Investment Platforms and Marketplaces

August 10, 2019 @ 4:51 pm By JD Alois  |  

SME Peer to peer lending platform Growth Street has joined digital bank Starling Bank‘s marketplace, according to a blog post. Excited to announce that GrowthLine is now available on the #Starling Marketplace! It means your business can apply for and manage your GrowthLine all from… Read More

August 9, 2019 @ 10:29 am By JD Alois  |  

MERJ Exchange, formerly Trop-X Limited, has claimed the first-ever, fully compliant and regulated security token issued by a national stock exchange. MERJ is licensed by the Seychelles Financial Services Authority. As Crowdfund Insider reported last week, MERJ is an exchange for equities, debt, and derivatives… Read More

August 9, 2019 @ 8:32 am By Samantha Hurst  |  

Online lending platform Funding Circle announced on Thursday the numbers of H1 2019, which are the results for the first six months of 2019, ending on June 30th. According to Samir Desai, the CEO and Co-Founder of Funding Circle, the online lending platform grew in revenue… Read More

August 9, 2019 @ 7:59 am By JD Alois  |  

CoinZoom, a regulated crypto exchange, has announced it will soon offer a visa debit card where users may swap crypto for fiat, according to a release. CoinZoom is part of a company that operates a crowdfunding platform CoinZoom Securities LLC which was previously operating under… Read More

August 9, 2019 @ 7:42 am By JD Alois  |  

P2P lender Robo.cash has financed €100 million in loans, according to a release. Robo.cash says that data for the first seven months of 2018 and 2019 show an upward trend: this year, the volume of funded loans has grown by 74.5% and amounted to €41.9… Read More

August 8, 2019 @ 6:14 pm By JD Alois  |  

Overstock.com (NASDAQ:OSTK) reported Q2 financial results today. For the quarter ending June 30, Overstock reported a revenue decrease of $373.7 million vs. $483.1 million (23% decrease) in comparison to the same quarter year prior. A Net loss of $24.7 million was an improvement over last… Read More

August 8, 2019 @ 2:58 pm By JD Alois  |  

France is a country that is seeking to position itself as a jurisdiction of preference when it comes to blockchain technology and the issuance of digital assets. Blockchain innovation has been aided by vocal government support and new legislation signed into law that allows for… Read More

August 8, 2019 @ 10:31 am By JD Alois  |  

Regulated crypto exchange SBI VC (spun out from SoftBank), based in Japan, is now FATF compliant. Earlier this year FATF announced a set of requirements regarding “virtual asset service providers” or VASPs (mainly crypto exchanges). These new rules require the tracking and storing of all… Read More

August 8, 2019 @ 8:33 am By JD Alois  |  

Bitcoin marketplace Paxful is reporting a 70% increase in bank transfers due to “the onboarding of institutional clients.” Earlier this year, Paxful lowered the bank transfer fee to 0.1% – a move that may have helped boost user interest. On the Paxful peer to peer… Read More

August 8, 2019 @ 7:39 am By Cali Haan  |  

A hacker has started leaking KYC (know your customer) data he or she claims is from Binance, the world’s largest crypto exchange by volume. The data, which includes photos of passports and other IDs, is now being circulated on a Telegram channel with 10 000 users that… Read More

August 8, 2019 @ 12:17 am By JD Alois  |  

Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More

August 7, 2019 @ 2:18 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated more than $1.5 billion in financing to small businesses across the U.S. This news comes just a few weeks after Lendio acquired of cloud-based small business account platform, Billy, and the launch of Lendio’s… Read More

August 7, 2019 @ 1:30 pm By JD Alois  |  

Shares in LendingClub (NYSE:LC) are rising during another down market day as the trade war with China has no end in sight and political tempers flare. Shares are currently trading over 10% higher following yesterday’s Q2 earnings report where LendingClub said it expected to finally… Read More

August 7, 2019 @ 11:52 am By JD Alois  |  

OurCrowd, a digital investing platform, is expanding its presence in the Latin America market. According to a release, OurCrowd will host an invite-only event in Sao Paulo later this fall. Labeled “OurCrowd Sync” the crowdfunding platform has joined up with Rodrigo Monteiro and the team… Read More

August 7, 2019 @ 10:12 am By Samantha Hurst  |  

Online lending platform Biz2Credit announced on Tuesday the release of its Biz2Credit Small Business Lending Index, which revealed approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small… Read More

August 7, 2019 @ 7:56 am By JD Alois  |  

EstateGuru, an online marketplace for secured, short term loans, has launched in Portugal, according to a note from the company. EstateGuru is now providing crowdfunding services in six different countries including Estonia, Latvia, Lithuania, Finland, and Spain. EstateGuru said by opening in the Portuguese market… Read More

August 6, 2019 @ 4:55 pm By JD Alois  |  

LendingClub (NYSE: LC), an online lending platform for both borrowers and investors, has posted second-quarter results. While still generating a loss, LendingClub said it was on track to be net income profitable (Adjusted) by Q3. LendingClub took years to originate its first $1 billion. Today,… Read More

August 6, 2019 @ 9:48 am By JD Alois  |  

Overstock (NASDAQ:OSTK) subsidiary tZERO, has received a US patent for the “Time Ordered Merkle Epoch (TOME) methodology.” TOME is described as a “base-layer technology that uses digital signatures to record and verify time-series data such as trades, executions and settlements.” This tech is said to… Read More

August 6, 2019 @ 1:35 am By Cali Haan  |  

As part of its stated goal, “to offer support for all assets that meet our technical standards and…comply with applicable laws…(and give) customers around the world…access…to at least 90%…of all digital assets in circulation,” Coinbase has announced it is “exploring the addition of new assets.”… Read More

August 5, 2019 @ 10:31 pm By JD Alois  |  

Apple Card, a “new kind of credit card” launched by Apple (NASDAQ:AAPL) in partnership with Goldman Sachs (NYSE:GS) is expected to be made available to the public within the next few days. In fact, it has been reported that invitation emails have already gone out… Read More