Investment Platforms and Marketplaces

April 19, 2016 @ 1:32 pm By Erin Hobey  |  

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

April 19, 2016 @ 10:14 am By JD Alois  |  

Leveraging “Testing the Waters” (TTW) under Regulation A+ equity crowdfunding, Legion M has now topped $1 million in indications of interest from potential investors. The TTW campaign was launched on March 18th at the first Silicon Valley Comic Com.  Legion M describes itself as the… Read More

April 19, 2016 @ 9:17 am By Samantha Hurst  |  

This week, crowdfunding giant Kickstarter announced details about its “Game Dungeon” at the PAX East 2016 gaming convention in Boston April 22nd-24th. The show is considered one of the largest gaming events in North America. While discussing the event, the Kickstarter crew stated: “Publishers, developers, and… Read More

April 19, 2016 @ 8:46 am By JD Alois  |  

Marketplace lender Lendix has acquired short term loan specialist Finsquare. Lendix, the largest marketplace lending platform in France, said that Finsquare’s product addressed a “real demand for lenders and borrowers alike.”  The acquisition was viewed as highly complementary to the Lendix platform – an online lender… Read More

April 19, 2016 @ 8:01 am By JD Alois  |  

In an independent report conducted by Equity Development, peer to peer lender ArchOver has received a nice affirmation of their secured lending approach. The publication entitled, “How to Make a Relatively Safe 5% PA Return” (registration required), labeled their business model as perhaps the best practice… Read More

April 18, 2016 @ 2:55 pm By Samantha Hurst  |  

On Monday, crowdfunding platform for music, PledgeMusic, announced that it has appointed Warner Music Group veteran, Paula Woollatt, as head of UK/EUR manufacturing and fulfillment. According to the funding portal, Woollatt held various positions at Warner Music Group including head of creative production for the Atlantic, Parlophone,… Read More

April 18, 2016 @ 1:31 pm By Samantha Hurst  |  

Earlier this month, SyndicateRoom’s co-founder and CEO, Gonçalo de Vasconcelos, sat down with Proactive Investors to discuss the firm’s growth and development. As previously reported, Gonçalo came to the UK from his native Portugal for a role in banking and never left. SyndicateRoom is a crowdfunding platform… Read More

April 18, 2016 @ 12:19 pm By Samantha Hurst  |  

Last week, equity crowdfunding platform Crowdcube announced its first quarterly edition of Cubed magazine. The publication reportedly demonstrates the power of the crowd and all that can be achieved thanks to backers’ investment. The portal revealed: “Crowdfunding came into existence just five years ago when Luke Lang… Read More

April 18, 2016 @ 11:24 am By JD Alois  |  

According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More

April 18, 2016 @ 8:53 am By JD Alois  |  

Real estate crowdfunding platform iFunding has closed a $730,000 raise on an 8 unit for sale condo building in Washington, DC neighborhood Glover Park.  The development was sponsored by Columbia Property Capital, a developer in DC that speciallizes in condo conversion. Guy Prudhomme, President &… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

April 15, 2016 @ 7:19 pm By JD Alois  |  

  This past week, Lendit occurred as the annual gathering of online lending platforms and other affiliated companies from around the world. The meeting took place in San Francisco this year – the epicenter of tech innovation. In 2013, a mere three years ago, Lendit… Read More

April 15, 2016 @ 7:46 am By Erin Hobey  |  

Funding Circle, a small-business lending platform, hired Deutsche Bank AG as the sole  arranger of the first securitization of P2P loans in Europe, according to a person familiar with the matter told Bloomberg. The firm will meet investors in London April 18-20 to discuss a possible deal in pounds,… Read More

April 13, 2016 @ 6:31 pm By Samantha Hurst  |  

This week, Chicago-based fintech company VestLo announced that it has become the first to submit an application to the Illinois Secretary of State, Securities Division, so that it may register as a “qualified” crowdfunding platform under the new Illinois Intrastate Crowdfunding Exemption. The adopted Illinois Intrastate Crowdfunding Bill creates… Read More

April 13, 2016 @ 1:29 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced this week that it has appointed Alexander Vellandi as its general counsel, John Gaz as director of asset management, David Fay as underwriter, Mira Johnson as loan processor, and Cameron Hall as loan analyst. The company… Read More

April 13, 2016 @ 1:00 pm By Samantha Hurst  |  

This week, Singapore-based crowdfunding platform, CoAssets, hosted its first annual SME CORE (Capitalising Opportunities & Realising Expectations). This event aims to provide SMEs with perspective, business solutions and information from public and private sectors.   Topics discussed included the following: SME Financing and Support, Leveraging Human Resources and… Read More

April 13, 2016 @ 11:36 am By Samantha Hurst  |  

Roofstock, a marketplace for investing in single-family rental homes, announced on Wednesday the appointment of former Credit Karma executive, Jodi Alperstein, as vice president of product and Haven Realty Capital’s founding partner, Eric Gutshall, as vice president of operations.  Alperstein is a FinTech veteran who led product and design at Credit… Read More

April 13, 2016 @ 9:32 am By Samantha Hurst  |  

Alternative finance provider, Neyber, announced on Wednesday it has appointed former Zopa credit risk director, Paul Martin, as its new head of credit risk. Martin has reportedly 25 years of experience in the financial service sector and has held credit risks roles in various companies including… Read More

April 12, 2016 @ 3:46 pm By Samantha Hurst  |  

Pave, the online lending platform, announced on Tuesday that it has raised a total of $8 million during its Series A funding round, which was led by Maxfield Capital. As previously reported, Pave is targeting Millennials who are old enough to be establishing a solid career… Read More

April 12, 2016 @ 2:54 pm By Samantha Hurst  |  

This week, CEO of Seedrs, Jeff Lynn, met with CNBC to discuss how much equity crowdfunding has grown and why he believes that the funding method is developing as an asset class. During his interview, Lynn revealed: “We have seen massive growth in the three and… Read More