General News

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

December 1, 2016 @ 1:05 pm By Samantha Hurst  |  

On Thursday, NextGen Crowdfunding announced it is now accepting submissions for its Crowdfunding Video Awards (CVAs). Last month, the company revealed details about the CVAs, which will notably recognize the best pitch videos from both reward and equity crowdfunding campaigns. NextGen stated it is now… Read More

December 1, 2016 @ 11:58 am By Samantha Hurst  |  

Connecticut Innovations (CI) announced on Thursday it invested $1.5 million in Dream Payments, a fintech company that provides a cloud-based mobile payment platform for merchants and financial institutions. CI stated that the $1.5 million investment will help to further fuel the growth of Dream’s market share… Read More

December 1, 2016 @ 10:02 am By Erin Hobey  |  

TWINO Group, a European consumer lender which has been operating since 2009 with its P2P lending platform launching in 2015, provides unsecured consumer loans for private individuals in ten countries, including Poland, Russia and Georgia, with an intention to move into Mexico. TWINO’s P2P lending platform offers… Read More

December 1, 2016 @ 9:33 am By Samantha Hurst  |  

Honeyfund, a crowdfunding platform dedicated to honeymoons, announced on Thursday the launch of its new universal travel and experience gift card. According to the funding portal, the Honeyfund Gift Card recipients can redeem the card for unlimited travel experiences from top partners including Hotels.com, Delta Air Lines, Royal… Read More

December 1, 2016 @ 9:33 am By Erin Hobey  |  

Societe Generale today announced a new agreement with Smartkarma, an informational online investment platform which focuses on the Asian markets. Under this global agreement, Societe Generale will provide its institutional clients access to a new form of equity research based on demand driven and customised… Read More

December 1, 2016 @ 9:16 am By Erin Hobey  |  

National Funding, this year’s title sponsor of the Holiday Bowl, announced today that the platform has pledged up to $100,000 to match all public ticket donations for first responders and military service members. To date, National Lending has deployed more than $1.5 billion nationally. The San Diego business community… Read More

December 1, 2016 @ 9:00 am By Samantha Hurst  |  

PledgeMusic’s co-founder Malcolm Dunbar has reportedly signed a new long-term deal with the crowdfunding platform and is set to continue as its UK and Europe president, along with other new international duties. According to PledgeMusic, Dunbar’s stewardship has led the crowdfunding platform to its most successful… Read More

December 1, 2016 @ 9:00 am By Erin Hobey  |  

PeerIQ, a data and analytics provider in the marketplace lending sector, and TransUnion (NYSE: TRU), a global information solutions provider, today announced a strategic partnership to bring enhanced transparency and insight to alternative lending markets. “Our partnership with TransUnion is a significant milestone for us, and… Read More

November 30, 2016 @ 3:20 pm By Samantha Hurst  |  

Real estate crowdfunding platform RealtyShares announced on Wednesday it has appointed Bill Lanting as Vice President of Commercial Debt Originations. Lanting reportedly brings real estate financing experience to RealtyShares and was previously an executive with Radisson and Wyndham Hotels. Nav Athwal, RealtyShares Founder and CEO,… Read More

November 30, 2016 @ 2:32 pm By Samantha Hurst  |  

On Tuesday, New York City-based Crowdnetic Corporation announced it has officially rebranded to FinMkt. The company revealed the rebranding will allow the company to better communicate its core focus on marketplace technology solutions for financial services. FinMkt is looking to help organizations deploy marketplace solutions in… Read More

November 30, 2016 @ 1:44 pm By Samantha Hurst  |  

On Wednesday, GoFundMe announced campaigns on its crowdfunding platform raised more than $7.4 million on #GivingTuesday 2016. The website confirmed it was the largest single day of giving in its history. GoFundMe confirmed the campaigns on its platform received a 46% increase in funds from… Read More