General News

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

September 26, 2016 @ 1:51 pm By Samantha Hurst  |  

Bondora, a European peer to peer lender based in Estonia, announced last week the launch of its own refer-a-friend offer. The company stated users may now earn an extra income by introducing their friends to its website. The Bondora team stated anyone who joins with a… Read More

September 26, 2016 @ 12:45 pm By Samantha Hurst  |  

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a global IT services, consulting and business solutions organization, announced on Monday it has been named number one of the 2016 IDC Financial Insights FinTech Rankings Top 100. The company stated it earned the top position for… Read More

September 26, 2016 @ 11:13 am By Samantha Hurst  |  

On Monday, co-founder and CEO of Kickstarter, Yancey Strickler, announced the official launch of the funding portal’s new project, The Creative Independent.  As previously reported, The Creative Independent is described as a “growing” archive of the creative processes and is on a mission to help… Read More

September 26, 2016 @ 8:51 am By Samantha Hurst  |  

On Monday, Zoopla (LSE:ZPLA) announced the launch of its new  “invest” channel, which reportedly offers consumers and would-be property investors the opportunity to gain exposure to the UK property market. According to the property website, the new channel includes a peer-to-peer lending solution, in partnership with Landbay. It also… Read More

September 23, 2016 @ 4:41 pm By Samantha Hurst  |  

Last week, crowdfunding platform Tilt announced the launch of its new event hosting feature, Ticketing With Tilt. Co-founder and CEO of Tilt, James Beshara, stated Ticketing With Tilt gives users the ability to automatically issue tickets with a QR code, which will quickly check in… Read More

September 23, 2016 @ 3:31 pm By Samantha Hurst  |  

San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More

September 23, 2016 @ 11:46 am By Samantha Hurst  |  

  On Friday, Crowdcube alum Hybrid Air Vehicles announced it was nominated for the 2016  Wired Audi Innovation Awards. This award show is designed to highlight and celebrate people (or businesses) achieving extraordinary things. Hybrid Air Vehicles shared the exciting news on Twitter: We’ve been nominated for the #wiredaudiawards… Read More

September 23, 2016 @ 10:17 am By JD Alois  |  

Every now and then the Federal Reserve kicks out some interesting research regarding Fintech and alternative finance. During the waning days of summer of 2015, the Federal Reserve of Cleveland published a report on online lending entitled; “Alternative Lending Through the Eyes of Mom &… Read More

September 22, 2016 @ 3:36 pm By Samantha Hurst  |  

RateSetter, one of the UK’s largest marketplace lenders, reported on Thursday that since its launch in 2010 investors have pocketed more than £50 million in interest, earning an average rate of 4.7%.  According to the lender, investors use its website to lend money to individuals,… Read More

September 22, 2016 @ 12:17 pm By Samantha Hurst  |  

On Wednesday, crowdfunding platform GoFundMe announced the launch of its new college scholarship. The new scholarship will present 10 college or post-graduate students with $10,000 that will go towards tuition costs. The funding portal revealed over few years students, teachers and parents have turned to its… Read More

September 22, 2016 @ 12:02 pm By Samantha Hurst  |  

This week, Experian and Nav announced they have formed a strategic partnership to provide transparency and financial access to millions of small businesses. The companies will offer businesses owners with the personal and business credit data that lenders use to evaluate them, tools to help improve… Read More

September 22, 2016 @ 9:48 am By JD Alois  |  

EY, in collaboration with Innovate Finance, has published a report on the need for investment banks to collaborate with Fintech firms and embrace innovation.  Entitled Capital Markets: Innovation and the Fintech Landscape, the authors state that while Fintech may have started with P2P lending, equity… Read More

September 22, 2016 @ 7:03 am By Erin Hobey  |  

Equity Bank and Safaricom, a Kenyan lending platform and a telecom platform, are courting PayPal customers seeking to make transfer account funds more quickly and easily, according to Business Daily Africa.  The agreement signed by Equity Bank means customers can now cash their PayPal accounts in three days instead of the earlier… Read More