General News

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

November 23, 2016 @ 10:30 am By Samantha Hurst  |  

Ldny, a social enterprise that aims to use the power of fashion to address social issues, announced on Wednesday it was launching a “Dress to Invest” work wear collection that is dedicated to supporting female entrepreneurs on equity crowdfunding platform, Seedrs. The new collection made its… Read More

November 23, 2016 @ 10:10 am By Samantha Hurst  |  

Earlier this week, Kickstarter announced London’s Design Museum’s inaugural exhibition is set to show how designs are using its rewards-based crowdfunding platform. The funding portal revealed: “We’re proud that the museum’s inaugural exhibitions include a look at how designers are using Kickstarter to explore bold… Read More

November 23, 2016 @ 9:54 am By Samantha Hurst  |  

On Tuesday, Indiegogo announced it was rolling out a new pilot program that allows entrepreneurs to sell products directly on its global crowdfunding platform. The funding portal revealed that entrepreneurs with products that are currently shipping might tap into its community of “innovation seeks” without… Read More

November 23, 2016 @ 9:06 am By Samantha Hurst  |  

On Wednesday, UK-based peer-to-peer lender Landbay announced it integrated AU10TIX ID authentication and customer onboarding gateway service, which enables customers to notably benefit from seconds-fast Click & Go ID authentication that helps detect and deter fraud. Julian Cork, Chief Operational Officer at Landbay, stated: “We… Read More

November 22, 2016 @ 10:28 pm By Jessica Pham  |  

PwC launched earlier this month a new Fintech tool called the Vulcan Digital Asset Services, which digitizes everyday banking, commerce, and personal currency and asset related services.  Currently, specific services available include digital asset wallets, international payment processing, and investment and trading services.  In the near… Read More

November 22, 2016 @ 2:13 pm By Samantha Hurst  |  

The Securities and Exchange Commission (SEC) announced on Monday Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year.  Luparello was named director of the office in February 2014, and the organization stated he played a… Read More

November 22, 2016 @ 12:06 pm By Samantha Hurst  |  

Datasigns Technologies Pvt. Ltd, an India-based fintech company behind ShubhLoans, has secured an undisclosed amount during an angel funding round, which was led by former MD of JP Morgan Sanjai Vohra and managing director and India CEO of Goldman Sachs, V. Bunty Bohra. Founded earlier this year by Anand… Read More

November 22, 2016 @ 11:12 am By Samantha Hurst  |  

BrewDog recently announced it is officially preparing the hiring process for its new Columbus, Ohio brewery. The brewing company revealed it would be hosting a two-day Open House at the facility on December 5th and 6th. The BrewDog team revealed: “Since we first set foot… Read More

November 22, 2016 @ 10:05 am By Samantha Hurst  |  

On Tuesday, Southern Cross Financial Group announced it has received its peer-to-peer license from the New Zealand Financial Markets Authority (FMA). The company, which was established in 1997, provides funding for property secured loans in locations through New Zealand. Sharing details about the lender, CEO of Southern… Read More

November 22, 2016 @ 9:04 am By Erin Hobey  |  

Goldman Sachs is no longer part of the R3 CEV blockchain group, according to the WSJ. Founded in 2014 by CEO David Rutter to explore the use of the distributed database technology, especially for tech utilizing bitcoin, R3 CEV explores way banks can save billions of dollars through streamlining outdated… Read More

November 22, 2016 @ 9:01 am By JD Alois  |  

The German Federal Ministry of Finance or Bundesministerium der Finanzen, has published a report on the emerging Fintech sector. The document, authored by Prof. Dr. Gregor Dorfleitner and Jun.-Prof. Dr. Lars Hornuf (with the assistance of Matthias Schmitt & Martina Weber), quantifies the emergence of disruptive… Read More