General News

CommonBond Social Impact Award Accepting Applications

CommonBond, an online lending platform and community that is targeting the student loan space, has launched a new competition that is giving away $10,000. In partnership with Pencils of Promise, CommonBond has launched the Social Impact Award. According to their site, CommonBond and Pencils of… Read More

Malaysia Fintech Firm Soft Space Raises US $5 Million From Japan’s Transcosmos

Malaysia Fintech firm Soft Space, which offers mobile payment solutions, announced it has secured US $5 million in funding from Japanese e-commerce company Transcosmos Inc. Mobile POS and E-Commerce Soft Space offers mobile point-of-sale services for small and large merchants in Malaysia and other parts of Southeast Asia…. Read More

The European Crowdfunding Network Schedules General Assembly for June 21st

The European Crowdfunding Network (ECN) has scheduled its Assembly of Members to take place on June 21, 2017. The gathering will be held at the ECN offices in Brussels. All ECN members are invited to stand for and vote on the ECN Board of Directors. The Board… Read More

Singapore Marketplace Lender Capital Match Facilitates S$40M+ in Cumulative Origination

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. The company claims itself as the largest pure marketplace platform in Singapore and greater Southeast Asia offering invoice financing and secured lending products. Accredited… Read More

46,326+ Supporters Making a Positive Impact on JustGiving/British Red Cross’ Manchester Campaign

Shortly after the terrorist attack, The Manchester Evening News partnered with the British Red Cross to launch a donations campaign on JustGiving to raise £2 million to support the families of the victims killed and wounded in the tragic Manchester Arena attack. The campaign has… Read More

Brief: Prosper CFO Usama Ashraf Comments on Closing First Securitization from PMIT 2017-1

As expected, Prosper, the SF-based marketplace lending platform for consumer loans, announced the closing of the first securitization from the Prosper Marketplace Issuance Trust, Series 2017-1, “PMIT 2017-1.” “We are very pleased with the execution of this transaction, which was not only upsized based on… Read More

Investing in Food’s Future: Vita Mojo Surpasses £2.1M on Crowdcube

Hungry for an investment or just plain hungry?  Vita Mojo provides a solution to both! Vita Mojo, a quickly-growing UK restaurant chain and software company that is backed by the €6B global caterer Elior, is on a mission “to make food personal.” With industry leaders already on… Read More

BFT-SMaRt Consensus Protocol Co-Creator Dr. Alysson Bessani & Yale ProfZhong Shao Join Symbiont’s Advisory Board

Dr. Alysson Bessani, the co-creator of the Byzantine fault-tolerant consensus protocol BFT-SMaRt, has joined Symbiont’s advisory board. Developed in 2014, BFT-SMaRt was designed to address deficiencies in other BFT protocols such as PBFT. Assembly, Symbiont’s decentralized log component, is based on the BFT-SMaRt consensus protocol,… Read More

Earnest Prices $175 Million Securitization Rated by DBRS

Online lender Earnest has closed $175 million in refinanced student loans. The offering received a AA rating on the senior notes by DBRS which is one notch below the highest attainable rating of AAA. Earnest said the transaction was oversubscribed by 3X and traded at… Read More

Facebook Expands Donations Based Crowdfunding

Facebook is ratcheting up the competition with JustGiving and GoFundMe with its own donations-based crowdfunding vertical. According to information posted on the Facebook press page, the social media platform is adding two new categories: Community and Sports. Now users in the US can raise money… Read More

Research: Americas Alternative Finance Grows to $35.2 Billion in 2016

The Cambridge Centre for Alternative Finance (CCAF) and the Polsky Center for Entrepreneurship and Innovation and Booth School of Business Booth School of Business at the University of Chicago have revisited the alternative finance market once again with a benchmark study. The research which covers… Read More

Go TRIBE! Nearing £1.4M with 15 Days Remaining on Crowdcube Campaign

With 15 days remaining on its Crowdcube equity crowdfunding campaign, the UK-based sports nutrition brand TRIBE, has raised nearly £1.4M with the confidence of over 1558 investors for 20.28% equity offered.  Funding from the campaign will be used to help aid product development (more info due in late 2017), improve… Read More

P2P Business Lender ArchOver Receives Full FCA Authorization

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

Venus, Mars & LendingHome: Can Your Relationship Handle Buying a Home? (Infographic)

How deep is your love? LendingHome, a leading US mortgage marketplace lender, released new survey data showing that 60 percent of millennial and Gen X couples disagreed occasionally, frequently, or “a lot” when buying a house with their partner or spouse yet logically may be able to better navigate… Read More

Manchester Evening News Has Raised Over £1.2 Million for Victims of the Manchester Arena Attack

The Manchester Evening News, a daily circulation publication with circulation of 52,000, has launched a donations campaign on JustGiving to raise £2 million to support the families of the victims killed and wounded in the tragic Manchester Arena attack. The campaign, operated in partnership with… Read More

Orchard: Consumer Unsecured Lending Down 44% from 2015 High but Increases from Previous Quarter

Orchard is out with their quarterly report and it is pretty interesting. As most people in the online lending industry know, this sector of finance has been going through a bit of a transition in recent months. Orchard has direct access to origination volume to… Read More

MW Eaglewood & Pollen Street Capital Merge. Will Jointly Manage P2P Global Investments

MW Eaglewood and Pollen Street Capital have agreed to merge subject to regulatory approval. The combination of the two companies was described as creating one of the largest investment managers focusing on “specialist lending assets”. Simon Champ, CEO of Eaglewood Europe, said market dynamics had… Read More

R3 Secures World’s Largest Distributed Ledger Investment with $107 Million

R3, the head of the world’s largest consortium of financial institutions collaborating to build a platform and commercial applications for distributed ledger technologies, announced it had secured $107 million in funding as part of its Series A round. The figure is the largest investment in distributed… Read More