General News

November 1, 2016 @ 6:24 pm By Samantha Hurst  |  

Marketplace lender Funding Circle reportedly lent out more just a little over £95 million for the month of October and broke the UK’s monthly origination volume record. AltFi revealed that according to its data, Funding Circle has officially lent more than £1.6 billion for over… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

November 1, 2016 @ 4:17 pm By Samantha Hurst  |  

On Tuesday, alternative lender iwoca announced it is set to receive referrals from NatWest as part of the website’s new expanded panel of alternative lenders, Capital Connections. According to the companies, Capital Connections build on NatWest’s existing partnerships and creates even more opportunities for users… Read More

November 1, 2016 @ 3:26 pm By Samantha Hurst  |  

On Tuesday, RedCrow officially launched its equity crowdfunding platform. that is dedicated to investments in the healthcare and medtech sectors. RedCrow was founded by a former Morgan Stanley financial Advisor, CEO Brian Smith, and Rock and Roll Hall of Famer and entrepreneur, chairman Jerry Harrison. The… Read More

November 1, 2016 @ 2:45 pm By Samantha Hurst  |  

Alibaba’s financial affiliate Ant Financial has reportedly invested in and has formed a strategic partnership with Thailand-based fintech company, Ascend Money. This news comes just a few months after the company previously planned to acquire 20% in Ascend Money. According to CNBC, the companies revealed that… Read More

November 1, 2016 @ 1:23 pm By Samantha Hurst  |  

On Monday, Latvia’s peer-to-peer lending marketplace Mintos announced it would be hosting Creamfinance loans, which are currently averaging from €50 to €1,000 with a repayment deadline of 5 to 30 days. Mintos revealed that the non-bank credit lender would offer short-term, unsecured consumer loans issued in Denmark… Read More

November 1, 2016 @ 1:05 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is one of a dozen or so federal agencies that has regulatory oversight on financial institutions. Financial innovation or Fintech is challenging long-held processes and firms and the OCC is attempting to update and adjust to… Read More

November 1, 2016 @ 12:02 pm By Samantha Hurst  |  

San Francisco fintech company, Ripple, announced on Tuesday it has appointed president and chief operating officer, Brad Garlinghouse, as its new CEO. Former CEO, Chris Larsen will be stepped down from the role to become executive chairman of the company’s board of director. Ripple reports… Read More

November 1, 2016 @ 11:00 am By Samantha Hurst  |  

Classy, a cloud-based fundraising platform that helps nonprofits and social enterprises mobilize and empower communities, announced on Tuesday it raised $30 million during its Series C funding round, which was led by JMI Equity with participation from existing investors Bullpen Capital, Galileo Partners, Mithril Capital Management,… Read More

November 1, 2016 @ 10:43 am By Samantha Hurst  |  

On Tuesday, Kickstarter announced the launch of its new live video and real-time community engagement feature, Kickstarter Live. The funding portal revealed the feature was built in collaboration with Vancouver-based startup Huzza, and a select few creators have been beta testing Kickstarter Live over the past few… Read More

November 1, 2016 @ 9:41 am By JD Alois  |  

UK research firm Beauhurst is out with their Q3 report on equity investment  in non-listed UK firms. The authoris state that equity funding rounds continues to fall delivering three consecutive quarters of decline. According to the Deal report, there are three different reasons for the… Read More

November 1, 2016 @ 9:36 am By Samantha Hurst  |  

On Monday, Morningstar, Inc. (NASDAQ: MORN), announced it has appointed Mitch Shue to chief technology officer and James Rhodes to chief data officer. The company also reported that it has expanded its global headquarters in Chicago for its technology employees. Shue is responsible for Morningstar’s long-term technology… Read More

November 1, 2016 @ 5:50 am By Erin Hobey  |  

Launched in Barcelona’s Gràcia neighborhood during the summer of 2014 by Venezuelan friends Alejandro Bringas and Juan Lattuf who met working while catering, Chivuo’s mission is to provide high quality Slow Street Food and craft beer, including crowd favorite Garage Beer. The hot spot’s name appeals to men with beards, because Bringas and… Read More

November 1, 2016 @ 5:35 am By Erin Hobey  |  

Folk2Folk, a UK P2P business lender, today announced its expansion plans with the aim of lending £1bn in business loans by 2020, with its newest branch opening in Gloucestershire today. Folk2Folk plans to open another seven branches across the UK in 2017 with Harrogate set to open in… Read More

November 1, 2016 @ 4:59 am By Erin Hobey  |  

BMO Financial Group CEO Bill Downe today announced that Frank Techar is appointed Vice-Chair, BMO Financial Group, effective today;  Techar is currently the COO. Darryl White will succeed Techar as COO, BMO Financial Group, according to a release. During his 22 years with BMO Financial Group… Read More

November 1, 2016 @ 4:05 am By Erin Hobey  |  

Meetzoo, launched its open beta on iPhone earlier this month, aims to secure £150,000 of first stage investment within 30 days. The platform has already £40,890 within the first day of funding from over 29 investors. Investors will receive a share of the 16.67% equity stake being… Read More

November 1, 2016 @ 4:00 am By JD Alois  |  

New research released by Nesta indicates the sharing economy is woefully untapped. Nesta states this disconnect is quite pronounced when it comes to social objectives. In a nationwide survey conducted by TNS Global, just 9% of British adults indicated they used a collaborative economy platform… Read More

October 31, 2016 @ 8:52 pm By Samantha Hurst  |  

NextGen Crowdfunding reported on Monday that investor commitments for Title III equity crowdfunding campaigns have officially surpassed $10 million. NextGen is tracking Title III companies through its “NextGen Dashboard.” The dashboard notably displays investor commitments progress since the new crowdfunding regulations went into effect less than… Read More

October 31, 2016 @ 3:54 pm By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

October 31, 2016 @ 12:11 pm By Samantha Hurst  |  

Riskalyze, a company that empowers thousands of advisors to align each client’s investments with its Risk Number, announced on Monday it secured a $20 million minority growth equity investment, which was led by FTV Capital. The company stated that the investment is considered its first outside… Read More