General News

September 13, 2016 @ 7:00 am By Erin Hobey  |  

Point, claiming the title as the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, announced today that it has raised $8.4 million in Series A funding led by Andreessen Horowitz which also led the company’s… Read More

September 13, 2016 @ 5:17 am By Erin Hobey  |  

British Business Bank Investments Ltd, the commercial arm of the British Business Bank, today announced an £18M investment in Blackburn and Manchester-based Praetura Asset Finance. The investment, comprising £15M of matched funding and an additional £3m of expansion capital, will support at least £36M of smaller… Read More

September 12, 2016 @ 6:17 pm By Samantha Hurst  |  

 OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Monday ten states are officially recognizing its premium markets for their “Blue Sky Manual Exemption” for secondary trading.  The new states, which are Alaska, Colorado, Mississippi, New Mexico and… Read More

September 12, 2016 @ 4:37 pm By Samantha Hurst  |  

On Monday, equity crowdfunding platform Crowdcube announced its #FundedClub members, POD Point and Adzuna, were featured in The Sunday Times’ Tech Track 100 list. This list searches for and recognizes the UK’s fastest growing private tech companies. POD Point turned to the crowdfunding method in… Read More

September 12, 2016 @ 3:01 pm By Samantha Hurst  |  

Last week, Adam Nimoy (son of Star Trek legend, Leonard Nimoy) released his Kickstarter-funded documentary For the Love of Spock. The film explores the incredible career and artistry of Leonard Nimoy. Back in Summer 2015, just a few months after Leonard’s passing, Adam took to the crowdfunding… Read More

September 12, 2016 @ 2:49 pm By Amy Wan and Jillian Sidoti  |  

As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite)…. Read More

September 12, 2016 @ 11:35 am By Samantha Hurst  |  

Moody’s Analytics, a subsidiary of Moody’s Corporation (NYSE:MCO), announced on Monday the launch of its new MARQ Portal. This tool automates the exchange of financial information between borrowers and lenders. It also generates the MARQ small business credit score. Moody’s Analytics revealed that small Business… Read More

September 12, 2016 @ 11:04 am By JD Alois  |  

WalletHub has published their Credit Card Debt Study that shows a dramatic increase in household indebtedness – specifically in credit card debt. According to the report, US consumers cranked up on credit during Q2 of 2016 generating $34.4 billion in debt. This is the largest Q2… Read More

September 12, 2016 @ 10:42 am By JD Alois  |  

Kuber Ventures has released a warning regarding “capacity constraints” in the Enterprise Investment Scheme (EIS) Market. EIS is a significant tax exemption encouraging investors to invest in earlier stage companies. The program is viewed as strategically important for the UK economy but also delivers powerful… Read More

September 11, 2016 @ 8:50 pm By JD Alois  |  

Finovate Fall 2016  took place in New York City last week. The program is a rapid fire of smaller Fintech firms or tech firms that see opportunity in the financial services sector.  Participation is global and the concepts pretty much span the spectrum of services… Read More

September 10, 2016 @ 5:32 pm By JD Alois  |  

Foreshadowing the inevitability for all forms of finance moving online, Moody’s has published a report stating the Residential Mortgage Backed Securities (RMBS) will soon be issued by marketplace lending platforms. They also believe that current regulatory and securitization frameworks will reduce additional risk with RMBS… Read More

September 9, 2016 @ 2:49 pm By Samantha Hurst  |  

Less than two weeks after release Kickstarter-funded album, And the Anonymous Nobody, De La Soul’s highly anticipated record has already hit number one on Billboard’s Top Rap Albums (dated September 17th). According to Billboard, the album already leads the chart with 21,000 copies sold last week. The media outlet also… Read More

September 9, 2016 @ 12:09 pm By Samantha Hurst  |  

Eric Daniels, the former CEO of Lloyds Banking Group, recently announced he has officially joined the board of UK-based peer-to-peer lending platform, Funding Circle. Daniels, who departed from Lloyds in 2011, reportedly stated his new role will allow him to take part in the “sea change”… Read More

September 9, 2016 @ 11:15 am By Samantha Hurst  |  

On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

September 9, 2016 @ 9:30 am By Samantha Hurst  |  

Food giant, General Mills, announced on Thursday in honor of its Box Tops For Education’s 20th birthday, it will be rolling out a new crowdfunding-type tool, Clip Board, which allows the program’s volunteer coordinators to conduct online collection drives that showcase what their clips are… Read More

September 9, 2016 @ 8:49 am By Samantha Hurst  |  

On Thursday, the team of the Kickstarter project, Bloodstained: Ritual of the Night, announced the highly anticipated video game was officially going to debut in 2018 instead of its initial 2017 release. As previously reported, Bloodstained is described as a 2D exploration-focused, side-scrolling platformer that features RPG and crafting elements. Inside… Read More

September 8, 2016 @ 5:03 pm By Samantha Hurst  |  

London-based healthy food delivery startup Pronto reportedly shut down after running out of funds. The company took to Seedrs in May and secured £838,620 to expand its delivery area to cover the central part of the city and although it recently announced its partnership with Starship… Read More

September 8, 2016 @ 1:32 pm By Samantha Hurst  |  

White-label digital banking platform provider, Urban FT, announced on Thursday it has launched its management portal, which will enable financial institutes the ability to create custom digital programs. The company reports the companies can build the programs within just hours and then after deployment the… Read More

September 8, 2016 @ 12:17 pm By Samantha Hurst  |  

On Thursday, Qumram, a global provider of digital interaction audit solutions for the financial services industry, has been selected by global asset managing company Russell Investments, to provide compliant digital record-keeping. Qumram stated because client demand for digital communication and transaction has increased, so has compliance risk. It will… Read More

September 8, 2016 @ 11:09 am By Samantha Hurst  |  

On Thursday, Indiegogo and Hasbro announced Shark Tank star, Daymond John will be a guest judge for the Fall 2016 Gaming Challenge, now open to game designers in the U.S., U.K., Canada (excluding Quebec), France and Germany. The new contest notably offers independent game designers a prominent… Read More