General News

June 13, 2016 @ 1:14 pm By Samantha Hurst  |  

Classy, a cloud-based fundraising platform that helps nonprofits and social enterprises mobilize and empower communities, announced on Monday it has formed a partnership with Room to Read, a San Francisco-based organization that is aiming to transform the lives of millions of children in low-income countries… Read More

June 13, 2016 @ 7:56 am By Erin Hobey  |  

Armed with an undergraduate degree in Electronics from Dharmsinh Desai University and MBAs from both the Indian Institute of Management, Bangalore and McGill University, Jaidev Janardana spent 12 years with Capital One, in the US and the UK. He was the CMO for Capital One UK, responsible… Read More

June 12, 2016 @ 5:50 pm By JD Alois  |  

How easy is it for Fintech startups to challenge established Wall Street firms? Charles Moldow, General Partner of Foundation Capital and an early investor in Lending Club, OnDeck and more, recently told CNBC; “I think it is hard to disrupt any mature industry. This one… Read More

June 10, 2016 @ 4:51 pm By Samantha Hurst  |  

Lending Works, a UK-based peer to peer lender, announced this week that it has been named Best Peer-to-Peer Platform for Savers Winner at the 2016 Moneywise Customer Service Awards, which is described as the “authoritative stamp of approval by the UK consumer,” recognition is given to… Read More

June 10, 2016 @ 11:33 am By JD Alois  |  

There is never a dull moment at our nation’s top securities regulator. Much of their budget and time goes towards enforcement of the many different securities rules.  From the Bernie Madoff’s of the world to small-scale fraud, the SEC is constantly on the alert for… Read More

June 10, 2016 @ 9:51 am By JD Alois  |  

Lord Adair Turner, former FSA Chair and pointed critic of the UK peer to peer lending industry is scheduled to speak at Lendit Europe in London this fall.  Turner, speaking with the BBC earlier this year, made the statement; “The losses which will emerge from… Read More

June 10, 2016 @ 9:42 am By Samantha Hurst  |  

This Saturday, crowdfunded brewery, BrewDog, is set to host the Best Of Britain UK-wide tap takeover. This event is considered one of the biggest selections of brilliant British beer anywhere in the UK. The company shared: “From Soho to Stirling and everywhere in between, we… Read More

June 9, 2016 @ 4:43 pm By Erin Hobey  |  

Spotfund, a mobile micro-donation platform, today launched its iOS app. Targeting millennials, Brooklyn-based Spotfund allows users to fund causes and current events with only $1, $2 or $3.  Donations made through Spotfund are tax deductible. At the end of each monthly billing cycle, Spotfund provides an itemized receipt of all… Read More

June 9, 2016 @ 4:13 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has extended its deadline for respondents regarding the 2016 European survey.  In a discussion with Crowdfund Insider, CCAF explained they are well over the number of participating platforms from their previous European survey but they wanted to allow… Read More

June 9, 2016 @ 2:28 pm By Erin Hobey  |  

Like many other large banks, Royal Bank of Canada is now syncing with rising Silicon Valley fintech talent to better position itself with the ever dynamic fintech sector, RBC Vice President of Innovation Gabriel Woo shared with Reuters,  and launched an Innovation Lab in Silicon Valley. The bank has opened similar… Read More

June 9, 2016 @ 11:26 am By JD Alois  |  

OTC Markets (OTCQX: OTCM) has filed a petition with the Securities and Exchange Commission requesting the SEC to extend amendments under Reg A+ to a far wider range of SEC reporting companies. R. Cromwell Coulson, CEO of OTC Markets, explained that Reg A+ securities offerings… Read More

June 8, 2016 @ 4:29 pm By Samantha Hurst  |  

This week, founder of PledgeMe, Anna Guenther, announced the platform is gearing up for its Tour de South Island. Guenther revealed why she and her team decided to launch the Tour: “As New Zealand’s first crowdfunding platform, we’ve noticed some of our most amazing campaigns don’t necessarily originate… Read More

June 8, 2016 @ 3:15 pm By Samantha Hurst  |  

Just a couple months after its product, Sense, successfully secured $164,885 through its Kickstarter initiative, California startup Silk Labs announced that it is unfortunately no longer planning to make the intelligent camera and hub.  Sense was supposed to detect the user’s presence, recognize their voice and gestures,… Read More

June 8, 2016 @ 1:11 pm By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, released its monthly lending index that revealed loan approval rates at big banks ($10 billion+ in assets) and institutional lenders increased while small banks, alternative lenders and credit unions experienced a drop in their loan approval rates in the last… Read More

June 8, 2016 @ 10:01 am By Samantha Hurst  |  

This week, marketplace lending platform, LendingUSA, announced that it has appointed Richard Escarcega as its new senior controller. Escarcega notably has 20 years of accounting experience and will be reporting to Camilo Concha, founder and CEO of LendingUSA. According to LendingUSA, Escarcega will oversee the day-to-day accounting… Read More

June 8, 2016 @ 9:30 am By Samantha Hurst  |  

On Wednesday, marketplace lending platform, Payoff, was announced to have adopted a fully digital financial transaction management solution with eOriginal and Millennium Trust Company. eOriginal revealed that PayOff approached it for a solution that empowered them to go beyond simple electronic signature functionality to enable asset sales… Read More

June 7, 2016 @ 8:56 pm By Erin Hobey  |  

KPMG and NASSCOM 10,000 Startups just released the new report Fintech in India, targeting key elements that are “creating transformational waves across the financial ecosystem in India” and have seen extensive usage across financial service institutions. Topics include essential themes to the fintech ecosystem such as next-generation payments, financial inclusion, P2P lending, robo… Read More

June 7, 2016 @ 3:04 pm By Samantha Hurst  |  

On Tuesday, new low-cost long-haul airliner, People Over Profit (POP), announced the airing of its first two TV commercials. The debut was revealed less than a week after the company launched its very own self-running crowdfunding campaign.  As previously reported, POP is not just considered the only airliner to… Read More

June 7, 2016 @ 2:56 pm By Erin Hobey  |  

Three years, $11 million in venture funding and $1 million in loans later, online lender Vouch Financial is closing up shop, according to the Wall Street Journal.  The small online lender founded by serial entrepreneur Yee Lee in 2013, makes personal loans based on the premise… Read More

June 7, 2016 @ 1:55 pm By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a regulatory sandbox for fintech startups and pilot schemes, according to a release. The proposal aims to enable firms to experiment with new technology in an environment of relaxed rules and appropriate safeguards. The consultation will… Read More