General News

December 6, 2016 @ 11:19 am By Samantha Hurst  |  

PALMco, a family-owned and operated energy supply company, announced on Tuesday it is set to match donations to all environmental science education projects in Connecticut schools in partnership with crowdfunding platform, DonorsChoose. This partnership’s “Double Your Impact” initiative, is notably the fourth initiative between PALMco and… Read More

December 6, 2016 @ 10:30 am By Samantha Hurst  |  

On Tuesday, UK peer-to-peer lender Zopa announced it was rebranding. The company stated that the “new identity” will give it a springboard for its ambitious plans to bring its products to even more UK consumers, and create personalized services for all users. Sharing details about… Read More

December 6, 2016 @ 9:20 am By Samantha Hurst  |  

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced on Monday the 2016-2017 class of its fintech incubator, Envestnet | Yodlee Launchpad. The Envestnet | Yodlee Incubator is described as a program that connects the… Read More

December 6, 2016 @ 9:14 am By JD Alois  |  

Research indicates that Britons are in the dark about the funding options available. According to new research by Crowdfinders, UK entrepreneurs turn to their personal savings, friends/families and banks first.  This is despite the fact that many (64%) believe that its a dead end. Crowdfinders… Read More

December 6, 2016 @ 9:05 am By Samantha Hurst  |  

UK peer to peer lender Assetz Capital announced on Tuesday it has appointed Rob Pailin as its Chief Commercial Officer and member of the board of directors. Pailin reportedly joins Assetz Capital from RBS Corporate, where he was managing director of the bank’s corporate business in… Read More

December 5, 2016 @ 3:22 pm By Samantha Hurst  |  

Innovate Finance, an association that’s dedicated to the global fintech industry, announced on Monday it is set to support the creation of two fintech hubs located in the Kingdom of Bahrain and the UAE. While speaking at the FinTech Enterprise Excellerate (E2) conference in the Gulf, Lawrence… Read More

December 5, 2016 @ 1:01 pm By Samantha Hurst  |  

On Monday, commercial real estate marketplace lending platform Money360 announced it has provided financing of $1.9 million for a single-tenant retail building in Dayton, Ohio. The building, which is currently 100 percent leased to Panera Bread, is reportedly located next to the Dayton Mall. Money360 reported… Read More

December 5, 2016 @ 10:54 am By Samantha Hurst  |  

MoneyLion, the mobile personal finance platform, announced on Monday it secured $22.5 million during its Series A Funding round, which was led by Edison Partners. The company stated the Series A financing and existing $650 million debt facilities will fuel its growth and expand its lending… Read More

December 5, 2016 @ 10:14 am By Samantha Hurst  |  

Marketplace lending platform, LendingUSA, announced on Monday it has appointed Manoj Mathew as its new chief technology officer. Mathew is co-founder and former chief technology officer of LendFoundry. He also brings more than 20 years of experience working with IT and product engineering companies. Sharing… Read More

December 5, 2016 @ 9:05 am By JD Alois  |  

Insure.com calculates the “value of Santa” based on analysis of wage data from the Bureau of Labor Statistics each year. This year it shows Santa should be earning $146,309 –  a 2% increase from last year. Out of the 15 jobs which make up Santa’s… Read More

December 4, 2016 @ 3:06 pm By JD Alois  |  

Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) has received investments by EdgeWater totaling $30 million. This is in addition to previous in-kind support EdgeWater has provided to HTT.  HTT states it has now secured $31.8 million in cash investment.  According to Jumpstartfund’s accounting, the project has received… Read More

December 2, 2016 @ 4:42 pm By Samantha Hurst  |  

Earlier this week, the Allstate Corporation (NYSE: ALL) announced it is set to acquire SquareTrade, a fintech company that provides consumer protection plans and distributes through major retailers, including Amazon, Costco, Sam’s Club, Target, Staples, Office Depot and Toys “R” Us. According to SquareTrade, acquiring… Read More

December 2, 2016 @ 10:11 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

December 2, 2016 @ 9:34 am By Samantha Hurst  |  

On Tuesday CrowdRise celebrated the 2016 #GivingTuesday with its annual Giving Tower Campaign. The crowdfunding platform announced $4 million was raised more than 1,100 participating charities competing for a $25,000 prize in the CrowdRise Giving Tower campaign. This year, the CrowdRise Giving Tower reportedly reached over… Read More

December 2, 2016 @ 8:46 am By Samantha Hurst  |  

PrimaryBid, an online funding platform that enables investors to gain access to placings of AIM-listed companies, announced on Friday users of its platform contributed to an oversubscribed fundraising for Mobile Streams. According to PrimaryBid, Mobile Streams has conditionally raised gross proceeds of £2.2 million through… Read More

December 2, 2016 @ 7:56 am By Jessica Pham  |  

British Chancellor of the Exchequer Philip Hammond delivered the annual autumn statement late last month and underlined the UK’s numerous economic weaknesses that the Brexit vote only enunciated.  As Brexit negotiations continue between now and 2019, Britain will have to tackle its poor productivity record, particularly… Read More

December 1, 2016 @ 5:20 pm By Samantha Hurst  |  

Latvia-based VIA SMS Group announced this week it is launching Viainvest, a peer-to-peer marketplace for both private and legal entities offering to invest into consumer loans originating from non-banking lenders. While sharing details about Viainvest, Eduards Lapkovskis, member of the board at VIA SMS Group, stated: “By… Read More

December 1, 2016 @ 4:56 pm By Samantha Hurst  |  

BitLendingClub, a bitcoin peer-to-peer lending platform, announced on Thursday it was shutting down all of its services. The website claimed the closure was due to regulatory pressure. The lending portal’s team released a letter to customers, stating: “We’ve worked extremely hard to build a platform… Read More

December 1, 2016 @ 4:35 pm By Samantha Hurst  |  

NextGen Crowdfunding announced on Thursday it is launching a new Indiegogo Equity Crowdfunding Tracker, called Indiegogo Crowdfunding Watch, This feature will track investor commitments through the crowdfunding platform. Sharing details about the new tracker, Dr. Richard Swart, Chief Strategy Officer at NextGen Crowdfunding, stated: “Indiegogo’s entrance into… Read More

December 1, 2016 @ 2:33 pm By Samantha Hurst  |  

Avoka, a digital customer acquisition for financial services company, announced on Thursday it received Amazon Web Services (AWS) Financial Services Competency status. The company stated this designation recognizes its platform, which is used for bank account opening, wealth management onboarding, and insurance policy applications,  for… Read More