Investment Platforms and Marketplaces

September 9, 2020 @ 1:43 pm By JD Alois  |  

Crowdfunding platform YieldStreet has been hit with a filing for class action against the investment platform according to a release distributed by several law firms. YieldStreet caters to sophisticated, accredited investors offering alternative investments such as property, art or marine assets. According to the note,… Read More

September 9, 2020 @ 8:06 am By Omar Faridi  |  

Cryptocurrency adoption has been growing steadily across the globe, according to Chainalysis’ Global Crypto Adoption Index. As mentioned in a report from the blockchain security firm, the majority of cryptocurrency volume reflects trading and speculation that was conducted by professional or institutional investors that were… Read More

September 8, 2020 @ 6:36 pm By JD Alois  |  

Fvndit, Inc. (pronounced “fundit”), a California/Vietnam-based Fintech has received a $30 million investment of debt financing led by Accial Capital and Variant Investments. Fvndit operates a wholly-owned subsidiary, eLoan, JSC, an online peer-to-peer marketplace in Vietnam. Fvndit reports that SMEs account for 41% of Vietnam’s… Read More

September 8, 2020 @ 1:31 pm 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) and small banks dropped slightly in August 2020, an indication that the upward trend… Read More

September 8, 2020 @ 12:00 pm By Omar Faridi  |  

Plenti, a consumer lending platform (previously known as RateSetter Australia), has announced that it will carry out an initial public offering (IPO), in order to secure AUD 55 million in capital. Plenti’s management noted that they’ll offer 33.1 million shares at the rate of $1.66… Read More

September 7, 2020 @ 11:16 pm By Omar Faridi  |  

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

September 7, 2020 @ 10:45 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 Bounce Back Loan Scheme (BBLS) will be ending in early November of this year. The BBLS has been provided via the British Business Bank… Read More

September 7, 2020 @ 1:25 pm By Omar Faridi  |  

RateSetter, a leading UK based peer to peer (P2P) lender that was recently acquired by Metro Bank, has confirmed that it won the award for “Best Loan Provider” for loans of £2,500 or more at the Consumer Credit Awards for 2020. The Consumer Credit Awards… Read More

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

September 7, 2020 @ 10:25 am By Omar Faridi  |  

The Bitcoin Mercantile Exchange (BitMEX), a leading cryptocurrency derivatives trading platform, will be offering four new altcoin/USDT underlying “quanto” futures contracts for EOS, Chainlink (LINK), Tezos (XTZ), and Cardano (ADA). These new contracts are being introduced in order to expand the exchange’s existing altcoin (or… Read More

September 7, 2020 @ 9:43 am By Omar Faridi  |  

Huobi Global, a leading digital asset company, will be launching a decentralized finance (DeFi) mining campaign with Phase I, which will involve staking Huobi Token (HT) and the Huobi Pool Token (HPT). Huobi noted that users may stake tokens so that they can share mining… Read More

September 6, 2020 @ 7:44 pm By Omar Faridi  |  

October, a leading European online lender, confirms that State guaranteed loans were recently introduced in France by the nation’s government in order to help businesses during the COVID-19 pandemic, as they might be struggling to maintain operations. October explains that the French government aims to… Read More

September 6, 2020 @ 6:42 pm By Omar Faridi  |  

UK-based Zopa, a digital bank and online lender, has reportedly started accepting credit card applications, as it continues to expand its line of products and services. The company is offering a credit card with annual percentage rates starting from 9.9%, however, there’s a representative APR… Read More

September 6, 2020 @ 5:00 pm By Omar Faridi  |  

Online peer to peer (P2P) lender Robo.cash is reportedly getting ready to conduct its initial public offering (IPO) in Australia in December of this year. Robocash Group, which is the parent company of Europe based P2P lender Robo.cash, will be the next Fintech service provider… Read More

September 6, 2020 @ 2:07 pm By Omar Faridi  |  

Changpeng Zhao or “CZ”, the CEO at Binance, the world’s largest digital asset exchange, has admitted that the trading platform must list new coins, regardless of whether it’s completely sure of the legitimacy of their business model, in order to remain competitive. Zhao noted: “If… Read More

September 5, 2020 @ 2:05 pm By Omar Faridi  |  

Digital asset exchange OKEx, which offers both cryptocurrency spot and derivatives trading, has listed 24 decentralized finance (DeFi) tokens in just the past month – which seriously calls into question the company’s business policies given the large number of scams in DeFi space. However, OKEx… Read More

September 5, 2020 @ 2:03 pm By Omar Faridi  |  

The Liquidations System of the Maker Protocol, which supports a leading Ethereum (ETH) based lending system, is a key element that has been developed to ensure that the stablecoin Dai generated in Maker Vaults “remains adequately collateralized.” The Maker Protocol is central or key to… Read More

September 4, 2020 @ 8:33 pm By Omar Faridi  |  

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

September 4, 2020 @ 7:05 pm By Omar Faridi  |  

On September 4, 2020, Coinbase Pro users will be able to transfer UMA cryptocurrency tokens into their accounts ahead of scheduled trading. Support for the UMA digital currency will be available in all of the digital asset exchange’s supported jurisdictions, however, New York State residents… Read More

September 3, 2020 @ 10:07 pm By Omar Faridi  |  

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More