Investment Platforms and Marketplaces

April 15, 2018 @ 2:41 pm By JD Alois  |  

Renwick Haddow, a UK national, was extradited from Morocco to the US for committing fraud that saw over $36 million stolen from investors. The extradition is just part of a long criminal saga by Haddow. Last year, the SEC joined the U.S. Attorney’s Office for the… Read More

April 13, 2018 @ 9:11 pm By Samantha Hurst  |  

Regions Bank announced on Thursday it has invested in and formed a partnership with fintech mortgage and consumer digital lending technology platform provider, Lender Price. According to the bank, the duo will focus on streamlining Regions’ digital process and simplify interaction between banks, borrowers, and… Read More

April 13, 2018 @ 3:00 pm By Samantha Hurst  |  

UK-based peer-to-peer lender Lending Works announced this week it surpassed £100 million in online lending. According to Lending Works, the milestone comes just a little over a year after the platform surpassed £50 million. The lender also reported that 20,000 customers (over 16,000 borrowers and nearly 4,000 lenders)… Read More

April 13, 2018 @ 12:00 pm By Samantha Hurst  |  

Online lending for small business OnDeck (NYSE: ONDK) announced this week that it has priced $225 million initial principal amount of Series 2018-1 Fixed Rate Asset-Backed Notes in a private securitization transaction. According to OnDeck, the notes will be issued in four classes and were priced with a weighted average… Read More

April 12, 2018 @ 4:54 pm By JD Alois  |  

LendingClub (NYSE: LC), has selected  Bahman Koohestani to serve as the company’s Chief Technology Officer. Koohestani was most recently with Clarivate Analytics, where he served as Chief Technology Officer. Prior to Clarivate Analytics, Bahman was Executive Vice President and Chief Technology Officer of shopping site NexTag where… Read More

April 12, 2018 @ 10:02 am By Erin Hobey  |  

Investment manager Downing LLP has launched of a new bond on its crowdfunding platform, Downing Crowd, paying 7.6% p.a. interest to investors by lending £10M to projects across the UK’s reserve power market. [clickToTweet tweet=”.@Downingcrowd Reserve Power Bond will enable investment of up to £10M in… Read More

April 12, 2018 @ 9:30 am By Erin Hobey  |  

LendInvest, the specialist property finance lender, has partnered with mortgage sourcing partners Twenty7Tec and IRESS’s TriGold system to bring its Buy-to-Let product to more intermediaries. These sourcing systems now bring LendInvest BTL loans to the market in a faster, more efficient way to reach a wider… Read More

April 12, 2018 @ 7:52 am By Samantha Hurst  |  

Business finance company MarketInvoice announced this it has joined a select group of alternative finance firms on NatWest’s Capital Connections panel. MarketInvoice reported that it is the ninth alternative finance provider to join Capital Connections, alongside Funding Circle, Assetz Capital, Start Up Loans, Seedrs, Together, iwoca, Esme… Read More

April 11, 2018 @ 3:34 pm By Samantha Hurst  |  

The Ministry of Economic Affairs and Climate (EZ) has reportedly approved Funding Circle Netherlands as a Guarantee SME Credit (BKMB) scheme participant. According to AltFi, for participating firms, which are typically major banks, the BKMB provides guarantee of up to 75% of the loan amounts… Read More

April 10, 2018 @ 3:28 pm By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, announced last week the launch of its new marketplace for financial institutions. According to Mambu, the marketplace offers a choice of global and localized solutions which can be seamlessly integrated with the SaaS engine to rapidly address evolving… Read More

April 10, 2018 @ 2:03 pm By Samantha Hurst  |  

Best Egg, the consumer lending brand of Marlette Funding, LLC, announced on Tuesday it has formed a strategic partnership with Invoice2go, a mobile app for small business owners and contractors to track work and get paid through invoicing, expense management, and online payments. This news… Read More

April 10, 2018 @ 11:12 am By Erin Hobey  |  

It’s raining exits for leading global equity crowdfunding platform OurCrowd. The Israeli platform two celebrated two portfolio in the last twenty four hours: Invertex will be acquired by Nike and JUMP is to be acquired by Uber. These two exits now the total of OurCrowd portfolio companies… Read More

April 10, 2018 @ 9:08 am By JD Alois  |  

During the 2018 LendIt Fintech conference in San Francisco this week, SeedInvest CEO Ryan Feit delivered a presentation on the current state of securities regulations in regards to initial coin offerings (ICOs). Until recently, much of the ICO activity in the US was completed in… Read More

April 9, 2018 @ 2:54 pm By Samantha Hurst  |  

Atlanta-based fintech direct loan provider, LendingPoint, announced on Monday it is set to accept loan payments and disburse loans through debit cards thanks to its agreement with TabaPay.  LendingPoint reported it will allow borrowers to use debit cards for loan payments they make online or over… Read More

April 9, 2018 @ 2:44 pm By Erin Hobey  |  

CapitalRise.com, the online property finance marketplace, has successfully closed Farrier’s Way, its fastest investment raise to date, with two-thirds of investors using the ISA to benefit from tax free returns. The investment proved incredibly popular and the full amount of £1.4 million was funded by… Read More

April 9, 2018 @ 2:31 pm By Samantha Hurst  |  

Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced on Monday it has launched a new business debit card product to service its growing client base.   Lendr reported that the ability to fund business owners in… Read More

April 9, 2018 @ 1:46 pm By Samantha Hurst  |  

On Monday, new CEO of SoFi, Anthony Noto, announced on Twitter that the online lender has surpassed 500,000 in members. This news comes less than a month after Noto assumed his new role at the online lender’s team. Noto confirmed the exciting membership growth news by… Read More

April 9, 2018 @ 1:37 pm By Erin Hobey  |  

FrontFundr, the leading Vancouver-based Canadian online investing platform, utilizes its online exempt market dealer (EMD) status plus its modern technology to enable users across Canada to invest in innovative growth businesses in under 12 minutes and starting from $250. “We are pleased to announce that… Read More

April 9, 2018 @ 12:51 pm By Erin Hobey  |  

Online lender Lendio has reportedly facilitated nearly $60 million in loans through its lender turndown program. Lendio’s lender turndown program allows lending partners to offer a marketplace of loan options to customers that do not fit the lender’s credit box; this allows lenders to turn a… Read More

April 9, 2018 @ 12:50 pm By Samantha Hurst  |  

Marlette Funding, LLC, the owner of consumer lending platform Best Egg, announced on Monday the year-end results and key accomplishments for first quarter 2017. According to Marlette Funding, during the past year, Best Egg experienced origination growth of 66%, significantly reduced its customer acquisition costs,… Read More