General News

August 16, 2016 @ 10:45 am By Erin Hobey  |  

SocietyOne chief executive Jason Yetton, a former senior Westpac banker newly hired in March, shared some exciting updates with the Sydney Morning Herald: since the beginning of 2016, the Australian P2P lender has arranged AUS$50 million in personal loans on its online platform, nearly double the AUS$26 million of new lending in the December half of… Read More

August 16, 2016 @ 10:20 am By Erin Hobey  |  

The South Korean commercial bank Woori Bank Co. has partnered with the Vietnam-based mobile banking service provider M-Service, according to Pulse News, aiming to strengthen its presence in the Southeast Asian financial market.  Woori Bank has opened over 200 global financial service outlets, with two offices already in Vietnam, in… Read More

August 16, 2016 @ 9:39 am By Samantha Hurst  |  

Premiere fintech company, Bizfi, announced on Tuesday an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016, which totals more than $144 million, compared to $116 million in 2015’s second quarter. Bizfi also reportedly reached its $1.8 billion lending mark to more… Read More

August 15, 2016 @ 4:24 pm By Samantha Hurst  |  

Assetz Capital announced on Monday it received a 5 Star Rating from Defaqto in the independent financial information business’ first “Loan Based Crowdfunding” analysis. The UK-based lender is considered one of only four peer-to-peer finance platforms to have achieved the highest rating awarded by Defaqto. According to Assetz… Read More

August 15, 2016 @ 3:48 pm By Samantha Hurst  |  

On Monday, Kickstarter announced it formed a partnership with learning community Skillshare to create a list of classes taught by creators across the crowdfunding platform’s 15 categories.  The crowdfunding platform gave a few examples of classes, which are listed below. 1. Strategic Storytelling: Building Community… Read More

August 15, 2016 @ 3:41 pm By Samantha Hurst  |  

On Monday, international investment crowdfunding platform FundedByMe announced Pontus Frohde has decided to step down from his position as COO to pursue other career opportunities. Frohde first joined the funding platform’s team in April 2013 and will remain active within the company until the end of November… Read More

August 15, 2016 @ 2:23 pm By Samantha Hurst  |  

Last week, Seedrs success Storesmates announced it was accepted MassChallenge’s 2016 startup accelerator program. A total of 835 MassChallenge alumni startups reportedly raised over £1 billion in funding and created over 50,000 jobs. The early-stage startups coming to MassChallenge UK are chosen based on their impact… Read More

August 15, 2016 @ 11:35 am By Samantha Hurst  |  

Over the weekend, Crowdcube #FundedClub member Hybrid Air Vehicle announced the Airlander 10’s maiden voyage was officially canceled due to a reported technical issue. The situation happened just a few days after the aircraft completed its first hangar exit.  Airlander 10 is described as a wing-shaped aircraft… Read More

August 15, 2016 @ 10:30 am By Samantha Hurst  |  

Just a couple months after GoHenry captured nearly £4 million through its Crowdcube initiative, CEO of the digital bank solution, Alex Zivoder, shared details about the epic campaign and the company’s future. As previously reported, goHenry is an application and pre-paid debit card that is designed… Read More

August 14, 2016 @ 6:41 pm By JD Alois  |  

Heather Cox was named head of Citi Fintech in October 2015.  After less than a year of attempting to guide one of the largest banks in the world through the Fintech revolution, it appears that Cox has had enough and has moved on to USAA…. Read More

August 13, 2016 @ 9:30 am By Samantha Hurst  |  

Just three days before its self-running campaign is set to close, Crowdcube announced the initiative is considered the largest raise on a UK crowdfunding platform. The company launched its highly anticipated campaign last month and within the first 24 hours, the platform raised over £6 million… Read More

August 12, 2016 @ 4:13 pm By Samantha Hurst  |  

On Friday, GoFundMe announced four athletes who raised funds on its crowdfunding platform won medals at the 2016 Summer Olympics in Rio. The athletes were: Caeleb Dressel, USA: Gold in 4×100 freestyle relay Chase Kalisz, USA: Silver in the 400 IM David Plummer, USA: Bronze… Read More

August 12, 2016 @ 1:55 pm By Samantha Hurst  |  

On Friday, Elio Motors, Inc. (OTCQX: ELIO) announced on Friday that it had locked the price of $7,300 for the base model of its highly anticipated three-wheel vehicle. While sharing details about the new price, founder and CEO, Paul Elio, revealed Elio Motors was inspired by Volkswagen’s… Read More

August 12, 2016 @ 10:34 am By Samantha Hurst  |  

On Friday, Mizuho Bank and Fujitsu announced they have teamed up for a fintech field trial that is aiming to provide electronic invoice and payment, along with automated accounts receivable reconciliation services that use electronic invoicing and financial EDI. This trial is part of an agreement,… Read More

August 12, 2016 @ 8:34 am By Bret Conkin  |  

So you want to start a Crowdfunding Portal…. Crowdfunding and Fintech in general are demonstrating dramatic growth due to many factors including the growth of the sharing economy, technology innovations and the liberalization of securities regulations in the US and Canada. A sure indicator of… Read More

August 11, 2016 @ 4:23 pm By Samantha Hurst  |  

Exciting news, Mondo investors! The Crowdcube #FundedClub member announced it has officially become a licensed bank and is now regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Mondo team shared details about its launch, which can be found below. “We started Mondo… Read More

August 11, 2016 @ 1:15 pm By Samantha Hurst  |  

On Thursday, organizers of the Growth Investor Awards announced UK-based crowdfunding platforms, Seedrs, Crowdcube, and SyndicateRoom have been named finalists of the 2016 Best Investment Platform. The Growth Investor Awards notably celebrates the role of the UK SME fund management community in both job and wealth… Read More

August 11, 2016 @ 11:51 am By Erin Hobey  |  

NALIA Systems has created a point-of-care, lab-grade diagnostics array that delivers results in 20 minutes which  gives doctors the in-house tools required to diagnose certain diseases from within their surgery. Although still in prototype mode, a first customer has already been secured. In addition to this potentially disruptive technology, NALIA… Read More

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

Beer: uniting the crowd! Campaign and campaign, beer has brewed up millions from global investors. In the first 12 hours of the Wellington-based craft brewers ParrotDog  equity crowdfunding campaign on PledgeMe raised their minimum goal of NZ$1,200,000. Within the day, the brewers raised more than NZ$1.73M… Read More

August 11, 2016 @ 11:03 am By Samantha Hurst  |  

On Thursday, online lender to SMEs, OnDeck (NYSE: ONDK), announced it had appointed Gagan Kanjlia as Senior Vice President of Product. Before joining OnDeck, Kanjlia worked for Capital One, where he co-founded the Capital One Garage, a corporate internal incubator for Capital One Financial Services.  Kanjlia,… Read More