General News

February 5, 2016 @ 4:38 pm By Samantha Hurst  |  

With Indiegogo success Miles Ahead set to hit theaters this spring, actor Don Cheadle sat down with Entertainment Weekly to discuss his role as Miles Davis. While discussing his history with Miles Davis’ music, Cheadle stated: “He was someone that my parents listened to. The music… Read More

February 5, 2016 @ 3:09 pm By Samantha Hurst  |  

Earlier this week, global venture capital seed fund and startup accelerator, 500 Startups, announced that six companies have joined its London Distro Dojo program. Among the six was Seedrs success and creative shopping app, Fy. According to Venture Beat, 500 Startups announced in December that it would begin… Read More

February 5, 2016 @ 2:12 pm By Samantha Hurst  |  

On Friday, marketplace for small business loans, Fundera, released its two-year anniversary report. This document revealed the company’s growth to date. Since launch, Fundera has facilitated approximately 2,200 loans totaling over $115 million in funding to small businesses. At this time last year, the website has… Read More

February 4, 2016 @ 4:28 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, today announced a strategic relationship with Millennium Alternative Investment Network (MAIN), an efficient end-to-end solution that offers investors access to an increasing range of alternative investments. Starting this year, accredited investors will be able to access… Read More

February 4, 2016 @ 4:14 pm By Samantha Hurst  |  

Earlier this week, platform for small business loans OnDeck announced it has added former chief financial officer of E*Trade, Bruce Nolop, to its Board of Directors. Nolop currently holds board positions with Marsh & McLennan Companies, Inc., a global professional services firm; TEGNA Inc., a broadcast and… Read More

February 4, 2016 @ 3:29 pm By JD Alois  |  

COIN, the one card to rule them all, has been slapped with a class action lawsuit filed by Kronenberger Rosenfeld, a San Francisco-based law firm that specializes in internet, tech and media law.  The suit was filed against COIN alleging they “knowingly marketed a defective product”…. Read More

February 4, 2016 @ 10:02 am By JD Alois  |  

FitPay has announced the closing of $3.1  million in seed funding led by Giesecke & Devrient (G&D). FitPay was founded by payment industry veterans Michael Orlando, Scott Stevelinck and Chris Orlando. Th co-founders have worked at companies like Visa and CyberSource.  G&D is a supplier of mobile… Read More

February 4, 2016 @ 6:00 am By Erin Hobey  |  

Indonesia’s Financial Services Authority (FSA), which regulates the banking and non-banking sector, is working with the Ministry of Communications and Information to bring out regulations governing online startup companies offering financial services, popularly referred to as fintech, reported DealStreetAsia. Indonesia is Southeast Asia’s largest economy (US$890B).  The new regulation will… Read More

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