General News

April 3, 2017 @ 10:26 am By JD Alois  |  

The North Carolina Providing Access to Capital for Entrepreneurs and Small business Act (NC PACES Act) was signed into law in July 2016. Final rules were adopted on March 31, 2017 and were filed with the NC Codifier of Rules on the same day. Subsequently, the rules… Read More

April 2, 2017 @ 10:44 am By JD Alois  |  

  According to a recent article in TechinAsia, 52% of Japan’s personal assets, or more than $15 trillion, are held as cash. That is incredible.  But it is also incredible in the fact that holding cash, when most current accounts pay less than inflation, means… Read More

April 2, 2017 @ 10:25 am By Jonathan Nieh  |  

  On March 24, 2017, shareholders of PayPal Holdings Inc., the parent company of mobile-payment provider Venmo, filed a derivative suit against its directors in the District Court of Delaware. A derivative suit is a form of class action in which shareholders can sue company… Read More

April 2, 2017 @ 8:02 am By JD Alois  |  

  After several years of hosting their annual conference in Paris for several years, the European Crowdfunding Network (ECN) has moved locations for the event to Vilnius the capital of Lithuania. The Baltic region has been boosting its entrepreneurial credibility during the past several years… Read More

April 1, 2017 @ 10:13 am By Samantha Hurst  |  

Just a few months after announcing Zopa is creating the next generation challenger bank at AltFi Europe, CEO of the peer-to-peer lending platform, Jaidev Janaradana, revealed more details about the bank’s creation at the AltFi Europe Summit last month. While sharing details about the bank progress,… Read More

March 31, 2017 @ 2:01 pm By Samantha Hurst  |  

Global crowdfunding platform Indiegogo announced on Friday it is holding a flash sale on its product marketplace, which allows campaign organizers to directly sell their products through the website. Indiegogo reports that its marketplace supports entrepreneurs beyond crowdfunding with services, partners, and guidance throughout the entire… Read More

March 31, 2017 @ 1:45 pm By Samantha Hurst  |  

Ablrate, the online lender that specializes in asset-backed transactions, announced it has received full authorisation from the Financial Conduct Authority (FCA) and is beginning its expansion.  Sharing details about the authorization, David Bradley-Ward, CEO at Ablrate, stated: “Full authorisation is something that the team has worked… Read More

March 31, 2017 @ 12:44 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Landbay has reportedly reduced its product rates and fees. According to various sources, Landbay’s rates are now starting at 3.39% for a 2-year fix and 3.59% for a 5-year fix, with arrangement fees up to 75% on standard products, which were… Read More

March 31, 2017 @ 10:57 am By Samantha Hurst  |  

Fundraising platform MobileCause announced on Thursday it is continuing to expand its management team by appointing Kristal Bogle as its new Chief Marketing Officer. She has close to 20 years of experience in marketing. According to MobileCause, Bogle was the Executive Vice President of Marketing at… Read More

March 31, 2017 @ 9:05 am By Samantha Hurst  |  

On Thursday, equity crowdfunding platform Seedrs announced the opening of its new office located in Lisbon, the capital of Portugal. This news comes just a couple of weeks after Seedrs revealed plans to hit “aggressive growth targets” and appointed two executives, Jeff Kelsey and Ricardo Brízido, to… Read More

March 31, 2017 @ 8:24 am By Erin Hobey  |  

With the hope of bringing an affordable and compact version of industrial knitting machines to backer’s workshops and homes, Kniterate has synced with Kickstarter. The Kniterate automatically turns user’s digital designs into knitted garments and enables small-scale runs to test swatches and new stitches without tech… Read More

March 31, 2017 @ 7:44 am By Cole Lyons  |  

An additional 33 companies have registered for the UK’s Women in Finance Charter, the ground-breaking piece of legislature aimed to conquer gender inequality. This announcement arrives on the very first anniversary of the charter, which now includes 122 firms, over half a million people in… Read More

March 31, 2017 @ 7:17 am By Erin Hobey  |  

Do you remember using Travelers Checks when traveling? Filling out your name on individual checks and jotting down all those checks numbers? Checking into an international American Express office to exchange money, picking up mail or making a telephone call? Collect? Lugging around a Let’s… Read More

March 31, 2017 @ 6:43 am By Erin Hobey  |  

Crowdo has launched its securities crowdfunding platform today at the Singapore Exchange (SGX) hosted ‘Plugged In’ event during which Crowdo Co-Founder and CEO Leo Shimada gave the keynote address. The event was also the forum for the official announcement of Crowdo’s strategic partnership with the SGX. Crowdo’s… Read More

March 30, 2017 @ 3:51 pm By Samantha Hurst  |  

UK-based equity crowdfunding platform Crowdcube announced on Wednesday it has formed a new partnership with Amazon Web Services. This new collaboration will help the funding portal provide eligible companies with membership to the Activate program. The Activate program is described as the following: “Amazon Web Services provides… Read More

March 30, 2017 @ 2:00 pm By Therese Torris  |  

Ron Suber, the President of the US marketplace lender Prosper, was interviewed today by Cédric Teissier, the CEO of the French factoring platform Finexkap, at the annual conference of the  France Fintech association, titled “Fintech Revolution 2017 – Here to Stay”. Cédric Teissier asked Ron… Read More

March 30, 2017 @ 10:26 am By Samantha Hurst  |  

North American e-retailer, Newegg, announced on Wednesday it is teaming up with Indiegogo once again, this time to find the latest and greatest technology innovations. Newegg’s Gregory Rice revealed in a blog post: “At Newegg, we love tech. No surprise there, we’ve been drooling over the… Read More

March 30, 2017 @ 9:50 am By Erin Hobey  |  

In votes this and last week that were largely along party lines, US Congress moved to dismantle the landmark internet privacy protections for consumers, a strike against Obama’s telecommunications and technology regulations.. At this writing GoFundMe is hosting fourteen concurrent crowdfunding campaigns that supposedly offer donors the opportunity to buy Congress… Read More

March 30, 2017 @ 8:55 am By Samantha Hurst  |  

Online fundraising platform MobileCause announced on Thursday it has expanded its executive management team by appointing Tim Kane its new senior vice president of small- and medium-sized businesses (SMB) sales. Kane brings more than twenty years of industry experience. Before joining MobileCause, he was a key… Read More

March 30, 2017 @ 7:53 am By Erin Hobey  |  

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More