Investment Platforms and Marketplaces

December 30, 2020 @ 10:45 am By JD Alois  |  

SolidBlock and INX Ltd. have announced plans to list SolidBlock’s real estate backed security tokens on the INX trading platform. INX is a digital asset trading platform, as well as a token issuer. SolidBlock, based in Tel Aviv and NYC, is a tokenization platform. According… Read More

December 30, 2020 @ 8:53 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, has shared their performance data from the Prosper Portfolio for November 2020. Last month, around 84% of originations were “rated AA-B compared to 86% in the… Read More

December 29, 2020 @ 10:22 pm By Omar Faridi  |  

Digital asset exchange Huobi noted earlier this month that the ongoing upgrade of Ethereum (ETH), the world’s largest platform for building decentralized applications (dApps), is expected to make the original smart contract enabled blockchain “much more usable, scalable, and effective” — but it will also… Read More

December 29, 2020 @ 1:24 pm By JD Alois  |  

Invesdor, first launched as a Nordic securities crowdfunding platform, is reporting 2020 numbers of €25.9 million in funding for the year from 6100 individual transactions. In mid-2019, Invesdor completed a merger with online debt platform Finnest – a Fintech based in Austria. The combination of… Read More

December 29, 2020 @ 9:27 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday it has opened applications for anew round of Paycheck Protection Program (PPP) loans.  The PPP is part of the $2 trillion CARES Act signed on March 27, 2020, aimed at getting small business owners back on their feet and millions of Americans… Read More

December 29, 2020 @ 8:22 am By Samantha Hurst  |  

  Online lending platform Lendio announced on Tuesday it has relaunched its online application for small business owners to access the government funds that are set aside for additional Paycheck Protection Program (PPP) loans. As previously reported, the PPP is part of the $2 trillion… Read More

December 29, 2020 @ 8:04 am By Omar Faridi  |  

San Francisco based crypto exchange Coinbase announced on December 29, 2020, that it will be suspending XRP trading beginning on January 19, 2021. The leading digital asset exchange confirmed that “in light of the US Securities and Exchange Commission’s (SEC) recent action against Ripple Labs,… Read More

December 28, 2020 @ 9:35 am By JD Alois  |  

Digital trading platform eToro may be queuing for an initial public offering (IPO) on Nasdaq according to a recent report. The Fintech is said to be chatting with Goldman Sachs to manage the IPO. Depending on where you are sitting, eToro enables trading in both… Read More

December 27, 2020 @ 11:09 pm By Samantha Hurst  |  

    UK property crowdfunding platform Assetz Exchange is set to close its latest equity crowdfunding campaign on Seedrs with nearly £300,000 raised from more than 300 Seedrs investors. Assetz is now offering 5.25% in equity at a £5 million pre-money valuation through the funding round,  As… Read More

December 27, 2020 @ 10:10 pm By Omar Faridi  |  

Dutch banking challenger Bunq has reportedly managed to grow its mortgage portfolio by 400% within six months. Bunq began offering mortgages to Dutch clients in July 2020. The digital bank has teamed up with third-party broker, asset manager NN IP, in order to provide these… Read More

December 27, 2020 @ 9:12 pm By Omar Faridi  |  

Brian Bartaby, CEO at Proplend, a UK-based peer to peer (P2P) lender, has stated that he’s “cautiously optimistic” about how the platform will perform in 2021 after almost managing to reach profitability this year despite COVID-19 related challenges. Bartaby added that Proplend, which mainly focuses… Read More

December 27, 2020 @ 12:43 pm By Omar Faridi  |  

Zopa, formerly a peer to peer lender and now a regulated digital bank, is planning to generate sizable profits in 2021. Jaidev Janardana, CEO at Zopa, will aim to leverage his 15 years+ of experience working in the lending sector to give the platform a… Read More

December 26, 2020 @ 10:00 pm By Omar Faridi  |  

CapitalRise, an online platform for prime property lending and investing, confirmed that it has issued £92 million in loans and is now on track to hit its £100 million lending milestone at some point early next year. This, after seeing a significant increase in demand… Read More

December 23, 2020 @ 7:58 pm By JD Alois  |  

Equitise, one of the first platforms to receive an Australian retail crowdfunding license back in 2018, has shared some data platforms for platform performance for 2020.  As we all know, 2020 was a challenging year as COVID impacted all industries to varying degrees. But like… Read More

December 23, 2020 @ 9:49 am By JD Alois  |  

Just last week, OSL became the first licensed digital asset trading platform in Hong Kong. It received approval by the Securities and Futures Commission (SFC) to conduct  Type 1 (dealing in securities) and Type 7 (automated trading service -ATS) regulated activities and claims to be… Read More

December 22, 2020 @ 12:09 pm By JD Alois  |  

To issue securities under Reg CF (Regulation Crowdfunding), a platform must either be a FINRA regulated funding portal or a broker-dealer. In this sector of online capital formation, both types of regulated entities issue securities under this rule. Periodically, we re-visit the number of FINRA… Read More

December 22, 2020 @ 10:48 am By JD Alois  |  

Brickowner, a property investment platform, has selected Kenneth Green as Head of Compliance, according to a note from the Proptech. Green is a former Barclays executive with over 10 years of experience providing compliance and risk advice to financial services firms. Green said he is… Read More

December 21, 2020 @ 9:05 pm By Omar Faridi  |  

The team at Interdax, a digital assets derivatives trading platform, recently took a close look at some of the leading (non-fungible token) NFT initiatives across several different categories. The report from Interdax took a closer look at the highest volume Non-Fungible Tokens (NFTs) projects during… Read More

December 21, 2020 @ 11:21 am By JD Alois  |  

  Last month Republic, a leading investment platform and crowdfunding marketplace, announced it had acquired the assets of NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO Youngro Lee became Chief Operating Officer of Republic while remaining CEO of NextSeed Securities… Read More

December 21, 2020 @ 10:31 am By Samantha Hurst  |  

  MAXEX, a U.S.-based digital mortgage exchange, announced on Monday the launch of the first two programs in its new Environmental, Social and Corporate Governance (ESG) business line. According to MAXEX, the initial programs are designed to support the growth of minority, women, and veteran-owned… Read More