General News

September 21, 2016 @ 8:32 am By Samantha Hurst  |  

Global investment crowdfunding platform OurCrowd announced on Wednesday it raised $72 million during its Series C funding round. The company revealed that the latest round’s participants included financial institutions, family offices, and private investors from five continents. Sharing details about the funding round, CEO of OurCrowd,… Read More

September 20, 2016 @ 1:39 pm By Samantha Hurst  |  

On Tuesday, global asset management firm, American Century Investment, announced former executive of Envestnet, Jay Hummel, has been appointed as its new series vice president of direct sales and services. Hummel will American Century’s business strategy and the execution of retail direct business, which currently… Read More

September 20, 2016 @ 11:44 am By Samantha Hurst  |  

On Tuesday, Indiegogo announced its partner, Arrow Electronics, Inc. (NYSE: ARW), is set to offer eligible entrepreneurs $1 million in flash funding. The global crowdfunding platform revealed, starting this October, eligible campaign organizers will have a shot at part of Arrow’s million dollar prize. As previously reported, Indiegogo and… Read More

September 20, 2016 @ 11:12 am By Samantha Hurst  |  

Cloud Lending Solutions, Crowdnetic, and eOriginal announced on Tuesday the launch of their new collaborated turn-key solution, DigitalLEND. The companies revealed that the new solution allows lenders to move online quickly, and capture market share in the sector: “From online origination to connecting with banks… Read More

September 20, 2016 @ 9:41 am By Samantha Hurst  |  

Just a couple months after securing £695,680 from its equity crowdfunding campaign on Crowdcube, UK-based energy-saving light bulb manufacturer, Plumen announced the launch of its new lightbulb, “Plumen 003.” The company has created energy-saving lighting, using design and beauty to inspire adoption of sustainable lighting technology. Plumen reported that an estimated… Read More

September 20, 2016 @ 9:00 am By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced on Monday its new partnership with business coaching firm, ActionCOACH. Founded nearly 20 years ago, ActionCOACH has advised thousands of small businesses each week on how to find the best employees. Speaking about ActionCOACH’s partnership, Funding Circle’s National Partnerships Manager, Dan… Read More

September 20, 2016 @ 7:11 am By Erin Hobey  |  

Not surprisingly Kumpan‘s über cool e-scooter is on fire on Companisto.  Now entering its second week, the Tykesson brothers’ plan to bring more e-scooters to the autobahn and the rest of Europe will become a reality.  To date Kumpan’s Companisto campaign has garnered more than 368,485€ from over… Read More

September 20, 2016 @ 6:05 am By Erin Hobey  |  

BLender, the Israel-based P2P lending platform, announced the first milestone in its global expansion, opening new offices in Milan, Italy, and Vilnius, Lithuania to serve customers in Italy and the Baltic region. “Offering multi-national P2P lending has been our vision since BLender’s establishment,” BLender CEO… Read More

September 20, 2016 @ 5:23 am By Erin Hobey  |  

AvantCredit has received full authorization by the Financial Conduct Authority (FCA) which covers all credit and lending operations and includes permissions for credit broking, debt collection and debt administration, according to a release. Since launching in the UK in October 2013, AvantCredit has issued more than 70,000… Read More

September 19, 2016 @ 1:14 pm By Samantha Hurst  |  

On Monday, BNP Paribas Securities Service announced it is expanding its blockchain platform for private stocks as a way to help private companies issue mini-bonds through crowdfunding portals. The bank revealed it is teaming up with renewable energy crowdfunding specialists Lendosphere, Enerfip, and Lumo on this… Read More

September 19, 2016 @ 7:50 am By JD Alois  |  

Innovate Finance, an association for the global Fintech industry founded in 2014, has revealed that global venture capital in Fintech for the first half of 2016 is up significantly. According to their numbers, during the first 6 months of the year, global Fintech investment increased… Read More

September 19, 2016 @ 6:00 am By Amy Wan  |  

First off, don’t panic. We’re not talking about hacking into computer networks or anything. Legal hacking, or hacking the law, doesn’t involve anything surreptitious. From an organization standpoint, Legal Hackers is an organization originating from Brooklyn Law School and now a global movement with over… Read More

September 16, 2016 @ 1:50 pm By Samantha Hurst  |  

Finova Financial, a cloud and mobile-based consumer auto title lending platform, announced this week the launch of its car equity line of credit. According to the platform, this new line of credit is considered an alternative to the emergency cash lending marketplace, offering instant online pre-qualification,… Read More

September 16, 2016 @ 12:15 pm By Samantha Hurst  |  

This week, India-based peer-to-peer lending platform Faircent announced it appointed Shakti Goel as its new chief or product and technology. Goel has over 20 years of experience in leveraging technology-based solutions and is currently the technical advisor, and board member of DEWI Online. Other positions he has held… Read More

September 16, 2016 @ 11:35 am By Samantha Hurst  |  

Tesco, a British multinational grocery, and general merchandise retailer, has recently announced the launch of its new crowdfunding platform, Tesco BackIt. The funding portal is dedicated to small businesses that are in the food and drink industry. Sharing details about the Tesco BackIt, the company stated:… Read More

September 16, 2016 @ 9:53 am By JD Alois  |  

The JOBS Act of 2012 legalized three different variations of investment crowdfunding. Title III or Reg CF, allows for anyone to invest in smaller companies that are raising up to $1 million.  Title IV, or Reg A+, allows issuers to raise up to $50 million… Read More

September 16, 2016 @ 9:44 am By Samantha Hurst  |  

Earlier this week, RateSetter announced it has surpassed 100 million in car financing. and is considered the first peer-to-peer lending platform to lend the amount through motor partnerships. Sharing details about the new milestone, head of RateSetter Motor Finance, Nick Elkan, reportedly stated: “These are exciting… Read More

September 16, 2016 @ 8:42 am By Erin Hobey  |  

Crowdfund Insider has linked with the Hong Kong-based fintech accelerator SuperCharger as its media partner in time to cover round 2.0 of its accelerator program. SuperCharger’s strategic sponsors, including Standard Chartered Bank and Fidelity International, share the goal of instigating a more dynamic fintech market in Hong Kong. SuperCharger is… Read More

September 15, 2016 @ 5:17 pm By Samantha Hurst  |  

MoneyLion, the mobile personal finance platform, announced on Thursday it has closed its portfolio financing line with the Macquarie Group. The company revealed that the Macquarie funds, which are combined with existing facilities from institutional investors as well as equity capital from the FinTech Collective and other VCs, provide… Read More

September 15, 2016 @ 4:09 pm By Erin Hobey  |  

Financeit, a cloud-based point-of-sale financing platform, and Concentra, a wholesale finance and trust solutions provider for Canada’s credit unions, today announced the acquisition of TD Bank Group’s indirect home improvement financing assets, with a book value of approximately $339 million. As part of the agreement,… Read More