General News

January 23, 2016 @ 2:14 pm By Samantha Hurst  |  

This week, online marketplace for commercial property loans, Proplend, asked an important question: Is it time to let go on buy to let? The website stated in its blog: “In our article on 26th November 2015, just after the Autumn Statement, we briefly summarised the… Read More

January 23, 2016 @ 1:12 pm By Samantha Hurst  |  

This week, SeedUps Canada, the first investment crowdfunding platform to set up shop in the country, announced that it is launching the “Be the Dragon” Tour. The website shared the event will be making stops in Vancouver and Calgary with a mission to attract companies to the… Read More

January 23, 2016 @ 11:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a consultation paper to address the rules regarding client money requirements for “loan based crowdfunding platforms” including peer-to-peer & marketplace lending. According to the FCA, presently an investors money held in relation to peer to peer loans must… Read More

January 23, 2016 @ 10:50 am By JD Alois  |  

Digital Asset, a software company that is developing proprietary blockchain technology, just raised $50 million as 12 different financial services firms rushed to support the young company.  The investors include some of the biggest names in traditional finance like; Citi, JP Morgan, Santandar, PNC, BNP… Read More

January 22, 2016 @ 3:32 pm By Samantha Hurst  |  

Earlier this week, independent film distributor Array announced it was collaborating with Indiegogo for the 5th annual Array Soiree during the 2016 Sundance Film Festival. The Soiree will provide the opportunity to connect and activate this collective around the democratic advancement of diverse storytelling in independent… Read More

January 22, 2016 @ 2:06 pm By Samantha Hurst  |  

Earlier this month, crowdfunding platform for films Seed&Spark celebrated 2016 by taking a look back at its 2015 achievements. The Seed&Spark team shared: “2015 was a year of firsts (and thirds, and fourths) for Seed&Spark. We produced our first VR film. For the first time,… Read More

January 22, 2016 @ 12:57 pm By Samantha Hurst  |  

On Thursday, crowdfunding platform PledgeMe announced details about its new feature, private campaigns. The New Zealand-based website shared: “While most Kiwis were at the bach over the holidays, Team PledgeMe were hard at work adding new features to the platform, inventing new products, and searching for… Read More

January 22, 2016 @ 12:38 pm By Samantha Hurst  |  

Global education technology company, Learning Enterprises Organisation (LEO), announced this week that it has debuted the beta version of LEOcrowd, a new crowdfunding platform.  LEO stated that the platform will draw on its core education skillset, to provide project creators with support and advice on pitching,… Read More

January 22, 2016 @ 9:38 am By Samantha Hurst  |  

Horror Equity Fund, Inc, an investment platform for solicitation and sale of funding solutions for pre-screened and professionally vetted Horror genre entertainment projects, announced this week it has named a seasoned team of advisors, underscoring the company’s commitment to quality.  The advisory team includes the following:  David… Read More

January 22, 2016 @ 2:24 am By Midori Yoshimura  |  

2015 was a great year for financial technology (fintech), as recently released stats from Berkery Noyes show. Among other findings, 2015 saw 427 fintech mergers and acquisitions, a total transaction volume increase by 14 percent over 2014, from 376.  Total transaction value in 2015 more than doubled over… Read More

January 21, 2016 @ 12:41 pm By Samantha Hurst  |  

Last year, Hawaii-based company, Total Recall Technologies, filed a lawsuit against former employee and Oculus creator, Palmer Luckey, for breach of contract. Now, according to PCMag, U.S. District Judge William Alsup in San Francisco this week has rules that part of the lawsuit against Luckey, which… Read More

January 21, 2016 @ 11:39 am By Samantha Hurst  |  

JumpStartFund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Thursday the filing of construction permits with Kings County to kick off construction activities in Quay Valley. On-site preparation activities will commence in the coming weeks with principle construction beginning by the end of 2nd quarter 2016…. Read More

January 21, 2016 @ 11:26 am By Samantha Hurst  |  

Get excited, Exploding Kittens fans – your favorite inappropriate cat-themed card game is now available for iPhones! Exploding Kittens, which successfully secured $8,782,571 from 219,382 backers on Kickstarter, is described as a highly strategic kitty-powered version of Russian Roulette. Players take turns drawing cards until someone draws an exploding kitten and… Read More

January 21, 2016 @ 10:14 am By Samantha Hurst  |  

Startupbootcamp FinTech New York  announced on Thursday it has formed new partnerships with Deutsche Bank, Route 66 Ventures and WilmerHale to further expand the participation in its accelerator program. Startupbootcamp launched its New York FinTech Accelerator program in November 2015 and is now proud to announce… Read More

January 21, 2016 @ 8:33 am By Samantha Hurst  |  

On Thursday, UK-based equity investment platform VentureFounders announced it has not only completed a £1.8 million fundraiser, which will be used to fuel further growth for the investment platform that aims to make venture capital and angel style investing much more accessible, it has also appointed former CEO… Read More

January 21, 2016 @ 6:02 am By Erin Hobey  |  

Capitalia, represented in NASDAQ Riga stock exchange, is the leading alternative financing provider for small and medium enterprises in Latvia and Lithuania.  This January Capitalia  obtained necessary permits to broaden its services to the Estonian market. Citing the current financial conditions that cause banks to be more cautious when financing… Read More

January 21, 2016 @ 5:43 am By Erin Hobey  |  

Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More

January 21, 2016 @ 5:17 am By Erin Hobey  |  

Koinify, a crowdfunding platform for cryptocurrency projects, will cease operating website and data custody operations, essentially deleting all wallets and coin holdings of users who participated in campaigns and did not move their coins elsewhere. “Following previous notice, please note that Koinify site is officially shutting… Read More

January 21, 2016 @ 4:49 am By Erin Hobey  |  

Online lender Elevate Credit Inc. has postponed its initial public stock offering due to difficult market conditions, reported the Wall Street Journal. The firm was slated to price its initial public stock offering Thursday. Based in Fort Worth, Texas, Elevate Credit makes unsecured personal loans to subprime borrowers. In 2014, Elevate was spun out… Read More

January 21, 2016 @ 4:20 am By Erin Hobey  |  

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More