Investment Platforms and Marketplaces

August 8, 2017 @ 1:44 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that loan approval rates at big banks ($10 billion-plus in assets) increased to a new post-recession high in July 2017 and the loan approval percentages of institutional investors also set a new… Read More

August 8, 2017 @ 12:28 pm By Samantha Hurst  |  

Financing military veteran-owned small businesses lender StreetShares announced appointed former Capital One Senior Vice President of Small Business, Heather Tuason, as its new Chief Product Officer. According to StreetShares, in her role as Chief Product Officer, Tuason will accelerate the growth of StreetShares lending and investment products… Read More

August 8, 2017 @ 11:05 am By Samantha Hurst  |  

ThinCats, an alternative lending industry leader, announced on Tuesday it has received full authorization by the Financial Conduct Authority (FCA). According to the online lender, the approval highlights its commitment to protecting consumers and also developing the alternative finance industry as a vital source of capital… Read More

August 8, 2017 @ 8:55 am By JD Alois  |  

London-based investment manager, Downing LLP, has added Sean Moore, previously of Green Investment Bank, to its growth and energy investment team. In his new role, Moore will join the 35-strong investment team at Downing to build deal origination, with an emphasis on both growth and energy… Read More

August 7, 2017 @ 6:28 pm By JD Alois  |  

LendingClub (NYSE:LC) held their Q2 earnings call today and it was by far the most positive report delivered in multiple quarters.  Growth has returned to the marketplace lending club as originations rose in Q2 as did top line revenue. LendingClub upped guidance for Q3 and… Read More

August 7, 2017 @ 4:26 pm By JD Alois  |  

LendingClub (NYSE:LC) is out with Q2 numbers and the marketplace lending platform is showing a top line increase for the quarter and for the first half of the year. Loan originations in Q2 increased versus same quarter year prior as well. During Q2 top line… Read More

August 7, 2017 @ 3:40 pm By Samantha Hurst  |  

On Monday, Indonesia-based peer-to-peer lending platform UangTeman announced it successfully secured $12 million during its Series A funding round, which was led by K2 Venture Capital, with participation from STI Financial Group and Draper Associates. Launched in April 2015, UangTeman describes itself as an online lending… Read More

August 7, 2017 @ 1:16 pm By Samantha Hurst  |  

On Monday, online lender OnDeck released its second quarter 2017 financial results, which revealed a significant narrow quarterly loss along with providing an update regarding the lender’s ongoing $45 million cost rationalization plan, and reaffirmed it is on track to achieve GAAP profitability by the end of 2017…. Read More

August 7, 2017 @ 11:58 am By JD Alois  |  

Prosper Marketplace, one of the largest marketplace lending platforms in the US, is reportedly raising capital again at a significant decline to previous valuations. According to a report in the Information, Prosper is raising equity capital at a valuation of $550 million. This represents a… Read More

August 7, 2017 @ 10:40 am By JD Alois  |  

CoinList is an ICO Platform Backed by AngelList Protocal Labs is reporting it has raised $52 million in an “Advisor Sale” of its Filecoin token. The Initial Coin Offering is (ICO) is live now and open for investment by accredited investors. Protocol Labs was founded in… Read More

August 7, 2017 @ 8:47 am By JD Alois  |  

Peer to peer lender  Fellow Finance has added a new invoice financing option for SMEs in search of finance. Fellow Finance, which is based in Finland, said this move established their company as the most comprehensive crowdfunding platform in Europe for long-term business loans and… Read More

August 7, 2017 @ 8:10 am By Therese Torris  |  

A new entrant in German online real estate lending, iFunded wants to address the market of larger property development projects that lie beyond the scope of real estate crowdfunding. Partnering with umbrella investment bank NFS Netfonds Financial Service, the platform is launching its first €10… Read More

August 6, 2017 @ 8:51 am By JD Alois  |  

Here is something we do not read too often. New Zealand based equity crowdfunding platform Snowball Effect has recorded a profit for the year ending March 2017. According to multiple reports, Snowball Effect posted net earnings of $12,404 versus a loss of $76,428 for the… Read More

August 6, 2017 @ 8:00 am By Erin Hobey  |  

From June 7-9 Utrecht School of Economics (U.S.E.) hosted the inaugural Crowdfunding research week of the European Centre for Alternative Finance (ECAF), co-organized by U.S.E., CrowdfundingHub and Sustainable Finance Lab. 37 researchers from seven European countries spanning 21 organisations contributed to the successful event. The… Read More

August 4, 2017 @ 2:07 pm By Erin Hobey  |  

Camden Highline has raised £63,980K on Spacehive, almost double its initial target a month after beginning its crowdfunding campaign. The campaign benefitted from a wave of support from the Mayor of London Mayor of London Sadiq Khan and Camden Market, who joined over 300 residents, community… Read More

August 4, 2017 @ 12:56 pm By JD Alois  |  

Real estate investment crowdfunding site Small Change has closed its first real estate offering available to everyone – not just accredited investors. Small Change is a platform with a mission to build better cities. The company said the real estate offer using the new “Regulation… Read More

August 4, 2017 @ 12:15 pm By Samantha Hurst  |  

investFeed, a community-powered stock trading network, announced on Friday it is rolling out the first version of its cryptocurrency-based social investment platform. The roll out of investFeed’s social investment platform comes just a couple weeks after the company launched its Token Generation Event (TGE), which is still live… Read More

August 4, 2017 @ 10:52 am By Erin Hobey  |  

Readers may remember that last March, after receiving keen investor interest for its Reg CF offer, Legion M launched a Reg A+ crowdfunding round to raise a minimum amount of $500,000 on Wefunder, the first Reg A+ offer to be listed on the prominent investment… Read More

August 4, 2017 @ 10:18 am By Erin Hobey  |  

Maybe you remember (or are still trying to forget) doing the Hokey Pokey at a distant cousin’s wedding or at your local roller skating rink… But this Hoke Poke may sound the same, but thankfully, is much different.  Offering a fast-casual restaurant that brings a fresh… Read More

August 4, 2017 @ 8:35 am By Samantha Hurst  |  

Indiegogo, announced on Thursday the launch of its newly revamped Entrepreneur hub. The global crowdfunding platform stated that the hub is designed to enhance the campaigner experience through resources and education materials. According to the funding portal, Indiegogo for Entrepreneurs will be home to an online… Read More