August 11, 2016 @ 10:38 am By Erin Hobey  |  

India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The investment proves and strengthens our brand conviction towards disrupting credit in India,”  Faircent CEO Rajat Gandhi told the Economic Times. “Our… Read More

August 11, 2016 @ 10:12 am By Erin Hobey  |  

Finova Financial, a cloud and mobile-based consumer auto title lending platform, has raised $52.5 million in a combination of equity and a credit facility, claiming to be one of the largest initial rounds in FinTech industry history, announced the platform. The funding round was led by… Read More

August 9, 2016 @ 11:44 am By Erin Hobey  |  

“Traditional whiskey can take 6 to 12 years to passively age in a barrel yet emerging markets are creating shortages that established distilleries simply can’t manage. With disruptive technology, our process uses pressure variations and oxygenation that reduces maturation time to less than 24 hours,” stated… Read More

August 9, 2016 @ 10:49 am By Erin Hobey  |  

Small Change continues to make a difference in the Pittsburgh market.  Its currently live campaign is offering is the Buvinger Building.  Located at 4407 Butler Street, the historic three-story building located in the Lawrenceville neighborhood of Pittsburgh, Pennsylvania, the developer is seeking equity investments of $238,500, which… Read More

August 9, 2016 @ 10:22 am By Erin Hobey  |  

It’s official.  AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has appointed Utsav Somani, who previously worked with LetsVenture, as an Advisor to spearhead its operations in India. In the blog post “Bringing AngelList to India”, Somani disclosed his new role… Read More

August 9, 2016 @ 9:46 am By Erin Hobey  |  

CapitalRise, the London-based property investing platform which was founded by property veterans Alex Michelin and Andrew Dunn of Finchatton and FinTech expert Uma Rajah, launched in July 2016, announces its second deal on prestigious Grosvenor Square, regarded as London’s most famous square. The project aims to… Read More

August 5, 2016 @ 10:15 am By Erin Hobey  |  

Westpac announced another AUS$50 million commitment into a second fund to be managed by Reinventure Group, according to a release. Reinventure, cofounded by Danny Gilligan and Simon Cant, makes investments from Seed through to Series A and up, with a particular focus on disruptive technologies with a direct… Read More

August 5, 2016 @ 9:18 am By Erin Hobey  |  

In late July, Barcelona-based Capital Cell received Comisión Nacional del Mercado de Valores (CNMV) approval to operate as a “Participatory Financing Platform.” This authorization includes the capability to select and publish financing projects and also gives Capital Cell the right to operate as an investment… Read More

August 5, 2016 @ 8:36 am By Erin Hobey  |  

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

August 5, 2016 @ 8:08 am By Erin Hobey  |  

The robo-investor Wealthify plans to raise £1 million in capital from the crowd through Seedrs. Continuing its mission to democratize investing in the UK, the online investment service, which went live in April, plans to launch its public crowdfunding campaign on 12 September. Priority access will be given… Read More

August 4, 2016 @ 10:37 pm By Erin Hobey  |  

Over 3118% funded. Since its launch last month, the San Francisco startup Andromium’s Kickstarter campaign has secured over $1,560,000 for The Superbook, a device that turns Android smartphones into laptops. Over 9,612 backers have subscribed to the idea, described as a smart laptop shell that consists of an 11.6″ HD screen, keyboard, and… Read More

August 4, 2016 @ 9:54 pm By Erin Hobey  |  

Seeking to spark demand for its consumer debts arranged online, Lending Club (NYSE:LC) is said to be in talks with Western Asset Management Co. to set up a fund to purchase as much as $1.5 billion of loans over time, reported Bloomberg. An unidentified person familiar… Read More

August 4, 2016 @ 9:10 pm By Erin Hobey  |  

Earlier this year OCBC Bank launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups.  Now, a few months later, OCBC Chief Executive Samuel Tsien emphasized the ongoing commitment to welcoming and strengthening… Read More

August 4, 2016 @ 8:55 pm By Erin Hobey  |  

Startupbootcamp, a leading accelerator group with 14 industry-focused accelerator programs, has today announced a new global collaboration with Cisco. Cisco will be expanding its work with Startupbootcamp from its Amsterdam and Berlin accelerator programs to support its 14 physical locations and 325+ portfolio companies.  “Adding Cisco as one… Read More

July 28, 2016 @ 10:00 am By Erin Hobey  |  

Onevest announced today the acquisition of FounderDating to create one of the largest and leading networks of entrepreneurs and advisors, in combination with Onevest’s subsidiary, CoFoundersLab. “We are thrilled to welcome the FounderDating community into our entrepreneurial ecosystem,” said Onevest’s Executive Chairman Alejandro Cremades. “Small… Read More

July 28, 2016 @ 9:26 am By Erin Hobey  |  

German firms FinTech Group and Rocket Internet have teamed up to build a pan-European digital bank, according to a release. The bank is just the first stage of a “comprehensive technology partnership” between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous… Read More

July 28, 2016 @ 9:01 am By Erin Hobey  |  

Elevate, a provider of online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million. “Elevate… Read More

July 28, 2016 @ 8:32 am By Erin Hobey  |  

CapitalRise, a new property investing platform enabling everyday investors to sidestep middlemen and invest directly in some of the finest real estate, has not only gone live but has fully funded. According to the platform, CapitalRise differs from other platforms in that it offers higher… Read More

July 26, 2016 @ 12:56 pm By Erin Hobey  |  

Singapore-based crowdfunding platform Crowdo received its full Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS) for securities crowdfunding (SCF) to deliver P2P lending and equity crowdfunding, according to the platform’s blog, reportedly making Crowdo the first and only regional operator that can undertake licensed… Read More

July 26, 2016 @ 12:34 pm By Erin Hobey  |  

The European Commission has launched a call for tenders for a service contract to conduct a study on the fintech sector with a total price that cannot exceed 350,000 Euros, according to a release. The objective of the contract is to better understand the fintech sector… Read More