General News

March 21, 2017 @ 5:24 pm By Samantha Hurst  |  

On Monday, Johnson & Johnson, along with partners CI&T and R/GA, announced crowdfunding platform for public health projects, CaringCrowd, received the SXSW Interactive Innovation People’s Choice Award at the 20th annual SXSW Interactive Innovation Awards. CI&T and R/GA reportedly collaborated on the interactive and design work…. Read More

March 21, 2017 @ 1:46 pm By Samantha Hurst  |  

On Tuesday, Kickstarter announced it was welcoming e-commerce platform Shopify to its resources page. According to the crowdfunding giant, Shopify is now offering campaign creators a 45-day free trial. The Kickstarter team stated: “We are excited to work with Shopify because when paired with themes… Read More

March 21, 2017 @ 11:58 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Monday former Morgan Stanley COO, Jim Rosenthal, is set to join its board of director. This appointment will go into effect on April 3rd.  OnDeck reported during his tenure at Morgan Stanley, Rosenthal served in various roles, including… Read More

March 21, 2017 @ 11:39 am By Samantha Hurst  |  

Digital money transfer service, WorldRemit, announced on Tuesday it has expanded in North American by launching in Hawaii. The company’s Hawaiian customers may now send money to over 140 destinations as easily as sending an instant message, using the WorldRemit smartphone app or website. According to… Read More

March 21, 2017 @ 9:07 am By Samantha Hurst  |  

Peer-to-peer lending platform Assetz Capital recently announced it is maintaining its 5 Star Rating from Defaqto in the independent financial information business’ “Loan Based Crowdfunding” category. The online is now one of only two platforms to have achieved the highest rating awarded by Defaqto.  Assetz Capital reports that… Read More

March 20, 2017 @ 4:43 pm By Samantha Hurst  |  

FinTech Circle has formed a partnership with Cape Innovation and Technology Initiative (CiTi) to launch FinTech Academy Africa. The companies revealed that the new program is geared towards those interested looking more about fintech and the curriculum was designed to deliver a comprehensive understanding of the… Read More

March 20, 2017 @ 4:17 pm By JD Alois  |  

Fitch Ratings has taken the following rating actions on Citi Held for Asset Issuance 2016-PM1 (CHAI 2016-PM1), which is backed by marketplace loans originated via the Prosper platform: Class A upgraded to ‘Asf’ from ‘A-sf’; Outlook Stable; Class B upgraded to ‘BBBsf’ from ‘BBB-sf’; Outlook… Read More

March 20, 2017 @ 12:25 pm By Samantha Hurst  |  

On Monday, IBM announced the launch of its new developer tools specifically for financial services, which is known as the IBM Cloud for Financial Services. The new tools will notably offer the “essential building blocks” for financial services app creations. IBM reported that over 100,000… Read More

March 20, 2017 @ 11:49 am By Samantha Hurst  |  

B2B travel payment solutions provider eNett International announced on Monday it has teamed up with UAE supply chain finance platform Invoice Bazaar to help make faster, easier, and safer supplier payments with the eNett Virtual Account Numbers (VANs) even more accessible for middle eastern travel… Read More

March 20, 2017 @ 11:47 am By Amy Wan  |  

On Monday, March 6, 2017, Congressman Patrick McHenry gave keynote remarks at the Lendit Conference in New York City. Among the themes of his speech, McHenry talked about the need for financial inclusion, citing a statistic that counties with less than 100,000 in population saw… Read More

March 20, 2017 @ 8:29 am By Samantha Hurst  |  

Peer-to-peer invoice finance platform, MarketInvoice, announced on Monday it has appointed Zopa’s co-founder, Giles Andrews, as a new chairman. The company confirmed that Andrews will be working directly with co-founders Anil Stocker and Ilya Kondrashov to drive scale in the business as well as chairing and managing… Read More

March 20, 2017 @ 7:49 am By JD Alois  |  

Earlier today we reported that the Australian Senate had approved crowdfunding legislation (Crowd-sourced funding) that will allow firms to raise up to A$5 million (about $3.9M USD) online. Fintech Australia, the industry’s advocacy group embraced the approval as the bill will most likely soon become… Read More

March 17, 2017 @ 3:48 pm By Samantha Hurst  |  

On Friday, peer-to-peer lender Zopa celebrated the one year birthday of its product, Zopa Plus, by taking a look back at its progress over the past twelve months. The product was launched with Zopa Access and Zopa Classic. The platform revealed: “A year to the month… Read More

March 17, 2017 @ 1:19 pm By Samantha Hurst  |  

Online lender SoFi announced on Thursday it has elected Mike Bingle, Steven Freiberg, and Robert L. Joss to its Board of Directors. This news comes just a couple of weeks after the lending platform closed a $500 million funding round led by Silver Lake. While sharing… Read More

March 17, 2017 @ 9:55 am By Samantha Hurst  |  

Innovate Finance, the group that champions fintech innovation in the UK and around the globe, announced on Friday the launch of its new ambassador program. According to the organization, the invitation-only initiative looks to recognize a select group of established professionals who are passionate supporters of… Read More

March 17, 2017 @ 9:36 am By Samantha Hurst  |  

Real estate lending marketplace Groundfloor announced on Thursday it has teamed up with IRA Services Trust Company to launch its tax deferred real estate investing. The platform revealed it will immediately begin to invite investors to its website to fund their accounts directly through their… Read More

March 16, 2017 @ 3:25 pm By Samantha Hurst  |  

Following the announcement that President Donald Trump proposed the elimination of the National Endowment for the Arts and the National Endowment for the Humanities as part of his federal budget plan, Kickstarter co-founder and CEO Yancey Strickler took to the crowdfunding giant’s blog to express… Read More

March 16, 2017 @ 12:44 pm By JD Alois  |  

As expected, the Office of the Comptroller of the Currency has published a draft licensing manual regarding the creation of a Fintech Charter. The draft is a supplement to the agency’s existing Licensing Manual and explains how Fintech firms may apply for special purpose bank charters…. Read More

March 16, 2017 @ 12:20 pm By Samantha Hurst  |  

CreditEase Fintech Investment Fund (CEFIF), a venture fund investing in growth-stage fintech companies in China and globally created by peer-to-peer lender CreditEase, announced at LendIt USA  in New York it  had made investment in three new Fintech firms. According to the fund, the three investments included… Read More

March 16, 2017 @ 11:54 am By Samantha Hurst  |  

Payment as a service platform WePay announced on Thursday customers are now able to use Apple Pay and Android Pay on the web to generate more revenue for their websites. According to WePay, the launch of the Apple Pay and Android Pay products means platform… Read More