General News

December 2, 2015 @ 10:09 am By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, announced this week details about the inaugural AltFi Australasian Summit 2016 in Sydney, which is set to be held next February 29th in Sydney. This event will provide attendees with a deep dive into the inner workings of… Read More

December 2, 2015 @ 12:21 am By JD Alois  |  

The king of banks, JP Morgan Chase, has decided to partner with a so-far unnamed peer to peer / marketplace lending platform as it seeks to adapt to the fast changing sector of online finance.  CEO Jamie Dimon, speaking on a panel at a US… Read More

December 1, 2015 @ 4:20 pm By Samantha Hurst  |  

Last month, online real estate investment marketplace, EQUITYMULTIPLE, announced its entrance into the debt space by offering investors the ability to participate in a predevelopment bridge loan secured by a development site in San Francisco, California. EQUITYMULTIPLE, which is offering investors an annual return of nine… Read More

December 1, 2015 @ 4:04 pm By Samantha Hurst  |  

BillGuard, a personal finance analytics application and a subsidiary of Prosper Marketplace, on Tuesday announced significant updates to its pricing plans. The website is now offering several features of its money monitoring mobile application for free, enabling consumers to better control and protect their finances… Read More

December 1, 2015 @ 3:37 pm By Samantha Hurst  |  

Inkshares, a start-up crowdfunded book publisher, announced after running an initial publishing contest in the spring of 2015 with Sword and Laser, an award-winning science fiction and fantasy-themed book club, video show, and podcast, the website will be running a sequel contest with Sword & Laser to… Read More

December 1, 2015 @ 2:22 pm By Samantha Hurst  |  

On Tuesday, Chicago-based real estate crowdfunding platform PeerRealty announced it has successfully crowdfunded two separate senior housing investment opportunities. The website’s user base of accredited investors used the online crowdfunding platform to help fund the Village Pointe Commons senior housing development project in Grafton, Wisconsin,… Read More

December 1, 2015 @ 1:11 pm By Erin Hobey  |  

Five years ago, fintech trailblazer Peter Renton launched Social Lending Network which rebranded to Lend Academy in 2012. On his blog Renton reflects on industry changes during the half-decade. “Back in November 2010, Lending Club had issued less than $200 million in total loans and was focused primarily on retail… Read More

December 1, 2015 @ 12:48 pm By Erin Hobey  |  

P2P lender Funding Circle‘s peer-to-peer trust raised £150M in London Stock Exchange listing yesterday, reported The Telegraph’s Rebecca Burn-Callander.  The Funding Circle SME Income fund allows the company’s pool of investors to buy shares in the vehicle, which then allocates loans to a portfolio of small businesses,… Read More

December 1, 2015 @ 12:42 pm By Samantha Hurst  |  

A new report released on #GivingTuesday shows that crowdfunding is rapidly becoming a major way that American’s give back to their community. The report, issued by GoFundMe, shows that donations on the crowdfunding platform alone totaled $1.09 billion, which puts crowdfunded giving on par with donations… Read More

December 1, 2015 @ 12:14 pm By Erin Hobey  |  

Just over a year after securing a $2M seed round, Mirador today announced that the completion of a Series A round of financing. The $7 million investment was led by Core Innovation Capital, with participation from Nyca Partners and Jump Capital. Initial seed investors Collaborative Fund, Wicklow… Read More

December 1, 2015 @ 11:42 am By Erin Hobey  |  

In the first hours of going live on Companisto, the Hamburg-based start-up TripRebel raised over 75,410€ toward its 400,000€ funding goal. In 2015, the European Commission selected TripRebel as the “Best European Startup.” In January 2013, while TripRebel founder Carlos Borges was living in Bahia, Brazil, he sought  to… Read More

December 1, 2015 @ 11:37 am By Samantha Hurst  |  

progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has closed an $11.4 million Series A equity & debt financing round led by Cypress Hills Partners and Conconi Growth Partners. The… Read More

December 1, 2015 @ 10:53 am By Samantha Hurst  |  

Looking Glass Investments (LGI), a fixed-income alternative investment firm focused on marketplace lending, announced today that Main Street Capital Corporation (NYSE: MAIN), a Houston-based capital solutions partner for lower middle market companies seeking to grow or transition ownership, purchased an equity stake in LGI and… Read More

December 1, 2015 @ 10:30 am By Samantha Hurst  |  

RealtyMogul, an online marketplace for real estate investing, announced it has successfully closed on funds raised through its online crowdfunding platform that will help acquire The Palms, a 240-unit apartment community in Gulfport, Mississippi. The property was purchased for $10.7 million and the platform raised $1… Read More

December 1, 2015 @ 9:46 am By Samantha Hurst  |  

loanDepot, America’s lender, today announced the closing of a $150 million securitization of its popular unsecured personal loans accessed by consumers. This $150 million securitization was structured and sold by Jefferies, a global investment banking firm. In the first six months since launching its first… Read More

November 30, 2015 @ 5:47 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA) has taken the rather voluminous 668 pages of final rules for Title III retail crowdfunding and distilled them down into a more manageable 43 pages.  The report, embedded below, was created to augment CCA’s book How to Crowdfund book (available on… Read More

November 30, 2015 @ 4:32 pm By Samantha Hurst  |  

On Monday, media company Mashable announced it has teamed up with Visa to introduce its brand new marketplace, Mashable Shop. To celebrate the launch this holiday season, Mashable and Visa are offering custom apparel and accessories with designs from the Mashable Collective, along with curated, tech-focused… Read More

November 30, 2015 @ 3:26 pm By Samantha Hurst  |  

Gearing up for this year’s #GivingTuesday (December 1st), Generosity by Indiegogo announced that 296 campaigns and 17.9k donors have raised close to $2 million for towards the annual nonprofit event.  The platform revealed: “In 2014, 365 campaigns on Indiegogo raised over $10M for #GivingTuesday. We hope to… Read More

November 30, 2015 @ 2:17 pm By Samantha Hurst  |  

  Ready to offer up key advice on using the crowdfunding method, crowdfunding platform Crowdfunder UK announced it is launching a 7-week feature known as How To Crowdfund. As part of the first installment, Crowdfunder UK shared six steps to crowdfunding success: “Crowdfunding is a way to… Read More

November 30, 2015 @ 1:31 pm By Samantha Hurst  |  

Earlier this summer, Swedish startup PUGZ took to crowdfunding platform Kickstarter to raise funds for its new wireless earbuds. Described as “world’s first” wireless earphones that  allow users to charge them through smartphones, the key differentiator in PUGZ earphones UX is the company’s patented self-guiding… Read More