General News

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

March 16, 2017 @ 10:41 am By Erin Hobey  |  

Today Hibergene‘s Series B funding round on SyndicateRoom will successfully close at midnight tonight, having raised at least £5,707,336 with the help of over 53 investors. Funds will be used to support R&D activities to launch three new products in 2017. The Irish medical diagnostics company specializes in the urgent diagnosis… Read More

March 16, 2017 @ 9:54 am By Erin Hobey  |  

Honored for her “outstanding leadership, integrity, performance, and team-building support within RealtyMogul, as well as her contributions to the advancement of the industry”, RealtyMogul.com CEO Jilliene Helman was named Fintech Woman of the Year at the first annual LendIt Industry Awards. The awards, which showcased leaders… Read More

March 16, 2017 @ 9:16 am By Samantha Hurst  |  

FinTech Australia announced the upcoming inaugural Finnie Awards, which is set to honor the leading achievements of the Australian fintech sector over the past twelve months. It is supported by Jobs for NSW.  “FinTech Australia plays a very active role in engaging the FinTech Community across… Read More

March 16, 2017 @ 9:16 am By Erin Hobey  |  

Bangkok Bank Public Company Limited announced its international FinTech accelerator program, Bangkok Bank InnoHub in partnership with corporate innovation partner Nest. The 12-week intensive program will take place in Bangkok, Thailand, aiming to exemplify the bank’s drive to inspire innovation and solidify its commitment to innovative new technologies. As the country’s leading… Read More

March 16, 2017 @ 8:56 am By Erin Hobey  |  

Launched only 19 months ago, Silver Bullion Pte Ltd‘s bullion has secured P2P loan platform has matched 1000 loans. While it took roughly 13 months to match its first500 loans, it took only another 6 months for Silver Bullion to reach 1000 loans. One of… Read More

March 16, 2017 @ 8:31 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai announced on Thursday it has appointed Dr. Yichuan Pei as its new Chief Credit Officer. According to the lender, Dr. Pei will be responsible for the over management of its credit department to ensure that the credit risk of loan… Read More

March 15, 2017 @ 5:00 pm By Erin Hobey  |  

“Having trusted, independent research is critical to cutting through some of the noise from a fast-changing space like alternative finance…We cut across to give a big picture view which isn’t typically available in other research.” It’s official, alternative finance platforms have been granted an extension… Read More

March 15, 2017 @ 12:26 pm By Samantha Hurst  |  

Accenture announced on Wednesday the opening of its North America Innovation Center for Finance and Risk, which is located in New York City. According to Accenture, the new center seeks to help financial services companies quickly develop and scale advanced data and analytics capabilities. The… Read More

March 15, 2017 @ 11:40 am By Samantha Hurst  |  

On Wednesday, Biz2Credit announced its latest small business lending index revealed that loan approval rates at big banks ($10 billion+ in assets) improved to new post-recession highs in February 2017. The index also reported small banks and institutional investors also experienced an uptick in their loan approval… Read More

March 15, 2017 @ 9:59 am By Samantha Hurst  |  

SmartBiz Loans, an online SBA marketplace, and bank-enabling technology platform, announced on Wednesday it appointed former SBA Head of Capital Access, Ann Marie Mehlum, as a new member of its board of directors. During her time at SBA, Mehlum directed the government agency’s credit programs, which includes… Read More