General News

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

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