General News

September 28, 2016 @ 11:54 am By Samantha Hurst  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced on Tuesday it has been named an inaugural member of the Internet Financial Industry Information Sharing Platform(IFIISP). According to the company, the IFIISP was launched by China Internet Finance Association (CIFA) and aims to… Read More

September 28, 2016 @ 10:46 am By Samantha Hurst  |  

Qumram, a global provider of digital interaction audit solutions for the financial services industry, announced on Wednesday the launch of its new solution for recording end-to-end encrypted social media interactions through WhatsApp. Patrick Barnert, CEO at Qumram, shared details about the new solution and stated: “We… Read More

September 28, 2016 @ 9:33 am By Samantha Hurst  |  

This week, fintech startup AlphaStreet announced the launch of its new iOS app dedicated to on-the-go individual investing. The free app allows users to access their accounts directly from their iPhone. Sharing details about the app, Vishnu Beri, CEO of AlphaStreet, stated: “AlphaStreet’s goal is to make investing… Read More

September 28, 2016 @ 8:21 am By Samantha Hurst  |  

Centaur Analytics, a Greece-based AgTech IoT startup that provides real-time stored agriproducts monitoring and protection solutions, announced on Wednesday it has raised $1.3 million during a recent funding round, which was led by seed-stage venture fund OurCrowd First. The company stated the funds will be used… Read More

September 28, 2016 @ 7:42 am By Erin Hobey  |  

The Best German Tourism Startup winner of 2015 by Verband Internet Reisevertrieb, Beach-Inspector records and digitizes beaches worldwide and makes the images available online to travelers.  The platform launched its crowdfunding campaign with Companisto yesterday, already bringing in more than 113,070€ from over 130 investors… Read More

September 28, 2016 @ 6:59 am By Erin Hobey  |  

Chennai, India-based online financial marketplace, BankBazaar announced the addition of $736K (SGD 1 Mn) growth capital into its Singapore arm, BankBazaar International, according to a release.  The funds will be used to scale technology, and strengthen the expansion strategies, as well as to establish its first financial marketplace in… Read More

September 28, 2016 @ 6:39 am By Erin Hobey  |  

We’ve been awaiting updates on Marcus, Goldman Sachs’ much anticipated online lending platform named for bank’s cofounder Marcus Goldman which may go live as early as October. Stephen Scherr, Goldman Sachs Global Head of the Financing Group, revealed more about Marcus on Tuesday, reported the WSJ, noting that… Read More

September 28, 2016 @ 6:00 am By Erin Hobey  |  

Last week, P2P Global Investments and Zopa teamed up to work on Europe’s first securitization of unsecured consumer loans originated online. dedicated to investing in loans originated via marketplace platforms, and was arranged by Deutsche Bank. “This is an exciting milestone in Zopa’s journey. The securitisation process has… Read More

September 27, 2016 @ 3:55 pm By Samantha Hurst  |  

On Tuesday, Minnesota-based software company, SportsEngine, announced it has acquired RallyMe, a crowdfunding platform that dedicated to sports. The funding portal has notably helped athletes, teams, and national governing bodies raise the funds needed for various sports and events. Sharing details about the acquisition, Justin Kaufenberg,… Read More

September 27, 2016 @ 1:50 pm By Samantha Hurst  |  

On Tuesday, OnDeck (NYSE: ONDK) announced it has teamed up with real estate entrepreneur and Shark Tank judge, Barbara Corcoran, for its new national marketing campaign.  The online lender stated that starting October, Corcoran will be featured in television and radio commercials and customer communications emphasizing OnDeck’s unique ability to… Read More

September 27, 2016 @ 12:17 pm By Samantha Hurst  |  

On Tuesday, the Chamber of Digital Commerce announced it formed a partnership with technology incubator, 1776, to open the Blockchain Innovation Center in Washington, D.C. The organizations revealed that the center would serve as the city’s entrepreneurial resource for technology providers and governments investing and innovating… Read More

September 27, 2016 @ 11:14 am By Samantha Hurst  |  

Radius Bank, a full-service bank serving consumers through its virtual platform, announced on Tuesday it was adding Samsung Pay and Android Pay to its mobile payment options. The bank’s debit cardholders may now add their card to any eligible device to make purchases anywhere Samsung Pay… Read More

September 27, 2016 @ 10:19 am By Samantha Hurst  |  

Able Lending, a low-cost online lender in the nation for small businesses, announced on Tuesday it secured $100 million in debt financing from Community Investment Management (“CIM”). The company announced the funds would be used to make more low-cost loans towards growing small businesses. The Able Lending team… Read More

September 27, 2016 @ 9:25 am By Erin Hobey  |  

What to do when eCommerce goes global? Partner up with fintech. Rakuten.com, a leading US eCommerce marketplace, has announced its collaboration with Payoneer, an online payments company disrupting the way businesses send and receive cross-border payments. The new offering allows global merchants to sell on Rakuten.com and… Read More

September 27, 2016 @ 9:02 am By Erin Hobey  |  

After 5 years, 4 months and 10 days marketplace lender Funding Circle hit £1 billion lent, and now, a mere 9 months later, the platform blogged its newest record, £1.5 billion lent. Funding Circle investors numbering over 50,000 have helped more than 16,000 businesses across the country. Independent research published by the… Read More

September 27, 2016 @ 8:38 am By Erin Hobey  |  

PINTEC Group, a leading Chinese fintech platform, today announced it will spinoff P2P lending platform Jimubox into an independent company, JIMU Group. Jimubox was a wholly-owned subsidiary of PINTEC Group, which holds a diversified group of financial technology businesses operating in the digital consumer lending… Read More

September 27, 2016 @ 8:13 am By Samantha Hurst  |  

StartEngine, one of the leading investment crowdfunding platforms in the U.S., announced the launch of its innovative investor referral competition, Refer And Earn. Starting today (September 27th), the first person to refer the most investors who join the website by December 31st will win a grand… Read More

September 27, 2016 @ 8:09 am By Erin Hobey  |  

Beyond Bank Australia has announced its equity stake in SocietyOne, reported Australian Broker, having acquired A$1.5 million worth of shares in marketplace lender, as well as agreeing to increase its funding arrangement to A$10M. Earlier this year, SocietyOne raised A$25M capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining… Read More

September 27, 2016 @ 7:29 am By Erin Hobey  |  

Financeit, a provider of home improvement financing solutions, has tapped Capital One Canada’s Ian Hanning as its new CFO to help lead the platform into its next stage of maturity, expanding its market share in the point-of-sale financing industry. “Fintech is still in its infancy stage in Canada but it… Read More

September 26, 2016 @ 3:51 pm By JD Alois  |  

Orchard platform in their weekly report addressed the most recent ABS East conference – a hot Wall Street gathering on all things securitization. This year opening remarks were delivered by Steve Eisman who was made famous by his depiction in the Hollywood film the Big… Read More