General News

November 18, 2015 @ 1:44 pm By Samantha Hurst  |  

On Wednesday, Reality Crowd TV (RCTV) announced it is shutting down its Virtual Incubator & Crowdfunding Network (VICN) community on November 29th.  The company will also be offline as it undergoes a complete restructuring and rebranding. Founder of RCTV/VICN, Manolis Sfinarolakis, penned: Dear Friends and Members of… Read More

November 18, 2015 @ 1:29 pm By JD Alois  |  

Orchard Platform has inked an agreement to partner with Bloomberg Professional service to provide the Orchard US Consumer Marketplace Lending Index. Orchard is a unique platform.  It is the digital pipeline for institutional funds flowing into marketplace lending loans.  This exchange of investors and borrowers… Read More

November 18, 2015 @ 1:24 pm By Erin Hobey  |  

Berlin start-up TradeMachines,  the world’s largest meta search engine for industrial auctions, launched a 500,000€ equity crowdfunding campaign on Companisto yesterday.  In the first day, the startup secured over 158,874€ from over 164 investors toward its goal. Since 2013, TradeMachines has brokered machine sales worth €2 billion, Listing 30 %… Read More

November 18, 2015 @ 12:44 pm By Samantha Hurst  |  

TuringSense, a Silicon Valley pioneer of wearable sports technology, announced this week that it secured $3 million during its latest seed funding round. Participating in the round were Angel Plus, ChinaRock Capital, Ideosource, SV Tech Ventures, Zen Water Capital, along with several serial entrepreneurs and angel investors…. Read More

November 18, 2015 @ 9:33 am By Samantha Hurst  |  

iFunding, a commercial real estate crowdfunding platform, announced on Wednesday that it has repaid its largest commercial loan to date for an investment in a $55 million construction project for two Courtyard Marriott hotels and a major office building located in Stamford, Connecticut. While iFunding… Read More

November 18, 2015 @ 9:00 am By Erin Hobey  |  

“As the crowdfunding economy grows it will spur economic prosperity, create new jobs and ultimately improve follow-on funding outcomes for scalable ventures looking to succeed in the incredibly dynamic and connected global markets we live in today.” As readers know, The Centre for Alternative Finance at University of… Read More

November 17, 2015 @ 4:15 pm By Samantha Hurst  |  

On Tuesday, EarlyIQ, Inc. announced the immediate availability of EarlyIQ CrowdSelect, the company’s fully hosted suite of services that enables compliance by investment intermediaries including crowdfunding platforms and broker/dealers. CrowdSelect will meet all background and investor requirements under the new Regulation Crowdfunding rules recently approved… Read More

November 17, 2015 @ 2:46 pm By Samantha Hurst  |  

$1.5 billion Brennan Investment Group Completes Third Transaction with RealtyMogul. RealtyMogul, the online marketplace for real estate investing, today announced a successful $1.2 million equity raise for Brennan Investment Group to acquire a two property, 132,997 square-foot flex industrial portfolio in Houston and Stafford Texas…. Read More

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