 million in commercial real estate loans after exceeding $100 million last August. Money360 expects to top $500 million in real estate financing by the end… Read More

March 5, 2017 @ 8:37 am By JD Alois  |  

Dubai-based Beehive has become the first peer to peer lending platform to be authorised and regulated by the Dubai Financial Services Authority (DFSA) Beehive reports that the new regulation is a first for the region and may catalyze sector growth of the Fintech industry. Beehive said… Read More

March 4, 2017 @ 1:52 pm By JD Alois  |  

In a post on their website, Fintech firm Crowdsurfer announced that their “most wide-ranging database of crowd finance campaigns is now free for all.” The Crowdsurfer database was described as providing “unprecedented levels of information on crowdfunding and P2P [lending]”. Crowdsurfer still hosts a premium… Read More

March 3, 2017 @ 4:40 pm By JD Alois  |  

Orchard’s platform published their quarterly report a few days back covering Q4 of 2016. According to Orchard, loan volume increased in Q4 reversing a trend that began in Q4 of 2015.  While originations ticked up in Q4 versus Q3, they are still nowhere close to where… Read More

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

The Securities and Exchange Commission (SEC), under the auspices of the Division of Economic and Risk Analysis (DERA), published a white paper on Regulation Crowdfunding (Reg CF) earlier this week. The report, written by Vladimir Ivanov and Anzhela Knyazeva, is basically a point in time… Read More

March 3, 2017 @ 11:25 am By JD Alois  |  

Lending Club (NYSE:LC) has was a significant court victory regarding its ability to compel arbitration. The case Bethune v. LendingClub Corp. was filed in the Souther District Court of New York in 2016. The issue pertained to the interest rate a New York resident was being charged… Read More

March 3, 2017 @ 10:52 am By JD Alois  |  

Online lending platform UpStart has raised $32.5 million led by Rakuten, a Japanese conglomerate that has been pushing into Fintech, and a large “US-based Asset manager”. Existing investors Third Point Ventures, Khosla Ventures, and First Round Capital also participated in the funding round. Oskar Mielczarek de… Read More

March 3, 2017 @ 9:56 am By JD Alois  |  

Investment crowdfunding platform StartEngine has just closed its third $1 million funding round under Reg CF. ElliptiGO is the third company in the last three months to reach $1 million crowdfunding cap on StartEngine. Under Reg CF, companies may raise up to $1 million online… Read More

March 3, 2017 @ 9:14 am By JD Alois  |  

Credit Suisse has announced, “enhancements” to its digital private banking platform in Asia by partnering with Fintech company Mesitis Pte Ltd to provide its clients the ability to access “Canopy”, an automated account aggregation platform and reporting solution through Credit Suisse’s digital private banking platform…. Read More

March 3, 2017 @ 8:31 am By JD Alois  |  

Nucleus Commercial Finance has provided a specialist construction firm with £3.8 million alternative finance funding line to complete its work at Hinkley Point C nuclear power station (HPC) over the course of the next ten years. The multi-million-pound deal is comprised of £1.8 million in property… Read More

March 3, 2017 @ 8:08 am By JD Alois  |  

The Innovative Finance ISA or IFISA has been heralded by many in the P2P lending sector as a boon for the industry. Investors now have the ability to participate in P2P loans while benefiting from the tax deferred nature of ISAs. Yet the Financial Conduct… Read More

March 2, 2017 @ 11:14 pm By JD Alois  |  

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

March 2, 2017 @ 6:16 pm By JD Alois  |  

Finnest, an SME or “Mittelstand spezialist,” is helping Austria-based Biogena to fund its expansion in Germany. Finnest is a new online lending platform that accepts both individual and institutional investors. Finnest allows investors the ability to lend money to smaller businesses in a rate-auction process. Investors… Read More

March 2, 2017 @ 12:12 pm By JD Alois  |  

4finance Holding S.A., a large European online and mobile consumer lending company, has published unaudited consolidated results for the twelve months ending 31 December 2016. According to their information; Revenue up 24% to € 393.2 million in the Period compared with € 318.3 million in… Read More

March 2, 2017 @ 8:57 am By JD Alois  |  

Lykke, a Swiss Fintech company building a blockchain-powered marketplace,  is reporting it has completed a three-week public offering of a 1-year forward equity contract. The offer, which was said to be oversubscribed, raised CHF 2 million for the company from more than 340 new investors…. Read More

March 1, 2017 @ 8:45 am By JD Alois  |  

Ron Suber, Prosper Marketplace President and prominent Fintech investor, has taken a stake in Money360 – a fast growing real estate investment marketplace.  Suber will also play an active role as a Strategic Advisor to Money360 to help boost platform growth. Money360 has grown exponentially…. Read More

March 1, 2017 @ 8:13 am By JD Alois  |  

SyndicateRoom, a leading equity crowdfunding platform, has been championing IPO reform for some time now.  Gonçalo de Vasconcelos, CEO and co-founder of SyndicateRoom, welcomed the announcement earlier today that the Financial Conduct Authority (FCA) has published a consultation paper addressing existing shortcomings in the IPO… Read More

March 1, 2017 @ 7:56 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a consultation paper on the initial public offering (IPO) process. The paper is part of an initiative designed to reform the UK IPO ecosystem by improving the quality of information provided to market participants. Christopher Woolard, Executive Director… Read More

February 28, 2017 @ 4:23 pm By JD Alois  |  

CommonBond, an online lender that provides student loan refinancing as well as personal loans, has launched a new scholarship program. CommonBond has now lent almost a billion dollars to fund education and they see an opportunity to help make student loans more affordable by launching a… Read More