General News

DICK’S Sporting Goods Stores & Foundation Partners With DonorsChoose.org to Support Youth Sports Nationwide

Youth Sports

DICK’S Sporting Goods (NYSE:  DKS), along with The DICK’S Sporting Goods Foundation, announced today a partnership with DonorsChoose.org, a crowdfunding platform for U.S. public schools. For the first time ever, DonorsChoose.org will feature a dedicated “Team Sports” section supporting public school athletic programs. The DICK’S Sporting… Read More

Amazon Rolls Out the Red Carpet for Startups with New “Launchpad” Feature

Amazon 2

Amazon today announced Amazon Launchpad, a new program that makes it easy for startups to launch, market, and distribute their products to hundreds of millions of Amazon customers across the globe. The program offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package,… Read More

Innovairre Teams Up With Fundly to Deliver New Crowdfunding Solution

Handshake

On Tuesday, fundraising platform Innovairre, and crowdfunding provider Fundly announced a strategic partnership to deliver a funding solution as a part of Innovairre’s first of its kind software platform. This new crowdfunding module will be offered to Innovairre’s clients and prospects through Innovairre MC, the fully integrated fundraising… Read More

Onevest Hits Self-Crowdfunding Record; Appoints New CFO & Head of Deal Flow

Onevest

Onevest announced on Tuesday it is about to reach $2M in financing for its Series A round after self–crowdfunding on its own platform. The company’s round of funding has five days left on the platform before it closes. The platform launched the 506c offering to celebrate the implementation of Title IV… Read More

Powered Now Revisits Crowdcube for Second Crowdfunding Round: Secures over £144K in 24 Hours

powered now & crowdcube

Established in 2012 and based in the UK and Hungary, Powered Now focuses on developing software for business owners. Co-founders are the serial entrepreneurs and e-commerce trailblazers Chris Barling (who set up Actinic in 1996) and Benjamin Dyer, a software developer and former director at… Read More

Monetary Authority of Singapore Selects Former Citibank Exec Sopnendu Mohanty to Head Fintech & Innovation Group

Sopnendu Mohanty

The Monetary Authority of Singapore (MAS) has announced the formation of a new Fintech & Innovation Group (FTIG) to be headed up by former Citibank executive, Sopnendu Mohanty. Effective August 1, FTIG will be responsible for creating development strategies and regulatory policies around technology innovation… Read More

Stripe Lands New Funding & Signs Deal with Visa: Payment Platform Valued at $5B

Patrick Collison

Payments startup Stripe landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion. According to the announcement, Stripe signed an agreement with Visa to work on digital transactions such as website ‘buy… Read More

UK Reparo Finance Selects Mambu to Launch New Business Line: Targets SME Loan Market

UK

Mambu, the SaaS banking platform provider, today announced that Reparo Finance, an independently-owned business finance company  specializing in SME business lending, has selected Mambu to launch a new business line offering loans to small-to-midsize enterprises (SMEs) in the UK.  The company chose Mambu’s cloud-based platform… Read More

Litigation Plaform LitCap Release 4.0.1 Streamlines Alternative Asset Funding For Lenders

Hugh J. Plummer, Jr.

On Tuesday, LitCap, a litigation funding technology platform that connects preeminent attorneys with lenders to facilitate case cost financing, announced its technology release 4.0.1. This release is considered an alternative asset funding of litigation financing for lenders. Britton Holland, COO and President stated: “LitCap’s release 4.0.1 significantly enhances… Read More

Cash Genie, a Payday Lender, Agrees to Pay £20 Million for Unfair Practices

Financial Conduct Authority Box FCA

Cash Genie, operated by Ariste Holding Limited, has agreed to pay over £20 million to over 92,000 former customers for unfair business practices. According to the Financial Conduct Authority (FCA), Cash Genie charged fees and interest which were unfair. The FCA gave the example of Cash… Read More

Remedy Partners Captures $50 Million During Series B Financing Led By Bain Capital Ventures

Steve Wiggins

Remedy Partners, a developer and manager of bundled payment programs for government and private health insurers, announced it has raised $50 million from Bain Capital Ventures during a Series B financing round. The capital will be used to support Remedy’s dramatic growth in new customers and partnerships…. Read More

Research and Markets Releases New Report: The Disruptive Potential of Marketplace Lending in the $3.4 Trillion U.S. Consumer Credit Market

Marketplace Lending peer to peer

Research and Markets has announced the addition of the “The Disruptive Potential of Marketplace Lending in the U.S. Consumer Credit Market” report to its offering. 10 years ago, the concept of marketplace lending was a quirky idea that intrigued a few venture capitalists. Today, marketplace lenders are some of… Read More

Kickstarter Alum “Armello” Announces PS4 & PC Release Dates; Introduces Two New Characters

Armello 3

Last year, studio League of Geeks launched a Kickstarter campaign for its project, Armello. The description of the game reads,”The King, once Armello’s wise and benevolent ruler, has fallen ill to a dark and mysterious force known only as the Rot. Slowly eating his body and soul, the Rot… Read More

EquityNet’s Judd Hollas Shares Details About the Platform & His Thoughts About Title III of the JOBS Act

Judd Hollas

Offering up his thoughts on crowdfunding, EquityNet’s Judd Hollas sat down with Arkansas Business to discuss the funding method along with the platform’s history. During the interview, Hollas shared details about EquityNet: “Since 2005, we’ve been operating one of the largest business crowdfunding platforms, providing… Read More

Crowdfunding-Success Panono Announces New “Explorer Edition” Camera

Panono 2

Berlin-based technology company Panono has announced its plan to release the first edition of its highly anticipated Panono Camera, which is considered the first consumer camera to exceed 100 megapixels and instantly deliver high-resolution, 360° X 360° full-spherical panoramic images. The Panono Explorer Edition will be delivered to… Read More

Castle Biosciences Closes $11.7M Tranche of $20M Series F Financing

Castle-Biosciences

Castle Biosciences, Inc., a provider of molecular diagnostics to improve cancer treatment decisions, today announced it has closed the first tranche of a $20 million Series F financing, raising $11.7 million. The funding will be used to accelerate the growth in clinical adoption of Castle… Read More

Lawrence Lessig Out as CEO Of Mayday PAC. Replaced by former New York Governor Candidate Zephyr Teachout

Zephyr Teachout

Lawrence Lessig, the Harvard Professor and serial gadfly turned PAC operator, is out as CEO of Mayday PAC – an entity he created to fix the world of money and politics. Lessig is being replaced by law professor, and former New York governor candidate, Zephyr… Read More

China Rapid Finance Raises Initial $35M Round of Series C Financing At $1Bn Valuation

China-Rapid-Finance

China Rapid Finance, China’s online consumer lending marketplace serving online users and China’s emerging middle class, today announced an initial closing of $35 million in its Series C round of financing at a pre-money valuation of US $1 billion. The round was led by Broadline… Read More