General News

June 20, 2017 @ 8:46 am By Samantha Hurst  |  

LendIt, the global lending and Fintech conference, announced on Tuesday it has teamed up with Startupbootcamp FinTech for its PitchIt Europe 2017 competition. According to the event’s organizers, this year’s competition is set to see hundreds of applicants all looking to compete in the competition’s… Read More

June 20, 2017 @ 4:00 am By Erin Hobey  |  

Colu, a blockchain-powered platform for creating digitized, localized currencies, launched its second currency in the UK – the Local Pound, East London. Founded in 2014, Colu’s digital wallet application supports buying local, offering an easy and convenient way to pay instantly from a smartphone while empowering… Read More

June 19, 2017 @ 5:29 pm By Samantha Hurst  |  

Kroll Bond Rating Agency (KBRA) announced on Monday it has assigned preliminary ratings to three classes of notes issued by Marlette Funding Trust 2017-2. This is a $322.7 million consumer loan ABS transaction that is expected to close on June 29th. Marlette, which was founded… Read More

June 19, 2017 @ 8:07 am By Erin Hobey  |  

KPMG and Matchi named Avoka as the winner of ATB Financial’s Customer Onboarding Global Innovation Challenge. Avoka will now work with ATB on a proof-of-concept project with a view to roll out and implement the solution. “Avoka is thrilled to have been selected the winner… Read More

June 19, 2017 @ 7:10 am By Erin Hobey  |  

TechPreneur Africa, a social impact firm focused on harnessing innovation and entrepreneurship to achieve real economic impact across Africa has signed an MOU with Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, to foster and support the growth and activities of FinTech… Read More

June 19, 2017 @ 4:42 am By Erin Hobey  |  

Open ANX Foundation Limited, with the support of ANX International and partners, announced openANX, a project to build a new decentralized exchange and trading platform. OpenANX is described as a real-world application of Blockchain that brings transparency and openness to cryptocurrency markets. “In traditional financial… Read More

June 18, 2017 @ 12:50 pm By JD Alois  |  

The European Crowdfunding Network (ECN) has launched a survey dedicated to addressing the challenges of cross border transactions in the investment space. More specifically, the ECN is seeking input on cross border crowdfunding and online lending, including peer to peer / marketplace lending. The ECN… Read More

June 17, 2017 @ 7:33 am By Samantha Hurst  |  

Zopa announced on Thursday its IFISA is now available for all existing Zopa customers. Along with the IFISA, the online lender unveiled its latest peer-to-peer investment product, Zopa Core. While sharing details about the IFISA, Zopa revealed: “It’s here! From today, existing investors can subscribe… Read More

June 16, 2017 @ 3:00 pm By Samantha Hurst  |  

On Thursday, retail giant Macy’s announced the launch of its twelfth annual Shop For A Cause Program and kicked off a new charity challenge on crowdfunding platform, CrowdRise. According to Macy’s and CrowdRise, charities looking to participate in this fundraising challenge must sign up now… Read More

June 16, 2017 @ 1:00 pm By Samantha Hurst  |  

On Friday, LendingTree, Inc. (NASDAQ: TREE) announced it has acquired certain assets of DepositAccounts.com, a leading consumer-facing media property in the depository industry. According to LendingTree, DepositAccounts.com is considered one of the most comprehensive sources of depository deals and analysis online, covering all major deposit product… Read More

June 16, 2017 @ 10:15 am By Samantha Hurst  |  

Digital financial service company, P2P Cash, announced on Friday it has launched a new money transfer service from George and South Carolina to Nigeria. The company reported that it now offers cross-border money transfer without any fees. P2P Cash, which is a division of software… Read More

June 15, 2017 @ 10:22 am By Erin Hobey  |  

As reported, the UK Financial Conduct Authority named its second cohort of 24 Fintech firms that are ready to begin testing shortly.  What exactly is a sandbox and why is it important for countries to utilize these to engender innovation and spark disruption? Startups and nubie platforms… Read More

June 15, 2017 @ 7:25 am By Samantha Hurst  |  

Manchester property crowdfunding platform, the House Crowd, announced on Thursday it has joined Canary Wharf-based tech hub, Level39. This news comes just a few months after the funding portal celebrated its five year anniversary. Level39, which was launched in March 2013 by the Canary Wharf Group, is… Read More

June 15, 2017 @ 6:05 am By Erin Hobey  |  

Startupbootcamp FinTech, a leading global accelerator focused on financial innovation, has announced its first Demo Tour to mark the end of its accelerator program. Over 2 weeks in July, the 11 startups from Startupbootcamp’s 2017 cohort in Singapore will visit four countries across Asia and present their companies… Read More

June 15, 2017 @ 5:35 am By Erin Hobey  |  

UK online investment platform SyndicateRoom announced the closure of two lift rounds, for Peptinnovate and Alert Technology. SyndicateRoom negotiated an exclusive offer with the companies, whereby its members could participate in the equity rounds. Pekama closed its round in overfunding over the weekend. Peptinnovate, a… Read More

June 15, 2017 @ 4:48 am By Erin Hobey  |  

SURE, an insurtech startup that offers on-demand personal insurance via an app, has closed an $8 million Series A funding round led by with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust. The NYC and LA-based company also launched a Smartphone… Read More

June 14, 2017 @ 5:31 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School has launched its third European benchmarking survey and the second survey for Africa and the Middle East. The two separate research initiatives will review the emerging alternative finance markets in each… Read More

June 14, 2017 @ 3:05 pm By Samantha Hurst  |  

DCU FinTech Innovation Center, a nonprofit innovation center that fosters seed-stage fintech startups and promotes fintech in Boston, announced on Wednesday its list of cohorts for June 2017.  The center states it helps companies establish product/market fit by working collaboratively across the fintech ecosystem. Companies… Read More

June 14, 2017 @ 12:11 pm By Samantha Hurst  |  

Fintech71, a cross-industry Ohio-based accelerator focused on financial technology, announced on Wednesday it is currently gaining global momentum and its application process is now underway. As previously reported, Ohio-based companies KeyBank, Progressive, The Kroger Co., Grange Insurance, Huntington, FifthThird, First Federal Lakewood, Root Insurance, and… Read More

June 14, 2017 @ 10:50 am By JD Alois  |  

OTC Markets is out with a report that indicates small-cap companies are overlooking important ways they can boost investor interest in their stock.  The study, which was conducted between March and May 2017, surveyed 117 CEOs and CFOs of companies under $2 billion in market… Read More