General News

October 6, 2015 @ 11:01 am By Erin Hobey  |  

Not yet a toddler, the three month old loan service Basix has hit some enviable milestones. California-based online lending startup, ZestFinance, has secured a $150 million debt financing deal with global investment giant Fortress Investment Group for Basix. Founded in 2009 by former Google CIO Douglas Merrill, ZestFinance… Read More

October 6, 2015 @ 9:45 am By Erin Hobey  |  

If, like Frank Sinatra, Chicago is your kind of town, PeerRealty has an investment opportunity for you.  PeerRealty investors may now invest in a fund that has already acquired over a half-dozen office properties in Chicago’s River North, West Loop and North Shore submarkets. Real estate crowdfunding platform PeerRealty… Read More

October 6, 2015 @ 12:00 am By Erin Hobey  |  

FlashFunders announced on its one-year anniversary that it has successfully funded over ten million dollars in startup seed rounds. In addition to this investments milestone, FlashFunders will partner with Raven Ventures to ensure that featured offerings are provided access to an extensive global network of accredited investors. Raven… Read More

October 5, 2015 @ 12:32 pm By JD Alois  |  

RenRen is a publicly traded company that is listed (ADRs) on the New York Stock Exchange (NYSE:RENN). The company is making an attempt to go private and has an offer on the table to buy-out shareholders at a price of $4.20 per share. RenRen’s traditional… Read More

October 5, 2015 @ 11:51 am By JD Alois  |  

Fundable founder Will Schroter has announced a new company to its growing portfolio of businesses and services. Fundable is a software as a service crowdfunding provider that offers both investment and rewards services. According to Schroter, they have just acquired Zirtual, a virtual assistant platform… Read More

October 5, 2015 @ 10:56 am By Erin Hobey  |  

Kickstarter phenoms and Pentagram Associate partners Jesse Reed and Hamish Smith have experienced quite a crowdfunding year.  A little less than a year after raking in $802,812 on Kickstarter and setting a Kickstarter design record for their New York City Transit Authority Standards Manual project, graphic designers Reed and Smyth… Read More

October 5, 2015 @ 10:14 am By JD Alois  |  

Even financial has formed a new partnership with the New York Institute of Finance (NYIF) to offer their students the option to finance their tuition via online lenders.  Even is a supply side provider of online lending that aggregates many different marketplace lending platforms. NYIF offers… Read More

October 5, 2015 @ 10:08 am By Erin Hobey  |  

IndiaLends, a credit and financial technology startup based in New Delhi, has closed a $1M bridge round led by existing investors DSG Consumer Partners, Siddharth Parekh and Gautham Radhakrishnan. IndiaLends was cofounded by Gaurav Chopra, who has an MBA from the London Business School, and Mayank Kachhwaha, who graduated from IIT… Read More

October 5, 2015 @ 9:23 am By Erin Hobey  |  

uBiome, the San Francisco-based company behind a self-sampling microbiome testing service, has been celebrated in two major national competitions, both focusing on technology and innovation. uBiomeʼs CEO and co-founder, Jessica Richman, was announced overall winner of the IVY Innovator Awards presented by Cadillac, in San Francisco… Read More

October 5, 2015 @ 8:16 am By JD Alois  |  

Kabbage is now extending more than $5 million per day to small businesses, according to a company report. The online lender states it achieved this milestone less than six months after reaching $3 million funded to businesses daily.  Kabbage says it is set to triple… Read More

October 3, 2015 @ 1:00 pm By JD Alois  |  

Financial services technology company Fiserv has published research on the UK alternative finance market that indicates new finance will top £10 billion by 2020. According to the report, UK SMEs will benefit dramatically from the growth of peer to peer lending and crowdfunding over the… Read More

October 3, 2015 @ 8:00 am By JD Alois  |  

SME lending firm Balboa Capital has put together an interesting infographic that highlights some data surrounding women in business. According to information they have correlated; There are over 9 million women-owned businesses in the US 500 female-owned businesses are opened each day 30% of US… Read More

October 2, 2015 @ 6:15 pm By JD Alois  |  

SEC Commissioner Daniel Gallagher said farewell to agency he has called his professional home for so many years. A true champion of small business and rational regulation, Gallagher published a final note as  he ended one chapter and prepared to start a new one. In… Read More

October 2, 2015 @ 1:10 pm By JD Alois  |  

iDisclose has announced the launch of its online tool that enables entrepreneurs to draft institutional-grade disclosure documents for private offerings perfect for equity crowdfunding issuers. Called private placement memorandums (PPMs), iDisclose streamlines the disclosure process for small and startup businesses.  According to the Fintech company, the… Read More

October 2, 2015 @ 12:16 pm By JD Alois  |  

Orchard, an important participant in the online lending world, benefits from a unique perspective.  The company powers the digital pipes that channel billions of dollars of institutional money into marketplace lending platforms.  As a valued partner in the P2P / Marketplace lending space, Orchard took… Read More

October 2, 2015 @ 11:30 am By Erin Hobey  |  

Fintech innovation in India is burgeoning!  Indian  Chillr, an Indian peer-to-peer (P2P) mobile money transfer app that spun off from MobME, secured US$6 million in a Series A round funding led by trailblazing Sequoia Capital, according to e27‘s Sainul Abudheen K. Run by Kochi-based startup Backwater Technologies, Chillr plans… Read More

October 1, 2015 @ 8:38 pm By JD Alois  |  

UK’s largest “sharing economy” company JustPark (over 750,000 registered users) has published some data that targets the nascent sector that has been defined by the likes of AirBnB.  JustPark raised a stellar £3.7 million earlier this year in an equity crowdfunding round. The company has… Read More

October 1, 2015 @ 3:45 pm By Samantha Hurst  |  

RealtyMogul, the online marketplace for real estate investing, announced it is currently raising capital for Mobile Home Park (MHP) Fund which will seek to acquire, add value and reposition MHPs that are generating income but which it deems to be under-valued, under-managed, under-performing or improperly capitalized…. Read More

October 1, 2015 @ 2:43 pm By Samantha Hurst  |  

Inkshares, a crowdfunded book publisher, and Nerdist, the wildly popular digital network founded by comedian and television personality Chris Hardwick, announced today the winners of the Inkshares Nerdist Collection Contest. In a surprise decision, Nerdist shared that two, not one, of the five finalists will… Read More

October 1, 2015 @ 2:08 pm By Samantha Hurst  |  

Earlier this week, Crowdfunder announced new follows and messaging tools that will help investors and companies to be more in touch on its crowdfunding platform. The Crowdfunder team shared: “Investing is inherently social. Investors are investing in the founders and their team just as much… Read More