General News

March 8, 2016 @ 4:02 am By Erin Hobey  |  

The Consumer Financial Protection Bureau (CFPB) announced that it is accepting complaints from consumers encountering problems with loans from online marketplace lenders. The Bureau is also releasing a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who are considering taking… Read More

March 7, 2016 @ 9:33 pm By JD Alois  |  

International Financial firm Investec, a publicly traded company, has invested in H2 Ventures, a fintech accelerator based in Australia.  In a blog post on the H2 site the company explained; “At risk of blowing our own trumpet, we are delighted to announce today an investment… Read More

March 7, 2016 @ 2:11 pm By Samantha Hurst  |  

Last week, UK research firm Beauhurst announced that its latest research revealed that the number of UK private equity-backed fundraisings fell by 11% in 2015 with yearly deal figures reportedly dropping from 488 to 441. The company stated: “Looking at our data, we can see that private… Read More

March 7, 2016 @ 12:45 pm By Samantha Hurst  |  

Home security startup and Indiegogo success Canary recently announced that it has appointed Bob Stohrer as its new chief marketing officer. Stohrer reportedly joins Canary with more than 20 years of executive leadership experience for high-profile consumer brands across categories that included wireless and consumer… Read More

March 7, 2016 @ 10:31 am By Samantha Hurst  |  

Last week, crowdfunding platform Crowdfunder UK announced it has formed a new partnership with Virgin Startup to reportedly enable start-ups to raise finance, validate new concepts, pre-sell products, grow customer bases and market ideas. The portal shared: “Over the last few years there’s been a revolution… Read More

March 7, 2016 @ 9:16 am By Samantha Hurst  |  

Last week, GE’s FirstBuild announced, as part of the development of its new product Pique Coffee Brewer, it is launching the Cold Brew Challenge. This contest, which is looking to draw upon the power of crowdsourced design and the FirstBuild community, will offer an expected $30,000 in… Read More

March 5, 2016 @ 12:37 pm By JD Alois  |  

As the very first equity crowdfunding offer to go through the process of issuing shares and then listing on a public exchange under Reg A+, Elio Motors was bound to encounter a few bumps along the way.  One of the challenges was the transfer process… Read More

March 5, 2016 @ 9:22 am By JD Alois  |  

NextGen Crowdfunding will launch the first in a series of live “Ignition” events at SXSW later this month. NextGen is a relatively new entry into the crowdfunding industry having organized several successful crowdfunding-focused events The platform helps new and experienced investors explore the opportunities and risks… Read More

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