May 11, 2016 @ 9:20 am By JD Alois  |  

Antonio Banderas has signed up to star in the equity crowdfunded film Salty. In 2014, the project launched an investment campaign on SyndicateRoom. The offer allowed smaller investors to participate in the film project for as little as £1000. The offer later closed having raised… Read More

May 11, 2016 @ 8:46 am By JD Alois  |  

International investment crowdfunding platform FundedByMe has received approval from the Swedish Companies Registry Office to publicly list shares as a limited public company. In a statement today, FundedByMe explained by having over 544 shareholders the company was already complying as if it was a publicly… Read More

May 10, 2016 @ 11:00 am By JD Alois  |  

  As expected, the US Treasury Department has published a white paper addressing the emerging marketplace lending sector of finance. Entiteled “Opportunities and Challenges in Online Marketplace Lending”, the document follows a “Request for Information” from 2015 where approximatley 100 different platforms and industry observers… Read More

May 10, 2016 @ 9:39 am By JD Alois  |  

Sara Hanks is one of the most recognizable and vocal leaders in the investment crowdfunding sector. A securities attorney by training, Hanks has spent many years in and around Capitol Hill working on important policy issues.  Hanks is also a longstanding board member of the… Read More

May 10, 2016 @ 8:14 am By JD Alois  |  

The shock waves are still being felt around the global marketplace lending industry following the removal of Lending Club CEO and co-founder Renaud Laplanche. Lending Club has been the marquee sponsor of industry gathering Lendit in past years. The most recent gathering in San Francisco… Read More

May 9, 2016 @ 1:50 pm By JD Alois  |  

The Financial Conduct Authority (FCA) is accepting applications now for its newly minted regulatory Sandbox.  Applicants have until July 8th to sign up for a chance to be part of a regulatory “safe space” to experiment and challenge existing financial norms. Christopher Woolard, FCA Directory… Read More

May 9, 2016 @ 1:17 pm By JD Alois  |  

Last week Crowdfund Insider published an article on NextSeed, an investment crowdfunding platform that has been operating in Texas under the state exemption.  NextSeed is the first Reg CF/Title III funding portal to be approved by regulators and is thus ready to launch on May… Read More

May 9, 2016 @ 10:56 am By JD Alois  |  

  Hyperloop Transportation Technologies (HTT), a project being managed by the Jumpstartfund, has taken another step forward with the announcement of the base technology for the levitation system. According to a report from HTT, the “passive magnetic levitation,” originally developed at the Lawrence Livermore National… Read More

May 9, 2016 @ 7:56 am By JD Alois  |  

Assetz Capital has launched a “30-day access account” or 30DAA to their list of options for investors. According to the online lender, the 30-day account follows on the heels of success of their Quick Access Account (QAA).  Assetz Capital has pushed forward with providing more… Read More

May 9, 2016 @ 7:50 am By JD Alois  |  

Following the shocking revelation that Lending Club CEO had resigned in the wake of non-conforming sale of loans to a single investor, Lending Club has announced Q1 financial results. Lending Club said it had experienced solid growth in originations, operating revenue, and adjusted EBITDA during… Read More

May 9, 2016 @ 7:21 am By JD Alois  |  

Lending Club (NYSE:LC) founder and CEO Renaud Laplanche has submitted his resignation to the board of directors following an internal review of a sale of loans to a single investor. According to the company, $22 million in loans were sold to a single investor against “express… Read More

May 8, 2016 @ 7:17 pm By JD Alois  |  

The Securities and Exchange Commission has stepped up its public campaign against investment fraud in recent months. Either via social media or paid commercials, the SEC is clearly concerned as finance inevitably moves online.  This should come as no surprise to anyone that follows the… Read More

May 8, 2016 @ 7:01 pm By JD Alois  |  

Growing sports brand SKINS has placed its equity crowdfunding campaign on pause as multiple, large investors have indicated their interest in gaining a “substantial shareholding” in the brand.  The Swiss company launched a £2 million crowdfunding round earlier this year using both Seedrs in the… Read More

May 8, 2016 @ 6:39 pm By JD Alois  |  

Australian peer to peer lending platform SocietyOne has completed another funding round that was revealed last month. This time SocietyOne raised $25 million in equity capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining and Power Credit Union. The transaction was reported… Read More

May 8, 2016 @ 6:22 pm By JD Alois  |  

PayPal has announced it will no longer provide Purchase Protection for rewards-based crowdfunding campaigns. Beginning June 25th, if you used PayPal to support a crowdfunding campaign on Indiegogo (Kickstarter does not use PayPal) and you have backers regret – you are out of luck. Until… Read More

May 7, 2016 @ 2:27 pm By JD Alois  |  

Square, the point of sale payment system that many small business now use, reported Q1 earnings results this past week. Square co-founder and CEO Jack Dorsey delivered disappointing numbers as the first quarter loss jumped to $98 million up from the year prior number of… Read More

May 7, 2016 @ 1:57 pm By JD Alois  |  

Coolest Cooler announced on Thursday they had restarted the production line for Kickstarter supporters who signed up during their crowdfunding campaign. Coolest is the 2nd largest Kickstarter project ever after Pebble Watch, having raised more than $13 million almost two years ago. While some of… Read More

May 7, 2016 @ 11:37 am By JD Alois  |  

Beverly Hills-based Thunderbolt Studios is getting into investment crowdfunding. More specifically, Thunderbolt is in the process of launching a Title III funding portal having submitted their application to FINRA. The intent is to connect   individual investors to vetted, early stage startups and move venture… Read More

May 6, 2016 @ 6:47 pm By JD Alois  |  

Radisson Mining Resources, a Quebec-based mineral exploration company, has closed the first tranche of a crowdfunding round on mining centric Red Cloud Klondike Strike. The gross proceeds were said to be just over $400,000. The net proceeds of the offering will be used for exploration and… Read More

May 6, 2016 @ 5:05 pm By JD Alois  |  

VPC Specialty Lending Investments PLC reported that during the first quarter of 2016, the Company’s returns have been “somewhat muted” despite credit performance of the portfolio as a whole continuing to meet VPC’s expectations. VPC stated the lower returns were due to various factors that… Read More