May 5, 2017 @ 9:30 am By Erin Hobey  |  

Hot off the press! UK crowdfunding platform Downing Crowd quickly raised £2.5 million for the redevelopment of a historic pub in Berkshire owned by Oakman Property Ltd. Specific details are not yet available, apart from yesterday’s release. Downing Crowd is part of Downing LLP, an FCA authorized and… Read More

May 5, 2017 @ 8:47 am By Erin Hobey  |  

Kickstarter alums Jesse Reed and Hamish Smyth have tapped again into again with their third Kickstarter campaign. Their timely reissuing of design firm Chermayeff & Geismar’s 1977 US EPA Graphic Standards System has garnered over $128,900 from more than 1,498 backers with 21 days remaining on the campaign.  The former… Read More

May 5, 2017 @ 8:18 am By Erin Hobey  |  

Irish P2P lending platform Flender, which secured £501,700 from more than 230 investors during its Seedrs equity crowdfunding round this past January (reportedly the first Irish Fintech platform to successfully complete an equity crowdfunding round), is authorized and regulated by the Financial Conduct Authority under Registration Number… Read More

May 4, 2017 @ 4:41 am By Erin Hobey  |  

Co-founded in 2011 by Helen Boyle and Claire Ollard, The Dip Society offers healthy dips and pâtés in several British retailers and independent shops including Selfridges, Booths and Ocado. Primed for further growth, the all-female executive team has paired with Seedrs to raise £300,000 by way of… Read More

May 4, 2017 @ 3:52 am By Erin Hobey  |  

Ameria, a German technology company which develops digital marketing and sales solutions for companies including HARIBO, MediaSaturn and Porsche has synced with Companisto to raise 700€K. Valued at 22,500,000€, Ameria has raised over 518,190€ for 3.02% shared offered from more than 387 investors. The largest investment to date is… Read More

May 4, 2017 @ 3:09 am By Erin Hobey  |  

Tungsten Network, a leading global business transaction network, and BlueVine, a leading provider of online working capital financing, unveiled a new partnership today that aims to better meet the financing needs of small and medium-sized businesses (SMBs) on Tungsten’s Network. By linking with Tungsten Network,… Read More

May 2, 2017 @ 6:53 am By Erin Hobey  |  

Growth Street’s marketplace rate dropped on Monday from 6.5% AER to 6.4% AER, rewarding borrowers with a 10bps drop in their costs of funds. The UK P2P lender attributes the drop to the momentum it has built on its platform, welcoming over 700 investors to date since the… Read More

May 2, 2017 @ 6:32 am By Erin Hobey  |  

Propertista, a Spanish real estate agency online that connects buyers and sellers directly, is overfunding on Crowdcube Spain. ¡Sigue ganando tracción! Since launching 9 months ago, the platform reportedly saved its customers more than 300,000€ in agency commissions and touts a real estate portfolio worth more than 8M€. 60%… Read More

May 2, 2017 @ 3:57 am By Erin Hobey  |  

Miss Piggy, Grover, Kermit and their Muppet pals will come to life again thanks to over 1,811 Kickstarter backers supporting the Museum of the Moving Image Jim Henson Exhibition.  With nine days remaining on its campaign, more than $127,915 has been raised toward an exhibition that explores the famous Muppet creator. Rainbow connections officially… Read More

April 27, 2017 @ 3:07 pm By Erin Hobey  |  

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

April 27, 2017 @ 10:31 am By Erin Hobey  |  

Nigerian Kudi Capital Management Ltd announced the public launch of Kudimoney, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. Kudimoney aims to differentiate itself from OneFinance, Kiakia, C24, Snapcredit and QuickCheck by offering uncollateralizedloans to individuals within one hour. The company platform counts over 5,000 registered… Read More

April 27, 2017 @ 10:16 am By Erin Hobey  |  

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

April 27, 2017 @ 7:01 am By Erin Hobey  |  

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

April 27, 2017 @ 6:46 am By Erin Hobey  |  

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More

April 25, 2017 @ 12:10 pm By Erin Hobey  |  

“Before 1970, the United States was in a radically different place.Our environment, our cities, our people: abused, dirty, and sick after years of neglect. President Nixon decided to change that. In 1970, the United States Environmental Protection Agency was enacted to protect the environment and the… Read More

April 25, 2017 @ 7:00 am By Erin Hobey  |  

LendKey, a leading lending-as-a-service provider for banks and credit unions, released its Student Loan Refinance Report, its second in a series that highlights borrower trends across banks and credit unions. This latest report focuses on the state of student refinancing including the borrower demographic, their… Read More

April 25, 2017 @ 6:56 am By Erin Hobey  |  

According to multiple new sources, MobiKwik and FreeCharge are considering an all-stock deal merger. Post-merger, the platform also anticipates an additional $200 million (nearly Rs 1,300 crore) injection from an unnamed Chinese investor. FreeCharge, part of online marketplace Snapdeal, has reportedly been seeking a buyer for some time, having recently… Read More

April 25, 2017 @ 5:24 am By Erin Hobey  |  

In the context of the Horizontal Taskforce on Fintech and Distributed Ledger Technologies (DLT), the European Parliament has mandated the European Commission to implement a pilot project in order to build up technical expertise and regulatory capacity. The European Commission intends to launch a call… Read More

April 20, 2017 @ 5:22 am By Erin Hobey  |  

The proliferation of P2P marketplace, and most importantly online lending brings a competitive challenge for existing financial institutions that is here to stay. Its meteoric rise has provoked regulators around the world to deliberate on the new models of oversight needed to benefit consumers and… Read More

April 20, 2017 @ 4:51 am By Erin Hobey  |  

  WISeKey International Holding Ltd (WIHN.SW), a leading Swiss cybersecurity and Blockchain IoT company announced today its intention to establish an IoT Blockchain Center of Excellence Center in the Canton of Zug aiming to deploy a Trusted Blockchain as a Service platform. The Center will… Read More