General News

August 26, 2016 @ 4:25 pm By Samantha Hurst  |  

This week, Indiegogo co-founder Slava Rubin was announced as a keynote speaker for the upcoming Global Crowdfunding Convention (GCC), which is set to be held October 15-17th at the Planet Hollywood Resort & Casino in Las Vegas. GCC organizers predict that more than 1200 participants will… Read More

August 26, 2016 @ 3:59 pm By Samantha Hurst  |  

On Thursday, Pfizer announced Arizona startup, Alchemi Labs, was dubbed winner of its Get Old contest. Earlier this summer, the pharmaceutical giant announced it was teaming up with Indiegogo to launch the initiative, which highlights innovations that can make life “better” as people age. The “best of the… Read More

August 26, 2016 @ 11:34 am By Samantha Hurst  |  

On Friday, peer-to-peer lender Zopa released its 2015 annual report and financial statements. The numbers revealed that despite loans disbursals more than doubled, rising from £265 million disbursed in 2014 to £532 million, and revenues for the year increased £11.5 million in 2014 to £20.6 million,… Read More

August 26, 2016 @ 10:12 am By JD Alois  |  

The Marketplace Lending Association has hired an Executive Director who has spent the past few years advocating on behalf of very big banks. Nat Hoopes, formerly the Executive Director of the Financial Services Forum, will now be working the halls of Congress on behalf of… Read More

August 25, 2016 @ 4:31 pm By Samantha Hurst  |  

Zack “Danger” Brown, the creator of the 2014 Potato Salad Kickstarter, announced last week his cookbook, The Peace, Love & Potato Salad Cookbook, is now being shipped to backers. In July, Brown stated the cookbook, which was co-written with Teresa Blackburn, was created for those who pitched in… Read More

August 25, 2016 @ 3:41 pm By JD Alois  |  

Publishing on the pages of American Banker, Todd Baker has written off the entire industry of marketplace lending. Baker states, “it should be obvious now that marketplace lending is unsustainable.” A pretty strong statement for a sector of alternative finance that has, until recently, experienced… Read More

August 25, 2016 @ 2:09 pm By Samantha Hurst  |  

It’s official – Mondo has a new name! The company announced on Thursday during a live video presentation that after months of customer voting, it is now to be called, Monzo! The now formerly known as Mondo crew confirmed earlier this summer that they were… Read More

August 25, 2016 @ 1:55 pm By Samantha Hurst  |  

On Thursday, Con Man: The Game officially made its debut on iTunes and Google Play. The new smartphone app game is part of the hit series Con-Man, which was funded last year on Indiegogo. The game’s description reads: “Have you ever tried to run your own comic book convention?… Read More

August 25, 2016 @ 1:01 pm By Samantha Hurst  |  

On Thursday, UK-based peer-to-peer lender, Lending Works, took to its blog to reveal the status of UK’s economy since voters made the Brexit decision, to depart from the European Union (EU),  just two months ago (June 23rd). The lender stated: “Depending which newspaper you’re inclined to… Read More

August 25, 2016 @ 12:44 pm By Erin Hobey  |  

UBS and Clearmatics have  joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More

August 25, 2016 @ 11:50 am By Erin Hobey  |  

Indian SME lender Lendingkart announced new hires plucked from Amazon and PayU India, reported Pymnts.com. Vishal Chopra, a former Amazon India exec, will join Lendingkart’s team as CRO, while Nihit Nirmal, formerly of PayU India, will join as SVP of products. “Lendingkart Group NBFC has emerged as… Read More

August 25, 2016 @ 10:34 am By Samantha Hurst  |  

Following the Airlander 10 crash landing during its second test flight yesterday, Hybrid Air Vehicles announced what happened to the aircraft just before it made that rough ground contact. The wing-shaped aircraft is notably able to fly for up to five days at a time if… Read More

August 25, 2016 @ 9:53 am By Samantha Hurst  |  

Worldwide technology company and Indiegogo partner, Arrow Electronics, Inc. (NYSE: ARW), announced on Thursday the launch of its new crowdfund-to-production service. This new service reportedly aims at accelerating the pace of innovation for technology and internet of things (IoT) entrepreneurs. Those interest in applying for an… Read More

August 24, 2016 @ 5:28 pm By Samantha Hurst  |  

Mumbai-based non-banking financial company, InCred Finance, announced on Monday it secured Rs 500 crore ($75 million) during its funding round, which was led by Anshu Jain, the former co-CEO of Deutsche Bank, with participation from angel investors and private equity firms. According to Business Standard, Jain invested… Read More

August 24, 2016 @ 5:02 pm By JD Alois  |  

Orchard Platform, the nexus of institutional money and online lenders, is out with their Q2 2016 report and it is pretty dismal. Consumer unsecured quarterly originations declined by 34.3% versus Q1 of this year.  Comparing Q2 with the same period in 2015, loan originations dipped… Read More

August 24, 2016 @ 2:17 pm By Samantha Hurst  |  

On Wednesday, global crowdfunding platform Indiegogo offered some key advice to campaign organizers about the importance of communication, especially after the initiative successfully secure funds and close. The Indiegogo team revealed that while campaign is finished, the most important thing for organizers to do is… Read More

August 24, 2016 @ 10:54 am By Samantha Hurst  |  

Just one week after its exciting and highly anticipated first flight, Hybrid Air Vehicles’ Airlander 10 experienced an issue and crashed during the final minutes of its second test flight on Wednesday. Airlander 10 is a wing-shaped aircraft that can fly for up to five… Read More

August 24, 2016 @ 9:08 am By JD Alois  |  

Peter Renton, founder of LendIt and online lending industry advocate, has take to the pages of Lend Academy to defend Lending Club (NYSE:LC) following a critical article by BloombergBusinessweek. The Bloomberg article, co-authored by Max Chafkin and Noah Buhayar, hammered Lending Club by questioning the… Read More

August 23, 2016 @ 10:47 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA), along with the help of Crowdnetic, has added some detail to the first 3 months of Reg CF / Title III retail crowdfunding.  CCA describes the progress as a “healthy start”.  Reg CF, a securities exemption that lets small issuers raise… Read More

August 23, 2016 @ 4:26 pm By Samantha Hurst  |  

Crowdcube #FundedClub member, LUMO, is set to return to crowdfunding platform Kickstarter to raise funds for three new products next month. The company took to its Twitter account to announced the big news on Tuesday. The countdown is on. New things coming your way on… Read More