Latest Alternative finance News: Finextra Research

BMW invites startups to join Innovation Lab

BMW Group UK has announced the launch of the BMW Innovation Lab 2018. The new programme builds upon the success of the inaugural Lab in 2016, which saw four out of five incubated startups succeed in building ongoing relationships with the company’s UK commercial operations.

18 September 2017

Company update/Alternative finance

Russian lending startup SimpleFinance wins investment from SBI fintech fund

SF Holdings Company Plc, parent of MCC SimpleFinance LLC (“SimpleFinance” or the “Company”), a Russian fintech company providing accessible lending to small and medium-sized business, has completed its debut equity fundraising, with an investment from the SBI FinTech Business Innovation Fund LPS (the “SBI FinTech Fund” or the “Fund”).

18 September 2017

Company update/Alternative finance

FinTech Australia hails equity crowdfunding rule changes

FinTech Australia has welcomed significant changes to draft legislation allowing private companies to crowdfund equity, which will ensure investors are protected while at the same time delivering reduced costs and red tape for companies.

14 September 2017

Company update/Alternative finance

SoFi CEO steps down over 'HR-related litigation and negative press'

Our co-founder and CEO Mike Cagney sent the following message to SoFi employees this evening:

12 September 2017

Company update/Alternative finance

ABN Amro invests in Cloud Lending Solutions

ABN AMRO has invested in the innovative FinTech company Cloud Lending Solutions Inc. (CLS).

11 September 2017

Company update/Alternative finance

Sharpfin turns to the Investdor crowd for new funding round

Sharpfin AB, a Stockholm-based company developing the next generation of wealth management software, partners with leading Nordic equity crowdfunding platform Invesdor to raise funding.

22 August 2017

Company update/Alternative finance

The Start Up Loans Company joins RBS alternative finance panel

The Start Up Loans Company will join a handful of leading alternative finance firms in an exclusive partnership with a NatWest and Royal Bank of Scotland programme designed to help businesses access alternative sources of finance.

17 August 2017

Company update/Alternative finance

MarketInvoice extends lending platform to more businesses

Business finance company MarketInvoice has opened the doors to more than 400,000 smaller businesses accessing a whole ledger confidential invoice discounting service, which has previously been the preserve of larger businesses, by easing the annual turnover criteria.

17 August 2017

Company update/Alternative finance

Jeff Kelisky succeeds Seedrs co-founder Jeff Lyn as CEO

Seedrs, the leading equity crowdfunding platform, announced today that it has promoted Jeff Kelisky as its new Chief Executive Officer (CEO) effective today. Kelisky, who joined the company as Chief Operating Officer (COO) in January 2017, succeeds co-founder Jeff Lynn as CEO.

10 August 2017

Company update/Alternative finance

LendInvest makes London Stock Exchange debut with £50m raise

LendInvest, the UK’s leading online platform for property lending and investing, today listed a £50 million retail bond on the London Stock Exchange’s Order book for Retail Bonds (ORB).

10 August 2017

Company update/Alternative finance

ThinCats gains FCA authorisation

ThinCats is thrilled to announce that the company has been granted full authorisation by the Financial Conduct Authority.

08 August 2017

Company update/Alternative finance

Thomson Reuters adds alternative finance data to Eikon with TAB Dashboard

TAB Dashboard has become the first alternative finance data intelligence app added to Thomson Reuters Eikon App Studio.

03 August 2017

Company update/Alternative finance

ID Finance and Da Vinci Capital launch $200m fintech fund

ID Finance, the emerging markets fintech company, has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending.

02 August 2017

News/Alternative finance

Intesa Sanpaolo invests in SME lender iwoca

Intesa Sanpaolo has made an undisclosed investment in SME lending platform iwoca.

11 July 2017

Company update/Alternative finance

Ingenico provides PSD2 compliance for online marketplaces

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, today announced a new payment solution designed specifically for online marketplace operators.

26 June 2017

Company update/Alternative finance

DFS Lab invests $250,000 in four African fintechs

Digital Financial Services Lab (DFS Lab) today announced it would invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets. Inclusive (based in Ghana), Pula (based in Kenya), Pezesha, (based in Kenya), and Teller, (based in the United States), were each selected for financing after presenting their products at DFS Lab's Fintech BootCamp in Sri Lanka earlier this year.

21 June 2017

Company update/Alternative finance

Razer takes minority stake in Malaysian e-payment enabler to push virtual gaming currency

Razer, a global lifestyle brand for gamers, has announced a strategic partnership with MOL AccessPortal, a leading e-payment enabler in Asia. Along with the partnership, Razer has taken a 19.9% minority stake in the Malaysian startup.

21 June 2017

Company update/Alternative finance

Quantave tests trade life-cycle infrastructure for digital assets

Quantave, a provider of trade life-cycle infrastructure for digital assets such as Bitcoin and Ether, officially entered a closed beta-testing phase today. The infrastructure opens the digital assets market to institutional traders and investors, transforming the way they engage and transact with this dynamic market, whilst ensuring the safety and security of their assets. Quantave is now rigorously testing the model with its initial partners.

21 June 2017