General News

May 12, 2016 @ 10:28 am By Erin Hobey  |  

The UK and Singapore have established a “fintech bridge” that will help financial technology firms and investors from each country gain access to the other. Billed as the first of its kind, the bridge enables the UK’s Financial Conduct Authority (FCA) and the Monetary Authority of Singapore… Read More

May 12, 2016 @ 10:07 am By Erin Hobey  |  

DreamFunded.com CEO Manny Fernandez announced an upcoming live equity crowdfunding event will take place in San Francisco on 7 July 2016. Anticipating “billions of dollars of capital” to be opened up for investment into startups and small businesses by over 240 million ordinary Americans,  Fernandez said, “I am excited to… Read More

May 11, 2016 @ 11:47 am By Samantha Hurst  |  

On Wednesday, Indiegogo alum, Jibo, Inc. announced that it has formed a partnership with BANDAI NAMCO Entertainment Europe to create a new family experience on the robot’s platform. BANDAI is known for its work on PAC-MAN.  David Aubert, MIS director and project leader of BANDAI NAMCO… Read More

May 10, 2016 @ 4:22 pm By Samantha Hurst  |  

Crowdfunding giant Kickstarter recently announced it has updated its privacy policy for campaign backers. The website stated that these new updates will go into effect on June 9th. Kickstarter shared it will only collect: Information (such as name, email and postal addresses, telephone number, and country… Read More

May 10, 2016 @ 2:37 pm By Samantha Hurst  |  

Real estate crowdfunding platform RealtyMogul.com announced on Tuesday it has closed an $860,000 equity investment for a 23-unit multifamily property in Plainfield, New Jersey, which is located just 25 miles outside of New York City. According to the website, the property is 100 percent-occupied apartment building and is… Read More

May 10, 2016 @ 1:41 pm By Samantha Hurst  |  

On Tuesday, CEO of Fig, Justin Bailey, announced that former Epic games developer and Boss Key Productions founder, Cliff Bleszinksi, has invested in the crowdfunding platform. Bailey shared in a recent blog post: “Esteemed developer, industry supporter and all around great guy, Cliff Bleszinski has invested in… Read More

May 10, 2016 @ 12:32 pm By Samantha Hurst  |  

Big news for Kickstarter filmmakers! The crowdfunding giant announced on Tuesday one million people have collectively backed more than 12,000 documentary film projects and more than 5,000 of those projects have been successfully funded. The Kickstarter team declared: “Thousands of documentary filmmakers have turned to… Read More

May 10, 2016 @ 12:13 pm By Erin Hobey  |  

Co-founded in 2012 by Wharton grads Chris Tsai and Brian Nguyen, Celery has sought to bring new products of all shapes and sizes to the marketplace.  Today the Y Combinator alum blogged that the platform has joined forces with Indiegogo, an “ideal” partner for Celery to accelerate the… Read More

May 10, 2016 @ 11:27 am By Samantha Hurst  |  

On Tuesday, online resource for small business finance, Biz2Credit announced its recent reported revealed that loan approval rates at banks improved while alternative lenders’ percentage dropped significantly last month. The website confirmed that big banks ($10 billion+ in assets) approved 23.1% of loan applications in… Read More

May 10, 2016 @ 11:15 am By Erin Hobey  |  

The word on the street is that Antony Jenkins, the former Barclays Bank CEO who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, is setting up his own fintech venture, according to a release. Ousted last… Read More

May 10, 2016 @ 10:44 am By Erin Hobey  |  

P2P lending startup Faircent has raised Series A round led by JM Financial Ltd subsidiary which has picked up 9.8% stake in the company, according to a release. The capital will be utilized by the Mumbai-based company to build its technology and product as well strengthening and growing… Read More

May 10, 2016 @ 10:09 am By Samantha Hurst  |  

On Tuesday, Crowdcube #FundedClub member, Cell Therapy (CTL), announced it has received £12.5M in a Japan Rights Deal. The Welsh biotech company, co-founded by Nobel Prize winner Sir Martin Evans, raised £689,246 through the equity crowdfunding platform to help cell-based regeneration medicine for heart trauma get to… Read More

May 10, 2016 @ 8:14 am By JD Alois  |  

The shock waves are still being felt around the global marketplace lending industry following the removal of Lending Club CEO and co-founder Renaud Laplanche. Lending Club has been the marquee sponsor of industry gathering Lendit in past years. The most recent gathering in San Francisco… Read More

May 8, 2016 @ 7:17 pm By JD Alois  |  

The Securities and Exchange Commission has stepped up its public campaign against investment fraud in recent months. Either via social media or paid commercials, the SEC is clearly concerned as finance inevitably moves online.  This should come as no surprise to anyone that follows the… Read More

May 8, 2016 @ 6:22 pm By JD Alois  |  

PayPal has announced it will no longer provide Purchase Protection for rewards-based crowdfunding campaigns. Beginning June 25th, if you used PayPal to support a crowdfunding campaign on Indiegogo (Kickstarter does not use PayPal) and you have backers regret – you are out of luck. Until… Read More

May 6, 2016 @ 5:05 pm By JD Alois  |  

VPC Specialty Lending Investments PLC reported that during the first quarter of 2016, the Company’s returns have been “somewhat muted” despite credit performance of the portfolio as a whole continuing to meet VPC’s expectations. VPC stated the lower returns were due to various factors that… Read More

May 6, 2016 @ 3:20 pm By Samantha Hurst  |  

On Friday, motion picture production and distribution giant, Lionsgate (NYSE: LGF), announced that the super popular web series Con-Man is heading to new video streaming platform, Comic-Con HQ, this summer. Last year, Firefly duo, Nathan Fillion and Alan Tudyk took to Indiegogo with a mission to raise funds for the web… Read More

May 6, 2016 @ 10:09 am By JD Alois  |  

Rating’s agency Moody’s has published a report that is critical of the marketplace lending sector. Pointing to the class action lawsuit filed in a US District Court against Lending Club (NYSE:LC) on April 6th, Moody’s states that owners of Asset-Backed Loans (ABS) face legal challenges… Read More

May 6, 2016 @ 8:34 am By Samantha Hurst  |  

Lendio, an online service that helps business owners find small business loans, announced on Friday its top 10 best states for small business lending. This list was created in celebration of National Small Business Week and is based on lending data from the platform, which… Read More

May 5, 2016 @ 2:05 pm By Erin Hobey  |  

CrowdDays, reportedly the largest event focusing on crowdfunding in Spain, is celebrating its second year. In 2015, there were events in both Madrid and Barcelona; this year, events will be held in the original cities as well as in Bilbao and Valencia that focus on crowdfunding… Read More