Investment Platforms and Marketplaces

July 2, 2019 @ 1:40 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Assetz Capital has successfully surpassed £1.8 million through its equity crowdfunding campaign on Seedrs. The funding round was launched in May and quickly raised its initial £1 million. So far, more than 1,000 investors have contributed to the initiative.  As previously… Read More

July 2, 2019 @ 11:14 am By Cali Haan  |  

FinCEN Director Kenneth A. Blanco told an audience at the  NYU Law Program on Corporate Compliance and Enforcement earlier this month that his agency is receiving 1500 reports of suspicious transactions involving cryptocurrencies per month- 500 more than it receives regarding regular transactions. Blanco has… Read More

July 2, 2019 @ 10:11 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

July 2, 2019 @ 6:26 am By JD Alois  |  

Funding Circle (LSE:FCH) has provided an update to its outlook for 2019, as well as H1 2019 financial results and updates to its statistics pages for the three months ending 30 June 2019. The forecast from the SME peer to peer lender indicates lower revenue… Read More

July 1, 2019 @ 12:44 pm By JD Alois  |  

Euronext, a leading European securities exchange has subscribed to the entire €5 million capital increase of tokenization platform Tokeny Solutions, according to a release. The investment gives Euronext a 23.5% stake in the blockchain platform. At the end of March, Euronext had approximately 1,300 listed… Read More

July 1, 2019 @ 11:36 am By Cali Haan  |  

San Francisco-based crypto exchange Coinbase is tooting it’s sector’s horn in a recent blog post regarding “awareness and adoption trends related to crypto in America, such as which US States have the highest rates of participation and where enthusiasm is highest.” The results are gleaned from,… Read More

July 1, 2019 @ 11:24 am By Samantha Hurst  |  

Online marketplace lending platform LendingClub (NYSE: LC) announced on Monday it has issued over $2 Billion in CLUB Certificates since the program’s launch less than a year and a half ago. LendingClub reported that it took a year for the lender to issue its first… Read More

July 1, 2019 @ 10:55 am By Samantha Hurst  |  

Online lending platform Funding Circle announced last week it has partnered with Aviva Finans AB to pledge €50 million towards funding loans for German and Dutch small businesses. According to Funding Circle, the investment agreement facilitates the initial €50 million in small business loans over… Read More

July 1, 2019 @ 6:12 am By Cali Haan  |  

Gemini, one of 18 New York-based cryptocurrency companies licensed and regulated in the state, is opening a new office in Chicago in order to “meet growing institutional demand,” exchange co-founder Tyler Winklevoss writes in a recent blog post. “Our Chicago office will serve as an… Read More

June 29, 2019 @ 8:10 am By Cali Haan  |  

On Thursday, a hacker “exploited a vulnerability in (the Bitrue exchange’s) Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” according to a tweet thread from Singaporean crypto exchange Bitrue. This initial attack was quickly repeated on the… Read More

June 28, 2019 @ 5:16 pm By Samantha Hurst  |  

Nordic crowdfunding platform Invesdor announced on Thursday it has completed its merger with Finnest, an Austria based Fintech that provides debt capital to small and medium-sized firms. According to Invesdor, the companies now form Invesdor Group, which is described as a pan-European digital investment and… Read More

June 28, 2019 @ 4:39 pm By JD Alois  |  

As anticipated, LendingClub (NYSE: LC) has scheduled the date on which its shares will trade reflecting a reverse split. LendingClub announced earlier this year its intent to complete a 1 for 5 reverse stock split. The decision was made to lower shareholder management. The reverse… Read More

June 28, 2019 @ 4:30 pm By JD Alois  |  

In an email, investment crowdfunding platform Republic announced the acquisition of SheWorx an events and community platform that focuses on female entrepreneurs. Terms of the acquisition were not disclosed. Republic is a mission-driven online capital formation platform. Management made the following statement: “At Republic, we’re… Read More

June 28, 2019 @ 2:47 pm By Samantha Hurst  |  

Yielders, a property investment platform based in the UK, has successfully secured its initial £500,000 funding target on equity crowdfunding platform Seedrs. The funding round comes less than a year after Yielders closed on a pre-series A funding round. The platform is offering 4.76% of… Read More

June 28, 2019 @ 8:17 am By JD Alois  |  

Investment crowdfunding platform Seedrs has added a new program to boost the food and beverage sector of crowdfunding.  Noting that consumer-facing companies in the food and beverage sector have been a popular category for retail investment, Seedrs has launched the FMCG Accelerator program (Fast-Moving Consumer… Read More

June 28, 2019 @ 7:32 am By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Friday it received a top rating from European Ratings Agency, ARC Ratings, for the fifth conservative year. According to LendInvest, ARC Ratings is a regulated European credit rating agency registered with the European Securities and Markets… Read More

June 27, 2019 @ 5:59 pm By JD Alois  |  

OSTKO is the 2nd Digital Security to Trade on PRO Securities ATS Overstock subsidiary (NASDAQ:OSTK) tZERO has commenced trading of “Digital Voting Series A-1 Preferred Stock,” ticker OSTKO (formerly OSTKP). The long-anticipated security token trading on the marketplace represents an important step forward for blockchain… Read More

June 27, 2019 @ 5:27 pm By Cali Haan  |  

American crypto exchange Coinbase went dark Wednesday at the same time as the price of Bitcoins plummeted approximately $1800 dollars in 15 minutes, Coindesk reports. At the company’s Twitter account, Coinbase attributed the outage to cloudflare. [status] Identified: We are currently investigating this issue. We… Read More

June 27, 2019 @ 9:56 am By JD Alois  |  

Merj Exchange plans to list its own shares claiming to be the “first-ever regulated security token on a national exchange.” Merj, based in Seychelles, is a securities exchange, clearing agency, and securities facility regulated by the Financial Services Authority as a national exchange. Merj says… Read More

June 27, 2019 @ 9:21 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has announced a crypto wallet and exchange services app via its “tZero Crypto unit.” tZERO Crypto is operated as a dba of Bitsy, Inc. and is a wholly owned subsidiary of tZERO. tZero states that investors who want to… Read More