General News

November 11, 2016 @ 3:18 pm By Samantha Hurst  |  

Hong Kong-based Monexo announced this week it is looking to expand its peer-to-peer lending operations in the city of Kolkata. Founder and CEO of Monexo, Mukesh Bubna confirmed that the lender is going to start with services for personal loans.  Bubna revealed: “We have taken an… Read More

November 11, 2016 @ 1:47 pm By Samantha Hurst  |  

Toast, a Singapore fintech startup, has reportedly secured $1.5 million during a pre-Series A funding round, which was led by Aetius Capital with participation from 1776 and Pepper Group. Toast is described as a peer-to-peer money transform application that allows Filipino users in Hong Kong… Read More

November 11, 2016 @ 12:33 pm By Jason Best & Sherwood Neiss  |  

How Donald Trump Can Leverage Crowdfunding Under Reg CF to Double GDP Growth President-elect Trump made it a hallmark of his campaign to double GDP growth. According to Karen Kerrigan, President of the Small Business and Entrepreneurship Council; “His agenda of lowering taxes, simplifying the… Read More

November 11, 2016 @ 9:14 am By JD Alois  |  

Investment crowdfunding offers for  young automotive companies like Elio Motors and Dubuc have generated significant investor interest.  Recognizing this phenomena, the Crowd Invest Summit has added three additional companies to its roster of participants at their forthcoming event being held on the Los Angeles Convention… Read More

November 11, 2016 @ 8:56 am By Samantha Hurst  |  

Smart Token Chain, a blockchain specialist in the fintech sector, announced on Thursday it completed its first full smart token transaction across the Ripple Network.The company reported Ripple gives it access to a wide range of partners and customers without having to establish a digital… Read More

November 10, 2016 @ 5:30 pm By Jessica Pham  |  

Secretary General of the Financial Stability Board (FSB) Svein Andresen announced at a Chatham House conference in London earlier this month that Fintech firms looking to disrupt traditional banking and financial systems are not yet posing an immediate threat, according to Reuters. He noted, however, that the… Read More

November 10, 2016 @ 5:05 pm By Samantha Hurst  |  

Citi announced on Thursday the launch of its new global API Developer Hub. The high profile banking brand revealed the hub was created as a way to connect with developers and enable them to build innovative client solutions. Citi reported that through the global API… Read More

November 10, 2016 @ 2:58 pm By Samantha Hurst  |  

On Wednesday, New York University’s Stern School Business held its inaugural Fintech Conference. The event addressed critical issues in the fintech industry, which included regulations to public policy, equity crowdfunding, marketplace investing, and blockchain technology. Dan Schulman, president and CEO of PayPal, was the keynote speaker. Raghu… Read More

November 10, 2016 @ 2:07 pm By Samantha Hurst  |  

On Thursday, Biz2Credit announced its recent Small Business Lending Index report revealed that loan approval rates at big banks and institutional lenders improved to all-time highs in October 2016. The report stated that small business loan approval rates at big banks improved to 23.5% during… Read More

November 10, 2016 @ 12:57 pm By Samantha Hurst  |  

Financial Services Union Denmark, the City of Copenhagen and the Danish Bankers Association announced the opening of the new fintech hub, Copenhagen Fintech.  Copenhagen Fintech is described as a non-profit association open to companies and organizations with interests within the fintech area. The hub was notably established… Read More

November 10, 2016 @ 10:51 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More

November 10, 2016 @ 10:17 am By Erin Hobey  |  

The P2P bond platform UK Bond Network received full authorization as a financial services provider from the UK Financial Conduct Authority (FCA). The approval marks the end of a several months’ review in which the company’s processes, systems, policies, levels of compliance and risk management have undergone… Read More

November 10, 2016 @ 9:58 am By Erin Hobey  |  

Currently Russia’s emerging crowdfunding sector accounts for less than 500 million rubles (USD 7,748,755) in total liabilities, and shows disproportion of different segments and high volatility. The Central Bank of Russia (CBR) has initiated a working group of market experts from more than ten local crowdfunding platforms for the development… Read More

November 10, 2016 @ 9:29 am By Erin Hobey  |  

A group of fintech companies demonstrated their products and services during the third annual FinTech Innovation Lab Asia-Pacific Investor Day. Launched by Accenture (NYSE:ACN) in June 2014, the FinTech Innovation Lab is a 12-week mentoring program to enhance fintech innovation and drive high-tech job growth in Asia-Pacific… Read More

November 10, 2016 @ 8:46 am By Samantha Hurst  |  

Student loan marketplace Credible announced on Wednesday it has formed a partnership with the Massachusetts Educational Financing Authority (MEFA).  The organization will now be offering student loan refinancing to borrowers nationwide through Credible’s multi-lender platform. Credible will reportedly allow borrowers to request personalized rates from MEFA and other partner… Read More

November 9, 2016 @ 4:06 pm By Samantha Hurst  |  

Continuing to build excitement for its highly anticipated three-wheel vehicles and its growth, Elio Motors recently discussed the possibility of producing its own fleet of electric cars.  In a recent blog post, the Elio team stated the reason why the first version of their vehicles… Read More

November 9, 2016 @ 11:53 am By Samantha Hurst  |  

Earlier this week, leading UK-based investment crowdfunding platform SyndicateRoom announced it was named Best Investment Platform and Industry Game Changer at this year’s Growth Investor Awards. The event celebrated the role of the UK SME fund management community in both job and wealth creation. It also recognizes… Read More

November 9, 2016 @ 10:17 am By Samantha Hurst  |  

Online commercial mortgage marketplace lender, LendInvest, announced it was named Best Short Term Lender at the NACFB Awards. The fourth annual event was held last week at the Park Plaza Hotel on Westminster Bridge in London and recognized companies in the lending industry.  Sharing details about… Read More

November 9, 2016 @ 8:45 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) says the Africa & Middle East Alternative Finance Report is scheduled to be published this December. The project was originally announced in June 2016. Alongside this report, CCAF will be working with FSD Africa ( a financial sector… Read More

November 8, 2016 @ 4:56 pm By Samantha Hurst  |  

On Tuesday, financial innovation firm R3 announced it is teaming up with the Monetary Authority of Singapore (MAS) to launch its dedicated distributed ledge technology (DLT) Center of Excellence in Asia. This is part of the company’s region expansion plans. The new R3 Asia Lab… Read More