General News

June 1, 2016 @ 6:47 pm By JD Alois  |  

Two weeks following the launch of Title III of the JOBS Act, also called Reg CF, NextGen Crowdfunding states that investor commitments have surpassed $1 million for the 30 or so companies issuing securities under the rule.  The numbers were tallied from the handful of… Read More

June 1, 2016 @ 3:49 pm By Joe Green  |  

  Now that the long awaited and much anticipated federal crowdfunding rules under Title III of the JOBS Act have become effective, startup companies can raise seed capital from everyday, non-accredited retail investors through online equity crowdfunding platforms. Many of these investors are excited to… Read More

June 1, 2016 @ 2:23 pm By JD Alois  |  

Texas is one of the 30 states that pushed forward with an intrastate crowdfunding exemption while the federal exemption of Title III of the JOBS Act remained in the doldrums. Since Title III or “Reg CF” have kicked off in mid-May, there has been some… Read More

June 1, 2016 @ 1:35 pm By Samantha Hurst  |  

On Wednesday, financial tech company Docupace Technologies LLC. announced it has successfully raised $16.5 million during a recent funding round. Palisades Growth Capital and TVC Capital participated in the round. Docupace revealed that the funds from the round will be used for the company’s long-term growth plans.  Michael Pinsker,… Read More

June 1, 2016 @ 10:22 am By Samantha Hurst  |  

RealtyMogul.com announced on Wednesday the closing of five recent transactions, which includes four equity investments in commercial properties as well as an equity raise for a residential real estate fund. The platform revealed that its investors have funded $7.5 million through these opportunities, helping to finance multifamily,… Read More

June 1, 2016 @ 10:02 am By Samantha Hurst  |  

This week, UK-based West Berkshire Brewery announced it has opened its new brewery and also secured its first urban pub, Shillibeer’s in Islington, London. According to the company, the new brewery will be situated just a few hundred yards from the current site. It will feature state-of-the art equipment… Read More

June 1, 2016 @ 9:12 am By Samantha Hurst  |  

On Wednesday, Asian investment research and analysis marketplace, Smartkarma, announced that it has raised $4.7 million during its second  strategic funding round. The new funds will go towards further expand Smartkarma’s investment research offering. The company noted that the latest round brings the total capital raised to $7.5million… Read More

May 31, 2016 @ 6:28 pm By Erin Hobey  |  

US Fintecher ChimpChange aims to raise $15M in its Australian IPO offering, according to The Australian. “The stock is expected to begin trading on the Australian ASX on a deferred settlement basis on June 30,” reported The Australian, “planning to issue 18.75 million shares at 80¢ apiece to… Read More

May 31, 2016 @ 2:42 pm By Erin Hobey  |  

The Swiss fintech provider for investment and pension solutions Leonteq AG (SIX: LEON), announced the launch of its Teqlabs innovation lab facility in Singapore’s Central Business District at Asia Square. The innovation lab will foster its fintech research and development to benefit of the financial services… Read More

May 31, 2016 @ 2:08 pm By Erin Hobey  |  

France’s financial regulatory agency, the Autorité des Marchés Financiers (AMF), announced the launch of its Fintech, Innovation and Competitiveness (FIC) division, opportation 1 June 2016, according to the AMF. The AMF is creating a separate division to respond to changes in consumption patterns which have been… Read More

May 31, 2016 @ 12:21 pm By Samantha Hurst  |  

On Tuesday, reward-based platform Crowdfunder UK announced it has formed a partnership with Cavendish Enterprise, an association made up of  business support agencies that work together across England to help the country’s start-ups and growing businesses. The duo is set to offer key crowdfunding advice and support to… Read More

May 31, 2016 @ 9:44 am By Samantha Hurst  |  

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced on Tuesday that it has teamed up with Canadian ID verification company, Trulioo, to help reduce money laundering and fraud on equity crowdfunding platforms…. Read More

May 30, 2016 @ 11:01 am By Therese Torris  |  

The transition to sustainable energies, away from fossil fuel, is a political agenda that creates a huge need for capital investments. The role of crowdfunding in funding this transition was the topic of the 2nd annual European Crowdfunding Network (ECN) CrowdCamp that gathered 200 representatives… Read More

May 27, 2016 @ 5:21 pm By JD Alois  |  

FinPlus, backed by Fugel Holdings, launched today claiming to be China’s first angel fund and accelerator focusing specifically on Fintech. In a release, Fugel Holdings stated they believe now is the right time to develop Fintech in China. In many ways China is the largest… Read More

May 27, 2016 @ 8:59 am By JD Alois  |  

The Federal Trade Commission (FTC) is launching a series of forums to discuss the evolving Fintech sector, pretty much everything to do with finance moving online. The first in the series will begin next month, on June 9th, at the FTC’s Constitution Center in Washington,… Read More

May 27, 2016 @ 7:48 am By JD Alois  |  

Simmons & Simmons, an international law firm based in the UK, has established a £100,000 fund to provide free legal advice to Fintech startups. Angus McLean, partner and Fintech Lead at Simmons, said the fund was created to address challenges in finding the right kind… Read More

May 26, 2016 @ 11:49 pm By JD Alois  |  

VPC Specialty Lending Investments PLC has declared an interim dividend of 1.50 pence per share for the three month period to 31 March 2016, including 0.19p contributed from the Company’s other distributable reserves. The dividend will be paid on 30 June 2016 to shareholders on… Read More

May 26, 2016 @ 11:40 pm By JD Alois  |  

As part of the British Business Bank’s Enable Funding program, Henry Howard Finance as agreed to a £51 million lending facility to boost asset finance for SMEs.  The new facility is 50% guaranteed by the European Investment Fund and is designed to broaden Henry Howard’s… Read More

May 26, 2016 @ 4:56 pm By JD Alois  |  

Last week on day one of Reg CF, the North American Securities Administrators Association (NASAA) posted a request for comments on a proposed rule.  NASAA desires the requirement of an additional filing for Reg CF issuing companies to be completed in those states where either… Read More

May 26, 2016 @ 3:00 pm By Samantha Hurst  |  

Legion M, a fan-owned entertainment studio, announced on Thursday that it has teamed up with independent theater chain and distribution company, Alamo Drafthouse, to “pave” new a paths for creative filmmakers everywhere. According to Legion M, Alamo Drafthouse brings unprecedented access to the film industry, spanning… Read More