General News

SEC & NYU Partner on Event Tackling Moribund IPO Market

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

Kickstarter Debuts Creators-in-Residence Pilot Program

On Friday, Kickstarter announced as part of its mission to bring creative projects to life, it has launched the pilot of its new Kickstarter Creators-in-Residence program. The crowdfunding giant stated that during the pilot, it will open its Brooklyn headquarters doors to various campaign alumni… Read More

LendingUSA Appoints Former Consumer Enforcement Unit Attorney Jenann Shemisa As General Counsel & Chief Compliance Officer

LendingUSA announced on Friday it has appointed former consumer enforcement unit attorney, Jenann Shemisa, to its executive team as both General Counsel and Chief Compliance Officer. Shemisa will assume her new role immediately, reporting directly to Camilo Concha, CEO and Founder. According to LendingUSA, Shemisa previously served… Read More

KPMG: $3.2 Billion in Fintech Deals During Q1 as 2017 “Starts Modestly”

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

OnDeck Canada Announces Partnership With Point of Sales Platform LightSpeed

Online lender OnDeck Canada announced on Thursday it has formed a partnership with cloud-based point-of-sales platform for independent retailers and restaurants, Lightspeed. According to the duo, this new partnership will allow Lightspeed users to secure loans through OnDeck’s lending platform and the new offering will… Read More

Kuflink’s P2P Lending Platform Receives FCA Authorization

On Thursday, Kuflink received full authorization from the Financial Conduct Authority (FCA) for its peer-to-peer lending platform. According to the registration, Kuflink has been given permission to provide regulated products and services, which includes accepting deposits, provide credit to consumers, offer investment advice, and arrange deals with… Read More

Now Available in China: Global Fintecher Payza Reveals New E-Wallet Options

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

MASECO Private Wealth Selects InvestCloud to Provide Client & Advisor Portals For UK/U.S. Clients

Global fintech firm InvestCloud announced on Thursday it was selected by MASECO Private Wealth to provide client and advisor portals to the company’s UK/U.S. customers. InvestCloud reported it would deliver comprehensive client communication and reporting capabilities, which includes the automation and consolidation of client reports online…. Read More

CFPB Sues Four Online Lenders Operated by a California Indian Tribe

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

Crowdcube Announcement: Browse & Invest on Your iPad With Our iOS App v2.0

Just a little over six months after launching its iOS app, UK-based equity crowdfunding platform, Crowdcube, announced the debut of the app’s v2.0. This new version will allow investors to invest not only through their iPhones but also through their iPads as well. While sharing… Read More

Kudimoney Capital Now Offering Uncollateralized Loans in Nigeria

Nigerian Kudi Capital Management Ltd announced the public launch of Kudimoney, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. Kudimoney aims to differentiate itself from OneFinance, Kiakia, C24, Snapcredit and QuickCheck by offering uncollateralizedloans to individuals within one hour. The company platform counts over 5,000 registered… Read More

Fintech Startup Tribe Receives Investment From BearingPoint

Norway-based fintech startup Tribe has reportedly received an investment from independent management and technology consultant, BearingPoint. According to Tribe, the new investment will bring it and BearingPoint together and the duo will enter into a long-term partnership to expand each of their service portfolios. Tribe describes itself… Read More

Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

WorldRemit Announces Partnership With Tigo Money Subsidiaries for Mobile Money Transfers Services to El Salvador and Guatemala

Digital money transfer service WorldRemit announced on Thursday it has formed a partnership with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala. This new collaboration will notably enable Salvadorans and  Guatemalans abroad to send money transfers instantly to… Read More

Lawsuit Filed Against OCC Fintech Charter: CSBS’ John Ryan Sheds Light on State Regulators vs. OCC

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

CFPB Orders Servicemember Auto Lender SNAAC to Pay Refunds & Fines

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More

Insurtech, Fintech, & Big Data Trends To Be Addressed At FutureTech Congress in Warsaw Next Month

Business summit FutureTech Congress is set to be held on May 24th and 25th in the city of Warsaw. According to its organizers, the event is set to address various trends in the insurtech, fintech, and big data industries, along with host experts from all over… Read More

Indiegogo Success: Elliegrid’s Smart Pillbox Awarded $75,000 in Flash Funding From Arrow

Indiegogo announced on Wednesday, EllieGrid, the creator of Smart Pillbox, received $75,000 in flash funding from the crowdfunding platform’s partner, Arrow. The funding portal stated that EllieGrid would get access to design tools, a 10% parts discount, and expert one-on-one support from Arrow’s engineering team… Read More

Crowdcube & Seedrs Success Pod Point Announces New Initiative With Global Real Estate Service Provider Savills

POD Point announced on Wednesday it has formed an initiative with global real estate service provider, Savills. The company reported that the new partnership will encourage electrical vehicle (EV) charging across Savills’ managed retail parks and shopping centers throughout the UK. The POD Point team revealed:… Read More