Monday, January 23, 2017

Real estate crowdfunding marketplace hits $275m

Sharestates has originated $275 million in loans since the platform launched in 2015, making it one of the largest real estate crowdfunding platforms in regards to originations. Read more: www.prnewswire.com

Lending Club releases investor update on loss forecasts

lending clubLending Club has filed an 8-K regarding an investor update from the company’s Chief Investment Officer Siddhartha Jajodia. Read more: www.crowdfundinsider.com

Jay Mart taps FinTech to thrive in digital financial services

Bangkok Stock Exchange listed mobile distributor company Jay Mart is targeting on fintech companies and startups to embark on a transformation of its business. Read more: www.econotimes.com

Mortgages taking centre stage at online lender SoFi

Social Finance, the online lender that made its name refinancing student loans for high-earning millennials, is doubling down on mortgages. Read more: www.nationalmortgagenews.com

Wonga hires new CFO to steer turnaround

UK lender Wonga has hired Joanna Baker as its new CFO as the firm attempt to restructure in the face of stricter regulation. Read more: www.fintechroundup.com

P2P lender Landbay granted ISA manager status by HMRC

Peer-to-peer lending platform Landbay announced on Monday it was granted ISA Manager Status by HMRC. Read more: www.crowdfundinsider.com

Flender secures £500,000 on Seedrs

Social peer-to-peer (P2P) lending platform Flender has secured more than £500,000 in a equity crowdfunding campaign on Seedrs. Read more: www.fintechroundup.com

Loan Frame picks up $2.25m for SME lending

SME lender Loan Frame has picked up $2.25m in a seed round led by Vedanta Capital. Read more: www.fintechroundup.com

Crowdsurfer pulls in £1m for crowd financing data

Alternative finance intelligence service Crowdsurfer has picked up £1m in a new round of funding. Existing backer Mustard Seed led the investment. Read more: www.fintechroundup.com

Is alternative lending a perishable FinTech segment?

Despite competitive propositions, it is likely that banks will eventually drive this particular FinTech segment out of business. Read more: letstalkpayments.com