General News

Cambridge Centre for Alternative Finance Receives $1 Million Grant from CME Group Foundation

robert wardrop

The Cambridge Centre for Alternative Finance (CCAF), at the University of Cambridge Judge Business School in the UK, has received the backing of the CME Group Foundation to the tune of a $1 million grant to  support research on new forms of finance such as… Read More

Lendio Expands: Adds Two Key Hires To Marketing Team

Brock Blake

On Thursday, marketplace platform Lendio announced it has appointed Edward Angstadt as senior vice president of marketing. He reportedly joins the website during its fast-paced growth phase highlighted by nearly 100 percent year-over-year revenue growth. Angstadt joins Lendio from Web.com, a provider of Internet services and… Read More

Canadian Marketplace Lender LendingArch Appoints New Head of Credit & Risk

LendingArch

LendingArch, an emerging Canadian marketplace lending platform, announced on Thursday it has appointed Paul Hadzoglou as Head of Credit & Risk. Hadzoglou notably comes to LendingArch with a track record of high performance and value, and his detail to data science, credit risk and underwriting… Read More

Cheers! Seedrs CEO Jeff Lynn Celebrates £100M Invested in Early-Stage and Growth Businesses

Seedrs Champagne 2013

“As the first regulated equity crowdfunding platform in the world, Seedrs has always focused on doing equity crowdfunding the right way. Our mission is to build a sustainable industry with a business approach focused on a combination of scale and professionalism. We create a world-class… Read More

Y Combinator + Imagine K12: Together ‘Making Something People Want’

imagine k12 teacher network

Y Combinator announced that the five year partnership with Imagine K12 has taken its next step on its Posthaven blog, the original edtech accelerator, has joined Y Combinator to form an edtech vertical within YC. Agreeing that 2016 was the right time to create YC/Imagine K12, the team decided to… Read More

Brief: Indian Fintech Startup Capzest Raises $200K, LionVentures Leads Round

Flag_of_India

Mumbai-based P2P lending fintech startup, Capzest, has raised $200K in seed funding from LionVentures, a seed investment and innovation platform founded by Anurag Mehrotra founder of LionVentures; Varun Dua, co-founder and CEO of Coverfox; Amit Tambe, former senior partner of Trilegal India and Vikas Jhunjhunwala, a Mumbai-based textile businessman reported VC Circle…. Read More

4th Annual Silicon Valley Crowdfunding Conference Returns to Computer History Museum in Mountain View

SV Crowdfunding 2016

One of the longest ongoing crowdfunding events in this very young industry is taking place once again in the heart of Silicon Valley. The 4th Annual Silicon Valley Crowdfunding Conference returns to the Computer History Museum in Mountain View on March 3rd & 4th this… Read More

Down Again: Biz2Credit Reports Small Business Loan Approvals by Banks Continue to Decline

Rohit Arora

Loan approval rates at both big banks and small banks dropped in January 2016, according to the Biz2Credit Small Business Lending Index, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit. Additionally, loan approval percentages at credit unions fell to an… Read More

BizFi Announces 2015 Fourth Quarter Results: Originates $142M in Financing

Stephen Sheinbaum

Bizfi, a premier FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses, announced it originated over $142 million in business financing in the fourth quarter of 2015 – a record for any one-quarter since the founding of the company… Read More

Peter Thiel to Deliver Keynote Address at LendIt USA 2016

Peter Thiel

On Tuesday, organizers of LendIt USA 2016 announced that Paypal’s co-founder and first outside investor in Facebook, Peter Thiel, is set to deliver the keynote address at the forthcoming event. LendIt is considered the largest conference series dedicated to connecting the global online lending community. The… Read More

UC Berkeley Research Reveals: Women Raise More Money With Crowdfunding

Women and Crowdfunding

This week, UC Berkeley Haas School of Business assistant professor, Andreea Gorbatai, announced in a recent report that is currently under review, women reportedly raised more money with crowdfunding. Gorbatai revealed to Entrepreneur that women generally use words that talk about positive emotions — for example,… Read More

KoreConX Unveils Compliance Tool for Exempt Market Dealers

Manuj Grove

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced this week it has developed a new compliance tool for exempt market dealers (EMDs) known as Chief Compliance Officer (CCO) Module. According to KoreConX, the… Read More

Brief: Seedrs Congratulates Andy Murray on the Birth of His Daughter

Andy Murray

On Tuesday, crowdfunding platform Seedrs congratulated British tennis player, Andy Murray, on the birth of his and wife Kim Sears’ daughter. The Seedrs team took to the portal’s Twitter account and wished Murray and Sears the best. Congratulations @andy_murray and #KimSears on the birth of… Read More

New Look Founder & Various Angels Invest in UK Crowdfunding Aggregator OFF3R

lex deak

OFF3R, a mobile crowdfunding aggregator, announced on Monday it is eyeing a major expansion after receiving a £480,000 investment from various investors including New Look founder Tom Singh, super-angel Daniel McPherson, Earlymarket and Head of Marketing from Rocket Internet-backed Jumia. Lex Deak, the founder of OFF3R, stated: “We… Read More

Geoff Howard Joins National Funding Team as Executive VP

Geoff Howard

National Funding, a private lenders of small business loans, today announced that industry veteran Geoff Howard has joined its executive team as Executive Vice President of Technology. Howard joins National Funding from Intuit during the company’s fastest-growth period, which has experienced a 172% revenue growth surge… Read More

London Whale Boss Achilles Macris Hit with £729,900 Fine Courtesy of FCA

Sperm Whale

The Achilles Macris, a former JP Morgan Chase executive and boss of the legendary London Whale, was hit with a £729,900 fine for “failing to be open and cooperative. The penalty was assessed by the Financial Conduct Authority (FCA).  Mark Steward, Director of Enforcement and… Read More

EY & Swiss Finance + Technology Association Release New Report: Swiss Role in Fintech

ey swiss fintech report

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

UK Fintech Group Hello Soda Taps into South East Asian Market, Targets ASEAN Economies

hello soda team with ugly sweaters!

UK FinTech firm Hello Soda, headquartered in Manchester, has launched ‘Hello Soda Asia’, its new South East Asian venture. The new FinTech venture which gives the firm a strategic foothold in South East Asia, will operate out of Bangkok, Thailand and Singapore, and will specifically… Read More

Brief: NovitasPartners and FTCL Merge Firms to Meet Growing Demands in Fintech Sector

John Gilligan

NovitasPartners and FTCL, two UK boutique corporate finance firms specialising in the fintech sector, today announced their merger to meet the growing demand for corporate finance advisory services from clients within the payments, data, financial software, market infrastructure, business process outsourcing, and securities services subsections…. Read More

Brief: KPMG Acquires Fintech Markets IT, a “Timely and Strategic” Opportunity

Gary Wingrove

KPMG has acquired fintech platform Markets IT for an undisclosed sum, in an effort to expand its “big data” capability and help banking clients grapple with a barrage of regulatory change, according to the Financial Review. KPMG Australia CEO Gary Wingrove referred to the merger as a “timely… Read More