Tagged: financial

Overfunding: Stock Trading App BUX Quickly Surpasses €1 Million Through Seedrs Funding Round

Netherlands-based stock trading app BUX has successfully secured its initial €1 million funding target through equity crowdfunding platform Seedrs. The initiative was launched earlier this week and has attracted more than 1,700 new investors. Founded in 2014, BUX describes itself as a tech company that is seeking… Read More

Personal Finance App Clarity Money Launches on Android & Web

Clarity Money, the personal finance app that acts as the “Champion of Your Money,” announced on Tuesday the launch of its app on the web and Android devices. This news comes less than two months after Clarity Money confirmed it reached 500,000 users through its iOS app…. Read More

Reserve Bank of India Set to Classify Peer-to-Peer Lending Platforms As Non-Banking Financial Institutions

Reserve Bank of India recently announced it will be classifying peer-to-peer lending platforms as non-banking financial institutions. According to Economic Times, Sudarshan Sen, executive director of RBI, announced that the regulator is currently waiting for the gazette notifications from the central government for the final… Read More

Germany Financial Organizer Zuper Launches Seedrs Campaign & Quickly Secures €250,000

Zuper, a data-driven financial organizer that helps people control their money and improve their financial health, has launched an equity crowdfunding campaign on Seedrs, seeking to raise €500,000. Founded in 2016, the company stated it is creating a new kind of personal finance management platform… Read More

JPMorgan Chase Teams Up With CFSI to Launch Virtual Fintech Lab to Help Startups Improve Overlooked Populations’ Financial Health

On Wednesday, the Center for Financial Services Innovation (CFSI) announced it has partnered with JPMorgan Chase to launch a virtual fintech lab, the Financial Solutions Lab (FinLab), as a way to help the financial health of overlooked populations, which includes low-income women, aging and disabled populations. This… Read More

OnDeck Releases 2016 Third Quarter Results

On Thursday, online lender for small business OnDeck (NYSE: ONDK) released its 2016 third quarter results. The platform shared that the report revealed its Loans Under Management saw an increase of 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15%… Read More

XY Planning Network Unveils Fintech Solution For Compliant Retainer Billing

XY Planning Network, an organization of fee-only financial advisors, announced this week the launch of its new fintech solution, AdvicePay, a payment processing solution that allows for compliant billing of recurring retainers.The platform will also allow XYPN members to charge monthly retainer fees to clients through bank accounts… Read More

Africa Courier Express Founders Launches New Financial Service Platform “Lidya”

Last week,  founders of Africa Courier Express (ACE), Tunde Kehinde and Ercin Eksin, announced the launch of a new financial services platform called Lidya. The portal was notably founded to improve access to credit and finance across the African continent and for Africans living in the… Read More

DLT Financial & London FinTech Startup Tramonex Releases Global Crypto-Currency Financial Index “DLT10”

On Thursday, DLT Financial and London-based fintech company Tramonex, announced the launch of DLT10, a crypto-currency financial index. The companies stated the index was designed to track the performance of major digital currencies that run on public blockchains and unlocks information and access to the 10 most… Read More

Finnish Financial Service Group Nordea Announces New Crowdfunding Platform

Last week, Finland-based financial service group, Nordea, announced that it was launching its very own equity crowdfunding platform. The company revealed that the new website will help will match entrepreneurs seeking financing with investors and the service will be linked to the book-entry system. Nordea reported: “Successful businesses… Read More

Symbid Releases Full Year 2015 Financial Results

On Friday, investment crowdfunding platform Symbid announced its full year 2015 financial results. The company revealed that its revenue increased by 28% over the past 12 months versus 2014. Korstiaan Zandvliet, co-founder and CEO of Symbid Corp., stated: “We are pleased to report continued revenue growth in… Read More

Research and Market’s Peer-to-Peer Lending Market 2015 Report Reveals Platforms Are Revolutionizing Traditional Practices

Research and Markets has announced the addition of the “Peer-to-Peer Lending Platforms Revolutionizing Traditional Practices” report to its offering. Since the 2008 global economic and financial crisis, individuals and businesses around the world have struggled to obtain financing from traditional lenders. In Europe the difficulty in obtaining new financing… Read More

Indiegogo Backers Raise Over $1.4M to Help Greece During Financial Crisis (Infographic)

Hoping to gather more backers to the cause, Indiegogo revealed how much a campaign supporting Greece has raised since the country missed its €1.6 billion ($1.8 billion) payment due to the International Monetary Fund. The famous crowdfunding platform shared: “The debt crisis in Greece has been all over the news… Read More

Speed of investment in The House Crowd increases by 800%

Data released today by the world’s first crowd funded property investment vehicle has revealed that appetite for its investment projects has significantly increased year-on-year. The House Crowd, based in Hale, has experienced an 800% increase in the speed at which each investment project is funded,… Read More

Next Generation Trust Services Alerts Investors to Possible SEC Changes in Definition of “Accredited Investor” & Investing Limitations

Next Generation Trust Services, a professional third-party administrator of self-directed retirement plans, is alerting its clients about possible SEC changes regarding who qualifies as an accredited investor. The administrator of self-directed retirement plans has among its clients, investors who use the funds in their self-directed IRAs to… Read More

Australian Financial Tech Firm Launches Equity Crowdfunding Campaign For Financial Advisory Platform

Australia-based company, Rimbal Ltd., has launched an equity crowdfunding campaign on Seedrs to raise £60,000 to fund technology and business growth. According to its campaign page, Rimbal is an online financial advisory platform that automates investment advice and allocation for retail clients. It is scheduled to… Read More

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