General News

May 10, 2017 @ 9:49 am By Samantha Hurst  |  

Oracle announced on Wednesday it has opened applications for the Oracle Startup Cloud Accelerator Program. The company revealed it is seeking early-stage technology startups to join the program in Bengaluru, Delhi/NCR, and Mumbai. The program is set to start in September 2017. According to Oracle,… Read More

May 9, 2017 @ 3:57 pm By Samantha Hurst  |  

On Tuesday, The DICK’s Sporting Goods Foundation and CALIA by Carrie Underwood announced they have teamed up to fully fund girls team sports projects on education crowdfunding platform, DonorsChoose. The organizations will pledge $200,000 to go towards an estimated 100 teams across the country throughout the… Read More

May 9, 2017 @ 2:17 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest small business lending index which revealed loan approval rates at big banks ($10 billion-plus in assets) rebounded in April 2017 after a setback month. The company reported that small business loan approval rates at big banks increased by two-tenths of… Read More

May 9, 2017 @ 1:47 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged a former employee with securities fraud in connection with trading of options and other securities. The SEC alleges that David R. Humphrey, who worked at the SEC from 1998 to 2014, concealed his personal trading from the… Read More

May 9, 2017 @ 1:13 pm By Erin Hobey  |  

The EIS Association (EISA) has produced a guide to the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). “Grow your business with the Enterprise Investment Scheme” is designed as an introduction to EIS and SEIS for businesses that are considering seeking external funding…. Read More

May 9, 2017 @ 12:54 pm By Erin Hobey  |  

The National Crowdfunding Association of Canada has announced the launch of its third Alternative Finance Crowdfunding Survey in Canada for platforms, investors and companies as part of its annual exercise in providing Canadian benchmarks on market size, volume, market activity, platform characteristics, jobs, and key… Read More

May 9, 2017 @ 12:23 pm By Erin Hobey  |  

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More

May 9, 2017 @ 11:41 am By Samantha Hurst  |  

Honeyfund, a crowdfunding platform dedicated to honeymoons, announced on Tuesday it formed a partnership with prepaid commerce solutions provider CashStar to create a travel and experience egift card for newlyweds. While sharing details about the new card feature, Honeyfund CEO and Co-founder Sara Margulis, stated: “The Honeyfund… Read More

May 9, 2017 @ 11:00 am By Erin Hobey  |  

“Imagine if each person suffering from a mental illness or witnessing someone close to them struggling with mental health could do something about it. If dollar by dollar, we could come together as a community and spark a mental health revolution by supporting the science… Read More

May 9, 2017 @ 9:23 am By Samantha Hurst  |  

Deloitte announced on Tuesday it is teaming up with Personetics to host AI and Chatbot boot camps for financial services in Warsaw and Paris. Both events will be taking place in next week, with the Warsaw event on May 16th and the Paris event on May… Read More

May 9, 2017 @ 8:07 am By Erin Hobey  |  

One billion dollars. MobiKwik is set to raise funds from investors including BlackRock Inc. which will value the innovative Indian Fintech company at about $1 billion, according to Bloomberg. Headquartered in Gurgaon, MobiKwik offers a mobile phone based payment system. Customers add money to an online wallet that… Read More

May 9, 2017 @ 7:47 am By Erin Hobey  |  

Singapore-based Senjō Group, a leading privately-held payments platform operator and active Fintech investor, has successfully secured a Payment Institution (PI) license in Lithuania, according to news services. The company received permission from the Bank of Lithuania to acquire Lithuanian payment institution Finolita Unio, thereby gaining access to… Read More

May 9, 2017 @ 7:27 am By Erin Hobey  |  

Growth Street, an alternative business finance platform, has launched its free “How to Improve Cash Flow” tool. Designed for SME owners, the tool aims to understand the ‘pain points’ for UK SMEs when cash flow becomes an issue while providing insight about how to tackle these cash flow challenges. “We want… Read More

May 8, 2017 @ 3:56 pm By Samantha Hurst  |  

Online loan marketplace, LendingTree (NASDAQ: TREE), announced on Friday the top customer-rated lenders by loan product for 2017’s first quarter. According to the platform, the list features top lenders in multiple loan product categories, which includes mortgages, personal loans, business loans, and auto loans. Speaking… Read More

May 8, 2017 @ 10:19 am By Samantha Hurst  |  

Reporting and analytics fintech platform dv01 announced on Monday it has formed a reporting partnership with peer-to-peer lending platform SoFi. According to dv01, this new partnership will allow institutional investors, who use dv01 to conduct analysis on consumer loans and bonds, access to all SoFi securitizations,… Read More

May 8, 2017 @ 9:24 am By Erin Hobey  |  

Monkey Beer’s glass is more than half full, its nearly 80% full. Founded in Toledo in 2014,  artisanal brewer Monkey Beer was recognized by WBCHALLENGER in 2016 as one of the best breweries in the world.  The craft beer brand has sold more than 200,000 pints in 2016 and… Read More

May 8, 2017 @ 8:21 am By Erin Hobey  |  

Last week Financial Innovation Now (FIN), an alliance of companies which includes Fintech behemoths innovator Amazon, Apple, Google, Intuit and PayPal, spoke out against language used in the Financial CHOICE Act that would repeal debit swipe fee reform. In a letter penned by FIN Executive Director Brian… Read More

May 8, 2017 @ 7:50 am By Samantha Hurst  |  

Innovate Finance announced on Monday it has appointed Natalie Ceeney as Non-Executive Chair, taking over from Alastair Lukies. According to the organization, Ceeney has extensive senior leadership experience across a range of sectors, including her time as the CEO of the UK’s Financial Ombudsman.  She previously held three… Read More

May 8, 2017 @ 7:32 am By Samantha Hurst  |  

CEO and co-founder of Seedrs, Jeff Lynn, announced on Monday the UK-based equity crowdfunding platform is set to launch its second market this upcoming summer. According to Lynn, the new market will enable investors who have shares held under the Seedrs nominee to buy and… Read More

May 8, 2017 @ 12:01 am By Erin Hobey  |  

The growth prospects of SMEs are being potentially stalled due to late payments, according to new research of over 1,000 SMEs commissioned by Crossflow Payments, the Fintech platform delivering supply chain finance solutions. “Brexit is increasing the issue of late payments and reducing investment by… Read More