General News

December 19, 2016 @ 1:00 pm By JD Alois  |  

Crowdfunding Beat Media has announced its intent to host multiple crowdfunding focused events during 2017.  Crowdfunding Beat will kick off with an event in New York City this coming January 24th with the “State of Investing and Risk Mitigation through Crowdfunding” and then continue with conferences… Read More

December 19, 2016 @ 10:08 am By Samantha Hurst  |  

Yirendai (NYSE: YRD) announced on Monday it appointed Chaomei Chen as an independent director. Chen has reportedly been part of the Chinese marketplace lender’s Advisory Committee since January 2016 and been providing strategic advice and insight to the senior management team on a range of issues such… Read More

December 19, 2016 @ 7:25 am By Samantha Hurst  |  

On Monday, RateSetter announced it appointed Michael Hoare as its new Head of Risk Analytics and Retail Credit. Hoare notably joins from PayPal UK, where he was Chief Credit Risk Officer. Prior to PayPal UK, Hoare also worked at Capital One, where he held various positions… Read More

December 19, 2016 @ 6:47 am By Erin Hobey  |  

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astrolabs invites early-stage start-up businesses to pitch and win a place at the World’s largest… Read More

December 19, 2016 @ 6:22 am By Erin Hobey  |  

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group for a total consideration of €29M payable in cash on completion, subject to a completion accounts adjustment. The total consideration… Read More

December 19, 2016 @ 4:59 am By Erin Hobey  |  

The Ukrainian government announced on Sunday that it will nationalize the country’s leading lender PrivatBank. In a statement given on Sunday evening, the government promised a stable transition and the smooth functioning of the bank. The Finance Ministry will take over PrivatBank, controlled by oligarch Ihor Kolomoisky. Finance Minister… Read More

December 18, 2016 @ 10:00 am By Jessica Pham  |  

Abundance Investment (formerly AbundanceGeneration) has been partnering with Swindon Chapel Farm Solar since early last month to offer individuals a way to invest in renewable energy.  The Innovative Finance ISA (IFISA) option also offers folks looking for an alternative savings account an option to earn higher… Read More

December 17, 2016 @ 9:45 am By Samantha Hurst  |  

On Friday, UK-based Crowdcube unveiled its latest infographic that shared details about its equity crowdfunding platform’s key highlights over the past five years. Crowdcube describes itself as a leading equity crowdfunding platform for both entrepreneurs of start-ups and growing businesses to connect with potential investors…. Read More

December 16, 2016 @ 5:11 pm By Samantha Hurst  |  

On Thursday, marketplace lending platform Prosper announced the winners of the 2016 #MyProsperStory Contest, which was dedicated to individuals who have utilized their platform to regain control of their personal finances. As previously reported, participants of the contest simply emailed a photo with a brief explanation as… Read More

December 16, 2016 @ 4:53 pm By Samantha Hurst  |  

Less than a week after LendingTree launched its $50,000 small business grant contest; Bizfi announced it has teamed up with the online lender for the contest. According to Bizfi, LendingTree is one of the 45 funding partners of its marketplace for small business finance. LendingTree stated… Read More

December 16, 2016 @ 4:01 pm By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Friday it has launched new cash pick up services in Ethiopia and Uganda. This news comes after the company revealed it was now offering its service in Russia.  With the WorldRemit app or website, people in more than 50 countries… Read More

December 16, 2016 @ 3:52 pm By Samantha Hurst  |  

Last week, Crowdcube success Monzo announced the launch of Monzo.Me on iOS. The company stated that the new app will help users collect money from others with a worry-free process. Sharing details, the Monzo team stated: “Collecting money from other people has always been a pain. Whether… Read More

December 16, 2016 @ 9:51 am By Samantha Hurst  |  

Maven Capital Partners,  a UK-based venture capital trusts (VCT) and private equity firm, announced on Friday the Maven Income and Growth VCT 6 has launched a new VCT Offer, which is limited to £6m in new subscriptions.  Maven VCTs have reportedly launched a series of successful VCT fundraisings in… Read More

December 16, 2016 @ 9:22 am By Samantha Hurst  |  

On Thursday, small business financing marketplace Nav announced Bank of America has officially joined its platform. The lender revealed it now has the most business financing options available in one location, streamlining access to over 100 business credit cards and business loan products. According to… Read More

December 15, 2016 @ 2:54 pm By Samantha Hurst  |  

Small business lender, Merchant Money Company (MMC), announced on Wednesday it appointed Lynn Fernandez as its new Chief Credit Officer. Fernandez reportedly joins MMC from VEDC, where she was Vice President of Lending for more than five years. She was responsible for leading the firm from a… Read More

December 15, 2016 @ 10:48 am By Erin Hobey  |  

Filippo Loretti co-founders and brothers Danielius and Matas Jakutis launched their Kickstarter campaign on 17 November, quickly securing over €200K from the crowd in 24 hours.  With a few hours remaining on their campaign the brothers have now raised over €4,462,100 from more than 17,277 backers.  Quite… Read More

December 15, 2016 @ 9:57 am By Samantha Hurst  |  

Consumer finance technology group, Kreditech, announced on Thursday it received a €10 million equity investment from Rakuten, Inc. The company stated it plans to use the new funds to further develop its partnership business. Alexander Graubner-Müller, founder and CEO of Kreditech, explained that Rakuten invested… Read More

December 15, 2016 @ 9:54 am By Erin Hobey  |  

Yello Financial Group, a Korean fintech company backed by Formation Group, announced a corporate name change to DAYLI Financial Group (“DFG”). In less than two years since founding, the company launched over 30 fintech products and onboarded dozens of marquee clients including AXA, SK Securities,… Read More

December 15, 2016 @ 9:18 am By Erin Hobey  |  

LendIt, the global lending and fintech conference series, today announced its partnership with 500 Startups for PitchIt 2017, a leading global competition for fintech startups who can earn mentorship, endorsement and exposure to leading institutions, investors and press. “Innovation has never been more important for… Read More

December 15, 2016 @ 9:02 am By Samantha Hurst  |  

Maven Capital Partners (Maven), a UK-based private equity firm, announced on Thursday it completed a £1.1 million investment in developer and operator of specialist online investment and capital crowdfunding platforms, Growth Capital Ventures (GCV), which was funded through its managed Venture Capital Trusts. According to… Read More