Tagged: 2018

Biz2Credit’s Analysis of Industry Sectors Reveals Restaurant Loan Approval Rates Were Above 50% in 2018

Online lending platform Biz2Credit announced on Friday its latest analysis of industry sectors found that restaurant loan approval rates were above 50% in 2018. Biz2Credit revealed that though the analysis noted that restaurants and accommodation businesses had the highest loan approval rates (51%) in 2018… Read More

Prosper Releases Full Year 2018 Financial Results

Prosper, a leading peer-to-peer lending platform connecting borrowers and investors, has released the financial results for the full year ended December 31, 2018. Financial highlights include: Total Net Revenue, which includes the non-cash impact related to warrants to purchase preferred stock, decreased to $104.4 million… Read More

2018: Invesdor Rakes in Nearly €23M from Public & Private Rounds

Finland-based online investment platform Invesdor operates and connects European growth companies with investors worldwide. Since launching six years ago, Invesdor has helped raise more than €63 million for more than 130 businesses.  How did the platform fare last year? This morning Invesdor Co-Founder and CEO… Read More

Lending Works Looks Back at 2018 Successes

Peer to peer lender Lending Works is wrapping up 2018 by celebrating the platform’s greatest achievements during the past twelve months. The online lender celebrated five major milestones throughout the year. “As 2018 draws to a close, with our bellies full of Christmas turkey, it’s only natural… Read More

Monetary Authority of Singapore Announces Winners of the 2018 Fintech Awards

On Wednesday, The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival. The FinTech Awards, which is supported by PwC, recognizes innovative fintech… Read More

H2 Ventures & KPMG Fintech Announces 2018 Fintech100

KPMG Fintech, along with fintech investment firm H2, announced on Tuesday the release of the 2018 Fintech100, which highlights dynamic fintech firms around the world that are “transforming” the financial industry. The list includes fintechs from a range of industries, including digital payments, lending, insurtech,… Read More

Westpac Announces $40,000 RegTech Challenge Launch

Australian banking group Westpac announced on Tuesday its 2018 Innovation Challenge, which gives startups a chance to win $40,000 and professional support to grow their business. According to Westpac, this year’s challenge is themed regtech and is seeking participants that will create a technological solution that helps companies… Read More

Pan African banking group Ecobank Announces Winners of 2018 Fintech Challenge

Pan African banking group Ecobank announced on Friday the winners of the 2018 Ecobank Fintech Challenge. As previously reported, the Challenge’s contestants must be one of the following categories: Remittances Digital Sales/Marketing Offline mobile to mobile payments Digital Onboarding/ Account Opening/ KYC SME Intra-Africa Trade Platform Multi-Channel… Read More

American Express to Launch New Contactless Payment Wristband During the 2018 U.S. Open Tennis Championships

Credit card giant American Express announced last week it will be launching a range of onsite benefits and experiences for card members attending the 2018 US Open Tennis Championships, which is currently taking place at the USTA Billie Jean King National Tennis Center in Queens,… Read More

Asian Electric Music Festival Ultra Taiwan 2018 Set to Use Blockchain for Onsite Transactions Thanks to Collaboration with Pundi X

On Monday, organizers of the music festival, Ultra Taiwan 2018, announced they have teamed up with Pundi X to allow the upcoming event to use blockchain for onsite transactions. According to the organizers, the exclusive partnership between  Pundi X and the Ultra Taiwan Festival will see over… Read More

Prosper Releases 2018 Second Quarter Results

Online lender Prosper announced earlier this week the release of its 2018 second quarter results. According to Prosper, year-over-year loan originations increased 12% to $867 million, Net Loss decreased 70% to ($12.6) million and Adjusted EBITDA has also increased 31% to $8.8 million. Highlights of the… Read More

Pan African Bank Ecobank Announces Ecobank Fintech Challenge 2018 Finalists

Pan African banking group Ecobank announced on Wednesday the finalists for of the Ecobank Fintech Challenge 2018, a competition for Africa-focused technology start-ups. The bank confirmed the list includes 11 fintech start-ups from across the continent and beyond. As previously reported, the Challenge’s contestants must be one… Read More

Crowdcube Releases 2018 Second Quarter Update

On Thursday, equity crowdfunding platform Crowdcube released its 2018 second quarter update. Crowdcube revealed that 2018 has been a breakthrough year for its funding portal so far and that it has invested heavily in transforming its technology and processes last year, which has enabled it to… Read More

Lendio’s 2018 Q2 Results Revealed 90% Year-Over-Year Revenue Growth

Online small business lender Lendio announced this week the release of its 2018 quarter 2 results, which recorded growth across all areas of its business, including 90 percent year-over-year quarterly revenue growth. The lending platform reported it has helped facilitate more than $900 million in financing to… Read More

FinTech Hive Reports More Than 300 Applications Were Submitted For 2018 Accelerator Program Edition

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Wednesday that more than 300 applications were submitted for the program’s 2018 edition. The accelerator began accepting application in May. As previously reported, FinTech Hive was… Read More

Prosper Announces First Quarter of 2018 Results: Loan Originations Up 27% Year-over-Year & More Than $2 Billion of Co-Sponsored Securitizations Closed

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product… Read More

FIS & The Venture Center Announces Ten Startups Selected For 2018 VC Fintech Accelerator Program

Fintech firm FIS, along with The Venture Center, announced on Thursday the ten startups that were selected for the 2018 Fintech Accelerator Program. The program, which is sponsored by FIS and the State of Arkansas, is focused on identifying and accelerating the development of early-stage fintech… Read More

LendIt Fintech Announces PitchIt Competition & Second Annual LendIt Industry Award Winners

LendIt Fintech, the world’s leading event in financial services innovation, announced on Wednesday the winners of its sixth annual PitchIt competition and 21 winners of its second annual LendIt Industry Awards.  global competition for fintech startups to attract funding, mentorship, endorsement, and exposure to institutions,… Read More

SoFi Issues Record $2.6 Billion in ABS Notes During the First Quarter of 2018

SoFi announced on Monday it completed $2.6 billion in loan securitizations in the first quarter of 2018, a 35% increase over the prior-year period and its largest-ever quarterly ABS issuance volume. According to SoFi, during the first quarter of 2018, the lender completed a total of… Read More

Bank Director & Promontory Interfinancial Network Announce Finalists For the 2018 Best of FinXTech Awards

Fintech

On Tuesday, Bank Director and Promontory Interfinancial Network announced the finalists for the 2018 Best of FinXTech Awards, which is described as an event that recognizes institutions that exemplify how collaborative efforts can lead to innovative solutions and growth in the banking industry. The duo reported that the winners of the… Read More

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