General News

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

January 30, 2017 @ 9:28 am By JD Alois  |  

This is an interesting report from Get Rich Slowly, a personal finance blog, showing divisions between specific markets regarding job growth and average weekly wage. As one would expect, the hot-bed of innovation – San Francisco – is at the top of the list for… Read More

January 29, 2017 @ 2:52 pm By JD Alois  |  

The European Crowdfunding Network (ECN), a pan-European alternative finance advocacy group, is asking members to participate regarding input on the Capital Markets Union.  Specifically, the ECN will be working with the Directorate‑General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) regarding input on… Read More

January 28, 2017 @ 1:50 pm By Erin Hobey  |  

“We are convinced that the moment has come for Spanish banks and insurance companies to recognize the great opportunity that the whole country and financial sector have thanks to the impulse and promotion of Fintech. It is also the time to begin to promote strategies… Read More

January 27, 2017 @ 1:47 pm By Samantha Hurst  |  

Canadian multinational bank Scotiabank announced on Friday it is launching what it calls a “Digital Factory” as a way to help accelerate the fintech industry while also helping to improve its customers’ experience in mobile and digital banking transactions, account opening, loan adjudication, and mortgage… Read More

January 27, 2017 @ 12:34 pm By Erin Hobey  |  

Buddy-Watcher is closing in on its final week of crowdfunding on Companisto. The startup’s solution makes it possible to communicate more easily under water, providing underwater athletes with more freedom and increased safety. 170 international specialist retailers currently sell Buddy-Watcher, which helped the startup achieved… Read More

January 27, 2017 @ 11:24 am By Erin Hobey  |  

Birmingham City Council is joining forces with ART Business Loans and P2P lender ThinCats  to assist Birmingham SMEs that are unable to obtain any or all financing needed from high street banks, reported the Birmingham News. “Peer to peer finance solves two problems at once;… Read More

January 27, 2017 @ 11:01 am By Samantha Hurst  |  

Venture capital and advisory firm, Nyca Partners (Nyca), announced on Friday its latest venture capital fund received more than $125 million in total commitments. The company reports that over the course of the next 30 months, its founder, former Visa president, and LendingClub chairman, Han Morris,… Read More

January 27, 2017 @ 10:57 am By Erin Hobey  |  

The Australian largest marketplace lending platform SocietyOne announced John Cummins has joined the group as CIO, according to The Advisor. Reporting to SocietyOne CEO and MD Jason Yetton, Cummins will be responsible for SocietyOne’s funding requirements to support demand from an expanding number of borrower customers, including building on SocietyOne’s existing network… Read More

January 27, 2017 @ 8:41 am By Erin Hobey  |  

Joint Electronic Teller Services Limited (JETCO) announced a partnership with 7 Macau banks  to offer dual-currency JETCO Pay P2P mobile fund transfer. The service allows the participating banks’ customers to transfer both Hong Kong dollars (HKD) and Macau Pataca (MOP) to account holders of all local participating banks… Read More

January 27, 2017 @ 8:12 am By JD Alois  |  

The advent of online lending has become a powerful vehicle for providing access to credit for many thousands of businesses and individuals. No longer do you have to take a trip to the corner bank to complete reams of forms only to be told sorry,… Read More