Investment Platforms and Marketplaces

May 11, 2020 @ 2:48 pm By JD Alois  |  

Fitch Ratings is out with a note on the impact of COVID-19 and US marketplace loan portfolios. According to Fitch, the Coronavirus and affiliated rise in unemployment will lead to “significant performance degradation in U.S. Marketplace Loan (MPL) portfolios.” Even more grim is that Fitch… Read More

May 7, 2020 @ 8:14 pm By JD Alois  |  

OurCrowd has invested in Hub Security, a startup that offers military-grade cybersecurity solutions for Fintech, cloud, blockchain, and data storage in general, in a $5 million Series A funding round led by AXA Ventures. Details of the investment were not announced. Moshe Raines, Partner at… Read More

May 7, 2020 @ 11:34 am By JD Alois  |  

Last month, PeerStreet pushed pause on all loan funding as the COVID-19 pandemic hit the real estate crowdfunding platform. PeerStreet is not alone in looking for ways to better manage the fast-changing economic environment as the economy went from boom to bust in weeks –… Read More

May 7, 2020 @ 9:01 am By JD Alois  |  

The “Tokenise Stock Exchange“ has announced the launch of its new website and the registration of investors. The digital asset exchange says it expects to be up and trading digital securities shortly. While operating out of London, the Tokenise Stock Exchange is licensed in Barbados… Read More

May 6, 2020 @ 1:08 pm By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, is now seeking to raise €1 million through its equity crowdfunding campaign on Seedrs. The launch of Lendahand’s Seedrs round comes nearly four years after the platform raised $465,768 through its second round of funding on… Read More

May 6, 2020 @ 10:28 am By Omar Faridi  |  

Ray Youssef, CEO and co-founder at Paxful, a leading peer to peer (P2P) Bitcoin (BTC) marketplace, recently shared his views and insights with Crowdfund Insider. Paxful says it’s on a mission to support “social justice through financial freedom worldwide.” The company offers a platform with… Read More

May 6, 2020 @ 10:12 am By JD Alois  |  

  Peer to peer lender Twino has announced a new social investment instrument engendered by the COVID-19 pandemic. The Riga based Fintech said the first social project will be in collaboration with Latvia’s Children’s Clinical University Hospital (CCUH), to facilitate convenient and safe remote consultations for… Read More

May 6, 2020 @ 8:20 am By JD Alois  |  

CoinSwitch, an aggregator of cryptocurrency exchanges, has announced the launch of a dedicated cryptocurrency exchange for India. The announcement follows recent changes in India that enabled crypto exchanges to have relationships with banks. India is, of course, a huge market with profound potential for growth…. Read More

May 5, 2020 @ 10:58 pm By JD Alois  |  

Yesterday, Crowdfund Insider reported on the Securities and Exchange Commission announcing “temporary final rule” streamlining Reg CF (or Regulation Crowdfunding).  In announcing the rule change, SEC Chairman Jay Clayton explained that the action responds to feedback the SEC has received from the Small Business Capital… Read More

May 5, 2020 @ 5:07 pm By JD Alois  |  

Digital asset lending platform BlockFi is recruiting more old finance veterans with the appointment of Wittney Rachlin as Chief Growth Officer and David Olsson as Global Managing Director of European and Asian markets. Zac Prince, CEO and co-founder of BlockFi, said crypto financial services are maturing… Read More

May 5, 2020 @ 4:44 pm By JD Alois  |  

LendingClub (NYSE: LC) is out with its first-quarter earnings report and the numbers are indicative of the problematic economy that has been crushed by the Coronavirus pandemic. LendingClub, the leading marketplace lender in the US, delivered numbers that showed a significant decline versus the same… Read More

May 5, 2020 @ 12:48 pm By JD Alois  |  

EstateGuru, an online marketplace for loans secured by property, has quickly topped its minimum crowdfunding hurdle on Seedrs. EstateGuru set a minimum raise of €350,000 but as of today, the Fintech has raised over €483,000 from 548 individual investors. EstateGuru is hoping to raise €2… Read More

May 5, 2020 @ 11:42 am By JD Alois  |  

  Mintos, a top marketplace for debt investors in Europe, has recently conducted research amongst their audience seeking to gain insight into the impact of the COVID-19 pandemic. According to Mintos, the majority of crowdlending investors (65%) remain optimistic even in light of the ongoing… Read More

May 5, 2020 @ 11:18 am By Samantha Hurst  |  

SpotOn Transact, Inc (SpotOn), a software and payments company, announced on Tuesday it has formed a new partnership with fintech unicorn SoFi to provide financial products to small businesses during the COVID-19 pandemic. According to SpotOn, the collaboration will help small businesses by bypassing the… Read More

May 4, 2020 @ 10:10 pm By Samantha Hurst  |  

  BuildHer, a UK-based crowdfunding platform for women of black origin, has officially launched its service. Founded in 2018, BuildHer claims it equips disadvantaged young women in Kenya with accredited construction skills, leading to greater financial prosperity, changing male attitudes, and promoting gender equality within… Read More

May 4, 2020 @ 4:50 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Monday its funding affiliate was approved as a lender for the SBA Paycheck Protection Program (PPP) established under the recently-enacted CARES Act. Biz2Credit reported that this makes it one of the few fintechs that has been approved by… Read More

May 4, 2020 @ 12:15 pm By JD Alois  |  

OurCrowd portfolio company Kryon has announced a solution in collaboration with the Information Systems and Digital Division at Clalit Health Services, the largest health service organization in Israel. Kryon’s solution automates a critical process of uploading COVID-19 test results. In Israel, each lab is performing… Read More

May 4, 2020 @ 9:51 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter announced on Monday it is making changes to its provision fund as well as reducing interest rates. This course of action was caused by the COVID-19 pandemic. According to RateSetter, investors will receive only 50% of their interest with the other… Read More

May 3, 2020 @ 5:50 pm By Omar Faridi  |  

CoinList, a platform for digital asset firms to conduct their crypto token sales, has announced the launch of CoinList Seed, which is an online or virtual demo day for early-stage blockchain companies that helps them network with the global investor community available on the CoinList… Read More

May 2, 2020 @ 2:31 pm By JD Alois  |  

Earlier today the Irish government outlined additional plans to help support the economy during the COVID-19 pandemic. During a special Cabinet meeting, a series of measures to further support small, medium, and larger businesses were revealed. The new initiatives included: a €10,000 restart grant for… Read More