April 11, 2016 @ 10:20 am By JD Alois  |  

Despite a recent slowdown in the marketplace lending sector, a report authored by Wharton FinTech and Richards Kibbe & Orbe states that institutional investors remain optimistic. This optimism has been matched by increasing investment. The report based on a survey of 300 institutional investors states… Read More

April 11, 2016 @ 9:04 am By JD Alois  |  

Equity crowdfunding platform Growthdeck is highlighting the importance of the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme, two tax benefits to encourage individuals to invest in small companies.  In a company statement, Growthdeck said that the success of the UK’s crowdfunding industry has… Read More

April 11, 2016 @ 8:30 am By JD Alois  |  

The Cambridge Centre for Alternative Finance, along with their project partners the Polsky Center for Entrepreneurship and Innovation at the University of Chicago, KPMG and the CME Group Foundation, have published their much anticipated report on alternative forms of finance for the Americas.  The newest… Read More

April 11, 2016 @ 7:00 am By JD Alois  |  

The worlds largest chain of transmission and car care, AAMCO, has signed an agreement to utilize Loan Hero’s platform. AAMCO is in the early stages of rolling out the new consumer finance technology platform. Loan Hero will allow customers to submit one credit application to… Read More

April 10, 2016 @ 8:02 pm By JD Alois  |  

Equity crowdfunding platform Wefunder took their message and mission of helping entrepreneurs raise needed funding on the road this past March. The Wefunder team crossed the lower 48 states by taking the train stopping along the way.  The journey took them far beyond the venture… Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 10, 2016 @ 6:51 am By JD Alois  |  

  As lending and other banking services migrate to online services rather than brick and mortar locations, startups and established financial service companies alike are seeking help in making the transition to internet finance.  Cloud Lending is one of the companies aiding in this transition… Read More

April 9, 2016 @ 4:30 pm By JD Alois  |  

Transparency counts. The fact is that with crowdfunding campaigns, be they investment based or rewards based, a high degree of transparency is expected and frankly necessary for the system to work.  Questioning a campaign creator is a vital variable to having a robust funding ecosystem…. Read More

April 9, 2016 @ 11:35 am By JD Alois  |  

Title III crowdfunding will join the other two variants of investment crowdfunding, Title II and Title IV (Reg A+) this coming May to create a more vibrant capital ladder for companies seeking to raise capital using the internet. While no exemption is perfect, both accredited… Read More

April 8, 2016 @ 6:30 pm By JD Alois  |  

Reportedly the crowdfunding legislation for the state of California took another positive step forward this week. The Small Business California’s Crowdfunding bill (AB 2178) passed the Assembly Banking Committee on a vote of a 11 to 1. Next step is for the Assembly Judiciary Committee… Read More

April 8, 2016 @ 1:47 pm By JD Alois  |  

The House Financial Services Committee, chaired by Representative Hensarling, has scheduled a hearing for Thursday, April 14, at 10AM, for a Capital Markets and Government Sponsored Enterprises Subcommittee gathering to examine four different legislative proposals designed to improve and promote capital formation.  The Committee has… Read More

April 8, 2016 @ 9:17 am By JD Alois  |  

Digital asset manager Scalable Capital has raised €7 million in a Series A funding round. The additional capital was provided mainly by existing investors; Holtzbrinck Ventures, Monk’s Hill Ventures, Tim Marbach, MPGI, Raier Mauch and the German Startups Group. Tengelmann Ventures joined the funding round as… Read More

April 8, 2016 @ 8:37 am By JD Alois  |  

In a surprise turn of events, President Obama’s choices to fill two vacancies at the Securities and Exchange Commission have been delayed by Senators Warren and Schumer.  Hester Peirce, a Republican, and Lisa Fairfax, a Democrat, were both expected to pass through the Senate Banking… Read More

April 8, 2016 @ 7:57 am By JD Alois  |  

At the end of March, Crowdfund Insider reported the creation of the Islamic Crowdfunding Alliance. In the ensuing days in advance of the scheduled press conference the founders have repositioned their group as the Islamic Fintech Alliance (IFT Alliance). The creators of the new Alliance… Read More

April 7, 2016 @ 10:42 pm By JD Alois  |  

Sweetch Health, an Israeli medtech startup that has developed a “digital vaccine” for diabetes, has received series A funding in the amount of $3.5 million. The funding round was led by global conglomerate Philips and leading equity crowdfunding platform OurCrowd.  The funding also saw participation… Read More

April 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot, an online automated investment tool helping investors manage their portfolio of assets from Lending Club, Funding Circle and Prosper, has launched a new mobile application. The Seattle based company states there have been over $6 billion in loans and yet not a dedicated mobile… Read More

April 7, 2016 @ 7:30 am By JD Alois  |  

Last year JPMorgan Chase CEO Jamie Dimon rattled Wall Street by stating the obvious. FinTech firms popping up across Silicon Valley and around the world were looking to challenge traditional banks and siphon their business away. This year the message from the fabled CEO has changed…. Read More

April 6, 2016 @ 11:44 pm By JD Alois  |  

As had been rumored for quite some time, marketplace lending leaders Lending Club (NYSE:LC), Prosper and Funding Circle, have announced the creation of an industry association to represent their interests and advocate on behalf of sector growth.  Formed as a not for profit membership organization,… Read More

April 6, 2016 @ 7:43 pm By JD Alois  |  

Last week Crowdfund Insider reported that the Financial Crimes Enforcement Network (FinCEN), an arm of the Department of Treasury, had published a proposed rule change that will impact the nascent investment crowdfunding industry. The proposed change will require funding portals to adhere to the Bank Secrecy… Read More

April 6, 2016 @ 2:09 pm By JD Alois  |  

According to a complaint filed by the SEC, from 2010 to at least December of 2012, defendants Joseph Andrew Paul, John D. Ellis, Jr. James S. Quay and Donald H. Ellison operated a fraudulent scam that fleeced unsuspecting investors of millions.  Ellis and Paul created Paul-Ellis… Read More