Investment Platforms and Marketplaces

February 18, 2022 @ 8:01 am By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

February 18, 2022 @ 7:54 am By Omar Faridi  |  

Ararat Yuzbashyan, CTO at EstateGuru, has explained how he aims to improve the lives of his colleagues. Ararat also talked about the advice he would give to talented professionals who are thinking of joining EstateGuru. Ararat has been working at EstateGuru for around 10 years…. Read More

February 18, 2022 @ 2:37 am By Omar Faridi  |  

The peer-to-peer market is expected to grow by around 20% this year, according to a report from Croatian lender Robo.cash. Robocash analysts noted that the optimistic scenario for 2022 is being supported by the general development trend from last year. Industry experts are also betting… Read More

February 17, 2022 @ 11:08 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is reportedly looking into the relationship between the US division of Binance, the world’s largest digital asset exchange, and two trading companies with alleged ties to Binance founder Changpeng Zhao or “CZ”, according to sources familiar with the… Read More

February 17, 2022 @ 8:49 am By Omar Faridi  |  

European lender Bondora reveals that 2022 is off to a solid start, as the annual return rate for 2021 outperforms the target rate by 5.5%. The quarterly performance has also improved from December 2021, with all four quarters of 2021 “performing above their target rates.”… Read More

February 17, 2022 @ 8:46 am By Omar Faridi  |  

The year has kicked off on a strong note in the United Kingdom’s housing market and the price of an average home continued to reach all-time highs, according to an update published by Blend Network, a specialist development finance lender. The Nationwide House Price Index… Read More

February 16, 2022 @ 11:57 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that enables clients to purchase, sell, send and spend a range of virtual currencies, has announced that Valliance Bank, a provider of various financial solutions, will provide clients access to Bitcoin (BTC) and Ethereum (ETH) via… Read More

February 16, 2022 @ 11:30 am By JD Alois  |  

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More

February 16, 2022 @ 10:22 am By JD Alois  |  

Invesdor, a top European securities crowdfunding platform based in Finland, merged with Germany-based Kapilendo in 2021. Today, Invesdor has announced the two platforms are combining to create a single website to “make cross-border investing easy and affordable.” In 2019, Invesdor merged operations with debt-based platform… Read More

February 16, 2022 @ 8:31 am By Omar Faridi  |  

The team at European lender Mintos has shared updates about the latest actions taken in the case of GetBucks Botswana, GetBucks Zambia, and their guarantor – Luxembourg-headquartered firm MyBucks SA. GetBucks Botswana (Cashcorp Proprietary Limited, Firstcred Limited, TU Employee Benefits Proprietary Limited) and GetBucks Zambia… Read More

February 15, 2022 @ 11:15 pm By JD Alois  |  

In 2021 the Korean government cracked down on digital asset exchanges requiring the crypto trading platforms to receive regulatory approval to operate. While some were approved before a strict deadline the bulk struggled to meet the requirements. One of these was GOPAX. Today, according to… Read More

February 15, 2022 @ 3:15 pm By Tony Zerucha  |  

Assetz Capital plans to lend £1 billion to homebuilders in 2022 before ramping it up 50 per cent in 2023 to £1.5 billion, the company said this week. The announcement was made by parent company Assetz. The move is designed to stimulate demand amongst SME… Read More

February 15, 2022 @ 6:06 am By Omar Faridi  |  

Alto Solutions, Inc., the self-directed IRA platform making it easy and affordable for individuals to invest in alternative assets via tax-advantaged retirement funds, has announced the company’s partnership with Prosper Marketplace, Inc., an online marketplace for consumer loans. Users of the Alto IRA platform may… Read More

February 14, 2022 @ 5:27 pm By JD Alois  |  

Commissioner Hester Peirce has once again come to the defense of a Fintech innovator pertaining to the settlement announced today in regards to BlockFi –  a large crypto platform. As was reported earlier, BlockFi must pay $100 million in penalties to both the SEC and… Read More

February 14, 2022 @ 4:05 pm By JD Alois  |  

BlockFi, a top crypto platform that provides crypto lending services, has settled with the Securities and Exchange Commission following an investigation into the company’s activities. The settlement was leaked last week and BlockFi will be paying a total $100 million penalties. There were no allegations… Read More

February 14, 2022 @ 3:42 pm By JD Alois  |  

StartEngine, one of the largest securities crowdfunding platforms in the US, has filed a Form 1-A to pursue a Reg A+ offering aiming to raise up to $46 million.  StartEngine had indicated earlier this year its intent to pursue another funding round after completing a… Read More

February 14, 2022 @ 11:46 am By JD Alois  |  

Yesterday was the 56th Super Bowl where the LA Rams topped the Cincinnati Bengals by just a three-point spread. While the game was exciting, much discourse around the annual event tends to target the television commercials that costs advertisers millions of dollars due to the… Read More

February 14, 2022 @ 8:49 am By JD Alois  |  

Netcapital is a private securities market that allows firms to raise capital under the various exemptions available including Reg CF. A FINRA regulated funding portal, Netcapital also works with Livingston, a broker-dealer, to raise money under Reg D 506. Netcapital caters to both non-accredited and… Read More

February 14, 2022 @ 1:48 am By Omar Faridi  |  

PeerBerry business partner – real estate developer SIB Group – has successfully finalized the apartment building project “Skvero namai” in the center of Vilnius, the capital of Lithuania. The real estate loan of €1 million (the total amount with interest rate €1,068 803) was repaid… Read More

February 14, 2022 @ 1:24 am By Omar Faridi  |  

Investors are reportedly demanding high-quality, diversified exposure to digital investment strategies. And to address such requirements, institutions must steadily move along the adoption curve, equipped with advanced tools and trading capabilities. Coinbase Prime continues to cater to the goals of institutional investors in navigating this… Read More