General News

May 7, 2017 @ 10:04 pm By JD Alois  |  

Shark Tank star Kevin O’Leary, also known as “Mr. Wonderful” to some, is a fan of Fintech. O’Leary is sharing the love by delivering the Keynote address at the upcoming Benzinga Fintech Awards scheduled to take place this coming Thursday in New York City (May… Read More

May 7, 2017 @ 12:11 pm By Jonathan Nieh  |  

On May 3, 2017, the SEC released its proposed amendments to the Investment Advisers Act (the Advisers Act) to reflect changes made under the Fixing America’s Surface Transportation Act (the FAST Act). The FAST Act, which was passed in 2015, amended sections 203(l) and 203(m) of… Read More

May 6, 2017 @ 10:24 am By JD Alois  |  

  A couple of weeks back we received a tip from a CI reader informing us that the InGen Dynamics Aido Robot offer had been unceremoniously yanked from equity crowdfunding platform, StartEngine. Not a good sign. StartEngine is perhaps best known for crowdfunding Elio Motors… Read More

May 5, 2017 @ 4:16 pm By Samantha Hurst  |  

In an effort to continue its creative development in virtual reality (VR), Kickstarter success Oculus announced it was shutting down its Story Studio. According to the company, Story Studio has created a series of VR shorts, which includes Lost, Henry, and Sea Angelica. Sharing details… Read More

May 5, 2017 @ 2:53 pm By Samantha Hurst  |  

On Friday, crowdfunding platform Crowd2Fund announced the launch of its new venture debt product, which is targeted towards early stage businesses that have a short term requirement to access cash to facilitate growth. The funding portal noted that the interest rates for the product’s loans range from… Read More

May 5, 2017 @ 1:40 pm By Samantha Hurst  |  

China’s Ping An Insurance Group announced on announced on Thursday it has appointed former Citi Global Head of Retail Banking, Jonathan Larsen, as the new Chief Innovation Officer and CEO of Ping An Global Voyager Fund, a new $1 billion fund dedicated to fintech and healthtech…. Read More

May 5, 2017 @ 12:49 pm By JD Alois  |  

The Polsky Center for Entrepreneurship and Innovation and the Cambridge Centre for Alternative Finance (CCAF), will release their anticipated Americas Alternative Finance Survey at an event hosted by CME Group on May 25.  The data is anticipated to definitively reveal the status and growth of… Read More

May 5, 2017 @ 9:54 am By Erin Hobey  |  

The multi-award winning Morpher Helmet has synced with Seedrs for its crowdfunding campaign for 11.75% equity offered has surpassed the £529,500 mark with the help of more than 285 investors toward its £600,003 target. Invented to make cycling safety easier for everyone, Morpher folds flat and fits into a small bag… Read More

May 5, 2017 @ 9:30 am By Erin Hobey  |  

Hot off the press! UK crowdfunding platform Downing Crowd quickly raised £2.5 million for the redevelopment of a historic pub in Berkshire owned by Oakman Property Ltd. Specific details are not yet available, apart from yesterday’s release. Downing Crowd is part of Downing LLP, an FCA authorized and… Read More

May 5, 2017 @ 8:47 am By Erin Hobey  |  

Kickstarter alums Jesse Reed and Hamish Smyth have tapped again into again with their third Kickstarter campaign. Their timely reissuing of design firm Chermayeff & Geismar’s 1977 US EPA Graphic Standards System has garnered over $128,900 from more than 1,498 backers with 21 days remaining on the campaign.  The former… Read More

May 5, 2017 @ 8:18 am By Erin Hobey  |  

Irish P2P lending platform Flender, which secured £501,700 from more than 230 investors during its Seedrs equity crowdfunding round this past January (reportedly the first Irish Fintech platform to successfully complete an equity crowdfunding round), is authorized and regulated by the Financial Conduct Authority under Registration Number… Read More

May 5, 2017 @ 7:48 am By JD Alois  |  

Prosper Marketplace, one of the largest online lending platforms in the US, has apparently been overstating annual investment returns on loans due to an error in their systems. Bloomberg reported yesterday that investors were being notified of the error and that the issue has been… Read More

May 4, 2017 @ 3:11 pm By Samantha Hurst  |  

SeedInvest, a leading equity crowdfunding platform, announced on Thursday it was hosting its first digital demo day this upcoming Monday from 10 a.m. to 7 p.m. PST. According to SeedInvest, those who attend the event will have the opportunity to hear directly from 16 founders… Read More

May 4, 2017 @ 2:59 pm By Samantha Hurst  |  

On Wednesday, Barclays, alongside its partner TechStars, announced it signed eight fintech startups following their 13-week Rise London accelerator run. This was revealed during the program’s demo day, which was held at the new Rise London office. The eight fintech startups are Nivo, Simudyne, Barac, Flux, and Alyne. Each of the… Read More

May 4, 2017 @ 2:38 pm By JD Alois  |  

  LendIt Europe 2017 has nailed down the dates for its forthcoming event this fall in London. There was a formal kick-off that took place last night at the Dion in St. Paul’s in London where 75 of the UK’s “Fintech elite” gathered for a… Read More

May 4, 2017 @ 11:29 am By Samantha Hurst  |  

On Wednesday during a livestream event, NextGen Crowdfunding announced the winners of its Crowdfunding Video Awards’ (CVA) first season, which kicked off on January 25th and had six rounds. While sharing details about the reward show, NextGen Crowdfunding revealed: “The CVAs were created by NextGen… Read More

May 4, 2017 @ 11:12 am By Samantha Hurst  |  

Just a little over a year after securing $1.2 million through its most recent Indiegogo crowdfunding campaign, up and coming cycling company Sondors announced the launch of its new Sondors Fold and Fold “X” bike. According to the company, the new bike was pitched to… Read More

May 4, 2017 @ 9:51 am By JD Alois  |  

The Fourth Annual Crowdfunding USA conference is taking place today in Washington, DC. All sessions are being Live-streamed and you may view it below. Topics include: The state of US crowdfunding Reg A+ Title III / Reg CF Secondary market liquidity Real estate crowdfunding Dodd-Frank… Read More

May 4, 2017 @ 9:51 am By Samantha Hurst  |  

Invertex, a provider of scan-to-fit guided shopping for footwear and an OurCrowd First funding company, announced on Thursday the launch of its new FeedID Ecosystem, which is described as a cognitive solution for in-store and online shopping. According to Invertex, FeedID includes the new Launch-Pad,  an… Read More

May 4, 2017 @ 9:41 am By JD Alois  |  

Adena Friedman, CEO of NASDAQ, has published an Op-Ed on WSJ.com. Her topic of discussion is the challenging IPO market in the US. This is a frequent issue of debate as the decline of IPOs has been going on for years. Both elected and appointed… Read More