General News

February 4, 2016 @ 5:03 am By Erin Hobey  |  

Fintech opportunities are percolating in southeast Asia. Earlier this week, the Silicon-based venture capital firm, Sequoia Capital, closed a $920 M fund capital to invest majorly in Indian startups along with South East Asian companies.  With the reserve bank actively studying peer lending, this part of the globe… Read More

February 4, 2016 @ 4:42 am By Erin Hobey  |  

During the past two years, eight companies in Index Ventures’ portfolio went public, including Pure Storage, King, Just Eat and Hortonworks, while many others expanded significantly, including Funding Circle,Adyen, BlaBlaCar, Deliveroo, Slack and Sonos. Seven out of 10 Index’s investments originated at Seed or Series… Read More

February 4, 2016 @ 4:16 am By Erin Hobey  |  

Arbor Commercial Mortgage, LLC, an American direct commercial real estate lender, today unveiled ALEX (Arbor LoanExpress), an online loan origination platform. Developed for direct borrowers, brokers and correspondent lenders, ALEX is designed to streamline and organize the multifamily lending process, helping clients easily and efficiently obtain market-leading… Read More

February 4, 2016 @ 1:13 am By Midori Yoshimura  |  

EY and Innovate Finance have just announced the launch of a FinTech secondment program, according to a recent press release. As the only Big Four member of Innovate Finance, one of the world’s largest membership association for FinTech, EY will second members of staff into Innovate… Read More

February 3, 2016 @ 4:57 pm By JD Alois  |  

Yesterday SunTrust Banks (NYSE:STI) made an announcement that Eric  Brewer, present head of Treasury & Payment Solutions, will push over to Commercial Banking to lead a new internal initiative. The new objective is the creation of the “Payments Technology Industry Specialty in Commercial & Business… Read More

February 3, 2016 @ 11:21 am By Samantha Hurst  |  

Following the release of the highly anticipated Kickstarter, Blue Mountain State: The Rise of Thadland, the film and TV show’s creator, Eric Falconer, announced it was dubbed #1 on iTunes charts in the U.S. and several other countries. Falconer stated in an update this morning: “It didn’t… Read More

February 3, 2016 @ 10:24 am By Samantha Hurst  |  

Touchjet, a company that creates interactive Android touch technology on a large and portable scale, announced on Wednesday it was named a winner of the 2016 BIG Innovation Awards presented by the Business Intelligence Group. Touchjet’s first product, the Touchjet Pond Projector, turns any flat… Read More

February 3, 2016 @ 10:10 am By Samantha Hurst  |  

On Wednesday, Kickstarter alum Petcube, Inc.,  announced it has raised $2.6 million during a recent funding round led by Almaz Capital. It was joined by AVentures Capital and Y Combinator. Petcube is part of the Y Combinator Winter 2016 class. The company will use the funds… Read More

February 3, 2016 @ 1:36 am By Midori Yoshimura  |  

German online lending platform Spotcap has successfully closed its third financing round, according to the company’s recent press release. The Berlin-based financial technology company raised EUR 31.5 million in new funding led by international private equity firm, Finstar Financial Group, with participation from previous investor Holtzbrinck Ventures…. Read More

February 2, 2016 @ 3:01 pm By Samantha Hurst  |  

On Tuesday, Kickstarter introduced “Projects We Love” Badges feature to its widely popular crowdfunding platform. The Kickstarter crew declared: “To date, there have been more than 280,000 creative projects on Kickstarter — phew! Whether you’re a backer looking to find great ideas, or a creator looking… Read More

February 2, 2016 @ 2:51 pm By Samantha Hurst  |  

Last month, Double Fine closed the crowdfunding campaign on Fig for its highly anticipated video game, Psychonauts 2.  According to the campaign page, the initiative raised over $3.8 million from 24,000 backers. A portion of the funding is part of an equity crowdfunding offer under Regulation A+,… Read More

February 2, 2016 @ 12:07 pm By JD Alois  |  

In a sign of the times, USC’s Marshall School of Business has launched a course focusing soley on Fintech. While Fintech is an all encompassing term for internet finance, the USC course will focus on the “entrepreneurial spirit” of the movement. So what will students… Read More

February 2, 2016 @ 11:28 am By Samantha Hurst  |  

KoreConX, a free all-in-one solution that is disrupting the market by helping companies navigate the equity crowdfunding process and reduce risk, announced on Tuesday its brand new feature, the “Deal Room.” This all-in-one solution helps companies navigate the process of raising equity capital, and simplifies shareholder… Read More

February 2, 2016 @ 6:13 am By Erin Hobey  |  

Capital Cell is the first European equity crowdfunding platform specializing in biotech and  life sciences startups and companies.  Capital Cell links with entrepreneurs seeking funding with investors who want to invest their money in projects with a high growth potential. To date the Barcelona-based equity crowdfunding platform founded in 2015… Read More

February 2, 2016 @ 5:18 am By Erin Hobey  |  

J.P. Morgan Chase & Co. has agreed to acquire nearly $1 billion worth of personal loans arranged by LendingClub Corp., people familiar with the deal reported Nasdaq’s Telis Demos. The portfolio, worth just over $900 million and comprising loans made to consumers with an average FICO… Read More

February 2, 2016 @ 5:04 am By Erin Hobey  |  

OCBC Bank has launched a fintech co-working space and innovation unit in Singapore and its first accelerator program to identify and collaborate with innovative startups. The 2,400-square foot Open Vault at OCBC has been established to help drive the development of new products and business models… Read More

February 2, 2016 @ 4:44 am By Erin Hobey  |  

Creditnation.in, a lending platform which combines credit advisory, analytics, process automation and last-mile connectivity, has announced that it has raised angel round funding for an undisclosed amount.  The platforms deals primarily in credit cards, loan against property, housing, personal, auto and business loans, and have already partnered… Read More

February 2, 2016 @ 4:27 am By Erin Hobey  |  

FinTech Sandbox, a nonprofit that helps FinTech startups access data and build great products, today announced a new data sourcing agreement with the global news company, The Associated Press. The AP will provide FinTech Sandbox residents with access to AP’s financial, business and political news… Read More

February 1, 2016 @ 3:35 pm By Samantha Hurst  |  

Inkshares, a start-up crowdfunded book publisher, announced on Monday it will be expanding its partnership with Nerdist to include sister site, Geek & Sundry, for six fan-driven publishing contests throughout 2016.  According to the website, these contests will seek submissions in genres that speak to… Read More

February 1, 2016 @ 12:15 pm By Samantha Hurst  |  

On Monday, Crowdcube announced #FundedClub members, ioLight and The Eden Project, have teamed up for a special collaboration. The equity crowdfunding platform stated: “Eden Project are enthusiastic supporters of fellow #FundedClub member ioLight and were excited by the opportunity to test the ioLight microscope. ioLight,… Read More