General News

July 14, 2016 @ 11:21 am By Erin Hobey  |  

British fintech company XNTree, member of the European fintech accelerator Level39, will set up shop in Seoul’s Yeouido financial district, according to Pulse. A celebration of the announcement coincided with the Seoul Global Fintech Demo Day event on 19 June.  XNTree and Maekyung Media Group have partnered to support Korean… Read More

July 14, 2016 @ 10:03 am By JD Alois  |  

The UK Crowdfunding Association (UKCFA) is partnering on a forthcoming crowdfunding event scheduled to take place in London this coming fall. Crowdfest is described as a “multi-streamed forum with over 50 speakers, taking place in October with a capacity of 700.”  Crowdfest strives to be the industry’s leading… Read More

July 14, 2016 @ 9:19 am By Samantha Hurst  |  

Peer-to-peer lending platform Funding Circle announced this week it has appointed former CEO of Nomura International and EMEA, Jeremy Bennett as its new global chief financial officer.  According to Funding Circle, Bennett has more than thirty years of experience in financial service industry, working for Credit Suisse,… Read More

July 14, 2016 @ 8:35 am By JD Alois  |  

OTC Markets Group (OTCQX: OTCM) has received Blue Sky recognition in several states. Vermont has recognized the OTCQX market and Iowa, Wyoming and Washington have recognized both OTCQX and OTCQB.  Each state recognized these markets for their Blue Sky Manuel Exemption. Cromwell Coulson, CEO of… Read More

July 13, 2016 @ 9:15 pm By JD Alois  |  

  Do Online Lenders Benefit from Regulatory Arbitrage? Yesterday (July 12), the subcommittee on Financial Institutions and Consumer Credit (part of the House Financial Services Committee) hosted an educational hearing on Fintech and Marketplace Lending. The meeting saw the participation of several industry executives including… Read More

July 13, 2016 @ 2:37 pm By Samantha Hurst  |  

This week, Elio Motors, Inc. (OTCQX: ELIO) announced it has appointed former manufacturing executive of General Motors (NYSE: GM), Doug Frick, as plant manager for its Shreveport production facility.  Frick, who has been dubbed as Elio Motors’ first plant manager, is a 20-year auto industry veteran. He… Read More

July 13, 2016 @ 2:07 pm By Samantha Hurst  |  

Small business lending platform Lendio announced on Wednesday it is set to join industry leaders as an early engagement participant in supporting the model small business lending disclosure called the SMART (Straightforward Metrics Around Rate and Total cost) Box, which was developed by members of the… Read More

July 13, 2016 @ 11:47 am By Samantha Hurst  |  

This week, London-based real estate crowdfunding platform, Property Partner, has reportedly laid off 29% (13) of its employees. According to Business Insider, the recent cuts have taken Property Partner’s employee headcount from 44 to 31. The funding portal revealed that the decision was made as… Read More

July 12, 2016 @ 4:43 pm By Erin Hobey  |  

Small businesses play a large part in the city.  Today marked the launch of For New York, a new online magazine from online lender Bond Street to spotlight the importance of these small businesses by interviewing their founders and owners.  Founded in New York City in 2014, Bond Street has… Read More

July 12, 2016 @ 4:05 pm By Samantha Hurst  |  

On Tuesday, Finland-based Invesdor shared some details about its growing team. This employee info comes nearly a month after the company successfully secured €1.2 million during its self-running crowdfunding initiative. The funding portal stated: “It seems like only a couple of months ago we were just… Read More

July 12, 2016 @ 1:58 pm By Erin Hobey  |  

Australia-based crowdfunding platform DomaCom submitted a prospectus with ASIC and subsequently made a formal listing application with the Australian Securities Exchange (ASX). Applications to invest are also now open, according to SMSF Advisor.  An AUS  $10 million target has been set for the raise, the minimum… Read More

July 12, 2016 @ 1:44 pm By Samantha Hurst  |  

PledgeMusic announced this week it has officially finalize its acquisition of music community platform NoiseTrade. The crowdfunding portal revealed it was set to acquire the website earlier this year, along with Set.fm. The newly integrated company will reportedly have a user-base of more than 3 million highly active music… Read More

July 12, 2016 @ 1:43 pm By Erin Hobey  |  

Continuing to establish a fecund atmosphere for alternative financial market growth, Comision Nacional del Mercado de Valores (CNMV), the regulatory body of the Spanish Stock Market,  has given authorization to MytripleA, Crowdcube and Lendix. Last week Crowdcube Spain was  authorized by the CNMV as established in the Law to Promote Business… Read More

July 12, 2016 @ 11:37 am By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, released its latest Small Business Lending Index on Tuesday, which revealed that small business loan approvals at banks continued to improve. According to the report, small business loan approval rates at big banks ($10 billion+ in assets) improved to a… Read More

July 12, 2016 @ 9:34 am By JD Alois  |  

As the regulatory interest rises, Fintech firms are preparing to deal with the additional scrutiny and possible new rules. Online lending SaaS solution, Cloud Lending, has hired Ileana Falticeni as its new Vice President of Compliance and Regulations to help manage the impending regulatory risk…. Read More

July 12, 2016 @ 8:46 am By Samantha Hurst  |  

FASHIOP, the men’s online style, and fashion start-up, announced on Tuesday it has raised €165,500 during a co-investment round led by PDG Angels, an investment club of IESE Business School alumni, and equity crowdfunding platform Crowdcube. The company, which was founded in 2015 by Eduard Coves… Read More

July 11, 2016 @ 7:26 pm By JD Alois  |  

The SEC filed an administrative proceeding today regarding a Cease & Desist instituted against SecondMarket and Bitcoin Investment Trust (BIT).  The entire affair relates back to an event in 2013, where BIT, a Delaware trust whose sole assets were bitcoins, began offering shares on the… Read More

July 11, 2016 @ 3:24 pm By JD Alois  |  

Artificial Intelligence (AI) and robo-advising are hot sectors in the Fintech space. Kavout is a company that wants to provide powerful AI tools for all investors and, for the time being, these tools are free. Alex Lu, CEO and co-founder of Kavout, explains that hedge… Read More

July 11, 2016 @ 10:29 am By Amy Wan  |  

Regulation A+, which revamped the old Regulation A, became effective on June 19, 2015—just over a year ago. Here’s what we’ve seen during the past year of utilization: Statistics: Approximately 105 publicly-filed Regulation A+ filings to date, with approximately 44 of those filings qualified by… Read More

July 11, 2016 @ 10:24 am By Samantha Hurst  |  

Lendico, a peer to peer lender that has not let national barriers get in the way of expansion, announced on Monday that it has teamed up with Swiss financial services, PostFinance, for a new Switzerland joint venture. The P2P platform revealed that as part of its… Read More