Investment Platforms and Marketplaces

November 23, 2020 @ 7:52 am By Samantha Hurst  |  

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Monday it has appointed Narine Yenovkian as its new Vice President of Compliance. LendingUSA reported that in her new role, Yenovkian will lead the Compliance Department in… Read More

November 20, 2020 @ 10:18 am By JD Alois  |  

Crypto spot and derivative exchange OKEx reports that withdrawal services of all digital assets will be resumed on or before Nov. 27, 2020. Before reopening withdrawals, the OKEx team is conducting security checks in order to resume normal operations of the hot wallet system. OKEx… Read More

November 20, 2020 @ 9:59 am By Omar Faridi  |  

Binance, the world’s largest digital asset exchange in terms of trading activity and scope of operations, has issued an update regarding its $100 million accelerator fund. The Binance team revealed that there are now more than 13 different projects being supported by the exchange’s $100… Read More

November 20, 2020 @ 8:06 am By JD Alois  |  

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has announced a partnership with Varengold Bank in Germany. According to a note from EstateGuru, the term sheet provides for a fronting agreement where Varengold will provide a regulatory umbrella for EstateGuru to provide an… Read More

November 19, 2020 @ 9:25 pm By Omar Faridi  |  

  We recently connected with Bruce Pon, Founder of Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data. Pon is also the CEO at BigChainDB, which is an organization that allows app… Read More

November 19, 2020 @ 7:00 am By JD Alois  |  

Leading global online investing marketplace OurCrowd has received a $60 million investment from ORIX Corporation (NYSE:IX). Orix is a Japan based financial services firm that offers lending, investment, life insurance, banking, asset management, real estate, and more. ORIX operates globally with offices in 37 countries… Read More

November 18, 2020 @ 9:10 pm By JD Alois  |  

Mintos, a European marketplace for loans, launched a securities crowdfunding offer on Crowdcube earlier this week. The equity sale quickly surpassed its £1 million hurdle and as of today, the offering has raised over £6 million backed by more than. In the process, Mintos set… Read More

November 17, 2020 @ 11:41 pm By Omar Faridi  |  

Indian Fintech U GRO Capital, an online lending platform for SMEs, has released its Q2 FY21 financial results and posted a (profit after tax) PAT of INR 17.2 Crores (appr. $2.28 million). The BSE (formerly called Bombay Stock Exchange) stock exchange-listed, technology-focused platform noted that… Read More

November 17, 2020 @ 9:22 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange, notes that between October 15 and November 15, 2020, the total market cap for crypto-assets surged from $359 billion to as high as $468 billion toward the end of the latest week – which represents a 34-month high…. Read More

November 17, 2020 @ 5:07 pm By JD Alois  |  

InvestiNation is a new investment crowdfunding platform that seeks to pair US accredited investors with hot startups in Israel’s booming entrepreneur ecosystem. Israel is well-known as the “innovation nation” as countless companies have launched in a relatively small country while attracting global money. The online… Read More

November 17, 2020 @ 11:53 am By JD Alois  |  

Mintos, a European marketplace for investing in loans, rocketed on Crowdcube easily topping its €1 million in just 15 minutes, cruising to €5.3 million in the first 24 hours. Mintos claims title as the largest European company to raise on Crowdcube, by both the amount… Read More

November 16, 2020 @ 3:26 pm By JD Alois  |  

Republic, a leading investment platform and crowdfunding marketplace has acquired the assets of NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO Youngro Lee will become Chief Operating Officer of Republic while remaining CEO of NextSeed Securities for the foreseeable future…. Read More

November 16, 2020 @ 12:31 pm By JD Alois  |  

Netcapital has emerged as one of the top FINRA regulated funding portals in the sector of online capital formation that has grown to over 55 approved crowdfunding platforms.  Last month, it was reported that Netcapital was a top 5 funding portal raising around $2.5 million… Read More

November 15, 2020 @ 4:24 pm By Omar Faridi  |  

Robo.cash, a peer to peer (P2P) lending marketplace, recently discussed which investments may be “advantageous” during the COVID-19 pandemic. The P2P lender noted in a blog post that COVID, which began spreading in Europe in March and April 2020, led to “unrest” among P2P investors…. Read More

November 14, 2020 @ 4:49 pm By Omar Faridi  |  

Lee Birkett, Founder at UK-based JustUs, a peer to peer (P2P) lender, has stated that the platform will begin providing P2P owner-occupied residential mortgages (starting in 2021). These mortgages will be available either with or without an exemption from the UK government. Birkett noted that… Read More

November 13, 2020 @ 11:12 am By Omar Faridi  |  

Binance Launchpool, a new project designed to bring the decentralized finance (DeFi) experience to the crypto exchange’s users, has introduced a project, called Unifi Protocol DAO (distributed autonomous organization), which is “a working multi-chain smart-contract based DeFi solution.” As explained by the Binance team, Unifi… Read More

November 12, 2020 @ 10:25 pm By Omar Faridi  |  

Singapore based peer to peer finance platform Funding Societies notes that after several years of laying the groundwork with ESG, they’re proud to confirm that their direct lending entity, FS Capital Pte Ltd (which is part of Funding Societies), was approved in October 2020 to… Read More

November 12, 2020 @ 9:42 pm By Samantha Hurst  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, announced on Thursday it raised $14.2 million through its latest investment round Founded in 2014, Applied Data Finance is the parent of consumer lending brand Personify Financial. The company stated it combines four unique… Read More

November 12, 2020 @ 1:26 pm By JD Alois  |  

Bitfinex Borrow is a newly announced a peer-to-peer crypto lending platform launched by Bitfinex. According to a blog post, Bitfinex Borrow allows users to leverage token holdings to secure a loan that can be used for trading or be withdrawn from the platform. Borrowers may… Read More

November 12, 2020 @ 10:08 am By JD Alois  |  

GROUNDFLOOR, a real estate investment platform, has announced the lowering of certain fees. GROUNDFLOOR states that for the first time since 2017, it is reducing fees and interest rates in order to support borrowers who are faced with increasing pressure on their profit margins. The… Read More