General News

November 1, 2016 @ 9:36 am By Samantha Hurst  |  

On Monday, Morningstar, Inc. (NASDAQ: MORN), announced it has appointed Mitch Shue to chief technology officer and James Rhodes to chief data officer. The company also reported that it has expanded its global headquarters in Chicago for its technology employees. Shue is responsible for Morningstar’s long-term technology… Read More

November 1, 2016 @ 5:50 am By Erin Hobey  |  

Launched in Barcelona’s Gràcia neighborhood during the summer of 2014 by Venezuelan friends Alejandro Bringas and Juan Lattuf who met working while catering, Chivuo’s mission is to provide high quality Slow Street Food and craft beer, including crowd favorite Garage Beer. The hot spot’s name appeals to men with beards, because Bringas and… Read More

November 1, 2016 @ 5:35 am By Erin Hobey  |  

Folk2Folk, a UK P2P business lender, today announced its expansion plans with the aim of lending £1bn in business loans by 2020, with its newest branch opening in Gloucestershire today. Folk2Folk plans to open another seven branches across the UK in 2017 with Harrogate set to open in… Read More

November 1, 2016 @ 4:59 am By Erin Hobey  |  

BMO Financial Group CEO Bill Downe today announced that Frank Techar is appointed Vice-Chair, BMO Financial Group, effective today;  Techar is currently the COO. Darryl White will succeed Techar as COO, BMO Financial Group, according to a release. During his 22 years with BMO Financial Group… Read More

November 1, 2016 @ 4:05 am By Erin Hobey  |  

Meetzoo, launched its open beta on iPhone earlier this month, aims to secure £150,000 of first stage investment within 30 days. The platform has already £40,890 within the first day of funding from over 29 investors. Investors will receive a share of the 16.67% equity stake being… Read More

November 1, 2016 @ 4:00 am By JD Alois  |  

New research released by Nesta indicates the sharing economy is woefully untapped. Nesta states this disconnect is quite pronounced when it comes to social objectives. In a nationwide survey conducted by TNS Global, just 9% of British adults indicated they used a collaborative economy platform… Read More

October 31, 2016 @ 8:52 pm By Samantha Hurst  |  

NextGen Crowdfunding reported on Monday that investor commitments for Title III equity crowdfunding campaigns have officially surpassed $10 million. NextGen is tracking Title III companies through its “NextGen Dashboard.” The dashboard notably displays investor commitments progress since the new crowdfunding regulations went into effect less than… Read More

October 31, 2016 @ 3:54 pm By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday it is making changes to its interest rates. The lender stated that it regularly reviews the rates and takes into account various factors, which includes macroeconomics trends. It was revealed: “At Funding Circle, our aim is for investors… Read More

October 31, 2016 @ 12:11 pm By Samantha Hurst  |  

Riskalyze, a company that empowers thousands of advisors to align each client’s investments with its Risk Number, announced on Monday it secured a $20 million minority growth equity investment, which was led by FTV Capital. The company stated that the investment is considered its first outside… Read More

October 31, 2016 @ 11:34 am By Therese Torris  |  

The second reform of France’s crowdfunding regulation has officially come into force. Resulting from tight cooperation between industry professionals, regulators and government authorities, the new measures expand the scope of both crowdlending and crowdinvesting. The first French regulation of crowdfunding was issued in October 2014…. Read More

October 30, 2016 @ 7:48 pm By JD Alois  |  

Wangdaizhijia (or wdzj.com), an alternative finance news and data platform in China, has published two interesting reports on the state of internet finance in the largest altfi market in the world. The first document focuses on peer to peer lending. The second publication is on… Read More

October 30, 2016 @ 12:12 pm By JD Alois  |  

The National Crowdfunding Association of Canada (NCFA Canada) recently held its annual event in Vancouver. VanFUNDING 2016 incorporated a “pitching showcase” and the winning companies were: ChatterHigh, Glance, My Green Space and Starling Minds. VanFUNDING was created to be all about boosting online and alternative… Read More

October 28, 2016 @ 5:16 pm By JD Alois  |  

Orchard Platform is out with their weekly report and they are reporting that “things appear to be getting back on track” as money is flowing back into the online lending sector.  New loan issuance is being led by platforms like SoFi and Avant. If this… Read More

October 28, 2016 @ 4:39 pm By JD Alois  |  

OTC Markets has scheduled a one-day “Bootcamp” on leveraging updated rules enacted under Title IV of the JOBS Act. OTC Markets and Crowdfund Beat Media will be co-hosting a gathering at OTC headquarters in New York City to provide smaller companies the information they need… Read More

October 28, 2016 @ 12:14 pm By JD Alois  |  

    The CrowdfundingHub has published a report on the rise of equity crowdfunding across Europe. The  document provides a snapshot perspective on sector growth noting that more evolved markets have gained investor trust but risks remain. Pointing to data provided by the Cambridge Centre… Read More

October 28, 2016 @ 11:21 am By Samantha Hurst  |  

On Thursday, Indiegogo and Arrow Electronics announced they gave interactive pet camera and toy company, PlayDate, $100,000 in flash funding. The duo revealed: “We are excited to announce the final winner of Arrow flash funding this month: the team behind PlayDate, an interactive pet camera and… Read More

October 28, 2016 @ 10:02 am By Samantha Hurst  |  

Marketplace investment platform Income& announced on Thursday its launch from Alpha into Beta. The website revealed that for the Beta launch it has developed an interface that allows investment advisors and accredited investors to easily register and purchase PRIMOs. Brad Walker, CEO of Income& shared details… Read More

October 28, 2016 @ 8:59 am By Samantha Hurst  |  

On Friday, crowdfunding platform FundedByMe announced it has been selected as a finalist for the third annual Global Ventures’ Fintech Competition. True Global Ventures is an international, early-stage super-angel investment firm that was formed by technology entrepreneurs-turned-angel-investors who have done more than 600 investments on… Read More

October 27, 2016 @ 11:48 am By Samantha Hurst  |  

On Wednesday, Elio Motors, Inc. (OTCQX: ELIO) announced it has engaged Oppenheimer & Co. Inc. and Northland Capital Markets for investment banking services, which includes strategic advisory, financing, and capital markets strategies. Sharing details about the new collaboration, Paul Elio, founder and CEO of Elio Motors, stated: “Elio Motors continues… Read More

October 27, 2016 @ 10:26 am By Erin Hobey  |  

In less than two weeks, Polygons, the origami-inspired flat 4-in-1 spoon, is performing beyond measure on its Kickstarter campaign, having already surpassed $500K stretch goal.  At this writing the flat spoon has raised over $542,000 from over 19,432 backers… the stats increase with each click… quite a… Read More