March 20, 2017 @ 10:57 pm By JD Alois  |  

France is continuing to press the charm campaign to woo UK Fintech firms to cross the channel and set up shop in a proper EU country. As Brexit negotiations are being queued up to set European divorce proceedings in action, Othman Nasrou, the Vice President of International… Read More

March 20, 2017 @ 6:55 pm By JD Alois  |  

The Grilled Cheese Truck (GCT), a food concept business that is raising investment funding on the Indiegogo / Microventures platform, is riding the mobile food wave with a complete menu of grilled cheese-focused gourmet dining. The company has announced an expansion strategy to boost the brand… Read More

March 20, 2017 @ 4:17 pm By JD Alois  |  

Fitch Ratings has taken the following rating actions on Citi Held for Asset Issuance 2016-PM1 (CHAI 2016-PM1), which is backed by marketplace loans originated via the Prosper platform: Class A upgraded to ‘Asf’ from ‘A-sf’; Outlook Stable; Class B upgraded to ‘BBBsf’ from ‘BBB-sf’; Outlook… Read More

March 20, 2017 @ 2:30 pm By JD Alois  |  

In Europe, the cultural and creative sectors (CCS) are not very familiar with crowdfunding. In order to better understand and evaluate the potential of crowdfunding for creatives and cultural organizations, the European Commission has launched Crowdfunding4Culture. The initiative seeks to pinpoint what actions public authorities should take… Read More

March 20, 2017 @ 8:29 am By JD Alois  |  

LendInvest, an alternative property lender, has partnered with Merseyside Pension Fund to finance a loan secured against a development site in Canary Wharf. The £12 million deal was originated by LendInvest and syndicated with Merseyside Pension fund. The syndication was a first for the online… Read More

March 20, 2017 @ 7:49 am By JD Alois  |  

Earlier today we reported that the Australian Senate had approved crowdfunding legislation (Crowd-sourced funding) that will allow firms to raise up to A$5 million (about $3.9M USD) online. Fintech Australia, the industry’s advocacy group embraced the approval as the bill will most likely soon become… Read More

March 20, 2017 @ 12:32 am By JD Alois  |  

Fintech Australia lauded the Australian Parliament’s vote to support the Corporations Amendment (Crowd-Sourced Funding) Bill of 2016. The advocacy group said the approval of the equity crowdfunding law will provide a major avenue for companies to raise capital and create new jobs. Fintech Australia CEO… Read More

March 20, 2017 @ 12:08 am By JD Alois  |  

As expected, the Australian Senate has voted on the “Corporations Amendment (Crowd-Sourced Funding) Bill of 2016″. The legislation will legalize equity crowdfunding. The bill was approved with a single amendment altering the cooling off period from 48 hours to 5 days. Australia has attempted to… Read More

March 19, 2017 @ 8:05 pm By JD Alois  |  

  Today, exactly 5 years ago, thousands of US Citizens asked the Senate to push forward and pass the JOBS Act of 2012 into law.  The letter, embedded below was signed by a diverse group of stakeholders, including: 534 investors 18 incubators 2,726 Entrepreneurs and… Read More

March 19, 2017 @ 10:31 am By JD Alois  |  

Utah, like a majority of the other states, is attempting to enact an instrastate crowdfunding exemption. The bill has been meandering between the House and the Senate since the beginning of the year. Co-sponsored by Representative Brian M. Greene and Senator Wayne A. Harper, the bill… Read More

March 19, 2017 @ 9:42 am By JD Alois  |  

Investment crowdfunding is very different from rewards-based crowdfunding. Participating in a project on Kickstarter or Indiegogo is more akin to a donation where you may (or may not) receive some sort of perk for your financial support. In investment crowdfunding, you are giving your money… Read More

March 17, 2017 @ 11:35 am By JD Alois  |  

The Bank of England Fintech Accelerator has launched a new community designed to bring Fintech companies and organizations together to engage with the bank.  The community will better allow the Bank to share ideas and insights while the Bank supports the development of the Fintech sector…. Read More

March 17, 2017 @ 11:16 am By JD Alois  |  

Qumram, a global Regtech firm providing digital compliance and risk management solutions to the financial industry, has been awarded its third top award, in the past three months – this time at the Swiss FinTech Awards 2017 ceremony in Zurich. The selection process involved 70 applicants… Read More

March 17, 2017 @ 10:26 am By JD Alois  |  

Earlier this week, Intel bought Mobileye for $15.3 billion deal. The acquisition was said to combine the best-in-class tech from both companies, including Intel’s computing and connectivity expertise and Mobileye’s leading computer vision expertise to create automated driving solutions from the cloud through the network to… Read More

March 17, 2017 @ 8:23 am By JD Alois  |  

Finding and allocating money public projects including urban improvements is hard. Constituents never want to see their taxes increase and inevitably some people support certain projects. Others, not so much. Randy Hillier, MPP for Lanark-Frontenac & Addington in Ontario, believes he has the solution. Hillier… Read More

March 16, 2017 @ 11:17 pm By JD Alois  |  

Speaking at the LSE Global Fintech Investor Forum, City Minister Simon Kirby drew a line in the sand and defended UK dominance in Fintech innovation. As Brexit repercussions and encroaching challengers in Asia seek to capture the Fintech crown, Kirby declared “British Fintech is going to… Read More

March 16, 2017 @ 11:03 pm By JD Alois  |  

Singapore-based Fintech startup Invictus has partnered with IBM (NYSE:IBM) to leverage their cloud and blockchain tech to power their order, logistic and payment platform (OLP). Invictus will also be working with the IBM “Bluemix Garage” in Singapore to design a distributed ledger (DLT) platform prototype on the… Read More

March 16, 2017 @ 10:50 pm By JD Alois  |  

XY Findables initiated a Reg A+ offer on StartEngine last year. The company was seeking a raise of $10 million to finance their company in the highly competitive wearable findable device space. XY Findables struggled to raise money online and decided that, after 12 months,… Read More

March 16, 2017 @ 10:23 pm By JD Alois  |  

Ethis Ventures, a Singapore-based Islamic crowdfunding platform, has joined the United Nations Global Compact as a signatory. The UN Global Compact is the world’s largest corporate sustainability initiative that assists companies in aligning strategic operations with universal principles on human rights, labor, environment, and anti-corruption…. Read More

March 16, 2017 @ 12:44 pm By JD Alois  |  

As expected, the Office of the Comptroller of the Currency has published a draft licensing manual regarding the creation of a Fintech Charter. The draft is a supplement to the agency’s existing Licensing Manual and explains how Fintech firms may apply for special purpose bank charters…. Read More