May 31, 2017 @ 5:21 pm By JD Alois  |  

The Financial Industry Regulatory Authority (FINRA) has scheduled a symposium in New York City to discuss Blockchain or Distributed Ledger Technology (DLT). Blockchain has powered the growth of digital currencies and since the advent of Bitcoin, Blockchain has stolen a growing amount of attention as… Read More

May 31, 2017 @ 4:57 pm By JD Alois  |  

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

May 31, 2017 @ 12:21 pm By JD Alois  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, has announced that Victory Park Capital (VPC) has increased its existing credit facility with ADF from $50 million to $75 million. The facility has also been extended through 2021. Simultaneously, ADF raised $6.5 million… Read More

May 31, 2017 @ 11:40 am By JD Alois  |  

During a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Mario Draghi, President of the European Central Bank, addressed the hot topics of Fintech and Blockchain technology (Distributed Ledger Technology or DLT). In prepared remarks, Draghi spoke about the economic… Read More

May 31, 2017 @ 10:53 am By JD Alois  |  

Elevate Credit, Inc. (NYSE: ELVT), a provider of online credit solutions for non-prime consumers, has announced their Elastic product has surpassed $200 million in total principal outstanding, with more than 120,000 open accounts. Elevate has originated $4 billion in non-prime credit to more than 1.6 million… Read More

May 31, 2017 @ 10:21 am By JD Alois  |  

Seedrs has announced the first securities will trade on its secondary trading platform for shares in crowdfunded businesses next Tuesday, June 6, 2017. Previously announced, trading is scheduled to take place on the first Tuesday of each month (Trading Tuesdays). This will help to concentrate… Read More

May 31, 2017 @ 9:29 am By JD Alois  |  

Ravi Menon, current Managing Director of the Monetary Authority of Singapore (MAS), has been re-appointed to the MAS board of directors. His term on the Board has now been extended to June 1, 2019. Menon began his career at MAS in 1987. He holds a Master in… Read More

May 31, 2017 @ 8:03 am By JD Alois  |  

The team at Crowdfunding.de is out with their 2017 Barometer report for the crowdfunding market in Germany. Started two years ago, the Barometer interviews approximately 1000 people in Germany to gauge their exposure and understanding of the crowdfunding market. For this year’s Barometer, the report… Read More

May 31, 2017 @ 7:16 am By JD Alois  |  

Downing Crowd is raising £2.8 million for a data center based in Birmingham. Downing Crowd is part of Downing LLP, an FCA authorized and regulated investment manager with over 20 years of experience. The first tranche of the offer has already secured £1.9 million. The… Read More

May 31, 2017 @ 6:53 am By JD Alois  |  

LendingClub (NYSE:LC) has filed a new form with the SEC (DEF 14A) in advance of the annual shareholders meeting which is scheduled to take place on June 6, 2017. The addition to the Annual Meeting Proxy Statement, a standard filing, includes a presentation on the… Read More

May 31, 2017 @ 6:15 am By JD Alois  |  

Last year, the National Crowdfunding Association of Canada (NCFA) published their industry-led research in the 2016 Alternative Finance Crowdfunding in Canada report. Their research benchmarked industry growth at 48% from 2013-2015 and predicted the 2016 market volume to be $190 million The NCFA has now… Read More

May 31, 2017 @ 1:24 am By JD Alois  |  

Last year, the Infocomm Media Development Authority, or IMDA, was formed in Singapore. Today, IMDA has become an factor in driving the digital innovation vision established by the Singapore government. Speaking last week at the Infocomm Media Business Exchange Opening Ceremony, Dr. Yaacob Ibrahim, Minister for Communications… Read More

May 30, 2017 @ 11:02 pm By JD Alois  |  

HelloMD has received a significant boost from SeedInvest’s “Selections Fund”. HelloMD announced that is has received $200,000 from the Fund in addition to the already $900,000 committed to the crowdfunding offer on SeedInvest. HelloMD is a digital healthcare platform in the fast growing market of… Read More

May 30, 2017 @ 10:39 pm By JD Alois  |  

UK based Fineqia has announced its intent to launch the Beta version of its new investor platform by Canada Day (July 1, 2017). Fineqia is based in the UK. Finequia has partnered with JOI Media’s Katipult crowdfunding platform to launch in Canada. JOI is based… Read More

May 30, 2017 @ 10:17 pm By JD Alois  |  

Dubuc Motors said it would be starting production of its Tomahawk electric car in 2018. Dubuc said the Tomahawk “will be produced in the thousands of units appropriately intended for a niche market within the luxury segment.” Dubuc intends to unveil the production model at… Read More

May 30, 2017 @ 5:45 pm By JD Alois  |  

InGen Dynamics Inc, creator of the Aido home robot, released a statement today saying that it has successfully closed their “online mini IPO” on the 15th of April of this year. InGen raised funding using Reg CF or Regulation Crowdfunding as created by the JOBS… Read More

May 30, 2017 @ 5:18 pm By JD Alois  |  

Orchard X, the secondary trading platform being created by Orchard platform, received coverage from NYTimes.com yesterday shedding some light on the delayed launch. The electronic trading platform for online lending assets was announced in April 2016 but since that date little has been said about a… Read More

May 30, 2017 @ 3:22 pm By JD Alois  |  

Today, everyone is using technology to market and promote their product or service. Whether it is email marketing, social media or lead generation, you have to do it to grow your business. Kulea.ma (registered as Nomad Ai) has created a marketing automation platform to streamline… Read More

May 30, 2017 @ 10:01 am By JD Alois  |  

Revolut, the app-based digital only bank, has announced an “industry first” partnership with pension manager PensionBee. Revolut explains that the move allows their users to easily manage their pension plans by finding and combining into a single online plan. Of course this is all accessible… Read More

May 30, 2017 @ 9:22 am By JD Alois  |  

ID assurance provider Signicat, one of the largest identity assurance providers in the world, has launched MobileID, a mobile authentication product. In addition to offering financial service providers speedy onboarding and identity assurance using a number of digital identity plans, Signicat now also offers Strong Customer… Read More