General News

August 23, 2016 @ 4:00 pm By Erin Hobey  |  

Before founding Kabbage, Rob Frohwein established, led and advised a number of successful businesses, including LAVA Group, U.S. Micro Corporation and Surgical Biologics. Additionally, he served in business development and legal capacities for ZapMedia and Security First Network Bank. The Villanova law and undergrad alum… Read More

August 23, 2016 @ 12:05 pm By Erin Hobey  |  

Bank of Japan Governor Haruhiko Kuroda said the central bank may finally apply fintech to its future operations  given its growing influence on global payments, settlements and financial services, reported Reuters. Signaling that the BOJ is ready to initiate research to promote Japanese fintech given it has “various… Read More

August 23, 2016 @ 11:48 am By Samantha Hurst  |  

Online lender to SMEs, OnDeck (NYSE: ONDK) announced on Tuesday the launch of its initiative that’s dedicated to helping small business owners with time management. According to the lender, this initiative is considered the first of its kind and is in response to its latest… Read More

August 23, 2016 @ 11:24 am By Erin Hobey  |  

Financeit today announced the launch of Financeit Direct, a direct-to-consumer financing platform. available 24/7 from any location on any device. Aiming to streamline point-of-sale financing which has traditionally been a complicated and paperwork-heavy process only accessible to large merchants, Financeit Direct is mobile-enabled and fully paperless…. Read More

August 23, 2016 @ 11:09 am By Erin Hobey  |  

LendUp has secured a $47.5M round to grow its L Card, a credit card touting no hidden fees and a flexible payback schedule;  the round was led by Y Combinator Continuity and joined by GV (Google Ventures rebranded), Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle… Read More

August 23, 2016 @ 10:43 am By Samantha Hurst  |  

On Monday, Innovation Birmingham announced it formed a strategic partnership with equity crowdfunding platform Crowdcube as a way to encourage successful fundraising efforts for startups and early stage businesses. This announcement comes just after the completion of Innovation Birmingham’s iCentrum building and the launch of Serendip… Read More

August 23, 2016 @ 10:01 am By Samantha Hurst  |  

Last week, loanDepot announced the closing of its $150 million capital transaction. The online lender revealed it plans to use the funds to continue investments in technology and product development. Sharing details about the transaction, Anthony Hsieh, chairman and CEO at loanDepot, stated: “Capital investment in consumer lending and in the mortgage industry… Read More

August 23, 2016 @ 9:16 am By Samantha Hurst  |  

Real estate crowdfunding platform iFunding announced on Tuesday it raised $1.95 million in preferred equity for a student housing apartment community which is located in Gainesville, Florida. The investment is being made just as the more than 600 bedroom property prepares to open for occupancy. Sharing details… Read More

August 22, 2016 @ 12:49 pm By Samantha Hurst  |  

Equity crowdfunding platform Invesdor announced this week that the first annual Helsinki Blockchain Conference is set to be held on August 26th at Microsoft Flux. The funding portal shared the event’s description, which reads: “We are delighted to invite you to Helsinki Blockchain Conference 2016,… Read More

August 22, 2016 @ 12:06 pm By Samantha Hurst  |  

Real estate crowdfunding platform, RealtyMogul.com, announced on Monday it has appointed Sameer Shamsuddin as chief technology officer and Niall Weintraub as vice president of marketing. Both hires are part of the new wave of talent that it joining the funding platform’s Los Angeles office this month. RealtyMogul.com… Read More

August 22, 2016 @ 10:54 am By Samantha Hurst  |  

On Monday, Kickfurther announced inventory financing on its website has surpassed $10.2 million for 288 product companies, and reportedly earned an average greater than 2% consignment profit per month on completed Consignment Opportunities.   Kickfurther co-founder and CEO, Sean De Clercq, stated: “It’s rewarding for our entire… Read More

August 22, 2016 @ 9:26 am By Samantha Hurst  |  

Last week, Crowdfunder sat down with CEO of Digitzs, Laura Wagner, to discuss her and her team’s recent crowdfunding success along with key advice for startups. Earlier this year, Digitzs took to the equity funding platform to raise funds with Shark Tank alum, Kevin Harrington. During its funding… Read More

August 20, 2016 @ 7:19 pm By JD Alois  |  

The case of the Ascenergy crowdfunding fraud came to light just as Reg CF or Title III crowdfunding rules were announced to the public in October of 2015.   Ascenergy, an aspiring oil and gas operation, had raised about $5 million from approximately 90 investors,… Read More

August 20, 2016 @ 11:19 am By Samantha Hurst  |  

This week, Kickstarter announced the launch of its new prototype gallery feature. The crowdfunding platform revealed its design and technology creators are now able to share their earliest sketches and latest prototypes, trace the evolution of their ideas and the iterative process behind bringing their projects… Read More

August 20, 2016 @ 9:28 am By JD Alois  |  

The Federal Trade Commission (FTC) recently announced their next Fintech Forum.  The next event will take place on October 26th at the FTC HQ in Washington, DC. This is a free event and is open to the public.  The first event addressed Marketplace Lending and… Read More

August 19, 2016 @ 3:57 pm By Samantha Hurst  |  

Elan Lee, co-creator of the highly addicting card game Exploding Kittens and former chief design officer of Xbox, announced this week that he is currently working on a new kind of crowdfunding project. He decided to start backing various projects just to write about what they do, what kind… Read More

August 19, 2016 @ 2:07 pm By JD Alois  |  

The youngest financial regulatory agency of them all, the Consumer and Financial Protection Bureau (CFPB), has announced its new Advisory Board and Council Members. The CFPB, established under Dodd-Frank, was mandated to create these advisory boards and councils. While the various groups were represented by many… Read More

August 19, 2016 @ 11:36 am By Samantha Hurst  |  

Earlier this month, property-innovation accelerator Pi Labs announced it formed a partnership with Bosa Venture to grant PropTech startups in the UK access to £100,000 in funding. The accelerator revealed: “Bosa Properties is one of largest luxury real estate development companies in North America with… Read More

August 19, 2016 @ 11:15 am By Erin Hobey  |  

Rakuten, Inc. announced the opening of the Rakuten Blockchain Lab (R.B.L.) in Belfast, Northern Ireland, UK, planned for August 22, 2016 on its website and blog. R.B.L. will be a dedicated research and development organization within Rakuten, focused on blockchain technology and its potential applications in… Read More

August 19, 2016 @ 10:52 am By Erin Hobey  |  

Financial regulation alterations are underway in order to ensure that electronic payments can be facilitated in Singapore making good on the city-state’s promise that this region is dedicated to becoming a fintech center, according to a release. The Monetary Authority of Singapore (MAS) intends to streamline existing its… Read More