General News

April 6, 2017 @ 3:54 am By Erin Hobey  |  

WhatsApp seems to be laying down the groundwork for a P2P operation in India. The Facebook-owned global messaging service is currently advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, seen as the precursor to a possible P2P payments service launch in India, according to multiple… Read More

April 5, 2017 @ 6:45 pm By JD Alois  |  

CommunityLeader has ceased operations. The “private labeled software and service solution for the solicitation, sale, and support to private securities” has posted a notice on their website stating: CommunityLeader has ceased operations. There are no future plans for the use of the site at this… Read More

April 5, 2017 @ 1:28 pm By Samantha Hurst  |  

Street Contxt, a fintech company that helps brokerages, independent research providers, and asset managers distribute, manage, unbundle and value research, announced on Wednesday it received an investment by a strategic funding consortium led by existing investor Joe Lonsdale of 8VC, and including an investment by… Read More

April 5, 2017 @ 11:42 am By Samantha Hurst  |  

Business commerce platform Tradeshift announced on Wednesday it has partnered with Chinese peer-to-peer lender CreditEase to launch a trade financing app, which is aiming to bring low-cost financing to millions of businesses in China. According to Tradeshift, the goal of this partnership is to help solve… Read More

April 5, 2017 @ 8:09 am By JD Alois  |  

There is growing global appreciation of women in Fintech, and FinTech Australia is recognizing this phenomenon with a new award for female Fintech leaders. FinTech Australia has announced the Female FinTech Leader of the Year award as part of its inaugural Finnies awards being held… Read More

April 5, 2017 @ 7:00 am By Erin Hobey  |  

Kabbage, a leading financial services, technology and data platform, announced it has extended more than $3 billion to small businesses across all 50 U.S. states, covering every industry. The company has also now served over 100,000 small businesses through its platform, representing the largest customer base of… Read More

April 4, 2017 @ 5:40 pm By Erin Hobey  |  

“We have gained a foothold within the industry by partnering with 42 brands to date. Moving forward we will continue to innovate…” Having spent more than 20 years as a corporate executive in companies backed by prosperous VC firms including Kleiner Perkins, Mohr Davidow and Sequoia Capital, ApplePie Capital CEO… Read More

April 4, 2017 @ 4:15 pm By Samantha Hurst  |  

On Tuesday, digital financial services company Ally announced the launch of its new online auto finance marketplace, Clearlane. This new platform notably connects consumers with leading auto finance providers to finance or refinance their vehicles. According to Ally, the Clearlane network includes numerous national, regional and local providers,… Read More

April 4, 2017 @ 3:29 pm By Samantha Hurst  |  

On Tuesday, Kickstarter announced the launch of Guest Pledging. This new feature will be offered to those who choose not to create an account with the funding portal and will contribute to projects as a Guest. While sharing details about Guest Pledging, Kickstarter stated: “One… Read More

April 4, 2017 @ 12:13 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday it is teaming up with Columbia Business School to host the inaugural conference of Frontiers of Digital Finance on May 31st at Lerner Hall of Columbia University’s campus in New York City.  According to Biz2Credit and Columbia Business School, the conference will… Read More

April 4, 2017 @ 9:15 am By JD Alois  |  

Founder Joy Schoffler Expected to Remain Involved with the Firm. Leverage PR, a prominent marketing firm engaged in the crowdfunding and Fintech sector, has been sold to Caliber Corporate Advisors.  Founded by Joy Schoffler, a well-known and highly visible participant in the emerging industry of… Read More

April 4, 2017 @ 9:03 am By Samantha Hurst  |  

Friction Free Shaving, a UK-based razor subscription for women service, announced on Tuesday it has secured £1.25 million venture capital investment with Athene Capital LLP to drive growth in partnership with one of British publishing group, Northern & Shell. The investment comes less than one year after… Read More

April 4, 2017 @ 8:43 am By Erin Hobey  |  

With an investor community of over 376,300 members and more than £233,663,983 invested, the UK-based equity crowdfunding platform Crowdcube co-founded by CEO Darren Westlake and CMO Luke Lang celebrated over 500 successful raises today, 512 to be exact. With Floom closing in quickly on £390,000 and Sugru and Bedrock Learning… Read More

April 4, 2017 @ 7:00 am By Erin Hobey  |  

Fundbox, a leading cash flow optimization platform for small businesses, and Zoho, a cloud-based business operating system, today announced a partnership in which Zoho will offer Fundbox to its user base in the U.S. Under the partnership, Zoho will provide access to Fundbox’s technology to streamline and automate the business… Read More

April 4, 2017 @ 4:01 am By Erin Hobey  |  

CapitalRise, a UK property investment platform, has closed its latest fundraising deal in just under a week, raising £1.2m from everyday investors via the platform, including over £900k by close of business on the day of the public launch.  The majority of the investments were… Read More

April 3, 2017 @ 10:29 pm By JD Alois  |  

    Israel Secondary Fund (ISF) has completed the closing of ISF II, a $100 million secondary fund. According to the ISF, investors in ISF II include Israeli and global institutional investors, family offices, and high net worth investors. Institutional investors in the fund include… Read More

April 3, 2017 @ 3:44 pm By Samantha Hurst  |  

Proplend recently announced HM Revenue & Customs (HMRC) approved its application for ISA manager status for IFISA. The online lender previously revealed its plans to apply for this status after it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the ISA… Read More

April 3, 2017 @ 2:28 pm By Samantha Hurst  |  

XTI Aircraft Company announced on Monday it received a written Notice of Allowance from the U.S. Patent and Trademark Office, issuing a utility patent for the TriFan 600 vertical takeoff airplane. This news comes almost a month after XTI announced an agreement with Bye Aerospace, Inc. to… Read More

April 3, 2017 @ 1:17 pm By Samantha Hurst  |  

Fintech firm AutoGravity announced on Monday that its data revealed that more than 250,000 shoppers and 1,400 dealers have downloaded its iOS and Android apps for car shopping and financing. While sharing details about the company’s recent data results, Serge Vartanov, co-founder and chief marketing officer… Read More

April 3, 2017 @ 12:09 pm By Samantha Hurst  |  

Matchi, a global fintech matchmaking firm, announced it has teamed up with ATB Financial and KPMG in Canada to launch a customer onboarding innovation challenge dedicated to fintech companies. The companies reported that this challenge aims to reimagine customer onboarding and management through collaboration with… Read More