General News

November 24, 2015 @ 7:40 am By JD Alois  |  

Pensco Trust Company has always been at the forefront of embracing alternative asset classes for its customers. In a low-interest rate environment the hunt for yield is intense and new asset classes have been able to deliver better returns.  Pensco believes that Title III of… Read More

November 23, 2015 @ 5:41 pm By JD Alois  |  

KoreConX has announced speakers for its Canadian 102 Cross Canada Tour.  Sessions will take place in Toronto, Vancouver, Calgary, Montreal and Halifax. The first event, in Toronto, took place today. The meetings will focus on the laws and regulations that apply in Canada and how… Read More

November 23, 2015 @ 4:34 pm By Samantha Hurst  |  

Just a few days after the closing of BLOCKS’ Kickstarter campaign, the business advisor of the company, Phillip Jarman sat with his alum mater, Imperial College London, to discuss the startup’s creation and success. BLOCKS, which was co-founded by Serge Didenko and Alireza Tahmaseb, created the… Read More

November 23, 2015 @ 2:40 pm By Samantha Hurst  |  

Fundera, an online marketplace for small business loans, announced on Monday the release of its new report on the State of Online Small Business Lending. The platform believes that this new document shows its dedication to transparency in the alternative lending sector. The report was… Read More

November 23, 2015 @ 1:32 pm By Samantha Hurst  |  

Tax preparation and filing solution company TaxAct announced on Monday that it has formed a partnership with marketplace lending platform Biz2Credit and business management platform Webiquity. President of TaxAct, JoAnn Kintzel, stated: “We’re excited to add Biz2Credit and Webiquity as partners in supporting our customers who… Read More

November 23, 2015 @ 12:55 pm By Samantha Hurst  |  

Last year, Mass Fidelity Inc.’s Indiegogo crowdfunding campaign for the Core Wireless Speaker System and Core Wireless Sub become the top crowdfunded Canadian company. Now, the company is ready to share details about its success with the funding method.   Noting what inspired the Core project, the company stated: “The Core is the… Read More

November 23, 2015 @ 11:25 am By Samantha Hurst  |  

  Earlier this year, 90’s hip hop group, De La Soul, launched a crowdfunding campaign on Kickstarter to raise funds for its new and highly anticipated album. Now nearly seven months after achieving over $600,000 through the funding initiative, the band has announced the record’s released… Read More

November 23, 2015 @ 11:16 am By Samantha Hurst  |  

On Monday, online marketplace for real estate investing, RealtyMogul,  announced a full capital stack transaction combining debt and equity with the successful purchase of a 112-unit apartment community, Bristol Park Apartments, in Fayetteville, NC. Bristol Park Apartments, located six miles southwest of the US Army Base… Read More

November 23, 2015 @ 10:25 am By Samantha Hurst  |  

Last week, LQD Business Finance, a Chicago-based small business lending firm, announced it closed a $30 million credit facility with Route 66 Ventures. The credit facility will help LQD accelerate growth and expand lending operations nationally. The company was launched in 2013 to offer structured small… Read More

November 23, 2015 @ 9:56 am By JD Alois  |  

Cowen and Company, a publicly traded (NASDAQ:COWN) diversified financial services firm, is looking at the potential benefits of leveraging Regulation A+.  Title IV of the JOBS Act allowed the SEC to update old Reg A thus creating a securities exemption that has actually experienced some… Read More

November 23, 2015 @ 9:52 am By Samantha Hurst  |  

On Monday, retailer Brookstone announced the arrival of the Indiegogo success, Bluesmart carry-on smart, connected suitcase. Originally started as an Indiegogo crowdfunding campaign, Bluesmart uses a combination of Bluetooth, GPS, and innovative technologies not found in other suitcases to do things other suitcases simply can’t…. Read More

November 21, 2015 @ 6:09 pm By JD Alois  |  

The FDIC has published an advisory on Effective Risk Management Practices for Purchased Loans and Purchased Loan Participations.  The document states that banks should use caution when purchasing loans or participating in shared credit facilities.  Noting that some institutions have experienced some success to achieve growth… Read More

November 20, 2015 @ 4:49 pm By JD Alois  |  

Victory Park Capital (VPC) and KKR have announced a $175 million asset-backed securitization of unsecured consumer loans originated via Avant, a direct lending platform. The securitization was priced on Nov. 13. The transaction pairing KKR and VPC is a first. According to company representatives, the… Read More

November 20, 2015 @ 3:43 pm By Samantha Hurst  |  

BrightLocker, an Austin, Texas-based crowd-publishing platform that was created by a group of video game industry veterans, has recently unveiled its Beta website that is dedicated to help backers participate in the funding, creation, selection and development of games. Ruben Cortez, CEO of BrightLocker, Inc., stated: “In… Read More

November 20, 2015 @ 3:28 pm By Samantha Hurst  |  

TWINO, a Latvian marketplace lender, announced this week that exactly one month since its launch, €c1 million was invested in the loans from Poland, Denmark and Georgia. The platform revealed that the total investment volume reached €2.4 million, with the monthly run rate surpassing €1 million… Read More

November 20, 2015 @ 12:46 pm By JD Alois  |  

Equity crowdfunding and its success will eventually be measured based off the returns generate for the investors. In the US ,equity crowdfunding is still in its infancy with only accredited crowdfunding having gained some minor traction. In the UK, which boasts a more enlightened regulatory… Read More

November 20, 2015 @ 11:35 am By Samantha Hurst  |  

With Thanksgiving less than one week away, Indiegogo shared details about a few campaigns that are showing the real reason for the holiday. The crowdfunding platform announced: “Thanksgiving is a national holiday filled with tradition, joy, food and gratitude. Every year, family members and loved… Read More

November 20, 2015 @ 10:17 am By Samantha Hurst  |  

This week, crowdfunding platform Indiegogo announced that high-profile retailer Target has decided to showcase some of its projects at its San Francisco Open House store. According to Engadget, select devices from Indiegogo are set to show up in the retailer’s connected-home experiment. Indiegogo COO, David Mandelbrot, stated: “We… Read More

November 20, 2015 @ 8:47 am By Samantha Hurst  |  

Earlier this month, small business marketplace lender, StreetShares, announced the appointment of Troy A. Paredes to its Board of Advisors. From 2008 until 2013, Paredes served as a Commissioner of the U.S. Securities and Exchange Commission (SEC), having been appointed by President George W. Bush. At… Read More

November 19, 2015 @ 4:33 pm By Samantha Hurst  |  

On Wednesday, social media giant Facebook unveiled its new feature, Fundraisers, that provides fundraising tools for nonprofits. Facebook’s VP of Product Management, Naomi Gleit, shared: “With more than 150 million people around the world connected to a cause, Facebook is a global community of volunteers, donors… Read More