General News

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

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