Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

KPMG Fintech Report: Fintech Investment Declined in 2016 But Still Robust

KPMG published their quarterly Fintech report last week. The Pulse of Fintech Q4 2016, shares both quarterly and full year numbers for global Fintech investment. According to the report, investments and mergers value dropped from $46.7 billion in 2015 to $24.7 billion in 2016. KPMG… Read More

New Fundraising Platform DonorSee Seeks to Improve the Charity Industry

DonorSee is described as a new fundraising platform specifically to improve the charity industry. Its goal is to change the way people support charities with complete transparency. Instead of giving to a large charity that may fall short of the mark or simply has huge… Read More

Report: P2P Lender Lufax Moving Away from Loans & Into Wealth Management

Lufax, othe largest peer to peer lenders in the world, is pivoting away from the online lending business. This is according to a report in WSJ.com. Lufax operates online and off – with more than 500 brick and mortar locations in over 200 cities. The… Read More

Assetz Capital Embraces Local Presence to Boost Online Lending

As traditional banks reduce their physical presence across the country some online lenders are increasing their brick and mortar operations.  Assetz Capital is investing in their regional team and, in fact, grew their numbers by 110% during 2016. Stuart Law CEO and co-founder of the P2P… Read More

French Retail Investors Elect Their Favorite SME Lending Marketplaces

In what is probably a worldwide premiere, the French SME lending aggregator site crowdlending.fr organized an online competition enabling retail investors to elect their favorite lending marketplaces. The members of crowdlending.fr’s community of lenders lend on average €4,500 through 3,2 platforms. The 600 voters, who… Read More

Asian B2B Robo-Advisor Bambu Updates on One Year Anniversary

Bambu, the Singapore-based Robo-Advisory platform, has provided an update on their one year anniversary. Bambu is a Fintech firm that provides a white label platform for investment managers to provide a robust array of online advisory services for desktops and mobile devices. During the first year… Read More

Fintech Firm InvestCloud Forms Partnership With the City of Boston for Family Savings Program

Global fintech firm InvestCloud announced on Thursday it has formed a partnership with the City of Boston and Boston Mayor, Martin J. Walsh, to launch a new family savings program, which creates savings plans for children’s education. According to InvestCloud, the Boston Saves allows families… Read More

Kiva Announces International Women’s Day Campaign “Be Bold For Change, Invest in Her”

Kiva, the crowdfunding platform dedicated to connecting people through lending, announced the launch of its International Women’s Day campaign, Invest in Her. While sharing details about the new campaign, the funding portal revealed it is looking to raise $3 million in loans to women by… Read More

£19.5M in Series B Funding in Hand, Monzo Plans Exciting Crowdcube Return

Fresh from closing its £19.5 million in Series B funding round and celebrating its 2nd birthday, app-only Monzo  (formally know as Mondo) is planning to raise a further £2.5M through crowdfunding, according to multiple news sources. New York-based Thrive Capital led the round, with participation from Passion Capital… Read More

Cloud Lending Closed Latest Financing Round Led by Cota Capital: Global Expansion Continues

Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading lending platform, according to the release. Founded in 2012,… Read More

LendInvest Shares Quarterly UK Buy-To-Let Market Research, Comments from CEO Christian Faes

LendInvest, the UK online property lending and investing business, has released its latest quarterly research Index on the UK Buy-To-Let market. The LendInvest BTL Index ranks each postcode area around England and Wales based on a combination of four critical metrics: capital value growth, transaction volumes,… Read More

$1 Million Prize Awarded to Israeli Insurtech Startups GetmeIns and Seegnature

Israeli startups GetmeIns and Seegnature shared the top $1 million prize in the Insurtech Israel competition, reportedly a first of its kind competition in Israel for startups in the field of insurance technology.  JVP decided to double the grand prize, investing over $2 million in the winners…. Read More

Credi2, Creator of Cashpresso, Receives €2 Million in Funding

Vienna-based Fintech firm cashpresso has raised €2 million in funding led by Reimann Investors and Deiter von Holtzbrinck. Existing investors Speedinvest, Hansi Hansmann and the Runtastic founders also participated in this funding round. Cashpresso is part of Credi2 GmbH. Along with Deutsche Handelsbank, cashpresso offers immediate credit of… Read More

France’s Online Alternative Finance Doubles in Size – Crowdfunding Grows 40%

The French Crowdfunding Association (Financement Participatif France) released today the 3rd edition of its annual industry Barometer. For the first time, the data was compiled by auditing and consulting firm KPMG, which lends to the Barometer additional weight. The association was represented, among other board… Read More

Report: Funding Circle Has Topped £2 Billion in Lending

SME lender Funding Circle has reportedly topped £2 billion in lending. The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2 billion mark. Of course Funding Circle is an international operation with lending… Read More

Ontario Securities Commission & UK Financial Conduct Authority Sign Cooperation Agreement

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

China: WeiyangX Fintech Review

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

LendIt Announces 2017 PitchIt Finalists

LendIt, the global lending and fintech conference series, announced on Tuesday the eight finalists for its fifth PitchIt @ LendIt competition. According to the event organizers, in partnership with 500 Startups and sponsored by Marqeta, the PitchIt competition fintech startup finalists were reportedly chosen from… Read More

Bitbond Raises $1.2 million to Fuel Global Expansion of SME Lending

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

We Need a Regulatory Framework for Cross-Border Crowdfunding Offerings

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More