General News

September 15, 2016 @ 3:46 pm By Samantha Hurst  |  

On Thursday, San Francisco fintech company, Ripple, announced it raised $55 million during its recent Series B Funding round. The company revealed new investors Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank, and SBI Holdings contributed to the round along with… Read More

September 15, 2016 @ 3:11 pm By Samantha Hurst  |  

Following the shut down of SCiO’s Kickstarter page, a Consumer Physics’ representative revealed the page wasn’t removed due to an intellectual property dispute, despite the information stated on the website. As previously reported, SCiO was described as “the world’s first affordable molecular sensor that fits in the palm… Read More

September 15, 2016 @ 12:21 pm By Samantha Hurst  |  

Crowdcube success, Savvy Foods, has appointed one of its investors, Ashif Manjothi, as a new chairman of its board. Launched in 2013 by Jonathan Drury and Katie Owens, Savvy Foods is described as a delicious and nutritious food source, designed as the perfect breakfast and snacking food… Read More

September 15, 2016 @ 11:03 am By Samantha Hurst  |  

With Super Troopers 2 officially back into production, the cast of the highly anticipated comedy welcomed Rob Lowe to their hilarious roster. Variety revealed Lowe will play the role of Guy Le Franc, a former hockey player and the current mayor of a Canadian town near Quebec…. Read More

September 15, 2016 @ 8:34 am By Erin Hobey  |  

In just a few days since launching, the UK independent film produced by ItchyFishFilm has secured over £342,000 toward its £640,000 goal to support production for the film. £305,000 has been fronted by the film’s lead investor group Ken Anderson, Chairman of Bolton Wanderers FC; ItchyFishFilm will seek… Read More

September 15, 2016 @ 8:00 am By Erin Hobey  |  

 Team “Utility Settlement Coin,” comprised of UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon, has issued a brief update about its use blockchain technology to allow financial markets to complete financial transactions more quickly and smoothly.  In late August,  UBS Head of Strategic Investment & Fintech Innovation Hyder Jaffrey… Read More

September 15, 2016 @ 5:04 am By Erin Hobey  |  

The Gurgaon, India-based online payment service provider PayU has acquired its rival online payment gateway Citrus Pay. The deal was closed at $130M, making it by far the largest M&A cash deal in Indian fintech.Post completion, CitrusPay will be wholly owned by Naspers. Amrish Rau, an Citrus Pay MD, will become PayU India’s… Read More

September 14, 2016 @ 4:35 pm By Samantha Hurst  |  

On Wednesday, crowdfunding portal Kickstarter announced it was heading across the Atlantic for this year’s London Design Festival, which will be held on September 17th-25th. The citywide celebration features a range of designers who have brought their projects to Kickstarter. The funding platform declared: “Whether… Read More

September 14, 2016 @ 2:49 pm By Samantha Hurst  |  

Acquire Real Estate, a commercial real estate crowdfunding platform, announced on Wednesday it completed its fully automated secondary market exchange between two of its real estate investors.   According to the funding platform, investors relied on its patent pending Investor Exchange, which now facilitates a… Read More

September 14, 2016 @ 1:56 pm By Samantha Hurst  |  

This week, Digitzs, a modern and disruptive global payments API, was named number one on CNBC’s Top 50 Crowdfinance Index, powered by Crowdnetic, with over $7 Million in commitments. The Index notably tracks real-time capital commitments received by the top 50 private U.S. companies through securities-based crowdfunding sites…. Read More

September 14, 2016 @ 12:41 pm By Samantha Hurst  |  

On Wednesday, UK-based fintech company, Ebury, announced its customer base has increased by 50% in the past year and saw its lending volumes more than double. The company reports that this rapid growth was fueled by its partnership with Avoka, a digital customer acquisition for… Read More

September 14, 2016 @ 10:19 am By Samantha Hurst  |  

On Tuesday, Crowdcube #FundedClub member Sugru announced it is set to hit a new milestone very soon. The company reports nearly 10 million single packs of its moldable glue. This announcement comes just after Sugru launched its new website. The Sugru team revealed: “We’re about… Read More

September 14, 2016 @ 9:18 am By Samantha Hurst  |  

Earlier this week, Revolut announced that more than 3,000 companies have signed up for its soon-to-launch business program, Revolut for Business.  Revolut allows individuals the ability to pay or transfer foreign currencies at the “best rate” with no hidden fees (something frequently associated with old… Read More

September 14, 2016 @ 7:00 am By Erin Hobey  |  

LendKey, a fintech company which provides institutional investors, banks, credit unions, affiliates, and borrowers with “access, efficiency, and speed” within the lending ecosystem, today released an inaugural industry-specific report entitled Positive Signal for Private Student Loans. In April the New York and Cincinnati based platform surpassed the billion-dollar mark in… Read More

September 13, 2016 @ 10:27 pm By JD Alois  |  

Small business loan approval rates at larger banks, institutions with $10 billion or more in assets,  bounced back in August, according to the most recent Biz2Credit Small Business Lending Index. Further, approval percentages at institutional lenders hit a new Index high. Meanwhile, approval rates at small… Read More

September 13, 2016 @ 5:22 pm By Samantha Hurst  |  

Last week,  founders of Africa Courier Express (ACE), Tunde Kehinde and Ercin Eksin, announced the launch of a new financial services platform called Lidya. The portal was notably founded to improve access to credit and finance across the African continent and for Africans living in the… Read More

September 13, 2016 @ 4:02 pm By Samantha Hurst  |  

WeLab, a Hong Kong-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit facility, WeLab… Read More

September 13, 2016 @ 12:07 pm By Samantha Hurst  |  

Sourcery, a California-based digital payments and commerce platform that focuses on the accounts payable within the food and hospitality industry, announced on Tuesday it has successfully secured $5 million during its latest venture round, which was led by Marker LLC with Steadfast Capital and existing investors…. Read More

September 13, 2016 @ 8:30 am By Erin Hobey  |  

The Small Business Growth Survey, which surveyed small businesses from around the country, was conducted by Bizfi, a fintech company with a platform that combines aggregation, funding and a marketplace for small businesses. The purpose of this survey was to gain insight into what small businesses… Read More

September 13, 2016 @ 8:21 am By Erin Hobey  |  

While Peak Design may have officially closed its most recent rockin’ Kickstarter campaign which raised for its Everyday Backpack Collection.  Founded by Peter Dering, Peak Design is still offering the Everyday Backpack (in 20L and 30L), Everyday Sling, and Everyday Tote, but now on Indiegogo’s InDemand. Funded to the… Read More