April 3, 2015 @ 9:23 am By Erin Hobey  |  

VarageSale, the online marketplace for people to buy, sell and connect with their local communities, announced its partnership with Lightspeed and Sequoia, raising $34 million. The financing will be used to further enhance the VarageSale user experience and to continue to expand the company’s user base… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

April 2, 2015 @ 10:04 am By Erin Hobey  |  

CAN Capital, a player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First… Read More

April 2, 2015 @ 9:52 am By Erin Hobey  |  

Singapore’s sovereign wealth fund Temasek and money manager BlackRock are set to buy stakes in Funding Circle in deals that could value the British peer-to-peer lending platform at more than $1 billion, reported Sky News today. Temasek plans to invest about 30 million pounds ($44.4 million)… Read More

April 2, 2015 @ 9:29 am By Erin Hobey  |  

With an increasing number of start-ups launching with crowdfunding platforms, eBay has turned into a logical “step two” for entrepreneurs like FluxMob’s cofounders who are looking to expand their product’s reach.  Alan Tran and his childhood friend Justin Zito swiftly raised $90,253 in initial funds for their tech… Read More

April 2, 2015 @ 9:17 am By Erin Hobey  |  

Seeking to go to the source, UBS will open a fintech innovation lab at the Level39 accelerator space in London’s Canary Wharf, according to TechWorld’s Sam Shead.  The global wealth manager hopes that the lab, set up by a UBS team of fintech specialists, will aid its understanding… Read More

April 1, 2015 @ 11:22 am By Erin Hobey  |  

FinTech Sandbox announced today that risk management startup Prophis Technology has been admitted to its program. Prophis is the first startup to join the Sandbox since the program’s official launch earlier in March. FinTech Sandbox is a Boston-based nonprofit that helps global FinTech startups build innovative products… Read More

April 1, 2015 @ 11:06 am By Erin Hobey  |  

The 1970 NYC Transit Authority Graphics Standards Manual, by Unimark’s Massimo Vignelli and Bob Noorda, was kickstarted by Pentagram designers Jesse Reed and Hamish Smyth and dedicated to Massimo Vignelli, Bob Noorda, and the Unimark staff, reissued in the early months of 2015 as a full-size book. Licensed exclusively from the MTA and… Read More

April 1, 2015 @ 10:25 am By Erin Hobey  |  

Sindeo, a modern mortgage marketplace, announced its newest executive hire Tony Sachs, formerly of First Republic Bank, who will assume the role of Chief Lending Officer. With over 15 years of experience at First Republic, most recently as SVP of Lending Strategy, Products & Sales,… Read More

April 1, 2015 @ 10:12 am By Erin Hobey  |  

JD.com, Inc. (Nasdaq:JD), China’s leading online direct sales company, today announced its launch of a series of initiatives to help finance, develop and promote the creation of start-ups in China. The new JD Equity Crowdfunding platform, which builds upon JD.com’s success in the area of Internet finance, is expected to… Read More

March 31, 2015 @ 2:24 pm By Erin Hobey  |  

In a release, InvestUp MD and Co-Founder James Tuckett opined on Massolution’s Crowdfunding Report.  An excerpt follows: It’s not often that we get to write about the only global report on crowdfunding worth talking about. And this one’s doubly special, as we’ve waited for over two… Read More

March 31, 2015 @ 2:05 pm By Erin Hobey  |  

CAN Capital, a leading player in alternative small business finance, has named David Dart to the position of Chief Technology Officer. Dart will oversee the company’s continued development of technology focused on providing small businesses with fast, efficient access to capital.  He will be based in Kennesaw, Georgia and… Read More

March 31, 2015 @ 1:51 pm By Erin Hobey  |  

ExtraFunds, a loan servicing company within the short-term lending marketplace that has serviced over 42,000 consumer loans in five years, seeks  to raise at least $1 million through the Crowdfunder platform to dramatically expand business operations. The raised capital will be used for additional lead acquisition, marketing… Read More

March 31, 2015 @ 1:07 pm By Erin Hobey  |  

Report Forecasts Total Global Crowdfunding to Reach $34.4 Billion in 2015 North America Remaining the Largest Market and Asia, Outpacing Europe in 2014, in Second Place As crowdfunding accelerates at an unprecedented rate, its impacting government policy, informing enterprise innovation and changing the role of… Read More

March 30, 2015 @ 11:22 am By Erin Hobey  |  

Having acquired customers across the continent including Ireland, Spain, Belgium, Sweden, Denmark and the UK, the Nordic fintech startup Holvi seeks to make its name better known in the European banking landscape and reshape financial services across Europe by targeting Germany and Austria. “Germany along the… Read More

March 30, 2015 @ 10:24 am By Erin Hobey  |  

Seedrs, the largest crowdfunding platform in Europe to focus solely on equity investments, announced today that it has made two key appointments to its world-class Advisory Board: Dave Morin and Logan Green. Dave Morin, helms social networking site Path as its CEO and Co-Founder. Path’s mission is to make… Read More

March 30, 2015 @ 10:02 am By Erin Hobey  |  

The Chinese government announced the establishment of the Steering Group on Financial Technologies to advise the Government on how to develop Hong Kong into and promote Hong Kong as a Fintech hub. The initiative to set up the Steering Committee was announced in the Financial… Read More

March 30, 2015 @ 9:38 am By Erin Hobey  |  

The investment in the peer-to-peer lender RateSetter, from veteran investment banker, Ken Costa, Woodford Investment Management and Artemis, places confidence in the nascent UK P2P and crowdfunding industry. Costa also led a £25m investment in the online-only challenger bank, Atom Bank, late last year. The £20… Read More

March 30, 2015 @ 9:24 am By Erin Hobey  |  

In February Cloud Lending Solutions announced that its customer and partner,  LendingPoint, had successfully used Cloud Lending as a foundation to go from concept to market in less than ninety days.  Helmed by CEO and Founder Snehal Fulzele and CTO Darpan Saini,  Cloud Lending has quickly disrupted global direct online lending as more and… Read More

March 24, 2015 @ 8:45 pm By Erin Hobey  |  

Realty Mogul, the online peer-to-peer marketplace for real estate investing, announced the completion of its first-ever crowdfunding project in New York, raising $1.6 million from 46 investors for two apartment buildings in Brooklyn and enabling project sponsor Cayuga Capital Management to recapitalize the property.  The… Read More