Investment Platforms and Marketplaces

February 2, 2021 @ 9:45 pm By Omar Faridi  |  

Peer to peer lending marketplace Robo.cash has noted that the volumes of alternative lending in developing nations have been “growing yearly by 25% since 2017.” The Robo.cash team confirms in an update that funding from European investors has been “an important contributor” to the rise… Read More

February 2, 2021 @ 9:21 pm By JD Alois  |  

SocietyOne, an Australian marketplace lending platform, says it has topped $1 billion in online lending in January. SocietyOne notes that it launched a secured lending product in December and said the month generated a record amount of originations. The secured product first completed a pilot… Read More

February 2, 2021 @ 3:49 pm By Samantha Hurst  |  

Noah Kerner, the CEO of micro-investing mobile app Acorns, joined CNBC’s Squawk on the Street on Tuesday to discuss the Acorns platform, along with the importance of diversification during the latest retail trading surge. During his interview, Kerner revealed that the Acorns platform has almost… Read More

February 2, 2021 @ 11:09 am By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, announced on Tuesday that Metro Bank is purchasing its loan portfolio in line. RateSetter reported that Metro Bank has been funding all-new consumer lending following the RateSetter acquisition, which took place in September 2020. “Today’s announcement… Read More

February 2, 2021 @ 10:46 am By JD Alois  |  

Digital asset exchange Gemini has launched a new interest-earning program called “Gemini Earn.” According to the company, Gemini Earn allows customers to earn up to 7.4% APY on cryptocurrencies. Crypto investors may earn interest on cryptocurrencies via the Gemini platform and the product is available… Read More

February 2, 2021 @ 8:21 am By Samantha Hurst  |  

  LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, recently announced it has teamed up with Cross River Bank to open second round of Paycheck Protection Program (PPP) applications for small businesses. LendingUSA reported that small business… Read More

February 1, 2021 @ 8:24 pm By JD Alois  |  

CoAssets, an early entrant in the investment crowdfunding sector that once saw its shares trade on the Australian Stock Exchange (ASX), is being investigated by government authorities in Singapore following the news the company was shutting down. Earlier this month, CoAssets issued the following statement:… Read More

February 1, 2021 @ 1:44 pm By JD Alois  |  

Robinhood has raised $3.4 billion in capital from Ribbit Capital, CONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, and NEA. The additional funding is a solid sign of commitment by investors as Robinhood struggles in light of heightened volatility of shares like Gamestop driven by Reddit… Read More

February 1, 2021 @ 10:12 am By Omar Faridi  |  

Crypto Broker AG, which is the Crypto Finance Group‘s brokerage, has reportedly been issued a license to serve as a securities house along with a bilateral trading facility by the Swiss Financial Market Supervisory Authority (FINMA). After this license has gone into effect or become… Read More

February 1, 2021 @ 8:28 am By Omar Faridi  |  

Peer to peer lending marketplace Mintos has confirmed that the first update of its Mintos Risk Scores is now live and accessible. The European loan marketplace provider notes that it’s sharing the first quarterly Mintos Risk Score update “since this numerical model for evaluating risk… Read More

January 30, 2021 @ 5:04 pm By Omar Faridi  |  

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, recently explained why people should be using its Auto Invest feature. EstateGuru writes in a blog post that the modern world has been “shaped by automation, which is one of the key forces driving progress.”… Read More

January 30, 2021 @ 3:54 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange in terms of volume and scope of operations, recently revealed that a sudden rush of new users on its platform had put its systems under a lot of stress and overload, leading it to temporarily suspend withdrawals. Binance… Read More

January 29, 2021 @ 12:10 pm By Samantha Hurst  |  

Max Crowdfund, a blockchain-powered real estate crowdfunding platform, announced on Thursday it has expanded its services to New Zealand. The platform will launch in the country under Max Crowdfund NZ Agency Limited.  Max Crowdfund reported that the launch in New Zealand will allow investors to… Read More

January 29, 2021 @ 10:43 am By JD Alois  |  

Yesterday, it was reported that Bittrex quickly listed tokenized securities representing GameStop and AMC Entertainment. Today, Bittrex is expanding this list taking advantage of trading demand for highly shorted shares that have been targeted by certain forums like Wallstreetbets on Reddit. Bittrex is out with… Read More

January 29, 2021 @ 8:13 am By Omar Faridi  |  

Digital asset exchange Coinbase has confirmed its plans to become a publicly-traded company “pursuant to a proposed direct listing of its Class A common stock.” Coinbase Global, Inc. noted in a blog post published on January 28, 2021, that the proposed listing is “expected to… Read More

January 27, 2021 @ 11:49 pm By Omar Faridi  |  

Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has reportedly acquired $20 million in capital via its Series A round. CapBay’s investment round saw contributions from existing investor KK Fund, a Singapore-headquartered VC firm that makes investments in startups or early-stage initiatives… Read More

January 27, 2021 @ 8:26 am By JD Alois  |  

British Business Investments has committed £10 million to Syndicate Room. British Business Investments is a subsidiary of the British Business Bank. Syndicate Room was previously an investment crowdfunding platform that has since migrated to a fund model. According to a noted from Syndicate Room, the… Read More

January 27, 2021 @ 7:49 am By Samantha Hurst  |  

    Canadian marketplace lending platform LendingArch announced on Wednesday it has further expanded into the U.S. by expanding its Consumer Debt Division Nationwide throughout all 50 states. According to LendingArch, the LendingArch Consumer Debt Division is focused on helping Americans lower or eliminate their… Read More

January 26, 2021 @ 11:53 am By JD Alois  |  

Birchal, the leading investment crowdfunding platform in Australia, has published a report on the entire sector of online capital formation as well as platform performance. The report tracks progress in the Australian “crowd-sourced funding” (CSF) industry (investment crowdfunding) via data aggregated by Birchal. The information… Read More

January 26, 2021 @ 9:45 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Tuesday it raised $32 million through its Series C funding round, which was led by Ten Coves Capital with participation from Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase. As previously reported, Roostify describes… Read More