General News

July 28, 2015 @ 2:07 pm By Samantha Hurst  |  

Amazon today announced Amazon Launchpad, a new program that makes it easy for startups to launch, market, and distribute their products to hundreds of millions of Amazon customers across the globe. The program offers a streamlined onboarding experience, custom product pages, a comprehensive marketing package,… Read More

July 28, 2015 @ 1:31 pm By Samantha Hurst  |  

On Tuesday, fundraising platform Innovairre, and crowdfunding provider Fundly announced a strategic partnership to deliver a funding solution as a part of Innovairre’s first of its kind software platform. This new crowdfunding module will be offered to Innovairre’s clients and prospects through Innovairre MC, the fully integrated fundraising… Read More

July 28, 2015 @ 12:50 pm By Samantha Hurst  |  

Onevest announced on Tuesday it is about to reach $2M in financing for its Series A round after self–crowdfunding on its own platform. The company’s round of funding has five days left on the platform before it closes. The platform launched the 506c offering to celebrate the implementation of Title IV… Read More

July 28, 2015 @ 12:45 pm By Erin Hobey  |  

Established in 2012 and based in the UK and Hungary, Powered Now focuses on developing software for business owners. Co-founders are the serial entrepreneurs and e-commerce trailblazers Chris Barling (who set up Actinic in 1996) and Benjamin Dyer, a software developer and former director at… Read More

July 28, 2015 @ 11:55 am By Erin Hobey  |  

The Monetary Authority of Singapore (MAS) has announced the formation of a new Fintech & Innovation Group (FTIG) to be headed up by former Citibank executive, Sopnendu Mohanty. Effective August 1, FTIG will be responsible for creating development strategies and regulatory policies around technology innovation… Read More

July 28, 2015 @ 11:35 am By Erin Hobey  |  

Payments startup Stripe landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion. According to the announcement, Stripe signed an agreement with Visa to work on digital transactions such as website ‘buy… Read More

July 28, 2015 @ 10:58 am By Erin Hobey  |  

Mambu, the SaaS banking platform provider, today announced that Reparo Finance, an independently-owned business finance company  specializing in SME business lending, has selected Mambu to launch a new business line offering loans to small-to-midsize enterprises (SMEs) in the UK.  The company chose Mambu’s cloud-based platform… Read More

July 28, 2015 @ 9:39 am By Samantha Hurst  |  

On Tuesday, LitCap, a litigation funding technology platform that connects preeminent attorneys with lenders to facilitate case cost financing, announced its technology release 4.0.1. This release is considered an alternative asset funding of litigation financing for lenders. Britton Holland, COO and President stated: “LitCap’s release 4.0.1 significantly enhances… Read More

July 28, 2015 @ 9:33 am By JD Alois  |  

Cash Genie, operated by Ariste Holding Limited, has agreed to pay over £20 million to over 92,000 former customers for unfair business practices. According to the Financial Conduct Authority (FCA), Cash Genie charged fees and interest which were unfair. The FCA gave the example of Cash… Read More

July 27, 2015 @ 3:47 pm By Samantha Hurst  |  

Remedy Partners, a developer and manager of bundled payment programs for government and private health insurers, announced it has raised $50 million from Bain Capital Ventures during a Series B financing round. The capital will be used to support Remedy’s dramatic growth in new customers and partnerships…. Read More

July 27, 2015 @ 3:12 pm By Samantha Hurst  |  

Research and Markets has announced the addition of the “The Disruptive Potential of Marketplace Lending in the U.S. Consumer Credit Market” report to its offering. 10 years ago, the concept of marketplace lending was a quirky idea that intrigued a few venture capitalists. Today, marketplace lenders are some of… Read More

July 27, 2015 @ 2:01 pm By Samantha Hurst  |  

Last year, studio League of Geeks launched a Kickstarter campaign for its project, Armello. The description of the game reads,”The King, once Armello’s wise and benevolent ruler, has fallen ill to a dark and mysterious force known only as the Rot. Slowly eating his body and soul, the Rot… Read More

July 27, 2015 @ 1:27 pm By JD Alois  |  

Jason Best, Principle at Crowdfund Capital Advisors and early proponent of crowdfunding, hit the studios of CNBC to chat up investment crowdfunding and its largest market – China.  Best notes that crowdfunding, both debt and equity, is an important part of China policy and their… Read More

July 27, 2015 @ 11:50 am By Samantha Hurst  |  

Offering up his thoughts on crowdfunding, EquityNet’s Judd Hollas sat down with Arkansas Business to discuss the funding method along with the platform’s history. During the interview, Hollas shared details about EquityNet: “Since 2005, we’ve been operating one of the largest business crowdfunding platforms, providing… Read More

July 27, 2015 @ 11:37 am By Samantha Hurst  |  

Berlin-based technology company Panono has announced its plan to release the first edition of its highly anticipated Panono Camera, which is considered the first consumer camera to exceed 100 megapixels and instantly deliver high-resolution, 360° X 360° full-spherical panoramic images. The Panono Explorer Edition will be delivered to… Read More

July 27, 2015 @ 10:16 am By Samantha Hurst  |  

Castle Biosciences, Inc., a provider of molecular diagnostics to improve cancer treatment decisions, today announced it has closed the first tranche of a $20 million Series F financing, raising $11.7 million. The funding will be used to accelerate the growth in clinical adoption of Castle… Read More

July 27, 2015 @ 10:08 am By JD Alois  |  

Lawrence Lessig, the Harvard Professor and serial gadfly turned PAC operator, is out as CEO of Mayday PAC – an entity he created to fix the world of money and politics. Lessig is being replaced by law professor, and former New York governor candidate, Zephyr… Read More

July 27, 2015 @ 9:19 am By Samantha Hurst  |  

China Rapid Finance, China’s online consumer lending marketplace serving online users and China’s emerging middle class, today announced an initial closing of $35 million in its Series C round of financing at a pre-money valuation of US $1 billion. The round was led by Broadline… Read More

July 27, 2015 @ 8:39 am By JD Alois  |  

Last week Crowdfund Insider shared a report by KPMB/CB Insights that quantified the rocketing venture capital sector – at least in part fueled by a growing population of Unicorns.  Today Dow Jones VentureSource chimes in on Europe stating VC capital accumulation more than doubled in… Read More

July 26, 2015 @ 9:39 pm By JD Alois  |  

FinFair, a crowd-centric conference that aims to bring together Wall Street legends with FinTech innovators, will take place in Manhattan on July 29th.  The finance industry is going through a period of dramatic change as technology is altering all aspects of capital formation. FinFair wants… Read More