General News

December 15, 2016 @ 8:57 am By Erin Hobey  |  

Duco, a global fintech platform that provides data control services, today announced a new agreement with Currencycloud, an international payments engine. Currencycloud will use Duco Cube, a self-service data control platform, for operational functions including cash, trade-to-cash, and bank cash flow reconciliations. “We are excited to… Read More

December 14, 2016 @ 2:32 pm By Samantha Hurst  |  

SmartBiz Loans, an online SBA marketplace and bank-enabling technology platform, announced on Wednesday it will now offer SBA 7(a) Commercial Real Estate (CRE) Loans up to $5 million to eligible business owners based in the U.S. According to the company, the CRE loans are now available… Read More

December 14, 2016 @ 11:52 am By Samantha Hurst  |  

  Last week, SoFi, one of the largest online lenders in the US, made a special appearance on the hit talk show The Ellen Show and offered the audience a bit of a surprise. As previously reported, SoFi describes itself as a “modern finance company.” Its mission has… Read More

December 14, 2016 @ 10:00 am By Samantha Hurst  |  

On Wednesday, Bizfi announced it has expanded its business lending capabilities with a new funding partnership with InterNex Capital, an asset-based digital lender. According to the company, this partnership will allow small to mid-sized businesses in manufacturing, wholesale, trucking, business and consulting services to apply for and… Read More

December 13, 2016 @ 1:52 pm By Samantha Hurst  |  

Online angel investment platform Propel(x) announced on Tuesday CEO and co-founder, Swati Chaturvedi, was presented the 2016 World Technology Award (WTN) in the “Finance” category. According to Propel(x), the 2016 World Technology Awards winners were some of the most influential and impactful innovators in science… Read More

December 13, 2016 @ 12:14 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest small business lending index, which reportedly revealed that loan approval rates at big banks and institutional lenders continued their recent surge and improved to new highs last month (November 2016). The monthly analysis was conducted on over 1,000 small… Read More

December 13, 2016 @ 11:07 am By Samantha Hurst  |  

On Tuesday, fintech firm Even Financial announced it increased loan originations by 205% quarter over quarter since the beginning of 2016. The company reported that, with more than $1.5 billion in loan requests, its platform has grown to serve over one million customers with its… Read More

December 13, 2016 @ 6:31 am By Erin Hobey  |  

Gurugram, India-based platform for enabling debt-financing for small businesses Indifi has raised $10 Mn in a Series B funding round led by Omidyar Network. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments toward… Read More

December 13, 2016 @ 6:16 am By Erin Hobey  |  

Irish fintech startup FXCH Ltd., the Spot-FX Clearing House, which in July settled the first FX trade on the Blockchain, seeks €1,000,000 financing on Seedrs for 4.76% equity offered. Because FXCH has a permanent base in London, the €20M valued platform may benefit from the UK’s S/EIS tax credit… Read More

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