General News

January 27, 2017 @ 7:55 am By Samantha Hurst  |  

Nearly one month after ringing in the new year, Stuart Law, CEO and co-founder of peer-to-peer lending platform Assetz Capital, provided his alternative finance predictions for 2017.  Law’s upcoming year’s predictions come just after Assetz Capital announced it originated £200 million in loans since launching in 2013. As previously reported,… Read More

January 26, 2017 @ 5:40 pm By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Thursday its trading statistics and news highlights for 2016. The year’s highlights are the following: Total dollar volume of OTCQX, OTCQB, and Pink securities was $192.9 billion compared… Read More

January 26, 2017 @ 4:26 pm By Samantha Hurst  |  

On Thursday, BJ’s Wholesale Club announced it awarded $100,000 to all classroom projects listed by teachers from Charleston, Summerville, and neighboring communities through DonorsChoose. The funds were from the wholesale company’s foundation and reportedly fulfilled 141 projects and benefited 846 students in 65 local schools. Projects… Read More

January 26, 2017 @ 3:49 pm By JD Alois  |  

The UK has been the reigning king of Fintech for several years now. But it is lonely at the top and several countries are seeking to usurp the UK’s Fintech dominance. Add Brexit fallout and the UK has a battle on its hands. Of course,… Read More

January 26, 2017 @ 10:46 am By Samantha Hurst  |  

Russian developer CINEMOOD announced on Thursday the IIDF fund of Moscow invested USD $2.5 million Series A equity. The company created portable mini-cinema projector devices with a content platform for kids and released its second model, which is is a complete platform of hardware and entertainment and… Read More

January 26, 2017 @ 9:39 am By Samantha Hurst  |  

Millennium Trust Company announced on Thursday it finished 2016 with continued growth, bringing the total assets under custody to $20.8 Billion in 527,000 custodial accounts. Speaking about last year’s successes, CEO of Millennium Trust Company, Gary Anetsberger, commented on the firm’s Millennium Alternative Investment Network, which was… Read More

January 26, 2017 @ 9:02 am By Samantha Hurst  |  

FinTech Acquisition Corp. II (NASDAQ:FNTEU), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities in the financial technology industry, announced on Thursday it completed its initial public offering (IPO) of 17.5 million units at a price… Read More

January 25, 2017 @ 5:53 pm By Samantha Hurst  |  

Online angel investment platform Propel(x) announced on Wednesday its platform hit a significant growth milestone in 2016 by helping to secure $5.3 million for deep technology and science startups. Sharing details about the milestone, Swati Chaturvedi, CEO and Co-Founder of Propel(x), stated: “2016 was a successful year in connecting… Read More

January 25, 2017 @ 3:36 pm By Samantha Hurst  |  

Crowdcube #FundedClub member Monzo announced it not only surpassed 100,000 users, but the users have also successfully spent £100 million. While sharing details about the 100,000th user, Monzo stated: “This year has been pretty exciting so far and today is no exception. We’re proud to announce… Read More

January 25, 2017 @ 11:15 am By Samantha Hurst  |  

Elevate, a provider of innovative online credit solutions for non-prime consumers, announced on Wednesday it has achieved two major customer financial progression milestones.  According to Elevate, over 55,000 customers using its RISE product have improved their credit scores and more than 20,000 RISE customers are… Read More

January 25, 2017 @ 10:11 am By JD Alois  |  

Breathometer, the “world’s first smartphone breathalyzer”, raised $138,437 on Indiegogo back in 2013. The following year, Breathometer visited the studios of Shark Tank where founder Charles Michael Yim “blew the sharks out of the water.” He asked for a mere $250,000.  And what happened? All… Read More

January 24, 2017 @ 5:06 pm By Samantha Hurst  |  

Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Tuesday it signed an agreement with the city of Toulouse, France to open a facility for the development and testing of the Hyperloop-related technologies. This news comes shortly after Hyperloop’s announcement of surpassing $100 million in in-kind and… Read More

January 24, 2017 @ 4:05 pm By Jessica Pham  |  

Online lending experienced a challenging year in 2016. Regardless of your base of operations, unexpected events created a bumpy ride for many platforms in this sector of finance. Crowdfund Insider last spoke to Zopa CEO Jaidev Janardana in mid-2016, just prior to the UK’s decision… Read More

January 24, 2017 @ 1:13 pm By Samantha Hurst  |  

Sleep technology startup Eight announced on Tuesday it raised $5 million during its Series A financing round, which brings the company’s total funds to $11 million. Investors including Yunqi Partners, Azure Capital, Y Combinator, Stanford StartX fund, Comcast Ventures, and Sinovation Ventures. This news comes just… Read More

January 24, 2017 @ 9:14 am By Erin Hobey  |  

Ford Motor Credit has partnered with fintech startup AutoFi to provide digital financing options to consumers, the companies announced in a joint press release. The program is available today to consumers near Ricart Ford in Groveport, Ohio — just outside of Columbus — and plans to… Read More

January 24, 2017 @ 8:38 am By Samantha Hurst  |  

On Tuesday, Equifax Canada (NYSE: EFX) announced it officially launched the first phase of a new multi-million dollar technology platform, which will provide Canadian financial institutions with insights to help them understand their customers’ needs and motivations. According to Equifax Canada, the new platform will… Read More

January 24, 2017 @ 8:38 am By Erin Hobey  |  

“We can do online voting on blockchain in a highly scalable way, and that’s what we did.” Focusing on solving the problem of securing public, private and proxy global election systems, Votem offers a blockchain-based solution which aims to give democracy back to the people by allowing… Read More

January 24, 2017 @ 7:53 am By JD Alois  |  

The EU has ambitious goals on fostering sustainable energy projects but frequently financing is hard to find.  A newly published position paper, produced in concert with Citizenergy, on the challenge is pointing to alternative finance as a significant part of the answer. According to the… Read More

January 23, 2017 @ 3:41 pm By Samantha Hurst  |  

On Monday, equity crowdfunding platform for healthcare, RedCrow, announced  MindChild Medical successfully received FDA approval for a non-invasive fetal heart monitor. The RedCrow-backed company, which was founded in 2008, reportedly submitted a 510(k) in 2012 for its MERIDIAN M110 monitor, which is described as a medical marvel… Read More

January 23, 2017 @ 2:50 pm By JD Alois  |  

Numerous states have enacted “intrastate” crowdfunding regulations to help foster capital formation for local businesses. Some of the states have crafted crowdfunding rules that are superior to Title III of the JOBS Act, also called Reg CF.  Minnesota is one of those states that benefited… Read More