General News

March 25, 2017 @ 11:36 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced earlier this week it has officially amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility’s maturity date to March 2019 and also increase the facility’s borrowing capacity by approximately $52 million to a total of approximately… Read More

March 24, 2017 @ 4:24 pm By Samantha Hurst  |  

Digital money transfer service, WorldRemit, announced on Friday it has partnered with East and Central Africa bank, KCB, to create a new instant option to send remittance to Kenya. According to the company, the partnership aims to support the growing demand for instant, digital remittances among… Read More

March 24, 2017 @ 4:15 pm By JD Alois  |  

The Milken Institute Center for Financial Markets, a non-partisan think tank with a mission to increase global prosperity, has published a document on modernizing financial regulation in the US.  Most regulations overseeing the financial services sector were written for an analog world. There is a… Read More

March 24, 2017 @ 3:42 pm By Samantha Hurst  |  

Online consumer lending platforms and services, Marlette Funding, announced on Friday it completed its second proprietary “MFT” securitization. The lender reported that approximately $333 million of Best Egg collateral was financed through the transaction. According to Marlette Funding, the transaction was significantly oversubscribed and successfully… Read More

March 24, 2017 @ 9:08 am By Samantha Hurst  |  

Fig Publishing Inc. announced on Thursday it has been approved by the Securities and Exchange Commission (SEC) to offer Fig Game Shares for Wasteland 3,  which is currently being developed by inXile Entertainment, the creators of Wasteland 2 and Torment Tides of Numenera. The game recently… Read More

March 24, 2017 @ 6:18 am By Erin Hobey  |  

Online investment platform SyndicateRoom announced that Jonathan Milner won the Non-Executive Director (NED) of the Year award in the unquoted/private equity backed category. Milner, co-Founder and currently Deputy Chairman of Abcam plc,  has provided considerable investment and support to over 40 companies and has assisted… Read More

March 24, 2017 @ 5:33 am By Erin Hobey  |  

“I was attracted to the MNP Auctioneers business because it will bring new opportunities to South East Asia as evidenced by the success of Christie’s and Sotheby’s for this industry,” Dato Wei Chuan Beng commented. “I think ECF provides value to MNP as it opens the… Read More

March 24, 2017 @ 5:22 am By Erin Hobey  |  

Last chance to complete your Polsky Center for Entrepreneurship and Innovation at the University of Chicago and the Cambridge Centre for  Alternative Finance at the University of Cambridge Judge Business School  2017 Americas Alternative Finance Industry Survey.  The survey highlights the size, growth and key market trends of the online… Read More

March 23, 2017 @ 3:22 pm By Samantha Hurst  |  

Jirnexu, a Malaysia-based fintech startup, announced this week it has secured $1.5 million during its Series A funding round, which was led by existing investor DMP with participation from Gobi Partners and OSK Ventures International Board. The company stated that it enables banks, insurance companies,… Read More

March 23, 2017 @ 1:11 pm By Samantha Hurst  |  

UK-based equity crowdfunding platform Crowdcube announced on Thursday its 2017 first quarter results. The infographic released shows key stats from the funding portal, which includes its top sectors to raise finance for, the gender split, most popular business locations, and Funded Club milestones. The release of… Read More

March 23, 2017 @ 11:55 am By Samantha Hurst  |  

On Thursday, Kickstarter announced that it has hit a brand new milestone. A total of 10,000 game projects have successfully been funded since the funding portal’s launch in 2009. The crowdfunding giant revealed in a blog post: “The day after Kickstarter launched in 2009, Eric… Read More

March 23, 2017 @ 11:50 am By JD Alois  |  

OFF3R is out with an updated report on the UK equity crowdfunding market and, according to their numbers, this sector of finance has bounced back from a January slump.  As we last reported, OFF3R said that peer to peer lending remained strong in January but… Read More

March 23, 2017 @ 11:21 am By Samantha Hurst  |  

Florida-based FundThis announced on Thursday the launch of its new “crowdfunding platform of the future.” The website stated it is seeking to provide campaigns with the tools, support, and funds needed for success. As part of helping campaigners achieve their funding goals, FundThis is offering… Read More

March 23, 2017 @ 9:20 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Thursday its largest cohort to date. It is now running nine of their programs simultaneously with 175 startups being dispersed across the following innovation platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of… Read More

March 22, 2017 @ 9:40 pm By JD Alois  |  

The House Financial Services Committee, Subcommittee on Capital Markets, met for the first time in 2017.  A new Chairman, Congressman Bill Huizenga, managed the proceedings for the first topic of the year regarding the “Impact of the JOBS Act After Five Years”. The Hearing involved the… Read More

March 22, 2017 @ 4:22 pm By Samantha Hurst  |  

Last Friday, the Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Fintech. According to the bank, the Steering Committee on Fintech will be led by Deputy Governor Nguyen Kim Anh and Deputy Director of SBV Payment… Read More

March 22, 2017 @ 1:36 pm By Samantha Hurst  |  

Deutsche Bank announced on Tuesday the opening of its Fintech innovation lab in New York City. This is the bank’s fourth global lab and it is located in Lower Manhattan’s Fulton Center. The lab will explore new technologies focused in various industries, including artificial intelligence,… Read More

March 22, 2017 @ 11:40 am By Samantha Hurst  |  

Fintech startup and new app Dosh announced on Wednesday it raised $2 million during a seeds funding round. The company reports that the new funds bring its total investment to more than $6 million. Dosh stated its new app can find cash for consumers when… Read More

March 22, 2017 @ 10:27 am By Samantha Hurst  |  

Specialist provider of P2P and marketplace lending products and services, Goji, announced on Wednesday it is launching a diversified peer-to-peer lending bond. The company reports that this bond will open access for financial advisers and wealth managers to the fast-growing and attractive P2P and direct lending… Read More

March 22, 2017 @ 8:57 am By Samantha Hurst  |  

Innovate Finance, the membership association for UK’s global fintech sector, announced on Wednesday the finalists for Pitch360, the organization’s first fintech startup competition, which takes place on day two of Innovate Finance’s prestigious global summit at Guildhall London on April 11th. Applications for the pitch session… Read More