General News

August 24, 2015 @ 10:21 am By Samantha Hurst  |  

Chinese 3D printer manufacturer, Zhuhai CTC Electronic Co., Ltd. (CTC), has announced the cancelation of its Formaker all-in-one project on reward-based crowdfunding platform Kickstarter despite the initial success of the project, creating a big buzz across the industry. The Formaker, which debuted on Kickstarter at a… Read More

August 24, 2015 @ 10:21 am By Samantha Hurst  |  

Crowdcube is now presenting investors with output from Moody’s Analytics’ private company risk model to help them assess the bond investment opportunities listed on the site. Square Pie and Vanarama are the first to display the new Probability of Default (POD) figure that represents a probability that the business issuing the… Read More

August 23, 2015 @ 3:17 pm By JD Alois  |  

In its fourth consecutive year, Finance Magnates’ London Summit, taking place in November, expects this year’s event to be the biggest yet.  The gathering has been stretching its subject over the years to cover a diverse, cross-section of FinTech and new finance. Last year’s event had… Read More

August 22, 2015 @ 9:54 am By Samantha Hurst  |  

On Friday, beehive management company, Plan Bee, announced that it has appointed consumer goods veteran Mark McDavid as chairman. It also revealed that it is planning to return to equity crowdfunding platform Crowdcube to raise £200,000 for expansion. According to Herald Scotland, a Wishaw-based company that focuses… Read More

August 21, 2015 @ 5:56 pm By JD Alois  |  

China’s population lands somewhere around 1.4 billion. Within this group there are around 740 million mobile internet users.  In China, basically just about everything is happening on a mobile phone these days.  The internet moguls have quickly migrated from selling products to providing services and… Read More

August 21, 2015 @ 4:28 pm By Samantha Hurst  |  

Offering up details about the Israel-based platform, OurCrowd, CEO and co-founder Jon Medved sat down with TechCrunch to discuss everything from expansion to “lead deals.” While chatting about OurCrowd’s growth, Medved shared why the platform team is looking to open a San Francisco Bay area… Read More

August 21, 2015 @ 10:07 am By Samantha Hurst  |  

Fairway America (“Fairway”), an authority on small balance real estate (“SBRE”) pooled investment funds, announced today the launch of the Westland Apartment Fund LLC (the “Fund”) out of Portland, Oregon to managed by its client Westland Management Group, LLC (“WMG”). Westland Apartment Investors (“Westland”) was… Read More

August 20, 2015 @ 3:20 pm By Samantha Hurst  |  

On Thursday, Colborne Communications announced that it has acquired Pubslush. This acquisition will go into effect on Monday, August 24th, and crowdfunding platform will continue to take submissions for book funding and pre-order campaigns. Since 1977, Colborne Communications has provided a variety of editing, design… Read More

August 20, 2015 @ 3:04 pm By Samantha Hurst  |  

Nearly two months after its failed attempt to raise $100,000 on Indiegogo, German encrypted email startup, Lavaboom, announced that it is shutting down and has filed for bankruptcy. According to TechCrunch, CEO and co-founder Felix Müller-Irion admitted that Lavaboom intends to continue running its services until next… Read More

August 20, 2015 @ 2:00 pm By Samantha Hurst  |  

Tipalti, a provider of the global payments management platform, has been selected by fast-growing sharing economy companies Outsource.com, Visually, and Bizzabo to automate their partner payment processes. The companies join a growing list of crowdsourcing, on-demand, and sharing economy companies using Tipalti to manage payments to their global freelancers,… Read More

August 20, 2015 @ 12:20 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced CL Originate, a next-generation online loan origination platform. CL Originate offers cloud-based loan origination and underwriting platform, designed to meet online lenders’ demand for automated and instantaneous loan processing and real-time complex document… Read More

August 20, 2015 @ 11:59 am By Samantha Hurst  |  

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

August 20, 2015 @ 11:22 am By Erin Hobey  |  

EarlyShares announced Downtown Las Vegas Redevelopment status updates: •On Wednesday, August 12, the sponsor Metroplex Group closed escrow and acquired the property •The building is now being marketed for lease through online and offline efforts, and the space is being shown to prospective tenants. LOIs have already been… Read More

August 20, 2015 @ 11:16 am By Samantha Hurst  |  

RCS Capital Corporation (“RCS Capital”) (NYSE: RCAP) announced the closing of its previously announced private placement of $37.5 million of newly issued convertible preferred stock. In addition, RCS Capital revealed the addition of Marc Rowan, co-founder of Apollo Global Management, LLC (together with its subsidiaries, “Apollo”) (NYSE:  APO), and Anthony… Read More

August 20, 2015 @ 10:52 am By Erin Hobey  |  

SocietyOne co-founder Matt Symons said yesterday there was a strong correlation between the lender’s $200 million in loan ­applications and traffic on the get­creditscore.com website — a partnership with the nation’s leading credit bureau, Veda, reported The Australian‘s Richard Gluyas. More than 75,000 people have used the… Read More

August 20, 2015 @ 9:41 am By Samantha Hurst  |  

Camellia Network, a nonprofit crowdfunding and social support platform to help former foster children, has merged with national nonprofit Youth Villages to enhance and expand the service, Camellia Network founder and best-selling author Vanessa Diffenbaugh announced on Thursday. Diffenbaugh declared: “This is exciting news for all… Read More

August 19, 2015 @ 5:00 pm By Charles Kaufman and Jor Law  |  

If your company has decided to take advantage of the new avenues for reaching investors under Regulation A, the biggest task you face will be preparing an offering statement that includes mandatory disclosures about the offering and the offeror, and obtaining Securities and Exchange Commission… Read More

August 19, 2015 @ 1:28 pm By Samantha Hurst  |  

The Rare Genomics (RG) Institute announced on Wednesday the winners of the 2015 BeHEARD (Helping Empower and Accelerate Research Discoveries) science challenge, a global competition that offers rare disease researchers, who traditionally have difficulty attracting funding, grants of the latest life science innovations and technologies…. Read More

August 19, 2015 @ 12:11 pm By Samantha Hurst  |  

  Seeking to help organizers draw more attention to their projects, Indiegogo has revealed tips on how to get the press to cover campaigns. The crowdfunding platform stated: “We want every campaign on Indiegogo to be successful. Our team is constantly researching the best ways… Read More

August 19, 2015 @ 11:09 am By Samantha Hurst  |  

Grouplend, Canada’s peer-to-peer (P2P) lending platform, announced on Wednesday that it has closed an additional round of financing, having raised $10.2 million since launching ten months ago. The round is being led by Markus Frind, CEO of PlentyofFish, and Lance Tracey, founder of Peer 1… Read More