CHAI, a digital wallet and payment service provider including credit cards, e-wallets, and wire transfers, has raised $45 million in a Series B+ funding round led by SoftBank Ventures Asia (SBVA) and B Capital. Other investors participating in the round include KT Investment, Conductive Ventures,… Read More
Cloud-native core banking solution provider, Thought Machine, has reportedly reached Unicorn status (valued at $1 billion+) following a $200 million Series C round that was joined by the investment divisions of some of its major banking clients, such as JPMorgan Chase, ING and Standard Chartered…. Read More
Blockchain tech firm Metrika this week announced a $14 million Series A funding round led by Neotribe Ventures. Other institutional investors include Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X, with additional funding from all previous investors. This latest round brings a total of $17.7… Read More
Transcend, a US-based firm that focuses on de-risking collateral decision-making, has managed to close an oversubscribed $10 million Series A investment round that was led by Nyca Partners. Transcend’s management noted that the company has seen significant growth as collateralized ventures or businesses look for… Read More
LendingClub (NYSE:LC) has responded to the just announced charges and settlement by the Securities and Exchange Commission (SEC) pertaining to allegations of misconduct by former executives. Specifically, LendingClub Asset Management, along with former Executives Renaud Laplanche and Carrie Dolan, have entered into a settlement with… Read More
Lending Club (NYSE:LC) will be holding its annual meeting today. Originally the meeting was scheduled for June 7th, the annual meeting was rescheduled for today (June 28, 2016) as it was not yet in a position to provide its shareholders a complete report on the… Read More
Embroker, a cloud-based risk and insurance management platform, announced on Tuesday that it has received $12.2 million during a Series A funding round, which was led by Canaan Partners with participation from Nyca Partners, XL Innovate, and Silicon Valley Bank. Prior investors Bee Partners, FinTech Collective, Vertical… Read More
Lending Club (NYSE:LC) received a federal grand jury subpoena last week, after founder and CEO Renaud Laplanche resigned from the board following an internal review of lending and financial practices. According to the P2P lender, $22 million in loans were sold to a single investor against “express instructions as… Read More
Just over a year after securing a $2M seed round, Mirador today announced that the completion of a Series A round of financing. The $7 million investment was led by Core Innovation Capital, with participation from Nyca Partners and Jump Capital. Initial seed investors Collaborative Fund, Wicklow… Read More
CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, today announced it has raised $35 million in Series B funding from August Capital and Nyca Partners, with existing investors participating. August Capital led the… Read More
Orchard, the Marketplace Lending Platform backed by Spark Capital, Canaan Partners, and industry veterans, secures $14.7M in total investments Founded in NYC 2013, Orchard Platform, an investment and analytics platform focused on the global marketplace lending market, today announced it has raised $12 million in Series A… Read More
Global crowdfunding platform Indiegogo has announced a new round of investors, coming just a few short months after their $40 million Series B round. Many of the new investors include well known, high profile names including iconic billionaire Sir Richard Branson. Specific details of the… Read More
In the ever-growing crowdfunding community, peer lending reigns supreme. A TD Economics report we covered last week estimates the size of the global crowdfunding industry at somewhere between $3 and $5 billion in 2013. Of the sites responsible for this emergent shift in capital access,… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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