Investment Platforms and Marketplaces

April 11, 2019 @ 2:16 pm By Cali Haan  |  

The New York State Department of Financial Services (NYDFS) has denied Seattle-based cryptocurrency trading platform Bittrex’s application for a BitLicense to offer the trading of cryptocurrencies and tokens in the state. The decision was provided in a letter to Bittrex CEO Bill Shihara dated April… Read More

April 11, 2019 @ 1:36 pm By Samantha Hurst  |  

Less than six months after announcing the first rated securitization of its receivables portfolio, Credibly, a small and medium-sized business lending platform, announced the next phase in its balance sheet growth strategy by launching a $10 million investment grade-rated senior debt offering. The transaction closed late… Read More

April 11, 2019 @ 11:26 am By Cali Haan  |  

A man who formerly managed institutional sales and trading for the Kraken cryptocurrency exchange is suing the firm for more than $900 000 USD in commissions he claims are outstanding, Bloomberg reports. The suit filed in New York on April 4th by the Silver-Miller Law… Read More

April 11, 2019 @ 9:23 am By JD Alois  |  

Birchal, an Australia-based investment crowdfunding platform, has shared platform results for the first quarter of 2019. Australia recently updated their “crowd-sourced funding or CSF” regulations that enabled a far wider spectrum of businesses to take advantage of issuing securities online. Birchal describes Q1 performance as… Read More

April 11, 2019 @ 8:20 am By Erin Hobey  |  

Does the name Tivoli Audio sound familiar?  Thomas DeVesto, the CEO, Founder, and Designer of Tivoli Audio (acq. 2015) and Cambridge SoundWorks (acq. 2000), recently launched his newest company, Como Audio, which designs, manufactures, and sells smart speakers. After successfully Kickstarting this past March (973 backers pledged $268,142 and… Read More

April 11, 2019 @ 6:41 am By Samantha Hurst  |  

Singapore based online lender Validus announced this week that following its $15.2 million fundraise the lending platform has formally launched in Indonesia through its domestic business entity, Batumbu, in partnership with Indonesia’s Triputra Group. As previously reported, Validus was launched in 2015 and claims to… Read More

April 11, 2019 @ 4:29 am By Erin Hobey  |  

As many Crowdfund Insiders know, beer campaigns have raised incredible amounts of funding over the years — who can forget BrewDog, Garage Beer, Sly Fox, BeerBods, The Bottle Shop? On Crowdcube alone, Chadlington Brewery, Crowns and Hops Brewing Co, Redwell Brewery and Crate Brewery are currently raising… Read More

April 10, 2019 @ 5:21 pm By JD Alois  |  

As the heady days of initial coin offerings continue to dim, proponents of digital securities are moving to leverage blockchain to issue digital assets in a regulated and compliant manner. In the US, if you issue a tokenized offering it is pretty much a security… Read More

April 10, 2019 @ 3:24 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty is set to close its equity crowdfunding campaign on Seedrs with more than £900,000 in funding from over 500 investors. The campaign, which launched last month,  quickly topped the minimum target of £600,000 for a 3.68% equity stake in the platform…. Read More

April 10, 2019 @ 12:30 pm By JD Alois  |  

In less than one week, Republic, a crypto issuance and investment crowdfunding platform, has reportedly distributed over 1.8 million Note digital tokens. Note tokens were first revealed in March when it was revealed that Republic had acquired RenGen Labs (previously dba as SaftLaunch), Republic’s Note… Read More

April 10, 2019 @ 10:03 am By Samantha Hurst  |  

UK-based peer-to-peer lender RateSetter recently announced its ISA has now passed the milestone of attracting £200 million in subscriptions. RateSetter claimed that the ISA is considered to be the most popular Innovative Finance ISA in the market. The online lending platform also revealed that one… Read More

April 10, 2019 @ 8:32 am By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it has acquired Athena Art Finance from The Carlyle Group and co-investors in a transaction valued at approximately $170 million. According to YieldStreet, Athena is a “pioneer in the global art… Read More

April 9, 2019 @ 12:03 pm By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, announced on Tuesday it has opened a second North American office to focus on digitalizing U.S. legacy banking technology. According to Mambu, the office will strengthen its service capacity and grow its U.S. commercial teams, by allowing it… Read More

April 9, 2019 @ 10:01 am By JD Alois  |  

The Gibraltar Stock Exchange (GSX) will list digital debt and digital fund securities on GSX Global Market (GSX GM) using blockchain technology. GSX is among the first regulated exchanges to use blockchain in this manner. The GSX can now list corporate bonds, convertible bonds, asset-backed… Read More

April 9, 2019 @ 9:48 am By Erin Hobey  |  

Move, a new digital supermarket that just launch this year, internationally sources groceries and ships them under its own brand. By taking out the middlemen and the markup, we’re making incredible groceries available to everyone. In the last two years, Move has built a nationwide supply… Read More

April 9, 2019 @ 9:23 am By JD Alois  |  

FundedByMe Poland is reporting that a security offering for Duality Games has raised €440,000 in just 37 minutes. The crowdfunding offer was backed by 66 investors who purchased a 12.76% stake in the firm. The smallest investment was €3,500 and the largest was €175,000. Duality… Read More

April 9, 2019 @ 8:31 am By Samantha Hurst  |  

Online lending platform UpStart announced on Monday it secured a $50 million equity investment from Progressive Investment Company Inc., Healthcare of Ontario Pension Plan, and First National Bank of Omaha. Founded in 2012 by ex-Googlers, Upstart is described as a lending platform that leverages artificial intelligence… Read More

April 9, 2019 @ 5:52 am By Erin Hobey  |  

Festicket, one of the world’s largest marketplaces for music festival experiences which is backed by Edge Investments, Beringea and Channel 4 and with over 1M customers to date,  allows customers to discover, plan and book their festival experiences in one place. Last month Festicket initiated… Read More

April 9, 2019 @ 5:30 am By Erin Hobey  |  

Phoenix PharmaLabs, Inc., a private company developing what is reportedly the world’s first non-addictive opioid for treatment of moderate to severe pain, recently celebrated a successful equity offering of more than $1.1 million via Netcapital, an SEC-approved equity funding portal. A combination of accredited and… Read More

April 8, 2019 @ 3:06 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Monday it has closed a $700 million securitization. The company claimed it was the largest asset-back securitization (ABS) by a small business online lending platform to date. According to Kabbage, the oversubscribed transaction saw strong demand from both new… Read More