General News

July 18, 2016 @ 11:01 pm By JD Alois  |  

One of the biggest challenges for online lending firms in China is the lack of credit data for prospective borrowers. As Chinese regulators tighten up the peer to peer lending sector, Fintech providers are moving in to help improve the service. ZestFinance is one of… Read More

July 18, 2016 @ 10:42 pm By JD Alois  |  

Just launched crowdfunding platform Republic has formed a partnership with Fintech firm iDisclose to provide legal disclosure services for Form C, as mandated under Reg CF.  iDisclose is a disruptive RegTech provider that empowers platforms, entrepreneurs, and yes other law firms, to more efficiently produce… Read More

July 18, 2016 @ 5:51 pm By Samantha Hurst  |  

On Monday, CrowdfundX announced its CEO and founder, Darren Marble, has been selected to join Crowdfunding Professional Association (CfPA) board of directors. This news comes just a few months after the CfPA expanded the board from 3 to 13 members. The CfPA is an advocacy group… Read More

July 18, 2016 @ 12:38 pm By Samantha Hurst  |  

With the 2016 San Diego Comic Con set to be held this upcoming weekend, Kickstarter announced it is ready to show various projects at this year’s convention. Kickstarter shared details about the famous convention and what visitors will expect from the crowdfunding platform, including events…. Read More

July 18, 2016 @ 8:27 am By Samantha Hurst  |  

Crowd2Fund announced on Monday the launch of its new intelligent investment feature known as Smart-Invest, which will reportedly allow investors to automate their crowdlending investments. The UK peer-to-peer lending platform stated: “The Smart-Invest feature is the culmination of research into Artificial Intelligence and consultation with leading academics… Read More

July 15, 2016 @ 12:01 am By Erin Hobey  |  

With seed stage numbers coming in at over $6M, why is Reg CF stuck at $1M?  Who is getting access to the better deals? According to The MoneyTreeReportTM from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters,… Read More

July 14, 2016 @ 1:02 pm By Samantha Hurst  |  

In order to help organizers launch their crowdfunding campaigns, Kickstarter unveiled details about its project review process. The funding portal stated the purpose of this process to make sure each project is suitable for its community.  “We check to make sure that each project falls into one… Read More

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