General News

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

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