General News

November 17, 2015 @ 2:31 pm By JD Alois  |  

The SEC has filed fraud charges against alleged perpetrators of a $78 million pump & dump scheme involving shares of Marley Coffee.  The company, Jammin Java, was marketed using the trademarks of reggae performer Bob Marley. In a release by the SEC, officials stated that… Read More

November 17, 2015 @ 11:17 am By Samantha Hurst  |  

RCS Capital Corporation (NYSE: RCAP) announced financial results for the quarter ending September 31st. Q3 EPS was stated at $0.10.  This missed analyst expectations by $0.03/share.  Revenue for the quarter stood at$589.6 million or, excluding $48.7 non-cash revenue, $540.9 million. The release comes on the heal’s… Read More

November 17, 2015 @ 10:56 am By Samantha Hurst  |  

This week, Sphere Realty Capital (Sphere) announces the nationwide launch of its crowdfunding platform for individual investors, institutional investors and real estate companies. Sphere is described as a full-service, real estate crowdfunding platform that brings together the three primary, though historically distinct, elements of commercial real estate:… Read More

November 17, 2015 @ 9:46 am By Samantha Hurst  |  

On Tuesday, Squadrone System announced it has shipped its widely known autonomous drone, Hexo+, to the US market and abroad. Initially launched through a Kickstarter campaign, where it closed out at $1.3 million from over 2,300 backers in July 2014, HEXO+ was designed with the user… Read More

November 17, 2015 @ 8:08 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA) has published its agenda for the Third Annual Crowdfunding Summit scheduled for December 2nd in Washington, DC. Sam Guzik, President of the CfPA, stated; “As we head into 2016 there is greater need for “JOBS Act Industry” participants to exchange… Read More

November 16, 2015 @ 4:14 pm By Samantha Hurst  |  

This week, CrowdfunderUK’s co-founder and director of communications, Dawn Bebe, revealed why UK startup should consider going for a “funding cocktail.” Explaining what a “funding cocktail” really is, Bebe stated: “Increasingly businesses, charities and social enterprises are finding that combining funding solutions in a ‘cocktail’ is a… Read More

November 16, 2015 @ 3:52 pm By Samantha Hurst  |  

Despite capturing £3.7 million during its record-breaking Crowdcube campaign earlier this year, UK-based parking innovator JustPark has unfortunately laid off some of its employees. Sources close to Just Park (formerly ParkatmyHouse.com) revealed to Business Insider that 20 out of 44 employees have been let go from the company, which was founded… Read More

November 16, 2015 @ 2:10 pm By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, recently announced the winners of this years AltFi Awards. Among the winners were Funding Circle and SyndicateRoom. It was noted that this year AltFi split the award categories into three sections: Industry, Small Business & Investor. “For the industry… Read More

November 16, 2015 @ 10:52 am By Samantha Hurst  |  

On Monday, Indiegogo announced that it has formed a new partnership with retailer, Brookstone, in an effort to bring more crowdfunding products into the market faster. The global crowdfunding platform revealed that campaign organizers will now be able to submit their ideas directly to Brookstone’s… Read More

November 16, 2015 @ 10:49 am By Erin Hobey  |  

Founded in May 2014, the Philippine-based fintech startup  Satoshi Citadel Industries (SCI) initiated Boom Cash, an SMS-based wallet that allows a person to send and receive money digitally without an Internet connectivity. SCI co-founder and CEO John Bailon told Deal Street Asia that Boom Cash is the product of an internal hackathon,… Read More

November 16, 2015 @ 10:28 am By Erin Hobey  |  

  Quadriga Fintech Solutions Corp. claims that it launched Canada’s first R&D lab for blockchain technology. The lab’s first project will be the development of a platform with two core functions: handling the onboarding and client data management for financial crime systems using the blockchain and… Read More

November 16, 2015 @ 10:10 am By Samantha Hurst  |  

On Monday, Kickstarter alum, Blink, announced it has raised an additional $5.8 million from private investors. The DIY smart home monitor surfaced on the crowdfunding platform in 2014 and secured over $1 million from nearly 7,000 backers. Peter Besen, CEO of Immedia, the company behind the… Read More

November 16, 2015 @ 9:54 am By Samantha Hurst  |  

Symbid (OTCQB:SBID), one of the world’s first investment crowdfunding platforms, announced on Monday that it has reported 30% in revenue growth during 2015’s third quarter. Korstiaan Zandvliet, co-founder and CEO of Symbid, shared: “We are delighted to report continued strong revenue growth from an increasing number of… Read More

November 16, 2015 @ 9:48 am By Erin Hobey  |  

  “Throughout the course’s seven weeks, students will explore different sub-industries within the FinTech space, including consumer finance, payments, trading and cryptocurrencies.” The Martin Trust Center for MIT Entrepreneurship and the Finance Group at the MIT Sloan School of Management, in collaboration with the MIT… Read More

November 15, 2015 @ 9:44 pm By JD Alois  |  

Global bank Santander has halted, at least temporarily, its intent to securitize $1 billion in marketplace lending loans. According to a report in Asset-Backed, this will back out an agreement to purchase loans from the largest domestic marketplace lending platform Lending Club.  Apparently Santander is… Read More

November 15, 2015 @ 8:05 pm By JD Alois  |  

Our friends at the University of Berkeley have sent us a note they are looking for someone in the crowdfunding space. The relatively new Berkeley Crowdfunding platform is looking for someone to act as Crowdfunding Manager. Berkeley Crowdfunding provides a platform for students and faculty… Read More

November 14, 2015 @ 11:53 am By Samantha Hurst  |  

Earlier this week, CrowdfunderUK’s brand communications manager, Jess Ratty, was chosen to appear at the TEDxBristol 2015 held at Bristol’s Colston Hall. She shared her thoughts about all things crowdfunding. The crowdfunding platform noted that the sold out event was set to be one of the largest in… Read More

November 14, 2015 @ 11:30 am By Samantha Hurst  |  

This week, equity crowdfunding platform Crowdcube caught up with one of its #FundedClub members, Cornwall-based The Eden Project, to discuss its progress and crowdfunding success. Described as the world’s largest indoor rainforest, the Eden Project sought to raise capital with a £1 million mini-bond offer. Crowdcube noted:… Read More

November 13, 2015 @ 3:51 pm By Samantha Hurst  |  

On Friday, Angels Like Rebels, a new platform that is dedicated to empowering musical artists through crowdfunding and crowd-marketing, announced that more than 30,000 fans have pledged over $500,000 towards 22 selected musicians just one week after launching on November 5th. Alexander Volgin, founder of Angels… Read More

November 13, 2015 @ 2:10 pm By Samantha Hurst  |  

On Friday, equity crowdfunding platform Crowdcube announced that research revealed that its bonds are notably “increasing the interesting rate.” The UK-based website shared: “The bonds on Crowdcube enable our crowd of over 220,000 people the opportunity to invest in more established businesses. In return, investors are receiving… Read More