Investment Platforms and Marketplaces

August 21, 2019 @ 3:11 am By Cali Haan  |  

97% of Korea’s 200 cryptocurrency exchanges are at risk of bankruptcy as low volume and tightening regulations temper what was once one of the world’s busiest crypto-trading markets, Business Korea (BK) reports. Local exchange revenues are also being diminished as Korean crypto-coin projects increasingly seek to… Read More

August 20, 2019 @ 9:55 pm By Cali Haan  |  

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

August 20, 2019 @ 5:51 pm By JD Alois  |  

CrowdEngine, a white-label securities crowdfunding platform, has enlisted InvestReady to provide investor accreditation status and verification service. CrowdEngine will integrate InvestReady’s services as part of its portfolio of offerings. CrowdEngine can power online capital formation, including token offerings, both domestically and internationally. In the US,… Read More

August 20, 2019 @ 2:58 am By Cali Haan  |  

BitMEX, a platform that allows highly-leveraged trading of cryptocurrency derivatives, has announced that customers residing in Seychelles, Hong Kong, and Bermuda, where the company’s offices are located will be, “restricted from access to BitMEX.” The company claims the change, “will have no financial impact on… Read More

August 19, 2019 @ 12:49 pm By JD Alois  |  

Last week Crowdfund Insider covered a report where it was revealed that Seedrs is in the midst of a sizable funding round. Today, we are hearing that the leading UK based crowdfunding platform has agreed to terms on a significant £4.5 million round led by institutional… Read More

August 19, 2019 @ 8:44 am By Samantha Hurst  |  

U.S.-based homeownership platform Better.com announced on Monday it closed its Series C funding round at $160 million, bringing its total funding to $254 million in total. According to Better.com, Activant Capital, Ping An Global Voyager Fund, Ally Financial, Citi, AGNC, Healthcare of Ontario Pension Plan… Read More

August 19, 2019 @ 7:53 am By JD Alois  |  

Edge, a “non-custodial cryptocurrency exchange and wallet platform” is raising capital from a group of industry participants as well as smaller investors. According to a release, Edge has launched a “pre-series A” round seeking $2 million hosted on BnkToTheFuture. The round is said to be… Read More

August 18, 2019 @ 9:39 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced last week its invested Indonesian online lending platform, Musketeer Group, Inc. (Musketeer) has completed registration for its peer-to-peer lending platform with the Indonesian Financial Services Authority (OJK). Hexindai notably acquired a 20% equity stake in Musketeer in… Read More

August 18, 2019 @ 1:41 pm By Cali Haan  |  

The UK’s Advertising Standards Authority has upheld complaints against crypto-derivatives trading platform BitMEX claiming the company violated UK advertising standards with an ad it published on the front page of a national newspaper in January. According to the ASA, the “misleading” ad featured a logarithmic… Read More

August 18, 2019 @ 12:54 pm By Cali Haan  |  

Bakkt, a subsidiary of the Intercontinental Exchange (ICE), has announced it has received necessary permissions from the CFTC and the NYDFS to launch its “institution-grade” platform for physically-settled bitcoin futures trades September 23rd. “One year ago, we announced our ambitious vision to bring institutional infrastructure… Read More

August 18, 2019 @ 11:23 am By Cali Haan  |  

Poloniex, the cryptocurrency exchange owned by Circle, a Boston based payments-app-turned-multiplatform-crypto-company, has announced it is “removing 23 trading pairs on August 16, 2019, due to low volume.” The pairs delisted on the 16th of August are: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH,… Read More

August 16, 2019 @ 8:55 am By JD Alois  |  

Marketplace lending company Funding Circle (LSE:FCH) is out with a release announcing the platform has now lent over $10 billion since launch in 2010. Funding Circle operates in the UK, Germany, the Netherlands and the US. The London based company is the first peer to… Read More

August 15, 2019 @ 6:09 pm By JD Alois  |  

Adam Carolla, a comedian/actor etc., visited the studios of CNBC earlier this month to talk about a securities crowdfunding offering which recently closed on Microventures. Carolla has bounced around the rewards space a bit raising funds on Indiegogo and the now-defunct FundAnything site. While on… Read More

August 15, 2019 @ 12:45 pm By JD Alois  |  

SMBX, a regulated Reg CF crowdfunding platform, has had its App approved by Apple. If you are curious, you may download it here. SMBX is a debt focused crowdfunding platform where small businesses may seek financing from a bank alternative. As most people know, small… Read More

August 15, 2019 @ 10:44 am By JD Alois  |  

Mintos, an online marketplace that aggregates 65 lending companies, is reporting having topped €3 billion in loans financed. The €2 billion hurdle was surpassed in April thus it appears that Mintos is experiencing increasing velocity. Mintos reports that it currently services over 170,000 investors globally…. Read More

August 15, 2019 @ 7:23 am By JD Alois  |  

Lendingblock, a platform that enables fully collateralized crypto vs crypto lending agreements, has received a Distributed Ledger Technology (DLT) provider license from the Gibraltar Financial Services Commission (GFSC). Lendingblock received an in-principle DLT license in late 2018. By providing collateralized borrowing and lending, Lendingblock can… Read More

August 14, 2019 @ 3:19 pm By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a China-based peer to peer lending platform providing access to capital for SMEs, has become the target of a local government attempt to shut down P2P lenders. According to a note from Fincera, the Hebei provincial government, where Fincera is based,… Read More

August 14, 2019 @ 1:06 pm By JD Alois  |  

Last week, online lender Funding Circle (LSE:FCH) released its 6-month report and the shares have responded positively to the numbers. Six-month Revenue was reported at £81.4 million versus H1 2018 at £63.0 million – up 29%. Loans under management rose 37% to £3.54 billion and… Read More

August 14, 2019 @ 11:46 am By JD Alois  |  

StartEngine, one of the larger securities crowdfunding platforms in the US, has received an Alternative Trading System license (ATS). StartEngine has long shared its intent to pursue an ATS license as it seeks to provide a liquidity path for crowdfunded securities. Crowdfund Insider reported last… Read More

August 14, 2019 @ 11:00 am By JD Alois  |  

Earlier this month, leading UK investment crowdfunding platform Crowdcube rebranded after multi-year stint of a fairly consistent design. Crowdcube explained the move in a blog post declaring “crowdfunding 1.0 is dead.” To quote Crowdcube: “Today’s savvy entrepreneurs want Crowdcube 2.0; they want funding that fuels… Read More