General News

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

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