General News

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

December 10, 2015 @ 12:05 pm By Samantha Hurst  |  

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

December 10, 2015 @ 11:23 am By Samantha Hurst  |  

Back in October, UK-based equity crowdfunding platform, Seedrs, announced plans to expand in the U.S. in early 2016. The website declared one year ago its intent broaden its investment crowdfunding platform into the US with the acquisition of US-based Junction Investments.  Junction, at least initially, had… Read More

December 10, 2015 @ 9:30 am By JD Alois  |  

Innovate Finance, a non-profit group that promotes the UK’s leadership in the booming FinTech sector, has partnered with BritishAmerican Business to boost their message and solidify the relationship between New York City and London: the two leading financial centers in the world. Both entities will… Read More

December 10, 2015 @ 9:00 am By Erin Hobey  |  

Real estate investment firm Madison Marquette today announced the launch of Napa Valley’s “first-ever” crowdfunded real estate investment opportunity on RealCrowd. Founded in 1992, Madison Marquette’s targets infill retail and urban mixed-use real estate in major US gateway markets. Madison Marquette specializes in enhancing the value of its projects… Read More

December 9, 2015 @ 5:47 pm By JD Alois  |  

In an email distributed to platform users, and shared with Crowdfund Insider, investor verification company Crowdentials announced it was shutting down the platform as of December 31st, 2015. The note, authored by co-founder Richard Rodman, explained the industry had not scaled as anticipated thus challenging… Read More

December 9, 2015 @ 4:40 pm By Samantha Hurst  |  

Continuing its new crowdfunding series “Campaign Prep Calendar,” Indiegogo shared the four things that every organizer should do a month before a campaign launch. The global platform shared: “Creating a compelling, informative and engaging campaign will help your potential backers learn more about your idea and… Read More

December 9, 2015 @ 3:22 pm By Samantha Hurst  |  

Earlier this week, commercial real estate marketplace lending platform, Money360, Inc., announced the appointment of John Maute, co-founder of Helios AMC, and Jon Barlow, founder and former CEO of Eaglewood Capital Management, to its Board of Directors. Evan Gentry, CEO and founder of Money360, stated: “We… Read More

December 9, 2015 @ 3:00 pm By Samantha Hurst  |  

RealtyMogul, an online marketplace for real estate investing, announced on Wednesday it has provided a mezzanine loan to assist in the acquisition of Kearny Office Park along with Cathay Bank, who provided the senior debt. Kyu Mahn Hwang, a San Diego-based individual is the sponsor… Read More

December 9, 2015 @ 2:00 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform Payoff, Inc. announced it will provide members of its site monthly access to FICO Scores for free beginning January 2016. Scott Saunders, founder and CEO of Payoff, shared: “We are committed to helping people understand their financial health. By providing free… Read More

December 9, 2015 @ 1:18 pm By Erin Hobey  |  

nTrust, a fintech platform that allows users to transfer money via mobile, tablet or desktop to anyone, anywhere, noted its induction into MaRS Discovery District’s Financial Technology (FinTech) Cluster. Bridging the gap between stakeholders and innovators, MaRS’ FinTech hub seeks to connect the financial services sector with… Read More

December 9, 2015 @ 1:11 pm By Samantha Hurst  |  

Groundfloor, a real estate lending marketplace open to non-accredited investors, announced on Wednesday it has closed a $5 million Series A round led by Fintech Ventures. Previous investors also participated in the round, bringing the company’s total financing to $7.5 million to date. On the heels… Read More

December 9, 2015 @ 1:03 pm By Erin Hobey  |  

CAN Capital, a market share leader in alternative small business finance, has named Ritesh Gupta to the newly created position of Chief Customer Operations Officer. Gupta will drive cross-company focus on the customer experience by leading sales and operations for the company’s small business customers. “We’re thrilled… Read More

December 9, 2015 @ 12:35 pm By Erin Hobey  |  

More than 1085 supporters from Muslim organizations have raised over $122,220 toward their $140,000 goal by crowdfunding for the victims of last Wednesday’s mass shooting in San Bernardino, reported the International Business Times.  Initiated on 3 December, the “Muslims United For San Bernardino Families” campaign was launched LaunchGood.com by a network of… Read More

December 9, 2015 @ 12:14 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform BorrowersFirst announced the appointment of Lending Club’s former SVP, Zhi Zhou, as Chief Risk Officer and Head of Enterprise Analytics. Dave Tomlinson, BorrowersFirst’s CEO, stated: “Zhi is an accomplished and well respected leader who has been at the forefront of the marketplace… Read More

December 9, 2015 @ 11:48 am By Erin Hobey  |  

National Funding, a private lenders of small business loans, announced that it signed a $75M lending facility with CapitalSource, a division of Pacific Western Bank.  The platform also forecasted a record-breaking 2015 in revenue, funding, employee count and office growth. The company also “This past year has been a robust… Read More

December 9, 2015 @ 10:13 am By Samantha Hurst  |  

Backed, a new marketplace lending platform that seeks to lower borrowing costs for young adults by mitigating traditional co-signing risks, announced on Wednesday that it has raised $1.5 million in seed funding from angel investors, iAngels, and Cyhawk Ventures. Co-CEO and founder of Backed, George… Read More

December 9, 2015 @ 10:02 am By Samantha Hurst  |  

GoEuro.com, a European platform for planning and booking all rail, bus and air transportation, has announced the completion of its Series B funding round, which secured a total of $45 million. The round was led by Goldman Sachs, along with new investors including Atomico, Yuri… Read More

December 9, 2015 @ 9:00 am By Samantha Hurst  |  

Following its $10 million Series A financing in September, Credible (credible.com), the multi-lender marketplace, today announced its expansion into personal loans. Credible’s marketplace for personal loans will include several of the leading online lending companies including Prosper, Lending Club, Avant, Upstart and Pave. Stephen Dash,… Read More

December 8, 2015 @ 4:30 pm By Samantha Hurst  |  

With the holiday season already in full swing, Crowdcube unveils its 2015 holiday gift guide. The UK-based equity crowdfunding platform shared: “We’ve a whole host of fantastic present ideas for you this year, compiled entirely from companies that have funded on Crowdcube during 2015. This… Read More