Investment Platforms and Marketplaces

June 19, 2019 @ 1:00 am By Therese Torris  |  

Younited Credit announced today that it has hired Kai Friedrich, a senior German banker to head its German operations. Younited Credit is the only consumer lending platform which has its own “passportable” license allowing it to operate as a credit institution throughout the European Union…. Read More

June 18, 2019 @ 9:00 am By JD Alois  |  

LendingClub (NYSE:LC), an online lender mostly catering to the consumer market, has announced an enhanced service to help individuals pay down debt – largely from high-interest rate credit cards. According to LendingClub, after extensive testing, the online lender has announced the broader launch of “balance… Read More

June 17, 2019 @ 6:25 pm By JD Alois  |  

Hong Kong’s First Regulated Investment Crowdfunding Platform. In April of this year, AngelHub became the first investment crowdfunding platform to receive a license from a Securities and Futures Commission (SFC) in Hong Kong. In the past couple of years, Hong Kong has moved quickly to… Read More

June 16, 2019 @ 9:04 pm By JD Alois  |  

SigOne Capital says it is now offering a full suite of crpto trading services for the institutional/HNW investor. The OTC service says they are now offering OTC trading through voice, API & web portal along with a lending desk to borrow and lend crypto. SigOne… Read More

June 15, 2019 @ 6:36 pm By JD Alois  |  

Silicon Prairie, an investment crowdfunding platform that offers securities as a Reg CF portal as well as under intrastate securities exemptions, is now a broker-dealer. But Silicon Prairie is not required to be regulated by FINRA as it has received approval to operate under the… Read More

June 15, 2019 @ 10:48 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform and sister company to stable coin-issuer Tether, announced June 14th that buybacks of its LEO token, issued to help cover operational shortfalls, have begun. LEO token bought back are purportedly being “burned” (decommissioned) by the issuer. About a billion tokens… Read More

June 14, 2019 @ 4:16 pm By Cali Haan  |  

One day after announcing the creation of a dedicated cryptocurrency trading platform for US customers, Binance, the world’s largest cryptocurrency exchange by volume, has modified its terms of service to exclude “any U.S. person.” The change comes under the subheading “Prohibition of Use” in the… Read More

June 14, 2019 @ 11:54 am By JD Alois  |  

PeopleFund, a South Korea based online lender, has raised $35 million as part of an extension of a Series B funding round which was announced in October 2018.  PeopleFund is a marketplace lending platform which means it accepts investments from both individuals and institutions. PeopleFund… Read More

June 14, 2019 @ 11:19 am By JD Alois  |  

Peer to peer lender Kuflink has reported surpassing £50 million worth of bridging and development loans. Kuflink is a UK based P2P lender serving the property market. All loans are said to be secured by UK property. According to the website, investors may earn up… Read More

June 14, 2019 @ 7:26 am By JD Alois  |  

Linked Finance, an Ireland based peer to peer lender serving SMEs, has topped €100 million in lending, according to a note from the company. Management states that this milestone indicates that P2P lending is a proven funding option which is being recognized by Irish SMEs…. Read More

June 13, 2019 @ 6:46 am By JD Alois  |  

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

June 12, 2019 @ 3:26 pm By JD Alois  |  

Beijing-based BabelFinance, formerly doing business as BabelBank, has issued a release stating crypto backed loans are booming. Since opening in 2018, BabelFinance has originated more than $124 million in crypto backed loans. According to a note from the company, BabelFinance expects to hit “$1 billion… Read More

June 12, 2019 @ 10:05 am By JD Alois  |  

SME financial software platform Wave has been acquired by H&R block for a solid CDN $537 million, according to a blog post on their site. The Canada based firm is also an OurCrowd portfolio company and represents a series of big exits for the crowdfunding… Read More

June 12, 2019 @ 9:16 am By JD Alois  |  

Blockchain-based Smartlands is claiming to be the first crowdfunding platform in the UK to tokenize property investments. Based in London, Smartlands describes itself as a “worldwide security token issuance platform.” Smartlands is regulated by the UK Financial Conduct Authority (FCA). A quick visit to the… Read More

June 11, 2019 @ 11:35 am By JD Alois  |  

Following the outsized success of BeyondMeat’s (NASDAQ:BYND) initial public offering, OurCrowd and its partners have received government approval to operate Israel’s Foodtech incubator. OurCrowd, along with Finistere Ventures, a global agrifood investment leader, Tnuva, Israel’s food manufacturer, and Tempo Beverages, the leading Israeli beverage company,… Read More

June 11, 2019 @ 10:20 am By JD Alois  |  

Following an $8 million funding round, Beaxy has launched a full-service cryptocurrency exchange. Beaxy is currently available in 185 different countries and 43 US states. In a blog post, Beaxy added some insight into the tiered roll-out explaining that “certain aspects of the exchange may… Read More

June 11, 2019 @ 7:47 am By JD Alois  |  

Peer to peer property lender CrowdProperty has funded its 92nd project. In doing so, CrowdProperty funded its 600th home having lent over £40 million. In total, CrowdProperty pegs the aggregate value of the property at over £100 million CrowdProperty highlights the fact that, to date,… Read More

June 10, 2019 @ 6:02 pm By JD Alois  |  

StartEngine, one of the larger investment crowdfunding platforms in the US, continues to push forward with its self-crowdfunding campaign has now raised approximately $825,000 from 699 investors. StartEngine is seeking from $500,000 to $9 million under Reg A+ at a pre-money valuation of $119 million…. Read More

June 10, 2019 @ 12:57 pm By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Monday it has securitized £259 million of UK prime Buy-to-Let mortgage loans in an oversubscribed RMBS transaction. LendInvest claims it is the UK’s first marketplace platform to securitise its own assets and the securitization received an… Read More

June 10, 2019 @ 9:12 am By JD Alois  |  

Crypto exchange Bitmex has formed a partnership with CryptoCompare, a provider of cryptocurrency data and indices, to provide real-time cryptocurrency futures dataset to institutional investors via the Refinitiv Eikon terminal. BitMex has always targeted professional traders and institutions. The exchange claims to be the “world’s… Read More