Tagged: alternative finance

Alternative Lender Sancus Finance Appoints Victoria Osgood As New Client Manager

Sancus Finance, the specialist alternative finance firm, announced on Thursday it has appointed Victoria Osgood as its new Client Manager. According to the company, Osgood will be responsible for managing a growing portfolio of clients and their range of funding solutions to ensure the smooth… Read More

UK Alternative Lender Growth Street Celebrates 1,000+ Investors and Counting

Founded in late 2016, UK alternative lender Growth Street has announced that over 1000 investors have signed up to lend to profitable UK small businesses through its platform. Independent P2P rating service 4thWay has ranked Growth Street as one of the lowest-risk platforms in the UK… Read More

AltFin Investment Marketplace Update: Symbiont Links with HK-Based PrivateMarket.io

Hong Kong-based PrivateMarket.io and Symbiont announced an agreement to build an alternative investment marketplace for closed-end funds using Symbiont’s SmartSecurities software. At this writing, terms were not disclosed. “Symbiont’s SmartSecuritiesTM back-end is production-ready and we look forward to working with Loïc and his team to commercialize… Read More

Growth and Expansion: Crowdo Launches in Singapore, Partners with SGX & Plans ECF Platform

Crowdo has launched its securities crowdfunding platform today at the Singapore Exchange (SGX) hosted ‘Plugged In’ event during which Crowdo Co-Founder and CEO Leo Shimada gave the keynote address. The event was also the forum for the official announcement of Crowdo’s strategic partnership with the SGX. Crowdo’s… Read More

Details: Belgian Equity and Debt Crowdfunding Law Goes into Effect

The Belgian Law of 18 December 2016 on crowdfunding entered into full force yesterday.   The crowdfunding law creates a specific status for equity and debt crowdfunding platforms (referred to as “alternative financing platforms”) and prescribes operating requirements for both alternative financing platforms and regulated entities… Read More

LendingCrowd Preps IFISA for Q1 2017, Highlights 2016 Accomplishments

LendingCrowd, a UK alternative finance lender to the SME market, is readying to launch an Innovative Finance ISA (IFISA) during Q1 of 2017, said to be one of the first launched in the UK alternative finance sector. The launch follows a record year for LendingCrowd during which it… Read More

Indian AltFin Startup OpenTap Aims to Create Greater Access to Short-Term Loans

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

Bizfi Survey Says SMEs Tap Alt Fin & Borrow More than in 2015 to Finance Growth & Jobs

The Small Business Growth Survey, which surveyed small businesses from around the country, was conducted by Bizfi, a fintech company with a platform that combines aggregation, funding and a marketplace for small businesses. The purpose of this survey was to gain insight into what small businesses… Read More

CAN Capital Welcomes Chris Moloney as New CMO

CAN Capital, a market share leader in alternative small business finance, has named Chris Moloney as its new Chief Marketing Officer. Moloney will lead the company’s marketing initiatives, product management and continue to build the CAN Capital brand as an innovator and supporter of small businesses. He will… Read More

Spanish Crowdlending Update: MytripleA & Lendix Receive CNMV Authorization

Continuing to establish a fecund atmosphere for alternative financial market growth, Comision Nacional del Mercado de Valores (CNMV), the regulatory body of the Spanish Stock Market,  has given authorization to MytripleA, Crowdcube and Lendix. Last week Crowdcube Spain was  authorized by the CNMV as established in the Law to Promote Business… Read More

Crowdfund Insider CEO Andrew Dix Receives New Capital Markets Leadership Award from CFIRA, SBE Council and CCA

During the inaugural Crowdfunding Technology Showcase and Celebration in Washington, D.C., CrowdFund Intermediary Regulatory Advocates (CFIRA), Crowdfund Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) presented Crowdfund Insider Co-founder and CEO Andrew Dix the “New Capital Markets Leadership Award” for Media. Crowdfund Insider, the leading… Read More

Knecht Gives Funding Circle Update; Mullane Joins Business Development Team from Barclays

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More

Capitalia Broadens its AltFi Services for SMEs to include Estonia

Capitalia, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Latvia and Lithuania.  This January Capitalia  obtained necessary permits to broaden its services to the Estonian market. Citing the current financial conditions that cause banks to be more cautious when financing… Read More

Moody’s: Securitization Provides Alternative Financial Solutions for Indian and Chinese Financial Systems

Courtesy ptmoney.com

Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More

Brief: Seedrs’ Karen Kerrigan & Federation of Small Businesses’ Tony Baron Shares Alternative Finance in 2016 Predictions

This week, chief legal officer of crowdfunding platform Seedrs, Karren Kerrigan, and chairman for tax and economic affairs of the Federation of Small Businesses (FSB), Tony Baron, sat down with Workspace to discuss their 2016 predictions for alternative finance. During the interview, Kerrigan stated alternative finance will… Read More

Small Business Finance Association Hires Stephen Denis as Executive Director: Voice of Alternative Finance

The Small Business Finance Association (SFBA) announced today the hiring of Stephen Denis as its executive director. Denis was formerly the Deputy Staff Director of the House Committee on Small Business and brings over 12 years of public policy experience to the SBFA. “The innovative companies… Read More

Brief: Big Society Capital Requests Proposals For Crowd Match Fund

Big Society Capital today released a Request for Proposals from crowdfunding and alternative finance platforms for the Crowd Match Fund, according to the company’s press release. The £5 million fund will match crowdfunded investments made by individuals into social investment tax relief (SITR)-eligible charities and… Read More

Peter Renton Celebrates Lend Academy’s Fifth Anniversary: “We’ve Come a Long Way, But There’s Still More to Do”

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More

ORIGA Leasing Secures over $1M; ah! Ventures & 500 Startups Lead Round for Indian Alternative Financing Ecosystem

Founded by Shrirang Tambe in May 2013, ORIGA Leasing was launched with a core philosophy of ‘Access to Finance.’  The company provides alternative financing through its asset leasing solutions to high growth companies across segments such as healthcare, sanitation, waste management, alternative energy, manufacturing and service oriented… Read More

ING and Kabbage Partner to Bring Platform Lending to Europe’s Small Businesses: First Stop Spain

  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