General News

November 29, 2016 @ 9:59 am By Erin Hobey  |  

ING plans to discontinue its P2P mobile payments app Twyp in the Netherlands after it failed to gain traction with customers, according to a release. Twyp CEO Mohamed de Booij indicated the decision to close down the service in the Netherlands was made following feedback from Dutch… Read More

November 29, 2016 @ 9:55 am By Samantha Hurst  |  

AvidXchange, a fintech provider of accounts payable and payment automation, announced on Monday it secured $18 million during a recent investment round, which was led by Fifth Third Capital, a subsidiary of Fifth Third Bancorp, with participation from Pivot Investment Partners. The company stated it is planning to use the… Read More

November 29, 2016 @ 9:05 am By Erin Hobey  |  

Money360, a commercial real estate marketplace lending platform, announced today that it has provided a $10.5 million bridge loan for a fully occupied, single-tenant suburban office complex in the Southern California coastal community of Signal Hill, California. “This was an attractive investment for several reasons,”… Read More

November 29, 2016 @ 8:59 am By Samantha Hurst  |  

Ron Suber, president of online lender Prosper Marketplace, has joined the advisory board of eOriginal, Inc., a service for businesses that need to verify secure, legally compliant and enforceable electronic asset documentation. Suber, who has over 20 years of sales, marketing, and business development, will reportedly leverage… Read More

November 29, 2016 @ 8:48 am By Erin Hobey  |  

A team of Finnish Nokia-alumni are tackling the question of how photo editing can become as intuitive and efficient as the act of taking the photos themselves and have lined on a solution:  Loupedeck, a console controller for Adobe Lightroom, which aims to allow for… Read More

November 28, 2016 @ 9:35 pm By JD Alois  |  

LendIt, the roving global conference series that started with online lending and now has pushed into Fintech, has announced the launch of its inaugural industry awards ceremony, to be held this coming March at the Lendit USA conference in New York City. Lendit CEO and… Read More

November 28, 2016 @ 4:07 pm By Samantha Hurst  |  

On Monday, education crowdfunding nonprofit DonorsChoose announced it is launching a new philanthropic giveaway on November 29 for the 2016#GivingTuesday. According to DonorsChoose, The #GivingTuesday GIVEaway will give 100 donors and teachers a chance to support additional classroom projects on its website, thanks to a $500,000 grant… Read More

November 28, 2016 @ 9:00 am By JD Alois  |  

Orchard has published its quarterly report on loan originations for the online lending industry. According to their numbers, origination volumes continued to drop in Q3 from Q2 2016.  The decline was significant too – decreasing by 21% in Q3 and down 50% from the peak… Read More

November 28, 2016 @ 8:24 am By Samantha Hurst  |  

PrimaryBid, an online funding platform that enables investors to gain access to placings of AIM-listed companies, announced on Monday the launch of its first mobile app, which is now available for both iOS and Android devices. The website revealed that extension of its service on… Read More

November 27, 2016 @ 7:25 pm By JD Alois  |  

Cards Against Humanity is crowdfunding a “tremendous” hole in the ground. People are committing their money to pay for the digging and, as it stands right now, over $100,000 has been raised. What say you? What is the “deeper” meaning here in this great hole?… Read More

November 26, 2016 @ 7:23 am By Samantha Hurst  |  

Earlier this week, creators of the hilarious Kickstarter-funded card game Exploding Kittens, Elan Lee, Matthew Inman, and Shane Small announced the Russian Roulette-inspired game was getting its first expansion, known as “Imploding Kittens.” Exploding Kittens is described as a highly strategic kitty-powered version of Russian Roulette…. Read More

November 25, 2016 @ 10:01 am By Samantha Hurst  |  

On Friday, Crowdfunder UK and Plymouth City Council announced Crowdfund Plymouth received a further £180,000 from the City Change Fund as a way to enable the Council to pledge on projects that benefit the local community in Plymouth. The duo revealed that the first major recipients of a pledge from… Read More

November 25, 2016 @ 9:11 am By Jessica Pham  |  

Phunware, a U.S. tech startup based in Austin, Texas, raised $22 M earlier this month from Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Khazanah is not a stranger to investing in companies beyond the Malaysian borders; it has also invested in companies… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

November 24, 2016 @ 8:09 am By Erin Hobey  |  

With global news feeds covering countless US turkey day traffic jams, StartEngine’s new Jetpack Aviation campaign may provide the solution to next year’s dilemma…for pickup up missing ingredients or arriving early to or leaving quickly from Thanksgiving dinner. “JetPack Aviation is the first company to… Read More

November 24, 2016 @ 7:28 am By Erin Hobey  |  

The Luxembourg government and its private sector partners announced the appointment of Nasir Zubairi as CEO of Luxembourg House of Financial Technology (LHoFT). “I am excited to be working with the stakeholders in the Luxembourg community to progress fintech innovation. Luxembourg has great potential for fintech… Read More

November 24, 2016 @ 7:09 am By Erin Hobey  |  

OppLoans has extended its lending operations to include Georgia and Mississippi, targeting underserved customers with less-than-perfect credit. For those who qualify, OppLoans is now offering personal loans up to $5,000 in Georgia and up to $2,500 in Mississippi. “OppLoans is proud to add Georgia and Mississippi to our suite of online loan products that offer lower interest rates and far more flexible… Read More

November 24, 2016 @ 6:58 am By Erin Hobey  |  

Cashboard, a Berlin-based online investment startup, announced that it has raised €3 million from a Luxembourg-based fintech fund Digital Space Ventures and from its existing investors Redalpine Capital and Earlybird. A recent KPMG and CB Insights report stated that German fintech is attracting more investment than… Read More

November 23, 2016 @ 3:16 pm By Samantha Hurst  |  

On Wednesday, crowdfunding platform CrowdRise announced its annual Giving Tower campaign for #GivingTuesday on November 29th. The Giving Tower is described as an innovative and turnkey fundraising platform organization. The funding portal revealed: “For the last five years, CrowdRise has innovated around traditional holiday giving by… Read More