General News

November 30, 2016 @ 11:54 am By Samantha Hurst  |  

Following the 2016 #GivingTuesday, YouCaring announced its top 10 crowdfunding campaigns for the annual event, which was held yesterday (November 29th). The top 10 campaigns are listed below. Heat for the Sisters (Peekskill, NY): A group of nuns crowdfund to repair their convent. Yuan’s Dying… Read More

November 30, 2016 @ 9:46 am By Samantha Hurst  |  

Finstar Financial Group, a fintech-focused international private equity group, announced on Wednesday it invested $3 million in Rocket10, a mobile marketing agency. Finstar also secured the right to further increase its equity stake in Rocket10. Finstar revealed it would utilize Rocket10’s mobile marketing technology across the Group’s portfolio… Read More

November 30, 2016 @ 8:52 am By Samantha Hurst  |  

 OnDeck (NYSE: ONDK) announced on Wednesday it appointed Nick Brown as its new Chief Risk Officer. Brown will reportedly oversee the online lender’s credit and risk management strategy and execution, which includes credit and operational risk controls, portfolio monitoring, and the further development and optimization… Read More

November 30, 2016 @ 7:43 am By JD Alois  |  

Innovate Finance has published a “Women in Fintech Powerlist” for 2016. Approximately 200 women in Fintech globally have been featured on their list. The list was created to celebrate the contributions of women who increasingly play a vital role in the development of the global… Read More

November 29, 2016 @ 9:39 pm By JD Alois  |  

P2P lending rating agency 4thWay is highlighting that 77 IFISA applications are in limbo at the Financial Conduct Authority waiting for full authorisation.  Within this group, ten of the largest UK P2P lenders are still in the queue.  In what was expected to be a… Read More

November 29, 2016 @ 9:12 pm By Jessica Pham  |  

November is National Entrepreneurship Month and Suffolk University in Boston celebrated by organizing experiential courses on crowdfunding.  During Global Entrepreneurship Week on November 14, students partaking in the programs launched campaigns on Kickstarter and Indiegogo to support their startups.  Seven startups and campaigns have launched… Read More

November 29, 2016 @ 4:28 pm By Samantha Hurst  |  

The Stockholm Fintech Hub, an independent, not-for-profit hub, is set to launch in the first quarter of 2017. The hub’s mission is to accelerate and promote the development of Sweden’s fintech, insurtech, and regtech startups. It was created by Matthew Argent, Partner BLC Advisors, KPMG,… Read More

November 29, 2016 @ 1:29 pm By Samantha Hurst  |  

On Tuesday, Indiegogo funded startup OhMiBod announced the debut of its new wearable massager, the Club Vibe 3.OH. The company described the device as a vibrator that is designed to enhance couples’ intimacy, passion, and excitement without giving up privacy. Sharing details about the product,  Suki Dunham, founder of… Read More

November 29, 2016 @ 10:31 am By Erin Hobey  |  

During the last week Spanish fitness center DiR‘s crowdfunding campaign has gained traction. With 18 days remaining on its Crowdcube Spain campaign, the fitness center chain DiR founded in Barcelona by CEO Ramon Canela in 1979 is now 120% overfunding, having raised over 432,475€ of its initial 360,000€ goal. The largest investment to date has… Read More

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