General News

September 22, 2016 @ 6:31 am By Erin Hobey  |  

Invest Hong Kong (InvestHK) announced that Hong Kong will play host to the first Hong Kong Fintech Week in early November, part of a new drive to position the city as the premier center in Asia for fintech companies and startups looking to grow their… Read More

September 22, 2016 @ 5:27 am By Erin Hobey  |  

P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More

September 22, 2016 @ 3:58 am By Erin Hobey  |  

Thailand decided to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year, according to a release. The sandbox will enable developers working on lending, payment and money-transfer services and products to experiment for up to a year. An… Read More

September 21, 2016 @ 4:09 pm By JD Alois  |  

OTC Markets Group has launched a new service. The operator of financial markets has released an online equity research hub.  This new feature was created in collaboration with ACF Equity Research, Edison and Sidoti & Company. The research is available on otcmarkets.com and is described… Read More

September 21, 2016 @ 3:51 pm By Samantha Hurst  |  

On Wednesday, Broken Lizard, the production studio behind the anticipated comedy Super Troopers 2,  announced Hayes MacArthur, Tyler Labine, and Will Sasso has joined the Indiegogo-funded film’s cast. This news comes just days after Rob Lowe and Emmanuelle Chriqui were named as castmates. While the film’s plot is… Read More

September 21, 2016 @ 10:51 am By Samantha Hurst  |  

On Wednesday, Indiegogo announced it now supports Apple Pay on the web. Backers may use Apple Pay in the Safari web browser on iPhone, iPad, and Mac to back campaigns on the global crowdfunding platform. This news comes nearly two years after Indiegogo incorporated the… Read More

September 21, 2016 @ 9:49 am By Samantha Hurst  |  

Small business lending platform Lendio announced on Wednesday it formed a partnership with Supplier Success, LLC to provide minority and women business owners access to transparent lending rates and respectful business practices. The Detroit-based company is notably focused on providing working capital solutions and helping to improve minority and… Read More

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