Investment Platforms and Marketplaces

December 22, 2016 @ 9:04 am By Samantha Hurst  |  

On Thursday, Bizfi announced it hit a new milestone by surpassing $2 billion in financing, through both growth and working capital, to more than 35,000 small businesses across America. Launched in 2015, Bizfi’s marketplace provides small business owners with access to multiple finance options from over… Read More

December 22, 2016 @ 9:00 am By JD Alois  |  

Insurtech firm Lemonade launched in September as a “full stack insurance carrier” in the state of New York. Today, Lemonade is preparing to offer insurance to 97% of US citizens by filing for licenses in 46 states and the District of Columbia to offer homeowners/renters insurance…. Read More

December 22, 2016 @ 5:58 am By JD Alois  |  

  Four primary investment funds have signed agreements with Credimi, an Italy-based online lending platform. The funds have subscribed the entire portfolio of (performing) commercial credits originated by the invoice financing platform in the first year. Credimi is the first fintech company authorized by Bank of Italy… Read More

December 21, 2016 @ 1:10 pm By JD Alois  |  

Total US revolving debt (think credit cards and more) is nearing $1 trillion. This sector of credit is growing rapidly at around 7% a year. Simultaneously, there is an emerging generation of consumers that is highly mobile, technologically savvy, and extremely skeptical of traditional financial… Read More

December 21, 2016 @ 12:53 pm By Samantha Hurst  |  

On Wednesday, Kiwi-based crowdfunding platform Sportfunder announced it formed a partnership with Australian funding portal Pozible as it prepares to expand its Asia-Pacific region exposure. Sportfunder, which was founded in 2012 by Craig Williamson, is an international crowdfunding platform that is designed to specifically assist… Read More

December 21, 2016 @ 12:06 pm By JD Alois  |  

Fundrise has morphed from a single property crowdfunding platform to a diversified real estate investment marketplace with the launch of their eREIT offerings. Fundrise has gone back to their Reg A roots by leveraging the updated securities exemption allowing any investor the option to purchase… Read More

December 21, 2016 @ 11:35 am By Samantha Hurst  |  

Just a couple of weeks after the devastating fire at Oakland’s Ghost Ship warehouse that claimed the lives of nearly 40 people, two campaigns on crowdfunding platform YouCaring that are dedicated to the victims of the events have raised more than $1.3 million. As previously… Read More

December 21, 2016 @ 11:16 am By Samantha Hurst  |  

Peer-to-peer lender ThinCats announced on Wednesday it appointed Jill Sandford and Damon Walford to the board of directors. According to the lender, both Sandford and Walford will be responsible for driving business growth, with a specific focus on originating loans and broadening the platform’s network… Read More

December 21, 2016 @ 10:26 am By Samantha Hurst  |  

Zopa announced on Tuesday it was named a winner at both the AltFi Awards and F5 Awards. The peer-to-peer lender revealed it took home a number of prizes at AltFi and was dubbed Best P2P Lending Platform at the F5 awards. Sharing more details about the AltFi… Read More

December 21, 2016 @ 9:15 am By Samantha Hurst  |  

Nonprofit crowdfunding platform RallyUp announced on Wednesday it was selected as the technology partner for new fundraising campaign, Nothing But Nets. This news was revealed on the heels of the funding portal’s successful $7 million online fundraising campaign on behalf of Nike and the Michael J…. Read More

December 21, 2016 @ 7:56 am By JD Alois  |  

Lemon Way Claims Valuation of €65 Million French Fintech firm Lemon Way says it is continuing to experience “spectacular growth” announcing that it will exceed €900 million of flows processed (inbound and outbound) during 2016, compared with €344 million in 2015 and €113 million in… Read More

December 21, 2016 @ 6:41 am By JD Alois  |  

  RateSetter, a leading UK peer to peer lending platform, has completed the sale of £2.1 million of non-performing debt. RateSetter sold the assets t 1st Credit, a debt purchaser.  Exact terms of the transaction were not revealed but RateSetter said it was the first… Read More

December 20, 2016 @ 3:12 pm By Samantha Hurst  |  

On Tuesday, crowdfunding platform GoFundMe announced the winner of its #GoBeyond Giving Challenge. The contest was launched last month on the funding portal for those in need, community improvement projects, or a charity. The $10,000 donation will go to Two Rabbits, a nonprofit international preschool program… Read More

December 20, 2016 @ 1:24 pm By JD Alois  |  

Online lender for short-term property finance LendInvest, will launch a new auction finance product to help brokers and borrowers prepare for the forthcoming 2017 auctions. The auction finance product is designed for borrowers that need their deals to be fast-tracked by their lender. Matthew Tooth,… Read More

December 20, 2016 @ 12:01 pm By JD Alois  |  

KPMG, along with AltFi data, has published a new report on alternative lending in Europe. KPMG also sourced data from the most recent Cambridge Centre for Alternative Finance report. The document, entitled Alternative Lending Market Trends in Continental Europe 2016, provides an interesting snapshot of… Read More

December 20, 2016 @ 10:25 am By Samantha Hurst  |  

On Tuesday, Indiegogo announced it teamed up with manufacturing and supply-chain advisory firm, Riverwood Solutions. While sharing details about the new partnership, the global crowdfunding platform stated: “For first-time entrepreneurs—or even business veterans—manufacturing a hardware product can seem overwhelming, but it doesn’t have to be. That’s… Read More

December 20, 2016 @ 9:00 am By JD Alois  |  

Two Year Patent Troll Case Ends in Triumph as Gust Refuses to Settle in “Giant Win” for Crowdfunding Industry. Gust, the “world’s largest community of entrepreneurs and early-stage investors”, has won a huge victory in court that impacts the entire crowdfunding industry. Today Gust announced the… Read More

December 20, 2016 @ 6:29 am By Erin Hobey  |  

This time of year is a natural time of reflection for most, and the fintech industry isn’t an exception.  This week SyndicateRoom co-founder Tom Britton posted his year review comments, summarizing 2016 as a year of radical change, “politically, economically and socially.” “Brexit, Trump, the Italian… Read More

December 20, 2016 @ 5:17 am By Erin Hobey  |  

PrimaryBid, an online crowdfunding platform that enables investors to gain access to equity capital raises of AIM-listed companies, has facilitated £30 million in crowdfunding during 2016. In its first year of operation, since the formal launch in March 2016, the platform has undertaken 14 crowdfunding transactions for publicly quoted… Read More

December 19, 2016 @ 5:10 pm By Samantha Hurst  |  

Indiegogo recently announced its schedule for the Consumer Electronics Show (CES) 2017. The event will be held in Las Vegas on January 5th-8th. The global crowdfunding platform revealed in its “Indiegogo Zone” its team will offer one-on-one business coaching sessions and a talk shop with entrepreneurs… Read More