General News

June 7, 2016 @ 1:30 pm By Erin Hobey  |  

Volante Technologies Inc., a leader in the provision of software for the integration, processing and orchestration of financial messages and payments, working in collaboration with Ripple, today announced a solution specifically designed to accelerate the process of integrating with Ripple, a global provider of distributed financial… Read More

June 7, 2016 @ 12:59 pm By Samantha Hurst  |  

Following the announcement that it has broken the Guinness World Record for the longest business pitch marathon, Virgin Media Business has announced the #Voom 2016 semi finalist and Pitchathon champs, which consists of 40 businesses. Earlier this year, Virgin Media Business teamed up with reward-based crowdfunding platform… Read More

June 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot is “doubling down” on Lending Club. As the largest marketplace lending platform in the US fights back to regain its sea-legs, Lending Robot, a provider of analytical tools for retail investors in marketplace lending assets is launching a new feature to improve investor returns. Despite… Read More

June 7, 2016 @ 10:00 am By Samantha Hurst  |  

Fairway America, LLC, a Portland-based real estate asset, finance advisory and investment firm announced today that its client, Elevate Private Capital has launched its new $20 million fund through real estate crowdfunding marketplace, SBREfunds. The Elevate SFI Fund LLC is described as a buy-and-hold and fix-and-flip fund. The company… Read More

June 7, 2016 @ 8:52 am By Samantha Hurst  |  

On Tuesday, global crowdfunding platform Indiegogo announced it has formed a new partnership with Newegg. The tech-focused e-retailer will now offer order fulfillment and promotional support to select campaigns on the funding portal. Sharing details about the new collaboration, David Mandelbrot, CEO of Indiegogo, stated: “We’re thrilled… Read More

June 6, 2016 @ 12:38 pm By Samantha Hurst  |  

Last week, Virgin Media Business was named the new holder of the Guinness World Records’ longest business pitch marathon. This was done through the company’s current competition, VOOM 2016, which has 158 businesses pitching back-to-back to a panel of judges over the course of 28 hour,… Read More

June 6, 2016 @ 10:31 am By Samantha Hurst  |  

Last week, worldwide technology company, Arrow Electronics, Inc. (NYSE:ARW), announced that it has signed a definitive agreement to acquire the global internet media portfolio focused on technology and electronic design from UBM, which includes EE Times, EDN, ESM, Embedded, EBN, TechONline, and Datasheets.com. Matt Anderson, chief digital… Read More

June 6, 2016 @ 8:47 am By Samantha Hurst  |  

On Monday, mobile crowdfunding aggregator, OFF3R, announced that it has surpasses 1 million in-app interactions since its app’s launch in June 2015. During its beta phase, the app drove over 50,000 requests for more deal info from 35 partner platforms such a Crowdcube, Seedrs and Zopa. OFF3R revealed on Twitter the milestone through… Read More

June 6, 2016 @ 7:24 am By JD Alois  |  

Nesta, a UK innovation foundation, has partnered with the National Council for Voluntary Organisations (NCVO) on a research document focusing on crowdfunding and “good causes.” By good causes, the authors mean charities and social entrepreneurs.  The report states that while “crowdfunding might be rapidly changing… Read More

June 5, 2016 @ 9:49 pm By JD Alois  |  

The Independent Community Bankers of America (ICBA) has sent a comment letter to the Office of the Comptroller of the Currency regarding ” responsible innovation”.  While everyone understands that Fintech can provide incredible benefits to both consumers and the economy, smaller banks are getting the… Read More

June 5, 2016 @ 2:04 pm By JD Alois  |  

Most businesses in the US are smaller firms. They provide the bulk of economic growth and job creation. In fact according to Dun & Bradstreet, of the 19 million firms in their US database, about 18 million generate less than $10 million in revenue.  Regarding… Read More

June 3, 2016 @ 6:27 pm By JD Alois  |  

The New York Department of Financial Services apparently is not content with just rifling through recent actions at Lending Club, the state agency has now sent letters to 28 different online lenders.  This is according to a report by Reuters – the news agency happened… Read More

June 3, 2016 @ 10:17 am By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, announced on Friday that it is set to offer online financing to thousands of India-based small and mid-size companies that are looking for business loans. The company noted it will facilitate loans and finance from $5,000 to $5 million in… Read More

June 2, 2016 @ 3:12 pm By Erin Hobey  |  

myPINpad, UK based fintech company which enables multi-channel and multi-factor authentication via the Cardholder PIN, has today appointed Morten Hofstad as Head of the company’s Asia Pacific business.  “We are delighted to welcome Morten to the myPINpad team,” cited myPINpad Executive Chairman and CEO Philip… Read More

June 2, 2016 @ 2:58 pm By JD Alois  |  

The Consumer Financial Protection Bureau announced a proposed set of rules today designed to curtail abuses within the Payday lending industry. CFPB Director Richard Cordray released a prepared statement on the proposal explaining; “..our research has shown that too many of these loans trap borrowers… Read More

June 2, 2016 @ 2:36 pm By Erin Hobey  |  

Dukes of Hazzard beware. The White Bronco? No match for the MobileSpike. MobileSpike Technologies Inc., a law enforcement technology company, launched an $1 million equity crowdfunding campaign on FlashFunders to fund the production of its patented tire-deflation-stick technology. The MobileSpike is mounted on the front of police vehicles and allows police to disable fleeing… Read More

June 2, 2016 @ 2:35 pm By Samantha Hurst  |  

Seedrs alum, Chapel Down Plc (ISDX: CDGP), announced this week that it will now be featured on British’s cruise line, P&O Cruises. Chapel Down has leveraged the internet to raise capital having first graced the pages of Seedrs in 2014. Following the campaign’s closing, Seedrs Chief Investment Officer called the… Read More

June 2, 2016 @ 1:49 pm By Erin Hobey  |  

The Malaysian wedding and baby e-commerce platform, Nuren Group, today announced the public launch of its Crowdo Equity Crowdfunding (ECF) offer with a target amount of MYR200,000. Nuren notes that it is the first Venture Capital Quality ECF Offer in South East Asia.  Nuren also recently announced the completion… Read More

June 2, 2016 @ 10:36 am By Samantha Hurst  |  

On Thursday, KoreConX  announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing China’s accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework,… Read More

June 2, 2016 @ 8:12 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has proposed rules targeting the Payday lending industry requiring lenders to assure consumers have the ability to repay the loans.  The CFPB described the proposal as “ending payday debt traps.”  The rules would impact not just Payday lenders but… Read More