General News

December 13, 2016 @ 5:49 am By Erin Hobey  |  

The new India-based ah! Marketplace, a platform which aims to connect startups to find relevant service providers at every step of their entrepreneurial journey, works on a model wherein accredited service providers from various sectors such as technology, legal advisory, design, content, finance and HR,… Read More

December 13, 2016 @ 5:31 am By Erin Hobey  |  

World First USA, an international payments industry, and Rakuten.com, one of the world’s largest e-commerce marketplaces, today announced a partnership that brings foreign currency exchange services to their community of online merchants. As part of the agreement with the Austin-based international payments company, World First will provide… Read More

December 12, 2016 @ 10:23 pm By Jessica Pham  |  

European fintech company figo, based in Germany, secured as a part of its Series B fundraising at the end of last month a €6.8 million (approximately $7.2 million) investment from Deutsche Börse Group.  The firm’s latest project is expanding its banking API products and services… Read More

December 12, 2016 @ 2:37 pm By Samantha Hurst  |  

On Monday, Abu Dhabi’s Department of Municipal Affairs & Transport announced it signed an agreement with Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) to undertake a feasibility study to connect Abu Dhabi and Al Ain using the Hyperloop system. Sharing more details about the agreement, Eng. Khalid Mohamed… Read More

December 12, 2016 @ 12:44 pm By Samantha Hurst  |  

Real estate marketplace lending platform, Money360, announced on Monday it provided  $1.848 million in financing to a commercial property owner for the value-add renovation of a full-service boutique hotel to enable the hotel’s affiliation with the flagged hospitality brand, Ascend Collection Hotels. According to the lender, the $1.848… Read More

December 12, 2016 @ 8:25 am By Samantha Hurst  |  

Kia Motors America and DonorsChoose announced on Sunday they are launching the annual “Holidays on Us” celebration to bring resources to schools in need this holiday season. The companies reported previous campaigns under the event raised more than $7.5 million and benefited more than 1.5 million… Read More

December 11, 2016 @ 7:01 pm By JD Alois  |  

Alternative finance using asset-backed lending has hit a record high of £4.3 billion – up  22% versus year prior.Total asset-based finance hits £20.7 billion, another all-time high, as the Government Bank Referral Scheme kicks in. Nine of the UK’s  biggest banks will be required to pass… Read More

December 11, 2016 @ 6:21 pm By JD Alois  |  

The SEC Small Business Advocate Act of 2016 or HR 3784 passed the Senate on Friday (December 9, 2016) as part of a last-minute legislative push before Congress adjourns for the holiday season. The bill passed the House earlier this year meaning the bill will… Read More

December 11, 2016 @ 2:03 pm By Jessica Pham  |  

In a grand mashup of investment and politics, President-elect Donald Trump and Tokyo-based SoftBank Group Corp.‘s CEO Masayoshi Son announced their plan this week to create 50,000 new jobs in the U.S. via a $50 billion investment namely in startups. Deal Street Asia reported that the… Read More

December 10, 2016 @ 2:54 pm By JD Alois  |  

Moody’s is out with a note commenting on the Office of the Comptroller of the Currency’s recent announcement it will offer Special Purpose Bank Charters for Fintech firms.  The move by the OCC was in recognition of the growing importance of Fintech and the movement… Read More

December 9, 2016 @ 4:11 pm By Samantha Hurst  |  

Earlier this week, global crowdfunding platform Indiegogo announced it has recently updated its Terms of Use and added it plans to go after campaign organizers who fail to deliver products to backers. The funding portal revealed: “We often get asked about the feasibility of projects and, while… Read More

December 9, 2016 @ 3:51 pm By Samantha Hurst  |  

Following the FCA publishing an interim report on crowdfunding regulations, the team at peer-to-peer lending platform Zopa revealed their thoughts about the report and its findings. As previously reported, the report took into consideration feedback from the leading UK crowdfunding platforms (including peer to peer lenders),… Read More

December 9, 2016 @ 2:23 pm By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Friday it is teaming up with African financial institution Guaranty Trust Bank (GTBank) have launched new money transfer routes to West and Central Africa. With the WorldRemit app or its website, users may now send secure overseas money transfers to any bank account in… Read More

December 9, 2016 @ 12:59 pm By Samantha Hurst  |  

LendingTree announced this week the launch of its new small business grant contest. The online lending platform revealed it is offering support in the form of a $50,000 grant to help one small business continue to grow. The platform stated it is looking for a small… Read More

December 9, 2016 @ 12:38 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK) announced on Friday the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. The online lender revealed with the announcement it now may obtain funding under the new credit facility with Credit Suisse by accessing $125 million of committed capacity and an additional $75 million of… Read More

December 9, 2016 @ 10:44 am By Samantha Hurst  |  

Canadian fintech startup Symend Inc. announced on Thursday it secured $1 million through its first seed funding round. The company revealed that key investors included founding partners and angel investors. Symend stated it would focus initially on helping utility providers, telecoms, and unsecured credit card suppliers recoup… Read More

December 9, 2016 @ 10:37 am By JD Alois  |  

The Financial Conduct Authority (FCA) published an interim report on crowdfunding regulation today. The report was widely anticipated by both the investment based and debt based crowdfunding sector. This is the second interim statement since initial rules were published in 2014. The regulatory approach by… Read More

December 9, 2016 @ 8:16 am By Samantha Hurst  |  

Assetz Capital announced on Friday that November 2016 was officially the peer to peer lender’s most successful month ever. The website confirmed it lent £26 million to users, £100 million for 2016.  Commenting on the online lender’s November success, Stuart Law, CEO of Assetz Capital, stated:… Read More

December 9, 2016 @ 6:11 am By Erin Hobey  |  

Pets’ Kitchen, a pet-health company that aims to provide high-quality pet food and veterinary services to improve the long-term health and well-being of furry companions, recently listed on SyndicateRoom. To date, the campaign has raised over £265,580 for 17.2% equity offered, priced at £0.25 a… Read More

December 9, 2016 @ 5:36 am By Erin Hobey  |  

Lendico has refrained from originating new consumer loans in Germany, according to P2P-Banking, directly linking consumers instead to Finanzcheck, a loan application tool. While new consumer loans origination has been halted, Lendico is continuing its business loan origination within Germany. In the last months Lendico has also stopped issuing consumer loans in the Netherlands,… Read More