General News

February 9, 2016 @ 4:19 pm By Samantha Hurst  |  

Loan approval rates at both big banks and small banks dropped in January 2016, according to the Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit. Additionally, loan approval percentages at credit unions fell to an… Read More

February 9, 2016 @ 2:23 pm By Samantha Hurst  |  

Bizfi, a premier FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses, announced it originated over $142 million in business financing in the fourth quarter of 2015 – a record for any one-quarter since the founding of the company… Read More

February 9, 2016 @ 1:55 pm By Samantha Hurst  |  

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

February 9, 2016 @ 1:07 pm By Samantha Hurst  |  

This week, UC Berkeley Haas School of Business assistant professor, Andreea Gorbatai, announced in a recent report that is currently under review, women reportedly raised more money with crowdfunding. Gorbatai revealed to Entrepreneur that women generally use words that talk about positive emotions — for example,… Read More

February 9, 2016 @ 12:18 pm By Samantha Hurst  |  

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced this week it has developed a new compliance tool for exempt market dealers (EMDs) known as Chief Compliance Officer (CCO) Module. According to KoreConX, the… Read More

February 9, 2016 @ 11:23 am By Samantha Hurst  |  

On Tuesday, crowdfunding platform Seedrs congratulated British tennis player, Andy Murray, on the birth of his and wife Kim Sears’ daughter. The Seedrs team took to the portal’s Twitter account and wished Murray and Sears the best. Congratulations @andy_murray and #KimSears on the birth of… Read More

February 9, 2016 @ 11:02 am By Samantha Hurst  |  

OFF3R, a mobile crowdfunding aggregator, announced on Monday it is eyeing a major expansion after receiving a £480,000 investment from various investors including New Look founder Tom Singh, super-angel Daniel McPherson, Earlymarket and Head of Marketing from Rocket Internet-backed Jumia. Lex Deak, the founder of OFF3R, stated: “We… Read More

February 9, 2016 @ 10:01 am By Erin Hobey  |  

National Funding, a private lenders of small business loans, today announced that industry veteran Geoff Howard has joined its executive team as Executive Vice President of Technology. Howard joins National Funding from Intuit during the company’s fastest-growth period, which has experienced a 172% revenue growth surge… Read More

February 9, 2016 @ 7:14 am By JD Alois  |  

The Achilles Macris, a former JP Morgan Chase executive and boss of the legendary London Whale, was hit with a £729,900 fine for “failing to be open and cooperative. The penalty was assessed by the Financial Conduct Authority (FCA).  Mark Steward, Director of Enforcement and… Read More

February 9, 2016 @ 6:06 am By Erin Hobey  |  

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

February 9, 2016 @ 5:43 am By Erin Hobey  |  

UK FinTech firm Hello Soda, headquartered in Manchester, has launched ‘Hello Soda Asia’, its new South East Asian venture. The new FinTech venture which gives the firm a strategic foothold in South East Asia, will operate out of Bangkok, Thailand and Singapore, and will specifically… Read More

February 9, 2016 @ 5:17 am By Erin Hobey  |  

NovitasPartners and FTCL, two UK boutique corporate finance firms specialising in the fintech sector, today announced their merger to meet the growing demand for corporate finance advisory services from clients within the payments, data, financial software, market infrastructure, business process outsourcing, and securities services subsections…. Read More

February 9, 2016 @ 5:06 am By Erin Hobey  |  

KPMG has acquired fintech platform Markets IT for an undisclosed sum, in an effort to expand its “big data” capability and help banking clients grapple with a barrage of regulatory change, according to the Financial Review. KPMG Australia CEO Gary Wingrove referred to the merger as a “timely… Read More

February 9, 2016 @ 4:11 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and Booker, an all-­in-­one local service commerce platform, today announced a partnership to provide fairly­priced lending capital to help facilitate the growth of companies on the Booker platform. “Bond Street shares Booker’s mission to minimize the… Read More

February 8, 2016 @ 2:23 pm By JD Alois  |  

It is inevitable that all forms of finance will eventually move online. The days of the bank branch are likely numbered. What Amazon is doing to oh, so many retailers, a growing legion of agile Fintech startups are revving up to do to traditional banks…. Read More

February 8, 2016 @ 2:20 pm By Samantha Hurst  |  

Offering up some advice to those looking to move to London’s famous neighborhood Notting Hill, Crowdcube #FundedClub member and storage company Lovespace has released a new moving guide for new or soon-to-be residents. The company, which was founded by Streetcar co-founder and entrepreneur Brett Akker, won the… Read More

February 8, 2016 @ 12:27 pm By Samantha Hurst  |  

On Monday, XTI Aircraft Company (XTI) representatives announced the loss of the company’s Vice Chairman Jeff Pino, who died in a plane crash on February 5th near Phoenix, Arizona. XTI founder and chairman David Brody shared: “There are no words to express the grief and sadness we… Read More

February 8, 2016 @ 10:07 am By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and financial technology companies, announced on Monday it has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei  Group and Japan’s largest financial information provider…. Read More

February 6, 2016 @ 12:55 pm By Catherine Pargeter, Analytics Manager, Orchard Platform  |  

After our show stopping success last year in using data on borrowers to predict the Super Bowl winner, we decided to for a second year of success, even if the Patriots did not.  Using the loan data from Lending Club over 2010-2015, we compared borrowers… Read More

February 6, 2016 @ 9:30 am By Samantha Hurst  |  

Crowdcube #FundedClub member Bellfield Brewery recently announced, nearly a year after the closing of the company’s equity crowdfunding campaign, it is officially moving into the production stage. As previously reported, the new craft brewery with a mission: to make Gluten Free (GF) beers and lagers that taste… Read More