General News

March 4, 2016 @ 3:16 pm By Samantha Hurst  |  

On Friday, marketplace lending platform, Promise Financial, announced it has surpassed $5 million in loan originations and now arranges more than $1 million of financing each month. Promise Financial revealed it is experiencing rapid growth by addressing a growing need in the U.S. where there… Read More

March 4, 2016 @ 3:09 pm By JD Alois  |  

CrowdRating, an independent platform that seeks to rate securities that are raising capital online, has published a report based on data culled from 155 equity crowdfunding campaigns from April 2015 to December 2015. The crowdfunded offerings were taken from four different platforms: Crowdcube, Seedrs, SyndicateRoom… Read More

March 4, 2016 @ 2:28 pm By Samantha Hurst  |  

This week, University of Buffalo School of Management released a new study that found three key factors that crowdfunding campaigns need to achieve their goals. According to the research, high-quality photos and video, previous crowdfunding success and positive comments. Study co-author Yong Li, PhD, associate professor… Read More

March 4, 2016 @ 12:35 pm By Samantha Hurst  |  

Earlier this week, Canary CEO Adam Sager sat down with CNBC to discuss the company’s home products, the importance of customer satisfaction and how it competes with other companies in the “Internet of Things” (IoT).  Last month, Sager revealed that Canary’s first-year sales were bigger than… Read More

March 4, 2016 @ 11:42 am By Samantha Hurst  |  

On Thursday, Aussie-based small business lender, Kikka Capital, announced it has signed a new deal with Qantas‘ SME rewards program, Acquire. Kikka will reportedly be joining more than 35 existing Acquire partners including telecommunications and hotel firms. Sharing details about the deal, Kikka Capital CEO Milko Radotic stated: “We… Read More

March 4, 2016 @ 10:28 am By Samantha Hurst  |  

This week, Swedish crowdfunding platform, FundedByMe, announced it has received approval from the FSA for its loan making process. FundedByMe revealed: “In light of the material FSA has received, in the request, judges FSA to FundedByMe Crowdfunding Sweden Aktiebolag [does not] need to take any… Read More

March 4, 2016 @ 9:43 am By Samantha Hurst  |  

The New York State Restaurant Association announced this week that it has selected fintech company has selected Bizfi  as the exclusive financial provider for its members. Bizfi’s platform enables the NYS Restaurant Association to provide its more than 2,000 members access to multiple types of funding… Read More

March 3, 2016 @ 5:50 pm By Samantha Hurst  |  

OTC Markets Group Inc.,  operator of open, transparent and connected financial markets for 10,000 U.S. and global securities, announced this week its financial results for the fourth quarter and fiscal year 2015. R. Cromwell Coulson, president and CEO of OTC Markets, stated: “Our record revenues in… Read More

March 3, 2016 @ 3:19 pm By Samantha Hurst  |  

Biz2Credit announced on Thursday that it has release a new study that revealed the average annual revenues and loan approval percentages of women-owned companies increased significantly last year. The online  credit marketplace analyzed more than 35,000 applications from business owners on its platform during 2015…. Read More

March 3, 2016 @ 7:55 am By Erin Hobey  |  

The Dublin-based fintech start-up Deposify has raised €1.1million to fund its US expansion from a number of sources including Bank of Ireland’s Start-Up and Emerging Sectors Equity Fund, which is managed by Delta Partners. “It is fantastic to see Deposify expanding their innovative business model into… Read More

March 3, 2016 @ 6:57 am By Erin Hobey  |  

Thomson Reuters,  a leading source of global news and information for professional markets, announced its partnership with FinTech accelerator SuperCharger to bring technology and market data access to FinTech firms undergoing its Hong Kong based program. “Hong Kong continues to be a leading and dynamic… Read More

March 3, 2016 @ 6:31 am By Erin Hobey  |  

The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More

March 3, 2016 @ 12:01 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and ICB, the world’s largest bookkeeping membership organization, today announced a partnership to offer ICB USA members a “fast and affordable financing solution” for their clients, according to the release. The collaboration will enable ICB bookkeepers to… Read More

March 2, 2016 @ 9:42 pm By Ron Miller  |  

  The democratization of startup funding promised by the JOBS Act has already begun, with a handful of Regulation A+ equity crowdfunding offerings already qualified by the SEC to raise capital and many others in the process of gaining qualification. Considering the early interest in… Read More

March 2, 2016 @ 2:41 pm By Samantha Hurst  |  

On Wednesday, technology startup Eight (formerly known as Luna) announced it has closed $6 million in seed funding with participation from investors such as Y Combinator, Yunqui Partners, Azure Capital, Cota Capital, Comcast Ventures, Vast Ventures, Stanford University, Galvanize Ventures, Y Combinator partner and Scribd co-founder Jared Friedman. … Read More

March 2, 2016 @ 12:33 pm By Samantha Hurst  |  

On Wednesday, Kickstarter announced it was opening creator community space “Campus” for everyone. “Campus” was reportedly created a year ago  and allowed creators to connect with one another through the community to ask for advice and trade insights about the creative process. The crowdfunding giant… Read More

March 2, 2016 @ 11:26 am By Samantha Hurst  |  

Influitive, an advocate marketing expert firm, announced that the company has raised an additional $8.2M in a Series B extension round. The additional financing comes from new investors Leaders Fund and Export Development Canada (EDC). Returning investors include Georgian Partners, Relay Ventures, BDC Capital IT… Read More

March 2, 2016 @ 10:38 am By Samantha Hurst  |  

The Women Startup Challenge, which is considered one of the largest initiatives to bring together top early-stage women-led startups, launched a national competition to showcase and help fund their ventures. The challenge is described as a national effort to promote game-changing women-led startups focused on… Read More

March 2, 2016 @ 8:38 am By JD Alois  |  

Marketing firm Command Partners, a company that has targeted the crowdfunding sector, has announced it has acquired “Art of the Kickstart” podcast. Founded by Matt Ward in 2014, Art of the Kickstart is said to have interviewed more than 100 crowdfunders who have raised over $20… Read More

March 2, 2016 @ 8:00 am By Erin Hobey  |  

Cloud Lending Solutions today announced the availability of CL Lease™, an end-to-end, cloud-based asset leasing solution that enables efficient servicing and asset management for institutional, independent and captive lessors. With CL Lease, lessors have a fully integrated leasing solution that shortens time-to-market on product offerings, enables lower… Read More