EU Parliament’s Draft of New Prospectus Directive Meets Crowdfunding Sector Demands

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  Earlier this year, the crowdfunding sector represented by the European Crowdfunding Network (ECN) the UK Crowdfunding Association, Financement Participatif France and Nederland Crowdfunding had called on the Parliament and the European Council to be very ambitious with the planned revision of the Prospectus Directive…. Read More

China: A Fast Growing but Chaotic Internet Finance Industry

Chinese Peer to Peer Lending

China’s internet finance industry continues to grow while encountering ongoing challenges as fraud remains prevalent in the loosely regulated sector of the finance industry. Dominated by peer to peer lending (the largest in the world), as of March over 3900 platforms were counted by WDZJ (other… Read More

Brief: Menlo College Names Manny Fernandez “Silicon Valley Equity CrowdFunding Pioneer”

Manny Fernandez

Menlo College named angel investor and Dreamfunded co-founder/CEO, Manny Fernandez “Silicon Valley Equity Crowdfunding Pioneer” during its The Future of Investing: How Equity CrowdFunding is Shaping the American Dream event on Wednesday evening. Menlo College Professor of Finance, Soumendra De, who presented the award to Fernandez,… Read More

Brief: Kickstarter Donates to Four Organizations in the Name of a More Creative & Equitable World

yancey-strickler

Following the celebration of its seventh birthday, Kickstarter announced that it has donated funds to four charities as part of its mission to create a more creative and equitable world. The crowdfunding portal shared: “When we reincorporated as a Public Benefit Corporation in September of 2015 we… Read More

De La Soul Delays Kickstarter Album; Set to Release Later This Summer

De La Soul 1

Bad news, De La Soul backers, the group has delayed its Kickstarter album And the Anonymous Nobody. Although the group originally announced the record would be released on April 29th, they recently revealed that they were moving the debut date to later this summer. Last spring, the hip hop… Read More

Powervault Returns to Crowdcube: Scores Nearly £650,000 in Less than a Week

Powervault 1

Earlier this week, UK-based Powervault launched a Crowdcube campaign to raise £750,000 for its already award-winning home energy storage product. This initiative comes nearly two years after the company secured £150,000 on the equity crowdfunding portal. Powervault’s product reportedly reduces electricity bills and helps customers during black-outs. According to the… Read More

Crowdcube Officially Opens New Manchester Office

Crowdcube at 100 million staff

On Friday, equity crowdfunding portal, Crowdcube, opened its new Manchester office. The website revealed details about the location earlier this year and noted it has already helped at least nine businesses in the North West to raise more than £1.4 million in the last two years. Sharing details… Read More

Seed&Spark Offers Up New Class: Crowdfunding to Build Independence (Video)

Seed&Spark

Seed&Spark, crowdfunding platform for independent films, recently announced its new class, Crowdfunding to Build Independence. The portal has taught this class at over 100 film festivals, schools and organizations around the U.S. The classes feature co-founders Emily Best and Erica Anderson.  The Seed&Spark team shared: “Crowdfunding to… Read More

Dance Music Appove: PUMP Audio Seeks £100,000 on Seedrs to Create Club Sound Specific Headphones

Pump Audio

Seeking to change the way people listen to dance music, UK startup PUMP Audio has launched an crowdfunding campaign on Seedrs to raise £100,000 for its “club sound specific” headphones. Pump Audio reported that while other brands are seeking to produce what is called “flat frequency response,”… Read More

Document: European Crowdfunding Industry Response to European Parliament Proposal

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Below is the joint response delivered by several European crowdfunding associations including: The European Crowdfunding Network, The UK Crowdfunding Association, Financement Participatif France and Nederland Crowdfunding.  The document is in support of an initiative to raise the prospectus exemption to €10 million (the Committee on Economic… Read More

GAO Publishes Report on SEC Cybersecurity: Opportunities Exist to Improve Controls

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The Securities and Exchange Commission (SEC) has received a detailed report from the Government Accountability Office (GAO) regarding controls over financial systems and cybersecurity. In November of 2015, the GAO identified “deficiencies” in the SEC’s internal controls over financial reporting. This new report is a… Read More


Card Game “Town of Salem” Scores $100,000 in 24 Hours on Kickstarter

Town of Salem 1

BlankMediaGames, the studio behind Kickstarter success video game Town of Salem, has launched a new campaign on the crowdfunding portal for a new card game version. Within less than 24 hours, the project surpassed its initial $100,000 goal. Town of Salem is described as a game of… Read More

House of Representatives Passes Bi-Partisan HALOS Bill to Help Pitch Events

Steve Chabot (R-OH), Kyrsten Sinema (D-ZA), Mark Takai (D-HI) and Robert Hurt (R-VA)

The HALOS or Helping Angels Lead Our Startups Act (HR 4498) received solid bi-partisan support this week as it was passed by the House of Representatives on a vote of 325 for and 89 against.  This past March the bill easily made its way through… Read More

OnDeck Prices New Fixed Rate Notes in a Securitization Transaction

OnDeck IPO NYSE 2014

OnDeck (NYSE: ONDK), an online lending platform for SMEs, announced this week it has priced $250 million initial principal amount of Series 2016-1 Fixed Rate Asset-Backed Notes in a private asset-backed securitization transaction. The lending portal stated that the Notes will be issued in two classes that will consist of… Read More

Happy 7th Birthday Kickstarter!: CEO Yancey Strickler Looks Back on the Crowdfunding Giant’s Successes & Growth

Birthday

Happy birthday, Kickstarter! Hard to believe that nearly a decades ago the crowdfunding giant was created to bring new and interesting projects to life. As part of the celebration, co-founder and CEO, Yancey Strickler, offered some details about the portal’s growth and success over the… Read More

Overfunding on Crowdcube: WiseAlpha CEO Ahmad Discusses Growth and Fintech Disruption

Rezaah Ahmad

wiseAlpha, an online platform that allows people to invest in secured corporate loans of blue-chip British brand name companies such as Virgin Media, RAC, United Biscuits and Eddie Stobart, aims to give people the opportunity to earn a higher rate of interest and diversify their… Read More

Goldman Sachs’ Michael Sherwood Backs Chinese Takeaway Zing Zing on Crowdcube

Zing Zing 4

Earlier this month, London-based Chinese takeaway restaurant, Zing Zing, launched an equity crowdfunding campaign on Crowdcube to raise £350,000. Within a matter of a weeks, the initiative surpassed its initial goal and is currently nearly £500,000 thanks to over 275 investors. Among those who have pitched in… Read More

Crowdfunder Appoints Steven McClurg As New President & COO

Steven McClurg

On Thursday, equity crowdfunding platform Crowdfunder announced that it has appointed Steven McClurg as its new president and chief operating officer. Prior to joining Crowdfunder, McClurg served as managing director at global investment and advisory firm, Guggenheim Partners. He was responsible for various areas of the investment… Read More