General News

April 11, 2016 @ 2:46 pm By Erin Hobey  |  

Able, a low-cost online lender in the nation for small businesses, averages a 10.7% interest rate – today announced its True Rate Calculator at LendIt USA. Starting today, small businesses owners across the country can discover the actual rate they are paying on high-interest short term loans… Read More

April 11, 2016 @ 2:02 pm By Samantha Hurst  |  

On Monday, organizers of the online lending conference, LendIt, announced the launch of LendIt China 2016, its inaugural Chinese conference, which will take place in Shanghai on July 17-18, 2016. According to LendIt, the event will bring together the marketplace lending platforms from all over the world… Read More

April 11, 2016 @ 12:24 pm By Erin Hobey  |  

Standard Chartered and SuperCharger announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.  The programme was launched in October 2015 to find top FinTech start-ups to participate in a 12-week structured curriculum which aims to help them grow in Asia. “Standard… Read More

April 11, 2016 @ 12:22 pm By Samantha Hurst  |  

Sharestates announced on Monday that it has surpassed $300 million in total funds set aside for the purchase of loans. The investment portal that allows investors to participate in  pre-vetted real estate projects. The company stated that its recent growth was fueled by its partnerships with Colony American Finance and Prime Meridian… Read More

April 11, 2016 @ 11:58 am By Erin Hobey  |  

 Kickfurther, a leading inventory and invoice financing marketplace that connects companies and buyers seeking qualified short-term deal financing, and NSR Invest, a leading peer-to-peer investment management platform, announced a strategic partnership at LendIt USA 2016 to increase data-driven investment capabilities to the Kickfurther platform. “This partnership… Read More

April 11, 2016 @ 11:50 am By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Monday that it has partnered with financing portal, Tata Capital, to help give India’s small businesses access to online financing. According to Biz2Credit, Tata Capital will be utilizing the acquisition channels on its small business lending marketplace in India, thereby… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 11:25 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), an online lending platform for small business, and Minor League Baseball, announced on Monday that they are renewed their partnership to help small business owners. OnDeck will reportedly serve as an “Official Partner of Minor League Baseball” and the “Proud Partner” of 15 minor league… Read More

April 11, 2016 @ 10:45 am By Erin Hobey  |  

The P2P lending platform Fellow Finance has announced that its platform is now open for borrowers in Poland. Polish customers may now apply for P2P loans with maturity from 1 to 3 years up to 12 000 PLN. This gives Fellow Finance investors an opportunity to diversify their investments geographically and… Read More

April 11, 2016 @ 10:20 am By JD Alois  |  

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More

April 11, 2016 @ 9:58 am By Samantha Hurst  |  

On Monday, mortgage marketplace, LendingHome, announced at LendIt 2016 that it has funded over $550 million in mortgage loans and grew loan originations six times in 2015 vs. 2014. LendingHome notably serves borrowers looking for financing to purchase or refinance residential real estate properties. At the same time, it serves… Read More

April 11, 2016 @ 8:58 am By Samantha Hurst  |  

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More

April 11, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, a leading fintech company in the lending ecosystem, announced today the successful underwriting, origination, and deployment of more than $1 billion in lender capital to borrowers.  Private student loan and student refinancing opportunities contributed the lion’s share of deployment to LendKey, as borrowers accessed… Read More

April 11, 2016 @ 7:00 am By JD Alois  |  

The worlds largest chain of transmission and car care, AAMCO, has signed an agreement to utilize Loan Hero’s platform. AAMCO is in the early stages of rolling out the new consumer finance technology platform. Loan Hero will allow customers to submit one credit application to… Read More

April 10, 2016 @ 3:35 pm By Samantha Hurst  |  

This weekend, Crowdcube announced that its #FundedClub member and creator of a self-service multi-currency note/coin exchange machine, FourEx, is set to open a new kiosk in London’s Bridge Station this month. Back in March 2015, FourEx secured £670,760 from 424 investors during its Crowdcube run. The company’s machines use image recognition… Read More

April 9, 2016 @ 11:35 am By JD Alois  |  

Title III crowdfunding will join the other two variants of investment crowdfunding, Title II and Title IV (Reg A+) this coming May to create a more vibrant capital ladder for companies seeking to raise capital using the internet. While no exemption is perfect, both accredited… Read More

April 8, 2016 @ 3:45 pm By Samantha Hurst  |  

Following the closing of Vivobarefoot’s highly successful Crowdcube initiative, founders of the UK shoe brand, Galahad Clark and Asher Clark, shared their frustration the equity crowdfunding platform had to block international investors from joining in. Galahad told Business Insider that Vivobarefoot missed out on thousands of pounds due to Crowdcube… Read More

April 8, 2016 @ 11:54 am By Samantha Hurst  |  

With the 2016 Tribeca Film Festival set to be held next week in New York City, Indiegogo announced that 10 of its funded films will be premiering at the annual event. Since launching in January of 2008 at Sundance Film Festival, Indiegogo has reportedly helped… Read More

April 8, 2016 @ 7:57 am By JD Alois  |  

At the end of March, Crowdfund Insider reported the creation of the Islamic Crowdfunding Alliance. In the ensuing days in advance of the scheduled press conference the founders have repositioned their group as the Islamic Fintech Alliance (IFT Alliance). The creators of the new Alliance… Read More

April 7, 2016 @ 3:50 pm By Samantha Hurst  |  

CAN Capital, a market share leader in alternative small business finance, announced on Thursday that it has reached the milestone of providing small businesses with access to more than $6 billion.  CAN Capital revealed that it has helped facilitate over 170,000 small business. In the past five… Read More