General News

June 8, 2017 @ 6:54 am By Erin Hobey  |  

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. The KBank Beacon fund aims to undertake up to five deals per year, with investments ranging from $500,000 to $3 million, according… Read More

June 8, 2017 @ 6:41 am By Erin Hobey  |  

Seriously overfunding: Vita Mojo has steadily secured more than £2,759,869  for 12.2% equity on its Crowdcube campaign. Vita Mojo, a quickly-growing UK restaurant chain and software company that is backed by the €6B global caterer Elior, is on a mission “to make food personal.” With industry leaders already on… Read More

June 8, 2017 @ 6:13 am By Erin Hobey  |  

Circadia, a consumer health technology company, launched of The Circadia System designed to adjust individuals’ internal body clocks using light based on feedback from their sleep. This NASA-inspired technology includes two devices: a contactless sleep tracker with an intelligent alarm and an adaptive light therapy lamp,… Read More

June 8, 2017 @ 5:41 am By Erin Hobey  |  

Founded in late 2016, UK alternative lender Growth Street has announced that over 1000 investors have signed up to lend to profitable UK small businesses through its platform. Independent P2P rating service 4thWay has ranked Growth Street as one of the lowest-risk platforms in the UK… Read More

June 6, 2017 @ 12:01 am By JD Alois  |  

Crowd Invest Summit has confirmed that Marcus Lemonis, star of the highly popular CNBC reality series “The Profit” will participate in a Fireside Keynote Chat at the forthcoming crowdfunding conference in Los Angeles this fall. Lemonis is a self made billionaire and is currently the… Read More

June 5, 2017 @ 11:43 am By JD Alois  |  

Plexal, soon to be Europe’s largest innovation hub, is scheduled to open on June 12th.  Plexal will be home to an astounding 800 startups and corporate organizations as it becomes another building block in UK’s innovation based economy. Plexal will be based at Here East… Read More

June 5, 2017 @ 1:01 am By JD Alois  |  

  FinTech Australia has announced the election of its new Board of Directors. The new Board is said to align with constitutional changes regarding gender diversity and representation from a broad number of states. On June 1, 2017, the Fintech industry association’s members voted in… Read More

June 4, 2017 @ 1:51 pm By JD Alois  |  

There were several interesting presentations at the most recent SEC Advisory Committee on Small and Emerging Companies (ACSEC) meeting last month.  One of the reports came from the North American Securities Administrators Association (NASAA) – the group that represents and lobbies on behalf of state… Read More

June 4, 2017 @ 10:48 am By JD Alois  |  

The Center for Financial Services Innovation (CFSI) has announced the addition of Adrienne Harris, Ben Mangan, and Judith Samuelson to its board of directors.  CFSI was launched in 2004 to support innovation in the financial sector and to improve the plight of the millions of… Read More

June 2, 2017 @ 11:46 am By JD Alois  |  

Prominent journalist, TV Host, and multiple Emmy Award winner Carlos Amezcua has signed up to emcee the forthcoming Crowd Invest Summit in Los Angeles this September. Crowd Invest Summit, founded by several well-known entrepreneurs in the crowdfunding / Fintech sector, launched their inaugural conference last… Read More

June 2, 2017 @ 8:14 am By JD Alois  |  

Draper Esprit (AIM: GROW, ESM: GRW) has raised £100 million via new and existing investors. The listed VC said a further £60m in new capital has been raised via their EIS, VCT and secondary co-investment funds which invest alongside their PLC. The additional capital, totaling £160… Read More

June 1, 2017 @ 9:54 am By Erin Hobey  |  

Trov has launched its on­-demand insurance platform in the UK, in partnership with AXA Insurance. Users are provided with a personalized quote and can quickly turn insurance on (or off) for an item without the need for any interaction with a traditional insurance agent. Items protected through… Read More

June 1, 2017 @ 8:13 am By Erin Hobey  |  

Frankfurt-based company aescuvest, an equity crowdfunding platform specializing in the innovative healthcare market and targeting new areas for growth outside Germany has penned a  deal with new Chinese partner Shenzhen-based Touwho Network & Fund, a medtech and biotech crowdfunding platform, and the Medical Valley European Metropolitan Region Nuremberg. “Startups and entrepreneurs… Read More

June 1, 2017 @ 7:42 am By Erin Hobey  |  

Flywire, an international payment solutions provider (formerly peerTransfer),  announced that its acquisition of London-based PACE Invoice, a multi-currency invoicing platform provider and an alumni of Startupbootcamp FinTech London. With the acquisition, Flywire adds international invoicing to its cross-border payments and receivables services, enabling its business,… Read More

June 1, 2017 @ 7:13 am By Erin Hobey  |  

LendInvest Capital, a UK-based specialist real estate lender and fund manager, has announced that its flagship private debt fund, the Montello Real Estate Opportunity Fund, is now managing over £100 million ($128m) on behalf of private and institutional clients. “In such a consistently low-yield interest… Read More

May 31, 2017 @ 10:53 am By JD Alois  |  

Elevate Credit, Inc. (NYSE: ELVT), a provider of online credit solutions for non-prime consumers, has announced their Elastic product has surpassed $200 million in total principal outstanding, with more than 120,000 open accounts. Elevate has originated $4 billion in non-prime credit to more than 1.6 million… Read More

May 31, 2017 @ 8:03 am By JD Alois  |  

The team at Crowdfunding.de is out with their 2017 Barometer report for the crowdfunding market in Germany. Started two years ago, the Barometer interviews approximately 1000 people in Germany to gauge their exposure and understanding of the crowdfunding market. For this year’s Barometer, the report… Read More

May 30, 2017 @ 11:07 am By Jonathan Nieh  |  

On Friday of last week, London-based fintech firm Alfa Financial Software’s shares began being publically traded on the London Stock Exchange. Shares opened at 325 pence, giving the company an initial valuation of about 975 million pounds or US $1.2 billion, making it the UK’s… Read More

May 30, 2017 @ 8:15 am By Erin Hobey  |  

You scream, I scream, we all scream for ice cream… and gelato. It’s that wonderful time of year when the weather warms and the gelaterias and ice cream shops reopen. Enter Ice Wave.  Crowdcube Spain investors quickly responded to Ice Wave‘s equity crowdfunding campaign, helping… Read More

May 30, 2017 @ 7:39 am By JD Alois  |  

Banco BNI Europa, a Lisbon based digital only banking group, has announced a strategic agreement with Raize, Portugals largest peer to peer lender. Banco BNI Europa will invest €10 million to boost SME lending via Raize over the next two years. The announcement by the… Read More