Investment Platforms and Marketplaces

October 17, 2016 @ 3:04 pm By Erin Hobey  |  

The Federal Trade Commission announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on 26 October at the Constitution Center auditorium, located at… Read More

October 17, 2016 @ 1:25 pm By JD Alois  |  

Republic, the Reg CF crowdfunding platform related to AngelList, has had its first successful funding round.  Youngry, described as the ESPN for entrepreneurship, successfully completed its equity crowdfunding offer topping its goal by 130%. Youngry successfully raised $65,920 from 143 investors in its 75 day crowdfunding… Read More

October 17, 2016 @ 8:07 am By Samantha Hurst  |  

On Monday, equity crowdfunding platform Seedrs announced it is continuing its European expansion by opening an office in Berlin. The location will reportedly bring the Germany, Austria, and Switzerland (DACH) deal flow to the funding portal. Speaking about the new office, Jeff Lynn, CEO and co-founder of Seedrs, stated:… Read More

October 16, 2016 @ 12:36 pm By JD Alois  |  

Late last year, FlashFunders co-founder and CEO Vincent Bradley stated in an interview; “The recent passing of Title III is a clear sign that the SEC believes this industry is a viable solution for companies to raise capital. By creating further regulatory processes in regards to… Read More

October 16, 2016 @ 10:29 am By JD Alois  |  

CircleBack Lending has stopped making loans. This is according to a report by Bloomberg. The online lender said that funding had vaporized as some borrowers failed to repay their loans.  CircleBack provides unsecured consumer credit for loans from $3000 to $35,000. Michael Solomon, CEO and co-founder… Read More

October 15, 2016 @ 10:27 am By Samantha Hurst  |  

Earlier this week, CEO of peer-to-peer lending platform Zopa Jaidev Janardana took to the stage of the marketplace lending conference, LendIt Europe, to share details about the industry’s growth and development over the past year. During his keynote speech, “2016: Growing Up,” Janardana noted despite… Read More

October 14, 2016 @ 5:07 pm By JD Alois  |  

Siddhartha Jajodia, Lending Club‘s Chief Investment Officer, has forwarded a letter to the platform’s investor’s updating the key stakeholders on credit and interest rate changes. The letter from Lending Club (NYSE:LC) was disclosed in an 8-K filed with the SEC today (October 14, 2016). In… Read More

October 14, 2016 @ 4:22 pm By Samantha Hurst  |  

Real estate crowdfunding platform, Wealth Migrate, announced on Friday it placed top 3 at the first annual African Fintech Awards, which was held on Thursday at the Sandton Convention Center. The new event notably celebrates innovators in finance and acknowledges the work they do to make a… Read More

October 14, 2016 @ 1:55 pm By Samantha Hurst  |  

Following the release of LendInvest’s latest financial results, co-founder Christian Fae announced the investment platform’s latest updates. Faes also revealed more details about the platform’s growth and development: “We built an online investment platform where people could invest their money in property loans, hand-picking their… Read More

October 14, 2016 @ 12:33 pm By Samantha Hurst  |  

On Friday, equity crowdfunding platform Crowdcube announced it was named the winner of the 2016 Money Age Awards’ Innovation in Consumer Finance award. The funding portal revealed on Twitter the exciting news: Very proud to say team @Crowdcube won the ‘Innovation in Consumer Finance’ award at… Read More

October 14, 2016 @ 10:55 am By Samantha Hurst  |  

On Friday, Staples announced it has teamed up with pop sensation Katy Perry to help hundreds of teachers through its new 2016 student program. The company revealed that the program, which debuted earlier this year, has already fulfilled $1 million in classroom projects through DonorsChoose…. Read More

October 14, 2016 @ 10:32 am By JD Alois  |  

Affirm has received a $100 million lending facility from Morgan Stanley. Affirm will use the new capital to expand its Point of Sale (PoS) financing to more retailers. The company stated it expects to triple its loan volume for the year. Affirm was launched by… Read More

October 14, 2016 @ 10:10 am By Samantha Hurst  |  

Real estate marketplace lending platform Money360 announced earlier this week it has provided a $6 million permanent loan for the refinancing of a single-tenant industrial building that is located in Bryan, Texas. According to the lending portal, the new permanent loan will allow the borrower to… Read More

October 14, 2016 @ 8:50 am By Samantha Hurst  |  

On Thursday, Kickstarter announced it is set to host its very own “Ghost Arcade” Games Festival at BRIC in Fort Greene Brooklyn on October 29th. The reward-based crowdfunding platform stated that visitors would get to experience both video and table games from New York-based creators…. Read More

October 13, 2016 @ 5:12 pm By Samantha Hurst  |  

On Thursday, GoFundMe announced it was dubbed #1 place to work among medium companies on Fortune’s List of Best Workplaces. The crowdfunding platform stated that Fortune’s partner, Great Place to Work, evaluated each company on the list based on key qualities, which are a sense of… Read More

October 13, 2016 @ 9:56 am By JD Alois  |  

Goldman Sachs’  long-anticipated online lending platform labeled Marcus has launched for users who received a special code by mail.  The Fintech platform is poised to challenge established marketplace lending platforms such as Prosper and Lending Club by offering consumers a chance to refinance onerous credit… Read More

October 13, 2016 @ 9:51 am By Samantha Hurst  |  

FundedByMe Malaysia, one of the six equity crowdfunding operators approved in Malaysia, announced its second equity crowdfunding campaign was launched for iTalent Management. The iTalent Management- Enterprise Digital HR Automation campaign made its debut on the equity crowdfunding platform on October 7th. iTalent is described as an… Read More

October 13, 2016 @ 8:58 am By Samantha Hurst  |  

Online commercial mortgage marketplace lender, LendInvest, announced on Thursday it appointed Willem Wellinghoff as its new VP of Compliance. Wellinghoff will reportedly be responsible for leading the compliance function, setting and maintaining LendInvest’s compliance and risk management strategy. According to LendInvest, Willem has served as a… Read More

October 13, 2016 @ 8:37 am By JD Alois  |  

Lending Works, a consumer peer to peer lending platform, has received full authorisation by the Financial Conduct Authority (FCA).  Lending Works said it had originally applied for FCA approval in October of 2015 and had undergone a “stringent review process”. Lending Works has been operating… Read More

October 13, 2016 @ 5:36 am By Erin Hobey  |  

With just a few hours remaining on its SyndicateRoom crowdfunding campaign, the UK independent film The Bromley Boys produced by ItchyFishFilm has secured over £509,000 from over 38 investors for 50% equity offered toward its £640,000 goal to support production for the film. £305,000 has been fronted by the film’s… Read More