General News

October 1, 2017 @ 10:13 pm By JD Alois  |  

When equity crowdfunding rules went into effect in the USA there was a lot of excitement in the emerging Cannabis industry.  There are plenty of predictions as to how big this industry could grow. Recent law changes in multiple states regarding recreational and medical use… Read More

September 29, 2017 @ 2:42 pm By Samantha Hurst  |  

On Friday, online lending platform Zopa announced the latest update of its credit risk model. This news comes just a few weeks after the lender announced updated on improving loan sale time progress, rebate period, and ISA transfer-in. Chief Product Officer at Zopa, Andrew Lawson,… Read More

September 29, 2017 @ 11:37 am By Samantha Hurst  |  

Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa. According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into… Read More

September 28, 2017 @ 1:30 pm By Samantha Hurst  |  

Last week, ABN AMRO announced the launch of its new SMEs initiative, New10. According to the company, New10 allows SMEs to know within 15 minutes whether they qualify for a loan and under what terms and conditions. ABN AMRO noted New10 meets the needs of this group… Read More

September 28, 2017 @ 11:52 am By Erin Hobey  |  

In celebration of its first anniversary, Insurtech platform Lemonade launched a freshly squeezed product, Zero Deductible. Zero Deductible offers new and existing Lemonade members a ‘zero deductible’ upgrade, so that customers may make up to two claims each year with neither deductible payments nor rate hikes. Powered by AI… Read More

September 28, 2017 @ 11:23 am By Erin Hobey  |  

MoneyOnMobile, Inc. (OTCQX: MOMT) announced an agreement with ShopClues, one of India’s largest e-commerce marketplaces, to enable the in-store purchase of ShopClues products using the MoneyOnMobile platform at any of its participating 335,000 retailers. “The alliance with MoneyOnMobile is in sync with ShopClues’ vision of… Read More

September 28, 2017 @ 10:32 am By Samantha Hurst  |  

MobileCause recently announced it has formed a partnership with PayPal to provide easier, faster, and secure ways for nonprofit organizations to engage with donors on its platform. While sharing details about the partnership, Sean MacNeill, CEO of MobileCause, stated; “Our mission is to make every connection… Read More

September 28, 2017 @ 9:00 am By Erin Hobey  |  

Stockpile, a brokerage popular with millennials focusing on fractional share stock investing, has raised $30 million in Series B funding led by Fidelity backed Eight Roads Ventures, with participation by Mayfield, Arbor Ventures, Hanna Ventures, Wang Ventures and others. Stockpile will use the new funds to… Read More

September 28, 2017 @ 8:55 am By Erin Hobey  |  

Houston-based mobile grocer Grit Grocery’s  equity crowdfunding campaign went live on Wefunder just before Hurricane Harvey.  As one may expect, the campaign has been at at standstill as the city cleans up after the wrath of Harvey. Funding will be used to assemble a fleet of mobile… Read More

September 27, 2017 @ 11:59 am By Samantha Hurst  |  

On Wednesday, online lending platform Funding Circle announced its FY results for the year, ending December 31, 2016. While sharing details about the results, Samir Desai, CEO at Funding Circle, stated:  “2016 was another record breaking year for Funding Circle. We were pleased to achieve our… Read More

September 27, 2017 @ 9:58 am By Samantha Hurst  |  

On Wednesday, Lend360 announced a panel of experts will discuss what’s “Coming Down the Pipeline: Innovative Products and Contributing Factors Affecting the Future of Small Business Finance” at 4 p.m. Wednesday, October 11th during a session at the Lend360 conference in Dallas. According to Lend360, the session, which… Read More

September 27, 2017 @ 8:00 am By JD Alois  |  

Innovate Finance has announced the appointment of Danny Lopez and Iain Anderson as non-executive directors of the organisation. Lopez is the Chief Operating Officer of Blippar, a technology company specializing in augmented reality and artificial intellegence. Between 2011 and 2016 Lopez was the British Consul General to New York and was Director General of UK Trade & Investment in the United States. He played a… Read More

September 26, 2017 @ 1:08 pm By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, partnered with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE with more than AED 122 billion in assets, to seek opportunities to collaborate and consult on initiatives to promote… Read More

September 26, 2017 @ 12:38 pm By Erin Hobey  |  

Startupbootcamp has launched its new InsurTech Accelerator in Hartford, designed specifically to rapidly scale insurance-focused technology startups. The InsurTech Accelerator, which is now accepting applications, aims to attract new talent and technology to Hartford, one of the world’s leading insurance centers, and will provide entrepreneurs with the support,… Read More

September 26, 2017 @ 12:04 pm By Erin Hobey  |  

BitClave, a company aiming to disrupt the traditional ad tech market, has partnered with Carnegie Mellon University (CMU). This fall, BitClave is sponsoring a practicum project for graduate students in the College of Engineering’s Information Networking Institute (INI) at CMU Silicon Valley. “Carnegie Mellon has long… Read More

September 26, 2017 @ 11:37 am By Erin Hobey  |  

Business finance company MarketInvoice surveyed UK businesses on their awareness and adoption of fintech (financial technology) products and services*; the platform’s findings indicate that UK businesses adopting fintech are saving £4.6b every year.** “The expansion of tech-driven digital services has been remarkable over the past 5 years…. Read More

September 26, 2017 @ 8:32 am By Samantha Hurst  |  

On Monday, Lend360 announced it has teamed up with LendingTree to launch Startup Innovators Program, an on-site competition where fintech startups will present cutting-edge solutions that are propelling the online lending ecosystem forward. Winners of this new competition will receive $10,000. Lend360 revealed that startups in… Read More

September 26, 2017 @ 7:58 am By JD Alois  |  

The UK Amazon Growing Business Awards ceremony will take place on 29th November 2017 at The Brewery, London. Today, the e-commerce/tech company has announced their shortlist of companies in the mix to win.  According to Amazon, more than 500 nominations were received from across the… Read More

September 24, 2017 @ 2:05 pm By JD Alois  |  

The Global Crowdfunding Convention (GCC) will be delivering their Crowdfunding Visionary Award to former President Barack Obama. The award is in recognition of his signing into law the bipartisan JOBS Act of 2012. This is the legislation that created the three different iterations of crowdfunding;… Read More

September 22, 2017 @ 9:12 pm By Xu Gao  |  

China Takes Strict Control Over Consumer Credit, Forbidding it to Enter the Real Estate Market It is reported on September 20th that the Guangzhou branches of PBOC and CBRC have jointly issued a statement about consumer credit regulation, forbidding it to enter the real-estate market…. Read More