General News

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

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