General News

March 28, 2017 @ 5:59 am By Erin Hobey  |  

Global Debt Registry (GDR), the asset certainty company known specializing in loan validation, will be utilizing data from credit information provider TransUnion in order to extend the range of GDR’s eValidationSM services for investors and issuing creditors in the online lending industry. By combining GDR’s expertise in real validation of… Read More

March 28, 2017 @ 5:35 am By Erin Hobey  |  

LendInvest, a leading UK online property finance lender, is launching the LendInvest Property Development Academy in four more key cities around the country following overwhelming demand for its London & Southeast courses. “There are no quick fixes to our national housing crisis, but by equipping… Read More

March 27, 2017 @ 9:11 pm By Jonathan Nieh  |  

Current State of Affairs Small business lender Kabbage announced earlier this month that it would begin selling over $525 million worth of loans to investors, which will in turn increase its lending capacity to over $2.7 billion. In contrast, Kabbage’s competitor OnDeck, has seen its share… Read More

March 27, 2017 @ 3:02 pm By Samantha Hurst  |  

CreditEase Wealth Management announces on Monday its Offshore Private Credit Fund (OPCF) has invested a total of $30 million in two transactions with OnDeck and LendingHome. This announcement comes just one year after the fund made its first investment in Avant and Prosper. According to… Read More

March 27, 2017 @ 2:04 pm By Samantha Hurst  |  

German-based SME lending platform Bitbond and African payment services provider BitPesa announced on Monday they have formed a new partnership to improve access to African SMEs financing.  Bitbond stated that by working with BitPesa, borrowers who receive funding on its lending platform can now have their loan… Read More

March 27, 2017 @ 12:30 pm By Samantha Hurst  |  

European fintech company, Creamfinance LLC, announced on Monday it received a €21 million investment from South Africa’s Capitec Bank during its Series B funding round. The new round of funding comes just after the company secured €5 million during its Series A round from international venture capital… Read More

March 27, 2017 @ 12:06 pm By Samantha Hurst  |  

WorldRemit, announced on Monday it is launching its online money transfer services in Japan. This news comes less than a week after the company announced its launch in Hawaii and customers in Japan will now be able to send money to family and friends worldwide, using… Read More

March 27, 2017 @ 9:57 am By Samantha Hurst  |  

Online investment platform SyndicateRoom announced on Monday it is set to support the IPO of Downing Strategic Micro-Cap Trust PLC (DSM) on the main market of the London Stock Exchange, which opens for investment today. SyndicateRoom has been appointed as a retail distribution agent for… Read More

March 27, 2017 @ 9:00 am By Samantha Hurst  |  

ID Finance, a data science and digital finance company, announced on Monday it has officially joined peer-to-peer lender Mintos and has already begun placing personal unsecured loans issued in Spain under its MoneyMan brand on the lending platform’s marketplace.  ID Finance shared it is joining Mintos just after… Read More

March 27, 2017 @ 3:00 am By Erin Hobey  |  

“Equity crowdfunding is becoming a more viable, accessible and attractive option for non-institutional investors in sectors that affect everyday life.  Global connectivity, has meant that startups have greater entrée to investors from diverse geographies outside the traditional tech hubs, effectively strengthening the democratization process and… Read More

March 25, 2017 @ 11:36 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced earlier this week it has officially amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility’s maturity date to March 2019 and also increase the facility’s borrowing capacity by approximately $52 million to a total of approximately… Read More

March 24, 2017 @ 4:24 pm By Samantha Hurst  |  

Digital money transfer service, WorldRemit, announced on Friday it has partnered with East and Central Africa bank, KCB, to create a new instant option to send remittance to Kenya. According to the company, the partnership aims to support the growing demand for instant, digital remittances among… Read More

March 24, 2017 @ 4:15 pm By JD Alois  |  

The Milken Institute Center for Financial Markets, a non-partisan think tank with a mission to increase global prosperity, has published a document on modernizing financial regulation in the US.  Most regulations overseeing the financial services sector were written for an analog world. There is a… Read More

March 24, 2017 @ 3:42 pm By Samantha Hurst  |  

Online consumer lending platforms and services, Marlette Funding, announced on Friday it completed its second proprietary “MFT” securitization. The lender reported that approximately $333 million of Best Egg collateral was financed through the transaction. According to Marlette Funding, the transaction was significantly oversubscribed and successfully… Read More

March 24, 2017 @ 9:08 am By Samantha Hurst  |  

Fig Publishing Inc. announced on Thursday it has been approved by the Securities and Exchange Commission (SEC) to offer Fig Game Shares for Wasteland 3,  which is currently being developed by inXile Entertainment, the creators of Wasteland 2 and Torment Tides of Numenera. The game recently… Read More

March 24, 2017 @ 6:18 am By Erin Hobey  |  

Online investment platform SyndicateRoom announced that Jonathan Milner won the Non-Executive Director (NED) of the Year award in the unquoted/private equity backed category. Milner, co-Founder and currently Deputy Chairman of Abcam plc,  has provided considerable investment and support to over 40 companies and has assisted… Read More

March 24, 2017 @ 5:33 am By Erin Hobey  |  

“I was attracted to the MNP Auctioneers business because it will bring new opportunities to South East Asia as evidenced by the success of Christie’s and Sotheby’s for this industry,” Dato Wei Chuan Beng commented. “I think ECF provides value to MNP as it opens the… Read More

March 24, 2017 @ 5:22 am By Erin Hobey  |  

Last chance to complete your Polsky Center for Entrepreneurship and Innovation at the University of Chicago and the Cambridge Centre for  Alternative Finance at the University of Cambridge Judge Business School  2017 Americas Alternative Finance Industry Survey.  The survey highlights the size, growth and key market trends of the online… Read More

March 23, 2017 @ 3:22 pm By Samantha Hurst  |  

Jirnexu, a Malaysia-based fintech startup, announced this week it has secured $1.5 million during its Series A funding round, which was led by existing investor DMP with participation from Gobi Partners and OSK Ventures International Board. The company stated that it enables banks, insurance companies,… Read More

March 23, 2017 @ 1:11 pm By Samantha Hurst  |  

UK-based equity crowdfunding platform Crowdcube announced on Thursday its 2017 first quarter results. The infographic released shows key stats from the funding portal, which includes its top sectors to raise finance for, the gender split, most popular business locations, and Funded Club milestones. The release of… Read More