Investment Platforms and Marketplaces

February 29, 2020 @ 5:56 pm By Omar Faridi  |  

Over two thousand firms have reportedly either tested or used facial recognition software solutions created by Clearview AI. The list of firms notably includes San Francisco-based crypto exchange Coinbase. BuzzFeed went through Clearview’s internal company documents and released its findings on February 28. The report… Read More

February 29, 2020 @ 11:51 am By JD Alois  |  

In a post on LinkedIn, Invesdor founder Lasse Mäkelä has announced the platform he launched has identified a new CEO. Mäkelä did not identify the name of the new executive. He stated: “As many of you also know, Invesdor has been in search of a… Read More

February 29, 2020 @ 10:49 am By JD Alois  |  

Harmoney a leading online lender operating in New Zealand is winding down its peer to peer lending business. This means retail investors will no longer be able to invest in loans originated on the platform. The news was revealed earlier this month in a blog… Read More

February 28, 2020 @ 11:58 pm By Samantha Hurst  |  

Omniex, an institutionally focused investment and trading platform for digital assets, announced this week it received an investment, as well as formed a strategic partnership with Swiss infrastructure and exchange platform, SIX – the operator of the Swiss Exchange, the principal stock exchange based in… Read More

February 28, 2020 @ 10:39 am By JD Alois  |  

Recently, Seedrs received a nice recognition of sorts. A report by Beahurst crowned Seedrs as the UK’s Most Active Investor for 2019. In the past, Crowdcube has regularly received the title but during 2019, Seedrs booked 215 deals while Crowdcube came in at 191. As… Read More

February 28, 2020 @ 7:18 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has teamed up with Shyft Network, the developer of a public blockchain protocol, in order to ensure that it is complying with updated Financial Action Task Force (FATF) financial market regulations. The Shyft Network was developed to offer a decentralized… Read More

February 27, 2020 @ 4:30 pm By JD Alois  |  

Bank replacement platform Honeycomb Credit has distributed an update on platform progress during 2019. Based in Pittsburgh, Honeycomb Credit is a FINRA approved crowdfunding portal offering securities under Reg CF. Honeycomb typically matches investors with small businesses in need of debt capital somewhat similar to… Read More

February 27, 2020 @ 2:10 pm By JD Alois  |  

Prodigy Network, once a high-flying real estate crowdfunding platform, is now struggling as it appears to be in dire need of cash. According to a report in the Deal, Prodigy Network has told investors it is in need of $40 million to keep a property… Read More

February 27, 2020 @ 10:46 am By JD Alois  |  

Leading global crowdfunding platform OurCrowd will be participating in the forthcoming AIPAC Policy Conference highlighting the robust tech ecosystem in Israel. Since platform launch, OurCrowd has had over $1.4 billion in committed capital. Much of this money comes from smaller, individual investors but a growing… Read More

February 26, 2020 @ 10:26 pm By Omar Faridi  |  

Unified Payments Interface (UPI), which is an instant and real-time payment system created by India’s National Payments Corporation for handling inter-bank transfers, is the most widely-used  loan repayment method, with 50% of such transactions using UPI.  ECS payments, which handle bulk transfer of funds from… Read More

February 26, 2020 @ 4:24 pm By JD Alois  |  

LendingClub (NYSE: LC), a marketplace lending platform and aspiring digital bank, has appointed Annie Armstrong as the company’s Chief Risk Officer (CRO). Simultaneously, LendingClub announced that the current CRO, Tim Bogan will take on a new role as Chief Banking Integration Officer to focus on… Read More

February 26, 2020 @ 1:36 pm By JD Alois  |  

StartEngine, one of the leading investment crowdfunding platforms in the US, has raised $6.4 million in a Reg A+ self-crowdfunding round with 2 weeks left to go. As of today, 5,440 investors have participated in the offering that values the platform at almost $120 million…. Read More

February 26, 2020 @ 10:17 am By JD Alois  |  

Trality, an Austrian Fintech startup, has announced a government grant supporting the company as it launches its crypto trading platform. According to Trality, the company has received a 6 figure grant from the Austrian Research Promotion Agency (FFG) and the Vienna Business Agency. Trality has introduced… Read More

February 26, 2020 @ 8:21 am By JD Alois  |  

Following a well-received presentation at the OurCrowd Global Investor Summit held earlier this month, Jason Greenblatt, a former advisor to President Donald Trump, is joining the crowdfunding platform as a Partner building ties in the Middle East region. Greenblatt was previously an Assistant to the… Read More

February 26, 2020 @ 7:29 am By JD Alois  |  

Robo.cash, a peer to peer lender and part of the Robocash Group, is reporting a rapid increase in the percentage of P2P loans financed by Singapore based investors. According to a release, in just 2 months €2.1 million of loans or a 5th of the… Read More

February 25, 2020 @ 10:22 pm By JD Alois  |  

Kapilendo is a Germany based Fintech that started life as a more traditional debt-based crowdfunding platform but has recently issued its first digital security. While moving into the blockchain sector Kapilendo has also added digital banking services catering to SMEs. Launched in 2015, Kapilendo went… Read More

February 25, 2020 @ 1:30 pm By Samantha Hurst  |  

Lendified, a Canadian online lending platform, is cross-listing a securities offering on crowdfunding platform FrontFundr and DealSquare.  Peter-Paul Van Hoeken, founder and CEO of Silver Maple Ventures, labeled the offering a “ground-breaking development for the private markets.” DealSquare is a new platform created by NEO… Read More

February 25, 2020 @ 11:30 am By Omar Faridi  |  

Berlin-headquartered Raisin, a cross-border savings and investment marketplace, has confirmed the strategic placement of more than €20 billion with banks based in 25 different countries. Raisin’s management noted that it’s currently managing an investment volume of more than €500 million.  Raisin also announced that it… Read More

February 25, 2020 @ 9:58 am By JD Alois  |  

Interested in generating returns of 20% to 30% per year? Axiafunder may be for you.  The digital platform that crowdfunds high-quality litigation lawsuits claims to be able to provide outsized, non-correlated returns for investors. Current investment opportunities listed on the platform include cases alleging commercial… Read More

February 25, 2020 @ 7:28 am By Omar Faridi  |  

San Francisco-based crypto-asset exchange Coinbase claims that EOS, one of the largest blockchain platforms for building decentralized applications (dApps), is experiencing serious technical issues. Coinbase’s management released a status update on February 20, noting that the EOS network has “degraded performance.” It added that  “sends… Read More