Investment Platforms and Marketplaces

October 12, 2020 @ 8:05 am By Omar Faridi  |  

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

October 11, 2020 @ 10:44 pm By Samantha Hurst  |  

Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently announced it has formed a strategic partnership with Transfero Swiss AG, the largest digital asset management firm in Latin America and the owner of Brazilian Digital Token (BRZ), a stablecoin pegged to Brazilian Real. According to Paxful,BRZ’s price… Read More

October 11, 2020 @ 10:45 am By JD Alois  |  

Last week, LendingClub (NYSE:LC) filed an 8-K with the Securities and Exchange Commission (SEC) indicating its intent to stop offering retail notes by the end of the year. The leading marketplace lender in the US started as a peer to peer lender but over the… Read More

October 10, 2020 @ 10:08 am By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer noted on October 7, 2020 that Recollecta has taken over its debt collection and management of the repayment process. This should help speed up repayments to the platform’s investors, the lender claims. The Grupeer team confirmed that they… Read More

October 9, 2020 @ 9:50 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Coronavirus Business Interruption Loan Scheme (CBILS) was originally scheduled to end on September 30, 2020. But the UK government has confirmed that the CBILS… Read More

October 9, 2020 @ 3:26 pm By Omar Faridi  |  

A study recently performed by the European peer to peer (P2P) lending platform Robo.cash reveals that the main factors for its success during COVID were the profits it generated in 2019 and “work with affiliated loan originators.” Robo.cash claims that “remarkably, interest rates, funding volumes… Read More

October 9, 2020 @ 2:58 pm By JD Alois  |  

ARK Investment Management LLC, an investment management firm looking to invest in the “next big thing,” now controls a 10.47% stake in LendingClub (NYSE:LC), according to a Schedule 13G filed with the Securities and Exchange Commission (SEC). The revelation of the significant shareholding comes during… Read More

October 9, 2020 @ 2:12 pm By Omar Faridi  |  

Crypto exchange OKCoin, which claims that its trading services are regulated, has announced the launch of its business office in Singapore. The fiat-focused digital asset exchange aims to serve as the Southeast Asia hub catering to clients based in Asia and Oceania. According to a… Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

October 8, 2020 @ 11:18 pm By JD Alois  |  

Tokenization platform and digital assets exchange Sports D³ reports that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia. Sports D³ seeks to offer an alternative path for professional sports teams to raise capital via digital securities sold to… Read More

October 8, 2020 @ 9:02 pm By Omar Faridi  |  

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has reportedly won the HR Asia Award 2020. The tech firm has been recognized as one of “The Best Companies to Work for… Read More

October 8, 2020 @ 8:20 am By Samantha Hurst  |  

U.S.-based online lending platform VIVA Finance announced on Thursday it secured $2.3 million through its latest seed funding round, which was ledgy Acumen Fund. The company’s total amount raised is now up to $3.5 million. Formed in 2019, VIVA describes itself as an online lending… Read More

October 8, 2020 @ 8:01 am By Omar Faridi  |  

SMART VALOR, a Switzerland based regulated digital asset exchange, will be running an Automated Price Reserve for the VALOR token on the Kyber Network, which provides a tool that allows traders to exchange tokens instantly without having to use exchanges. The VALOR token will be… Read More

October 7, 2020 @ 8:32 pm By Omar Faridi  |  

The developers of Aave, an open-source and non-custodial decentralized finance (DeFi) protocol for earning interest on digital asset deposits while also being able to borrow assets, have announced that they’re introducing Centrifuge – which aims to bring real-world asset markets to the Aave protocol. Isa… Read More

October 7, 2020 @ 8:28 pm By JD Alois  |  

Yieldstreet, a crowdfunding platform for accredited investors, has won a significant victory in the British High Court pertaining to allegations of fraud associated with loans issued via the platform. Yieldstreet called the decision a “huge win for our investors” as it appeared to vindicate, in… Read More

October 7, 2020 @ 6:22 pm By Omar Faridi  |  

Blockchain-powered apps are designed to be more open and transparent than their traditional versions. According to Coinbase, this can be beneficial because individuals and organizations are able to inspect these projects and can also confirm that everything is working as it should. However, it’s also… Read More

October 7, 2020 @ 2:37 pm By Samantha Hurst  |  

  Less than two years after securing more than £1.5 million through its previous crowdfunding campaign on Seedrs, renewable investment platform Abundance has returned to the funding portal and quickly surpassed its £350,000 funding target and is now nearing £535,000.  As previously reported, Abundance launched… Read More

October 7, 2020 @ 12:14 pm By Samantha Hurst  |  

  Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing… Read More

October 7, 2020 @ 8:01 am By JD Alois  |  

Closing an Important Chapter LendingClub (NYSE:LC), the leading marketplace lender in the US, has filed an 8-K with the Securities and Exchange Commission stating it will cease offering Retail Notes as of the end of 2020. In an email distributed to LendingClub retail investors, the… Read More

October 7, 2020 @ 7:13 am By JD Alois  |  

Assetz Capital, a peer to peer lenders, says it has completed its securities offering on Seedrs that was matched by Future Fund money. In total, Assetz Capital raised £1.5 million with half of that amount coming from retail investors. The Future Fund is used for… Read More