General News

December 12, 2015 @ 11:00 am By JD Alois  |  

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More

December 12, 2015 @ 10:15 am By JD Alois  |  

UBS has recognized several Fintech firms as part of the UBS Future of Finance Challenge. Winners included Richmond based WealthForge an investment crowdfunding service provider. The competition was global with over 600 participants from 52 different countries. The initiative by UBS is designed to uncover… Read More

December 12, 2015 @ 9:38 am By JD Alois  |  

  The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to… Read More

December 11, 2015 @ 3:53 pm By Samantha Hurst  |  

This week, a group of Clemson University fans launched a crowdfunding platform dedicated to collegian athletes called UBooster. According to the New York Times, UBooster is on a mission to help athletes achieve their dreams by soliciting payments for high school recruits from fans, and delivering the… Read More

December 11, 2015 @ 11:28 am By Samantha Hurst  |  

This week, UK-based equity crowdfunding platform Crowdcube sat down with its #FundedClub member, HAB HOUSING, to discuss its growing business. HAB HOUSING, which was founded in 2007 by Kevin McCloud, launched a crowdfunding campaign two years ago and secured over £1.9 million thanks to 640… Read More

December 11, 2015 @ 11:16 am By Samantha Hurst  |  

On Thursday, the European Investment Fund (EIF) and iwoca have signed their first COSME agreement in the UK to help a greater number of SMEs gain access to finance. The initiative benefits from the support of the European Fund for Strategic Investments (EFSI) through which the… Read More

December 11, 2015 @ 9:10 am By Samantha Hurst  |  

On Friday, wearable startup, Atlas Wearables, announced the completion of shipping Indiegogo orders. In January 2014, the Atlas Wristband secured over $638,000 through the global crowdfunding platform. The Atlas Wristband enables athletes and trainers to focus their time and resources on maximizing their workouts by… Read More

December 11, 2015 @ 12:08 am By Midori Yoshimura  |  

In India, crowdfunding norms will soon be put into place to help entrepreneurs raise funds through crowdfunding, and discussions are underway to allow sale of mutual funds through e-commerce platforms, announced U. K. Sinha, chairman of India’s capital markets regulator, the Securities and Exchange Board of India (SEBI),… Read More

December 10, 2015 @ 1:55 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Lending Works released a new report that revealed a large proportion (27%) of its customers didn’t know how much interest they were paying on their debt before taking out a debt consolidation loan with the peer-to-peer lender. Of those respondents that were… Read More

December 10, 2015 @ 12:05 pm By Samantha Hurst  |  

CommonBond, a marketplace lending platform that lowers the cost of student loans for borrowers and provides financial returns to investors, announced on Tuesday it is set to provide each company employee up to $100 every month, or $1,200 each year, to help pay down their loans…. Read More

December 10, 2015 @ 11:23 am By Samantha Hurst  |  

Back in October, UK-based equity crowdfunding platform, Seedrs, announced plans to expand in the U.S. in early 2016. The website declared one year ago its intent broaden its investment crowdfunding platform into the US with the acquisition of US-based Junction Investments.  Junction, at least initially, had… Read More

December 10, 2015 @ 9:30 am By JD Alois  |  

Innovate Finance, a non-profit group that promotes the UK’s leadership in the booming FinTech sector, has partnered with BritishAmerican Business to boost their message and solidify the relationship between New York City and London: the two leading financial centers in the world. Both entities will… Read More

December 10, 2015 @ 9:00 am By Erin Hobey  |  

Real estate investment firm Madison Marquette today announced the launch of Napa Valley’s “first-ever” crowdfunded real estate investment opportunity on RealCrowd. Founded in 1992, Madison Marquette’s targets infill retail and urban mixed-use real estate in major US gateway markets. Madison Marquette specializes in enhancing the value of its projects… Read More

December 9, 2015 @ 5:47 pm By JD Alois  |  

In an email distributed to platform users, and shared with Crowdfund Insider, investor verification company Crowdentials announced it was shutting down the platform as of December 31st, 2015. The note, authored by co-founder Richard Rodman, explained the industry had not scaled as anticipated thus challenging… Read More

December 9, 2015 @ 4:40 pm By Samantha Hurst  |  

Continuing its new crowdfunding series “Campaign Prep Calendar,” Indiegogo shared the four things that every organizer should do a month before a campaign launch. The global platform shared: “Creating a compelling, informative and engaging campaign will help your potential backers learn more about your idea and… Read More

December 9, 2015 @ 3:22 pm By Samantha Hurst  |  

Earlier this week, commercial real estate marketplace lending platform, Money360, Inc., announced the appointment of John Maute, co-founder of Helios AMC, and Jon Barlow, founder and former CEO of Eaglewood Capital Management, to its Board of Directors. Evan Gentry, CEO and founder of Money360, stated: “We… Read More

December 9, 2015 @ 3:00 pm By Samantha Hurst  |  

RealtyMogul, an online marketplace for real estate investing, announced on Wednesday it has provided a mezzanine loan to assist in the acquisition of Kearny Office Park along with Cathay Bank, who provided the senior debt. Kyu Mahn Hwang, a San Diego-based individual is the sponsor… Read More

December 9, 2015 @ 2:00 pm By Samantha Hurst  |  

On Wednesday, marketplace lending platform Payoff, Inc. announced it will provide members of its site monthly access to FICO Scores for free beginning January 2016. Scott Saunders, founder and CEO of Payoff, shared: “We are committed to helping people understand their financial health. By providing free… Read More

December 9, 2015 @ 1:18 pm By Erin Hobey  |  

nTrust, a fintech platform that allows users to transfer money via mobile, tablet or desktop to anyone, anywhere, noted its induction into MaRS Discovery District’s Financial Technology (FinTech) Cluster. Bridging the gap between stakeholders and innovators, MaRS’ FinTech hub seeks to connect the financial services sector with… Read More

December 9, 2015 @ 1:11 pm By Samantha Hurst  |  

Groundfloor, a real estate lending marketplace open to non-accredited investors, announced on Wednesday it has closed a $5 million Series A round led by Fintech Ventures. Previous investors also participated in the round, bringing the company’s total financing to $7.5 million to date. On the heels… Read More