Investment Platforms and Marketplaces

March 31, 2019 @ 9:12 pm By Samantha Hurst  |  

Scotiabank announced last week the launch of its new digital mortgage experience, Scotiabank eHOME. Scotiabank reported with Scotiabank eHOME, Canadians may apply for a mortgage completely online, track the application status through real-time updates, and complete the closing with a lawyer without requiring an in-person… Read More

March 31, 2019 @ 5:25 pm By JD Alois  |  

Indiegogo, the second largest rewards-based platform in the US, has quietly exited equity crowdfunding. Indiegogo entered the securities realm in November of 2016. The platform partnered with Microventures, a Texas-based broker-dealer, to create First Democracy VC – a FINRA approved funding portal. At the time… Read More

March 30, 2019 @ 3:36 am By JD Alois  |  

LendingClub (NYSE:LC) has posted a notice that two high-profile board members have submitted notice they will not stand for re-election. Both John J. Mack and Mary Meeker have decided to depart LendingClub’s Board. Mack is one of the best-known names on Wall Street. The veteran… Read More

March 29, 2019 @ 3:55 pm By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday it has refreshed its mortgage offering as SoFi Home Loans. The lender reported that the offering is complete with a re-engineered process that helps people buy or refinance a home with an online application, no hidden fees, or… Read More

March 29, 2019 @ 8:36 am By Samantha Hurst  |  

Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, has released the financial results for the full year ended December 31, 2018. Financial highlights include: Total Net Revenue, which includes the non-cash impact related to warrants to purchase preferred stock, decreased to $104.4 million… Read More

March 29, 2019 @ 7:55 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Thursday it has issued a $20 million senior unsecured note to Majik Fund SPC, which is an exempted company managed by a subsidiary of Yunfeng Financial Group Limited. According to Hexindai, the note bears a fixed interest… Read More

March 29, 2019 @ 2:31 am By Cali Haan  |  

Spain’s Comision Nacional Del Mercado de Valores (National Securities Market Commission or CNMV) has issued a statement clarifying that, to date, it has not approved any ICOs fundraising within its jurisdiction. According to a release from the Commission processed [Google Translate]: “The CNMV has not… Read More

March 28, 2019 @ 3:08 pm By JD Alois  |  

Small Change, a real estate crowdfunding platform, was recently recognized in a write up in US News and Weekly report. The online investment site was included along with a short list of other prominent names in the world of real estate investing. What was unique… Read More

March 28, 2019 @ 1:49 pm By JD Alois  |  

InvestHK (Invest Hong Kong) commented on the news this week that the Hong Kong Monetary Authority (HKMA) had approved the first three virtual banking licenses. InvestHK’s vision is to strengthen Hong Kong’s status as the leading international business location in Asia. Their mission is to… Read More

March 28, 2019 @ 9:16 am By Erin Hobey  |  

Petit Vour, an award-winning monthly beauty box + lifestyle shop for the modern, ethical woman, showcases a luxurious collection of 100% cruelty-free, plant-based and non-toxic products. Petit Vour Co-Founders and Co-CEOs Madeline Alcott and Ryan Miner have synced with Wefunder to crowdfund a Future Equity Agreement with… Read More

March 27, 2019 @ 2:35 pm By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it secured $15 million through its Series A investment round, which was led by CreditEase FinTech Investment Fund (CEFIF) with additional capital injections from the Alibaba Hong Kong Entrepreneurs fund and MindWorks Ventures. Qupital reported that it… Read More

March 26, 2019 @ 12:04 pm By Erin Hobey  |  

Exscudo, a blockchain platform which helps users to manage, hold and transfer digital as well as traditional financial assets, recently announced an upcoming credit card linked to the Channels app that will support support EUR, BTC and EON, with plans to add BCH, EHT, ETC,… Read More

March 26, 2019 @ 11:26 am By Samantha Hurst  |  

Mortgage marketplace lender LendingHome announced on Tuesday it has completed its first syndicated, revolving securitization of residential transition loans, issuing approximately $208 million of non-rated, asset-backed securities. According to LendingHome, the transaction totaled approximately $219 million in aggregate and was structured with a two-year revolving… Read More

March 26, 2019 @ 11:04 am By Erin Hobey  |  

Honeycomb Credit, a two year old Pittsburgh-based fintech platform, aims to enable growing businesses loans to be underwritten by its customers at reasonable rates and terms. Honeycomb Credit reportedly offers investors (customers of a certain business) an 8-14% return on their investment over a 36-60… Read More

March 26, 2019 @ 3:44 am By Cali Haan  |  

The General Manager for the Bank for International Settlements (BIS), Augustin Carstens, told an audience in Dublin last Friday that central banks should not get into the business of issuing a central bank digital currencies or “CBDCs” to the public, mainly because tokens/”blockchains” do not… Read More

March 25, 2019 @ 3:19 pm By JD Alois  |  

For the second year in a row, investment crowdfunding platform OurCrowd has been recognized as the most active venture investor in Israel. The ranking was provided by venture data tracking company Pitchbook.. OurCrowd recently held its annual investor summit which drew over 18,000 registrations as… Read More

March 25, 2019 @ 9:00 am By JD Alois  |  

France is a country that is seeking a path to enable digital assets. In the past, Bruno Le Maire, the Minister of the Economy and Finance of France, has been fairly outspoken on the topic as he has publicly stated that blockchain is a technical… Read More

March 25, 2019 @ 8:16 am By Samantha Hurst  |  

Peer to peer lender Robo.cash announced on Monday it has funded €2.4 million of Philippine loans. Robo.cash reported that this is the highest volume of financed loans among all loan originators of Robocash Group for the first three months after the integration with the P2P… Read More

March 24, 2019 @ 8:31 pm By Samantha Hurst  |  

Monevo, a U.S.-based personal loan marketplace, announced last week the launch of its personal loan API, Credit Staq, which allows Monevo partners, including comparison sites, fintechs and consumer brands to present and compare pre-approved loan offers from the platform’s panel of personal loan lenders natively… Read More

March 24, 2019 @ 6:04 am By JD Alois  |  

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More