Investment Platforms and Marketplaces

October 3, 2018 @ 8:01 am By JD Alois  |  

LendInvest, an online lending platform for property finance, has announced the addition of Chief Financial Officer, Angelie Panteli, to the board of directors. According to LendInvest, Panteli joined the company in January 2018 and is responsible for all financial aspects of the business including financial… Read More

October 2, 2018 @ 10:30 am By JD Alois  |  

A note from UK based investment crowdfunding platform Volpit indicates they have been acquired by Zion Capital. Deal terms were not revealed. Volpit was launched in 2014 by Patrick O’Flaherty and Simon Oberman, and received full FCA approval, but struggled to gain traction in the UK… Read More

October 2, 2018 @ 10:10 am By JD Alois  |  

BitMEX (Bitcoin Mercantile Exchange), a sophisticated cryptocurrency trading platform, has hired Angelina Kwan as its new Chief Operating Officer. Kwan was previously Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges and Clearing Limited (HKEX). Kwan also spent eight years working at the Securities and… Read More

October 2, 2018 @ 7:33 am By JD Alois  |  

VentureFounders has appointed Michael Gray to build their Channel Islands presence. Gray is the founder of MMG Consulting Limited (MMG), a consulting advisory firm, and a non-Executive Director of various companies and private equity groups in Europe, UK and Japan. VentureFounders states that until recently… Read More

October 2, 2018 @ 7:29 am By Samantha Hurst  |  

UK-based online lender LendInvest announced on Tuesday it has reduced its rates across its Bridging product range and introduced a new Bridge to Term transition service. LendInvest reported it has cut rates on its Residential and Commercial Bridging, Development Exit and Auction Finance products. The lender… Read More

October 1, 2018 @ 5:04 pm By JD Alois  |  

Last week, CI reported that the Securities and Exchange Commission (SEC) had charged LendingClub Asset Management LLC (part of Lending Club), and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub. A settlement was quickly agreed to by all parties… Read More

October 1, 2018 @ 4:07 pm By Cali Haan  |  

The government of Sierra Leone, the U.N. Capital Development Fund, the U.N. Development Programme and technology and micro lending non-profit Kiva are partnering to build a “blockchain” identity and credit-score system to enhance financial security in Sierra Leone. The project will use distributed ledger built by Kiva,… Read More

October 1, 2018 @ 10:43 am By JD Alois  |  

Israel is red-hot when it comes to entrepreneurship and startups in general. The country has been recognized for years as punching above its weight class when it comes to an innovation driven economy. One of the hottest sectors for startups is Artificial Intelligence (AI). A… Read More

October 1, 2018 @ 7:33 am By JD Alois  |  

Crowd2Fund is out with a note on platform performance. The UK peer to peer debt platform states that current default levels stand at 1.42% and their best case model APR standing at 8.51%.  The crowdfunding platform says the current worst-case model, which assumes all defaults… Read More

September 30, 2018 @ 1:44 pm By Samantha Hurst  |  

UK-based equity crowdfunding platform Crowdcube announced on Friday it has internationally expanded its partnership with Amazon Launchpad. According to the funding portal, the partnership with Amazon Launchpad was established in 2015 originally to increase the visibility of its successful crowdfunding campaigns (also known as Funded Club)… Read More

September 28, 2018 @ 2:43 pm By JD Alois  |  

LendingClub (NYSE:LC) has responded to the just announced charges and settlement by the Securities and Exchange Commission (SEC) pertaining to allegations of misconduct by former executives. Specifically, LendingClub Asset Management, along with former Executives Renaud Laplanche and Carrie Dolan, have entered into a settlement with… Read More

September 28, 2018 @ 2:07 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged LendingClub Asset Management LLC, and former President Renaud Laplanche with fraud for improperly using fund money to benefit LendingClub.  LendingClub Asset Management, Laplanche, and former CFO Carrie Dolan, also were charged with improperly adjusting fund returns. The… Read More

September 28, 2018 @ 10:28 am By JD Alois  |  

Funding Circle has set the share offer price at the low end of the range, according to a note published by the company. Previously, Funding Circle had announced it would offer up to 136,039,416 shares at a price between 420 pence to 530 pence per share…. Read More

September 27, 2018 @ 1:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a complaint against real estate crowdfunding platform iFunding, along with co-founders William Skelley and Sohin Shaw. The complaint alleges that Skelley and Shaw pursued a “fraudulent scheme to misappropriate investor funds.” CI Senior Contributor and securities attorney… Read More

September 27, 2018 @ 8:32 am By JD Alois  |  

UK Peer to Peer Lending Hurdles £1 Billion During 2nd Quarter The UK Peer to Peer Finance Association (P2PFA) has published their second quarter 2018 numbers from member platforms.  According to their data, the peer-to-peer lending industry contributed more than £1 billion to the UK… Read More

September 27, 2018 @ 7:36 am By JD Alois  |  

Neufund, Europe’s first security token issuance platform, has partnered with Liechtenstein-based Blocktrade to provide additional liquidity in security tokens. Neufund has previously announced partnerships with the Malta Stock Exchange, Binance and BitBay for secondary transactions.  The move is designed to boost liquidity in the nascent security… Read More

September 27, 2018 @ 4:12 am By Erin Hobey  |  

Crowdcube and digital business school ISDI have signed a collaboration agreement to boost the financing of startups in the technological sector across Europe and attract investment. The operation will be carried out through IMPACT, the ISDI startup accelerator. “We are proud to be able to weave… Read More

September 26, 2018 @ 11:54 am By JD Alois  |  

data.world, an Austin-based Public Benefit Corporation and Certified B Corporation that powers modern data teamwork, has raised $12 million third round of investment backed by Workday Ventures, The Associated Press, and crowdfunding platform OurCrowd. The investment brings data.world’s total funding to $45.3 million since its… Read More

September 26, 2018 @ 8:36 am By JD Alois  |  

Coinbase has announced a new path for altcoin creators to apply to trade on the crypto exchange. Shared in a blog post yesterday, Coinbase stated: “Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with… Read More

September 26, 2018 @ 7:52 am By JD Alois  |  

Investment crowdfunding platform Crowdcube has shared a new milestone: 100 issuers have now raised £1 million or more on their platform. While it is nice to note accomplishments like this, the fact that crowdfunding platforms are listing larger offerings is a natural part of the… Read More