July 12, 2017 @ 5:50 pm By JD Alois  |  

YeKim, a company that started as per-request service exclusively for celebrity clients, then moved on to ready to wear, is now available to the public. And not just the clothing. YeKim has listed a Reg CF crowdfunding offer on Republic for a Crowd Safe investment…. Read More

July 12, 2017 @ 5:18 pm By JD Alois  |  

Seedrs is one of the largest equity crowdfunding platforms in the UK and thus the world. It is the first regulated crowdfunding platform in the UK but trailed Crowdcube by a few months in its official launch. While starting as a small, early stage funding… Read More

July 12, 2017 @ 5:04 pm By JD Alois  |  

LendingClub (NYSE:LC), an online marketplace connecting borrowers and lenders, has announced that it will report second quarter earnings, which ended on June 30, after the bell on Monday, August 7, 2017. LendingClub will host a conference call to discuss the Q2 results at at 2:00PM… Read More

July 12, 2017 @ 2:27 pm By JD Alois  |  

In an address delivered today at the Economic Club of New York, Securities and Exchange Commission Chairman Jay Clayton outlined his vision of the nation’s top securities regulator. Focusing first on the SEC’s Mission;  to protect investors, to maintain fair, orderly, and efficient markets, and to… Read More

July 12, 2017 @ 1:40 pm By JD Alois  |  

The European Crowdfunding Network (ECN) is reminding alternative finance industry types to complete the survey on cross-border crowdfunding and online lending (IE P2P lending, marketplace lending etc.).  The survey deadline is 12 Noon this Friday, July 14th. ECN seeks help in generating input for Capital… Read More

July 12, 2017 @ 12:40 pm By JD Alois  |  

Alternative finance data aggregator Crowdsurfer has rebranded as TAB or insidetab.io. The new name was selected in response to customer and partner feedback, according to management. TAB stated; “With TAB, we have created a brand that reflects these changes through our best-in-class data technology, market… Read More

July 12, 2017 @ 12:16 pm By JD Alois  |  

PwC and the Crowdfunding Center have published a joint report based on two years of data on seed (rewards) based crowdfunding from 9 different platforms. According to the report, campaigns led by women reach their target more often than crowdfunding campaigns led by men. The… Read More

July 12, 2017 @ 10:43 am By JD Alois  |  

Companisto, a leading investment crowdfunding platform based in Berlin, has shared data captured by a survey of their investors.  The survey, taken from 2,300 of its registered investors (out of more than 70,000) highlights some interesting information. According to Companisto, the following information was uncovered:… Read More

July 12, 2017 @ 8:22 am By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), an operator of financial markets, has reached the halfway mark of 25 states that now recognize its premium OTCQX market for the purposes of their “Blue Sky Manual Exemption” for secondary trading. Blue Sky rules can stymie trading in securities… Read More

July 12, 2017 @ 2:00 am By JD Alois  |  

Revolut has announced a $66 million Series B funding round to fuel an “aggressive expansion across Asia and North America”. The funding was described as a clear demonstration of strength for the UK based digital bank as a clear alternative to more traditional banking providers…. Read More

July 11, 2017 @ 10:18 am By JD Alois  |  

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

July 11, 2017 @ 9:00 am By JD Alois  |  

  Lemonade has announced the results of the company’s annual Giveback program, where a portion of the underwriting profits go to nonprofits. The Insurtech firm shares that the program has funded 14 charities chosen by Lemonade policyholders. Lemonade Insurance Company is a licensed insurance carrier offering… Read More

July 11, 2017 @ 7:48 am By JD Alois  |  

Folk2Folk has announced the launch of its Innovative Finance ISA (IFISA). The P2P lender’s “local” ISA can give investors the opportunity to support British businesses within their local area whilst earning tax-free interest on the loans. Jane Dumeresque, CEO Folk2Folk, said they were delighted to… Read More

July 11, 2017 @ 7:35 am By JD Alois  |  

iwoca, an online SME credit provider and a founding member of Innovate Finance, formed a partnership with Intesa Sanpaolo Group on SME lending. Intesa Sanpaolo is among the top banking groups in the euro zone and the leading business lender in Italy. The bank has a… Read More

July 10, 2017 @ 10:30 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) announced a new rule to ban financial companies from using mandatory arbitration clauses. The CFPB said these rules have denied people their day in court. Many consumer financial products like credit cards and bank accounts have arbitration clauses in… Read More

July 10, 2017 @ 5:06 pm By JD Alois  |  

U.S. Commodity Futures Trading Commission (CFTC) Acting Chairman J. Christopher Giancarlo has appointed Daniel Gorfine to serve as Director of LabCFTC and Chief Innovation Officer. Launched in May, LabCFTC is the CFTC’s sandbox type environment for Fintech innovation. Gorfine is well known in the Fintech and… Read More

July 10, 2017 @ 3:26 pm By JD Alois  |  

Wirecard has announced an agreement with Tencent’s WeChat Pay, one of the leading mobile payment solutions in China. WeChat or Weixin are deeply integrated into Chinese people’s daily life with a combined monthly active users of over 938 million. The mobile payment solution, WeChat Pay, has… Read More

July 10, 2017 @ 1:53 pm By JD Alois  |  

Following the first full week of trading on NASDAQ, ShiftPixy (NASDAQ:PIXY) is holding its early gains. ShiftPixy raised $12 million in a Reg A+ offer with the assistance of WR Hambrecht. The crowdfunding round closed on June 29th.  The following day (June 30th), shares in… Read More

July 10, 2017 @ 1:17 pm By JD Alois  |  

Partech Ventures has closed its seventh venture fund at the €400 million cap, for its program spanning pre-seed, seed, venture to growth stages over the past eighteen months. Partech states the fund has been oversubscribed, bringing together thirty major European and U.S. investors along with business angels,… Read More

July 10, 2017 @ 12:39 pm By JD Alois  |  

  The Bank of England has has published summaries of the third round of Proofs of Concept (POCs) completed by its Fintech Accelerator. Launched a year ago, the Accelerator seeks to deploy innovative technologies on issues relevant to the Bank’s mission and operations. The Bank… Read More