June 21, 2016 @ 12:00 pm By JD Alois  |  

“This is at the heart of reinventing the business model for financial services. It means challenging the existing models for investment management, marketing, pricing, sales and even customer support, to better align interests between the business and its customers. We want to ensure that we… Read More

June 20, 2016 @ 11:34 pm By JD Alois  |  

Earlier today (June 20, 2016) the North Carolina Senate passed legislation (SB 481) that would allow small North Carolina companies to raise up to $2 million from non-accredited and accredited investors.  The bill now marches over to the House Committee on Finance.  The bill is… Read More

June 20, 2016 @ 10:32 pm By JD Alois  |  

UK based Fintech startup Invoice Cycle has secured a solid $4 million seed round.  The funding, first reported in Tech.eu, said participating investors, along with SeedL joined in the round. Müller Medien is an interesting investor as its roots are more traditional businesses. Founded in… Read More

June 20, 2016 @ 4:52 pm By JD Alois  |  

Kuber Financial, LLC, has announced the acquisition of Mobilend, Inc., a mobile SaaS lending platform. According to Kuber, the company will integrate the Mobilend loan origination system into its existing technology to provide an integrated and robust experience for millions of tech-enabled consumers. Mobilend is described as a… Read More

June 20, 2016 @ 1:44 pm By JD Alois  |  

John Mack, a bit of a legend in the banking world who garnered the nick-named Mack the Nice (in contrast to some other less savory nicknames for other iBankers), visited the studios of CNBC this morning to discuss a broad range of topics.  Mack is… Read More

June 20, 2016 @ 12:37 pm By JD Alois  |  

  If there is one area of crowdfunding where we consistently hear about unfilled, robust demand, it is Asian money looking to invest in high-quality real estate beyond the borders of their native country. While some real estate markets may be getting a bit hot,… Read More

June 20, 2016 @ 9:04 am By JD Alois  |  

The  European Investment Bank (EIB) and Funding Circle, a UK-based P2P lender, has jointly announced a £100 million loan program designed to support UK small business. The loans will be originated through the Funding Circle platform.  Funding Circle will also participate with a £25 million… Read More

June 20, 2016 @ 8:18 am By JD Alois  |  

“We encourage the European Commission’s endeavour to support Crowdfunding as a mean to access to finance for SMEs, especially regarding innovative businesses in the field of renewable energy.” Sustainable energy crowdfunding platform Citizenergy, along with multiple other stakeholders in the crowdfunding industry have come together… Read More

June 19, 2016 @ 11:55 pm By JD Alois  |  

In a recent article in WSJ.com, an analyst report is referenced stating Lending Club (NYSE: LC) is buying more of its own loans.  While it was labeled as a “mixed indicator” it is also a vote of confidence in the assets as Lending Club shifts… Read More

June 19, 2016 @ 7:22 pm By JD Alois  |  

Earlier this month, Crowdfund Insider Contributor Robin Sosnow wrote about “Simple Agreements for Future Equity” (SAFEs) and how they were quickly becoming the investment vehicle of choice for Reg CF crowdfunding portals. In brief, SAFEs are similar to convertible debt except founders are not faced… Read More

June 19, 2016 @ 6:28 pm By JD Alois  |  

Fundrise filed three more 1-A’s with the SEC indicating its intent to expand its service of providing access to real estate investment to a wider audience under Reg A+.  Currently Fundrise is offering two different “eREITs” to investors. The first, the Income eREIT, focusses on… Read More

June 18, 2016 @ 3:42 pm By JD Alois  |  

The Singapore Fintech Consortium and the Fintech Center of Korea, have signed a memorandum of understanding (MOU) to work more closely in support of emerging technology in the financial sector. The Singapore group posted a brief statement on the arrangement; We are pleased to sign… Read More

June 18, 2016 @ 3:02 pm By JD Alois  |  

This past week LendInvest appointed  Stephen Wilcke as a Senior Advisor.  Wilcke has a long track in finance including being  CEO of HM Treasury’s Asset Protection Agency.  He was also head of OneSavings Bank where he positioned the firm for an IPO back in 2014.  Now… Read More

June 18, 2016 @ 2:31 pm By JD Alois  |  

Last night the Securities and Exchange Commission (SEC) announced they had approved Investor’s Securities Exchange or IEX as a national securities exchange. IEX must satisfy certain standard conditions specified in the Commission’s order before it is able to begin the process of transitioning its operation… Read More

June 18, 2016 @ 11:33 am By JD Alois  |  

Temp staff provider ShiftPixy is hoping to soon trade on the NASDAQ Capital Market under the ticker symbol PIXY but first, they are raising capital under Regulation A+.  ShiftPixy has enlisted WR Hambrecht as sole underwriter on a “best effort” basis to raise up to… Read More

June 17, 2016 @ 5:00 pm By JD Alois  |  

The Bank of England is getting into the Fintech space.  In a speech by Mark Carney, Governor of the Bank of England, Carney embraced the disruptive transformation that is impacting all forms of finance.  He pointed to Fintech advocates who believe; “…the wave of innovation… Read More

June 17, 2016 @ 9:55 am By JD Alois  |  

Mark Carney, the Governor of the Bank of England, delivered a speech today at the Lord Mayor’s Banquet for Bankers and Merchants of the City of London, entitled “Enabling the FinTech transformation: Revolution, Restoration, or Reformation?” Noting that “transparency is the hallmark of modern central… Read More

June 17, 2016 @ 8:21 am By JD Alois  |  

LendInvest, the leading online lender of commercial mortgages in the UK, has appointed Stephen Wilcke as a Senior Advisor.  Wilcke is the former Executive Chairman of OneSavings Bank – a FTSE 250 specialty lender.  According to LendInvest, Wilcke led OneSavings Bank on an extensive turnaround,… Read More

June 16, 2016 @ 9:12 pm By JD Alois  |  

HR 4855, or the Fix Crowdfunding Act, was approved by the House Financial Services Committee on a solidly bipartisan vote of 57-2.  The bill, sponsored by Congressman Patrick McHenry, was created in response to multiple shortcomings intrinsic to existing Title III or Reg CF investment… Read More

June 16, 2016 @ 12:04 pm By JD Alois  |  

WR Hambrecht + Co is a bit of a Silicon Valley legend. Industry icon and firm namesake, Bill Hambrecht, was one of the first bankers to recognize the potential of Silicon Valley tech companies. He went on to help take public a litany of well-known companies… Read More