Status Quo is Not an Option: OSC Chair Acknowledges Fintech Requires New Approach, Announces OSC Launchpad

Canada Flag

Speaking at the Toronto Region Board of Trade this week, Maureen Jensen, Ontario Securities Commission (OSC) Chair and CEO, delivered a wide-ranging keynote address that tackled the topic of Fintech, regulations and announced a forthcoming regulatory Sandbox for entrepreneurs. Jensen acknowledged the rise of Fintech… Read More

Yirendai Named One of the Internet Financial Industry Information Sharing Platform’s Inaugural Members

Yirendai

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced on Tuesday it has been named an inaugural member of the Internet Financial Industry Information Sharing Platform(IFIISP). According to the company, the IFIISP was launched by China Internet Finance Association (CIFA) and aims to… Read More

Eureeca Opens European Hub in Amsterdam

amsterdam-holland-netherlands

Dubai based Eureeca, a global investment crowdfunding platform, has officially opened its European hub with an office in the Netherlands.  FCA regulated Eureeca is seeking to expand its services and investment offerings across Europe. The company, which offers a digital marketplace for early stage entrepreneurs to… Read More

Qumram Launches Full-Compliant Social Media Record-Keeping Through WhatsApp

Digital investing

Qumram, a global provider of digital interaction audit solutions for the financial services industry, announced on Wednesday the launch of its new solution for recording end-to-end encrypted social media interactions through WhatsApp. Patrick Barnert, CEO at Qumram, shared details about the new solution and stated: “We… Read More

Brief: Fintech Start-up AlphaStreet Debuts iOS App for Individual Investing

App Money iPhone

This week, fintech startup AlphaStreet announced the launch of its new iOS app dedicated to on-the-go individual investing. The free app allows users to access their accounts directly from their iPhone. Sharing details about the app, Vishnu Beri, CEO of AlphaStreet, stated: “AlphaStreet’s goal is to make investing… Read More

AgTech IoT Startup Centaur Analytics Secures $1.3M During Funding Round Led By OurCrowd First

OurCrowd First Management

Centaur Analytics, a Greece-based AgTech IoT startup that provides real-time stored agriproducts monitoring and protection solutions, announced on Wednesday it has raised $1.3 million during a recent funding round, which was led by seed-stage venture fund OurCrowd First. The company stated the funds will be used… Read More

Where’s the Beach? Berlin Startup Beach-Inspector Crowdfunds on Companisto

beach-inspector

The Best German Tourism Startup winner of 2015 by Verband Internet Reisevertrieb, Beach-Inspector records and digitizes beaches worldwide and makes the images available online to travelers.  The platform launched its crowdfunding campaign with Companisto yesterday, already bringing in more than 113,070€ from over 130 investors… Read More

BankBazaar Adds $736K to Instigate Online Financial Marketplace Growth in Singapore

adhil-shetty

Chennai, India-based online financial marketplace, BankBazaar announced the addition of $736K (SGD 1 Mn) growth capital into its Singapore arm, BankBazaar International, according to a release.  The funds will be used to scale technology, and strengthen the expansion strategies, as well as to establish its first financial marketplace in… Read More

Inquiring Minds Finally Know: Goldman Sachs Shares Some Details about Marcus

stephen-scherr

We’ve been awaiting updates on Marcus, Goldman Sachs’ much anticipated online lending platform named for bank’s cofounder Marcus Goldman which may go live as early as October. Stephen Scherr, Goldman Sachs Global Head of the Financing Group, revealed more about Marcus on Tuesday, reported the WSJ, noting that… Read More


Update: Zopa’s Janardana & P2P GI’s Champ Comment on Europe’s First Securitization of Unsecured Consumer Loans Originated Online

Jaidev-Janardana

Last week, P2P Global Investments and Zopa teamed up to work on Europe’s first securitization of unsecured consumer loans originated online. dedicated to investing in loans originated via marketplace platforms, and was arranged by Deutsche Bank. “This is an exciting milestone in Zopa’s journey. The securitisation process has… Read More

Kickstarter Funded “Mystery Science Theater 3000” Goes Into Production

Mystery Science Theater 3000 logo

The reboot of the beloved cult classic Mystery Science Theater 3000” is finally back in production! The creator of the hit series, Joel Hodgson, announced on Monday that the crew is back and ready to get started with filming. Hodgson and his team shared on… Read More

Brief: SportsEngine Acquires Crowdfunding Platform for Sports RallyMe

Pitch Pitcher Baseball Sports

On Tuesday, Minnesota-based software company, SportsEngine, announced it has acquired RallyMe, a crowdfunding platform that dedicated to sports. The funding portal has notably helped athletes, teams, and national governing bodies raise the funds needed for various sports and events. Sharing details about the acquisition, Justin Kaufenberg,… Read More

Record Breaking: Equality Florida Raises $9M For Pulse Victims & Closes GoFundMe Initiative (Video)

pulse

On Monday, GoFundMe announced nonprofit organization, Equality Florida, has raised a total of $9 million for the victims of the June 12th Pulse Nightclub attack in Orlando, Florida. It was reported that more than 120,000 donors have 120 countries contributed funds to the cause. Following… Read More

China: WeiyangX Fintech Review

summer-palace-in-beijing

  Baidu FSG launches mobile foreign exchange service Baidu FSG recently announced the launch of mobile foreign exchange service. Users of Baidu Wallet in Canada, Italy, Japan and Philippine could use this service to exchange small foreign change into targeted currency category. It is said… Read More

OnDeck Collaborates With “Shark Tank’s” Barbara Corcoran For National Marketing Campaign

Barbara Corcoran

On Tuesday, OnDeck (NYSE: ONDK) announced it has teamed up with real estate entrepreneur and Shark Tank judge, Barbara Corcoran, for its new national marketing campaign.  The online lender stated that starting October, Corcoran will be featured in television and radio commercials and customer communications emphasizing OnDeck’s unique ability to… Read More

Brief: Chamber of Digital Commerce & 1776 Form Partnership to Opens Blockchain Innovation Center in Washington, D.C.

Washington D.C.

On Tuesday, the Chamber of Digital Commerce announced it formed a partnership with technology incubator, 1776, to open the Blockchain Innovation Center in Washington, D.C. The organizations revealed that the center would serve as the city’s entrepreneurial resource for technology providers and governments investing and innovating… Read More

When You Use a Bomb to Swat a Fly: A Response to the Proposal of Banning SAFEs in Crowdfunding

blowing-up-safes-bombing

This article is a response to the draft paper referenced in the article entitled “Crowdfunding and the Not-So-Safe SAFE” authored by Joseph M. Green and John F. Coyle. There are many so words to describe my thoughts about the paper: patronizing, impractical, misguided—but mostly, unfortunate. One… Read More

Brief: Radius Bank Adds Samsung Pay & Android Pay to Mobile Payment Options

Mike-Butler

Radius Bank, a full-service bank serving consumers through its virtual platform, announced on Tuesday it was adding Samsung Pay and Android Pay to its mobile payment options. The bank’s debit cardholders may now add their card to any eligible device to make purchases anywhere Samsung Pay… Read More

Able Lending Receives $100M in Debt Financing From Community Investment Management to Fund Growing Small Businesses

able-lending

Able Lending, a low-cost online lender in the nation for small businesses, announced on Tuesday it secured $100 million in debt financing from Community Investment Management (“CIM”). The company announced the funds would be used to make more low-cost loans towards growing small businesses. The Able Lending team… Read More