General News

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

July 11, 2016 @ 9:12 am By Samantha Hurst  |  

Following the success of the third Expo for Property, Investing & Crowdfunding (EPIC) event in Singapore, crowdfunding platform CoAssets announced plans to host a stage inaugural EPIC event in Fuzhou, China. EPIC is described as a 1-day event that informs SMEs and startups on financing option and… Read More

July 9, 2016 @ 2:54 pm By JD Alois  |  

In 2014 the Financial Conduct Authority (FCA) enacted new rules for the regulation of crowdfunding platforms operated by firms authorized by the FCA. At that time, the agency committed to carrying out a full post-implementation review of the crowdfunding market and regulatory framework in 2016…. Read More

July 9, 2016 @ 9:59 am By Samantha Hurst  |  

Following the tragic events of Baton Rouge, Minnesota and Dallas, Kickstarter took a stand and announced its support for the Black Lives Matter Movement. The Black Lives Matter Movement, which was formed in 2013,  is described as a unique contribution that goes beyond extrajudicial killings… Read More

July 8, 2016 @ 2:07 pm By Samantha Hurst  |  

On Friday, crowdfunding portal Crowdrise announced the Fourth Annual Veterans Charity Challenge successfully raised over $300,000 for nearly 60 non-profit organizations. The campaign, which is described as a joint effort by Craig Newmark, founder of craigslist and craigconnects and CrowdRise, was held between Memorial Day and July 6… Read More

July 7, 2016 @ 9:58 am By Samantha Hurst  |  

On Thursday, crowdfunding platform YouCaring announced it has become a B Corporation, which is described as a type of for-profit corporate entity that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals. The funding portal stated that… Read More

July 6, 2016 @ 1:36 pm By Samantha Hurst  |  

Crowdfunding giant Kickstarter is set to host its 2016 Summer Festival at the Fort Greene Park in Brooklyn later this month. The event’s description reads: Celebrate creativity at the Kickstarter Summer Festival, a free event featuring art, food, games, and more from the Kickstarter community. Join… Read More

July 6, 2016 @ 12:18 pm By Samantha Hurst  |  

This week, head of production at BrewDog, Matt Licklider, shared details about crowdfunded brewery’s third site, which was funded through the Equity for Punks campaign. Originally started out in the back of a van by two guys and dog, BrewDog is now recognized globally for… Read More

July 6, 2016 @ 10:11 am By Samantha Hurst  |  

On Tuesday, SeedInvest CEO and co-founder, Ryan Feit sat down with Jason McCabe Calacanis on This Week in Startups to share details about his involvement in passing the JOBS Act and his work on the Title III rules (which went into effect on May 16th). The discussion’s… Read More

July 5, 2016 @ 4:39 pm By Samantha Hurst  |  

Leading UK based investment crowdfunding platform SyndicateRoom was named Alternative Finance Provider of the Year at the 2016 High Potential Business Awards, which took place in London on June 22nd and celebrated the achievement outstanding growth businesses, along with the advisors and financiers that support them. “This award… Read More

July 5, 2016 @ 3:56 pm By Samantha Hurst  |  

Just a little over a week after the UK voted to depart from the European Union (EU), Lending Works offered pension advice to the country’s retirees (or soon to be) following the surprising decision. The peer-to-peer lending platform shared: “Less than a week in, and the… Read More

July 5, 2016 @ 1:03 pm By Samantha Hurst  |  

On Tuesday, crowdfunding platform for music, PledgeMusic, announced that it has formed a partnership with the Outlaw Roadshow, which is described as a traveling music showcase and festival destinations for music lovers. The Outlaw Roadshow was created by Counting Crows frontman, Adam Duritz and Boston… Read More

July 5, 2016 @ 12:33 pm By Samantha Hurst  |  

This past weekend, equity crowdfunding platform Crowdcube unveiled a new infographic/video that highlighted its 2016 first and second quarter successes. The funding portal stated: “As we hit the end of Q2 2016, we thought it was high time we had a review of what’s been… Read More

July 5, 2016 @ 11:26 am By JD Alois  |  

American Express (NYSE: AXP) has launched a new credit product entitled Working Capital Terms. The product is a short-term online financing solution for businesses to “ease cash flow constraints by bridging the gap between vendor payments and customer purchases.” Amex states the funding vehicle is… Read More