General News

October 1, 2015 @ 12:32 pm By Samantha Hurst  |  

Continuing their fight for “religious rights,” owners of the infamous Oregon bakery, Sweet Cakes By Melissa, announced that they will not pay the lesbians, they refused service to because of their beliefs, $135,000 for state-ordered  damages. This past summer, the bakery was ordered to pay a… Read More

October 1, 2015 @ 10:34 am By Samantha Hurst  |  

LoanDepot LLC, a marketplace lending platform, announced on Thursday the appointment of Michael H. Wilson as SVP, Information Technology. Michael H. Wilson joins loanDepot after serving as CIO and Director of IT Strategy at Ball Aerospace where he led classified and unclassified IT strategy, including… Read More

September 30, 2015 @ 5:11 pm By JD Alois  |  

VPC Specialty Lending Investments has provided an update on their previously announced share offer.  VPC states that a total of 183 C million shares will be issued at a price of £1/share. The amount was slightly lower than published in September. Victory Park Capital Advisors… Read More

September 30, 2015 @ 4:01 pm By Samantha Hurst  |  

On Wednesday, Pozible announced that 10,000 projects have been launched through its crowdfunding platform and over $40 million has been pledged. The company stated: “Pozible has ticked past some pretty mega milestones recently, with our 10,000th project launching within a week of our $40 millionth… Read More

September 30, 2015 @ 1:59 pm By Samantha Hurst  |  

Seeking to help the next generation of entrepreneurs, Kickstarter announced it has formed a partnership with the Children’s Museum of Pittsburgh. The crowdfunding platform declared in a recent blog post: “People are getting more and more into making things. From the White House to the… Read More

September 30, 2015 @ 1:50 pm By Samantha Hurst  |  

During the Clinton Global Initiative (CGI) Annual Meeting closing plenary this month, Tata Communications and MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women. The global telecommunications leader… Read More

September 30, 2015 @ 12:25 pm By Samantha Hurst  |  

Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder… Read More

September 30, 2015 @ 10:50 am By Samantha Hurst  |  

MMKT Exchange LLC (“MMKT” or the “Company”),  a secure digital exchange that introduces efficiency, liquidity and transparency to the outdated middle market loan syndication process while increasing accessibility to a broader base of purchasers, announced on Wednesday that it has launched its loan syndication platform and closed… Read More

September 30, 2015 @ 10:06 am By Samantha Hurst  |  

LendInvest, an online lender for bridging finance, has appointed Matthew Tooth as the company’s first Head of Distribution. The platform, which spun out of Montello, the short-term mortgage finance specialist, in 2013, has originated close to £400 million of loans for borrowers seeking finance deals… Read More

September 30, 2015 @ 8:04 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published its most recent data on complaints filed against financial institutions. While the top line number dropped, removing the  Payment Protection Insurance (PPI) category saw the overall number jump by 11.6% versus the same period year prior. The increase was… Read More

September 30, 2015 @ 8:00 am By Erin Hobey  |  

Today Cloud Lending Solutions celebrated securing $8 million in Series A venture funding.  The platform, the fintech industry’s only end-to-end lending solution built natively on salesforce.com disclosed that the new funding will be used to support market expansion and further develop the company’s engineering and innovation capabilities. The funding round was… Read More

September 29, 2015 @ 8:25 pm By JD Alois  |  

Regulation A+ is the newest securities exemption to hit the US rule book.  Legalized under Title IV of the JOBS Act, Reg A+ allows anyone to invest – not just accredited investors. It also allows for a unique option of gauging investor interest prior to… Read More

September 29, 2015 @ 4:40 pm By Samantha Hurst  |  

On Monday, equity crowdfunding platform, truCrowd, announced that three companies are now ready to accept Texas non-accredited and accredited investors. Taking advantage of the relatively new Texas crowdfunding exemption, the state’s non-accredited investors can now invest up to $5,000 in any equity offerings and become… Read More

September 29, 2015 @ 4:36 pm By Samantha Hurst  |  

With less than a month away from its official launch at Money 20/20, marketplace platform for small business financing, Quote 2 Fund, announced on Tuesday Bank of the Internet co-founder, Mike Berengolts, will take the lead in programming and development for the San Diego-based small business… Read More

September 29, 2015 @ 12:38 pm By Erin Hobey  |  

Fy has made a niche for itself as a shoppable Instagram: a daily feed of unique, affordable products from emerging brands around the world. Currently fundraising on Seedrs, Fy seeks to raise £375,001 for 9.94% equity offered.  Valued at £3,399,074, Fy has already secured more than £220,964,… Read More

September 29, 2015 @ 11:44 am By Erin Hobey  |  

As a market leader in the secondary market for e-commerce and valued at 11,500,000€, Returbo is a profitable business likely to generate more than €6M in revenues in 2015.  By selling customer returns and other secondary market products through its more than 30 online sales channels including Amazon and eBay,… Read More

September 29, 2015 @ 11:10 am By Erin Hobey  |  

Thomson Reuters will begin tracking crowdfunding data on its Eikon desktop, as new research projects explosive growth in the UK’s alternative finance market.  Thomson Reuters partnered with Crowdnetic, a provider of real-time data and research to the global marketplace-lending and crowdfunded-startup industries for the new… Read More

September 29, 2015 @ 9:48 am By Samantha Hurst  |  

Creamfinance LLC, a European online consumer lending company, has recently reached an agreement with peer-to-peer lending platform Mintos. From now on, investors will be offered an opportunity to invest in short-term unsecured loans issued in Georgia. According to the CEO Matīss Ansviesulis, an initiative to join the… Read More

September 29, 2015 @ 8:00 am By Midori Yoshimura  |  

Dwellxchange, a real estate crowdfunding website that connects homeowners and investors, will officially launch today. Founded by Eric Eckardt, an online real estate entrepreneur and former investment banker, Dwellxchange will offer homeowners a method by which to extract equity in their homes by connecting with… Read More

September 28, 2015 @ 3:42 pm By Samantha Hurst  |  

PulsePoint, a global programmatic platform for brand engagement, announced its recent $30 million debt financing from Silicon Valley Bank. The funds will be used for business expansion and future acquisitions of technology companies. This announcement comes on the heels of PulsePoint being named an Inc…. Read More