September 28, 2016 @ 10:51 am By JD Alois  |  

Dubai based Eureeca, a global investment crowdfunding platform, has officially opened its European hub with an office in the Netherlands.  FCA regulated Eureeca is seeking to expand its services and investment offerings across Europe. The company, which offers a digital marketplace for early stage entrepreneurs to… Read More

September 28, 2016 @ 9:59 am By JD Alois  |  

The Securities and Exchange Commission has scheduled a public forum to tackle the topic of Fintech – a wide ranging term that deals with innovation in the financial services sector fueled by recent improvements in technology. The event will take place at SEC headquarters on… Read More

September 27, 2016 @ 7:40 am By JD Alois  |  

Investment crowdfunding platform SeedInvest is now making it super simple to create a highly diversified portfolio of early stage investments. In an email to site users, CEO and cofounder Ryan Feit explained the new feature; “We are excited to announce the launch of SeedInvest Automated Investing. We… Read More

September 26, 2016 @ 5:19 pm By JD Alois  |  

Lending Club (NYSE:LC) has been on a steady pace rebuilding its executive bench.  Today, the largest marketplace lending platform in the US has announced a new General Counsel. Russell Elmer has been named as the new GC replacing Jason Altieri who has been Lending Club’s… Read More

September 26, 2016 @ 3:51 pm By JD Alois  |  

Orchard platform in their weekly report addressed the most recent ABS East conference – a hot Wall Street gathering on all things securitization. This year opening remarks were delivered by Steve Eisman who was made famous by his depiction in the Hollywood film the Big… Read More

September 26, 2016 @ 11:18 am By JD Alois  |  

In explaining how they are different, Folk2Folk, an up and coming peer to peer lender explains they are “resetting the values around lending money.” While embracing technology that facilitates the lending process, Folk2Folk maintains numerous brick and mortar locations as they believe in dealing with… Read More

September 26, 2016 @ 9:12 am By JD Alois  |  

GLI Finance (LSE:GLIF), a diversified portfolio company focusing on alternative finance, has published its 6-month report for 2016.  The financial results show a a £6.9 million loss from a £5.3 million profit year on year. The loss included £12.9 million in writedowns on investments. GLI’s net asset… Read More

September 26, 2016 @ 8:19 am By JD Alois  |  

Peer to peer lender ArchOver is pointing to a recent report from Equity Development regarding investor protection for lenders using their platform. The report calls ArchOver the “pioneer of secured and insured loans” for SMEs. ArchOver says that to date the platform has not experienced… Read More

September 25, 2016 @ 10:26 pm By JD Alois  |  

Bank Indonesia (BI) recently announced 5 new initiatives regarding the payment system – a hot sector of financial services. Within these five strategic objects was Financial Technology or Fintech. Bank Indonesia, the central banking authority of the 4th most populous country in the world stated;… Read More

September 25, 2016 @ 9:09 pm By JD Alois  |  

Hidden Radio was an early Kickstarter success. Co-founded by John Van Den Nieuwenhuizen and Vitor Santa Maria their very first rewards project raised over $930,000 for a stylish blue-tooth connected radio. Over 5300 backers signed up to receive one or more of the speakers. The response was… Read More

September 25, 2016 @ 3:18 pm By JD Alois  |  

Shanghai Daily is reporting that global consultancy EY has gotten sucked into the collapse of peer to peer lender Jinxing Investments. According to the report, the Shanghai offices of EY has endured several protests becoming surrounded by angry investors who were under the impression that… Read More

September 25, 2016 @ 1:08 pm By JD Alois  |  

Legion M is one of the early success stories of Reg CF investment crowdfunding. Legion M raised $1 million on Wefunder with the backing of over 3,000 individual investors – the most ever for a single Reg CF offer to date. Out of the 32… Read More

September 24, 2016 @ 6:05 pm By JD Alois  |  

Fundera is an online platform that streamlines the borrowing process. They have integrated a diverse group of online lenders to allow small businesses the ability to apply on one site and receive offers from multiple direct lenders. No more trudging down to the local bank… Read More

September 24, 2016 @ 12:26 pm By JD Alois  |  

Congressman Patrick McHenry announced new legislation this week created to improve financial innovation in the US. Unlike some other countries, financial service firms are mandated to follow rules enforced by a litany of government agencies.  Dealing with the maze of bureaucrats is not easy for… Read More

September 23, 2016 @ 7:05 pm By JD Alois  |  

Yesterday Crowdfund Insider wrote about forthcoming legislation from Congressman Patrick McHenry that is designed to enhance Fintech innovation in the US. Today we have a copy of the draft bill, embedded below. The 18 page document entitled the Financial Services Innovation Act of 2016 is… Read More

September 23, 2016 @ 11:03 am By JD Alois  |  

Lufax, one of China’s largest peer to peer lending platforms, is preparing for its long-awaited IPO. This is according to a report in Reuters that stated the IPO could raise $5 billion. At the last funding round, Lufax captured a valuation topping $18 billion.  China… Read More

September 23, 2016 @ 10:17 am By JD Alois  |  

Every now and then the Federal Reserve kicks out some interesting research regarding Fintech and alternative finance. During the waning days of summer of 2015, the Federal Reserve of Cleveland published a report on online lending entitled; “Alternative Lending Through the Eyes of Mom &… Read More

September 23, 2016 @ 9:30 am By JD Alois  |  

Two-year-old online lender DueCourse has raised £6.25 million with the participation Alex Chesterman, Simon Franks and Rocket Internet affiliated GFC. The Manchester Evening News said DueCourse was queuing up to raise an additional £10 to £15 million in a Series A funding round at some point in… Read More

September 22, 2016 @ 2:27 pm By JD Alois  |  

Congressman Patrick McHenry, the Chief Deputy Whip of the House, has introduced new legislation designed to boost Fintech innovation in the US. Today, the US may be the financial center of the world but in some respects, the country is slipping behind when it comes… Read More

September 22, 2016 @ 9:48 am By JD Alois  |  

EY, in collaboration with Innovate Finance, has published a report on the need for investment banks to collaborate with Fintech firms and embrace innovation.  Entitled Capital Markets: Innovation and the Fintech Landscape, the authors state that while Fintech may have started with P2P lending, equity… Read More