June 10, 2017 @ 10:59 am By JD Alois  |  

Cadre describes itself as a tech-enabled real estate investment platform with an emphasis on differentiated sourcing, diligence enhanced by data, increased transparency, and investor-friendly terms. Cadre is targeting bigger investors but has plans to expand their and now they have additional funding to execute on their… Read More

June 9, 2017 @ 5:38 pm By JD Alois  |  

Adomani has announced the official closing of its Reg A+ crowdfunding round having raised $14.261 million. Crowdfund Insider reported earlier this week the offer had closed at $14.45 million, according to the offer page on FlashFunders. The company said it expects its shares to trade… Read More

June 9, 2017 @ 4:29 pm By JD Alois  |  

Lending Club (NYSE:LC) has filed an 8-K with the results of the Annual Meeting including the election of Directors. Present at the Annual Meeting in person or by proxy were holders of 313,460,225 shares of common stock, representing 77.7% of the shares of common stock… Read More

June 9, 2017 @ 3:28 pm By JD Alois  |  

Myomo, a medical robotics company that has developed powered brace to support a weak arm, will become the first Regulation A (Reg A+) issuer to immediately go from crowdfunding to actively trading on an exchange. Myomo will begin trading on the New York Stock Exchange… Read More

June 9, 2017 @ 12:10 pm By JD Alois  |  

Flipkart, one of the largest e-commerce platforms in India sales topping $2 billion each year, is getting into Fintech. Just like all other e-commerce platforms the combination of providing credit to customers is just too compelling of a business to pass up. Flipkart states that… Read More

June 9, 2017 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Acting Director of the Division of Enforcement Stephanie Avakian and former federal prosecutor Steven Peikin have been named Co-Directors of the Division of Enforcement. The SEC’s Division of Enforcement is the agency’s largest unit with more… Read More

June 9, 2017 @ 8:59 am By JD Alois  |  

  The Monetary  Authority of Singapore (MAS) has inked another Fintech agreement. This time MAS as signed a Memorandum of Understanding (MOU) with the Association of Supervisors of Banks of the Americas (ASBA). The ASBA helps to develop and promote bank supervisory practices throughout the… Read More

June 9, 2017 @ 8:16 am By JD Alois  |  

NextGen Crowdfunding has announced a live crowdfunding pitch event where entrepreneurs will take to the stage to present their investment crowdfunding campaigns. The event is free to watch or attend in person if you happen to be in Los Angeles. Live streamed on the NextGen… Read More

June 9, 2017 @ 7:46 am By JD Alois  |  

Lykke, a blockchain-powered wallet and marketplace, has announced that Ethereum is now available on the Lykke Exchange. Lykke users are now able to trade ether against all other tokens and currencies in the Lykke exchange. Lykke reports that its engineers are now working on tokens. By… Read More

June 8, 2017 @ 10:38 pm By JD Alois  |  

Dodd-Frank has proven to be a horrible act of legislation. A reactionary swipe directed towards the financial services industry following the calamity known as the Great Recession, many portions of the law have not yet been fully enacted. The new regulations are simply too convoluted… Read More

June 8, 2017 @ 9:42 pm By JD Alois  |  

Amazon (NASDAQ:AMZN) announced today that it had originated over $3 billion in loans to more than 20,000 small businesses since 2011. One billion of those loans came in the past 12 months. Peyush Nahar, VP for Amazon Marketplace, released a statement on the milestone; “We… Read More

June 8, 2017 @ 3:47 pm By JD Alois  |  

Some crowdfunding platforms are accepting money from international investors. First, to clarify, is is allowable under US regulations but there are caveats to the rules. In the US, there are three different securities exemptions where you can publicly promote your offerings online: Reg D (506c),… Read More

June 8, 2017 @ 1:55 pm By JD Alois  |  

American Homeowner Preservation (AHP) 2015A+ LLC  has acquired 799 non-performing mortgages from the 3 Star Properties, LLC bankruptcy. AHP paid $2,875,000 for $43,822,832 in total debt from the bankruptcy proceedings. The mortgages are on properties located in 39 states plus Puerto Rico, with the largest… Read More

June 8, 2017 @ 1:45 pm By JD Alois  |  

Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), visited the Office of Financial Development Service, the People’s Government of Shenzhen Municipality (OFDS) last week to “keep abreast of the applications and latest developments of fintech in Shenzhen.” The meeting was also an… Read More

June 8, 2017 @ 12:03 pm By JD Alois  |  

OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem.  The… Read More

June 8, 2017 @ 11:20 am By JD Alois  |  

Transactive has received $1.5 million seed funding from AngelRush. Transactive is a UK based payments platform that integrates the growing number of payment platforms. Transactive describes itself as a “Payments Translator.” Transactive develops transaction-processing software that enables single-source access to payment systems such as Visa… Read More

June 8, 2017 @ 11:02 am By JD Alois  |  

BrewDog is a trailblazer in the investment crowdfunding space. In the UK, their Equity for Punks crowdfunding campaign has raised tens of millions of pounds in multiple iterations. Earlier this year, BrewDog closed a £10 million mini-bond offer on Crowdcube, once again proving its efficacy… Read More

June 8, 2017 @ 8:48 am By JD Alois  |  

Crowd4Climate.org, a crowdfunding platform for climate protection projects in developing countries, has successfully funded its second project since the launch of the platform in November 2016. A Mobile solar power plant, Africa GmbH & Co. KG from Germany, collected more than €170,000 for a mobile… Read More

June 7, 2017 @ 3:46 pm By JD Alois  |  

iintoo a real estate marketplace for accredited investors has shared some interesting information on their young platform. According to company representatives,  iintoo recently raised $4.5 million for a student housing complex in Oshkosh, Wisconsin with Annex Student Living, a development firm from Indiana. The funds… Read More

June 7, 2017 @ 3:23 pm By JD Alois  |  

Earlier this year, the European Commission published a consultation paper on Fintech. Entitled, “Fintech: A More Competitve and Innovative European Financial Sector,” comments are starting to be published as the deadline nears (June 15, 2017). The ESMA published their comments today. The consultation was predicated… Read More