General News

June 14, 2017 @ 10:46 am By Samantha Hurst  |  

Digital token company Compcoin announced on Wednesday it is officially kicking off its $45 million initial coin offering (ICO). According to the company, the ICO consists of 3 million Compcoin that are selling at $15 each, with an additional bonus for early investors. Compcoin describes… Read More

June 13, 2017 @ 12:30 pm By Therese Torris  |  

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

June 13, 2017 @ 8:10 am By JD Alois  |  

The US Department of Treasury is out with its first report in a series addressing regulatory reform regarding the financial services industry.  Due to the enormity of the task, Treasury will divide its review of the financial system into a series of reports. While Fintech… Read More

June 13, 2017 @ 7:04 am By Jonathan Nieh  |  

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

June 13, 2017 @ 5:46 am By Erin Hobey  |  

70% of the total capital raised by all private European Fintech companies in 2017 1Q went to companies based in … have you written your list? — London, Berlin, Stockholm, Paris, Barcelona and Amsterdam, according to research released by Fintech Global. More than a third of the aggregate of… Read More

June 13, 2017 @ 5:26 am By Erin Hobey  |  

Mambu, the core engine powering digital first banking and lending, has been named for the third consecutive year to the FinTech50 and won the Asian Banker Technology Innovation Award for Best Cloud Application 2017. The FinTech50, the annual list of Europe’s 50 hottest FinTechs, was the first list to… Read More

June 13, 2017 @ 5:04 am By Erin Hobey  |  

India-owned telecom company Bharat Sanchar Nigam Limited (BSNL) and Indian mobile wallet platform MobiKwik have synced to develop BSNL’s mobile application, according to a release. MobiKwik will co-create BSNL wallet, a new semi-closed wallet to facilitate payment and also sell BSNL products. “We are proud to associate with BSNL in… Read More

June 13, 2017 @ 4:42 am By Erin Hobey  |  

WiseAlpha, a UK online lending platform that gives everyday investors access to high yield institutional bond and loan investments, has raised over £909K on its Crowdcube, 180% over its original target, with days remaining. Originally offering 8.92% equity, WiseAlpha has taken it up a notch, offering 12.43%.  The… Read More

June 13, 2017 @ 4:16 am By Erin Hobey  |  

Global Debt Registry (GDR), the asset certainty company specializing in loan validation, announced NYC as its new headquarters as part of its overarching strategic growth initiative to be closer to the investor community. GDR also announced the addition of structured finance veteran Michael Koenitzer as Director of… Read More

June 12, 2017 @ 3:51 pm By Samantha Hurst  |  

Kickstarter and Indiegogo alum Knix Wear recently announced the launch of its new leakproof undies line, Knixteen, which is specifically targeted towards teen girls 12 years old and older. The company previously secured $1,551,287 from more than 19,000 backers through Kickstarter and Indiegogo campaigns for its 8-in-1 Evolution… Read More

June 12, 2017 @ 12:20 pm By Samantha Hurst  |  

Elevate Credit (NYSE: ELVT), a provider of online credit solutions for non-prime consumers, announced on Monday the launch of Elevate Labs at its new San Diego-based Advanced Analytics Center. This news comes just a couple of weeks after the company revealed its Elastic product surpassed $200 million… Read More

June 12, 2017 @ 10:44 am By Samantha Hurst  |  

Earlier this month, crowdfunding platform GoFundMe, along with Yoobi, announced the winner of the “We Love Teachers” Fundraising Contest. The duo launched the initiative last month and it was described as a national initiative to support K-12 teachers, and GoFundMe will donate $1,000 to 100 campaign… Read More

June 12, 2017 @ 5:55 am By Erin Hobey  |  

LendingArch, a Calgary-based online and point-of-sale lending platform, announced its expansion to Quebec. LendingArch has partnered with medical clinics and home improvement contractors in Quebec to offer POS financing options, enabling LendingArch to become a fourth in-store payment method by applying online to finance products… Read More

June 12, 2017 @ 4:55 am By Erin Hobey  |  

“We’re living in scary times. Holocaust denial has been on the rise. Anti-Semitism and hatred is extremely worrisome. It’s on the front of a lot of minds, certainly this institution. These diaries, these first-person accounts, testimonies, this is the evidence,” commented U.S. Holocaust Memorial Museum Director… Read More

June 12, 2017 @ 4:10 am By Erin Hobey  |  

Increasingly cross national investment in fintech is becoming the norm.  As an example, today Bengaluru-based P2P lender lender LoanMeet has raised an undisclosed amount of seed funding from Chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee.com co-founder and CEO Madhusudan E, according to multiple new… Read More

June 9, 2017 @ 11:05 am By Erin Hobey  |  

Russian Politician and Billionaire Boris Titov has signed an agreement with Sasha Ivanov, CEO of Waves Platform, to create an Initial Coin Offering incubator. The new incubator has been entitled “People of Growth” and is described as a vehicle to assist entrepreneurs and growing companies… Read More

June 9, 2017 @ 10:55 am By Erin Hobey  |  

Oh, the places you will go and the beaches you will see! The Shark Tank Your Life Winner The Undress V3 aims to help backers transition from beach to town simpler, or at least, less revealing. With three successful Kickstarter campaigns and over $864K and… Read More

June 9, 2017 @ 9:50 am By Erin Hobey  |  

In Nordic countries tapping trees is a centuries old springtime ritual, with people enjoying the vitamin and mineral rich birch sap as a cleansing and rejuvenating post winter tonic. True to tradition, during this spring Tåpped has sought to tap into the crowd to help grow… Read More

June 9, 2017 @ 8:16 am By JD Alois  |  

NextGen Crowdfunding has announced a live crowdfunding pitch event where entrepreneurs will take to the stage to present their investment crowdfunding campaigns. The event is free to watch or attend in person if you happen to be in Los Angeles. Live streamed on the NextGen… Read More

June 9, 2017 @ 6:41 am By Jonathan Nieh  |  

Charlotte-based fintech firm AvidXchange, which provides accounts payable and automated payment solutions to midsize businesses, announced a strategic partnership with Mastercard along with a separate capital raise of $300 million. Both the strategic partnership with Mastercard and the capital raise of $300 million will go towards the… Read More