Investment Platforms and Marketplaces

June 15, 2020 @ 10:37 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank is reportedly in advanced talks to purchase p2p lending platform Ratesetter. According to Sky News, the duo has entered into exclusive discussions about the acquisition. Founded in 2010, RateSetter states it offers a “simple and accessible way” to… Read More

June 15, 2020 @ 8:59 am By JD Alois  |  

EstateGuru, a peer to peer lending platform that offers secured loans to SMEs, has appointed Gabriella Kindert to its Supervisory Board as an independent member. The move is described as being in line with the Fintech’s expansion strategy as the company strives to become the… Read More

June 14, 2020 @ 5:58 pm By Omar Faridi  |  

The COVID-19 crisis has negatively impacted almost every business sector, globally. The world’s peer to peer (P2P) lending market has also taken a hit, as funding volumes reported in March and April have been significantly lower than previous months. However, analysts at online lender Robo.cash… Read More

June 12, 2020 @ 2:37 pm By Omar Faridi  |  

The Kava’s decentralized finance (DeFi) lending platform went live on June 10, 2020.  It features Binance Coin (BNB) collateral, USDX loans, and allows network participants to earn rewards. The Kava Labs team noted: “With this … launch, Kava [aims to] open the doors of DeFi… Read More

June 12, 2020 @ 12:27 pm By Samantha Hurst  |  

Online lending platform Lendio announced on Friday it will partner with financial institutions across the U.S. to power the forgiveness application process for Paycheck Protection Program (PPP) loans.  As previously reported, the PPP is part of the $2 trillion CARES Act signed on March 27,… Read More

June 12, 2020 @ 11:26 am By JD Alois  |  

Honeycomb Credit, a bank replacement platform that issues securities under Reg CF, says that many people do not associate Cleveland with healthy food but the loan platform currently lists five Northern Ohio businesses raising capital online. The five following Cleveland businesses are each seeking investment… Read More

June 12, 2020 @ 1:14 am By JD Alois  |  

OurCrowd, a global leader in online capital formation for early-stage ventures, has scheduled the OurCrowd Pandemic Innovation Conference on June 22nd. The virtual event will cover the latest tech solutions pertaining to the Coronavirus including vaccinations, treatments, prevention, and more. The virtual event will also… Read More

June 11, 2020 @ 11:45 pm By Omar Faridi  |  

The Fintech sector in Indonesia is reportedly struggling due to potentially risky loans as lenders on local peer to peer (P2P) lending marketplaces rejected over half of loan restructuring requests from debtors. This, according to a recent survey which revealed that Indonesia’s residents and businesses… Read More

June 11, 2020 @ 9:57 pm By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, is set to close its equity crowdfunding campaign on Seedrs with more than €1.1 million secured from over 620 Seedrs investors. As previously reported, Lendahand describes itself as a for-profit company that is on a mission to… Read More

June 11, 2020 @ 6:52 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase says it will continue to explore and consider adding support for new digital assets. The exchange says it aims to offer support for all crypto-assets that meet its technical requirements and standards and which also adhere to applicable laws. The… Read More

June 10, 2020 @ 8:22 pm By JD Alois  |  

Peer to peer lenders, Envestio and Kuetzal, have both filed for bankruptcy according to publicly available information. Last January, Crowdfund Insider reported that Envestio and Keutzal were both under duress with some observers calling the online lenders scams. Soon both peer to peer lenders had… Read More

June 10, 2020 @ 3:28 pm By JD Alois  |  

Coinsquare, a Canadian crypto exchange, has responded to the reports regarding a “hack” and data breach that apparently revealed data of 50,000 users. As the story goes, Coinsquare was approached by a reporter at Vice that claimed to have seen a sample of the stolen… Read More

June 10, 2020 @ 11:07 am By Omar Faridi  |  

  The ETC Group, a company established by experienced financial services professionals, announced on June 9, 2020 that they will be listing the world’s first “centrally cleared” Bitcoin ETC, BTCetc Bitcoin Exchange Traded Crypto – (BTCE) on Deutsche Börse’s XETRA platform. As noted in a… Read More

June 10, 2020 @ 9:11 am By JD Alois  |  

Digital asset exchange CrossTower has been selected to join the Crypto Rating Council (CRC) as its newest member. “We are honored to have been selected to join the CRC and look forward to increasing visibility, promoting standards, and contributing to the safe and orderly growth… Read More

June 10, 2020 @ 9:05 am By JD Alois  |  

  LexShares, a litigation funding platform, has announced the launch of Marketplace Fund II (LMFII). Investors may now participate in the $100 million fund that benefits from successful/resolved lawsuits. LexShares notes that LMFII opens following the company’s 100th legal claim investment. Prior to the public… Read More

June 10, 2020 @ 7:24 am By JD Alois  |  

Seedrs, a leading UK based investment crowdfunding platform, has experienced five company exits since January. Meanwhile, platform investment has grown by 49% during 2019 – even during the midst of a global pandemic. Seedrs states that each exit has generated positive returns for investors. Seedrs’… Read More

June 9, 2020 @ 11:30 pm By Omar Faridi  |  

Centralized digital asset exchanges such as CoinDCX and WazirX in India have been aggressively marketing their services to the nation’s residents, after the Supreme Court of India struck down the Reserve Bank of India’s (RBI) blanket ban on crypto-asset businesses in March 2020. Peer to… Read More

June 9, 2020 @ 4:02 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has approved more than $4.7 billion in loans to small businesses across the U.S. through both rounds of the Small Business Administration’s (SBA) Paycheck Protection Program… Read More

June 9, 2020 @ 3:06 pm By JD Alois  |  

  Matrix Exchange Ltd., based in Abu Dhabi, has received a license to operate a “global virtual asset MTF and custody service.” The license is known as a “Financial Services Permission” (FSP), that allows holders to operate a regulated virtual asset Multilateral Trading Facility (MTF)… Read More

June 9, 2020 @ 12:35 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday the release of its latest Small Business Lending Index, which revealed that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May…. Read More