August 20, 2017 @ 9:24 pm By JD Alois  |  

IVC, one of the original venture capital firms on Sand Hill Road in Silicon Valley, is poised to take a substantial stake in Fintech unicorn Transferwise. This is a according to a report by Sky News that indicated IVP would invest approximately $60 million in the… Read More

August 20, 2017 @ 1:03 pm By JD Alois  |  

Regulation D, or Reg D as everyone calls it, is probably the most powerful capital raising exemption in the US. Just about every single successful early stage company has leveraged Reg D in its various iterations. In 2013, the SEC enacted final rules for Title… Read More

August 20, 2017 @ 10:24 am By JD Alois  |  

Singapore based KyberNetwork, a decentralized exchange for the instant trading of any cryptocurrency, informs us they will be closing their Initial Coin Offering (ICO) whitelist registration three days earlier than planned, “due to a massive number of registrations.” The KyberNetwork public token sale is scheduled… Read More

August 19, 2017 @ 5:06 pm By JD Alois  |  

American Homeowner Preservation (AHP) has announced they have temporarily suspended accepting new investments. AHP is company that purchases distressed mortgages, typically at a steep discount, and then works with homeowners to find a solution to get the loans performing again. In operation since 2008, AHP… Read More

August 19, 2017 @ 4:17 pm By Samantha Hurst  |  

On Friday, P2P lending platform RateSetter announced it has withdrawn from the Peer-to-Peer Finance Association (P2PFA). This news comes less than a month after the online lender was hit with a series of significant operational challenges as several large loans have struggled. RateSetter stated; “Following our… Read More

August 19, 2017 @ 2:00 pm By Samantha Hurst  |  

Less than one month after launching its equity offering on crowdfunding portal Seedrs, listnride, a Germany-based bike-sharing community platform, has successfully secured its initial €150,000 funding target. As previously reported, listinride describes itself as a bike sharing platform that connects bikes cycling enthusiasts. Users may book a variety… Read More

August 19, 2017 @ 11:57 am By Samantha Hurst  |  

With its equity crowdfunding campaign set to close on Crowdcube at the beginning of September, Enertor, an insole company that is endorsed and worn by Olympian Usain Bolt, has successfully secured more than 91% of its £750,000 funding target. Enertor previously stated that its insole… Read More

August 18, 2017 @ 3:14 pm By JD Alois  |  

Portland based Simple is going through a restructuring of sorts. According to a blog post by Simple’s co-founder and CEO Josh Reich, they made the mistake of acting too much like a bank. This wrong turn in the life of their company created some issues… Read More

August 18, 2017 @ 2:00 pm By Samantha Hurst  |  

Following the Coalition Government’s announcement of its first stage of reforms to strengthen the Anti-Money Laundering and Counter-Terrorism Financing Act, FinTech Australia’s CEO, Danielle Szetho, issued a statement on the situation.  According to a press release issued by the Australian Minister of Justice, the new bill… Read More

August 18, 2017 @ 1:00 pm By Samantha Hurst  |  

Kickstarter announced this week that it will be launching in Japan next month Plans for the crowdfunding giant to make its Japanese debut were revealed earlier this year. According to The Verge, Japanese creators will be able to use the funding portal to attract backers… Read More

August 18, 2017 @ 12:10 pm By JD Alois  |  

Elio Motors, Inc. (OTC QX:ELIO), the first Reg A+ issuer to list on a public marketplace following a crowdfunded offering, has filed a Form S-1 with the SEC indicating its intent to sell additional shares in the company. Elio also revealed its intent to list its… Read More

August 18, 2017 @ 11:38 am By JD Alois  |  

BlockMason is moving full steam ahead with their Initial Coin Offering (ICO) that will apparently be open to US investors. BlockMason is developing the Credit Protocol (CP) and associated Credit Protocol Token (CPT). With Credit Protocol, BlockMason says it has taken the “next logical step… Read More

August 18, 2017 @ 11:30 am By Samantha Hurst  |  

On Thursday, film studio Broken Lizard announced the highly anticipated, Indiegogo-funded comedy Super Troopers 2 is set to hit theaters on April 20, 2018. As previously reported, Broken Lizard sought to raise $2 million for the sequel of the 2001 cult classic Super Troopers during its Indiegogo campaign in 2015… Read More

August 18, 2017 @ 10:42 am By Samantha Hurst  |  

KeyBank (NYSE: KEY) announced on Thursday it has formed a strategic partnership with and equity investment in Billtrust, a pioneer of payment cycle management solutions. The bank revealed that this collaboration, along with the launch of KeyTotal AR, marks the most recent in a series… Read More

August 18, 2017 @ 10:12 am By Samantha Hurst  |  

Earlier this week, Abu Dhabi Global Markets (ADGM) announced it has joined forces with foreign exchange and remittance company UAE Exchange to support, develop and promote the fintech ecosystem in Abu Dhabi and the United Arab Emirates. The Memorandum of Understanding was notably signed by Promoth… Read More

August 18, 2017 @ 9:49 am By JD Alois  |  

Earlier this month the Office of Comptroller of the Currency (OCC) fired off a counter salvo in the legal battle regarding the OCC Fintech Charter. The Conference of State Bank Supervisors (CSBS) launched an attack against the OCC this past spring. Many Fintech industry participants… Read More

August 18, 2017 @ 9:12 am By Samantha Hurst  |  

On Friday, UK-based peer-to-peer lending platform Landbay announced the completion of its latest crowdfunding round on Seedrs, which attracted a grand total of £2,440,266. Gray Stern, co-founder and chief commercial officer at Landbay, revealed to UKTN (formerly Tech City News): “This was a bridge round funded by… Read More

August 18, 2017 @ 8:55 am By Samantha Hurst  |  

DreamHost, an online service provider for web hosting and cloud computing services to more than 400,000 customers worldwide, has recently launched crowdfunding efforts on CrowdJustice to fight a subpoena warrant from the Department of Justice that are requesting information for a customer’s website, disruptj30.org (aka ResistThis) which is notably… Read More