General News

October 19, 2016 @ 7:22 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released data for member platforms for Q3 2016. According to their numbers, new P2P loans hit £700,374,000 driving cumulative lending to just under £6.5 billion. Aggregate lending was an improvement over year prior quarter indicating ongoing… Read More

October 18, 2016 @ 3:03 pm By Samantha Hurst  |  

On Tuesday, Kickstarter announced its new reward scheduling feature, which will notably make engaging backers and building excitement easier. The rewards-based crowdfunding platform shared that in addition to setting backer limits on rewards, campaign creators will now be able to set a time-based limit. It… Read More

October 18, 2016 @ 10:37 am By Samantha Hurst  |  

On Tuesday online lender for small business OnDeck (NYSE: ONDK) announced it is teaming up with Shark Tank star Barbara Corcoran for its annual Seal of Approval Contest. This is the second year that the lender and Corcoran have formed a partnership to help three small businesses take home… Read More

October 18, 2016 @ 9:45 am By Erin Hobey  |  

This Capital Cell crowfunding campaign is a unique opportunity to co-invest with an undisclosed VC firm in Era7 Bioinformatics, a Spanish company focused on the revolution of the Microbiome and providing new solutions to address the problem of antibiotic resistance. Era7 Bioinformatics uses its own algorithms… Read More

October 18, 2016 @ 6:05 am By Erin Hobey  |  

FinTech Sandbox, an innovative nonprofit helmed by Jean Donnelly that provides FinTech startups free access to financial data and infrastructure to accelerate development, today announced a series of events highlighting the innovative FinTech solutions Sandbox participants have built. Demo Day 3.0, with presentations from US-… Read More

October 17, 2016 @ 3:19 pm By Erin Hobey  |  

Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures (“Portag3”), focused on the fintech sector. Felesky, a co-founder and former CEO of Horizons ETFs, has been named President and will run day-to-day operations at the fund. Paul Desmarais III,… Read More

October 17, 2016 @ 3:04 pm By Erin Hobey  |  

The Federal Trade Commission announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on 26 October at the Constitution Center auditorium, located at… Read More

October 17, 2016 @ 2:29 pm By Erin Hobey  |  

WorldRemit, a global digital remittances service platform based in the UK, today announced that Rhode Island residents can now securely send money overseas via its mobile app.  WorldRemit touts availability in US, DC and Puerto Rico. WorldRemit has targeted its service for immigrants in the U.S., allowing them to send money instantly… Read More

October 17, 2016 @ 2:24 pm By Samantha Hurst  |  

Real estate marketplace lending platform Money360 announced on Monday it has provided an $800,000 bridge for the acquisition of a newly-constructed, single-tenant retail building, located in Raymond, Illinois. According to Money360, the borrower has secured a loan through its platform and was able to close before its 1031-exchange… Read More

October 17, 2016 @ 9:11 am By Erin Hobey  |  

AMG Sicherheitstechnik, a German-based company with 12 years of experience in counseling and sales and over 50,000 clients worldwide, has launched the burglar chasing system branded Alarmtab. While nationwide sales in Germany started in August 2016, the platform plans to launch the system globally with Companisto… Read More

October 17, 2016 @ 5:21 am By Erin Hobey  |  

CAN Capital, Inc., a market share leader in alternative small business finance, announced that the company will speak at and sponsor Money 20/20. CAN Capital CEO Daniel DeMeo will will discuss the alternative finance industry’s massive growth over the past year and how that has impacted the small business… Read More

October 15, 2016 @ 10:27 am By Samantha Hurst  |  

Earlier this week, CEO of peer-to-peer lending platform Zopa Jaidev Janardana took to the stage of the marketplace lending conference, LendIt Europe, to share details about the industry’s growth and development over the past year. During his keynote speech, “2016: Growing Up,” Janardana noted despite… Read More

October 14, 2016 @ 4:22 pm By Samantha Hurst  |  

Real estate crowdfunding platform, Wealth Migrate, announced on Friday it placed top 3 at the first annual African Fintech Awards, which was held on Thursday at the Sandton Convention Center. The new event notably celebrates innovators in finance and acknowledges the work they do to make a… Read More

October 14, 2016 @ 3:03 pm By JD Alois  |  

PwC has published a report on venture capital indicating that $10.6 went into early stage companies during the 3rd quarter of 2016. The MoneyTree Report, based on data provided by ThomsonReuters, showed that venture capital declined by 36% in total number of deals and by… Read More

October 14, 2016 @ 1:55 pm By Samantha Hurst  |  

Following the release of LendInvest’s latest financial results, co-founder Christian Fae announced the investment platform’s latest updates. Faes also revealed more details about the platform’s growth and development: “We built an online investment platform where people could invest their money in property loans, hand-picking their… Read More

October 14, 2016 @ 12:33 pm By Samantha Hurst  |  

On Friday, equity crowdfunding platform Crowdcube announced it was named the winner of the 2016 Money Age Awards’ Innovation in Consumer Finance award. The funding portal revealed on Twitter the exciting news: Very proud to say team @Crowdcube won the ‘Innovation in Consumer Finance’ award at… Read More

October 14, 2016 @ 11:40 am By Samantha Hurst  |  

This week, Kiwibank, along with its partner Creative HQ, announced they have teamed up with Simmonds Stewart, which will reportedly act as legal counsel for Kiwibank’s new fintech accelerator program. As previously reported, Kiwibank announced the launch of its new fintech accelerator in New Zealand…. Read More

October 14, 2016 @ 10:55 am By Samantha Hurst  |  

On Friday, Staples announced it has teamed up with pop sensation Katy Perry to help hundreds of teachers through its new 2016 student program. The company revealed that the program, which debuted earlier this year, has already fulfilled $1 million in classroom projects through DonorsChoose…. Read More

October 14, 2016 @ 8:50 am By Samantha Hurst  |  

On Thursday, Kickstarter announced it is set to host its very own “Ghost Arcade” Games Festival at BRIC in Fort Greene Brooklyn on October 29th. The reward-based crowdfunding platform stated that visitors would get to experience both video and table games from New York-based creators…. Read More

October 13, 2016 @ 5:19 pm By JD Alois  |  

Louise Beaumont, the long-time Head of Public Affairs & Marketing of GLI Finance has departed the firm. According to her LinkedIn profile, Beaumont has taken a position as Vice-Chair of the Open Bank Working Group. Beaumont has been an outspoken advocate of alternative finance and the… Read More