General News

June 18, 2016 @ 8:25 am By Samantha Hurst  |  

Notion, a home monitoring system that is benefitting from the boom in the Internet of Things (IoT) development, announced earlier this month that it has secured $3.2 million during a seed round that was led by XL Innovate. Liberty Mutual Strategic Ventures, the strategic venture capital arm… Read More

June 16, 2016 @ 1:16 pm By Samantha Hurst  |  

British Business Bank Investments Ltd., the commercial arm of the British Business Bank, announced that it has appointed Catherine Lewis La Torres as its new CEO. Lewis La Torre joins the company from Cardano and has over thirty years’ experience in the private equity industry focused on investing in the… Read More

June 16, 2016 @ 11:50 am By Samantha Hurst  |  

Following the announcement that Mondo is planning to change its unique name, digital only challenger bank is now dealing with rumors that it may be acquired by London-based, Lloyds Banking Group. As previously reported, Mondo Bank secured £1 million from investors through its Crowdcube initiative in… Read More

June 16, 2016 @ 10:34 am By JD Alois  |  

Thomson Reuters has announced they will now provide clients with closing bid, offer and trade data on the over 10,000 securities trading on the various OTC marketplaces. OTC Markets already provides real-time data via the Thomson Reuters Elektron and Eikon products. “We’re pleased to be… Read More

June 16, 2016 @ 8:22 am By Samantha Hurst  |  

On Thursday, CoAssets announce that it is hosting the 2016 Expo for Property, Investing & Crowdfunding (EPIC) in Singapore next month. The crowdfunding event will take place on July 8th at the Singapore Marriott Tang Plaza Hotel. EPIC is described as a 1-day event that informs SMEs and startups on… Read More

June 15, 2016 @ 6:04 pm By Erin Hobey  |  

It’s that time of year, readers, when camping in the northern hemisphere has become optimal. Pre-insects, post-blizzard. For readers who prefer a year-round camping experience (camp in a hammock and/or have had their water supplies freeze inside their tents on multiple occasions) or just crave plain and simple comfort,… Read More

June 15, 2016 @ 3:25 pm By Erin Hobey  |  

The crowd has a habit for raising its glass (and opening its wallets) for crowdfunding campaigns offering spirits, beer and wines. Whiskey is the focus of today’s campaign. Scottish whiskey. Think Poet Robert Burns.  GlenWyvis Distillery Community Benefit Society, based in the historic Highland town… Read More

June 15, 2016 @ 2:48 pm By Erin Hobey  |  

Citizens of the world are united in support of Orlando’s LGBT community and its Equality Florida’s Pulse Victim Fund campaign that was listed on GoFundMe in the wake of this past weekend’s horrific shooting in Orlando.  As previously reported, LGBT rights group Equality Florida linked with the philanthropic crowdfunding… Read More

June 15, 2016 @ 2:21 pm By Erin Hobey  |  

As expected, more and more brick and mortar operations are casting wider nets for clients, by utilizing fintech and offering more and more of their services online.  Raleigh-based Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions,… Read More

June 15, 2016 @ 1:21 pm By Samantha Hurst  |  

Inkshares, a start-up crowdfunded book publisher, announced on Wednesday it was launching its brand new app for agents, publishers and studios. According to the Hollywood Reporter, Inkshares Properties is described as a marketplace that “offers sample chapters and info on movie, TV, audiobook and foreign rights all… Read More

June 15, 2016 @ 11:50 am By Samantha Hurst  |  

On Wednesday, global crowdfunding platform Indiegogo announced it has teamed up with pharmaceutical giant, Pfizer, to launch a new initiative called, Project Get Old. Sharing details about the campaign, Indiegogo revealed in a blog post: “Age doesn’t have to dictate our health. If we take care of… Read More

June 15, 2016 @ 10:57 am By JD Alois  |  

The Minnesota intrastate crowdfunding law kicks off next week when the Minnesota Commerce Department will begin accepting applications for portal operators on June 20th. The new law, enacted about one year ago, was created to allow ordinary Minnesota citizens to use crowdfunding to invest up to $10,000… Read More

June 15, 2016 @ 10:38 am By JD Alois  |  

Mambu, a SaaS alternative to legacy core banking software that allows financial firms to move quickly online, has partnered with several accelerators and incubators on a Fintech Startup Program. The new initiative is said to enable startups to build financing products faster and cheaper than… Read More

June 15, 2016 @ 9:58 am By Samantha Hurst  |  

This week, Crowdcube #FundedClub member, Rise Art, announced that it has acquired Irish e-commerce platform, Artfetch.  Earlier this year, the online marketplace for contemporary art secured over £516,000 from nearly 200 investors during its equity crowdfunding campaign. The company allows art lovers to easily buy or rent… Read More

June 14, 2016 @ 2:45 pm By Erin Hobey  |  

RateSetter, one of the UK’s largest P2P lenders, has announced its foray into small business loans with the aid of government backing, reported the Financial Times. In preparation for its expansion anticipated by this week’s end, Ratesetters hired a specialist team and built a technology platform to support business… Read More

June 14, 2016 @ 2:05 pm By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday that it has appointed Yang Cao as both chief operating and technology officer. The website revealed that Cao will lead its technology, product and engineering divisions and oversee business operations including customer acquisition, business development and… Read More

June 14, 2016 @ 2:04 pm By Erin Hobey  |  

FinLeap, the startup platform behind Germany’s SolarisBank, has secured €21 million in equity capital to support its fintech incubation program. Next to the founding shareholder Berlin-based HitFox-Group, new institutional investors from the insurance industry took a stake in the company including Hannover Re, the third largest worldwide reinsurer,… Read More

June 14, 2016 @ 1:38 pm By Erin Hobey  |  

Australian online lender Marketlend announced that the platform raised $1 million investment in a round lead by fintech entrepreneur Jon Barlow and former KKR Director and Borland Capital founder Mati Szeszkowski, according to Reuters.  The lender will use the new windfall to further automate its technology systems and… Read More

June 14, 2016 @ 12:11 pm By JD Alois  |  

In 2011, an average of 8,000 small and micro businesses were denied funding each day from traditional banks. This statement is not from some fanatical Fintech entrepreneur but our current Secretary of the Treasury, Jack Lew.  It is this profound gap between demand, and supply,… Read More

June 14, 2016 @ 10:10 am By Samantha Hurst  |  

Peter Hazlehurst, former CEO of Google Payments Corp., announced on Tuesday the beta launch of his new education crowdfunding platform, AngelScholars. According to its description, AngelScholars offers up a crowdfunding solution to the scholarship system providing a new and unconventional way of giving back. “Located in… Read More