Investment Platforms and Marketplaces

April 16, 2019 @ 10:25 pm By JD Alois  |  

Since Australia fixed a glaring shortcoming in the country’s “crowd-sourced funding” regulations, equity crowdfunding has gained a new spring in its step. Under current Aussie rules, an issuer may raise up to $5 million in an online securities offering. Retail investors are capped at $10,000… Read More

April 16, 2019 @ 3:37 pm By JD Alois  |  

Last week, Federal Reserve Governor Michelle W. Bowman delivered a speech at the “Fed Family” luncheon at the Federal Reserve Bank of San Francisco. The topic of her presentation was “Community Banking in the Age of Innovation.” Bowman joined as a member of the Board… Read More

April 16, 2019 @ 1:35 pm By Samantha Hurst  |  

Real estate crowdfunding platform Groundfloor announced on Tuesday its 2019 first quarter results and momentum. According to Groundfloor, Despite the government shutdown of the U.S. Securities and Exchange Commission for 35 days, it still experienced 123% percent non-GAAP first quarter revenue growth compared to the… Read More

April 16, 2019 @ 8:44 am By JD Alois  |  

Welendus (PTP Funding Limited), a peer to peer lending platform, has received an investment from the Unicorn Ascension Fund (UAF) for an undisclosed amount. The investment was said to be used for future expansion into India. Other early-stage investors in the company include Pontaq, a… Read More

April 16, 2019 @ 7:51 am By JD Alois  |  

Peer-to-peer property lender CrowdProperty has closed their £1.1 million equity crowdfunding round on Seedrs easily topping their £600,000 goal. CrowdProperty raised capital at a pre-money valuation of £15.7 million. Approximately 575 investors supported the round. The news of their successful equity offering was joined by… Read More

April 15, 2019 @ 3:35 pm By Samantha Hurst  |  

Following last year collaboration with the IMD business school resulting in the publication of The State of Equity Crowdfunding report, Bloomio AG, the blockchain powered equity crowdfunding company, announced on Monday it has put in place a new task force for the second edition of… Read More

April 15, 2019 @ 2:08 pm By JD Alois  |  

NextSeed, a FINRA regulated funding portal issuing securities under Reg CF, has become a broker-dealer. In an email distributed to its community, NextSeed announced the change in strategy for its investment crowdfunding platform. The announcement was joined by a site re-design and the addition of… Read More

April 15, 2019 @ 1:56 pm By Samantha Hurst  |  

Nauticus Blockchain, an Australia- based digital financial marketplace, announced on Monday it is now seeking $25 million through its new equity fundraising efforts. The Nauticus Exchange is described as an Australia Government regulated crypto and fiat currency exchange. The platform is egistered with AUSTRAC and… Read More

April 15, 2019 @ 8:24 am By JD Alois  |  

Online investment platform Republic revealed last week that Note, a security token which may be issued under the Reg A+ exemption, has already granted 1.8 Note tokens.  The Note tokens concept was first revealed in March when it was reported that Republic had acquired RenGen… Read More

April 15, 2019 @ 7:13 am By JD Alois  |  

Research compiled by YouGov, Seedrs, and banking app Dozens, shares a dim view of financial sophistication in the UK. According to the report, a majority of UK adults are poorly informed about financial services and planning for their future. The study conducted by YouGov was… Read More

April 14, 2019 @ 9:12 pm By Samantha Hurst  |  

Peer-to-peer property lender CrowdProperty will be closing its Seedrs funding round after surpassing £1 million in funding from close to 550 investors. As previously reported, CrowdPropert describes itself as a platform that promotes investments that return up to 8% per annum noting that, to date,… Read More

April 14, 2019 @ 3:03 am By Erin Hobey  |  

Blockport, a social crypto exchange, plans to launch its Security Token Offering (STO); the first round issued through Tokeny will take place on 15 April with the goal of raising EUR 5M from investors in both Europe and the United States. The round is part… Read More

April 13, 2019 @ 12:00 pm By Cali Haan  |  

Dan Romero, Coinbase’s Vice President, International, who also runs Coinbase’s institutional trading desk, has announced in a blog post that he is leaving the cryptocurrency trading platform firm this month. Romero’s LinkedIn profile shows that he has been at Coinbase for five years. The profile… Read More

April 12, 2019 @ 6:29 pm By Cali Haan  |  

Bakkt, the Intercontinental Exchange’s (ICE’s) forthcoming “digital asset” trading platform and crypto custody service, has hired former PayPal VP Engineering and former Google Engineering Director-Payments Mike Blandina to develop products and payments features at the company. Bakkt CEO Kelly Loeffler announced the hire in an… Read More

April 12, 2019 @ 5:54 pm By JD Alois  |  

LendingClub (NYSE:LC) has filed a document with the Securities and Exchange Commission (SEC) indicating its intent to do a reverse split on issued and outstanding shares. LendingClub would exchange 5 shares for 1. The proposal was included in the notice of the forthcoming Annual Meeting… Read More

April 12, 2019 @ 10:32 am By Samantha Hurst  |  

Online lending platform SoFi announced on Thursday the availability of two new exchange-traded funds (ETFs), the SoFi Select 500 ETF (NYSE: SFY) and the SoFi Next 500 ETF (NYSE: SFYX). According to SoFi, both funds have fee waivers in place that lower total fund expenses… Read More

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