General News

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

May 17, 2016 @ 9:28 am By Samantha Hurst  |  

Embroker, a cloud-based risk and insurance management platform, announced on Tuesday that it has received $12.2 million during a Series A funding round, which was led by Canaan Partners with participation from Nyca Partners, XL Innovate, and Silicon Valley Bank. Prior investors Bee Partners, FinTech Collective, Vertical… Read More

May 17, 2016 @ 9:03 am By Erin Hobey  |  

With Title III regulations of the Jobs Act now in affect, FlashFunders saw the opportunity and officially relaunched as an equity crowdfunding platform. Now startups can now raise capital from the crowd, accredited, and global investors in a single round on the platform, offering crowd investment starting at $50.  The… Read More

May 16, 2016 @ 9:19 pm By Erin Hobey  |  

Lending Club (NYSE:LC)  received a federal grand jury subpoena last week, after founder and CEO Renaud Laplanche resigned from the board following an internal review of lending and financial practices. According to the P2P lender, $22 million in loans were sold to a single investor against “express instructions as… Read More

May 16, 2016 @ 2:28 pm By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of open, transparent and connected financial markets for 10,000 U.S. and global securities, announced on Monday that it is hosting a retail, consumer technology and crowdfunding workshop,”Consumers as Investors – Redefining Financing Options for Entrepreneurs,” in Los Angeles… Read More

May 16, 2016 @ 2:04 pm By JD Alois  |  

The marketplace lending industry is getting hammered of late.  The after-shock reverberations following the resignation of Lending Club co-founder and CEO Renaud Laplanche continues to be a hot topic of conversation. Today, Fitch has come out with a report stating “investor confidence in marketplace lending… Read More

May 16, 2016 @ 1:14 pm By Samantha Hurst  |  

On Monday, Seed Equity Ventures announced it is set to off offer investment crowdfunding deals to non-accredited investors on its platform as Title III rules go into effect. Under Title III rules, the general public may invest in capital raising by start-up companies through crowdfunding. CEO of Seed Equity Ventures,… Read More

May 16, 2016 @ 12:55 pm By Erin Hobey  |  

  Caps off to Title III!  As promised, WeFunder understood the potential of Reg CF and its opportunities for capital formation and entrepreneurship.  Operating an accredited crowdfunding platform since the fall of 2013 and then adding Reg A+ last year, Wefunder has helped fund 110 companies with over… Read More

May 16, 2016 @ 12:30 pm By Victoria Silchenko  |  

  “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― R. Buckminster They say, if Monday had a face, we all would like to punch it. But surely not today, Monday, May 16th, 2016, the day… Read More

May 16, 2016 @ 11:20 am By Samantha Hurst  |  

On Monday, iDisclose announced that it has filed the first form C for Title III crowdfunding offerings through its very own application. Bloomery Sweetshine, West Virginia’s award-winning artisanal liqueur distillery, used the application process to prepare and file its Form C with the Securities and Exchange Commission (SEC)… Read More

May 16, 2016 @ 9:00 am By Erin Hobey  |  

WePay, a provider of payments-as-a-service for online platforms including GoFundMe, FreshBooks and Constant Contact, today announced a white label mobile point of sale solution that enables platforms to handle in-person payments and online payments. Now platforms can offer their own branded mobile card reader as an integrated part… Read More

May 15, 2016 @ 7:24 pm By JD Alois  |  

Kickstarter is getting more proactive in its pursuit of filmmakers using their rewards based platform to raise funding for films.  According to a report in The Hollywood Reporter, Dan Schoenbrun, Senior film outreach lead at Kickstarter, is talking up the process in Cannes during the annual… Read More

May 15, 2016 @ 2:51 pm By JD Alois  |  

Billionaire shark and outspoken entrepreneur Mark Cuban is considering using Title IV of the JOBS Act. He sees the updated securities exemption as a huge opportunity.  Currently, most of the Mark Cuban media coverage has focused on him taking up the banner of the #nevertrump… Read More

May 14, 2016 @ 10:38 am By JD Alois  |  

David Graff, Director of Google Global Product Policy, posted last week that Google has decided to terminate PayDay loan ads.  More specifically any loan ads when repayment is due within 60 days of the issue date. Google has periodically purged unwanted advertisements from their Adwords… Read More

May 13, 2016 @ 4:15 pm By Samantha Hurst  |  

NextGen Crowdfunding announced this week that it will be holding a Title III Celebration Series that will include four online events in May and June that will build more awareness for the rules, which are going in effect on Monday (May 16th). Aubrey Chernick, founder… Read More