Investment Platforms and Marketplaces

June 8, 2016 @ 9:30 am By Samantha Hurst  |  

On Wednesday, marketplace lending platform, Payoff, was announced to have adopted a fully digital financial transaction management solution with eOriginal and Millennium Trust Company. eOriginal revealed that PayOff approached it for a solution that empowered them to go beyond simple electronic signature functionality to enable asset sales… Read More

June 8, 2016 @ 8:06 am By JD Alois  |  

Reuters is reporting that former Lending Club CEO Renaud Laplanche is seeking financial backing to purchase Lending Club (NYSE: LC) and take it private. According to the report, Laplanche has been in discussions with various banks and private equity groups about financing a bid for the… Read More

June 8, 2016 @ 7:40 am By JD Alois  |  

SyndicateRoom has announced the launch of Fund Twenty8, a new investment fund designed to make investing in early stage companies easy and efficient. As we all know, portfolio diversification is key to capturing better returns. The company said the fund was available beginning today for… Read More

June 7, 2016 @ 8:56 pm By Erin Hobey  |  

KPMG and NASSCOM 10,000 Startups just released the new report Fintech in India, targeting key elements that are “creating transformational waves across the financial ecosystem in India” and have seen extensive usage across financial service institutions. Topics include essential themes to the fintech ecosystem such as next-generation payments, financial inclusion, P2P lending, robo… Read More

June 7, 2016 @ 3:00 pm By JD Alois  |  

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

June 7, 2016 @ 2:56 pm By Erin Hobey  |  

Three years, $11 million in venture funding and $1 million in loans later, online lender Vouch Financial is closing up shop, according to the Wall Street Journal.  The small online lender founded by serial entrepreneur Yee Lee in 2013, makes personal loans based on the premise… Read More

June 7, 2016 @ 2:14 pm By Samantha Hurst  |  

Nearly three years after launching its crowdfunding platform in the country of Canada, Kickstarter unveiled its current favorite Canadian projects. In September of 2013, the funding portal revealed its excitement of the Canadian launch by declaring: “We’re thrilled that Kickstarter is now available to creators in Canada…. Read More

June 7, 2016 @ 1:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has filed an 8K with the Securities and Exchange Commission (SEC) indicating it has raised interest rates once again in response to the evolving marketplace.  According to Lending Club, “Effective June 7, 2016, Lending Club’s platform interest rates are increasing to boost… Read More

June 7, 2016 @ 11:12 am By Samantha Hurst  |  

Online lender to SMEs, OnDeck (NYSE:ONDK), announced on Tuesday it is expanding its Accountant Advisor Program after hiring of new accountant relationship managers in three locations: Louisville, Kentucky, Miami, Florida and Mobile, Alabama. According to OnDeck, the Accountant Advisor Program is a state-of-the-art referral platform helping accounting… Read More

June 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot is “doubling down” on Lending Club. As the largest marketplace lending platform in the US fights back to regain its sea-legs, Lending Robot, a provider of analytical tools for retail investors in marketplace lending assets is launching a new feature to improve investor returns. Despite… Read More

June 7, 2016 @ 9:11 am By JD Alois  |  

Crowdcube is Leading the Charge on Raising the €5 Million Cap as More Established Companies Pursue Crowdfunding for Growth Capital Crowdcube is the largest UK investment crowdfunding platform having raised over £168 million in 412 funding rounds. Active investors now number more than 286,000 individuals with… Read More

June 7, 2016 @ 8:52 am By Samantha Hurst  |  

On Tuesday, global crowdfunding platform Indiegogo announced it has formed a new partnership with Newegg. The tech-focused e-retailer will now offer order fulfillment and promotional support to select campaigns on the funding portal. Sharing details about the new collaboration, David Mandelbrot, CEO of Indiegogo, stated: “We’re thrilled… Read More

June 6, 2016 @ 8:36 am By JD Alois  |  

88 Delicious Brands Limited listed an offer on Crowdcube back in 2013. The crowdfunding round had raised a substantial amount of funding before Crowdcube pulled the plug and removed the campaign.  Crowdcube states that no funds were taken or transferred via their platform. Apparently Alan Colton Jr.,… Read More

June 6, 2016 @ 8:09 am By JD Alois  |  

Investment crowdfunding platform Growthdeck has announced it has raised £1 million in seven weeks of operation. The bulk of this amount came from Pinkster Gin. Growthedeck said that at ten weeks that number now stands at £1.5 million and is indicative of solid growth. Growthdeck… Read More

June 5, 2016 @ 10:37 am By JD Alois  |  

Kikka, an Australian online lending platform with a model similar to Kabbage, has received an equity investment from FlexiGroup Limited (ASX:FXL). FlexiGroup has purchased a minority stake for $2 million with an option to increase its ownership in the future. Flexigroup will also provide a… Read More

June 4, 2016 @ 4:35 pm By JD Alois  |  

  Invesdor, an investment crowdfunding platform based in Helsinki, is targeting substantial platform growth during 2016.  Their  vision is to become the leading next-generation financial service provider for investors and private growth companies.  As summer nears, Invesdor stated they had eight live investment offers and… Read More

June 3, 2016 @ 9:41 am By JD Alois  |  

Crowdcube was the first investment crowdfunding platform to launch in the UK. Since 2011, the site has grown quite a bit having helped to finance hundreds of companies raising more than £165 million in the process. During this time, Crowdcube has tweaked and adjusted its… Read More

June 2, 2016 @ 4:39 pm By JD Alois  |  

Paul Niederer, former CEO of ASSOB, has been appointed CEO of Wealth Migrate’ Australian agency. Wealth Migrate is a global real estate crowdfunding platform. Niederer is a well-known proponent of internet finance having traveled the world on behalf of ASSOB – an early pioneer of… Read More

June 2, 2016 @ 4:23 pm By Samantha Hurst  |  

On Thursday, Crowdcube announced the launch of Crowd10, a new initiative from the funding platform’s affiliate, IdeaSquares. The website stated that the program is seeking to support 10 of the region’s startups in raising up to £150,000 of Seed Enterprise Investment Scheme (SEIS) investment. Founder and CEO of IdeaSquares,… Read More

June 2, 2016 @ 2:36 pm By Erin Hobey  |  

Dukes of Hazzard beware. The White Bronco? No match for the MobileSpike. MobileSpike Technologies Inc., a law enforcement technology company, launched an $1 million equity crowdfunding campaign on FlashFunders to fund the production of its patented tire-deflation-stick technology. The MobileSpike is mounted on the front of police vehicles and allows police to disable fleeing… Read More