General News

May 20, 2016 @ 3:05 pm By Samantha Hurst  |  

Organizers of the online lending conference, LendIt, announced on Friday that they have teamed up with P2P Finance Association to host the third annual conference, LendIt Europe 2016. The event will be held October 10th-11th, 2016 in London. LendIt stated that the european event will feature 150 speakers… Read More

May 20, 2016 @ 1:04 pm By Samantha Hurst  |  

Following a series of unfortunate events, acting CEO of Lending Club (NYSE:LC) Scott Sanborn has offered relatively good news to the individual investor base. According to his recent letter, Sanborn stated that he is continuing to remain confident in the the lending platform as well as his team…. Read More

May 20, 2016 @ 11:35 am By Erin Hobey  |  

Launched in 2000 and now in 400 cities across 9 markets, EasyPark helps drivers find and pay for parking. In a move to complement current capabilities within parking availability, EasyPark Group announced its acquisition of parktech start-up PARKO, which specializes in advanced algorithms for determining on-street block-by-block parking… Read More

May 20, 2016 @ 11:02 am By Erin Hobey  |  

  The crowdfunding regulations of the Securities and Exchange Commission (SEC) became effective on May 16, 2016, and the agency has issued Compliance and Disclosure Interpretations (C&DIs) providing interpretive guidance on Regulation Crowdfunding. “It is encouraging to see the SEC being so proactive in issuing… Read More

May 20, 2016 @ 10:53 am By Erin Hobey  |  

During the inaugural Crowdfunding Technology Showcase and Celebration in Washington, D.C., CrowdFund Intermediary Regulatory Advocates (CFIRA), Crowdfund Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) presented Crowdfund Insider Co-founder and CEO Andrew Dix the “New Capital Markets Leadership Award” for Media. Crowdfund Insider, the leading… Read More

May 20, 2016 @ 9:25 am By Samantha Hurst  |  

Next Money, formerly Next Bank, announced on Friday that it is launching its first Global Fintech Radar Challenge. This event calls for Open Source developers/platforms to create and produce an aggregation tool for fintech data, news, insights, social media interactions, startups and companies, industry trends and patents. According to the… Read More

May 20, 2016 @ 9:05 am By Samantha Hurst  |  

LendInvest Capital, the fund management and advisory division of UK’s online lender LendInvest, announced on Friday that former Scotiabank Fund distributor, Jesse Mosebye, has joined its growing team.  During his time at Scotiabank, Mosebye was responsible for building investor relationships for the brokerager’s hedge fund and asset… Read More

May 19, 2016 @ 5:11 pm By Samantha Hurst  |  

Credit card giant, Capital One, announced this week the launch of its UK fintech accelerator known as Growth Labs. The new 10-week program, in partnership with the tech investor L Marks, offers startups advice and support as they develop innovative technology for the financial sector. Capital… Read More

May 19, 2016 @ 12:33 pm By JD Alois  |  

The Pew Research Center has published a report on the sharing economy – that sector of tech fueled commerce and services that more and more individuals use.  Entitled “Shared, Collaborative, and On Demand: The New Digital Economy,” the research by Pew states the shared economy… Read More

May 19, 2016 @ 10:19 am By JD Alois  |  

Reflecting the evolving landscape of finance, media and events company Next Bank is rebranding as “Next Money.”  The move is to “better reflect its expanded focus across the entire financial services industry.” The entity also announced it had acquired Bank Innovators Council, an organization that… Read More

May 19, 2016 @ 9:34 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 Thursday that it is helping various Canadian equity and debt crowdfunding platforms accept new investments by credit card. The company revealed that Canada is… Read More

May 19, 2016 @ 8:55 am By Samantha Hurst  |  

On Wednesday, alternative finance provider Neyber announced it has chosen and implemented cloud lending solutions, CL Originate, CL Loan, and CL Collections, to support the growth of its business. Neyber, which was founded by former Goldman Sachs investment bankers Martin ljaha and Monica Kalia along with financial technology expert… Read More

May 19, 2016 @ 8:40 am By Samantha Hurst  |  

San Francisco startup 6SensorLabs announced on Thursday it has secured $9.2 million during a series funding round as it prepares to expand its consumer food technology products. The round was led by Foundry Group, with participation from Upfront Ventures, SoftTech VC, SK Ventures, Lemnos Labs, Mitch Kapor… Read More

May 18, 2016 @ 3:58 pm By Samantha Hurst  |  

GoFundMe recently announced that it has formed a one year partnership with The Basketball Tournament (TBT), presented by Jack Link’s Protein Snacks. The duo is looking to launch a new fundraiser next month for Big Brothers Big Sisters organization. The organizations revealed that The Basketball Tournament will reserve the 16th… Read More

May 17, 2016 @ 1:26 pm By Samantha Hurst  |  

Elevate Credit, an online lender in the payday loan space, announced on Tuesday managing partner of Equanimity Leadership Solutions, LLC, Saundra Schrock, has joined its Board of Directors, effective immediately. The company revealed that Schrock brings more than 35 years of experience in consumer financial services. Before taking… Read More

May 17, 2016 @ 1:22 pm By Erin Hobey  |  

Bizfi, a FinTech platform that combines aggregation, funding and a marketplace for small businesses, announced its origination of more than $144M in financing to 3,605 small businesses in the first quarter of 2016, claiming a record in originations for any one quarter,  a 49 percent year-over-year increase over… Read More

May 17, 2016 @ 12:23 pm By Samantha Hurst  |  

On Tuesday, UK research firm Beauhurst released its research about equity investment into UK startups and high-growth companies. The company reported the data, which was conducted from January 1st to March 31st of 2016, shows the future is unclear for startup investment in the UK. Total deal numbers… Read More

May 17, 2016 @ 11:08 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has published its anticipated report on the retail banking sector. The document, entitled, “Retail Banking Market Investigation: Provisional Decision on Remedies,” is a 405 page document delivering a deep dive into the challenges of traditional banks. The CMA outlines… Read More

May 17, 2016 @ 10:19 am By Erin Hobey  |  

 RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today that the platform has closed an investment into a $21.6 million acquisition. The platform helped finance the acquisition of The Edison Apartments, a mid-rise multifamily property in Chicago, by Spirit Bascom Ventures,… Read More

May 17, 2016 @ 10:09 am By Erin Hobey  |  

In the green… Barcelona-based Garage Beer Co  swiftly surpassed its 400,000€ Crowdcube Spain campaign goal for 11.81% capital, having raised over 479,765€ with 39 days remaining until close.  The brewer is in the works to build a bigger plant and taped the crowd — not banks –to help will this next stage… Read More