General News

August 5, 2016 @ 8:39 am By JD Alois  |  

FINRA is investigating the utilization of Business Development Companies, commonly referred to as BDCs.  While BDCs may trade on an exchange they may also be non-tradeded entities. BDCs have been around for quite some time having been created in 1980. BDCs typically invest in smaller… Read More

August 5, 2016 @ 8:36 am By Erin Hobey  |  

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

August 4, 2016 @ 10:37 pm By Erin Hobey  |  

Over 3118% funded. Since its launch last month, the San Francisco startup Andromium’s Kickstarter campaign has secured over $1,560,000 for The Superbook, a device that turns Android smartphones into laptops. Over 9,612 backers have subscribed to the idea, described as a smart laptop shell that consists of an 11.6″ HD screen, keyboard, and… Read More

August 4, 2016 @ 9:54 pm By Erin Hobey  |  

Seeking to spark demand for its consumer debts arranged online, Lending Club (NYSE:LC) is said to be in talks with Western Asset Management Co. to set up a fund to purchase as much as $1.5 billion of loans over time, reported Bloomberg. An unidentified person familiar… Read More

August 4, 2016 @ 9:10 pm By Erin Hobey  |  

Earlier this year OCBC Bank launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups.  Now, a few months later, OCBC Chief Executive Samuel Tsien emphasized the ongoing commitment to welcoming and strengthening… Read More

August 4, 2016 @ 8:55 pm By Erin Hobey  |  

Startupbootcamp, a leading accelerator group with 14 industry-focused accelerator programs, has today announced a new global collaboration with Cisco. Cisco will be expanding its work with Startupbootcamp from its Amsterdam and Berlin accelerator programs to support its 14 physical locations and 325+ portfolio companies.  “Adding Cisco as one… Read More

August 4, 2016 @ 4:35 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced on Thursday it has officially surpassed the $100 million in closed commercial real estate loans with the completion of $15.25 million in recently closed loans. According to CEO and founder of Money360, Evan Gentry, much of… Read More

August 4, 2016 @ 3:58 pm By Samantha Hurst  |  

On Thursday, small business lending platform Lendio announced it has officially raised $250 million in funding for over 10,000 small businesses. The company also unveiled second quarter results, which reportedly showed the website facilitated over $55 million in funding to small businesses during the time period, which… Read More

August 4, 2016 @ 11:08 am By Samantha Hurst  |  

Last week, the team at Zopa announced they have officially moved from their Chancery Lane office to the peer-to-peer lending platform’s new location in London Bridge. The company shared in a blog post: “This office move is much more than a location change: it’s a statement that Zopa… Read More

August 4, 2016 @ 10:58 am By Samantha Hurst  |  

On Thursday, Indiegogo announced five key ways organizers to build an audience for their crowdfunding campaigns. The global crowdfunding platform revealed most campaigns should have at least 30% of their goal already funded before they even launch. The website noted: “Gaining momentum and raising funds will… Read More

August 3, 2016 @ 4:19 pm By JD Alois  |  

NSRInvest, a platform that provides institutional like investment tools for retail investors purchasing loans from Lending Club, Prosper and Funding Circle.  These marketplace / P2P lending platforms can provide solid risk-adjusted returns from a diversified portfolio of loans. When institutional money showed up, marketplace lending shot… Read More

August 3, 2016 @ 4:19 pm By Samantha Hurst  |  

Online business marketplace lender ThinCats announced earlier this week that it has partnered with investment platform operator DomaCom for loan deals. This collaboration will reportedly provide a greater scope for exposure to property and loan opportunities. DomaCom, which will soon be considered as a crowdfunding service, announced on Friday… Read More

August 3, 2016 @ 1:37 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform, Marlette Funding, announced the closing of its first proprietary “MFT” securitization. The company reported that approximately $205 million of Best Egg collateral was financed through three classes of notes and one class of certificates with the loan sellers retaining a portion… Read More

August 2, 2016 @ 4:05 pm By Samantha Hurst  |  

Over the weekend, Kickstarter hosted its 2016 Summer Festival in Brooklyn’s Greene Park. The free event celebrated creativity and featured art, food, games and more from the Kickstarter community, including: A life-sized game of Exploding Kittens  Guided virtual reality meditation on Oculus Rift Royal Palms Shuffleboard fun… Read More

August 2, 2016 @ 3:10 pm By Samantha Hurst  |  

Crowdfunding portal for cannabis and digital startups, CrowdGather, Inc.(OTCQB:CRWG), announced on Tuesday it has expanded its advisory board in anticipation of cannabis operation expansion. Ben Larson and Carter Larson, co-founders and managing partners of Gateway Incubator, have been selected for the new positions. Larson is currently director and… Read More

August 2, 2016 @ 12:56 pm By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, announced on Tuesday it formed a new partnership with Australian Finance Group (ASX: AFG), one of Australia’s largest providers of mortgage brokering services, as it prepares to expand its international small business financing.  Sharing details about the new partnership, AFG COO David… Read More

August 2, 2016 @ 11:07 am By Samantha Hurst  |  

This week, Glowforge announced it has raised an additional $22 million from Foundry Group and True Venture during its recent Series B investment round. Last year, Glowforge secured $28 million for its highly-anticipated 3D printer through its self-running crowdfunding campaign. The printer debuted to the public for the first time… Read More

August 1, 2016 @ 4:54 pm By Samantha Hurst  |  

Last week, UK peer-to-peer lending platform, Orchard Lending Club, officially launched and is now offering investors the opportunity to earn up to 7.08% interest per annum over a five-year period by lending finance to creditworthy professional practices and schools and their clients. Orchard Lending Club is… Read More

August 1, 2016 @ 11:59 am By Samantha Hurst  |  

With the 2016 Gen Con set to kick off in Indianapolis this Thursday, crowdfunding platform Kickstarter announced its lineup for the board game convention. The funding website revealed that it has teamed up with Cards Against Humanity to host a range of board games for… Read More

August 1, 2016 @ 9:49 am By Samantha Hurst  |  

Last week, the Entertainment Industry Foundation (EIF) announced the winners of the inaugural Think It Up Innovation Awards. This award honored eight teams of students and teachers. Each team will receive $5,000 in DonorsChoose funding credits to advance their work in the classroom. Each winning… Read More