Investment Platforms and Marketplaces

August 19, 2016 @ 8:11 am By Samantha Hurst  |  

Following the success of its recent self-running crowdfunding campaign, Crowdcube announced it now officially has 300,000 members on its funding portal. The website confirmed on Friday: “We’re excited to announce that our 300,000th member has joined Crowdcube. Our ever-growing crowd of everyday, sophisticated and high net… Read More

August 18, 2016 @ 4:57 pm By JD Alois  |  

Marketplace lending platform Prosper filed their 10-Q this past week reporting on platform operations. As one would expect, operations took a dip in Q2 posting a $35.6 million loss for the quarter.  In the same quarter of 2015, Prosper lost $6.2 million. In the three… Read More

August 18, 2016 @ 4:27 pm By Samantha Hurst  |  

On Thursday, online mortgage lender LendInvest unveiled its latest Buy-to-Let Index, which revealed that England’s Sunderland is the top postcode area for landlords who are letting properties to students.  The report observed specifically at 2016 average rental yields, the most important factor for landlords letting to students, in postcode areas… Read More

August 18, 2016 @ 2:21 pm By Samantha Hurst  |  

Seeking to help more campaign reach their funding goals, equity crowdfunding platform StartEngine recently announced the launch of its new Marketing Fund, which advances qualified companies up to $50,000 to put towards the marketing and promotion of their campaigns. The funding portal revealed: “We understand that… Read More

August 18, 2016 @ 11:27 am By Erin Hobey  |  

Oakland, CA-based Red Bay Coffee returned to the crowd and has secured a fresh $100K from over 116 investors on its Wefunder equity crowdfunding campaign, aiming to bring its beautiful coffee to more people. The revenue share:  Red Bay Coffee will pay investors 5% of net… Read More

August 18, 2016 @ 11:03 am By Samantha Hurst  |  

Ready to kick off the 2016-2017 school year, GoFundMe announced it was giving a $50 donations to education campaigns on its crowdfunding platform and announced it is offering a $10,000 grand prize the category’s initiatives. From now until September 16th, campaigns on GoFundMe that are… Read More

August 18, 2016 @ 10:30 am By Erin Hobey  |  

CAN Capital, a market share leader in alternative small business finance, has named Chris Moloney as its new Chief Marketing Officer. Moloney will lead the company’s marketing initiatives, product management and continue to build the CAN Capital brand as an innovator and supporter of small businesses. He will… Read More

August 18, 2016 @ 9:13 am By Samantha Hurst  |  

On Wednesday, Kickstarter announced a new feature that allows backers to follow their favorite project creators directly and be the first to know when upcoming projects launch. The crowdfunding platform stated that starting this week, backers will be notified when they’ve backed a project that’s just getting… Read More

August 18, 2016 @ 8:19 am By Samantha Hurst  |  

Squirrel Group, a mortgage broker and peer to peer lender, announced on Thursday the launch of its Secondary Market, which now allows loans to be on-sold to other investors. The lender revealed since its launch in November, the Secondary Market has been notably the most requested… Read More

August 17, 2016 @ 3:59 pm By Samantha Hurst  |  

With their Kickstarter album,  And The Anonymous Nobody…, set to be released on August 26th, hip-hop trio De La Soul unveiled their new Usher collaborated single, Greyhounds.  The group, which consists of Vincent Mason, David Jude Jolicoeur, and Kelvin “Posdnous” Mercer, took to the crowdfunding giant with a mission to raise… Read More

August 17, 2016 @ 3:39 pm By Samantha Hurst  |  

On Tuesday, Crowdcube success, The New Craftsmen, announced it has teamed up with famous fashion brand, Burberry, on Makers House, which is described as a temporary space in central London during London’s Fashion Week. Back in spring 2014, The New Craftsmen successfully raised £171,580 from… Read More

August 17, 2016 @ 12:33 pm By JD Alois  |  

Online lending platform Kabbage has announced several new hires, including a former Goldman Sachs executive.  Kabbage described the appointments “a decisive next step as the company continues to scale its global lending infrastructure.” The new hires include managers with IPO experience and may be precursor… Read More

August 17, 2016 @ 12:25 pm By Samantha Hurst  |  

This week, real estate crowdfunding platform RealtyShares announced $800,000 has been secured for the purchase of a retail center, Lincoln Center, located in Lincolnton, North Carolina. The funding portal revealed that it partnered with ProVest Properties to connect nearly 80 investors from across the U.S. to acquire… Read More

August 17, 2016 @ 9:47 am By Samantha Hurst  |  

Following the closing of its latest equity crowdfunding round, the team at Crowdcube announced they have successfully secured over £8 million from more than 3,700 crowd investors. Last month, Crowdcube launched the campaign and due to the size of the funding round, the equity crowdfunding platform had to… Read More

August 17, 2016 @ 9:29 am By Samantha Hurst  |  

On Tuesday, Kickstarter-supported The Creative Independent officially announced itself as it preps for its September launch. The company is described as a “growing” archive of the creative processes and is on a mission to help bring creative projects to life. The Creative Independent team revealed… Read More

August 17, 2016 @ 8:14 am By JD Alois  |  

Orchard has added a unique online lender to its Market Data product. ApplePie Capital, a company that provides access to capital for the franchise industry will now accept institutional investors via the Orchard service. ApplePie is the first online lender solely focused on the franchises…. Read More

August 16, 2016 @ 10:51 pm By JD Alois  |  

United Overseas Bank (UOB) based in Singapore has embraced the Fintech revolution. Instead of fighting the inevitable, UOB has formed a partnership with one of the most prominent investment crowdfunding platforms around. OurCrowd is based in Jerusalem but they operate across the globe. OurCrowd has just… Read More

August 16, 2016 @ 9:53 pm By JD Alois  |  

United Overseas Bank (UOB) is determined not to be just an observer in the Fintech revolution. UOB has recently begun conducting training sessions with over 100 bankers to update and educate them on alternative finance.  UOB wants its management to be well-versed in the most… Read More

August 16, 2016 @ 1:36 pm By Samantha Hurst  |  

Crowdfunding giant Kickstarter announced on Tuesday $100 million had been pledged to publishing projects since its debut in 2009. The  website confirmed: “Since we launched seven years ago, authors, publishers, book shops, poets, podcasters, and more have brought their creative projects to life with the… Read More

August 16, 2016 @ 1:21 pm By Samantha Hurst  |  

Lendified Holdings, Inc. (Lendified), a Canadian-based lending technology company, announced on Tuesday it received a $20 million credit facility from Liquid Capital Corporation to support the growth of its Canadian small business lending activities.  The online lender, which launched in early 2015, currently provides small businesses… Read More