Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion

Wealth Migrate China

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Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate. It is his opinion that banking, insurance, real estate – basically all aspects of finance –  will be revolutionized by… Read More

Former Capital One Credit Officer Sandeep Bhandari Joins Lending Club as Chief Credit Officer

Sandeep Bhandari

Lending Club has announced that Sandeep Bhandari, Assistant Chief Credit Officer at Capital One Bank and Venture Partner, will join Lending Club as Chief Credit Officer later this month. Bhandari will assume responsibility for credit risk management across all products, replacing in that capacity Lending Club Chief… Read More

Lending Club Posts Q2 Results as Loan Originations Jump 90% Over Year Prior

Renaud Laplanche on screen

The largest marketplace lending platform in the United States reported Q2 results today. Lending Club (NYSE:LC) stated that loan originations grew to $1.91 billion versus the same period year prior where the direct lender facilitated $1.01 billion in loans.  Lending Club said total loans have now… Read More

Remix Mini Hurdles Over $1M Mark on Kickstarter; Gives Backers an Inside Look at the Device (Video)

Remix Mini 2

With a little over three weeks until its Kickstarter comes to an end, Jide Technology’s new device, Remix Mini, has successfully surpassed $1 million thanks to over 13,600 backers. The Beijing-based startup described Remix Mini as a simple to use computer that connects to any screen, keyboard and mouse, allowing… Read More

Ovation Forms Partnership With RocketHub to Create New Program “Creative Studio”

Creative Studio

Ovation, a arts network, announced on Tuesday it has teamed up with crowdfunding platform RocketHub to develop a new program called Creative Studio, which is dedicated to creators and artists. Ovation’s CEO Charles Segars and Brian Meece, CEO of RocketHub revealed the program is set to go live this October…. Read More

Mass Fidelity’s The Core Joins New Tech Marketplace Amazon Launchpad

The Core 5

Mass Fidelity, the creators of the Indiegogo alum The Core, announced on Tuesday its selection and participation in Amazon Launchpad, a new program that showcases cutting-edge products from today’s brightest start-ups, to offer the Core to millions of Amazon customers. Amazon Launchpad was launched last week… Read More

Australian Treasury Drafts New Guidelines for Crowdfunding; Opponents Share Insight

Map of Australia

The Australian federal government’s proposed expansion of access to crowdfunding for businesses falls short of the hoped-for system, according to Yahoo Finance.  New draft guidelines issued by the Australian Treasury include increasing the amount companies are allowed to raise through crowdfunding to AUS $5 million,… Read More

Kickstarter Alum Matchstick Pulls the Plug on Firefox OS Streaming Stick Project

Matchstick 3

Last fall,  San Jose-based startup Matchstick launched a crowdfunding campaign on Kickstarter to raise $100,000 for its self-titled streaming stick that was built on Firefox OS. This project immediately hit the spotlight due to being the next “big thing” against Google Chrome. By the time its campaign closed, the streaming stick… Read More

FinTech Investor Renren Endures Period of Turmoil as it Attempts to Go Private

China Lion

Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil.  On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, resigned from his position at the company to “pursue another career opportunity”. Around the same time… Read More

KPMG Links with MarketInvoice: Using Alternative Finance for Accounting Software & Business Education Programming

Anil Stocker

KPMG has linked with peer-to-peer business lender MarketInvoice, a partnership that will enable customers of KPMG’s Small Business Accounting Service to access MarketInvoice finance directly through their accounting software and will also include a business education program incorporating regional events, webinars, e-books and online ‘accountancy clinics’… Read More

China Central Bank Defends Online Payment Rules, Critics See Rules Stifling Industry Innovation

China Yuan Renmibi

“China’s central bank has moved to defend draft rules that would force online payment processors to channel large payments through traditional bank accounts, a requirement that industry observers say will stifle innovation while protecting the interests of incumbent banks,” reported FT’s Gabriel Wildau. “The People’s Bank of China… Read More

Airbnb for Cars Company Ascendia Captures Over £200,000 in Less Than Two Weeks on Seedrs

Graeme Risby and Rob Larmour

Ascendia Drive, a Maidstone, UK-based airbnb for cars, has launched an equity crowdfunding campaign on Seedrs to secure £140,000 to disrupt the $60bn car hire industry. Ascendia is described as a peer-to-peer car rental platform which will allow users to own their driving experience, without owning the car. It allows drivers to… Read More

Alibaba Hires Former Goldman Vice Chairman as President of Alibaba Group

Michael Evans

Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct international growth strategy for the fast growing internet conglomerate.  Evans was already a member of the… Read More

Peter Coleman Joins Online Lender for Real Estate AssetAvenue as CFO

peter coleman

AssetAvenue, an online lender for real estate investment properties, announced that Peter Coleman has joined the company as Chief Financial Officer. Coleman brings more than 20 years of financial management and investment banking experience focused on technology companies. At AssetAvenue, Coleman will be responsible for leading the… Read More

Staples Debuts Entrepreneur Store Featuring Crowd2Shelf Contest Winning Products

Fundable Crowd2Shelfcontest

The winners of the inaugural Crowd2Shelf Contest debut on Staples’ new entrepreneurial store. Created by Fundable and sponsored by Staples, the Crowd2Shelf Contest drew thousands of startups across the country competing for a chance to crowdfund their way to Staples. Contestants demonstrated demand for their innovative… Read More

Australian Construction Software Company APE Mobile Secures $2M During Series A Funding Round Led By Jolimont Global & Viburnum Funds

APE Mobile 3

APE Mobile, an established Australian software company that has developed an innovative paperless site app for the Construction, Mining and Oil & Gas industries to enable greater efficiency in managing on-site documents on iPads and web devices, is pleased to announce the raising of $2 million in… Read More

BankFacil Has Clear Path in Brazil as an Online Lender

Brazil Money Reais Brasil

The shift from bricks and mortar banking to  direct lending occurring online is a global phenomena.  One country that has seen few entrants is Brazil, the largest economy in South America and the 2nd largest economy in the western hemisphere. But like other parts of… Read More

Lift Off: RealtyShares Funds $22 Million in Real Estate in Q2 Alone

Rocket Escape Velocity

Real estate crowdfunding platform RealtyShares, has stated that nearly $22 million was funded via its marketplace in the 2nd quarter of 2015. This represents a  5X jump versus year prior as the platform matched accredited and institutional investors to over 50 properties across the United… Read More

FirstBuild’s Opal Nugget Ice Maker Captures $1.3M During First Week on Indiegogo

Opal 1

It’s official: Consumers are crazy for nugget ice, the soft, chewable ice especially favored in the South and associated with restaurant chains and convenience stores. This theory is based on the recent activity of GE’s FirstBuild’s Opal nugget ice maker campaign on Indiegogo. The project,… Read More

Edinburgh FreeAgent Captures Over £1M During Seedrs Initiative

freeagent support team

Back in May, Edinburgh-based cloud accounting provider, FreeAgent, took to equity crowdfunding platform Seedrs with a mission to raise funds for its vision of “Democratising Accounting.” Since its launch in 2007, FreeAgent has grown into an established, highly-regarded technology innovator, with customers in 100 countries and… Read More