General News

May 2, 2017 @ 3:50 pm By Samantha Hurst  |  

Less than one week after announcing more than 12.7 million backers have raised $3 billion to go towards independent creators on its crowdfunding platform, Kickstarter shared that 10,000 art projects have been funded through its funding portal. While sharing details about the latest milestone, the Kickstarter… Read More

May 2, 2017 @ 3:34 pm By Samantha Hurst  |  

Asian robo-advisory platform-as-a-service provider, WeInvest, announced on Tuesday it has teamed up with global fintech platform InvestCloud to enable its robo-advisory solution, which supports multi-asset based, multi-currency, goal-based, and thematic investing. Speaking about the partnership, Bhaskar Prabhakara, CEO at WeInvest, stated: “The WeInvest PaaS solution gives… Read More

May 2, 2017 @ 3:32 pm By JD Alois  |  

SeedLegals is a Legaltech platform for startup funding rounds. The UK-based platform lets startups and investors complete all the legal documents for their funding round. Typically these can take months. SeedLegals can complete in in a matter of days. Only recently launched, SeedLegals has received… Read More

May 2, 2017 @ 2:30 pm By Samantha Hurst  |  

Barclays announced on Tuesday the opening of its Rise London location in Shoreditch. Barclays stated that the Rise program brings fintech startups from all around the globe together to work on the company’s customer and business opportunities. They also work together to help create the future of… Read More

May 2, 2017 @ 12:05 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday it named New York City the 2017 Best Small Business City in America. According to the company, this vote was based on a weighted average that includes annual revenue, credit score, age of business (in months), and a BizAnalyzer score that factors in cash… Read More

May 2, 2017 @ 9:59 am By Samantha Hurst  |  

On Tuesday, Crowdfunder UK announced it was teaming up with Sir Richard Branson and Virgin Media Business for this year’s Voom Pitch, the UK and Ireland’s biggest pitching competition. The trio revealed that for the first time since the competition’s launch in 2011, it will take… Read More

May 2, 2017 @ 6:53 am By Erin Hobey  |  

Growth Street’s marketplace rate dropped on Monday from 6.5% AER to 6.4% AER, rewarding borrowers with a 10bps drop in their costs of funds. The UK P2P lender attributes the drop to the momentum it has built on its platform, welcoming over 700 investors to date since the… Read More

May 2, 2017 @ 6:32 am By Erin Hobey  |  

Propertista, a Spanish real estate agency online that connects buyers and sellers directly, is overfunding on Crowdcube Spain. ¡Sigue ganando tracción! Since launching 9 months ago, the platform reportedly saved its customers more than 300,000€ in agency commissions and touts a real estate portfolio worth more than 8M€. 60%… Read More

May 2, 2017 @ 3:57 am By Erin Hobey  |  

Miss Piggy, Grover, Kermit and their Muppet pals will come to life again thanks to over 1,811 Kickstarter backers supporting the Museum of the Moving Image Jim Henson Exhibition.  With nine days remaining on its campaign, more than $127,915 has been raised toward an exhibition that explores the famous Muppet creator. Rainbow connections officially… Read More

May 1, 2017 @ 5:39 pm By Samantha Hurst  |  

Aussie fintech startup Airwallex announced on Monday it has secured $13 million USD through its latest Series A funding round. Participants of the round included Sequoia Capital China, Mastercard, and Tencent Holdings. Founded in 2015, Airwallex is described as a foreign exchange market that makes… Read More

May 1, 2017 @ 4:12 pm By Samantha Hurst  |  

Crowdfunding platform for music, PledgeMusic, recently announced it received a nomination for the 2017 A2IM Libera Awards in the Independent Champion Category. According to the event’s organizers, the A2IM Libera Awards celebrates the successes of the independent music community. The funding portal shared: “As a… Read More

May 1, 2017 @ 2:02 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL.L) released 2016 annual results last week and according to Chairman Andrew Adcock, results continue to disappoint. Shares in the fund that invests in various online lending assets continue to trade at a significant discount to the net asset value per share. As… Read More

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

Marketplace lending platform Lendio announced on Monday its annual list of Top 10 Best States For Small Business Lending. The list is based on the lending data from the lender’s platform, which matches small businesses with over 75 lenders. Speaking about the list, Brock Blake,… Read More

May 1, 2017 @ 12:24 pm By JD Alois  |  

After years of rapid growth and promising predictions from the Fintech sector, consumer online lending stumbled in 2016. The one-two punch of fast money running for the doors and a jittery economy pulled the rug out from under the entire sector. Some industry followers responded… Read More

May 1, 2017 @ 7:49 am By Samantha Hurst  |  

FinTech Australia, the advocacy group promoting all things fintech related in Australia, celebrated its one year anniversary by sharing its “Year of Review.” The organization stated when it was launched in February 2016, it has more than 50 founding members, less than two months of… Read More

April 29, 2017 @ 10:05 am By JD Alois  |  

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

April 28, 2017 @ 4:04 pm By Samantha Hurst  |  

On Friday, Kickstarter announced as part of its mission to bring creative projects to life, it has launched the pilot of its new Kickstarter Creators-in-Residence program. The crowdfunding giant stated that during the pilot, it will open its Brooklyn headquarters doors to various campaign alumni… Read More

April 28, 2017 @ 10:19 am By Samantha Hurst  |  

LendingUSA announced on Friday it has appointed former consumer enforcement unit attorney, Jenann Shemisa, to its executive team as both General Counsel and Chief Compliance Officer. Shemisa will assume her new role immediately, reporting directly to Camilo Concha, CEO and Founder. According to LendingUSA, Shemisa previously served… Read More

April 27, 2017 @ 10:25 pm By JD Alois  |  

KPMG has published their most recent Pulse of Fintech covering the global Fintech industry during Q1 of 2017. According to their numbers, global investment in Fintech topped $3.2 billion accross 260 deals the first three months of the year. KPMG says that Fintech investment got… Read More

April 27, 2017 @ 4:49 pm By Samantha Hurst  |  

Online lender OnDeck Canada announced on Thursday it has formed a partnership with cloud-based point-of-sales platform for independent retailers and restaurants, Lightspeed. According to the duo, this new partnership will allow Lightspeed users to secure loans through OnDeck’s lending platform and the new offering will… Read More