General News

October 6, 2017 @ 11:44 am By Samantha Hurst  |  

On Thursday, British multi-national insurance company Aviva announced it has made an agreement to acquire a majority shareholding stake in robo investment company Wealthify. According to Aviva, the investment is part of its strategy to build customer loyalty by providing customers with a wide range… Read More

October 5, 2017 @ 11:39 am By Erin Hobey  |  

“There are five times fewer small scale developers today than in the last housebuilding boom and not a single one of today’s top ten housebuilders was created before 1990. There is a clear monopoly in the sector,” clarified LendInvest Co-Founder & CEO Christian Faes. “What was clear… Read More

October 5, 2017 @ 9:08 am By Samantha Hurst  |  

On Wednesday, equity crowdfunding platform Crowdcube announced the launch of the Notification Centre for its iOS app. This news comes just one year after the mobile app made its debut. While sharing details about the Centre, the Crowdcube team stated: “The Crowdcube iOS App launched 1… Read More

October 3, 2017 @ 11:50 am By Erin Hobey  |  

Lendy, the UK P2P property platform, has increased its pretax profits by 164% over the last year, rising from £1.04m to £2.74m, while turnover increased 104% over the same period, going from £13.5m to £27.5m. Lendy is now one of Europe’s leading P2P secured property platforms,… Read More

October 3, 2017 @ 11:47 am By Samantha Hurst  |  

Elevate Credit, Inc., a tech-enabled provider of online credit solutions for non-prime consumers, announced on Tuesday its customers have saved more than $2 billion, versus what they would have paid for payday loans. The company reports that $613 million of these cumulative savings were incurred… Read More

October 3, 2017 @ 11:02 am By Erin Hobey  |  

CrowdStreet, a commercial real estate investment platform for investor acquisition and relationship management, now offers several new “enhancements” to its flagship Sponsor Direct white-label software platform which was designed to address the needs of modern investment firms. With these new features, Sponsor Direct’s software combines… Read More

October 3, 2017 @ 8:57 am By Erin Hobey  |  

Robo.cash, an automated P2P lending platform that includes a buyback guarantee, recently celebrated its own steady growth during 2017 Q2, noting that its total amount of investments now exceeds €1.8 million. In addition, nearly €400,000 in loans were added in August alone, while the  average invested… Read More

October 2, 2017 @ 11:20 am By Samantha Hurst  |  

Startup consulting firm Quesnay announced on Monday the launch of its inaugural Female Founders in Tech competition, which aims to address the gap in female leaders by recognizing and supporting female-founded startups that impact the financial services and/or insurance technology industries. Jennifer Byrne, president of Quesnay,… Read More

October 2, 2017 @ 10:07 am By JD Alois  |  

Research has recently been published that includes an interesting perspective on the rewards or pre-sale crowdfunding space. The report cautions campaign creators on what they should, or should not claim, in launching a project. According to the research, Kickstarter campaign creators must take note: pre-sale… Read More

October 2, 2017 @ 9:57 am By Samantha Hurst  |  

On Monday, WePay and SignUpGenius announced they have formed a partnership in order to provide a new process of accepting payments. According to SignUpGenius, organizers using its site can now collect payments from event participants for everything from ticket sales and event registrations to capital… Read More

October 1, 2017 @ 10:13 pm By JD Alois  |  

When equity crowdfunding rules went into effect in the USA there was a lot of excitement in the emerging Cannabis industry.  There are plenty of predictions as to how big this industry could grow. Recent law changes in multiple states regarding recreational and medical use… Read More

September 29, 2017 @ 2:42 pm By Samantha Hurst  |  

On Friday, online lending platform Zopa announced the latest update of its credit risk model. This news comes just a few weeks after the lender announced updated on improving loan sale time progress, rebate period, and ISA transfer-in. Chief Product Officer at Zopa, Andrew Lawson,… Read More

September 29, 2017 @ 11:37 am By Samantha Hurst  |  

Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa. According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into… Read More

September 28, 2017 @ 1:30 pm By Samantha Hurst  |  

Last week, ABN AMRO announced the launch of its new SMEs initiative, New10. According to the company, New10 allows SMEs to know within 15 minutes whether they qualify for a loan and under what terms and conditions. ABN AMRO noted New10 meets the needs of this group… Read More

September 28, 2017 @ 11:52 am By Erin Hobey  |  

In celebration of its first anniversary, Insurtech platform Lemonade launched a freshly squeezed product, Zero Deductible. Zero Deductible offers new and existing Lemonade members a ‘zero deductible’ upgrade, so that customers may make up to two claims each year with neither deductible payments nor rate hikes. Powered by AI… Read More

September 28, 2017 @ 11:23 am By Erin Hobey  |  

MoneyOnMobile, Inc. (OTCQX: MOMT) announced an agreement with ShopClues, one of India’s largest e-commerce marketplaces, to enable the in-store purchase of ShopClues products using the MoneyOnMobile platform at any of its participating 335,000 retailers. “The alliance with MoneyOnMobile is in sync with ShopClues’ vision of… Read More

September 28, 2017 @ 10:32 am By Samantha Hurst  |  

MobileCause recently announced it has formed a partnership with PayPal to provide easier, faster, and secure ways for nonprofit organizations to engage with donors on its platform. While sharing details about the partnership, Sean MacNeill, CEO of MobileCause, stated; “Our mission is to make every connection… Read More

September 28, 2017 @ 9:00 am By Erin Hobey  |  

Stockpile, a brokerage popular with millennials focusing on fractional share stock investing, has raised $30 million in Series B funding led by Fidelity backed Eight Roads Ventures, with participation by Mayfield, Arbor Ventures, Hanna Ventures, Wang Ventures and others. Stockpile will use the new funds to… Read More

September 28, 2017 @ 8:55 am By Erin Hobey  |  

Houston-based mobile grocer Grit Grocery’s  equity crowdfunding campaign went live on Wefunder just before Hurricane Harvey.  As one may expect, the campaign has been at at standstill as the city cleans up after the wrath of Harvey. Funding will be used to assemble a fleet of mobile… Read More

September 27, 2017 @ 11:59 am By Samantha Hurst  |  

On Wednesday, online lending platform Funding Circle announced its FY results for the year, ending December 31, 2016. While sharing details about the results, Samir Desai, CEO at Funding Circle, stated:  “2016 was another record breaking year for Funding Circle. We were pleased to achieve our… Read More