General News

October 21, 2015 @ 9:00 am By Erin Hobey  |  

Creditera has not only launched an enhanced marketplace for small business financing with recommendations based on their credit data and needs, but also a personal and business credit dashboard that guides business owners with personalized action plans. The launch of these features aligns with the company’s… Read More

October 21, 2015 @ 8:59 am By Erin Hobey  |  

New York’s sixth annual FinTech Innovation Lab, a 12-week program co-founded by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintech companies accelerate product and business development by gaining exposure to bank and venture capital executives is accepting applications until… Read More

October 21, 2015 @ 2:40 am By Therese Torris  |  

A random collection of people met and statements heard at the LendIt Europe conference, day 1, October 20th, 2015. Samir Desai, Cofounder and Director, Funding Circle: “We’re a marketplace, we don’t hold inventory, we don’t take any balance sheet risk, yet our interest is truly… Read More

October 20, 2015 @ 7:31 pm By JD Alois  |  

PCH’s hardware accelerator Highway1 is accepting applications for the Spring 2016 program. Interested startups are welcome to apply for the San Francisco based program that has generated multiple success stories.  The accelerator has also increased the amount of initial investment for participants.  Startups may receive… Read More

October 20, 2015 @ 12:47 pm By Erin Hobey  |  

Citing the German proverb „Besser auf neuen Wegen etwas stolpern, als in alten Pfaden auf der Stelle zu treten,“ Innovestment has decided to introduce some key changes to its platform.  With a more streamlined corporate philosophy, a new SPV option, a newly standardized investment process and a relaunched… Read More

October 20, 2015 @ 11:23 am By Samantha Hurst  |  

Cloud Lending Solutions, a global cloud infrastructure company, announced on Tuesday the launch of CL Multi-Country Extension, a lending technology platform to support global operations. With CL Multi-Country Extension, marketplace lenders can manage all operations from a single system, including bank integrations, funds movement and… Read More

October 20, 2015 @ 11:03 am By Erin Hobey  |  

AvantCredit, one of the UK’s fastest growing marketplace lenders announced that it has provided GBP100 million in loans in the UK market since launching in October 2013.  The company, which has issued nearly 35,000 loans in the UK to date, uses innovative technology and machine-learning algorithms,… Read More

October 20, 2015 @ 8:08 am By Samantha Hurst  |  

On Tuesday, point of demand lending platform, Pay4Later, announced it has signed a deal with new partner peer-to-peer (P2P) lender, Lending Works, to join its fast growing consumer lending platform. The deal means Pay4Later may now extend market reach and increase credit acceptance for merchants… Read More

October 19, 2015 @ 5:51 am By JD Alois  |  

Virgin Money has partnered-up with World First in a push to “positively disrupt the international payments industry.  Virgin Money has positioned itself as the anti-bank. It presently provides savings, mortgages, credit cards, current accounts, pensions, investment and protection products using the philosophy of offering good… Read More

October 19, 2015 @ 5:34 am By JD Alois  |  

The Crowdfunding Professional Association (CfPA) will be holding its 3rd annual “Crowdfinance Summit” in Washington, DC this December.  The annual gathering comes at an opportune time as final rules under Title III of the JOBS Act are expected to be announced soon.  According to the… Read More

October 18, 2015 @ 5:09 pm By JD Alois  |  

The US Department of Treasury, via its FinCen or Financial Crimes Enforcement Network, is ringing warning bells when it comes to rewards based crowdfunding. FinCen notes a rise in “suspicious activity reports” (SARs). In a report published this past week, FinCen spotlighted rewards based crowdfunding… Read More

October 18, 2015 @ 4:13 pm By JD Alois  |  

Crowded out by the huge announcement of AngelList signing a deal that will direct $400 million towards early stage startups made possible by CSC Upshot was the revelation the platform had launched a new App for startup jobs.  Described as like the Tinder for tech… Read More

October 17, 2015 @ 9:43 am By Samantha Hurst  |  

On Thursday, Kickstarter hosted its fifth annual film festival in 35 theaters nationwide. The event showed off some of the best features, documentaries, and shorts funded through the crowdfunding platform. The Kickstarter team previously declared: “For one night only, 32 theaters across the country will… Read More

October 16, 2015 @ 2:14 pm By Samantha Hurst  |  

Hoping to continue the expansion of its company, Dutch crowdfunding platform, Lendahand, recently launched a second campaign on Symbid. Lendahand, which was founded by Peter Heijen, Koen The, and Peter Stolze, provides funds to small and medium enterprises (SMEs) in emerging economies. These include countries such… Read More

October 16, 2015 @ 1:30 pm By Samantha Hurst  |  

On Friday crowdfunding platform,  RocketHub, announced that one of its projects, Lunar Lion Moon Mission, has successfully hit a funding milestone. Penn State’s Lunar Lion is led by director of Space Systems Initiatives at Penn State’s Applied Research Laboratory, Michael Paul. The project’s team is the… Read More

October 16, 2015 @ 10:18 am By Samantha Hurst  |  

WePay, a provider of payments as a service for online platforms including GoFundMe, Care.com and FreshBooks, today announced it has been named by Silicon Valley Business Journal as the 5th fastest-growing private company in the region. In making the list, WePay joins an impressive cadre… Read More

October 16, 2015 @ 6:00 am By JD Alois  |  

The Financial Industry Regulatory Authority (FINRA) published its proposed portal rules for crowdfunding platforms under Title III of the JOBS Act of 2012.  The guidelines from FINRA have been expected for some time and with the SEC ready to announce final rules for retail crowdfunding… Read More

October 16, 2015 @ 2:00 am By JD Alois  |  

AlliedCrowds has published two new reports quantifying the growth of crowdfunding in the developing world. In Q3, AlliedCrowds saw $110 million raised on crowdfunding platforms across multiple countries. One of the challenges for crowdfunding platforms are payments. In countries with better established mobile payment services… Read More

October 15, 2015 @ 4:24 pm By Samantha Hurst  |  

Ready to offer up crowdfunding advice, eMOOV’s founder and CEO Russell Quirk penned a guest piece for Tech City News about how to successfully use the funding method. Named a ‘Disruptor of the Year’ by the FT, eMoov is an online estate agent platform backed by James… Read More

October 15, 2015 @ 2:33 pm By Samantha Hurst  |  

Giving backers a closer look at Indiegogo Alum Flow Hive’s honey progress, creator Cedar Anderson offered up a virtual tour. Flow Hive was created by father-son duo Australian natives, Cedar and Stuart Anderson, and is considered a “revolutionary” beehive invention that allows its users to harvest… Read More