General News

Anil Stocker & Bobby Lane Comment on MarketInvoice Research: 65% of UK Businesses Embrace Fintech

Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services*; the platform’s findings indicate that UK businesses adopting fintech are saving £4.6b every year.** “The expansion of tech-driven digital services has been remarkable over the past 5 years…. Read More

LendingTree Partners With Lend360 to Launch Startup Innovators Program

On Monday, Lend360 announced it has teamed up with LendingTree to launch Startup Innovators Program, an on-site competition where fintech startups will present cutting-edge solutions that are propelling the online lending ecosystem forward. Winners of this new competition will receive $10,000. Lend360 revealed that startups in… Read More

Amazon Growing Business Awards Shortlist. Revolut’s on the List, Lendable & More

The UK Amazon Growing Business Awards ceremony will take place on 29th November 2017 at The Brewery, London. Today, the e-commerce/tech company has announced their shortlist of companies in the mix to win.  According to Amazon, more than 500 nominations were received from across the… Read More

GCC Gives Crowdfunding Visionary Award to former President Barack Obama

The Global Crowdfunding Convention (GCC) will be delivering their Crowdfunding Visionary Award to former President Barack Obama. The award is in recognition of his signing into law the bipartisan JOBS Act of 2012. This is the legislation that created the three different iterations of crowdfunding;… Read More

China: WeiyangX Fintech Review

China Takes Strict Control Over Consumer Credit, Forbidding it to Enter the Real Estate Market It is reported on September 20th that the Guangzhou branches of PBOC and CBRC have jointly issued a statement about consumer credit regulation, forbidding it to enter the real-estate market…. Read More

Elevate Report: Too Many Gen-Xers Lack Financial Stability

Elevate (NYSE: ELVT) is out with a report stating that members of Generation-X, the rapidly aging population that followed the Boomers, born between 1965 and 1980, are facing economic challenges that constantly keep them off balance. Yes, Baby Boomers do suck. They Hoovered up all of… Read More

Clarity Money Milestone: Personal Finance App Attracts 500,000 Users

On Wednesday, personal finance app Clarity Money announced it has reached 500,000 users in less than seven months after launching on iOS. The app, which launched in January 2017, reportedly analyzed over $60 billion in transaction for customers and saved its users who interact with… Read More

iCapital Network to Acquire US Private Equity Access Fund Platform from Deutsche Bank

iCapital Network, a fintech platform democratizing alternative investments for high-net-worth individuals and their advisors, has entered into a definitive purchase agreement to acquire the US Private Equity Access Fund Platform from the Asset Management division of Deutsche Bank. “We see this deal as an important… Read More

WorldRemit Takes Off in Malaysia, Names Ridzuan Aziz as Country Director

WorldRemit, a digital money transfer company, has launched in Malaysia following the company’s acceptance as one of only four initial entrants into Bank Negara’s Financial Technology Regulatory Sandbox in June.  Ridzuan Aziz, a senior Malaysian business leader with experience in compliance advisory and fintech, has… Read More

ComCap 2017: Local Crowdfunding is Hugely Important

Earlier this month, Crowdfund Insider had the fortune to participate in ComCap 2017 in Monterey, California. The event focused on an incredibly important sector of alternative finance – local crowdfunding. Providing access to capital for local entrepreneurs while empowering communities to be able to fund… Read More

Lending Works Announces Increase of Five-Year Lender Rate

On Wednesday, Lending Works announced as of Monday, it five-year lender rate has increased to 5.5%, which is considered the highest level it has reached since August 2016. The company revealed that the reason for the rate increase is due to the fact that it has… Read More

LendInvest Appoints Ex-Aldermore Bank Head of Commercial Mortgages Ian Boden As New Sales Director

LendInvest announced on Thursday it has appointed former Aldermore Bank Head of Commercial Mortgages, Ian Boden, as its new Sales Director. According to the online lender, Boden joins its team with more than 35 years of experience in financial services, buy-to-let, and commercial mortgages.  Prior… Read More

Reserve Bank of India Set to Classify Peer-to-Peer Lending Platforms As Non-Banking Financial Institutions

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

In Partnership With Indiegogo: Entrepreneur’s Elevator Pitch Episodes Now Streaming

On Wednesday, Indiegogo announced the launch of Entrepreneur’s Elevator Pitch challenge. The global crowdfunding platform, which is powering Elevator Pitch, revealed that the media outlet has teamed ups tie a group of real investors to put entrepreneurs to the “ultimate” pitch test. “Entrepreneurs have sixty… Read More

PeerStreet Named One of the Top Ten Startups to Work For in Los Angeles

Real estate crowdfunding platform PeerStreet announced on Tuesday it was named one of the Top Ten Startups to Work For in Los Angeles. The list was created by Zippia, an online startup career platform. The funding portal revealed in a blog post: “We were proud to be… Read More

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it… Read More

Science & Technology Investment Firm 55 Institutional Announces New CEO

55 Institutional Partners, LLC, a science and technology investment firm, announced on Tuesday it has appointed Paul Gamble as its new CEO. According to the company, Gamble brings 25 years of experience in advisory services, financial technology, retirement planning and investment management. It was also reported that Gamble… Read More

Avnet, Dragon Innovation, & Kickstarter Debuts Hardware Studio

Global technology distributor Avnet (NYSE: AVT) announced on Tuesday it has teamed up with Dragon Innovation and Kickstarter to launch Hardware Studio. This new program includes Toolkit, a community site where creators may participate in tutorials and live webinars with industry experts before launching their… Read More

MarketInvoice Celebrates New Varengold Partnership & £1.5B Funding Milestone

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. “Institutions… Read More

ADGM, IFC Abu Dhabi & KPMG Cite Shortlist for October’s FinTech Abu Dhabi Innovation Challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.  The selected firms are currently undergoing an intensive five-week… Read More