General News

March 31, 2016 @ 9:55 am By Erin Hobey  |  

Global Credit Investments has called itself the first Australian fund to invest in peer-to-peer loans, according to The Sydney Morning Herald.  The small fund, set up by former Goldman Sachs banker Steven Sher and former Bain & Co consultant Gavin Solsky, is the latest of a new breed of financial intermediaries which has been buying loans American… Read More

March 31, 2016 @ 9:19 am By Samantha Hurst  |  

With crowdfunding continuing to grow in popularity, Indiegogo has unveiled ten reasons why entrepreneurs are making their way to its funding portal. The global crowdfunding website shared: “The Indiegogo community has explored the potential of crowdfunding and helped shape our platform into what it is… Read More

March 31, 2016 @ 9:16 am By Erin Hobey  |  

Canada’s growing fintech space saw online lending platform, Lendified Inc., join forces with Vancouver-based Mentio Technologies, a platform specializing in automated cash flow forecasting. For Lendified, which offers online loans to Canadian small business owners, the acquisition marks an expansion into global markets as Mentio’s multi-currency technology serves customers… Read More

March 31, 2016 @ 9:11 am By JD Alois  |  

The Securities and Exchange Commission has settled charges with infamous VC – G. Steven Burrill regarding a case where Burrill allegedly stole investor money to pay for private jets and trips to Paris and St. Barts. Burrill was sued last year in the Superior Court of… Read More

March 30, 2016 @ 4:10 pm By Samantha Hurst  |  

Taking some time away from their duties at the 2016 New York International Auto Show, the team at Elio Motors, Inc. (OTCQX: ELIO) shared some details (and photos) of the annual event. The company shared on Wednesday: “Hello Elio’ers!  We’re right in the thick of the New… Read More

March 30, 2016 @ 3:20 pm By Samantha Hurst  |  

On Wednesday, Singapore-based bullion retailer, Silver Bullion Pte Ltd., announced the launch of its 1-month bullion secured peer-to-peer(P2P) loans. Silver Bullion previously offered loan durations of 6 months, 12 months and 24 months secured by physical gold and silver collateral stored in its vault, The Safe… Read More

March 30, 2016 @ 12:40 pm By Samantha Hurst  |  

On Wednesday, crowdfunded brewery, BrewDog, announced it is launching a new craft beer delivery service for its London customers. BrewDog teamed up with Deliveroo for the service and will allow customers to purchase bottled beers directly from its bars in Clapham Junction, Clerkenwell, Shepherd’s Bush, Shoreditch, Soho, and King’s Cross…. Read More

March 30, 2016 @ 12:18 pm By Samantha Hurst  |  

MobileCause, a mobile, social and online fundraising platform, announced on Wednesday that it has teamed up with nonprofit education organization, Step Up For Students, to launch a series of digital fundraising and communication campaigns for scholarships and wraparound services. According to MobileCause, the new partnership… Read More

March 30, 2016 @ 11:31 am By Samantha Hurst  |  

This week, equity crowdfunding platform Crowdcube caught up with #FundedClub member Pobble to discuss what the company has been up to since its funding success. According to Crowdcube, Pobble is on a mission to create a more literate world, by giving teachers a means to inspire… Read More

March 30, 2016 @ 7:52 am By JD Alois  |  

Leading mortgage peer to peer lender LendInvest has published a statement of caution and concern regarding the recently increased stamp duty tax on buy-to-let properties.  Christian Faes, CEO of LendInvest, called the Stamp Duty Land Tax (SDLT) increase “bad news” as landlords will be facing… Read More

March 29, 2016 @ 7:13 pm By JD Alois  |  

Former Fox Business Network contributor Tobin Smith has settled fraud charges with the Securities and Exchange Commission. Smith was terminated by Fox in 2013 for “sponsored investment research”.  Basically Smith was pumping penny stocks that he, along with NBT   Group (ironically as in the… Read More

March 29, 2016 @ 5:07 pm By Samantha Hurst  |  

On Tuesday, robo-adviser firm Betterment announced it has received a total of $100 million from venture capital investors during a series E funding round. The company also confirmed that its valuation has raised from $450 million to $700 million. Swedish investment firm, Kinnevik, led the funding round. Previous… Read More

March 29, 2016 @ 9:28 am By Samantha Hurst  |  

On Monday, Kickstarter-success Oculus hit the streets of Brooklyn to visit the crowdfunding giant’s headquarters and brought over its famous project, Rift. The company successfully securing $2.4 million on Kickstarter nearly three and a half years ago. Last week, CEO of Oculus, Brendan Iribe, announced on Twitter that the… Read More

March 29, 2016 @ 9:19 am By JD Alois  |  

Finstar Financial Group wants to build its Fintech portfolio and has hired Paul Muhr, an experienced investment banker to boost M&A and capital markets projects. Until recently Muhr was a Vice President at Citi and before that at Goldman Sachs. Muhr’s hiring is said to… Read More

March 29, 2016 @ 6:29 am By JD Alois  |  

Raed Khawaja has joined fintech firm Even Financial to help boost platform growth. Khawaja was formerly VP, Business Development for Bankrate (NYSE:RATE), one of the largest players in the fast growing financial services customer acquisition market with a valuation of about $1 billion. According to… Read More

March 28, 2016 @ 4:48 pm By Samantha Hurst  |  

Last week, Mums of Prima Baby Magazine announced that it has shortlisted KalliKids for its 2016 “Can’t Live Without” Award. The company recently launched an equity crowdfunding campaign on Seedrs to raise £150,000. The company’ goal is to help parents find activities for their children while on… Read More

March 28, 2016 @ 1:13 pm By JD Alois  |  

Full service brokerage Capital One Investing has announced a “fund evaluator tool” to the bells and whistles of their investor services.  Capital One joins the growing legions of both Fintech startups and traditional financial firms that see the value in providing automated services as a… Read More

March 28, 2016 @ 12:10 pm By Samantha Hurst  |  

Over the weekend, Oculus founder Palmer Luckey flew to Anchorage, Alaska to deliver the very first Rift VR package was preordered by Ross Martin in January. As previously reported, Oculus CEO Brendan Iribe, announced the company has officially started to ship its Rift virtual reality headsets…. Read More

March 28, 2016 @ 10:59 am By Samantha Hurst  |  

On Monday, Digitech Venture Capital Fund, Inc. announced it has made its first venture capital investment in Texas warranty management startup, SmartHome Hero. Paul C. Watson, Digitech’s CEO, stated: “I’ve been on both sides of investments from prestigious PE funds, to lesser known angel groups and VC funds…. Read More

March 27, 2016 @ 9:46 pm By JD Alois  |  

The SEC Enforcement division shut down an allegedly bogus operation run by John Bivona based in New Jersey. Bivona, via Saddle River Advisors and SRA Management Associates, raised money from unsuspecting investors promising access to pre-IPO tech companies in the San Francisco bay area.  According… Read More