JD Alois

Metropolitan Equity Partners Invests $20 Million in Bizfi

Stephen Sheinbaum LenditUSA 2016

Bizfi has received a $20 million investment from Metropolitan Equity Partners.  Details on the exact structure of the investment was not provided.  The investment by Metropolitan is an increase from the $65 million committed by the company this past December. Bizfi is an aggregation platform… Read More

Y Combinator Startup Wheelys Cafe Funds in “Record Time” on FundedByMe

Coffee Croissant Breakfast

The Wheelys Café campaign launched on FundedByMe on Monday, June 27th, has confirmed more than €350,000 from 78 investors in the first 18 hours. This is according to information provided by FundedByme. Wheelys Inc is a Swedish Y Combinator startup operating “hi-tech organic bike cafés in 50 countries.”… Read More

Lending Club Annual Meeting is Today, Announces Reduction of 179 Employees on Lower Loan Volume

lending-club-620x350

Lending Club (NYSE:LC) will be holding its annual meeting today.  Originally the meeting was scheduled for June 7th, the annual meeting was rescheduled for today (June 28, 2016) as it was not yet in a position to provide its shareholders a complete report on the… Read More

It’s Official: Scott Sanborn is Named CEO of Lending Club

Scott Sanborn 2

Scott Sanborn, previously named “Temporary” Chief Executive Officer of Lending Club (NYSE:LC), may now remove the temporary portion of his title.  Sanborn is now the CEO of Lending Club following a decision by the Board of Directors.  The Board has tasked Sanborn with transforming the… Read More

Cambridge Centre for Alternative Finance Launches First Industry Study for Middle East & Africa

Cambridge CCAF Middle East Africa Study

  Inaugural Middle East & Africa Alternative Finance Benchmarking Study. The Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School is launching its first Middle East & Africa Alternative Finance Benchmarking Study. This study on alternative finance follows the successful publication of… Read More

Legal Experts Respond to SCOTUS Decision Not to Review Second Circuit Madden vs. Midland Decision

Midland vs Madden Supreme Court 2

Reactions to the Supreme Court decision declining to review the Second Circuit court decision regarding Madden vs. Midland are starting to crop up. The case is one that is being widely watched by the marketplace and online lending industry. Vincent Basulto, a partner at Richards… Read More

SEC Seeks to Scale Disclosure Requirements

mary jo white November 2015

The Securities and Exchange Commission has proposed amendments that would increase the financial thresholds in the “smaller reporting company” definition. The proposal is in recognition of the fact that smaller firms are not as well-equipped and financed to endure the costly reporting requirements. “Raising the… Read More

Ohio based SunDown Group Forms Investment Club on Wefunder

Reg CF Title III

SunDown, a regional entrepreneur ecosystem based in Ohio, has created an investment club on Wefunder.  In a note to followers SunDown stated they were into the equity crowdfunding game to help invsetors “de-risk” their participation. SunDown stated; “The new equity crowdfunding rules and platforms are going… Read More

Developing: Supreme Court will not Review Second Circuit Decision on Madden vs. Midland

Supreme Court Law Legal

The ongoing saga of Madden vs. Midland just took another twist as the US Supreme Court has decided not to review the Second Circuit court decision on usury laws.  This is according to a report in Law360 today.  The decision was described as a “blow… Read More

Forrester: Digital & Customer-Facing Talent Will Migrate Out of the UK

Battered EU Flag Europe Brexit

Research consultancy Forrester is making some pretty dire predictions regarding Brexit collateral damage. In a blog post this weekend, Forrester stated; “Digital and customer-facing talent will migrate out of the UK,” and “Product and delivery innovation will slow”. Forrester cautions that a “customer-focused agenda is… Read More

Kuber Ventures on Brexit Fallout: “Decision Will Likely Result in More Freedoms for Tax Incentives / Reliefs”

SEIS

Kuber Ventures, an investment firm that targets EIS/SEIS opportunities, has released a statement on the Brexit fallout. While global markets react to the intrinsic risk associated with the Brexit decision, Kuber sees a silver lining. According to Kuber; “The vote on Friday for the UK… Read More

LendInvest Receives Highest Credit Rating from ARC

Christian Faes

Commercial mortgage marketplace lender LendInvest saw its ARC Ratings affirmed receiving a Limited SQ1 Servicer Quality rating, with stable outlook. Revealed last Friday, ARC stated; “LendInvest, the mortgage marketplace lender, was previously accorded a public SQ1 Servicer Quality rating on 23rd June 2015. Over the past… Read More

Fundnel Forms Partnership with Business Angel Network Southeast Asia

Singapore Marina Prominade

Fundnel, a collaborative crowdfunding investment platform based in Singapore, has formed a partnership with the Business Angel Network Southeast Asia (BANSEA), to pool resources and boost deal flow.  BANSEA ONE, backed by BANSEA and Fundnel, will become a key investor in early stage companies in… Read More

Baidu Adds More Stringent Requirements for Chinese Crowdfunding Platforms

Chinese Crowdfunding

Earlier this month Chinese search engine Baidu announced it would now require crowdfunding platforms to adhere to a strict set of qualifications designed to limit promotion from less reputable platforms. Baidu stated it would no longer open new accounts for crowdfunding platforms to access their… Read More

Competition Counts & the UK FCA Leads the Way in Regulatory Innovation

Mary Sparks

The United Kingdom has been at the forefront of Fintech innovation. While there are many reasons for the UK playing a lead role in new forms of finance several variables may be distilled from the list. First, the country is very supportive of an entrepreneurial/market-based… Read More

Bragi Dash Review: Smart, Wireless Earphones Deliver on Promised Product

Bragi Dash Review iPhone

In February of 2014, Munich-based Bragi Dash launched their rewards crowdfunding campaign on Kickstarter. The concept was to create “smart” wireless headphones that combined a full set of features and technology currently unavailable in the retail market. The vision of founder Nikolaj Hviid, formerly Head… Read More

OurCrowd Joins Founding Members of AgTech Accelerator Radicle

Growth Farm Green Plant Field Corn

Equity crowdfunding platform OurCrowd, has joined a group of investors, advisors and agricultural industry leaders to help launch Radicle, a new AgTech focused accelerator. Radicle was founded by AgTech venture capital firm Finistere Ventures, Cloud Break Advisors and a a group of founders including Bayer, DuPont… Read More

Study: Small Businesses Still Struggle to Access Growth Capital Even with New Funding Methods Available

Private Capital Report Pepperdine 2016-infographic

Study by Pepperdine University and Dun & Bradstreet Indicates Small Business still dependent on Personal Resources, Friends & Family. Even while new forms of finance are on the rise, small business still struggles to find capital necessary to fund growth.  While SME access to traditional… Read More