Investment Platforms and Marketplaces

August 9, 2016 @ 10:22 am By Erin Hobey  |  

It’s official.  AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has appointed Utsav Somani, who previously worked with LetsVenture, as an Advisor to spearhead its operations in India. In the blog post “Bringing AngelList to India”, Somani disclosed his new role… Read More

August 9, 2016 @ 9:46 am By Erin Hobey  |  

CapitalRise, the London-based property investing platform which was founded by property veterans Alex Michelin and Andrew Dunn of Finchatton and FinTech expert Uma Rajah, launched in July 2016, announces its second deal on prestigious Grosvenor Square, regarded as London’s most famous square. The project aims to… Read More

August 8, 2016 @ 4:36 pm By JD Alois  |  

Lending Club (NYSE:LC) has announced Q2 2106 financial results reporting almost $2 billion in loan originations. Comparing this quarter to the same quarter in 2015, originations increased by 2%.  Meanwhile losses accelerated with a negative $81.4 million being posted and an adjusted EBITDA of $30.1… Read More

August 8, 2016 @ 4:23 pm By JD Alois  |  

There is another shocking change of leadership at Lending Club (NYSE:LC), the largest marketplace lending platform in the US. Longtime CFO Carrie Dolan has resigned her role as Chief Financial Officer in what must be a significant blow to the online lender.  Dolan joined the… Read More

August 8, 2016 @ 2:37 pm By Samantha Hurst  |  

Last week, Mexican peer-to-peer lending platform, Kubo.Financiero announced it had secured $7.5 million during its Series A funding round, which was led by Bamboo Finance with participation from Endeavor Catalyst, Monex Grupo Financiero, KuE Capital, Tanant Capital, Javier Molinar, Alta Ventures Mexico Fund I, Capital Invent,… Read More

August 8, 2016 @ 2:04 pm By JD Alois  |  

LegionM is now the second Reg CF offer to hit $1 million. The offer was scheduled to close later this month but under the securities exemption, issuers may only raise up to $1 million. The first Reg CF offer to ring the million dollar bell… Read More

August 8, 2016 @ 12:38 pm By Samantha Hurst  |  

On Monday, marketplace lending platform, LendingUSA, announced it has appointed Brian Walby as its new vice president of sales. Walby previously worked as owner and managing director of RVC Consulting and has held executive and senior level positions at Experian Interactive Media and LendingTree. Sharing details… Read More

August 8, 2016 @ 11:46 am By Samantha Hurst  |  

Last week, property crowdfunding platform, Transcendent Real Estate (TRE), officially opened its doors for investors. The Manchester-based company currently offers direct equity investments in commercial real estate assets through the UK. Its first property is 43-45 Lever Street. The 13,182sq property is located at the… Read More

August 8, 2016 @ 10:07 am By Samantha Hurst  |  

On Sunday, Kickstarter announced its new Invent Newsletter, which is said to offer backers a way to stay up-to-date on invention projects, behind-the-scene stories and bold ideas from the design and tech pages. The funding portal stated the newsletter is a twice-a-month introduction of the… Read More

August 8, 2016 @ 9:51 am By JD Alois  |  

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

August 8, 2016 @ 8:47 am By JD Alois  |  

Title III of the JOBS Act created a new securities exemption that allowed equity crowdfunding for non-accredited investors. This new exemption, also called Reg CF, may be viewed as another step in the capital ladder to complement Title II of the JOBS Act (accredited crowdfunding)… Read More

August 7, 2016 @ 7:14 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, is scheduled to announce Q2 earnings tomorrow after the market closes on Monday (August 8). The executive team will be holding a conference call at 5PM ET (2PM PT). The financial performance of… Read More

August 5, 2016 @ 5:02 pm By Samantha Hurst  |  

On Friday, SEC-registered equity crowdfunding platform, Jumpstart Micro, announced it has officially opened and debuted three offerings for Axe Digital, TravelBook App, and Treycent. This launch comes just a few months after Title III of the Jobs Act went officially into effect. Offering up details… Read More

August 5, 2016 @ 3:45 pm By Samantha Hurst  |  

With the 2016 Summer Olympic Games set to kick off this evening in Rio de Janeiro, Brazil, crowdfunding platform GoFundMe announced more than $750,000 has been raised for athletes’ training and traveling costs. GoFundMe CEO Rob Solomon shared: “More and more, athletes and sports teams—from Little… Read More

August 5, 2016 @ 12:59 pm By Samantha Hurst  |  

Assetz Capital one of the UK’s largest peer-to-peer lenders, announced it is predicting that both savers and borrowers will continue to turn to alternative finance companies in increasing numbers as Bank of England slashes interest rates from 0.5% to 0.25%. The website reported, peer-to-peer lending platforms remain largely untouched… Read More

August 5, 2016 @ 10:49 am By Samantha Hurst  |  

On Friday, India-based peer-to-peer lending platform, i2iFunding, announced its new investor protection fund, Principal Protection Fund, which reportedly will allow investors to have 100% protection against loan defaults. Sharing details about the fund, Vaibhav Pandey, co-founder and CEO of i2ifunding, stated: “The principal protection fund is… Read More

August 5, 2016 @ 9:18 am By Erin Hobey  |  

In late July, Barcelona-based Capital Cell received Comisión Nacional del Mercado de Valores (CNMV) approval to operate as a “Participatory Financing Platform.” This authorization includes the capability to select and publish financing projects and also gives Capital Cell the right to operate as an investment… Read More

August 5, 2016 @ 8:36 am By Erin Hobey  |  

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

August 5, 2016 @ 8:05 am By JD Alois  |  

Singapore-based peer to peer lender Silver Bullion has shared an update following one year of operation. While Silver Bullion has been in operation since 2009 the company only starting offering secured lending in 2015. Silver Bullion was founded by Gregor Gregersen. Originally from Germany, prior… Read More

August 4, 2016 @ 10:37 pm By Erin Hobey  |  

Over 3118% funded. Since its launch last month, the San Francisco startup Andromium’s Kickstarter campaign has secured over $1,560,000 for The Superbook, a device that turns Android smartphones into laptops. Over 9,612 backers have subscribed to the idea, described as a smart laptop shell that consists of an 11.6″ HD screen, keyboard, and… Read More