General News

September 10, 2015 @ 3:47 am By Midori Yoshimura  |  

UK financial services company Hargreaves Lansdown is looking to proceed into the peer-to-peer lending space, as part of plans to develop the business following the Retail Distribution Review (RDR), according to Mortgage Strategy. The RDR “is intended to remove the risk of ‘commission bias,’ whereby supposedly independent financial advisers,… Read More

September 9, 2015 @ 4:39 pm By Samantha Hurst  |  

Happy Birthday, Harmoney! The peer-to-peer (P2P) platform celebrated a successful first year as a New Zealand’s operating P2P lender, achieving unprecedented growth, creating jobs in New Zealand, Australia and Fiji and is currently preparing to launch in Australia. Harmoney highlights: Facilitated $100 million of personal loans in less than 12 months… Read More

September 9, 2015 @ 3:42 pm By Samantha Hurst  |  

Earlier this week, Seedrs unveiled a list of reasons why companies (both established and startups) should consider using equity crowdfunding as a way to receive funds from investors. Marketing Director of the crowdfunding platform, Alysia Wanczyk, shared: “There are so many different avenues for you to… Read More

September 9, 2015 @ 2:40 pm By Samantha Hurst  |  

On Wednesday, Fundly, a crowdfunding platform that is primarily used for nonprofit projects, announced that it has been acquired by NonProfitEasy. Fundly President, Mark Feinberg, reportedly told Forbes: “NonProfitEasy, the integrated and affordable data management solution for nonprofits, has acquired Fundly, a top online crowdfunding platform… Read More

September 9, 2015 @ 11:21 am By JD Alois  |  

Peer to peer lending comparison site 4thWay has shared a data points of the “big 3” direct lenders in the UK.  4thWay notes the platforms are “aligned” as one would expect. All three continue to have “satisfactory to excellent bad debt rates”.  How much you… Read More

September 9, 2015 @ 10:33 am By Samantha Hurst  |  

On Monday, new property crowdfunding firm A Piece of London announced that it has officially launched its platform. A Piece of London will now allow clients to choose a property from its portfolio and invest through their online platform. Operating under FCA guidelines, the platform will manage… Read More

September 9, 2015 @ 8:59 am By Samantha Hurst  |  

NexusCrowd Inc. today announced the launch of the first investment platform in Canada that provides accredited investors with exclusive access to co-invest alongside institutional investors in deals that have reached at least 50% of their funding target. It also provides private equity institutions with a… Read More

September 8, 2015 @ 2:10 pm By Erin Hobey  |  

FinTech Sandbox has announced a new partnership with Estimize, a provider of earnings and economic estimates contributed by the entire financial community, reported Finance Magnates. Joining Thomson Reuters, Fidelity Investments and Amazon Web Services, new partner Estimize provides a unique data source for participating startups, preparing crowdsourced forecasts for US… Read More

September 8, 2015 @ 1:39 pm By Erin Hobey  |  

Wheely cool! Wheely good time! If memory serves correctly, I do not recall a Ferris Wheel in the city excepting during the summer/early fall in Central Park and, naturally, on Coney Island.  This absence will change when the $500M New York Wheel project led by North… Read More

September 8, 2015 @ 12:40 pm By JD Alois  |  

Victory Park Capital (VCP) has announced a new issuance of common shares to raise another £200 million for VPC Specialty Lending Investments (VSL). The offer price is expected to be £1.00 per C share. The shares presently trade on the LSE. According to the firm,… Read More

September 8, 2015 @ 12:30 pm By Samantha Hurst  |  

Australian equity-based crowdfunding platform, VentureCrowd, has appointed finance industry veteran Rob Nankivell to the role of CEO, and John Ottaway as General Manager of Property. The appointments come off the back of what VentureCrowd says has been solid growth this year, with the company’s expansion… Read More

September 8, 2015 @ 10:55 am By Samantha Hurst  |  

Symbid, the financial technology brand behind The Funding Network, announced on Tuesday a strategic partnership with DNOB, the new funding platform for entrepreneurs led by Hans Biesheuvel, former chairman of MKB Nederland (Dutch SME Trade Association) and a highly influential voice in Dutch economic affairs. DNOB… Read More

September 8, 2015 @ 10:44 am By Samantha Hurst  |  

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, today announced it has raised $35 million in Series B funding from August Capital and Nyca Partners, with existing investors participating. August Capital led the… Read More

September 8, 2015 @ 9:15 am By Samantha Hurst  |  

Property ownership accounts for almost 40% of household wealth in the UK, but buying into property requires a lot of time, local knowledge, and ever larger amounts of capital as the market rises in value. Accessing that locked-in capital easily and cheaply is also a… Read More

September 8, 2015 @ 8:12 am By Samantha Hurst  |  

Real estate crowdfunding platform iFunding announced on Tuesday that it has raised a total of $4 million for two real estate projects located in Asbury Park, New Jersey from investors nationwide. After the success of raising iFunding’s largest deal, $3.2 million for 301 Memorial Drive,… Read More

September 7, 2015 @ 12:39 pm By Samantha Hurst  |  

On Monday, UK equity crowdfunding platform Crowdcube announced it has joined forces with organization TechBike to help bring literacy and gender equality in education. Crowdcube’s Matt Cooper declared in a recent blog post: “Like many of the Crowdcube team I’m an avid cyclist which is why we’re… Read More

September 7, 2015 @ 8:29 am By Samantha Hurst  |  

On Monday, UK crowdfunding platform Crowdfunder announced that it has joined forces with outdoor advertising company, JCDecaux, to help rapidly scale up 100 startups across Britain. Nurture, JCDecaux’s new division, is now working with Crowdfunder to find start-up businesses who want to grow, to help… Read More

September 6, 2015 @ 9:43 pm By JD Alois  |  

Marketplace lending sites have quickly capitalized on one segment of personal debt: Credit Cards.  Yes, just about everyone holds and uses credit cards for day to day purchases.  If you are savvy, you pay them off at the end of each month. But at times… Read More

September 4, 2015 @ 4:58 pm By Samantha Hurst  |  

Zano Kickstarter backers, great news! The long wait for the nano drone, Zano is finally almost over. Torquing Group, the company behind the nano drone, announced on Friday that it has shipped the first few units. This news comes just three months after the original June 2015… Read More

September 4, 2015 @ 12:24 pm By Erin Hobey  |  

Self Invested Personal Pensions (SIPP) assist marketplace lenders such as Ablrate and Ratesetter (the first consumer P2P platform to be available through a SIPP),  in sourcing loans.  Research from Yorkshire Building Society “highlighted a lack of understanding about peer-to-peer investment (P2P) and the potential risks it poses… Read More