General News

October 21, 2015 @ 1:27 pm By Samantha Hurst  |  

Fellow Finance announced this week that it is now open for investors with a bank account within European Union (EU) or Single Euro Payments Area (SEPA). Fellow Finance is an online marketplace for high-performing unsecured consumer loans. For investors Fellow Finance offers a possibility to… Read More

October 21, 2015 @ 12:46 pm By Samantha Hurst  |  

Lendix, a France-based small business loans platform, is gearing up for its international expansion by appointing new members to its growing team. Former Head of Daily Banking and Savings at online bank AXA Banque Pascal Ouvrard joins the company as International Development Director, reporting to… Read More

October 21, 2015 @ 12:00 pm By Erin Hobey  |  

  True to its name, Kabbage is growing and growing, partnering now with ING. Last week, Kabbage announced a $135 million equity raise led by Reverence Capital Partners as well as ING, Santander InnoVentures, and Scotiabank. Kabbage Inc., a leading technology and data platform powering automated lending, and ING, a leading… Read More

October 21, 2015 @ 11:53 am By Samantha Hurst  |  

LoanBook Capital announces the completion of a €1.1 million equity investment round, bringing the company’s total equity funding since its launch in 2013 to €2.7 million. European fintech investor Gustav Andersson leads the round, alongside new and existing investors, in what represents the largest equity… Read More

October 21, 2015 @ 11:50 am By Erin Hobey  |  

Founded in the Netherlands in 2011 with a mission to simplify small business funding through efficient and transparent technology, Symbid was one of the world’s first investment crowdfunding platforms. Through The Funding Network, the company gives entrepreneurs direct access to all forms of finance –… Read More

October 21, 2015 @ 11:16 am By Samantha Hurst  |  

This week, Platform Black announced it has funded over £100 million in invoices for UK SMEs. The provider of alternative finance has reached this milestone in just three years since the company’s inception, an achievement which highlights the soaring demand from UK businesses for access to… Read More

October 21, 2015 @ 11:03 am By Samantha Hurst  |  

Latvian-based marketplace lender, Twino, which opened in May of this year and had just reached one million euros of investment, announced this month that it is launching an expansion throughout Europe into markets that are new for the P2P industry. Now, Twino investors will have… Read More

October 21, 2015 @ 9:57 am By Samantha Hurst  |  

On Wednesday, small business lending marketplace StreetShares announced it has formed a partnership with military social network RallyPoint to help promote veteran business ownership. The two rapidly growing companies are teaming up to use their respective resources to reach more military members, veterans, and supporters… Read More

October 21, 2015 @ 9:00 am By Erin Hobey  |  

Creditera has not only launched an enhanced marketplace for small business financing with recommendations based on their credit data and needs, but also a personal and business credit dashboard that guides business owners with personalized action plans. The launch of these features aligns with the company’s… Read More

October 21, 2015 @ 8:59 am By Erin Hobey  |  

New York’s sixth annual FinTech Innovation Lab, a 12-week program co-founded by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development by gaining exposure to bank and venture capital executives is accepting applications until… Read More

October 21, 2015 @ 2:40 am By Therese Torris  |  

A random collection of people met and statements heard at the LendIt Europe conference, day 1, October 20th, 2015. Samir Desai, Cofounder and Director, Funding Circle: “We’re a marketplace, we don’t hold inventory, we don’t take any balance sheet risk, yet our interest is truly… Read More

October 20, 2015 @ 7:31 pm By JD Alois  |  

PCH’s hardware accelerator Highway1 is accepting applications for the Spring 2016 program. Interested startups are welcome to apply for the San Francisco based program that has generated multiple success stories.  The accelerator has also increased the amount of initial investment for participants.  Startups may receive… Read More

October 20, 2015 @ 12:47 pm By Erin Hobey  |  

Citing the German proverb „Besser auf neuen Wegen etwas stolpern, als in alten Pfaden auf der Stelle zu treten,“ Innovestment has decided to introduce some key changes to its platform.  With a more streamlined corporate philosophy, a new SPV option, a newly standardized investment process and a relaunched… Read More

October 20, 2015 @ 11:23 am By Samantha Hurst  |  

Cloud Lending Solutions, a global cloud infrastructure company, announced on Tuesday the launch of CL Multi-Country Extension, a lending technology platform to support global operations. With CL Multi-Country Extension, marketplace lenders can manage all operations from a single system, including bank integrations, funds movement and… Read More

October 20, 2015 @ 11:03 am By Erin Hobey  |  

AvantCredit, one of the UK’s fastest growing marketplace lenders announced that it has provided GBP100 million in loans in the UK market since launching in October 2013.  The company, which has issued nearly 35,000 loans in the UK to date, uses innovative technology and machine-learning algorithms,… Read More

October 20, 2015 @ 8:08 am By Samantha Hurst  |  

On Tuesday, point of demand lending platform, Pay4Later, announced it has signed a deal with new partner peer-to-peer (P2P) lender, Lending Works, to join its fast growing consumer lending platform. The deal means Pay4Later may now extend market reach and increase credit acceptance for merchants… Read More

October 19, 2015 @ 5:51 am By JD Alois  |  

Virgin Money has partnered-up with World First in a push to “positively disrupt the international payments industry.  Virgin Money has positioned itself as the anti-bank. It presently provides savings, mortgages, credit cards, current accounts, pensions, investment and protection products using the philosophy of offering good… Read More

October 19, 2015 @ 5:34 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA) will be holding its 3rd annual “Crowdfinance Summit” in Washington, DC this December.  The annual gathering comes at an opportune time as final rules under Title III of the JOBS Act are expected to be announced soon.  According to the… Read More

October 18, 2015 @ 5:09 pm By JD Alois  |  

The US Department of Treasury, via its FinCen or Financial Crimes Enforcement Network, is ringing warning bells when it comes to rewards based crowdfunding. FinCen notes a rise in “suspicious activity reports” (SARs). In a report published this past week, FinCen spotlighted rewards based crowdfunding… Read More

October 18, 2015 @ 4:13 pm By JD Alois  |  

Crowded out by the huge announcement of AngelList signing a deal that will direct $400 million towards early stage startups made possible by CSC Upshot was the revelation the platform had launched a new App for startup jobs.  Described as like the Tinder for tech… Read More