General News

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

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