General News

September 6, 2016 @ 3:57 am By Erin Hobey  |  

The Hong Kong Monetary Authority (HKMA) has unveiled a series of policy initiatives for banks to embrace technology, and changed the city’s tax regime to attract corporate treasury departments, as it sharpens its edge to compete with Singapore and Tokyo as Asia’s financial centre, reported… Read More

September 6, 2016 @ 3:35 am By Erin Hobey  |  

In order to accelerate growth, the Irish P2P lending platform Linked Finance — Ireland’s first — has moved from a model where lenders “bid” the interest rate they would offer to a company seeking funds, to one where a fixed-rate is set at the beginning… Read More

September 6, 2016 @ 3:08 am By Erin Hobey  |  

The UK innovation agency Nesta is planning a “multi-million pound” challenge prize programme aimed at encouraging fintech startups to build data-driven comparison tools to support small businesses in selecting financial products and services.The two-year programme is closely allied to a regulatory agenda aimed at enhancing… Read More

September 5, 2016 @ 8:52 am By Samantha Hurst  |  

Last month, Crowdcube success and fashion brand, ILoveGorgeous, announced it has officially launched its first ever boys collection. Earlier this spring, the company debuted its campaign on the equity crowdfunding platform seeking £300,000 for the line. During its initiative’s run, the brand raised nearly £700,000… Read More

September 5, 2016 @ 8:11 am By Samantha Hurst  |  

Singapore-based crowdfunding platform CoAssets announced on Monday it has officially listed on the Australian Securities Exchange Ltd (ASX). This news comes after the funding portal raised  S$6.72 million (A$6.55 million)1 under its Public Offer at an issue price of S$0.41 (A$0.40) per share. The company revealed… Read More

September 3, 2016 @ 3:40 pm By JD Alois  |  

Agency 2.0 was one of the very first marketing agencies in the rewards-based crowdfunding sector to get it right. Their participation in a campaign on either Indiegogo or Kickstarter almost guarantees success.  The years of honing their technique and perfecting their strategic approach to raising… Read More

September 2, 2016 @ 3:37 pm By JD Alois  |  

Chicago-based RiverNorth Marketplace Lending Corporation is poised to launch a fund that will be investing in marketplace lending assets under the 40s Act as a non-listed closed end fund. According to a recent filing with the SEC, the fund anticipates that its investments will originate… Read More

September 2, 2016 @ 3:12 pm By Samantha Hurst  |  

Earlier this week, Seedrs success Fiddlesticks released its award-winning video game Hue on Steam, Xbox One, PS4, and PlayStation Vita. The game is described as a vibrant puzzle adventure where players alter the world by changing its background color.  “You explore a dangerous grey land, unearthing… Read More

September 2, 2016 @ 10:11 am By Samantha Hurst  |  

Earlier this week, India-based lending platform Loadtap announced it secured $3 million during its Series A funding round, which was led by HNIs, Dr. Abhishek, and Jaysukh Sapra. LoanTap was launched earlier this year and is headquartered in Mumbai with an office in Pune. Its co-founders, Satyam Kumar… Read More

September 2, 2016 @ 4:26 am By Erin Hobey  |  

Cringle, a smartphone app used to send money quickly within Europe, is continuing to rally on Companisto.  To date, the fintech app has garnered over 459,010€ from nearly 1000 investors for 8.89% share offered.  The startup’s original funding goal was 400K€, which was surpassed and the campaign was extended to close in… Read More

September 2, 2016 @ 3:13 am By Erin Hobey  |  

In a decision filed in the U.S. District Court for the Central District of California, U.S. District Judge John Walter ruled in favor of the Consumer Financial Protection Bureau when he determined that the Californian online loan platform CashCall Inc. was the “true lender” behind the transactions… Read More

September 2, 2016 @ 2:29 am By Erin Hobey  |  

Delhi-based One97 Communications, which runs mobile payment and ecommerce platform Paytm, has received Rs 400 crore ($60 million) from Taiwanese semiconductor maker MediaTek’s Mountain Capital Fund, reported the India Times.  The deal, which was ratified by the board of directors earlier this week, more than doubles Paytm’s… Read More

September 1, 2016 @ 4:00 pm By JD Alois  |  

Having just gotten around to reading the order granting the motion to dismiss in the proceedings of the State of Florida vs. Michell Abner Espinoza, the document by Circuit Court Judge Teresa Pooler, is pretty interesting.  The case regarding Espinoza has been in the news… Read More

September 1, 2016 @ 1:29 pm By Samantha Hurst  |  

On Thursday, Crowdfund UK announced it was teaming up with Nesta, Heritage Lottery Fund and Arts Council England to distribute 250,000 towards arts and heritage campaigns as part of a new crowdfunding program.  According to the UK-based funding portal, the program will give a series of specially-selected… Read More

September 1, 2016 @ 11:45 am By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Zopa announced it was making changes to its lending rates. This news comes after the Bank of England made the decision to cut interest rates. At the time of the interest cuts, The Monetary Policy Committee (MPC) released the following statement:… Read More

September 1, 2016 @ 10:39 am By Samantha Hurst  |  

Criquet Shirts, a clothing brand, announced on Thursday it raised $1.4 million during its Series A funding round, which was led by CircleUp through its Consumer Growth Fund and Market Index Fund II.  The Austin, Texas-based fashion brand offers apparel for both men and boys. Its Players Shirt… Read More

September 1, 2016 @ 10:33 am By Samantha Hurst  |  

Groundfloor, a real estate lending marketplace open to non-accredited investors, announced on Thursday it is expanding into 12 additional states. This news comes just one year after the platform qualified under Regulation A+. The lending website is currently available in 23 states, and the new states are Rhode Island,… Read More

September 1, 2016 @ 9:42 am By JD Alois  |  

The 5th annual European Crowdfunding Network (ECN) convention is scheduled to take place in Paris this fall and ECN has set high expectations regarding the diverse range of topics to be covered. Oliver Gajda, ECN Executive Director, labeled the gathering a must attend event as… Read More

September 1, 2016 @ 3:27 am By Erin Hobey  |  

Currencycloud, an international payments engine, announced a new partnership with Arkéa Banking Services, a subsidiary of Credit Mutuel Arkéa. Through the partnership, Currencycloud will offer Euro bank accounts to its clients as well as have direct access to European payments systems, according to the release. Currencycloud’s clients will… Read More

September 1, 2016 @ 2:57 am By Erin Hobey  |  

Peak Design looks to the crowd to surpass $4.3 million (or better, $5M!) for its Everyday Backpack line during its final 8 days on Kickstarter, swiftly passing its modest goal of $500,000 for line’s four new bags. Within hours, the California-based initiative not only successfully secured its initial goal but nabbed over… Read More