General News

October 20, 2016 @ 4:26 am By Erin Hobey  |  

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

October 19, 2016 @ 5:17 pm By Samantha Hurst  |  

On Wednesday, Biz2Credit released its annual study that revealed revenues at Hispanic-owned companies improve substantially in a year-to-year comparison. Hispanic entrepreneurs on the website notably grew by 68.7% in the past 12 months and Hispanic-owned companies had average annual revenues of $202,327, up from $68,540 the… Read More

October 19, 2016 @ 3:34 pm By Samantha Hurst  |  

On Wednesday, Indiegogo and its partner, Arrow Electronics, announced that Kurt Swanson, Don Pancoe and the whole team at Noria Technologies have won $50,000 in flash funds. The companies declared earlier this month they were giving $25,000 to three entrepreneurs throughout the month of October, with Brad Holland… Read More

October 19, 2016 @ 11:57 am By Samantha Hurst  |  

Peer-to-peer lending platform Zopa recently announced its co-founder Giles Andrew was named one of Digital Banking Club’s Power 50. The list notably features the most innovative and influential people in European digital financial services. Zopa revealed that the list was selected by members of the Digital Banking… Read More

October 19, 2016 @ 11:36 am By Samantha Hurst  |  

With the 2016 U.S. Presidential Election nearing its final weeks, crowdfunding platform Kickstarter announced the launch of its Election Issues, which is described as a collection of political creations that are to spark conversation and action. The Kickstarter team stated: “Elections aren’t just about the… Read More

October 19, 2016 @ 10:16 am By JD Alois  |  

A report published by IW Capital, that researched 2000 UK consumers and citizens, stated that 30% of respondents are looking towards EIS investments in this historically low-interest rate environment.  The Bank of England pegged interest rates at 0.25% following Brexit, the lowest level in British… Read More

October 19, 2016 @ 8:38 am By Samantha Hurst  |  

Earlier this week, GoFundMe announced it has surpassed $3 million in funds raised from more than 25 million donors through its global crowdfunding platform. Speaking about the milestone, the GoFundMe team explained: “GoFundMe’s giving community has come together to support those who need help time… Read More

October 19, 2016 @ 8:13 am By JD Alois  |  

Dow Jones VentureSource is reporting that Q3 2016 venture capital declined noticeably in comparison to Q2 and slightly versus same quarter year prior. The report states that 20 European venture capital funds raised €1.23 billion during 3Q 2016. Comparing 2Q 2016, total capital raised experienced… Read More

October 19, 2016 @ 7:22 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released data for member platforms for Q3 2016. According to their numbers, new P2P loans hit £700,374,000 driving cumulative lending to just under £6.5 billion. Aggregate lending was an improvement over year prior quarter indicating ongoing… Read More

October 18, 2016 @ 3:03 pm By Samantha Hurst  |  

On Tuesday, Kickstarter announced its new reward scheduling feature, which will notably make engaging backers and building excitement easier. The rewards-based crowdfunding platform shared that in addition to setting backer limits on rewards, campaign creators will now be able to set a time-based limit. It… Read More

October 18, 2016 @ 10:37 am By Samantha Hurst  |  

On Tuesday online lender for small business OnDeck (NYSE: ONDK) announced it is teaming up with Shark Tank star Barbara Corcoran for its annual Seal of Approval Contest. This is the second year that the lender and Corcoran have formed a partnership to help three small businesses take home… Read More

October 18, 2016 @ 9:45 am By Erin Hobey  |  

This Capital Cell crowfunding campaign is a unique opportunity to co-invest with an undisclosed VC firm in Era7 Bioinformatics, a Spanish company focused on the revolution of the Microbiome and providing new solutions to address the problem of antibiotic resistance. Era7 Bioinformatics uses its own algorithms… Read More

October 18, 2016 @ 6:05 am By Erin Hobey  |  

FinTech Sandbox, an innovative nonprofit helmed by Jean Donnelly that provides FinTech startups free access to financial data and infrastructure to accelerate development, today announced a series of events highlighting the innovative FinTech solutions Sandbox participants have built. Demo Day 3.0, with presentations from US-… Read More

October 17, 2016 @ 3:19 pm By Erin Hobey  |  

Adam Felesky and Paul Desmarais III today announced the closing of a new fund, Portag3 Ventures (“Portag3”), focused on the fintech sector. Felesky, a co-founder and former CEO of Horizons ETFs, has been named President and will run day-to-day operations at the fund. Paul Desmarais III,… Read More

October 17, 2016 @ 3:04 pm By Erin Hobey  |  

The Federal Trade Commission announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on 26 October at the Constitution Center auditorium, located at… Read More

October 17, 2016 @ 2:29 pm By Erin Hobey  |  

WorldRemit, a global digital remittances service platform based in the UK, today announced that Rhode Island residents can now securely send money overseas via its mobile app.  WorldRemit touts availability in US, DC and Puerto Rico. WorldRemit has targeted its service for immigrants in the U.S., allowing them to send money instantly… Read More

October 17, 2016 @ 2:24 pm By Samantha Hurst  |  

Real estate marketplace lending platform Money360 announced on Monday it has provided an $800,000 bridge for the acquisition of a newly-constructed, single-tenant retail building, located in Raymond, Illinois. According to Money360, the borrower has secured a loan through its platform and was able to close before its 1031-exchange… Read More

October 17, 2016 @ 9:11 am By Erin Hobey  |  

AMG Sicherheitstechnik, a German-based company with 12 years of experience in counseling and sales and over 50,000 clients worldwide, has launched the burglar chasing system branded Alarmtab. While nationwide sales in Germany started in August 2016, the platform plans to launch the system globally with Companisto… Read More

October 17, 2016 @ 5:21 am By Erin Hobey  |  

CAN Capital, Inc., a market share leader in alternative small business finance, announced that the company will speak at and sponsor Money 20/20. CAN Capital CEO Daniel DeMeo will will discuss the alternative finance industry’s massive growth over the past year and how that has impacted the small business… Read More

October 15, 2016 @ 10:27 am By Samantha Hurst  |  

Earlier this week, CEO of peer-to-peer lending platform Zopa Jaidev Janardana took to the stage of the marketplace lending conference, LendIt Europe, to share details about the industry’s growth and development over the past year. During his keynote speech, “2016: Growing Up,” Janardana noted despite… Read More