General News

April 22, 2016 @ 11:51 am By Samantha Hurst  |  

This week, crowdfunded brewery, BrewDog, announced it was closing its latest funding round, Equity for Punks IV. The company declared the campaign to be “the biggest ever equity crowdfunding offer” due to the fact that it successfully secured £19 million. The BrewDog crew shared: “In October 2009,… Read More

April 22, 2016 @ 10:18 am By Samantha Hurst  |  

This week, GE’s FirstBuild announced the winning design of the Pique Coffee Brewer through its Cold Brew Challenge. The company revealed that nearly 50 entries were submitted for product. Last year, the company launched two successful campaigns for the Opal Nugget Ice Maker and Paragon Induction Cooktop on Indiegogo and successfully… Read More

April 22, 2016 @ 7:23 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) filed suit in federal court against co-founders who allegedly sold consumer loan applications without appropriate safeguards.  The loans were said to be sold containing sensitive personal data without assessing the sources of the leads nor the purchasers they sold… Read More

April 21, 2016 @ 1:32 pm By Samantha Hurst  |  

This week, Crowdcube co-founder and CEO, Darren Westlake, revealed his very own entrepreneurs guide to looking after investors. Westlake shared: “The people who have invested in a company have a right to know how their money is being spent and have a vested interest in… Read More

April 21, 2016 @ 12:33 pm By Erin Hobey  |  

Fitness App Mammoth Hunters second crowdfunding raise in eight months on  Crowdcube Spain has proven successful, having overfunded with nine days remaining on its campaign.  The customized training and nutrition app motivates users to change their habits and live a healthier life, offers services comparable to a personal nutritionist… Read More

April 21, 2016 @ 12:07 pm By Erin Hobey  |  

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements. Digital Asset noted in a release that Elevence’s technology complements its existing software by providing a new, verifiable… Read More

April 21, 2016 @ 11:38 am By Erin Hobey  |  

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

April 21, 2016 @ 11:14 am By Erin Hobey  |  

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More

April 20, 2016 @ 4:47 pm By Samantha Hurst  |  

And the wait continues… at least for Glowforge 3D Laser Printer backers. Just a couple months after announcing the first delay, the company has once again revealed to supporters that it will not be delivering the product a few more months. CEO of Glowforge, Dan… Read More

April 20, 2016 @ 2:28 pm By Samantha Hurst  |  

On Wednesday, crowdfunding platform for causes, Razoo, announced it has decided to expand into personal fundraising. Razoo declared that now everyone can use may use its platform for various projects that range from personal to medical bills. It also stated that all fees will be… Read More

April 20, 2016 @ 12:48 pm By Samantha Hurst  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) announced on Wednesday that it has formed a partnership with Crowdfunding Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) to host the upcoming event, Crowdfunding Showcase and Celebration. The event, which will be held on May… Read More

April 20, 2016 @ 12:29 pm By Samantha Hurst  |  

Docupace Technologies LLC, financial services’ premier digital compliance and cyber security company, announced on Wednesday that it will pursue growth independently of investment from RCS Capital Corporation (NYSE: RCAP). The company revealed that it has reached an agreement with RCAP to repurchase their majority share stake and… Read More

April 20, 2016 @ 9:47 am By Samantha Hurst  |  

On Wednesday, peer-to-peer lending platform, Crowdstacker, released data that suggested government reforms how British consumers should save and invest. Crowdstacker offers P2P investment opportunities backed by British businesses that are said to have a good track record or are able to offer security. Crowdstacker assures that… Read More

April 20, 2016 @ 9:12 am By JD Alois  |  

Venture Capital in Europe has reached a new high following a dramatic quarter over quarter growth. Dow Jones Venture Source is reporting solid numbers for Q1 2016 as venture capital fundraising “rockets”. According to their data; 25 European venture capital funds reached a new high… Read More

April 19, 2016 @ 2:50 pm By Samantha Hurst  |  

While its equity crowdfunding campaign was held on Crowdcube, WITT Energy reportedly received some support from reward-based platform, Crowdfunder UK. Last month, the company launched the initiative to secure £750,000 for its patented fully scalable innovative energy harvesting system. During its first week on the equity crowdfunding platform, the UK tech company… Read More

April 19, 2016 @ 1:32 pm By Erin Hobey  |  

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

April 19, 2016 @ 12:12 pm By Erin Hobey  |  

Global banks must start ‘thinking big’ to meet evolving customer demands in the digital age, revamping core systems and establishing full competency in API-based software development, according to Capgemini‘s 2016 edition of its annual World Banking Report. Fintech providers are making increasingly significant inroads with customers,… Read More

April 19, 2016 @ 11:50 am By Erin Hobey  |  

China’s Ping An group has its eye on becoming the fasting lending platform in China, planning to incorporate face recognition technology into its wealth management and other services which would require only six minutes to complete a loan application, according to a statement. The inhouse-developed technology… Read More

April 19, 2016 @ 11:29 am By Erin Hobey  |  

Rambus Inc. (NASDAQ:RMBS) announced the release of the DPA Workstation 8 analysis platform, featuring an extensive upgrade to the workstation software and user interface for enhanced system performance and usability in ASIC and FPGA side-channel vulnerability testing, according to a release. Designed to test and analyze hardware… Read More

April 19, 2016 @ 9:55 am By Samantha Hurst  |  

On Monday, online resource for small business finance, Biz2Credit announced it conducted a survey that included more than 1,500 small business owners. The report stated nearly eight out of ten minority entrepreneurs are confidence that their businesses will grow in the next twelve month while… Read More