General News

May 10, 2016 @ 8:14 am By JD Alois  |  

The shock waves are still being felt around the global marketplace lending industry following the removal of Lending Club CEO and co-founder Renaud Laplanche. Lending Club has been the marquee sponsor of industry gathering Lendit in past years. The most recent gathering in San Francisco… Read More

May 8, 2016 @ 7:17 pm By JD Alois  |  

The Securities and Exchange Commission has stepped up its public campaign against investment fraud in recent months. Either via social media or paid commercials, the SEC is clearly concerned as finance inevitably moves online.  This should come as no surprise to anyone that follows the… Read More

May 8, 2016 @ 6:22 pm By JD Alois  |  

PayPal has announced it will no longer provide Purchase Protection for rewards-based crowdfunding campaigns. Beginning June 25th, if you used PayPal to support a crowdfunding campaign on Indiegogo (Kickstarter does not use PayPal) and you have backers regret – you are out of luck. Until… Read More

May 6, 2016 @ 5:05 pm By JD Alois  |  

VPC Specialty Lending Investments PLC reported that during the first quarter of 2016, the Company’s returns have been “somewhat muted” despite credit performance of the portfolio as a whole continuing to meet VPC’s expectations. VPC stated the lower returns were due to various factors that… Read More

May 6, 2016 @ 3:20 pm By Samantha Hurst  |  

On Friday, motion picture production and distribution giant, Lionsgate (NYSE: LGF), announced that the super popular web series Con-Man is heading to new video streaming platform, Comic-Con HQ, this summer. Last year, Firefly duo, Nathan Fillion and Alan Tudyk took to Indiegogo with a mission to raise funds for the web… Read More

May 6, 2016 @ 10:09 am By JD Alois  |  

Rating’s agency Moody’s has published a report that is critical of the marketplace lending sector. Pointing to the class action lawsuit filed in a US District Court against Lending Club (NYSE:LC) on April 6th, Moody’s states that owners of Asset-Backed Loans (ABS) face legal challenges… Read More

May 6, 2016 @ 8:34 am By Samantha Hurst  |  

Lendio, an online service that helps business owners find small business loans, announced on Friday its top 10 best states for small business lending. This list was created in celebration of National Small Business Week and is based on lending data from the platform, which… Read More

May 5, 2016 @ 2:05 pm By Erin Hobey  |  

CrowdDays, reportedly the largest event focusing on crowdfunding in Spain, is celebrating its second year. In 2015, there were events in both Madrid and Barcelona; this year, events will be held in the original cities as well as in Bilbao and Valencia that focus on crowdfunding… Read More

May 5, 2016 @ 1:32 pm By Erin Hobey  |  

Having surpassed its initial Indiegogo campaign by over $831K, Flux electric bikes has flexed its crowdfunding muscle in partnership .  With 24 days remaining on their extended campaign, over 1,241 backers have invested over $881,765 to easily surpass the electric bike’s initial campaign goal of $50,000 and their stretch… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

May 5, 2016 @ 9:59 am By Samantha Hurst  |  

On Thursday, New Zealand crowdfunding platform, PledgeMe, announced that it has not only appointed one but two new members of its board of directors. The portal revealed that interim group executive of Direct Banking for Rabobank Australia and New Zealand, Melanie Templeton, will be stepping into… Read More

May 5, 2016 @ 9:42 am By Samantha Hurst  |  

Danae Ringelmann, co-founder of global platform Indiegogo, recently sat down with Inc. to discuss which crowdfunding project is in fact her favorite. During her interview, Ringelmann stated: “You know, I’m an underdog person. I always like rooting for the underdog, the crazy ideas, the ones… Read More

May 5, 2016 @ 8:36 am By JD Alois  |  

Israel is one of the hottest startup ecosystems in the world today. The small country has consistently punched above its weight class by turning out consecutive startup hits – many in the Fintech sector. The highly educated, risk-embracing Israelis have taken the title of Startup Nation…. Read More

May 5, 2016 @ 8:27 am By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of open, transparent and connected financial markets for 10,000 U.S. and global securities, announced on Wednesday its financial results for the first quarter 2016. R. Cromwell Coulson, president and CEO of OTC Markets, stated: “During the first quarter,… Read More

May 4, 2016 @ 4:06 pm By Samantha Hurst  |  

On Wednesday, software global company, Progress, announced that is working with Rangle.io and Google to provide mico-lending platform, Kiva, better applications between its lenders and borrowers. Currently, Kiva’s community is reportedly made up of 1.4 million lenders that have crowdfund more than $2.5 million in loans… Read More

May 4, 2016 @ 3:29 pm By JD Alois  |  

In contrast to what we are hearing from some other online lending platforms, Lending Tree (NASDAQ:TREE) reported strong Q1 results this morning. Earnings per share (EPS) came in at $0.76 topping the Capital IQ consensus number of $0.74/share.  The top line number was $94.7 versus… Read More

May 4, 2016 @ 2:08 pm By JD Alois  |  

The US Department of Treasury has announced its intent to release a white paper next week pertaining to their review of the marketplace lending industry (orginally labeled peer to peer lending). The document is expected to encapsulate the many comment letters submitted to Treasury following… Read More

May 4, 2016 @ 10:27 am By Samantha Hurst  |  

In celebration of Mother’s Day, crowdfunding portal Indiegogo sat down with various “mom entrepreneurs” to discuss how they juggle motherhood while continuing to make products and organizations. The global platform declared: “This Mother’s Day, we’re going to do something different. Besides showing you all of… Read More

May 4, 2016 @ 9:37 am By Samantha Hurst  |  

Roofstock, an online marketplace for investing in leased single-family rental (SFR) homes, announced this week it is expanding into the Atlanta and San Francisco East Bay region.  CEO and co-founder of Roofstock, Gary Beasley, stated: “Atlanta and the San Francisco East Bay are very active… Read More

May 4, 2016 @ 9:17 am By JD Alois  |  

Crowdfund Insider Senior Contributor Anthony Zeoli has received a nice recognition from his hometown. Zeoli, a partner at Freeborn & Peters law firm, was recently acknowledged as the Innovator of the Year Award from the Small Business Advocacy Council (SBAC) of Chicago.  Zeoli, as many people… Read More