General News

October 26, 2016 @ 12:43 pm By Samantha Hurst  |  

Investment crowdfunding platform Growthdeck announced it has merged with merged with the established HNW investor club and syndicator, Radius Equity, to create a premium VC-crowdfunding hybrid. This news comes just a few months after Growthdeck secured over £1 million through its self-crowdfunding campaign. Radius Equity, which is described as… Read More

October 26, 2016 @ 12:34 pm By Erin Hobey  |  

Addepar, a financial operating system, today announced major company milestones and significant updates to its technology, notably the availability of the Addepar Open API. With 97% year-over-year growth, Addepar now reports more than $500 billion in assets on its platform, and serves as mission-critical technology to more… Read More

October 26, 2016 @ 10:00 am By Samantha Hurst  |  

nanoPay, an early-stage fintech company based in Toronto that provides a secure, real-time payments platform, announced on Wednesday it has secured $10 million during a Series A funding round. Participants in the round reportedly included The Merchant Banking Division of Goldman Sachs, APAGM Services LLC… Read More

October 26, 2016 @ 8:53 am By Samantha Hurst  |  

Online commercial mortgage marketplace lender, LendInvest, announced on Wednesday it is now offering dates for a second London course for its Property Development Academy as a way to accommodate some of the applicants who were not included in the first Academy course. This second course… Read More

October 26, 2016 @ 7:08 am By Samantha Hurst  |  

Laver & Wood, a Hawkes Bay-based cricket batmaker, announced on Wednesday it is planning to launch an equity crowdfunding campaign on PledgeMe next month. The company is seeking to raise between $250,000 and $1,000,000 which represents 5.8%–20% of the company. Shares are $1 each with a minimum… Read More

October 25, 2016 @ 2:39 pm By JD Alois  |  

Crowdnetic has published its annual  Crowdwatch report on Title II investment crowdfunding as enacted under the JOBS Act of 2012. Title II, or Reg D 506(c), allows issuers the option to “generally solicit” or to promote their securities online to accredited investors. According to their… Read More

October 25, 2016 @ 2:33 pm By Samantha Hurst  |  

ICONOMI, the globally licensed and regulated bitcoin exchange, announced on Tuesday it is distributing all ICN apptokens among its investors less than a month after its successful Initial Coin Offering (ICO). The company reportedly issued 100 million ERC20 compliant apptokens, which represented 100% ownership of ICONOMI, to the… Read More

October 25, 2016 @ 10:37 am By Samantha Hurst  |  

On Tuesday, PeerStreet celebrated its one-year anniversary by revealing that it has funded $150 million investments with zero losses in the last twelve months. The real estate crowdfunding platform also declared it is offering investors average annualized returns between 6% and 12% to date and… Read More

October 25, 2016 @ 10:02 am By Samantha Hurst  |  

On Tuesday, Toronto’s cloud-based mobile payment platform Dream Payments announced it was named the winner of the global investment challenge for fintech and digital health companies, VentureClash. The event was held on October 20th at Yale University. The company stated it was among almost 200 contenders… Read More

October 25, 2016 @ 10:00 am By Erin Hobey  |  

UBS has named its former Apac CTO Peter Stephens as head of blockchain, replacing Alex Batlin who jumped ship last week to join BNY Mellon. A thirteen-year veteran at the Swiss bank, Stephens starts his new position on 1 November, working out of the bank’s London… Read More

October 25, 2016 @ 9:49 am By Erin Hobey  |  

Bizfi, a, NYC-based fintech platform that combines aggregation, funding and a marketplace for small businesses, announced its board of directors has appointed John Donovan as the company’s CEO. Donovan is 30-year payments and alternative finance industry veteran, serving both small businesses and consumers. “Bizfi is transforming the way… Read More

October 25, 2016 @ 9:27 am By Erin Hobey  |  

A new program partnership between AngelList and the Ontario Securities Commission (OSC),  is now available to investors in Ontario, reported BetaKit. Eligible investors can now invest in Creative Destruction Lab and NEXT Canada startups raising capital through an AngelList Syndicate, provided the startups are headquartered in, or have significant… Read More

October 25, 2016 @ 8:32 am By Erin Hobey  |  

No transaction fees until 2017! The India-based online recharge and mobile wallet company MobiKwik announced that it is waving its per transaction fee for all unorganized retail merchants until December 31 to promote the adoption of e-cash among the local grocery stores, chemists, apparel stores… Read More

October 24, 2016 @ 4:42 pm By Samantha Hurst  |  

Mizuho Bank recently announced the opening of its innovation center, which will be located in the Fintech Center of Tokyo Finolab. The company stated the center would be jointly operated by Mitsubishi Estate Co., Ltd., Dentsu Inc., and Information Services International–Dentsu, Ltd. Mizuho reported that… Read More

October 24, 2016 @ 3:06 pm By Samantha Hurst  |  

On Monday, Indiegogo and Arrow Electronics announced the final flash funding recipient for the month of October. The duo revealed Andy Karuza and the FenSen team were selected to receive $75,000 in the funding prize.  The companies explained the FenSens team is hoping to transform… Read More

October 24, 2016 @ 1:16 pm By Samantha Hurst  |  

Last week, the winners of the 2016 British Small Business Awards were announced. Held at London’s Grand Connaught Rooms, the event is organized by Small Business UK and celebrated the small business community in the UK and among the winners was equity crowdfunding platform Crowdcube. … Read More

October 24, 2016 @ 11:38 am By Samantha Hurst  |  

Last week, UK-based alternative finance lender for SMEs, LendingCrowd, announced the launch of its new P2P deal to investors. The platform stated that by investing £5000, investors will get a 2.5% joining bonus allocated to their accounts and access to a lending platform that achieved… Read More

October 24, 2016 @ 10:49 am By Samantha Hurst  |  

On Monday, H2Ventures and KPMG Fintech teamed up to announce the third annual Fintech 100 list, which notably includes 50 “established” fintech companies from across the global and 50 “emerging stars.” The Fintech 100 includes 35 companies from the Americas, 28 companies from EMEA, plus… Read More

October 23, 2016 @ 6:46 pm By JD Alois  |  

Investing in early stage companies is a risky venture. The advent of internet finance has made it easier than ever before to gain access to purchasing securities in startups.  Correspondingly, the debate regarding risk versus return has always been a very hot topic. Recently Crowdfund… Read More

October 22, 2016 @ 4:12 pm By JD Alois  |  

This is another cautionary tale in the world of rewards-based crowdfunding.  Stikbox, a cool selfie-stick that raised money on Kickstarter in January of this year is being challenged with copies from China that are pretty much the same but far less expensive. The creator has… Read More