General News

March 13, 2017 @ 11:54 am By Samantha Hurst  |  

Over the weekend, Indiegogo revealed the importance of diversity and inclusion on its crowdfunding platform. The company announced that over 700,000 from 223 countries and territories have used its funding portal since its launch in 2008. “We started Indiegogo because when all ideas from all kinds… Read More

March 13, 2017 @ 10:59 am By Samantha Hurst  |  

Fintech startup and practice management platform for tax professionals, Canopy, announced on Monday it raised $20 million during a Series B funding round led by Pelion Venture Partners, with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital. Canopy has grown by… Read More

March 12, 2017 @ 6:58 pm By JD Alois  |  

The Sinclair ZX Spectrum Vega Plus Console crowdfunding campaign on Indiegogo may win the award for most melodramatic campaign ever. From the delays to lawsuits and the inevitable demands for refunds – it’s all here. Launched in 2016, Retro Computers and Sir Clive Sinclair –… Read More

March 10, 2017 @ 3:07 pm By Samantha Hurst  |  

On Thursday, Citigroup announced it appointed Yolande Piazza as the permanent head of its fintech unit, Citi Fintech. According to PYMNTS, Piazza assumed the role as interim head in August when previous chief executive of Citi Fintech, Heather Cox, left the company.  Stephen Bird, chief… Read More

March 10, 2017 @ 12:17 pm By JD Alois  |  

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

March 10, 2017 @ 10:59 am By Samantha Hurst  |  

P2P lender RateSetter announced on Friday it has updated its performance statistics. According to the lending platform, a new set of fields on the Performance by year means investors may now view the amount lent by year, which is broken down by lending type. The… Read More

March 10, 2017 @ 7:55 am By JD Alois  |  

PwC’s Accelerator has published the first edition of their SME Equity Financing Atlas.  According to their data, equity investments in SMEs have been growing steadily over the last years. The main drivers are the accumulation of capital in investor’s hand, new technologies and low-interest rates…. Read More

March 9, 2017 @ 4:23 pm By Samantha Hurst  |  

Currencycloud, an international payments engine, announced on Thursday it raised £20 million during its Series D funding round, which was led by GV (formerly known as formerly Google Ventures) with additional investors Notion Capital, Sapphire Ventures, Rakuten FinTech Fund, and Anthemis. The company’s total investment amount is… Read More

March 9, 2017 @ 2:42 pm By Samantha Hurst  |  

NextGen Crowdfunding announced on Thursday the third round winners of the Crowdfunding Video Awards (CVAs). As previously reported, the CVAs provides campaign organizers new ways to promote crowdfunding campaigns and products to backers as well as potential investors. Season one of the CVAs kicked off on January… Read More

March 9, 2017 @ 2:03 pm By Samantha Hurst  |  

Yirendai (NYSE: YRD) announced the launch of its new open technology platform, Yirendai Enabling Platform (YEP), during the 2017 LendIt USA Conference, which was held earlier this week in New York City. According to Yirendai, the new platform enables part companies to utilize its data… Read More

March 9, 2017 @ 12:07 pm By JD Alois  |  

Money20/20, one of the world’s largest Fintech events, is gearing up for the inaugural Money20/20 Asia.  At a recent press event, Philip Thomas, CEO, Ascential Events, outlined why Singapore had been selected as a host city for the first ever Money20/20 event. Thomas said that… Read More

March 9, 2017 @ 11:52 am By Samantha Hurst  |  

Food robotics company Chowbotics (formerly known as Casabots) announced on Thursday it has secured $5 million during its Series A funding round. Participants of the funding round were Techstars Ventures, Foundry Group, Galvanize Ventures and the Geekdom Fund. Chowbotics, which was founded by Deepak Sekar, Ph.D.,… Read More

March 9, 2017 @ 10:47 am By Samantha Hurst  |  

Global fintech firm InvestCloud announced on Thursday it is expanding into Europe by launching a new division and opening its London Soho headquarters. According to InvestCloud, the forming of its icMAC (Modeling, Accounting & Custody) division follows the firm’s $20 million acquisition of London-based Babel Systems,… Read More

March 9, 2017 @ 10:37 am By Samantha Hurst  |  

On Thursday, the Crowdfunding Centre announced it has opened its all-female BizFunding Accelerator. The launch of the program comes after Facebook’s #SheMeansBusiness campaign revealed the main barriers to women starting a business are around raising money and financial security. According to program co-founder/director, Kay Klug, the key… Read More

March 9, 2017 @ 9:10 am By Samantha Hurst  |  

Marketplace lender, LendingHome, announced on Thursday it has launched its next-generation one-stop online mortgage that is designed specifically for the needs of first-time homebuyers. The online lender claims that its online mortgage is the first to prioritize the customer experience by putting control over the process… Read More

March 9, 2017 @ 8:41 am By Samantha Hurst  |  

Crowd for Angels announced on Wednesday it launched its first “crowd bonds,”  which are described as specially created secured, high-interest products that are eligible for its new Innovative Finance ISA (IFISA). Introduced by the government in April last year, the IFISA allows investors to earn… Read More

March 9, 2017 @ 8:36 am By Samantha Hurst  |  

LendIt, the global lending and fintech conference series, held its first annual awards on Tuesday in New York City. As previously reported, The organization stated out of hundreds of applicants worldwide; the selected finalists were placed in 18 categories, which notably celebrate fintech market leaders, emerging… Read More

March 9, 2017 @ 4:41 am By Erin Hobey  |  

Yesterday, on International Women’s Day, MobiKwik co-founder Upasana Taku wrote to Indian Prime Minister Narendra Modi, urging him to consider the passage of Women’s Reservation Bill, which is aimed to reserve 33% of seats in Lok Sabha and all state legislative assemblies for women. Taku indicted that Mobikwik… Read More

March 9, 2017 @ 4:19 am By Erin Hobey  |  

Sancus Finance has announced that it is strengthening its organisational structure with the appointment of Richard Whitehouse to its company Board, in hopes of “bringing sales back to the decision making table.” Whitehouse’s appointment follows a period of change for the business which saw its owner, GLI Finance,… Read More

March 9, 2017 @ 3:59 am By Erin Hobey  |  

Startupbootcamp FinTech, the global accelerator for fintech startups, has announced the 12 international startups that will join its accelerator program in Singapore. The cohort was selected after a final evaluation from a panel of industry experts and VCs, covering multiple aspects of the fintech sector including wealth… Read More