Online Lending Platform Backed Appoints New CEO

Tal Yatsiv

Backed, Inc., an online lending platform for personal loans, announced on Thursday that it has appointed Tal Yatsiv as its new CEO. Yatsiv joins the company having formerly been the CEO of Aniboom and a vice president of equity derivatives at J.P. Morgan. Yatsiv stated: “I’ve been truly impressed… Read More

Brief: Former Indiegogo Senior Director of Hardware, Design & Technology Joins Hardware Club

Evan Cohen

Hardware Club, an online platform that’s dedicated to hardware startups, announced on Wednesday that it has appointed former Indiegogo senior director of hardware, design & technology, Evan Cohen, as its newest partner. Cohen reportedly helped the global crowdfunding platform achieved over $50 million for companies in two… Read More

Brief: Lendio Announces New Partnership With GoDaddy

Brock Blake

Lendio, a marketplace for small business loans, announced on Wednesday that is has joined GoDaddy marketplace to support the funding needs of more than 14 million small businesses and entrepreneurs. According to Lendio, by joining GoDaddy, the company will not only increase its reach and… Read More

Peer to Peer Lender TWINO Celebrates One Year Anniversary

jevgenijs-kazanins

Latvia-based Twino is celebrating its one year anniversary.  After 12 months of operation, the peer to peer lending platform states it has originated over €22 million in loans.  Twino says their rapid growth makes them the “fastest growing platform in Europe.  Investors have earned approximately €325,000 in… Read More

Proplend Drops Investment Minimum to £1000

Proplend

Commercial property lender Proplend has reduced their required minimum investment from £5000 to £1000.  The move is expected to broaden their investor base while making it easier for existing investors to create a more diversified portfolio of loans.  Going forward, all new loans will be… Read More

Breakaway Funding Launches Petition to Support California Equity Crowdfunding Exemption

California Flag

As previously reported, the California legislature is considering whether or not to legalize intrastate crowdfunding. This is not the first time the Golden State has attempted to create its own rules to allow investors to back small companies online. But the previous efforts fizzled as… Read More

TrustBuddy Update: Trustee Secures SEK 50 Million. No Embezzlement Uncovered

Trustbuddy Best Yet

TrustBuddy, a peer to peer lending platform that spectacularly collapsed into bankruptcy last year, has been in the hands of bankruptcy trustees since its demise.  The entire saga became a cautionary note on the emerging online lending industry. Trustbuddy, a publicly traded entity, entered a… Read More

Branch of the Future: America First Credit Union Opens Innovation Center

America First Credit Union

Salt Lake City-based America First Credit Union has opened up an Innovation Center as it seeks to create the branch of the future recognizing the shifting methods of financial management as everything moves online. The non-profit, member-owned credit union, the 7th largest by membership in… Read More

SEC Commissioner Piwowar Nails it in Remarks to ACSEC Discussion on Accredited Investor Definition

Michael Piwowar ACSEC 2

“Should the Commission consider doing away with the notion of a so-called “accredited investor” altogether?” The above question is posed not by this digital publication but by a sitting SEC Commissioner, Michael S. Piwowar. The Commissioner was speaking at the recent gathering of the Advisory… Read More


Intrastate Crowdfunding: The Often Overlooked Option 

United States Map Money

With the Federal Title III rules effective, there is certainly a lot of excitement surrounding national level “retail” crowdfunding to non-accredited investors. That’s obviously great news for the industry, but it’s important to remember that the majority of the states currently have some form of “intrastate”… Read More

Pebble Returns to Kickstarter With Three New Products & Scores $6M in 24 Hours

Pebble 2

On Tuesday, tech company Pebble once again returned to crowdfunding giant Kickstarter for 3 new products Pebble 2, Time 2 and Pebble Core. Within 24 hours, the new campaign not only smashed its initial $1 million goal, it has already surpassed $6.7 million from nearly 36,000 backers. Last year, Pebble… Read More

British Business Bank Report: £3.5 Billion Goes to Equity in SMEs During 2015

Charles Darwin Money UK

Access to capital is imperative for SME growth. Small companies need debt and equity finance to hire employees and pursue strategies to expand operations.  A vibrant equity ecosystem is imperative for early stage companies as typically it is more challenging to access debt finance. In… Read More

Rooster Teeth’s “Million Dollars, But… The Game” Surpasses $1M on Kickstarter

A Million Dollars, But 2

Just a little over two weeks after launching its Kickstarter campaign, Rooster Teeth’s Million Dollars, But… board game has successfully secured $1 million from nearly 22,000 backers. The initiative originally sough to raise $10,000 and secured the initial goal within minutes of its debut. Million Dollars, But…… Read More

Indiegogo Teams Up With Heineken For “The Cities Project”

Heineken 2

On Tuesday, Indiegogo announced it has joined forces with Dutch brewing company, Heineken, for a new project known as The Cities Project. The global crowdfunding platform stated residents in New York, Chicago, Houston, Los Angeles and Honolulu are invited to submit projects they care about through Heineken’s Facebook page…. Read More

Brief: Iowa Residents Create Over 15,000 GoFundMe Campaigns & Raise $13.1 Million

Money

This week, crowdfunding platform GoFundMe released new data highlighting the giving community in Iowa. Iowans have started over 15,000 GoFundMe campaigns, raising $13.1 million from nearly 215,000 total donations. The GoFundMe team stated that the Des Moines Metro Area is considered the largest funding community in Iowa and has… Read More

Fintech Rocks: KPMG / CB Insights Report Says Global Investments in Fintech Jump in Q1

Q1 2016 Fintech Investment KPMG CBI

  Following a bit of slump in the final quarter of 2015, Fintech investment “roared” back in Q1 of 2016 squelching any discussion of Fintech’s imminent demise. This is according to a report authored by KPMG and CB Insights.  While the P2P / Marketplace Lending… Read More

First SE Asian Campaign on FundedByMe Hits Goal in 36 Hours

Halal Speed Dating

Sweden-based investment crowdfundin platform FundedByMe messaged its intent to start operations in Southeast Asia with the opening of an office in Singapore several years back. FundedByme became the first European-based platform to receive a license to operate in the region when the Securities Commission Malaysia approved… Read More

Mexican Online Lender Konfio Raises $8 Million Series A

David Arana, founder and CEO of Konfio

Fintech in Mexico continues to grow as Konfio has closed on an $8 million Series A funding round. Konfio is an online lender that finances micro-businesses in Latin America. Their mission is to boost regional economies with loans for young, promising businesses. The new funding… Read More

Southeast Asia Fintecher Jirnexu Raises $3M Series A Funding

Yuen Tuck Siew

Jirnexu, a bank and insurance company tech solution provider formally known as Saving Plus, raised $3M in Series A funding, according to a release. Funding will be used to drive product development, geographic expansion and recruitment across Southeast Asia, with Malaysia and Indonesia as priority… Read More