General News

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

May 26, 2016 @ 2:23 pm By Erin Hobey  |  

Add Esudai to a growing list of fraudulent Chinese P2P lending platforms that are being shut down by the Chinese government.  Today Reuters reported that police in the Huizhou, Guangdong province, had detained 13 executives including legal representative and chairman Jian Huixing from the Guangdong Huirong… Read More

May 26, 2016 @ 1:50 pm By Erin Hobey  |  

Bioprognos, a Barcelona-based biotech company that seeks to improve both clinical outcomes and quality of life for cancer patients ―as well as other diseases (cardiovascular, neurological or endocrine)― through the development of innovative tools for non-invasive, accurate detection from biomarkers found in a simple blood… Read More

May 26, 2016 @ 12:31 pm By Erin Hobey  |  

Just in time for graduation, Lenny, an app that offers credit lines to Millennials, announced a partnership with FICO (NYSE: FICO) to provide students and post-grads with their FICO® Score, the standard measure of consumer credit risk.  Founded in 1956 and based in Silicon Valley, FICO is leader in the… Read More

May 26, 2016 @ 9:18 am By Samantha Hurst  |  

Hardware Club, an online platform that’s dedicated to hardware startups, announced on Wednesday that it has appointed former Indiegogo senior director of hardware, design & technology, Evan Cohen, as its newest partner. Cohen reportedly helped the global crowdfunding platform achieved over $50 million for companies in two… Read More

May 26, 2016 @ 9:00 am By Samantha Hurst  |  

Lendio, a marketplace for small business loans, announced on Wednesday that is has joined GoDaddy marketplace to support the funding needs of more than 14 million small businesses and entrepreneurs. According to Lendio, by joining GoDaddy, the company will not only increase its reach and… Read More

May 25, 2016 @ 9:57 pm By JD Alois  |  

As previously reported, the California legislature is considering whether or not to legalize intrastate crowdfunding. This is not the first time the Golden State has attempted to create its own rules to allow investors to back small companies online. But the previous efforts fizzled as… Read More

May 25, 2016 @ 6:15 pm By JD Alois  |  

Salt Lake City-based America First Credit Union has opened up an Innovation Center as it seeks to create the branch of the future recognizing the shifting methods of financial management as everything moves online. The non-profit, member-owned credit union, the 7th largest by membership in… Read More

May 25, 2016 @ 8:49 am By JD Alois  |  

  Following a bit of slump in the final quarter of 2015, Fintech investment “roared” back in Q1 of 2016 squelching any discussion of Fintech’s imminent demise. This is according to a report authored by KPMG and CB Insights.  While the P2P / Marketplace Lending… Read More

May 24, 2016 @ 2:56 pm By Erin Hobey  |  

Jirnexu, a bank and insurance company tech solution provider formally known as Saving Plus, raised $3M in Series A funding, according to a release. Funding will be used to drive product development, geographic expansion and recruitment across Southeast Asia, with Malaysia and Indonesia as priority… Read More

May 24, 2016 @ 2:25 pm By Erin Hobey  |  

GLI Finance (LSE:GLIF),  an alternative finance platforms investor that provide loans to small and medium sized enterprises (SMEs), has announced that it is giving its shareholders and other eligible investors access to bonds being issued to be used as consideration for an acquisition. The company is making… Read More

May 24, 2016 @ 2:02 pm By Erin Hobey  |  

Philip Walker has decided to head to the UK after ten years guiding San Francisco tech start ups to join Crowdfunder as its new CFO. Tapped by Software Cornwall, a non-profit company that aims to develop the digital technology community in Cornwall, Crowdfunder UK Director Phil Geraghty commented on the… Read More

May 24, 2016 @ 1:28 pm By Erin Hobey  |  

Frost & Sullivan views Australia’s development as a leader in Fintech innovation will require concerted effort from government agencies and established financial institutions and will involve partnerships and research collaboration between banks and startups, presenting many diverse and lucrative growth and development opportunities for ICT… Read More

May 24, 2016 @ 12:22 pm By Adam Weinger  |  

As you probably know, crowdfunding websites are one of the most popular fundraising options for nonprofits and individuals alike. It makes total sense: crowdfunding enables a group of people–small, large, or in between–to collectively raise money for a specific cause or charity. Plus, crowdfunding is incredibly… Read More

May 24, 2016 @ 9:46 am By Samantha Hurst  |  

Global insurance provider, American International Group, Inc. (NYSE: AIG), has announced the launch of a new insurance vehicle, Crowdfunding Fidelity, which was developed specifically to protect investors on equity crowdfunding platforms against issuer fraud. The launch of AIG’s new insurance comes just a little over a week after Title III… Read More

May 23, 2016 @ 9:48 am By JD Alois  |  

Global consulting firm Deloitte has thrown some serious shade at the online lending industry. In a report entitled; “Marketplace Lending – A Temporary Phenomena?”, the firm makes the statement that traditional finance need not worry about the fast growing marketplace lending industry; “Our findings suggest… Read More

May 23, 2016 @ 9:31 am By Samantha Hurst  |  

Equity crowdfunding platform Seedrs recently announced its new fee structure for raising funds, known as Seedrs Nominee. The company stated, after listening to entrepreneur and investor feedback, it is looking for ways to make its portal more effective for everyone. Seedrs revealed the new simple tiered… Read More

May 21, 2016 @ 9:10 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Association (CFIRA) has updated its Board of Directors adding several new members.  The recently appointed individuals will begin a two year term on June 2nd. The new members include: Anthony Zeoli – Partner at Freeborn and Crowdfund Insider Senior Contributor Ron… Read More

May 20, 2016 @ 5:48 pm By JD Alois  |  

Minneapolis-based Stratifund is now offering research reports to help investors determine whether or not an equity crowdfunded offer makes sense for them. Targeting Reg A+ and Reg CF offers, Stratifund is combining independent research reports and a proprietary rating system to help individuals make ‘informed investment… Read More

May 20, 2016 @ 5:28 pm By JD Alois  |  

Jason Best took a few minutes to discuss the Title III crowdfunding rules with CCTV this past week.  Best is co-founder of Crowdfund Capital Advisors and one of the first advocates of the JOBS Act and the need to modernize securities law. Best points to… Read More