Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

Yirendai Gets Hit with Several Lawsuits on Share Price Decline

Yirendai

The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

Q&A: BrewDog Founder James Watt on EquityforPunks USA Crowdfunding Offer

Brewdog-Vladamir-James Watt

BrewDog, the largest independent brewery in Europe, is crossing the Atlantic and setting up operations in the United States. The founders, James Watt and Martin Dickie, selected the mid-western city of Columbus as their base and the company is in the process of building a… Read More

1Above Raises Capital on Equitise to Accelerate US Rollout

1Above 2

1Above, a travel well-being company, is raising capital via equity crowdfunding platform Equitise. The New Zealand based company has created an anti-jet lag concotion that apparently works quite well. We all know the detrimental effects of jet-lag that can undermine quick trips around the globe. 1Above… Read More

Digital Cash: UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon Align to Test Blockchain in “Real-Market”

clearmatics

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

Lendingkart Hires Amazon and PayU Execs to Help Instigate Growth in India

rupee

Indian SME lender Lendingkart announced new hires plucked from Amazon and PayU India, reported Pymnts.com. Vishal Chopra, a former Amazon India exec, will join Lendingkart’s team as CRO, while Nihit Nirmal, formerly of PayU India, will join as SVP of products. “Lendingkart Group NBFC has emerged as… Read More

13 New Restrictions for China P2P Lenders as Rules Sink In

Chinese Peer to Peer Lending

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

Monetary Authority of Singapore Announces Regulatory Framework for Payments

100 Singapore Dollars Money Asia

The Monetary Authority of Singapore (MAS) has published a consultation paper on a payments regulatory approach. Simultaneously MAS has created a “National Payments Council” to help foster digital payments and the ascension of Fintech. Noting that presently there are multiple regulatory environments and legislation action,… Read More

Scotland’s Converge Challenge Announces Startup Shortlist

Picture by Lesley Martin
04 February 2016

PR shots for Converge Challenge. 


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Scotland’s “leading company creation competition” has accepted 212 applicants this year, and now the judging process has shortlisted the top 10 nominees.  The 2016 Converge Challenge category is said to be the most competitive year ever.  The record number of applicants represents 14% growth year… Read More

Invesdor Leverages Identity Tech to Fund Cloud Solutions Insurtech Company

Cloud Solutions

Cloud Solutions, a Norwegian Insurtech company, recently raised equity capital on Invesdor’s crowdfunding platform. The offer was over-subscribed and the success is being attributed, in part, to the integration of Signicat technology. Finland-based Invesdor explains that due to equity crowdfunding regulation that mandated know your customer… Read More

Largest Indiegogo Campaign Ever Flow Hive Has Shipped All Pre-Orders

Flow Hive Bee

Flow Hive the unsuspecting rewards-based crowdfunding campaign on Indiegogo that stands as the largest ever for the platform, has now shipped to all backers of the project. While stories persist regarding delays and “failures to deliver” for rewards crowdfunding projects, Flow Hive may now claim… Read More

Indiegogo on Communication: “Your Backers Are Investors, Treat Them That Way”

telephone hang up communication

On Wednesday, global crowdfunding platform Indiegogo offered some key advice to campaign organizers about the importance of communication, especially after the initiative successfully secure funds and close. The Indiegogo team revealed that while campaign is finished, the most important thing for organizers to do is… Read More

LendIt Joins with Capital One on Fintech Startup Competition: PitchIt@LendIt

Pitch Pitcher Baseball Sports

LendIt has announced a new partnership with Capital One regarding their annual Fintech startup competition.  Capital One will act as the co-Host for PitchIt@LendIt – scheduled to take place at LendIt Europe this fall in London. Peter Renton, co-founder of LendIt, said they were delighted… Read More

Monetary Authority of Singapore Opens Fintech Innovation Lab

Singapore Fintech iPhone Asia

The Monetary Authority of Singapore (MAS) has opened its Fintech Innovation Lab which has been given the name Looking Glass @MAS.  The reference to the Looking Glass is a nod to Lewis Caroll’s classic novel “Through the Looking Glass and What Alice Found in There”…. Read More

China P2P Lending Rules Said to Include Caps on Amount Borrowed

China Yuan Renmibi

A report in ChinaNews is saying The China Banking Regulatory Commission (CBRC), along with partner agencies, will release rules regarding online lending that will include lending caps. According to the report, individuals will be able to borrow up to 200,000 CNY (USD $30,000) from any… Read More

Q&A: Kabbage CEO & Co-Founder Rob Frohwein, Originating $2B Loans & Growing

growing-cabbage-vegitable green grow

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

Indiegogo Funded “Con Man” to Release New Mobile Game

Con Man 3

On Thursday, the creators of the Indiegogo success, Con Man, will be releasing the web series new mobile game. This debut comes just a month after Alan Tudyk, and Nathan Fillion revealed they might consider doing a movie on the series within the series, Spectrum.  In 2015, Fillion and… Read More

Homemade Fashion Accessories Marketplace The Pommier Launches Seedrs Initiative

The Pommier 1

Ready to expand its homemade fashion accessories marketplace, The Pommier has launched Seedrs initiative with a mission to raise £100,000 for continuous growth and development. The marketplace, which was founded three years ago, connects worldwide customers with homemade fashion accessories from emerging designers. The Pommier team stated they… Read More

Brief: Bank of Japan Considers Fintech Viable Option for Central Banking

yen

Bank of Japan Governor Haruhiko Kuroda said the central bank may finally apply fintech to its future operations  given its growing influence on global payments, settlements and financial services, reported Reuters. Signaling that the BOJ is ready to initiate research to promote Japanese fintech given it has “various… Read More

Government Minister: Fintech is a Critical Differentiator for Singapore

Singapore DBS Skyscrapers Asia

Last week S. Iswaran, Minister for Trade & Industry, made the statement; “FinTech is … a critical differentiator for Singapore to remain a leading financial hub in the region. Our finance and insurance sector has been a key growth contributor in recent years, and the… Read More

Oppo Ice Cream Shares Path to Crowdfunding & Business Success

Oppo Ice Cream

  Oppo Ice cream is a bit like the Holy Grail of food: Ice cream that tastes great, is low calorie and is good for you.  The creation of two brothers, Charlie and Harry Thuillier, the duo were exposed to many different natural foods while… Read More