General News

May 5, 2016 @ 1:32 pm By Erin Hobey  |  

Having surpassed its initial Indiegogo campaign by over $831K, Flux electric bikes has flexed its crowdfunding muscle in partnership .  With 24 days remaining on their extended campaign, over 1,241 backers have invested over $881,765 to easily surpass the electric bike’s initial campaign goal of $50,000 and their stretch… Read More

May 5, 2016 @ 11:54 am By Erin Hobey  |  

Online small business lending platforms OnDeck (NYSE: ONDK), Kabbage and CAN Capital – today announced the formation of the “Innovative Lending Platform Association,” which will focus on advancing small business online lending education, advocacy, and best practices.  Together the three founding companies have provided access to… Read More

May 5, 2016 @ 9:59 am By Samantha Hurst  |  

On Thursday, New Zealand crowdfunding platform, PledgeMe, announced that it has not only appointed one but two new members of its board of directors. The portal revealed that interim group executive of Direct Banking for Rabobank Australia and New Zealand, Melanie Templeton, will be stepping into… Read More

May 5, 2016 @ 9:42 am By Samantha Hurst  |  

Danae Ringelmann, co-founder of global platform Indiegogo, recently sat down with Inc. to discuss which crowdfunding project is in fact her favorite. During her interview, Ringelmann stated: “You know, I’m an underdog person. I always like rooting for the underdog, the crazy ideas, the ones… Read More

May 5, 2016 @ 8:36 am By JD Alois  |  

Israel is one of the hottest startup ecosystems in the world today. The small country has consistently punched above its weight class by turning out consecutive startup hits – many in the Fintech sector. The highly educated, risk-embracing Israelis have taken the title of Startup Nation…. Read More

May 5, 2016 @ 8:27 am 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 Wednesday its financial results for the first quarter 2016. R. Cromwell Coulson, president and CEO of OTC Markets, stated: “During the first quarter,… Read More

May 4, 2016 @ 4:06 pm By Samantha Hurst  |  

On Wednesday, software global company, Progress, announced that is working with Rangle.io and Google to provide mico-lending platform, Kiva, better applications between its lenders and borrowers. Currently, Kiva’s community is reportedly made up of 1.4 million lenders that have crowdfund more than $2.5 million in loans… Read More

May 4, 2016 @ 3:29 pm By JD Alois  |  

In contrast to what we are hearing from some other online lending platforms, Lending Tree (NASDAQ:TREE) reported strong Q1 results this morning. Earnings per share (EPS) came in at $0.76 topping the Capital IQ consensus number of $0.74/share.  The top line number was $94.7 versus… Read More

May 4, 2016 @ 2:08 pm By JD Alois  |  

The US Department of Treasury has announced its intent to release a white paper next week pertaining to their review of the marketplace lending industry (orginally labeled peer to peer lending). The document is expected to encapsulate the many comment letters submitted to Treasury following… Read More

May 4, 2016 @ 10:27 am By Samantha Hurst  |  

In celebration of Mother’s Day, crowdfunding portal Indiegogo sat down with various “mom entrepreneurs” to discuss how they juggle motherhood while continuing to make products and organizations. The global platform declared: “This Mother’s Day, we’re going to do something different. Besides showing you all of… Read More

May 4, 2016 @ 9:37 am By Samantha Hurst  |  

Roofstock, an online marketplace for investing in leased single-family rental (SFR) homes, announced this week it is expanding into the Atlanta and San Francisco East Bay region.  CEO and co-founder of Roofstock, Gary Beasley, stated: “Atlanta and the San Francisco East Bay are very active… Read More

May 4, 2016 @ 9:17 am By JD Alois  |  

Crowdfund Insider Senior Contributor Anthony Zeoli has received a nice recognition from his hometown. Zeoli, a partner at Freeborn & Peters law firm, was recently acknowledged as the Innovator of the Year Award from the Small Business Advocacy Council (SBAC) of Chicago.  Zeoli, as many people… Read More

May 4, 2016 @ 9:06 am By JD Alois  |  

  Cloud Lending Solutions, a Software as a Service (SaaS) company that powers online credit/lending platforms, has signed a new agreement with Flexx – a nationwide provider of forklift rental and leasing programs. Cloud Lending Solutions CEO Snehal Fulzele released a statement on the transaction;… Read More

May 4, 2016 @ 7:00 am By Erin Hobey  |  

DriverUp, an online marketplace for automotive financing, today announced that tech industry veteran Anthony Fratiani has joined its executive team as Chief Technology Officer.  In this newly created position, Fratiani will oversee the continued build out of DriverUp’s consumer-facing side of the business. “We are thrilled about Tony… Read More

May 3, 2016 @ 4:17 pm By Samantha Hurst  |  

This week, Nextbit, a mobile developer that was created by former Google, Apple, Amazon, and HTC employees, announced that its Kickstarter success smartphone, Robin, is going to be available for $299 through Amazon starting May 4th and ending May 10th. Robin is described as a smartphone that brings… Read More

May 3, 2016 @ 4:01 pm By JD Alois  |  

Global consulting firm PwC has published a report on the marketplace lending industry.  The timing is good as the industry is being buffeted by the broader challenge of a stumbling economy. The document aptly starts by noting the marketplace lending sector is oh, so much… Read More

May 3, 2016 @ 3:28 pm By Samantha Hurst  |  

On Monday, Kickstarter’s community education director, Stephanie Pereira, discuss the importance of attracting backers to campaigns during a new class on strategic storytelling.  The crowdfunding portal shared: “One of the best parts of working at Kickstarter is getting to talk to people about their ideas…. Read More

May 3, 2016 @ 12:57 pm By Erin Hobey  |  

Rebel Girls, try, fail, try again!  In a new Kickstarter project for the children’s book Good Night Stories for Rebel Girls, 100 Stories about courageous, unconventional women who changed and are changing the world in “every field imaginable”– many of whom were also mothers (US reader… Read More

May 3, 2016 @ 11:51 am By Erin Hobey  |  

MobiKwik, a Gurgaon, India based mobile wallet company, has raised an undisclosed amount of funding led by Japanese GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek, according to a company press release. The round was part of Series C round raised last month, which included participation from its existing investors… Read More

May 3, 2016 @ 11:43 am By Samantha Hurst  |  

On Tuesday, KoreConX and iDisclose announced that they have partnered to make disclosure easier for companies seeking funding and their stakeholders. The duo revealed they are working to minimize the cost and the burden of raising capital, so businesses don’t spend all their money raising money. iDisclose is an online product… Read More