Tagged: 2018

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

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

Katipult Named Finalist For Most Promising Partnership Award at the Second Annual Lendit Fintech Industry Awards

Canadian fintech Katipult announced last week it has been nominated, alongside Polymath Inc., for the Most Promising Partnership Award at the second annual Lendit Fintech Industry awards in April. According to Katipult, the partnership will be competing against some of the world’s finance and fintech giants… Read More

Plug and Play Welcomes 111 Startups for 2018 First Batches

  On Thursday, Plug and Play announced it welcomed 111 startups into six of its accelerator programs. The programs will notably run from March through May and include Brand & Retail, Cybersecurity, Fintech, Food & Beverage, New Materials & Packaging, and Supply Chain & Logistics Plug and… Read More

​Innovate Finance Announces Finalists for 2018 FinTech Pitch360

Innovate Finance, the membership organization that represents the UK’s global FinTech community, announced on Thursday the finalists for the 2018 FinTech Pitch 360 Competition, which is sponsored by Intel and hosted by Chris Denson of Innovation Crush. The event is set to take place on… Read More

Australia’s Entersoft Named Fintech Startup of the Year & Outstanding Application Security Solutions Provider at the 2018 Fintech Awards

Australia-based cybersecurity provider Entersoft announced on Thursday it was named Fintech Startup of the Year and Outstanding Application Security Solutions Provider at the 2018 Fintech Awards. Founded in 2013, Entersoft describes itself as an application security startup with a philosophy of Security By Design and DevSecOps…. Read More

SoFi Shares Details About 2017 Successes & 2018 Plans

On Tuesday, online lending platform SoFi announced details about its 2017 successes and plans for the new year. This announcement comes just after the lender named Anthony Noto as its new CEO and a director, effective March 1st. The 2017 milestone and accomplishments include: SoFi topped… Read More

Crowdcube Describes 2017 As “A Record-Breaking Year” During Annual Review

UK-based equity crowdfunding platform Crowdcube celebrated the new year by taking a look back on 2017’s accomplishments. The funding portal explained that it saw its most successful year ever in 2017, which included an “unprecedented” demand from entrepreneurs and investors producing “record-breaking” levels of investment…. Read More

RealtyShares Releases 2017 Year in Review (Infographic)

Real estate crowdfunding platform RealtyShares took a look back at 2017 with its Year-in-Review. While sharing details about the past twelve months the funding portal revealed: “Disruption in the commercial real estate industry hit a fever pitch in 2017. We saw a change in the tax code,… Read More

Monzo Announces New Year Plans: It’s Time to Look Ahead to 2018!

On Thursday, challenger bank Monzo announced its plans for the next twelve months. The company reported that in 2018 it wants to focus closely on making upgraded Monzo accounts better for its customers. Monzo revealed a list of items needed to be done and their… Read More

FIS & State of Arkansas Sponsored 2018 VC FinTech Accelerator Opens Applications

Fintech company FIS (NYSE: FIS), in collaboration with the state of Arkansas and Little Rock-based The Venture Center (VC), announced on Wednesday that applications are open for the 2018 VC FinTech Accelerator program. According to FIS, the VC FinTech Accelerator is heading into its third year and… Read More

SoFi’s Entrepreneur Program Welcomes 2018 Class

On Monday, online lending platform SoFi announced its 2018 class of SoFi Entrepreneurs. The lender revealed that the ten companies selected for the program stood out amongst the hundreds of applications it received by representing a “diverse set” of industries, backgrounds, and issues they’re trying… Read More