General News

March 7, 2017 @ 1:35 pm By Samantha Hurst  |  

TransUnion (NYSE: TRU) announced on Tuesday its latest data found that as personal loan delinquency rates rise, online fraud, which includes loan stacking, continues to make significant contributions to these increases. The credit information and information management service company noted that serious delinquency rates (90+… Read More

March 7, 2017 @ 11:56 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday that its latest study revealed that the average annual revenues of women-owned businesses increased 47 percent and average annual earnings jumped 61 percent last year among companies that applied for funding through its online credit marketplace. The company reported the average… Read More

March 7, 2017 @ 10:20 am By Samantha Hurst  |  

Atlanta-based fintech direct loan provider, LendingPoint, announced on Tuesday it has formed a new partnership with FinWise Bank, which will allow the company to offer its full suite of loan products to customers nationwide. LendingPoint stated through the partnership with FinWise Bank, it will be… Read More

March 7, 2017 @ 8:35 am By Erin Hobey  |  

“The ONESIXONE brand was created with the aim of being a global niche brand of handbags, internationally positioned in the luxury sector through a single, exclusive, personalized and limited collection. We created only 161 units numbered and customized with just two collections a year, which… Read More

March 7, 2017 @ 8:18 am By Samantha Hurst  |  

Invesdor announced on Tuesday it is teaming up with Mesenaatti and the Nordic Crowdfunding Alliance to bring the biggest crowdfunding event of the year to Finland. According to the crowdfunding platform, the event’s speeches will focus on such topics as the different forms of crowdfunding, its rapid… Read More

March 7, 2017 @ 7:04 am By Erin Hobey  |  

Global Alternatives, an owner-operator of marketplaces for alternative investments,  announced the appointment of Brendan Bradley as Non-Executive Chairman as it prepares to launch Prop-X, a cross-border property trading exchange. All securities originated by Global Alternatives’ Property Crowd platform will be listed on the exchange, along with private equity… Read More

March 7, 2017 @ 6:46 am By Erin Hobey  |  

P2P lender RateSetter announced a partnership with national mortgage aggregator Connective which aims to give accredited brokers access to their personal loan products. “We believe natural synergies exist between Connective and RateSetter given both companies were founded as industry disruptors which challenge the status quo… Read More

March 6, 2017 @ 5:11 pm By Samantha Hurst  |  

On Monday, XTI Aircraft Company and Bye Aerospace, Inc. announced they have entered into an agreement to develop a hybrid/electric prototype of XTI’s revolutionary TriFan vertical takeoff airplane. While sharing details about the partnership, Robert J. LaBelle, XTI’s CEO, stated: “We’re continuing with our plan, but we’ve… Read More

March 6, 2017 @ 3:34 pm By Samantha Hurst  |  

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services,  released its risk insight suite at the 2017 LendIt USA Conference, which is currently being held in New York City.  According to the company, the next… Read More

March 6, 2017 @ 2:23 pm By Samantha Hurst  |  

Accion and Quona Capital announced on Monday the closing of the Accion Frontier Inclusion Fund, which both companies claim to be the world’s first global fintech fund for the underserved. The fund is managed by Quona Capital. According to the companies, the oversubscribed Fund represents $141… Read More

March 6, 2017 @ 1:48 pm By Samantha Hurst  |  

Real estate crowdfunding platform, PeerStreet, announced on Monday it has integrated with Betterment, an independent online investment advisor through Quovo. The portal stated that customers of both it and Betterment may now view their PeerStreet positions within the context of their investment portfolio on the… Read More

March 6, 2017 @ 12:04 pm By Samantha Hurst  |  

On Monday, AlphaFlow announced the launch of its new investment platform, AlphaFlow Managed Portfolios. While sharing details about the platform, CEO of AlphaFlow and fintech entrepreneur, Ray Sturm, stated: “Today AlphaFlow is excited to launch a revolutionary investment platform unlike anything on the market. For the… Read More

March 6, 2017 @ 11:19 am By Samantha Hurst  |  

On Monday, the Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) they are joining forces and will now operate as one new trade organization that represents a diverse group of online lending and service companies serving small businesses. It was… Read More

March 6, 2017 @ 10:23 am By Samantha Hurst  |  

Canadian marketplace lending platform LendingArch announced on Monday launch of its new, real-time point of sale loan service for Canadian medical clinics and their patients. According to LendArch, patients may now apply for LendingArch’s point of sale financing either from their home or directly at a clinic location… Read More

March 6, 2017 @ 9:59 am By Samantha Hurst  |  

Lendit announced on Monday that it is launching its new media brand, Lendit News, that is being described as a financial technology ‘fintech’ resource dedicated to providing curated content and analysis of the most up-to-date industry news from around the globe. This announcement comes on the… Read More

March 6, 2017 @ 8:13 am By Samantha Hurst  |  

loanDepot announced on Monday the launch of its proprietary digital lending platform, mello, which is part of an $80 million investment in technology over the last 18 months. According to the online lender, the new platform is an end-to-end technology solution designed to scale with the… Read More

March 5, 2017 @ 11:33 am By JD Alois  |  

LendIt, kicks off tomorrow in New York City. The annual event started as a small gathering of emerging online lending platforms and has since morphed into a huge gathering of not just online lending but global Fintech platforms. This year’s event is predicted to be… Read More

March 3, 2017 @ 3:29 pm By Samantha Hurst  |  

Mogo Finance Technology Inc. (TSX:MOGO), a Canadian fintech company, announced on Friday it has been approved to trade on the OTCQX under MOGOF. Speaking about the financial milestone, Greg Feller, President and CFO of Mogo, stated: “The U.S. is the world’s largest capital market and has a… Read More

March 3, 2017 @ 1:59 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), under the auspices of the Division of Economic and Risk Analysis (DERA), published a white paper on Regulation Crowdfunding (Reg CF) earlier this week. The report, written by Vladimir Ivanov and Anzhela Knyazeva, is basically a point in time… Read More

March 3, 2017 @ 12:52 pm By Samantha Hurst  |  

Crowdfunding platform Crowdfunder announced on Thursday it has formed a partnership with virtual startup Pinkubator to provide support for women-led/focused entrepreneur businesses. The duo revealed that the partnership aims to streamline start-to-finish business processes for entrepreneurs. From accessing Pinkubator’s membership services, which includes national mentorship… Read More