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P2P Chinese Lender Dianrong Seeks $100M Amid Regulations

PYMNTS

The money will help the firm survive until the Beijing government decides to give accreditation to a number of lenders. The future of the company depends widely on the government, and whether the company will get the accreditation. Soul Htite is from Canada and also founded LendingClub , a P2P platform that went public in 2014.

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What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Groundfloor is open to accredited and non-accredited investors in eight U.S. PeerStreet.

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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?

CB Insights

On Jan 31st, the originally scheduled date for its ICO, Kodak announced that it would be postponing its coin offering, claiming it would need more time to verify the “accredited investors” status of the 40,000+ people who applied to invest in the ICO. However, the uptick was short lived.

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Patch of Land Picks Matthew Zall for Chief Investment Product Officer

Fintech Labs Insights

Previous to B2R Finance, Zall was a commercial real estate trader at JP Morgan, specializing in new origination, securitization and marketing of new deals. Founded in 2013 and headquartered in Los Angeles, California, Patch of Land demonstrated its Peer-to-Real-Estate (P2RE) lending marketplace at FinovateFall 2014.

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How Blockchain Could Disrupt Banking

CB Insights

The number of confirmed Bitcoin transactions per day has grown 8x from just over 50,000 in the summer of 2014 to more than 400,000 as of 2018. Each correspondent bank maintains different ledgers, at the originating bank and the receiving bank, which means that these different ledgers have to be reconciled at the end of the day.