General News

February 2, 2017 @ 3:04 pm By Samantha Hurst  |  

Finovate announced that the FinovateSpring’s presenter deadline is quickly approaching. The organization revealed fintech companies wanting to demo at the conference have until tomorrow, February 3rd to complete the application process. Finovate is commemorating its 10th-anniversary show with this year’s FinovateSpring event, which will take place on… Read More

February 2, 2017 @ 5:30 am By Erin Hobey  |  

CEO and founders from India-based fintech platforms Walnut, Artoo and CreditVidya weighed in to comment on yesterday’s Founders of the Union Budget 2017 given by Finance Minister Arun Jaitley, noting its potential impact in increasing access of digital services and  building a more inclusive economy: “The Budget announcements are… Read More

February 2, 2017 @ 5:03 am By Erin Hobey  |  

The Belgian Law of 18 December 2016 on crowdfunding entered into full force yesterday.   The crowdfunding law creates a specific status for equity and debt crowdfunding platforms (referred to as “alternative financing platforms”) and prescribes operating requirements for both alternative financing platforms and regulated entities… Read More

February 2, 2017 @ 4:35 am By Erin Hobey  |  

LOVE Turntable Inc. has easily raised over $121K from over 375 backers during the first day of it Kickstarter campaign to bring its smartphone-controlled turntable to market. The LA-based company initially hoped to raise just $50,000 over the course of its 35-day campaign to aid in the manufacturing… Read More

February 2, 2017 @ 4:01 am By Erin Hobey  |  

In a recent post, FoundersClub Christopher Steiner reflected on current concerns with the US’ newest president and hostile immigration policy, “The last five days have led to a great deal of introspection across industries regarding relationships with, and even dependencies on, the greatest American ally of… Read More

February 2, 2017 @ 3:39 am By Erin Hobey  |  

Attorney General Mark R. Herring announced that Virginia consumers will be receiving $15.335 million in restitution and debt relief as part of a settlement to resolve claims that CashCall, Inc. and its president and CEO J. Paul Reddam illegally deceived borrowers and collected illegal interest of up… Read More

February 1, 2017 @ 3:15 pm By Samantha Hurst  |  

Zoopla Property Group (LSE:ZPLA) announced on Tuesday it has agreed to acquire Hometrack, a provider of residential property market insights and analytics. Hometrack, which was established in 1999, notably provide residential property market insights, analytics, valuations and data services to over 400 partners including mortgage lenders, new… Read More

February 1, 2017 @ 11:57 am By JD Alois  |  

OurCrowd, a leading global equity crowdfunding platform, is ready to host their Global Investor Summit this coming February. A quick review of the year prior OurCrowd event indicates very strong growth for this coming year. OurCrowd estimated participation at over 3,000 attendees in 2016.  For… Read More

February 1, 2017 @ 11:48 am By Samantha Hurst  |  

Following the closing of its Seedrs equity crowdfunding campaign, peer-to-peer lender Flender has selected Equifax Limited to support the underwriting for UK small and medium enterprises (SME) loans. Flender, which secured £501,700 from more than 230 investors through its equity crowdfunding round, is authorized and regulated… Read More

February 1, 2017 @ 10:55 am By JD Alois  |  

Spanish Off-grid Eco-Complex Mar de Fulles Voted Best Contributor to Sustainable Energy Future Community energy portal Citizenergy announced its 2016 Project of the Year Award to Spanish crowdfunding platform ECrowd! and the Mar de Fulles eco-complex during an event in Brussels. Citizenergy lauded the two company’s outstanding… Read More

February 1, 2017 @ 10:32 am By JD Alois  |  

The Crowdfunding Center, based in the UK, has issued a statement that London has regained its crown as the crowdfunding capital of the world. The Crowdfunding Center compiles data on multiple rewards-based platforms and several investment based platforms. The complete list of sites monitored may… Read More

February 1, 2017 @ 5:01 am By Erin Hobey  |  

Crossflow Payments, a tech-driven alternative finance platform delivering supply chain finance solutions, has today announced a “significant investment” from Calibrate Management, an investor focused on early stage, high growth firms. The deal sees Calibrate take a minority equity stake in Crossflow and will provide further firepower as… Read More

January 31, 2017 @ 5:50 pm By Samantha Hurst  |  

On Tuesday, FinMkt announced it appointed former CIO of the Consumer Financial Protection Bureau (CFPB), Tim Duncan, as a new member of its advisory board. According to FinMkt, Duncan brings years of technology, finance, and law experience to the company. He served as President of… Read More

January 31, 2017 @ 4:55 pm By Samantha Hurst  |  

Manatt, Phelps & Phillips, LLP announced on Tuesday it has appointed Anita Boomstein as chair of its firm’s Global Payments Practice in New York. Boomstein reportedly joins the firm from Hughes Hubbard and Reed LLP, where she was a partner in the banking and financial… Read More

January 31, 2017 @ 2:39 pm By Samantha Hurst  |  

Lifestyle brand for gamers, Razer, announced on Monday it acquired Kickstarter alum, Nextbit. The company is known for securing over $1.3 million through the crowdfunding giant’s platform for smartphone, Robin. Sharing details about the acquisition, Razer Co-Founder and CEO Min-Liang Tan, stated: “Nextbit is one of… Read More

January 31, 2017 @ 11:27 am By Samantha Hurst  |  

Orca Money successfully secured £280,000 during its seed funding, which was led by TechStart NI. Participants in the round included Halo NI EIS Fund and private investors. Incorporated in 2015 by founders, Iain Niblock and Jordan Stodart, Orca Money is based in Belfast. The company boasts itself as the… Read More

January 31, 2017 @ 5:37 am By Erin Hobey  |  

From the 48% to Theresa May: In less than one week, over 3,280 people have funded a Crowdfunder.co.uk campaign that will give a voice to the silenced millions who do not support the government’s Brexit plans. Having smashed their original £25,000 target in under 12 hours,… Read More

January 31, 2017 @ 4:55 am By Erin Hobey  |  

Zank you very much for banking online.  With one day remaining on its Crowdcube Spain crowdfunding campaign, Spanish crowdlender Zank has surpassed its 300K€ goal by 118%, raising over 356,199€ from over 153 investors for 7.62% equity offered.  The largest investment was to date has been 30,000€. Zank offers… Read More

January 30, 2017 @ 3:03 pm By Samantha Hurst  |  

European-based lending platform Spotcap announced on Monday the launch of its New Zealand operations in Auckland. The lender also revealed it formed a partnership with Heartland, the bank that is providing Spotcap’s Australian operations with A$20million of funding. Speaking about the expansion, Lachlan Heussler, Managing Director of Spotcap Australia… Read More

January 30, 2017 @ 11:10 am By Samantha Hurst  |  

BNP Paribas Securities Services announced on Monday it is backing the growth of Fortia Financial Solution by taking a minority stake in the fintech startup. Fortia Financial Solution, which was founded in 2012, is described as a software company which uses artificial intelligence, machine learning, and business… Read More