May 20, 2017 @ 4:08 pm By JD Alois  |  

Mumbai-Singapore based Telr, founded in 2014 by Sirish Kumar and Elias Ghanmen, has received additional funding in a Series B round. Telr received $3 million led by Innovation East Funds.  Telr is a payments gateway, MCA and ecommerce platform that is growing in emerging markets. Telr expects… Read More

May 20, 2017 @ 3:45 pm By JD Alois  |  

Qupital, an online invoice discounting exchange, has received $2 million in seed funding led by Alibaba Entrepreneurs Fund and MindWorks Ventures. Several other VCs participated including DRL Capital and Aria Group. Alibaba Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to help… Read More

May 20, 2017 @ 10:04 am By JD Alois  |  

Starta Accelerator, an early-stage investor and business incubator, announced it is holding a “crowdsale” to secure funding to help start-up tech companies expand into the US. Starta Accelerator is based in New York City and is an offshoot of Starta VC based in Moscow. The… Read More

May 19, 2017 @ 2:33 pm By JD Alois  |  

The Securities and Exchange Commission has filed fraud charges agains Robert W. Murray, a mechanical engineer from Virginia. Murray allegedly cooked up a bogus regulator filing in an attempt to manipulate the share price of Fitbit. In a parallel action, the U.S. Attorney’s Office for the… Read More

May 19, 2017 @ 12:21 pm By JD Alois  |  

futureshare, an alternative finance platform, launched this week offering a service for Canadian homeowners to unlock equity in their homes. Unlike traditional Home Equity Lines of Credit (HELOCs), futureshare will provide immediate cash in return for a percentage of a home’s appreciation in value. futureshare’s online… Read More

May 19, 2017 @ 11:59 am By JD Alois  |  

Citi (NYSE: C) has announced award recipients for their Tech for Integrity Challenge (T4I) Demo day which took place in Dublin yesterday. According to Citi, Fintech developers from eight different countries participated to present working prototypes of their Fintech applications. The award recipients from the… Read More

May 19, 2017 @ 11:23 am By JD Alois  |  

NextGen Crowdfunding is out with some data on the status of Title III Regulation Crowdfunding or Reg CF. NextGen has a tracking application that follows all past and active Reg CF offers. According to their numbers, over $37 million has been raised since the securities… Read More

May 19, 2017 @ 10:29 am By JD Alois  |  

Earlier this month, Crowdfund Insider wrote about the Financial CHOICE Act and the portions that address raising capital online. It is a pretty big piece of legislation at 589 pages and a multitude of subsections. Subtitle P or the “Fix Crowdfunding” appeared to fall short of… Read More

May 19, 2017 @ 8:42 am By JD Alois  |  

500 Startups has filed a Form D 506(c) for a pooled investment fund targeting Fintech. The 500 Fintech LP is seeking $25 million according to a filing with the Securities and Exchange Commission. 500 Startups and its co-founder Dave McClure is one of the most… Read More

May 19, 2017 @ 8:09 am By JD Alois  |  

Peer to peer lender Assetz Capital has surpassed £250 million in lending for UK businesses. The platform has accomplished this milestone in the four years since its launch in 2013. The company reports that approximately 20,000 registered lenders have earned over £21 million in interest… Read More

May 19, 2017 @ 2:52 am By JD Alois  |  

Paytm is launching a bank. The news was published in advance of the announcement that SoftBank had invested $1.6 billion into Paytm’s parent company One97 Communications Limited. The SoftBank investment may have been incentivized due to the fact the Reserve Bank of India had approved the… Read More

May 19, 2017 @ 2:12 am By JD Alois  |  

The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. Based in Switzerland, the FSB was established in 2009, in part, a response to the global financial crisis that shocked the world. Ostensibly the FSB is… Read More

May 18, 2017 @ 6:22 pm By JD Alois  |  

  Indiegogo was originally envisioned as a vehicle to sell securities in small companies to the masses. That was back in 2008 and, as we all know, the regulatory environment had not yet caught up to the realities of a world with internet access. Thus… Read More

May 18, 2017 @ 4:16 pm By JD Alois  |  

LendingClub (NYSE:LC) has upped its minimum deposit to a minimum initial amount of $1,000 for all new retail investors making their first investment through Lending Club. LendingClub said this part of the process of improving the investor experience. While still a small amount, increasing the… Read More

May 18, 2017 @ 3:52 pm By JD Alois  |  

Online lender PaySense has raised $5.3 million in a Series A funding round led by Jungle Ventures. PaySense, based in India, allows consumer unsecured loans. Founded in 2015 and based in Mumbai, Paysense seeks to solve the fundamental problem of not having simple, convenient and… Read More

May 18, 2017 @ 3:32 pm By JD Alois  |  

WorldRemit, a digital money transfer platform, says business is booming. In an update, WorldRemit said it is now facilitating more than 600,000 transactions a month, from over 50 countries to 140+ destinations. Payments and transfers is fast growing sector of Fintech. WorlRemit targets an immigrant… Read More

May 18, 2017 @ 1:52 pm By JD Alois  |  

Brazil used to be the darling of emerging markets. For years the country could do no wrong. Blessed with amazing natural resources, including a good supply of oil, and a growing middle class, Brazil appeared to be trailblazing a path to prosperity and growth. Today,… Read More

May 18, 2017 @ 11:03 am By JD Alois  |  

  Women You Should Fund is a female founder crowdfunding platform with the goal of supporting women entrepreneurs. The rewards-based platform has been founded by Jen Jones and Cynthia Hornig – both seriel entrepreneurs.Women You Should Fund expects to deliver a valuable advantage in the… Read More

May 18, 2017 @ 11:00 am By JD Alois  |  

Juvo, a mobile Identity Scoring platform, has appointed Ron Suber, president of Prosper Marketplace, as strategic advisor to the company. Suber is a high profile investor in Fintech companies and is also investor in Juvo. The company said Suber’s prolific presence in Fintech and industry… Read More

May 18, 2017 @ 10:46 am By JD Alois  |  

As part of a broader initiative to encourage Fintech innovation, the Financial Services Development Council of Hong Kong has published a report on Distributed Ledger Technology (DLT) or Blockchain. Recently, we shared a report on Fintech in which the FSDC chastised officials for not moving… Read More