General News

July 4, 2017 @ 7:42 am By JD Alois  |  

The Peer-to-Peer Finance Association (P2PFA) has created a new category of membership to boost its ranks and add perspective to the association that represents the UK’s top online lenders. The P2PFA was established in 2011 as the industry gained traction, acting as the representative and self-regulatory… Read More

July 3, 2017 @ 4:19 pm By Samantha Hurst  |  

Ending June on a great note, Crowdcube announced a total of £27 million was invested on its equity crowdfunding platform between April and June. The funding portal revealed on Twitter the exciting news. BOOM! A whooping £27m invested on @Crowdcube between Apr-Jun with successes including: @VitaMojo… Read More

July 3, 2017 @ 3:51 pm By Samantha Hurst  |  

KPMG, in collaboration with the Monetary Authority of Singapore (MAS), is set to sponsor the 2017 Global FinTech Hackcelerator program as part of the annual Singapore FinTech Festival which will take place from November 13-17th. The organizers of the program revealed: “The Global FinTech Hackcelerator is looking… Read More

July 3, 2017 @ 11:48 am By Samantha Hurst  |  

Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) has announced today that its U.K. subsidiary Fineqia Limited is launching a beta version of its new debt and equity platform that brings crowd investors selected and risk-mitigated opportunities, many of which were previously only available to… Read More

July 3, 2017 @ 10:55 am By Samantha Hurst  |  

Curve, a London-based fintech company that’s software allows customers to link their bank cards to one Mastercard, has rolled out a new feature for its smartphone that will allow users to “go back in time” on their purchases. According to the company, the feature allows… Read More

July 3, 2017 @ 7:45 am By Erin Hobey  |  

Since launching in 2010, prominent UK P2P lender RateSetter has diversified across multiple channels and across both consumer and business loans.  Now the lender is planning to boost its direct marketing methods to diversify its new business borrowers sources, according to Peer2Peer Finance News. The initiative will likely involve more… Read More

July 3, 2017 @ 6:59 am By Erin Hobey  |  

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

July 3, 2017 @ 6:29 am By Erin Hobey  |  

CapitalRise , a property investment platform which has raised £4.2M in the last ten months, has launched its latest investment opportunity today. The investment aims to raise £1.35M towards a development of luxury homes in the prime Hampshire commuter belt – the largest raise via CapitalRise to date. This… Read More

July 3, 2017 @ 6:16 am By Erin Hobey  |  

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses… Read More

July 2, 2017 @ 7:01 pm By Erin Hobey  |  

Londoners borrowed another £17 billion in new mortgages last year as the affluent southwest London neighbourhoods of Wimbledon and Wandsworth topped the borrowing league table and and 17 of the top 20 areas for new mortgage lending last year are in London, reported European P2P lending platform Lendy. “Lenders… Read More

July 1, 2017 @ 12:41 pm By Samantha Hurst  |  

Securities Commission Malaysia (SC) announced on Thursday it entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in fintech services in their markets.  SC Chairman Tan Sri Ranjit Ajit Singh notably signed the agreement with the ASIC… Read More

July 1, 2017 @ 5:00 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Renwick Haddow, a UK citizen living in New York. The SEC said the “clandestine founder” claimed to be the creator of a Bitcoin platform and a chain of co-working spaces located in former bars… Read More

June 30, 2017 @ 12:15 pm By Samantha Hurst  |  

On Thursday, the Monetary Authority of Singapore (MAS) announced it signed a fintech co-operation agreement with the Danish Financial Supervisory Authority (Danish FSA) to help fintech companies in Singapore and Denmark to expand into each other’s markets. The agreement was signed at the Money 20/20 European… Read More

June 30, 2017 @ 11:37 am By Samantha Hurst  |  

Texas-based fintech startup, Payix, announced this week that it was selected by Pelican Auto Finance to provide its collection tools, which will also include its new mobile collections application. According to the company, the tools are being designed to help Pelican better connect with its… Read More

June 30, 2017 @ 11:21 am By Samantha Hurst  |  

LendingTree, Inc. (NASDAQ: TREE) announced on Thursday it has teamed up with LeadsCorp to launch a new initiative that will showcase top startups in the fintech industry. According to LendingTree, the LendingTree Startup Innovation Spotlight will recognize the most innovative fintech startups across the consumer… Read More

June 30, 2017 @ 10:58 am By Samantha Hurst  |  

Just weeks after gaining full authorisation from the UK’s Financial Conduct Authority (FCA), social-circle peer-to-peer lender Flender announced this week it is launching an Innovative Finance ISA (IFISA) offering businesses and consumers a more tax-efficient way of investing. As previously reported, Flender secured £501,700 from more… Read More

June 30, 2017 @ 9:42 am By Samantha Hurst  |  

Online lender for SMEs, Funding Circle, announced this week it expanded its U.S. leadership team by appointing Joanna Karger as U.S. Head of Capital Markets and Richard Stephenson as U.S. Chief Compliance Officer. Karger, who notably has 30 years of experience working in capital markets,… Read More

June 30, 2017 @ 4:53 am By Erin Hobey  |  

“I’m both thrilled and unsurprised that they have overfunded on their original target. Fintech is in rude health and continues to be unperturbed by Brexit,” stated Crowdcube Co-Founder & CMO Luke Lang. WiseAlpha, a UK first online lending platform that gives investors access to high yield… Read More

June 29, 2017 @ 11:03 am By Samantha Hurst  |  

Mongoose Energy announced on Thursday the launch of its new crowdfunding platform for community energy projects, Monogoose Crowd. According to the energy firm, Mongoose Crowd will be an appointed representative of ShareIn and is using SharIn’s technology and compliance solution. Mongoose Energy has reportedly raised… Read More

June 29, 2017 @ 10:35 am By Samantha Hurst  |  

Real estate crowdfunding platform RealtyShares announced on Thursday it has appointed Kristina Wallender as its new senior vice president of marketing. According to the funding portal, Wallender has both marketplace and marketing leadership experience spanning large enterprise businesses such as Amazon and early stage companies like… Read More