Exxe Group is combining certain fintech assets into its AXXAInvest financial services trading and investments group that can immediately generate millions of dollars of revenue annually.
Crowdfunding & Peer-to-Peer Lending
By Roger Aitken – With eSports revenues projected to reach USD1.8 billion worldwide by 2022 and seeing a robust CAGR of 22.3 per cent, the Esports Gaming League (EGL), an agency providing a platform for gamers to enter tournaments across multiple games on a global basis, has launched a ‘Series A’ funding valuing the business at around GBP5.5 million (cUSD6.7 million) on a ‘pre-money’ basis.
According to data gathered by Finanso.se, the global crowdfunding market is set to maintain its rapid growth this year, increasing 23.3 per cent year-on-year and reaching over USD8.5 billion in transaction value.
Peer-to-peer lending platform The House Crtowd has launched a new Auto-Invest model, to give investors improved investment security and a hassle-free experience.
The House Crowd has appointed Carl Davies as its Chief Operating Officer. Strengthening the peer-to-peer lending platform’s management team, Davies will oversee The House Crowd’s processes and systems.
European crowdfunding platform Crowdcube, has achieved its eighth record-breaking quarter in a row, as revenue for 2019 surpasses the GBP8 million watershed for the first time.
The senior tranche of a new securitisation of loans originated through Zopa has been rated AAA, the first ever pure P2P securitisation to achieve a AAA rating at issuance.
According to a new survey by Robo.cash, 64.9 per cent of the European P2P investors have full confidence in P2P lending. Remarkably, 52.3 per cent of respondents mentioned that P2P loans take a considerable share of their investment portfolio – over 25 per cent.
European peer-to-peer lending marketplace TWINO Group has reached a funding milestone of EUR1 billion loans issued since its inception in 2009, with half of the loans issued in the past three years.
Research reveals investor confusion over risks involved when investing through property investment platforms
New research from secured property lender Fitzrovia Finance reveals a lack of understanding of some of the fundamental risks involved through investing through property investment platforms, with 75 per cent of investors wrongly believing first charge secured debt/loans are riskier than second charge mezzanine debt/loans.