Investment Platforms and Marketplaces

November 12, 2020 @ 9:53 am By Omar Faridi  |  

iwoca, a European alternative lender for small businesses, is reportedly planning to lend more than £200 million to small businesses before the Coronavirus Business Interruption Loan Scheme (CBILS) applications close in January 2021. iwoca recently surpassed £100 million in CBILS lending. The platform now plans… Read More

November 12, 2020 @ 8:50 am By JD Alois  |  

Funding Circle (LSE: FCH) has emerged as the 5th largest Coronavirus Business Interruption Lending Scheme (CBILS) originator, according to the company Funding Circle is a top Fintech lender serving the SME market in the UK and several other countries. During its most recent earnings release, Funding… Read More

November 12, 2020 @ 8:24 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has agreed to fast track the merger of Seedrs and Crowdcube – the two largest investment crowdfunding platforms based in the UK. The merging companies requested the fast track of the review to a Phase 2 stage… Read More

November 11, 2020 @ 8:16 pm By Omar Faridi  |  

CoinList, a top primary digital asset issuance platform, has announced that it will be listing Compound (COMP) and Celo Dollars (cUSD). The CoinList team stated that their customers are always asking them to add support for new high-quality digital assets. That’s why CoinList decided to… Read More

November 11, 2020 @ 2:09 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined Mastercard Start Path’s global network of fintech innovators. According to its description, the engagement program is dedicated to fintech innovators that are building the future of commerce. Mastercard states: “Start Path is our global startup… Read More

November 11, 2020 @ 1:12 pm By JD Alois  |  

CrossLend and Dutch crowdfunding platform Geldvoorelkaar.nl have formed a partnership to fund peer to peer loans. Geldvoorelkaar.nl went live in 2010 as the first crowdfunding platform in the Netherlands. In 2019, Geldvoorelkaar.nl was recognized as the market leader in crowdfunding in its home country.  Geldvoorelkaar.nl… Read More

November 11, 2020 @ 10:14 am By Samantha Hurst  |  

OKEx, a top 20 crypto exchange, recently announced an update regarding the suspension of digital asset withdrawals on its platform. The exchange revealed that the suspension occurred on October 16th and it has been working diligently to resolve all matters related to the suspension. OKEx… Read More

November 11, 2020 @ 9:13 am By JD Alois  |  

Linell Homes Limited (LHL) says it is resuming the construction of 10 residential dwellings close to Wakefield City Centre due to a £2.1 million CBILS loan provided by  Assetz Capital. LHL says it was compelled to pause construction due to the nationwide lockdown but the… Read More

November 11, 2020 @ 8:41 am By Omar Faridi  |  

San Francisco-based crypto exchange OKCoin confirmed that it will be supporting the Bitcoin Cash (BCH) hard fork (backwards incompatible upgrade) which will take place on November 15, 2020. The OKCoin team noted that they’ll provide an airdrop of the minority chain’s asset. Hard forks of… Read More

November 11, 2020 @ 8:13 am By Samantha Hurst  |  

U.S.-based homeownership platform Better.com announced on Wednesday it secured $200 million through its Series D funding round, which was led by L Catterton with participation from Activant Capital, Ally Financial, American Express Ventures, Ping An Global Voyager Fund, and 9Yards Capital. The latest funding round… Read More

November 11, 2020 @ 8:06 am By JD Alois  |  

CrowdProperty, on an online investment platform for property, says it has now paid back £50 million to investors while maintaining its record of no defaults since 2014. Launched in 2014, CrowdProperty claims over £100 million lent to property professionals that have funded a reported £200… Read More

November 10, 2020 @ 1:22 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest lending index revealed that small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.5% in September to 13.3% in October. Biz2Credit reported that during the month of October small… Read More

November 10, 2020 @ 9:37 am By JD Alois  |  

Celsius, a “cryptocurrency rewards-earning platform,” says it has surpassed over $2.2 billion worth of assets under management (AUM). Celsius says it topped $1 billion in total AUM earlier this year and ths has doubled its net cryptoasset holdings in just six months. Celsius has shared… Read More

November 10, 2020 @ 7:47 am By JD Alois  |  

auxmoney, a marketplace lending platform that serves both private and institutional investors, is leveraging €500 Million from BNP Paribas to invest in loans originated on the marketplace. auxmoney said it is taking the next big step on its way to becoming one of the leading… Read More

November 9, 2020 @ 5:07 pm By JD Alois  |  

Cred, a crypto lending platform, has filed for Chapter 11 bankruptcy, according to a statement from the company. The news follows reports of “irregularities” at the company. In a tweet last month, Cred said it had approached law enforcement to investigate opaque events pertaining to… Read More

November 9, 2020 @ 10:20 am By JD Alois  |  

Bloomio AG, a holding company of the Bloomio group, has announced that the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No. 10,790,976, which is described as a method for recovering cryptographic assets associated with a cryptocurrency wallet. Citing a study by… Read More

November 8, 2020 @ 7:27 pm By JD Alois  |  

Last week, the Securities and Exchange Commission announced a series of updates to the exempt offering ecosystem that included changes to online capital formation. While Reg CF received a nice increase from $1.07 million to $5 million, Reg A+ (Tier II) also received some attention… Read More

November 8, 2020 @ 6:49 pm By JD Alois  |  

StartEngine, one of the most active investment platforms offering securities under Reg CF, has posted that Q3 2020 was the biggest quarter ever for Reg CF (Regulation Crowdfunding). During the quarter, issuers raised around $72.9 million – over a 50% increase versus Q2 and more… Read More

November 8, 2020 @ 6:24 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, has acquired £30 million in capital from British Business Investments. British Business Investments operates as a commercial subsidiary of the British Business Bank. Funding Circle plans to… Read More

November 8, 2020 @ 11:12 am By Omar Faridi  |  

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, had introduced Mettalex, a “decentralized” crypto and commodities derivatives trading platform (back in August 2020). In a recent update, the Mettalex developers noted that as they get ready to officially… Read More