Investment Platforms and Marketplaces

October 12, 2019 @ 5:21 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) has filed a notice regarding Box Exchange, a partner of tZero, pertaining to the launch of the Boston Securities and Token Exchange (BSTX) which is seeking regulatory approval to offer publicly traded security tokens. tZero is a subsidiary of… Read More

October 11, 2019 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an emergency action and obtained a temporary restraining order against Telegram. The SEC targeted two offshore entities conducting an alleged unregistered, ongoing digital token offering in the U.S. and overseas that has raised more than $1.7 billion… Read More

October 11, 2019 @ 7:08 am By JD Alois  |  

Swiss crowdfunding platform Bloomio has received a CHF 800,000 capital injection from three existing shareholders according to a company release. The blockchain-based marketplace called that added capital a big step forward as the company plans for a forthcoming Series A funding round. Capital invested to… Read More

October 11, 2019 @ 2:12 am By JD Alois  |  

Smartlands, “a digital platform for crowdfunding investments via the issuance of digital shares in the form of security tokens,” has signed a “Cooperative Agreement with IIP Securities – a US-based broker-dealer, according to a company release. Smartlands states that the agreement will enable it to… Read More

October 11, 2019 @ 2:00 am By Cali Haan  |  

The Bank for International Settlements (BIS), popularly known as the “central bank of central banks,” will be engaging in two projects at the BIS’s newly-established Innovation Hub in Switzerland, one of which involves, “examin(ing) the integration of digital central bank money into a distributed ledger technology… Read More

October 10, 2019 @ 9:52 pm By Samantha Hurst  |  

RiverNorth Marketplace Lending Corporation, an established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced on Thursday the final results of its repurchase offer for up to 5%, or 349,075 of its outstanding common shares. RiverNorth reported that… Read More

October 10, 2019 @ 4:58 pm By JD Alois  |  

OpenFinance, an Alternative Trading System (ATS), will be listing Current Media’s security token ($CRNC) on its secondary marketplace. According to a release, beginning at some point in Q4 $CRNC will commence trading. This will be the first media focused security token as well as the… Read More

October 10, 2019 @ 10:23 am By JD Alois  |  

The UK’s largest investment crowdfunding platform Crowdcube has shared their top-line results for Q3. According to the platform, Crowdcube has achieved record revenue. Revenue is up 38%, reaching £2.2 million, totaling £58.7 million of pledged investment. During the quarter, a record ​62,000 in pledged investments… Read More

October 10, 2019 @ 9:00 am By JD Alois  |  

LendingClub (NYSE: LC), the leading marketplace for loans in the US, has launched a “first of its kind” online marketplace designed to connect institutional investors to loans called LCX. The new marketplace provides same-day settlement of fully funded loans. LendingClub said in a release that… Read More

October 10, 2019 @ 8:58 am By JD Alois  |  

Peer to peer lender RateSetter has reported that for the year March 2019 losses have dropped from £27.5 million in the previous year to £4.2 million. The company claims it has taken a “big step towards profitability. Topline revenue was reported at £33 million with… Read More

October 10, 2019 @ 8:28 am By JD Alois  |  

FundedByMe Poland is reporting a securities offering that closed almost immediately. Iron Wolf Studio raised over €350,000 from more than 60 investors “within minutes” of the offering going live. Iron Wolf Studio is a gaming company comprised of veteran devs and designers from Iron Wolf… Read More

October 9, 2019 @ 5:25 pm By JD Alois  |  

Seedrs, a leading UK based crowdfunding platform, has launched its anticipated investment crowdfunding campaign. The offering, now open to all investors, is part of a larger £4.5 million funding round backed by institutions. Seedrs, the first approved crowdfunding platform to launch in the UK, has… Read More

October 9, 2019 @ 10:44 am By JD Alois  |  

Crowdfunding platform Fellow Finance has opened its doors to businesses in need of debt capital in Sweden, according to a note from the company. As of today, SMEs in Sweden may now apply for crowdfunding on the Fellow Finance platform. The company will offer business… Read More

October 9, 2019 @ 9:34 am By JD Alois  |  

SubverseNews, a company that raised capital on Wefunder, raised $1 million in just 22 hours, according to a release. According to the offering page, 3679 investors backed the company. The digital news service launched on July 31, 2019 and hit $1.3 million in 24 hours… Read More

October 9, 2019 @ 8:46 am By JD Alois  |  

Huge German real estate developer, Bauwens Group, has invested in security token issuance platform Fundament Group ostensibly with the intent of issuing digital assets backed by real estate. Details on the investment were not disclosed. Bauwans Group has an estimated €6.7 billion in managed project… Read More

October 8, 2019 @ 8:00 pm By Cali Haan  |  

Jennifer Robertson, widow of deceased QuadrigaCX founder Gerald Cotten, has disclosed that she will be turning over the “vast majority” of her assets to the Quadriga estate so they may be used to partially compensate users who lost funds when Quadriga collapsed. In a letter… Read More

October 8, 2019 @ 2:29 pm By Samantha Hurst  |  

Kiva, a crowdfunding platform dedicated to connecting people through lending, announced on Monday it has deployed $1 billion in loans to female entrepreneurs around the globe. Kiva reported that its goal is to create a more connected and inclusive financial system that empowers all individuals… Read More

October 8, 2019 @ 10:56 am By JD Alois  |  

Republic, a mission-driven investment crowdfunding and tokenization platform, is out with a note that five startups have hit $1 million in funding since the launch of their Note token program. “This is an important milestone in Republic’s history,” commented Shrina Kurani, Vice President of Business… Read More

October 8, 2019 @ 9:53 am By Samantha Hurst  |  

Peer to peer lender Beehive announced on Tuesday it has facilitated funding for its first SME in Bahrain. According to the online lending platform, the SME, Bahrain-based Mira Packaging Factory, manufactures disposable paper cups and other food packaging solutions to the GCC and African F&B industry.  “Since… Read More

October 8, 2019 @ 9:07 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Tuesday it has formed a partnership with goeasy Ltd. (TSX:GSY)  to provide Canadians with personal loans up to $15,000 with terms of up to 5 years, all available quickly and conveniently from a mobile device using the Mogo app. According… Read More