General News

April 14, 2016 @ 12:28 pm By Erin Hobey  |  

The Monetary Authority of Singapore is to host a week-long ‘Fintech Festival’ to promote the island economy as a global hub for innovative financial services. The idea was mentioned in a speech by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Coordinating Minister for Economic and… Read More

April 14, 2016 @ 11:54 am By Erin Hobey  |  

Global investment in fintech ventures in the first quarter of 2016 reached $5.3 billion, a 67 percent increase over the same period last year, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62 percent. These are among… Read More

April 14, 2016 @ 11:36 am By Erin Hobey  |  

The FCA is preparing to launch a #FinTech “regulatory sandbox“ which will include two sandbox cohorts a year; the FCA will accept applications for a place in the first from 9 May 2016.  Successful applicants will be able to test their ideas “without immediately incurring all the normal regulatory consequences”… Read More

April 14, 2016 @ 11:13 am By Samantha Hurst  |  

QuickLiquidity announced on Thursday that it has acquired partnership interest in a $30 million real estate portfolio, which reportedly portfolio consists of 5 triple net lease CVS’s and 3 Hy-Vee’s, totaling over 220,000-square-feet of single tenant properties with long-term leases and self-amortizing loans. A. Yoni Miller,… Read More

April 14, 2016 @ 11:00 am By Erin Hobey  |  

With the confidence of 43 private investors, the Spanish energy tech firm Vagalume Energy secured 228,620€ on Crowdcube with an average investment of 5,316€.  Grupo Innoven Inversiones, led by Raúl Guerrero Gómez, a business angel of RedInvest,  as well as other investments from other professionals from the energy sector endorsed… Read More

April 14, 2016 @ 9:45 am By Samantha Hurst  |  

Offering up an insight on China’s market growth, China Rapid Finance’s CEO, Dr. Zane Wang, spoke at the LendIt USA 2016 conference that China has become the largest and fastest-growing online lending market in the world. Wang explained that the China market has huge potential and growth opportunities,… Read More

April 14, 2016 @ 8:55 am By Samantha Hurst  |  

The Global Crowdfunding Convention (GCC), an annual event where people gather to network and learn about #crowdfunding, today announced that its fifth annual event will be held October 15-17, 2016 at the Planet Hollywood Resort & Casino in Las Vegas.  For two days, the GCC will host crowdfunding… Read More

April 14, 2016 @ 8:44 am By JD Alois  |  

The Small Business Finance Association (SBFA) has published a list of “best practices” for the alternative finance industry, coordinating the document with the Lendit conference this week. The SBFA was formerly named the North American Merchant Advance Association (NAMAA), a non-profit advocacy group that  represented… Read More

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