Investment Platforms and Marketplaces

October 6, 2020 @ 10:23 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles… Read More

October 5, 2020 @ 10:45 pm By Omar Faridi  |  

Binance, the world’s largest digital asset exchange, has confirmed that it’s been a month since it launched Binance Liquid Swap. The exchange also revealed that the platform is now hosting over $128 million worth of stablecoins, as of October 3, 2020. The Binance team further… Read More

October 5, 2020 @ 6:00 pm By JD Alois  |  

Last week, BitMEX (Bitcoin Mercantile Exchange), a top crypto/crypto-derivatives exchange that is operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity, was hit with a civil enforcement action emanating from the Commodity Futures Trading Future Commission (CFTC). Simultaneously, a criminal lawsuit by… Read More

October 5, 2020 @ 3:35 pm By JD Alois  |  

  The United Kingdom Crowdfunding Association (UKCFA), the leading industry voice in the UK for online capital formation, has commented on the merger announced today between Seedrs and Crowdcube. The two trailblazers in the Fintech sector of online capital formation have dominated the UK crowdfunding… Read More

October 5, 2020 @ 8:14 am By JD Alois  |  

Crowdcube and Seedrs, the two dominant crowdfunding platforms in the UK, have put aside any competitive friction and agreed to merge the two platforms subject to regulatory and shareholder approval. The merger will combine the two dominant private investment platforms in the UK while creating… Read More

October 4, 2020 @ 11:50 am By Omar Faridi  |  

Propy, the US-Bulgarian blockchain-based platform for conducting real estate transactions, has reportedly received an investment from Tim Draper, the legendary venture capitalist who has launched and supported many successful businesses during his extensive career. Propy, which had conducted an initial coin offering (ICO) to raise… Read More

October 2, 2020 @ 2:19 pm By Samantha Hurst  |  

LendInvest a UK-based marketplace for property financing, announced earlier this week it has introduced updates to its Buy-to-Let product range; including raising its LTV and maximum loan limits, and broadening its lending criteria to include first-time landlords and student lets. LendInvest reported it is now… Read More

October 2, 2020 @ 1:31 pm By Omar Faridi  |  

US-based crypto exchange Coinbase will be allowing Coinbase Pro users to trade Balancer (BAL) and Ren (REN) tokens. The exchange confirmed: “Today October 1, 2020, transfer BAL and REN into your Coinbase Pro account ahead of trading. Support for BAL and REN will be available… Read More

October 1, 2020 @ 8:50 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai has noted that following the events of the recent KuCoin exchange hack this past weekend (which led to around $280 million in crypto tokens being stolen, a lot higher than the previous $150 million estimate), they’re now watching developments… Read More

October 1, 2020 @ 2:11 pm By JD Alois  |  

Talos has announced the public launch of its platform that connects prime brokers, exchanges, OTC desks, lenders, and custodians in the digital asset sector. The Talos platform, which is said to have been live for the last year, offers a suite of solutions that supports… Read More

October 1, 2020 @ 12:17 pm By JD Alois  |  

BitMEX, a top cryptocurrency exchange that is big in the crypto derivatives sector, is the target of an enforcement action filed by the Commodity Futures Trading Commission (CFTC). According to the CFTC, a civil enforcement action has been filed in the U.S. District Court for… Read More

October 1, 2020 @ 12:01 pm By JD Alois  |  

Common Owner is the newest FINRA regulated funding portal, according to a note from the crowdfunding platform. Common Owner says that after a long vetting process, they were recently approved to offer securities under Reg CF [Regulation Crowdfunding]. Common Owner joins more than 50 funding… Read More

October 1, 2020 @ 9:54 am By Omar Faridi  |  

Triterras, a blockchain-based Fintech solution provider for trade finance, has released its financial results for the past six months (ending on August 31, 2020). Triterras generated $23.7 million in revenue during this time period. The company reported a net income of $14.2 million and its… Read More

October 1, 2020 @ 8:30 am By JD Alois  |  

StartEngine is a leading investment crowdfunding platform in the US. Last August, StartEngine announced that it had topped $200 million in funding having only surpassed $100 million in July of 2019 – after having launched in 2015. During 2019, StartEngine raised about $44 million –… Read More

October 1, 2020 @ 7:44 am By Omar Faridi  |  

David Goldin, CEO and founder at Capify, a small business lender backed by Goldman Sachs (NYSE:GS), believes that the demand for new loans will rise again after the Australian government announced changes to lending laws and requirements. Capify confirmed that it will start issuing more… Read More

September 30, 2020 @ 7:40 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has introduced Cosmos (ATOM) staking rewards. The leading digital currency trading platform announced on September 29, 2020 that it will be allowing certain eligible customers to “easily start earning 5% APY” on their Cosmos (ATOM) held on Coinbase. The Coinbase… Read More

September 30, 2020 @ 10:22 am By JD Alois  |  

ZUBR, a digital asset derivatives exchange, says more regulation is vital for institutional buy-in of Bitcoin derivatives. Launched in March (2020), ZUBR has received an in-principal approval for its DLT Provider licence in Gibraltar. ZUBR says it analyzed regulated exchanges such as CME and Bakkt,… Read More

September 30, 2020 @ 8:01 am By JD Alois  |  

Funding Circle (LSE:FCH) founder and CEO Samir Desai has purchased 163,017 shares in his company at an average per-share price of £0.6201696 according to a filing with the London Stock Exchange (LSE). Funding Circle went public in 2018 at a price per share of 440… Read More

September 30, 2020 @ 7:21 am By JD Alois  |  

October, a top European online lender, has raised €258 million to lend to European SMEs, according to a note from the company. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. “These investors were all attracted… Read More

September 29, 2020 @ 10:03 pm By JD Alois  |  

EstateGuru, a European marketplace for property-backed loans, has announced an expansion into Finland beginning in October. EstateGuru is based in Tallinn, Estonia, but currently operates in multiple European countries including Latvia Lithuania, Germany, UK, Spain, and Portugal. Established in 2013, EstateGuru has originated loans for… Read More