Investment Platforms and Marketplaces

December 1, 2022 @ 8:59 am By Omar Faridi  |  

Over the last year, the team at Assetz Capital have finally seen “substantial rises” in bank interest rates after well over ten years of them “languishing at near zero levels.” Assetz Capital noted in a blog post that this has led to the Access Accounts… Read More

December 1, 2022 @ 7:26 am By Omar Faridi  |  

The team at Mintos are pleased to announce an improvement to how the Mintos Risk Score is displayed on the platform. Previously, they displayed Mintos Risk Scores “as whole numbers, for example, 7. But now, [they] display all Mintos Risk Scores rounded to one decimal… Read More

November 30, 2022 @ 4:00 pm By JD Alois  |  

Rialto Markets, a broker-dealer that specializes in online capital formation, has announced a partnership with Rubicon Carbon, LLC. Rialto will serve as the tech provider for the issuance of the assets. According to a note from the firm, the partners will launch market-based products for… Read More

November 30, 2022 @ 3:36 pm By JD Alois  |  

Kraken, the third largest crypto exchange according to Coinmarketcap, has decided to reduce its workforce by 1100 employees representing approximately 30% of its headcount. The reduction in employees was revealed in a blog post today by Kraken CEO and co-founder Jesse Powell. Powell said the… Read More

November 30, 2022 @ 11:53 am By JD Alois  |  

Binance recently announced the creation of an “Industry Recovery Fund” following the collapse of FTX and the collateral damage it has caused to the cryptocurrency industry. Several other platforms have indicated they have been impacted by the bankruptcy of FTX, and several have shut down… Read More

November 29, 2022 @ 11:47 pm By Omar Faridi  |  

In October, Bondora reveals it “saw favorable increases in investments and originations. Originations exceeded €15M, and investments €14M.” This puts Bondora on track “for a good Q4 in 2022.” Spanish originations “exceeded 1M once again.” In contrast to September, investments “for all products increased in… Read More

November 29, 2022 @ 9:02 pm By Omar Faridi  |  

Credifiel, which claims to be one of the largest Mexican payroll lending companies specializing in loans for government employees whose loan repayments are deducted directly from their salaries, has “launched a cashback offer.” For a limited time, you can “earn a cashback for investments in… Read More

November 29, 2022 @ 8:41 pm By Omar Faridi  |  

A microfinance company, A Credit, launched by Aventus Group in the Republic of Kazakhstan in February 2022, joins the PeerBerry platform. A Credit will “offer PeerBerry investors investments in short-term loans with an 11.5% annual return.” A Credit loans offered to PeerBerry investors “include a… Read More

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

November 29, 2022 @ 12:25 pm By Omar Faridi  |  

The team at Prosper notes that they’re sharing performance data from the Prosper Portfolio for October 2022. Highlights from the Prosper Performance Update – October 2022: Dollar % of AA-B rated loan originations in October comprised approximately 63% of total loan originations, representing a 102… Read More

November 29, 2022 @ 12:21 pm By JD Alois  |  

LendingRobot has been acquired by Lime Financial. According to an email, Lime Financial is now the majority owner of the company. Details of the transaction were not provided. LendingRobot was previously part of Lend Academy Investments, LLC dba NSR Invest. Lend Academy also operates the… Read More

November 29, 2022 @ 10:17 am By JD Alois  |  

Bitfront, a US-based crypto exchange and yield provider, has decided to shut down. Bitfront is just the latest casualty during a time of crypto contagion following the collapse of multiple large digital asset platforms. Bitfront, previously known as BITBOX – located in Singapore, is a subsidiary… Read More

November 29, 2022 @ 8:20 am By Omar Faridi  |  

The wave of embedded finance options is starting to move this “proverbial ship” forward, as options available at MarketFinance through their pay later financing for small businesses mean that finally, sole traders can “get instant access to credit at the point of sale when procuring… Read More

November 29, 2022 @ 8:17 am By Omar Faridi  |  

EstateGuru reports that the satisfactory level of loan origination “continued in October with the same storyline as in September.” In October, Estonia was “the best-performing market with €6.5M worth of loans funded, followed by Lithuania (€3,3M) and Germany (€1.8M).” The total financed amount was €15,1M…. Read More

November 28, 2022 @ 8:57 pm By Omar Faridi  |  

The monthly volume of funding raised by P2P platforms traditionally “grows in December,” according to an update from Robo.cash, an online investment platform. Geographically, the Baltic countries “show the greatest stability over the year,” the team at Robocash writes in a blog post. Robocash platform… Read More

November 28, 2022 @ 12:17 pm By Omar Faridi  |  

The team at Kraken says you can keep calm and HODL on, because recurring buys are now available on the Kraken app. This new feature lets you “schedule your crypto purchases quickly and easily, which saves you time and can help ease the stress of… Read More

November 28, 2022 @ 11:24 am By JD Alois  |  

BlockFi has filed for bankruptcy under Chapter 11 in the US courts. The news has been widely rumored in the last few weeks as BlockFi’s destiny had been tied to the future of FTX, a crypto firm that filed for bankruptcy earlier this month. In… Read More

November 28, 2022 @ 7:35 am By Omar Faridi  |  

Darksquare, which aims to open up the world of alternative investments to individuals, has secured 98% (£197,350) of its £200,002 fundraising target from 82 investors (at the time of writing) with 23 days left in the firm’s crowdfunding campaign, carried out via Seedrs. Located in… Read More

November 25, 2022 @ 8:19 am By Omar Faridi  |  

The team at October are pleased to announce that after months of work, the October Connect website is finally live. October’s Tech, Product, Marketing and Connect teams “have worked hard to deliver a totally restyled website.” The design “has been reviewed, each word was carefully… Read More

November 24, 2022 @ 1:28 pm By JD Alois  |  

Prominent Latin American crypto exchange Bitso has posted all funds are secure during a time when some are questioning the viability of certain crypto marketplaces and counterparty risk associated with the FTX bankruptcy. Bitso said in a statement that it was going beyond proof of… Read More