Investment Platforms and Marketplaces

January 11, 2019 @ 8:22 am By Samantha Hurst  |  

KoreConX announced on Thursday its partner. PCG Advisory, is joining the KorePartners Ecosystem to provide companies with all the advice necessary to attract and retain investors, as well as managing the relationship with shareholders in a consistent and efficient manner. According to KoreConX, the PCG… Read More

January 10, 2019 @ 2:12 pm By Samantha Hurst  |  

China-based X Financial (NYSE: FXE) announced on Thursday it has engaged Citic AIBank Corp. (AIBank) as its custodian bank. According to X Financial, the appointment is considered a significant step in the company’s strategy to strengthen trust and security in its platform. As previously reported, X Financial… Read More

January 10, 2019 @ 11:42 am By JD Alois  |  

Earlier this week, CI reported on a 51% attack / double spend attempt that was halted by Coinbase. The crypto exchange was not the only target in the attempted hack. The attack utilized Ethereum Classic (ETC) as the vehicle to steal funds. Security firm SlowMist… Read More

January 10, 2019 @ 11:17 am By JD Alois  |  

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

January 10, 2019 @ 7:49 am By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced on Wednesday it has acquired certain assets of Dubond Infotech Services, LLP through a subsidiary after exercising its previously disclosed purchase option acquired in connection with its MagnifyMoney acquisition in June 2017. According to LendingTree, the Dubond transaction was completed on December 31,… Read More

January 10, 2019 @ 6:33 am By Erin Hobey  |  

This week UK based crowdfunding platform Crowdcube touted its best year to date when measured by multiple metrics; Q4 was said to be the most successful quarter in the history of the platform. Crowdcube channelled 166 million euros in 198 capital campaigns for European companies this… Read More

January 8, 2019 @ 2:00 pm By JD Alois  |  

Fintech Predictions for 2019. Financial innovation continues to evolve at a rapid pace. Startups launch and shutdown with regularity. Traditional financial firms experiment and partner with more agile firms. It’s all about the digitization of finance where services are ubiquitous and instantaneous – all available… Read More

January 8, 2019 @ 8:19 am By Samantha Hurst  |  

KoreConX announced on Tuesday it has formed a new partnership with InvestReady, a company that developed technology to power issuers and platforms with the capability to offer investor verification software right on their site for an efficient and fast verification experience, to provide investor verification. According… Read More

January 8, 2019 @ 8:03 am By JD Alois  |  

Kuflink, a peer to peer property lender for short term finance, has expanded its lending team following increasing platform activity. “Following the launch of our quick bridge product at the tail end of 2018, we’ve seen a huge spike in uptake from new brokers as… Read More

January 8, 2019 @ 7:50 am By Erin Hobey  |  

It’s time to eat somewhere… and Seedrs has some live campaigns that will make readers stomach’s growl with hunger! Take Dandy and Seedrs’ alum Eat Square pies… In 2017, after crowdfunding £40,000 on its first Seedrs raise, Eat Square’s reportedly turnover has more than doubled in 2018…. Read More

January 7, 2019 @ 4:07 pm By Samantha Hurst  |  

LendingFront, a U.S.-based small business lending software provider, has raised $4 million through its Series A funding round, which was led by Information Venture Partners with participation from Newark Venture Partners, Revel Partners, Contour Venture Partners as well as existing investors Struck Capital, ValueStream Ventures… Read More

January 7, 2019 @ 2:09 pm By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), has made a strategic move to expand its global reach by opening up an office in London. In a release, OTC Markets described the move as “part of a broader strategy to meet the needs of European issuers looking for… Read More

January 7, 2019 @ 1:52 pm By Samantha Hurst  |  

KinerjaPay Corp., (OTCQB: KPAY), a digital payment and e-commerce platform, announced on Monday it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million, subscribing for $100 million in shares of the company’s Series F and an addition $100 million in shares of its Series G Convertible Preferred… Read More

January 7, 2019 @ 12:13 pm By JD Alois  |  

UK based crowdfunding platform Crowdcube says it has had its best year ever when measured by multiple metrics. Additionally, Q4 was said to be the most successful quarter in the history of the platform. According to Crowdcube, revenue during 2018 jumped 50% to £6 million… Read More

January 7, 2019 @ 11:53 am By JD Alois  |  

OurCrowd, the largest investment crowdfunding platform in the world and Israel’s most active venture investor, says it will showcase several portfolio companies at this year’s Consumer Electronics Show (CES.) OurCrowd, while based in Israel, has taken a very global approach in providing access to capital… Read More

January 7, 2019 @ 9:20 am By JD Alois  |  

Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

January 7, 2019 @ 7:30 am By JD Alois  |  

Seedrs, a leading UK based investment crowdfunding platform, has provided some additional detail into their performance during 2018. Last week, CI reported that Seedrs has now topped £500 million in investment since platform launch. Money raised has backed 720 deals listed on Seedrs. For 2018,… Read More

January 6, 2019 @ 5:00 pm By JD Alois  |  

Reg CF (or Regulation Crowdfunding as it is inconveniently called) is a securities exemption that enables companies to raise up to $1.07 million online via a regulated funding portal or broker-dealer. The concept of a funding portal was created alongside the exemption which was part… Read More

January 5, 2019 @ 2:50 pm By JD Alois  |  

Digital asset platform Circle has published interesting insight into platform performance during 2018. According to the company, 2018 was a “whirlwind of a year.” Circle states that they currently serve over 8 million customers from all around the world. Transactions totaled $75 billion during the… Read More

January 5, 2019 @ 9:10 am By JD Alois  |  

PeerStreet, a real estate crowdfunding platform that has crafted an interesting niche that pairs retail investors with institutional money, has posted an update on 2018 performance. PeerStreet, having funded $1 billion in debt based financing during 2018 has now topped $1.7 billion in real estate… Read More