General News

April 13, 2016 @ 6:31 pm By Samantha Hurst  |  

This week, Chicago-based fintech company VestLo announced that it has become the first to submit an application to the Illinois Secretary of State, Securities Division, so that it may register as a “qualified” crowdfunding platform under the new Illinois Intrastate Crowdfunding Exemption. The adopted Illinois Intrastate Crowdfunding Bill creates… Read More

April 13, 2016 @ 1:29 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, announced this week that it has appointed Alexander Vellandi as its general counsel, John Gaz as director of asset management, David Fay as underwriter, Mira Johnson as loan processor, and Cameron Hall as loan analyst. The company… Read More

April 13, 2016 @ 1:00 pm By Samantha Hurst  |  

This week, Singapore-based crowdfunding platform, CoAssets, hosted its first annual SME CORE (Capitalising Opportunities & Realising Expectations). This event aims to provide SMEs with perspective, business solutions and information from public and private sectors.   Topics discussed included the following: SME Financing and Support, Leveraging Human Resources and… Read More

April 13, 2016 @ 11:36 am By Samantha Hurst  |  

Roofstock, a marketplace for investing in single-family rental homes, announced on Wednesday the appointment of former Credit Karma executive, Jodi Alperstein, as vice president of product and Haven Realty Capital’s founding partner, Eric Gutshall, as vice president of operations.  Alperstein is a FinTech veteran who led product and design at Credit… Read More

April 12, 2016 @ 4:18 pm By Samantha Hurst  |  

Last month, terminally ill comedian, Quincy Jones, received news from talk show host, Ellen DeGeneres, that his Kickstarter-backed standup special is set to air on HBO. The crowdfunding initiative was launched by Quincy’s friend and fellow comedian Nicole Blaine alongside her husband Mickey Blaine. It secured $50,273 from 1,204 backers. Now, HBO… Read More

April 12, 2016 @ 3:46 pm By Samantha Hurst  |  

Pave, the online lending platform, announced on Tuesday that it has raised a total of $8 million during its Series A funding round, which was led by Maxfield Capital. As previously reported, Pave is targeting Millennials who are old enough to be establishing a solid career… Read More

April 12, 2016 @ 2:54 pm By Samantha Hurst  |  

This week, CEO of Seedrs, Jeff Lynn, met with CNBC to discuss how much equity crowdfunding has grown and why he believes that the funding method is developing as an asset class. During his interview, Lynn revealed: “We have seen massive growth in the three and… Read More

April 12, 2016 @ 1:28 pm By Samantha Hurst  |  

Crowdcube #FundedClub member, Taylor St. Baristas recently announced that it will be opening two new sites, Chancery Lane, London and Madison Ave, New York City. The company secured £1,805,500 from 493 investors during its mini bond round on the equity crowdfunding platform last year. Established in 2006, Taylor… Read More

April 12, 2016 @ 11:36 am By Erin Hobey  |  

A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing FinTech sector succeed, the Advanced Technology Development Center (ATDC) at Georgia Tech is working with a portfolio of 20 innovative startups — including 8 which have already raised more than $16.8… Read More

April 12, 2016 @ 11:16 am By Erin Hobey  |  

LenDen Club, an Indian online peer-to-peer lending platform, has raised undisclosed seed round of funding through Venture Catalyst, India’s first seed investment and innovation platform. The round saw participation from Anirudh Damani, Daud Ali, Narendra Karnavat, Vikas Kapoor, Vikram Lakhotia, Krishna Jhunjhunwaala and Jayesh Shah, according to a… Read More

April 12, 2016 @ 11:05 am By Samantha Hurst  |  

Last week, Regions Bank announced it has formed a partnership with marketplace lender Avant to offer its customers with a new loan application process. According to the bank, the agreement will combine its already established banking and online presence with Avant’s tech platform to provide a fast, convenient digital… Read More

April 12, 2016 @ 10:42 am By Erin Hobey  |  

Acquire Real Estate, a leader in pre-funded real estate crowdfunding, recently sold out a $267,500 investment opportunity in its Atlanta Diversified Portfolio, a four-property office and industrial portfolio located throughout the Atlanta metropolitan area. The portfolio, which was purchased by Albany Road Real Estate Partners for… Read More

April 12, 2016 @ 9:52 am By Samantha Hurst  |  

On Tuesday, Boston University announced it has recently launched its very own crowdfunding platform for campus-based projects. According to BU Today, the university has developed the portal to help academic departments, student groups, and other members of the BU community raise funds for research, service trips, projects, events,… Read More

April 12, 2016 @ 9:26 am By Samantha Hurst  |  

On Monday, Lend Academy and Emerald Asset Management announced they have formed a strategic partnership to develop an investment management business to be focused on opportunities in the marketplace lending industry. Sharing details about the partnership, Emerald chairman and CEO, Joseph E. Besecker, explained: “We believe that… Read More

April 12, 2016 @ 8:21 am By Samantha Hurst  |  

On Monday, Kickstarter announced that a total of 19 of its funded films will be presented at the 2016 Tribeca Film Festival, which will be kicking off in New York City this weekend. The crowdfunding portal declared in a recent blog post that more than 31,000 backers pledged… Read More

April 11, 2016 @ 4:09 pm By Samantha Hurst  |  

On Monday, LendFoundry presented its very own fintech lending operating system at LendIt 2016, which was held in San Francisco. The company reportedly provides end-to-end lending solution that simplifies loan origination, marketing, acquisition, underwriting, servicing and beyond. Sharing details about the company’s system, Timothy Li, co-founder and… Read More

April 11, 2016 @ 3:46 pm By Samantha Hurst  |  

On Monday, marketplace lender P2Binvestor (P2Bi) announced it has formed a new partnership with MW Eaglewood Americas LLC, an SEC-registered investment adviser. P2Binvestor is a commercial lending platform for SMEs that states it offers a better (IE lower rates) line of credit for borrowers. The marketplace… Read More

April 11, 2016 @ 3:10 pm By Erin Hobey  |  

After getting historic approval from the U.S. Securities and Exchange Commission (SEC) in March, StreetShares will unveil what claims to be the US’ first publicly-accessible small business funding community at the LendIt USA 2016 Conference in San Francisco, according to a release. The StreetShares product will pay… Read More

April 11, 2016 @ 2:57 pm By Erin Hobey  |  

National Funding, a large private lenders of small business loans, today announced that Torrie Inouye has been named the company’s president. Inouye will report directly to Founder and CEO Dave Gilbert. “Torrie has played a critical role in our success to date, and her appointment as… Read More

April 11, 2016 @ 2:56 pm By Samantha Hurst  |  

LendingPoint, a fintech direct loan provider, announced on Monday its 2016’s first quarter showed it funded over $15 million in consumer loans and has processed more than 53,000 loan applications. The company reported its recent expansion into states like Ohio and California has resulted in a 100% increase in… Read More