General News

November 14, 2016 @ 5:16 pm By Samantha Hurst  |  

On Monday, online lender Prosper Marketplace announced its board of directors has named former CFO David Kimball as the new CEO after Aaron Vermut stepped down from the position. Vermut notably served as the CEO of Prosper since March 2014, and the platform reported that he would… Read More

November 14, 2016 @ 4:01 pm By Samantha Hurst  |  

On Monday, UK-based fintech firm Nutmeg announced it secured 30 million during a Series C funding, which was led by Hong Kong independent finance advisers firm, Convoy Global Holdings. Other participants included existing investors such as Schroders, Balderton Capital, Pentech Ventures, Armada Investment Group, and… Read More

November 14, 2016 @ 2:41 pm By Samantha Hurst  |  

The European Commission has reportedly set up an internal task force that is focused on financial technology (aka fintech). While sharing details about the group, Roberto Viola, director general for DG Connect and Olivier Guersent, director general DG Financial Stability, revealed in a press release the key… Read More

November 14, 2016 @ 11:47 am By Samantha Hurst  |  

Elevate Center for the New Middle Class, which conducts research that focuses on the American “new” middle class, released its latest report on Monday, revealing that 81% of nonprime Americans, which are those with credit scores lower than 700, spend only what they earn, or less… Read More

November 13, 2016 @ 6:27 pm By JD Alois  |  

It has been widely reported that Paul Atkins, a former SEC Commissioner and current CEO of Patomak Partners, is the point person in Donald Trump’s transition team for financial regulatory appointments. This is an encouraging sign. Atkins, a Vanderbilt Law School Grad, was an SEC… Read More

November 12, 2016 @ 3:02 pm By Samantha Hurst  |  

StreetShares, an online lender providing access to capital for SMEs, announced this week its new self-titled foundation announced its Veterans Small Business Awards. The organization teamed up with JP Morgan Chase to provide up to $10,000 each month to vets who own a business. StreetShares revealed… Read More

November 12, 2016 @ 3:00 pm By Kathleen Minogue  |  

If crowdfunding as a means to improve access to capital for entrepreneurs, small business owners and creatives turns out only to be an ideology, it will be the result of a lack of effective education. By my definition, crowdfunding is human beings connected and empowered… Read More

November 12, 2016 @ 12:31 pm By Samantha Hurst  |  

Privately held investment firm Senjō Group announced on Friday it is set to support and co-sponsor Next Money’s Fintech Finals 2017 (FF17). The company revealed it will also be organizing partner alongside InvestHK and Startmeup.HK. Next Money is described as a global fintech community that fosters the… Read More

November 11, 2016 @ 3:48 pm By Samantha Hurst  |  

BrewDog, the largest independent brewery in Europe, opened its new German location, Berlin Mitte on Friday. The new location is just minutes away from Mauerpark. Sharing details about Berlin Mitte, the Brewdog team stated: “We are psyched to be opening in this incredible city – so much… Read More

November 11, 2016 @ 3:18 pm By Samantha Hurst  |  

Hong Kong-based Monexo announced this week it is looking to expand its peer-to-peer lending operations in the city of Kolkata. Founder and CEO of Monexo, Mukesh Bubna confirmed that the lender is going to start with services for personal loans.  Bubna revealed: “We have taken an… Read More

November 11, 2016 @ 1:47 pm By Samantha Hurst  |  

Toast, a Singapore fintech startup, has reportedly secured $1.5 million during a pre-Series A funding round, which was led by Aetius Capital with participation from 1776 and Pepper Group. Toast is described as a peer-to-peer money transform application that allows Filipino users in Hong Kong… Read More

November 11, 2016 @ 12:33 pm By Jason Best & Sherwood Neiss  |  

How Donald Trump Can Leverage Crowdfunding Under Reg CF to Double GDP Growth President-elect Trump made it a hallmark of his campaign to double GDP growth. According to Karen Kerrigan, President of the Small Business and Entrepreneurship Council; “His agenda of lowering taxes, simplifying the… Read More

November 11, 2016 @ 9:14 am By JD Alois  |  

Investment crowdfunding offers for  young automotive companies like Elio Motors and Dubuc have generated significant investor interest.  Recognizing this phenomena, the Crowd Invest Summit has added three additional companies to its roster of participants at their forthcoming event being held on the Los Angeles Convention… Read More

November 11, 2016 @ 8:56 am By Samantha Hurst  |  

Smart Token Chain, a blockchain specialist in the fintech sector, announced on Thursday it completed its first full smart token transaction across the Ripple Network.The company reported Ripple gives it access to a wide range of partners and customers without having to establish a digital… Read More

November 10, 2016 @ 5:30 pm By Jessica Pham  |  

Secretary General of the Financial Stability Board (FSB) Svein Andresen announced at a Chatham House conference in London earlier this month that Fintech firms looking to disrupt traditional banking and financial systems are not yet posing an immediate threat, according to Reuters. He noted, however, that the… Read More

November 10, 2016 @ 5:05 pm By Samantha Hurst  |  

Citi announced on Thursday the launch of its new global API Developer Hub. The high profile banking brand revealed the hub was created as a way to connect with developers and enable them to build innovative client solutions. Citi reported that through the global API… Read More

November 10, 2016 @ 2:58 pm By Samantha Hurst  |  

On Wednesday, New York University’s Stern School Business held its inaugural Fintech Conference. The event addressed critical issues in the fintech industry, which included regulations to public policy, equity crowdfunding, marketplace investing, and blockchain technology. Dan Schulman, president and CEO of PayPal, was the keynote speaker. Raghu… Read More

November 10, 2016 @ 2:07 pm By Samantha Hurst  |  

On Thursday, Biz2Credit announced its recent Small Business Lending Index report revealed that loan approval rates at big banks and institutional lenders improved to all-time highs in October 2016. The report stated that small business loan approval rates at big banks improved to 23.5% during… Read More

November 10, 2016 @ 12:57 pm By Samantha Hurst  |  

Financial Services Union Denmark, the City of Copenhagen and the Danish Bankers Association announced the opening of the new fintech hub, Copenhagen Fintech.  Copenhagen Fintech is described as a non-profit association open to companies and organizations with interests within the fintech area. The hub was notably established… Read More

November 10, 2016 @ 10:51 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More