General News

September 29, 2016 @ 10:00 am By Samantha Hurst  |  

On Wednesday, Kickstarter announced it was set to present The Future Fablab, which is described as a collection of machines that turn digital dreams into physical reality, at World Maker Faire 2016 at the New York Hall of Science this weekend (October 1st and 2nd)…. Read More

September 29, 2016 @ 9:00 am By Samantha Hurst  |  

On Thursday, international financial services group Manulife announced the opening of its third Lab of Forward Thinking (LOFT) location in Singapore. The lab is described as a global exploration and incubation capability that provides a platform for Manulife’s employees to collaborate and devise new technology… Read More

September 29, 2016 @ 8:50 am By Erin Hobey  |  

Since Monday morning, ICONOMI, the globally licensed and regulated bitcoin exchange, has quickly raised an additional $3 million through its “ICO” (Initial Coin Offering) after the “uberized fund management” platform raised to its approximately $5.8 million raised in the campaign’s first month. As of this writing, ICONOMI has now eclipsed… Read More

September 29, 2016 @ 8:06 am By Erin Hobey  |  

Canadian fintech company Lendified Holdings Inc. and its subsidiary and direct lender, Lendified Inc. announced today that their subsidiary Vault Circle Inc. has received an exempt market dealer license from the Ontario Securities Commission (OSC) for its investment business. This marks the achievement of a significant milestone not… Read More

September 29, 2016 @ 7:58 am By Samantha Hurst  |  

 Early-stage venture firm Amino Capital Management Company, LLC (“Amino Capital”) announced on Thursday the closing of its $50 million second fund, Amino Capital II, L.P.(formerly zPark Capital II, L.P., the “Fund”).  Amino Capital’s $50 million second fund expands investments to include not only seed-stage ventures… Read More

September 29, 2016 @ 7:46 am By Erin Hobey  |  

This month the Spanish financial regulator Securities Exchange Commission (CNMV)  authorized MytripleA as a Platform for Participatory Financing, the formal name for a crowdlending platform. This is one of the first actions to implement Law 5/2015 Promotion of Corporate Financing. “Alternative financing is growing rapidly in… Read More

September 29, 2016 @ 7:06 am By Erin Hobey  |  

Distributed ledger technology is set to move out of the test environment and into the wild next year, with nearly two thirds of banks expecting to be in production with full-scale, commercial blockchain projects by 2019, according to research from IBM. While banks and financial market… Read More

September 28, 2016 @ 11:54 am By Samantha Hurst  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced on Tuesday it has been named an inaugural member of the Internet Financial Industry Information Sharing Platform(IFIISP). According to the company, the IFIISP was launched by China Internet Finance Association (CIFA) and aims to… Read More

September 28, 2016 @ 10:46 am By Samantha Hurst  |  

Qumram, a global provider of digital interaction audit solutions for the financial services industry, announced on Wednesday the launch of its new solution for recording end-to-end encrypted social media interactions through WhatsApp. Patrick Barnert, CEO at Qumram, shared details about the new solution and stated: “We… Read More

September 28, 2016 @ 9:33 am By Samantha Hurst  |  

This week, fintech startup AlphaStreet announced the launch of its new iOS app dedicated to on-the-go individual investing. The free app allows users to access their accounts directly from their iPhone. Sharing details about the app, Vishnu Beri, CEO of AlphaStreet, stated: “AlphaStreet’s goal is to make investing… Read More

September 28, 2016 @ 8:21 am By Samantha Hurst  |  

Centaur Analytics, a Greece-based AgTech IoT startup that provides real-time stored agriproducts monitoring and protection solutions, announced on Wednesday it has raised $1.3 million during a recent funding round, which was led by seed-stage venture fund OurCrowd First. The company stated the funds will be used… Read More

September 28, 2016 @ 7:42 am By Erin Hobey  |  

The Best German Tourism Startup winner of 2015 by Verband Internet Reisevertrieb, Beach-Inspector records and digitizes beaches worldwide and makes the images available online to travelers.  The platform launched its crowdfunding campaign with Companisto yesterday, already bringing in more than 113,070€ from over 130 investors… Read More

September 28, 2016 @ 6:59 am By Erin Hobey  |  

Chennai, India-based online financial marketplace, BankBazaar announced the addition of $736K (SGD 1 Mn) growth capital into its Singapore arm, BankBazaar International, according to a release.  The funds will be used to scale technology, and strengthen the expansion strategies, as well as to establish its first financial marketplace in… Read More

September 28, 2016 @ 6:39 am By Erin Hobey  |  

We’ve been awaiting updates on Marcus, Goldman Sachs’ much anticipated online lending platform named for bank’s cofounder Marcus Goldman which may go live as early as October. Stephen Scherr, Goldman Sachs Global Head of the Financing Group, revealed more about Marcus on Tuesday, reported the WSJ, noting that… Read More

September 28, 2016 @ 6:00 am By Erin Hobey  |  

Last week, P2P Global Investments and Zopa teamed up to work on Europe’s first securitization of unsecured consumer loans originated online. dedicated to investing in loans originated via marketplace platforms, and was arranged by Deutsche Bank. “This is an exciting milestone in Zopa’s journey. The securitisation process has… Read More

September 27, 2016 @ 3:55 pm By Samantha Hurst  |  

On Tuesday, Minnesota-based software company, SportsEngine, announced it has acquired RallyMe, a crowdfunding platform that dedicated to sports. The funding portal has notably helped athletes, teams, and national governing bodies raise the funds needed for various sports and events. Sharing details about the acquisition, Justin Kaufenberg,… Read More

September 27, 2016 @ 1:50 pm By Samantha Hurst  |  

On Tuesday, OnDeck (NYSE: ONDK) announced it has teamed up with real estate entrepreneur and Shark Tank judge, Barbara Corcoran, for its new national marketing campaign.  The online lender stated that starting October, Corcoran will be featured in television and radio commercials and customer communications emphasizing OnDeck’s unique ability to… Read More

September 27, 2016 @ 12:17 pm By Samantha Hurst  |  

On Tuesday, the Chamber of Digital Commerce announced it formed a partnership with technology incubator, 1776, to open the Blockchain Innovation Center in Washington, D.C. The organizations revealed that the center would serve as the city’s entrepreneurial resource for technology providers and governments investing and innovating… Read More

September 27, 2016 @ 11:14 am By Samantha Hurst  |  

Radius Bank, a full-service bank serving consumers through its virtual platform, announced on Tuesday it was adding Samsung Pay and Android Pay to its mobile payment options. The bank’s debit cardholders may now add their card to any eligible device to make purchases anywhere Samsung Pay… Read More

September 27, 2016 @ 10:19 am By Samantha Hurst  |  

Able Lending, a low-cost online lender in the nation for small businesses, announced on Tuesday it secured $100 million in debt financing from Community Investment Management (“CIM”). The company announced the funds would be used to make more low-cost loans towards growing small businesses. The Able Lending team… Read More