Investment Platforms and Marketplaces

March 6, 2017 @ 10:23 am By Samantha Hurst  |  

Canadian marketplace lending platform LendingArch announced on Monday launch of its new, real-time point of sale loan service for Canadian medical clinics and their patients. According to LendArch, patients may now apply for LendingArch’s point of sale financing either from their home or directly at a clinic location… Read More

March 6, 2017 @ 8:13 am By Samantha Hurst  |  

loanDepot announced on Monday the launch of its proprietary digital lending platform, mello, which is part of an $80 million investment in technology over the last 18 months. According to the online lender, the new platform is an end-to-end technology solution designed to scale with the… Read More

March 6, 2017 @ 7:30 am By JD Alois  |  

LendInvest, an online property finance marketplace, is demanding the government to revise its treatment of small and medium-sized property investment and development companies. Noting that four in five SMEhouse builders have disappeared since last housebuilding boom, LendInvest is calling on the government to recognize the… Read More

March 6, 2017 @ 7:14 am By JD Alois  |  

Stuart Law, CEO and co-founder of P2P lender Assetz Capital, expects a boost for the peer to peer lending sector in the upcoming budget. Specifically, Law believes a small business tax rise and IFISA rule change could boost the online lending sector. “In just a few… Read More

March 6, 2017 @ 6:59 am By JD Alois  |  

Patch of Land Prepares to Add Lending Products for $6 trillion Single-Family Rental Market. Patch of Land, an online real estate marketplace lender and crowdfunding platform, has announced the hiring of Matthew Zall as Chief Investment Product Officer. The new executive was added to the… Read More

March 6, 2017 @ 6:42 am By JD Alois  |  

Trillion Fund, a peer to peer lending and crowdfunding platform that also offers white label services is up for sale. The company announced today that it was putting all assets on the auction block. Trillion Fund initially launched as a renewable energy investment platform but… Read More

March 6, 2017 @ 2:31 am By JD Alois  |  

Investment crowdfunding platform Seedrs has released a new service that provides investors the ability to access their individual portfolio Internal Rate of Return (IRR). Seedrs described the feature as a pioneering first for the crowdfunding industry. The new service launches today and will be rolled… Read More

March 5, 2017 @ 10:45 am By JD Alois  |  

Money360 is experiencing rapid growth in the marketplace lending sector for real estate. Recently Money360 announced it had surpassed $200 million in commercial real estate loans after exceeding $100 million last August. Money360 expects to top $500 million in real estate financing by the end… Read More

March 5, 2017 @ 8:37 am By JD Alois  |  

Dubai-based Beehive has become the first peer to peer lending platform to be authorised and regulated by the Dubai Financial Services Authority (DFSA) Beehive reports that the new regulation is a first for the region and may catalyze sector growth of the Fintech industry. Beehive said… Read More

March 3, 2017 @ 2:23 pm By Samantha Hurst  |  

Real estate crowdfunding platform RealtyShares announced on Friday it completed its first full stack capital transaction, securing both debt and equity financing totaling $5.9 million, for the acquisition of Courtship Village, a 132-unit garden style apartment complex in Lancaster, Ohio. The property acquisition was led by Hamilton… Read More

March 3, 2017 @ 12:52 pm By Samantha Hurst  |  

Crowdfunding platform Crowdfunder announced on Thursday it has formed a partnership with virtual startup Pinkubator to provide support for women-led/focused entrepreneur businesses. The duo revealed that the partnership aims to streamline start-to-finish business processes for entrepreneurs. From accessing Pinkubator’s membership services, which includes national mentorship… Read More

March 3, 2017 @ 12:01 pm By Samantha Hurst  |  

Digital transaction company eOriginal announced on Thursday it has joined the Marketplace Lending Association (MLA), which promotes a transparent, efficient, and customer-friendly financial system by supporting growth of the marketplace lending industry. Speaking about the company joining the association, eOriginal’s President and CEO, Stephen Bisbee, stated:… Read More

March 3, 2017 @ 11:25 am By JD Alois  |  

Lending Club (NYSE:LC) has was a significant court victory regarding its ability to compel arbitration. The case Bethune v. LendingClub Corp. was filed in the Souther District Court of New York in 2016. The issue pertained to the interest rate a New York resident was being charged… Read More

March 3, 2017 @ 10:52 am By JD Alois  |  

Online lending platform UpStart has raised $32.5 million led by Rakuten, a Japanese conglomerate that has been pushing into Fintech, and a large “US-based Asset manager”. Existing investors Third Point Ventures, Khosla Ventures, and First Round Capital also participated in the funding round. Oskar Mielczarek de… Read More

March 3, 2017 @ 10:37 am By Samantha Hurst  |  

Crowdfunding giant Kickstarter announced on Thursday it is teaming up with True/False Film Festival to bring childcare to the 2017 event. The True/False Film Festival described as an event that offers a four-day weekend of creative placemaking in which filmmakers, artists, musicians and others in… Read More

March 3, 2017 @ 9:56 am By JD Alois  |  

Investment crowdfunding platform StartEngine has just closed its third $1 million funding round under Reg CF. ElliptiGO is the third company in the last three months to reach $1 million crowdfunding cap on StartEngine. Under Reg CF, companies may raise up to $1 million online… Read More

March 3, 2017 @ 9:50 am By Samantha Hurst  |  

On Thursday, Indiegogo announced new campaign categories. The global crowdfunding platform revealed that this update helps backers to discover projects easier. “Today we are thrilled to announce that we are updating project categories on Indiegogo. In the past 9+ years, we’ve grown from helping independent filmmakers bring… Read More

March 3, 2017 @ 8:08 am By JD Alois  |  

The Innovative Finance ISA or IFISA has been heralded by many in the P2P lending sector as a boon for the industry. Investors now have the ability to participate in P2P loans while benefiting from the tax deferred nature of ISAs. Yet the Financial Conduct… Read More

March 2, 2017 @ 6:16 pm By JD Alois  |  

Finnest, an SME or “Mittelstand spezialist,” is helping Austria-based Biogena to fund its expansion in Germany. Finnest is a new online lending platform that accepts both individual and institutional investors. Finnest allows investors the ability to lend money to smaller businesses in a rate-auction process. Investors… Read More

March 2, 2017 @ 4:50 pm By Samantha Hurst  |  

Nearly a year and a half after it became a public benefit corporation, crowdfunding platform Kickstarter released its 2016 public benefit corporation statement. A public benefit corporation is described as a corporation that performs a specific function for the benefit of the public. While sharing details about its… Read More