Investment Platforms and Marketplaces

August 16, 2019 @ 8:55 am By JD Alois  |  

Marketplace lending company Funding Circle (LSE:FCH) is out with a release announcing the platform has now lent over $10 billion since launch in 2010. Funding Circle operates in the UK, Germany, the Netherlands and the US. The London based company is the first peer to… Read More

August 15, 2019 @ 6:09 pm By JD Alois  |  

Adam Carolla, a comedian/actor etc., visited the studios of CNBC earlier this month to talk about a securities crowdfunding offering which recently closed on Microventures. Carolla has bounced around the rewards space a bit raising funds on Indiegogo and the now-defunct FundAnything site. While on… Read More

August 15, 2019 @ 12:45 pm By JD Alois  |  

SMBX, a regulated Reg CF crowdfunding platform, has had its App approved by Apple. If you are curious, you may download it here. SMBX is a debt focused crowdfunding platform where small businesses may seek financing from a bank alternative. As most people know, small… Read More

August 15, 2019 @ 10:44 am By JD Alois  |  

Mintos, an online marketplace that aggregates 65 lending companies, is reporting having topped €3 billion in loans financed. The €2 billion hurdle was surpassed in April thus it appears that Mintos is experiencing increasing velocity. Mintos reports that it currently services over 170,000 investors globally…. Read More

August 15, 2019 @ 7:23 am By JD Alois  |  

Lendingblock, a platform that enables fully collateralized crypto vs crypto lending agreements, has received a Distributed Ledger Technology (DLT) provider license from the Gibraltar Financial Services Commission (GFSC). Lendingblock received an in-principle DLT license in late 2018. By providing collateralized borrowing and lending, Lendingblock can… Read More

August 14, 2019 @ 3:19 pm By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a China-based peer to peer lending platform providing access to capital for SMEs, has become the target of a local government attempt to shut down P2P lenders. According to a note from Fincera, the Hebei provincial government, where Fincera is based,… Read More

August 14, 2019 @ 1:06 pm By JD Alois  |  

Last week, online lender Funding Circle (LSE:FCH) released its 6-month report and the shares have responded positively to the numbers. Six-month Revenue was reported at £81.4 million versus H1 2018 at £63.0 million – up 29%. Loans under management rose 37% to £3.54 billion and… Read More

August 14, 2019 @ 11:46 am By JD Alois  |  

StartEngine, one of the larger securities crowdfunding platforms in the US, has received an Alternative Trading System license (ATS). StartEngine has long shared its intent to pursue an ATS license as it seeks to provide a liquidity path for crowdfunded securities. Crowdfund Insider reported last… Read More

August 14, 2019 @ 11:00 am By JD Alois  |  

Earlier this month, leading UK investment crowdfunding platform Crowdcube rebranded after multi-year stint of a fairly consistent design. Crowdcube explained the move in a blog post declaring “crowdfunding 1.0 is dead.” To quote Crowdcube: “Today’s savvy entrepreneurs want Crowdcube 2.0; they want funding that fuels… Read More

August 14, 2019 @ 8:32 am By JD Alois  |  

“Another clear sign that cryptocurrencies like Bitcoin, Ethereum and XRP are not only part of mainstream finance, but also the future of money.” deVere Group CEO Nigel Green believes recent actions by UK tax authorities are signs that cryptocurrency is winning the battle of becoming… Read More

August 14, 2019 @ 7:01 am By Cali Haan  |  

A cryptocurrency exchange called Beaxy halted trading across the board  August 12th after a high-volume sell-off of XRPs (Ripple tokens) tanked the tokens’ price on the exchange: The exchange corresponded about the suspension in a blog post, stating: “We recently experienced unusual(ly) high volume activity… Read More

August 13, 2019 @ 2:53 pm By Samantha Hurst  |  

Leading marketplace lending platform Prosper announced on Tuesday the release of its Second Quarter 2019 Financial Results. Prosper reported that during the quarter personal loan originations increased 27% compared to the first quarter of 2019, and the online lender has now generated positive adjusted EBITDA… Read More

August 13, 2019 @ 7:30 am By JD Alois  |  

EstateGuru, a crowdfunding platform based in Estonia, is out with a release predicting it will claim €3-5 billion of the European real estate financing by 2025 EstateGuru adds that approximately 70% of SMEs lack access to credit and this is a major constraint to their… Read More

August 12, 2019 @ 5:54 pm By Cali Haan  |  

The UK division of US-based cryptocurrency exchange Coinbase has sent letters to customers telling them to convert their ZCash coins or remove their balances by August 26th, Coindesk reports. Balances not relocated will be converted to British pounds. ZCash is a so-called “privacy coin” that… Read More

August 12, 2019 @ 5:49 pm By JD Alois  |  

Seedrs co-founder and Executive Chairman Jeff Lynn has responded to a critical article published in the Sunday Times this past weekend. The article in question portrayed Seedrs as struggling claiming: “crowdfunding site halts trading as reserves dwindle,” as it reportedly pursues a new funding round…. Read More

August 12, 2019 @ 3:36 pm By JD Alois  |  

P2Binvestor (P2Bi) is an online lender providing access to capital for businesses which are typically not able to access traditional bank financing. The 5-year-old Fintech lender provides term loans and lines of credit based off of a borrowers assets – mainly accounts receivable. P2Bi explains… Read More

August 12, 2019 @ 2:28 pm By Samantha Hurst  |  

HSBC Bank announced on Monday the launch of its digital lending platform that is powered by end-to-end technology platform Amount. HSBC claims that this new platform provides U.S. consumers with a “simple” way to apply for personal loans online. “HSBC is leveraging Amount’s technology platform… Read More

August 12, 2019 @ 10:25 am By Samantha Hurst  |  

U.S. fintech startup SuperMoney announced on Monday its multi-lending marketplace platform has surpassed $2 billion in loan requests. This news comes less than a year after SuperMoney announced it processed more than $1 billion in loan requests. As previously reported, SuperMoney offers what it claims to… Read More

August 12, 2019 @ 7:20 am By JD Alois  |  

Online property finance marketplace LendInvest has received a £200 million investment from the National Australia Bank (NAB). The investment was supported by HM Treasury. Chris Philp, PPS to the Chancellor of the Exchequer, commented on the announcement: “This very substantial investment from NAB into LendInvest… Read More

August 11, 2019 @ 9:14 am By JD Alois  |  

Seedrs, a leading UK crowdfunding platform, is in the midst of funding discussions according to a write up in the Times. The report indicates that an email distributed to Seedrs shareholders indicates the company is at “advanced stages in a fundraising discussion.” Seedrs has previously… Read More