October 4, 2017 @ 4:50 pm By JD Alois  |  

  Glenn Ballman, an internet entrepreneur from the DotBomb days, has launched a new company called düber Technologies. Düber is described as a SaaS provider for the Cannabis industry, an emerging sector of business that has been ready to boom for years. Düber recently announced… Read More

October 4, 2017 @ 12:40 pm By JD Alois  |  

The Chairman of the Securities and Exchange Commission, Jay Clayton, visited with the House Financial Services Committee today. In his prepared remarks and along with subsequent questioning, Clayton aptly defended the importance of capital formation and the need to have a robust Initial Public Offering… Read More

October 4, 2017 @ 8:43 am By JD Alois  |  

The two-year-old Haven Life, an online insurance platform has launched an improved buying experience that is said to prioritize the delivery of real rates over quotes and features a friendlier application process and fewer laborious questions. Haven Life, a life insurance startup that’s backed and wholly… Read More

October 4, 2017 @ 8:20 am By JD Alois  |  

Pie Insurance, a direct distribution workers’ compensation Insurtech business, has launched today at InsureTech Connect. Pie Insurance said it had closed on a $4.3 million seed round led by Sirius Group, Moxley holdings and Elefund. Sirius Group, is a global specialty insurer and reinsurer with… Read More

October 4, 2017 @ 7:32 am By JD Alois  |  

ZOA Robotics, a “biologically inspired robot creator, has secured seed investment from the British Robotics Seed Fund (BRSF). The £85,000 investment is said to be the first of a series that have been made by the UK’s robotics-focussed investment firm. ZOA Robotics is also raising… Read More

October 4, 2017 @ 7:30 am By JD Alois  |  

Roofstock has just closed a substantial funding round led by Canvas Ventures. The online investment marketplace for single-family rental homes, has raised $35 million in Series C financing. The new funding included “substantial participation” from existing investors Lightspeed Venture Partners, Bain Capital Ventures, Khosla Ventures,… Read More

October 3, 2017 @ 10:39 pm By JD Alois  |  

Online SME lender Kabbage is raising $161 million, according to a filing with the Securities and Exchange Commission. The Fintech firm filed the Form D last week indicating it had already received $80,573,040 with the same amount remaining to be raised. Kabbage announced in early… Read More

October 3, 2017 @ 10:22 pm By JD Alois  |  

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), along with Infocomm Media Development Authority (IMDA), have successfully completed a proof-of-concept for a Know Your Customer (KYC) blockchain. OCBC Bank is the longest established bank in Singapore formed in 1932 from the merger of three… Read More

October 3, 2017 @ 7:00 pm By JD Alois  |  

The Financial Industry Regulatory Authority or FINRA is currently in the midst of a comprehensive review of its rules and practices. The internal project has been labeled FINRA 360 and is said to ensure that FINRA is operating as the most effective self-regulatory organization it can be…. Read More

October 3, 2017 @ 10:04 am By JD Alois  |  

SEC Chairman Jay Clayton is scheduled to visit with the House Financial Services Committee tomorrow (October 4) beginning at 10AM ET. Clayton already testified before the Senate Banking Committee a few days back. The hearing is entitled “Examining the SEC’s Agenda, Operations, and Budget.” The… Read More

October 3, 2017 @ 9:00 am By JD Alois  |  

Crowdcube, the UK’s largest crowdfunding platform, is reporting another strong quarter of performance in 2017 along with over £1 million generated in company revenue. According to the platform, Crowdcube launched 70 offerings in Q3 of 2017 – 3X more than same period year prior. Platform… Read More

October 3, 2017 @ 8:42 am By JD Alois  |  

Shojin Property Partners is the newest entrant into the property crowdfunding space. The London based, FCA regulated crowdfunding platform was officially opened on 27th September. Shojin seeks to will investors looking to invest in property with property developers looking for funding.  Interestingly, Shojin said that… Read More

October 3, 2017 @ 6:46 am By JD Alois  |  

Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located  in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore… Read More

October 2, 2017 @ 11:20 pm By JD Alois  |  

Seedrs, one of the leading UK based investment crowdfunding platforms, has closed on £10 million in funding with £4 million coming from Woodford Investment Management and the balance coming from retails investors via their own platform. The deal was announced earlier this month with Seedrs… Read More

October 2, 2017 @ 9:15 pm By JD Alois  |  

Early in the crowdfunding game, RocketHub was a prominent platform in the rewards space. The platform was sold in 2015 for $15 million and eventually the founders moved on to pursue other ventures. The acquiring company, privately held Eleqt Group, has since repositioned RocketHub as… Read More

October 2, 2017 @ 6:01 pm By JD Alois  |  

Marco Santori, Fintech Team Leader at the law firm of Cooley LLP, has published a white paper tackling the issue of “Simple Agreement for Future Tokens” or SAFTs – the widely used structure for Initial Coin Offerings (ICOs). Santori proposes a path toward a compliant framework… Read More

October 2, 2017 @ 4:04 pm By JD Alois  |  

SMSCHAIN has announced the launch of the blockchain based application that is said to connect everyone willing to sell their unused SMS to aggregators, providing A2P (application to person) SMS delivery services to businesses on a global decentralized platform. Andrey Insarov, CEO of SMSCHAIN, also… Read More

October 2, 2017 @ 12:35 pm By JD Alois  |  

OTC Markets (OTCQX: OTCM) has formed a parternship with the Canadian Securities Exchange (CSE), a Canadian listing exchange recognized as a Qualified Foreign Exchange in the U.S.. The strategic alliance is said to offer a new program for issuers looking for an efficient IPO experience… Read More

October 2, 2017 @ 12:26 pm By JD Alois  |  

Goldman Sachs is strongly considering launching a cryptocurrency trading division. This is according to a report by WSJ.com that apparently received the information directly from  GS executives. If Goldman Sachs launches the new operation, it will be the first Blue Chip Wall Street firm to… Read More

October 2, 2017 @ 12:09 pm By JD Alois  |  

AION tokens will be available in public pre-sale on October 3, 2017 Blockchain company Nuco has announced the advisory board for Aion, a blockchain network and framework allowing communication between blockchains. Aion’s 11 new advisors include some pretty impressive executives including a VP from the Toronto… Read More