July 7, 2016 @ 3:35 pm By JD Alois  |  

The collateral damage of the Brexit decision will be reverberating for weeks to come but some countries are sensing an opportunity in light of the UK decision to abandon the EU.  France is now rolling out the red carpet hoping to lure UK based financial… Read More

July 7, 2016 @ 11:49 am By JD Alois  |  

UK based Crowdsurfer, a “data and intelligence service for crowd finance” has raised additional funding now bringing their total outside investment to £1.2 million.  The amount of the new funding, led by Mustard Seed Venture Fund, was not disclosed. Additional angels and earlier investors were… Read More

July 7, 2016 @ 10:58 am By JD Alois  |  

The UK Chancellor of the Exchequer, George Osborne, has joined with UK financial industry leaders in a statement regarding the status of London as a global financial center following the EU Referendum results. London, depending on how you rank certain characteristics, is considered to be… Read More

July 7, 2016 @ 10:28 am By JD Alois  |  

Crowdcube Spain has received approval by the Comision Nacional del Mercado de Valores (CNMV), the regulatory body of the Spanish Stock Market. Management believes the approval has strengthened Crowdcube’s position in Europe following the Brexit decision for the UK to depart the EU. Crowdcube Spain… Read More

July 7, 2016 @ 9:00 am By JD Alois  |  

Virtuix, creators of the Omni platform that pairs active virtual reality to games and more, has formed a joint venture with Hero Entertainment, creators of the largest first-person shooter (FPS) game in China.  This is a significant deal for Virtuix as it opens up the… Read More

July 7, 2016 @ 8:27 am By JD Alois  |  

Bank’s are not known for taking on risk – they are known for avoiding it as much as possible. This is not the case with Sberbank, the largest bank in Russia, and their venture fund as they see opportunity in the digital future. Sberbank’s SBT… Read More

July 6, 2016 @ 5:34 pm By JD Alois  |  

The State of Washington has adopted rules requiring companies raising capital under Reg CF to submit notice filings, along with a fee, if the company’s principle place of business is the state of Washington.  The rule also requires a notice filing if over 50% of… Read More

July 6, 2016 @ 11:01 am By JD Alois  |  

Mangrove Capital Partner and former COO of Skype, Michael Jackson, is of the opinion the Brexit is “far from being an economic disaster”. In a release on Finextra, Jackson states that great entrepreneurs feed off of disruption. In this case, the disruption is being driven… Read More

July 6, 2016 @ 10:31 am By JD Alois  |  

Fintech startup NeoGrowth has raised its largest funding round to date. This is according to a report by the company. Based in Mumbai, NeoGrowth will provide access to credit for small and medium-sized retailers across India. NeoGrowth has now raised $35 million (or INR 225… Read More

July 6, 2016 @ 9:27 am By JD Alois  |  

Yesterday the Financial Policy Committee (FCP) of the Bank of England relaxed bank capital requirements in a proactive move designed to stave off a looming, Brexit driven slowdown. Bank of England Governor Mark Carney stated; “The UK has entered a period of uncertainty and significant… Read More

July 6, 2016 @ 8:14 am By JD Alois  |  

LendInvest has appointed Mike Nuttall to be the company’s first VP of Engineering. Nuttall was most recently at Moo but previously led tech teams at FanDuel, Doctors.Net.Uk and MedicAnimal. The new hir was described as part of LendInvest’s effort to scale up the technology side of the… Read More

July 5, 2016 @ 9:40 pm By JD Alois  |  

Avant, an online lender, has offered the option for buyouts to all 760 of the company’s employees. It was not clear how many Avant employees would accept the offer. The news is a painful reminder that online lending is still struggling to regain its footing… Read More

July 5, 2016 @ 9:11 pm By JD Alois  |  

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

July 5, 2016 @ 5:16 pm By JD Alois  |  

ASMX Sets Out to Tame “Wild West” of Reg A+. ASMX Capital is a “one stop shop” for Reg A+ funding. Founded by Wes Johnson and David Dobkin, the duo envisions a platform that provides a full suite of advisory services for smaller companies seeking… Read More

July 5, 2016 @ 2:21 pm By JD Alois  |  

LendIt and AMTD Group, a diversified financial service firm based in Hong Kong, have announced they are joining together to host the “first” Global Fintech Investment Summit in Hong Kong later this month. LendIt stated that over 80 Asian investors and 35+ international fintech companies… Read More

July 5, 2016 @ 12:52 pm By JD Alois  |  

In a report in Der Spiegel, Bitkom – “Germany’s Digital Association”, has revealed interim results of a survey on startups. According to the publication, less than half of survey respondents would want to launch a startup in Europe’s largest economy.  Over 30% see launching in… Read More

July 5, 2016 @ 11:26 am By JD Alois  |  

American Express (NYSE: AXP) has launched a new credit product entitled Working Capital Terms. The product is a short-term online financing solution for businesses to “ease cash flow constraints by bridging the gap between vendor payments and customer purchases.” Amex states the funding vehicle is… Read More

July 5, 2016 @ 10:58 am By JD Alois  |  

GlassUp is a company that raised money  on Indiegogo back in 2013. The flexible funding goal of $150,000 was not met but over 500 backers kicked in almost $128,000.  The product, a  set of smartglasses designed to compete with the Google product that has since gone… Read More

July 5, 2016 @ 8:39 am By JD Alois  |  

SyndicateRoom offers retail investors chance to take part in Fitbug’s £2.6m fundraise AIM-listed company Fitbug, a “digital wellness pioneer”, will be raising capital via equity crowdfunding platform SyndicateRoom. The move by Fitbug, founded in 2005, is part of a strategic turnaround effort initiated by CEO Anna… Read More

July 5, 2016 @ 7:25 am By JD Alois  |  

The city of Liverpool has signed a Memorandum of Understanding (MOU) with the Chinese city of Guiyang, a community that has been labeled the “Capital of Crowdfunding.”  Guiyang is the capital of Guizhou Province in Southwest China. The agreement follows a visit to Liverpool by a… Read More