Investment Platforms and Marketplaces

August 4, 2016 @ 9:54 pm By Erin Hobey  |  

Seeking to spark demand for its consumer debts arranged online, Lending Club (NYSE:LC) is said to be in talks with Western Asset Management Co. to set up a fund to purchase as much as $1.5 billion of loans over time, reported Bloomberg. An unidentified person familiar… Read More

August 4, 2016 @ 4:35 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced on Thursday it has officially surpassed the $100 million in closed commercial real estate loans with the completion of $15.25 million in recently closed loans. According to CEO and founder of Money360, Evan Gentry, much of… Read More

August 4, 2016 @ 3:58 pm By Samantha Hurst  |  

On Thursday, small business lending platform Lendio announced it has officially raised $250 million in funding for over 10,000 small businesses. The company also unveiled second quarter results, which reportedly showed the website facilitated over $55 million in funding to small businesses during the time period, which… Read More

August 4, 2016 @ 2:44 pm By JD Alois  |  

Prosper, a leading marketplace lending platform, is in the midst of negotiating a huge $5 billion deal to purchase Prosper loans.  This is according to a post in WSJ.com. Buyers include some pretty prominent names like Soros Fund Management, Fortress Investment Group and Third Point…. Read More

August 4, 2016 @ 11:08 am By Samantha Hurst  |  

Last week, the team at Zopa announced they have officially moved from their Chancery Lane office to the peer-to-peer lending platform’s new location in London Bridge. The company shared in a blog post: “This office move is much more than a location change: it’s a statement that Zopa… Read More

August 4, 2016 @ 10:58 am By Samantha Hurst  |  

On Thursday, Indiegogo announced five key ways organizers to build an audience for their crowdfunding campaigns. The global crowdfunding platform revealed most campaigns should have at least 30% of their goal already funded before they even launch. The website noted: “Gaining momentum and raising funds will… Read More

August 4, 2016 @ 12:28 am By JD Alois  |  

Funding Societies, a Singapore-based “peer to business” lending marketplace, has raised a respectable S$ 10 million in a Series A funding round.  The investment was led by Sequoia India, part of the legendary Sequoia VC group. Funding Societies believes this is the largest investment in… Read More

August 3, 2016 @ 4:19 pm By Samantha Hurst  |  

Online business marketplace lender ThinCats announced earlier this week that it has partnered with investment platform operator DomaCom for loan deals. This collaboration will reportedly provide a greater scope for exposure to property and loan opportunities. DomaCom, which will soon be considered as a crowdfunding service, announced on Friday… Read More

August 3, 2016 @ 1:37 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform, Marlette Funding, announced the closing of its first proprietary “MFT” securitization. The company reported that approximately $205 million of Best Egg collateral was financed through three classes of notes and one class of certificates with the loan sellers retaining a portion… Read More

August 3, 2016 @ 9:32 am By JD Alois  |  

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

August 2, 2016 @ 4:05 pm By Samantha Hurst  |  

Over the weekend, Kickstarter hosted its 2016 Summer Festival in Brooklyn’s Greene Park. The free event celebrated creativity and featured art, food, games and more from the Kickstarter community, including: A life-sized game of Exploding Kittens  Guided virtual reality meditation on Oculus Rift Royal Palms Shuffleboard fun… Read More

August 2, 2016 @ 3:10 pm By Samantha Hurst  |  

Crowdfunding portal for cannabis and digital startups, CrowdGather, Inc.(OTCQB:CRWG), announced on Tuesday it has expanded its advisory board in anticipation of cannabis operation expansion. Ben Larson and Carter Larson, co-founders and managing partners of Gateway Incubator, have been selected for the new positions. Larson is currently director and… Read More

August 2, 2016 @ 2:11 pm By Samantha Hurst  |  

Crowdfunding platform for music PledgeMusic has appointed former Sony Music executive, Adam Lekach, as its new senior vice president of marketing. Lekach has held various music positions and was recently vice president of media and partnerships at Mexican Summer. This news comes just as the website finalizes its NoiseTrade and… Read More

August 2, 2016 @ 10:54 am By Samantha Hurst  |  

On Tuesday, Indiegogo alum, ieCrowd, announced the launch of its Crowdfunder equity crowdfunding campaign. The company’s key focus is to bring health innovations to the marketplace and its previous Indiegogo campaign was dedicated to its DEET-free mosquito repellent, Kite Shield. The company revealed: “ieCrowd’s commercialization process… Read More

August 2, 2016 @ 10:26 am By JD Alois  |  

Title III or Reg CF crowdfunding holds great potential to provide access to capital for smaller companies but also includes multiple shortcomings. The woefully small funding cap and the hobbled rules stapled on by regulators have created a securities exemption that is ok but could… Read More

August 2, 2016 @ 9:42 am By JD Alois  |  

Propel(x), an online angel investment platform for science and tech startups, has announced the launch of the Propel(x) Channel program.  The platform also revealed its first channel partner, Breakout Labs, a seed-stage fund for science startups that operates out of the Thiel Foundation. Breakout Labs conducts… Read More

August 2, 2016 @ 8:08 am By JD Alois  |  

GLI Finance Limited (LSE:GLIF) has announced the hiring of two senior executives.  Russell Harte has been appointed Chief Operating Officer and Steven Simpson has been selected as the Head of Group IT. Andy Whelan, CEO of GLI, released a statement on the addition of the two… Read More

August 1, 2016 @ 4:54 pm By Samantha Hurst  |  

Last week, UK peer-to-peer lending platform, Orchard Lending Club, officially launched and is now offering investors the opportunity to earn up to 7.08% interest per annum over a five-year period by lending finance to creditworthy professional practices and schools and their clients. Orchard Lending Club is… Read More

August 1, 2016 @ 1:23 pm By Samantha Hurst  |  

Last week, Crowdcube caught up with CEO of GoHenry, Alex Zivoder, who revealed why he decided to invest in the equity platform during its latest crowdfunding round. Crowdcube launched its campaign a few weeks ago and quickly raised over $6.7 million from 3234 investors. It was the… Read More

August 1, 2016 @ 11:59 am By Samantha Hurst  |  

With the 2016 Gen Con set to kick off in Indianapolis this Thursday, crowdfunding platform Kickstarter announced its lineup for the board game convention. The funding website revealed that it has teamed up with Cards Against Humanity to host a range of board games for… Read More