General News

July 13, 2017 @ 8:49 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

July 13, 2017 @ 8:13 am By Erin Hobey  |  

Propy, the P2P real estate exchange platform built on blockchain technology, today introduced its advisory board. Michael Arrington (founder, TechCrunch), David Cowan (Bessemer Venture Partners), Vinny Lingham (Civic), Mike Costache (d10e), Bruce Cahan (Stanford University), and Jeremy Gardner (Blockchain Capital) will advise Propy in the creation… Read More

July 13, 2017 @ 7:25 am By Erin Hobey  |  

Leading digital money transfer service WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa. WorldRemit claims to process 74% of all international transfers to mobile money accounts coming from money transfer… Read More

July 13, 2017 @ 6:59 am By Erin Hobey  |  

ThinCats, an alternative lending industry leader, has joined forces with Edinburgh based Alderburn Finance and specialist marine training and consultants Stream Marine Training (SMT), to provide funds to bring a unique offering to Scotland. “It was a delight to be able to help SMT finance their… Read More

July 12, 2017 @ 3:31 pm By Samantha Hurst  |  

Nearly three years after Kickstarter joined forces with various internet giants to protest against net neutrality, the crowdfunding giant has made the move to stand against potential changes to the current FCC net neutrality regulations. On Wednesday, visitors to Kickstarter’s main website page were greeted… Read More

July 12, 2017 @ 1:40 pm By JD Alois  |  

The European Crowdfunding Network (ECN) is reminding alternative finance industry types to complete the survey on cross-border crowdfunding and online lending (IE P2P lending, marketplace lending etc.).  The survey deadline is 12 Noon this Friday, July 14th. ECN seeks help in generating input for Capital… Read More

July 12, 2017 @ 12:33 pm By Samantha Hurst  |  

Real-time payments platform provider and fintech firm nanopay announced on Tuesday it has appointed former Google engineer, Kevin Greer, as its new Vice President of Engineer. The company revealed that Greer will be overseeing technical strategy and ensure successful rollouts of global services. During his… Read More

July 12, 2017 @ 12:16 pm By JD Alois  |  

PwC and the Crowdfunding Center have published a joint report based on two years of data on seed (rewards) based crowdfunding from 9 different platforms. According to the report, campaigns led by women reach their target more often than crowdfunding campaigns led by men. The… Read More

July 12, 2017 @ 11:08 am By Samantha Hurst  |  

CrediFi, a fintech and commercial real estate finance platform, announced on Wednesday the launch of its new solution that streams CrediFi data into customer relationship management platform, Salesforce. While sharing details about the new solution, CrediFi CEO, Ely Razin, stated: “Anyone invested in CRE is invested in… Read More

July 12, 2017 @ 10:31 am By Samantha Hurst  |  

Global crowdfunding platform GoFundMe announced on Wednesday it has formed a partnership with The San Diego Union-Tribune to enable readers to create campaigns and fund to those in need. GoFundMe revealed: “For decades, The San Diego Union-Tribune has been breaking news, delivering information and ideas… Read More

July 12, 2017 @ 8:22 am By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), an operator of financial markets, has reached the halfway mark of 25 states that now recognize its premium OTCQX market for the purposes of their “Blue Sky Manual Exemption” for secondary trading. Blue Sky rules can stymie trading in securities… Read More

July 11, 2017 @ 4:58 pm By Samantha Hurst  |  

Over the weekend, crowdfunding platform YouCaring pulled a campaign that was seeking funds for Baton Rouge police officers to sue Black Lives Matter protesters. According to PBS, personal injury lawyer, Donna Grodner, attempted to raise $20,000 for two federal lawsuits on behalf of the Baton… Read More

July 11, 2017 @ 12:03 pm By Samantha Hurst  |  

Boston-based fintech and investment analytics firm, FinMason, announced on Tuesday it has partnered with non-profit accelerator Fintech Sandbox to provide its enterprise solution, FinRiver, to participates in the program.  Fintech Sandbox notably offers data from 30 data partners, infrastructure from three partners, and collaborates with… Read More

July 11, 2017 @ 11:05 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced its latest Small Business Lending Index revealed that loan approval rates at big banks, $10 billion-plus in assets, increased to post-recession highs in June 2017 while small banks, alternative lenders, and credit unions experienced a decline in the percent of funding… Read More

July 11, 2017 @ 9:39 am By Samantha Hurst  |  

On Tuesday, cleaning giant Clorox announced in an effort to help teachers get the classroom supplies they need for the upcoming school year, it is set to offer a $150,000 “double your impact” match offer through its partnership with DonorsChoose. This is the second year The… Read More

July 10, 2017 @ 3:34 pm By Samantha Hurst  |  

Coinsource, a bitcoin ATM network, announced on Monday it launched five new machines in Phoenix Metropolitan Area, marking its first venture into Arizona. According to the company, the bulk installation caps off a strong first and second quarter, with it installing 50 machines so far… Read More

July 10, 2017 @ 1:17 pm By JD Alois  |  

Partech Ventures has closed its seventh venture fund at the €400 million cap, for its program spanning pre-seed, seed, venture to growth stages over the past eighteen months. Partech states the fund has been oversubscribed, bringing together thirty major European and U.S. investors along with business angels,… Read More

July 10, 2017 @ 11:30 am By JD Alois  |  

Starting at today (July 10, 2017), One Spark is now accepting applications for Creators interested in sharing their innovations at the 2017 festival scheduled to take place October 6-7 in Jacksonville, Florida at the U.S. Assure Club West at EverBank Field. The application process closes on… Read More

July 10, 2017 @ 11:04 am By JD Alois  |  

The non-profit International RegTech Association (IRTA), incorporated in Switzerland in May, has launched to provide a united community of individuals and organizations, with a shared vision to innovate, advance, and influence the future of Regulatory Technology (Regtech).  Regtech is a vital aspect of financial services…. Read More

July 10, 2017 @ 10:31 am By Samantha Hurst  |  

LendingTree (NASDAQ: Tree) announced on Monday it has appointed Brad Wilson as its new Chief Marketing Officer. According to the online lender, Wilson has experience in growth and profitability of consumer brands and held the position of General Manager at Travelocity. Speaking about Wilson’s appointment,… Read More