General News

June 12, 2015 @ 1:20 pm By Erin Hobey  |  

Yesterday, the Malaysian Securities Commission (MSC) has approved of six equity crowdfunding (ECF) platforms to start their operations by the end of the year. Today updates and further comments were shared by key innovators regarding the approval. “It is timely to further widen access through innovation in financial… Read More

June 12, 2015 @ 1:11 pm By Samantha Hurst  |  

Back in April, the country of Nepal was devastated by earthquake that killed more than 8,800 people and injured more than 23,000. This caused various organizations to spring into action and launch campaigns on crowdfunding platforms to help those in need. Now, nearly 60 days later, various… Read More

June 12, 2015 @ 12:49 pm By Erin Hobey  |  

  Asian Crowdfunder launched its Malaysian platform with three projects, while also indicating the platform is in the process of starting in Singapore, Indonesia and Thailand, according to Digital News Asia.  Cofounded by Frank Holle of Quant Asset Management Pte Ltd, Graham Paling of Mongoose Publishing and Kenneth… Read More

June 12, 2015 @ 11:40 am By Erin Hobey  |  

Squirrel, Tento, Swave, Bubbal and Mentat have been awarded up to £35,000 each to solve real-world problems as winners of Innovate UK’s IC tomorrow Fintech Innovation Contest, according to brand-e. In addition to funding from Innovate UK, each will work in partnership with industry and government bodies… Read More

June 12, 2015 @ 11:32 am By Samantha Hurst  |  

On Friday, Gurgaon-based peer-to-peer lending platform Faircent announced it has raised ₹250,000 in its pre-series A round, which was led by M&S Partners Pte. Ltd. Faircent is said to be India’s largest P2P lending site.  The platform has been in operation since mid 2014 and… Read More

June 12, 2015 @ 9:59 am By JD Alois  |  

OTC Markets has published proposed new rules and standards for companies seeking to use newly adopted “Regulation A+,” or Title IV of the JOBS Act.  The objective is to have companies using this new exemption  to list their securities on OTCQX Best or OTCQB Venture… Read More

June 12, 2015 @ 9:15 am By JD Alois  |  

Winning a £1 million prize is no small thing.  On June 26th, Richard Branson will reveal the winning company in each category in a live event in London.  Pitch to Rich 2015 is now in the semi-finalist round after winnowing it down from thousands to… Read More

June 12, 2015 @ 9:12 am By Samantha Hurst  |  

Utah-based insurance reimbursement company, Zane Benefits, announced that it has closed a $1.5 million equity financing from existing investors, with participation from Kickstart Seed Fund and Royal Street Investment and Innovation Center. The equity round will provide funding to accelerate Zane’s rapid revenue growth and the… Read More

June 11, 2015 @ 9:11 pm By JD Alois  |  

The Federal Trade Commission (FTC) settled charges today with a crowdfunding campaign creator that failed to deliver promised perks to backers. Erik Chevalier, doing business as the Forking Path Company, successfully raised over $122,000 from 1,246 backers.  Instead of using the money to fulfill his… Read More

June 11, 2015 @ 4:31 pm By Samantha Hurst  |  

RealtyMogul, an online capital markets portal for real estate investing, announced today that it had successfully completed its equity capital raise for a multi-tenant medical office building in a large metropolitan area in Texas. RealtyMogul’s accredited investors used its peer-to-peer marketplace to help purchase the property…. Read More

June 11, 2015 @ 1:11 pm By Samantha Hurst  |  

Lending Loop, a new business lending marketplace, has opened its doors to businesses across Canada, aiming to be the first platform that connects businesses seeking capital with Canadian lenders. The financial technology start-up received its first round of financing from the Kirsh Group, and intends on… Read More

June 11, 2015 @ 11:02 am By Samantha Hurst  |  

Hokkei, a new Cardiff based restaurant launched by two MasterChef finalists Dale Williams and Larkin Cen, recently launched an equity crowdfunding campaign to raise £275,000 on Seedrs. As previously reported, Williams and Cen are looking to share 25% of the business, which aims to flip… Read More

June 11, 2015 @ 10:38 am By Samantha Hurst  |  

Specialty social media and gaming network, CrowdGather, Inc. (OTCQB:CRWG), announced that entrepreneurs from the cannabis sector, Carmen De Jesus and Nicco Reggente will serve as newly appointed members of CrowdGather’s advisory board. De Jesus is the Director of Strategic Solutions at Verdus, a cannabis holding company…. Read More

June 11, 2015 @ 10:14 am By Samantha Hurst  |  

This week, Tinnus Enterprises, LLC and Zuru Ltd. filed a suit in U.S. Federal Court against Telebrands Corp. and Bed Bath & Beyond Inc. alleging infringement of U.S. Patent 9,051,066. In case number 6:15-cv-00551 filed in the Eastern District of Texas, the plaintiffs allege that Telebrands’… Read More

June 10, 2015 @ 9:36 pm By JD Alois  |  

In a little over a week Title IV of the JOBS Act, commonly called Reg A+, will become actionable.  We are already hearing chatter about companies planning on using the new exemption. Whenever a new chapter is written in the Securities Law Book there is… Read More

June 10, 2015 @ 3:52 pm By Samantha Hurst  |  

Mercator Advisory Group’s latest research, An Introduction to Peer-to-Peer Lending: A European Perspective analyzes the new and fast growing payments segment peer-to-peer (P2P) lending and the business models underpinning it. The report focuses on P2P lending providers in the European market, in particular the U.K., profiling the leaders… Read More

June 10, 2015 @ 12:55 pm By Erin Hobey  |  

The equity crowdfunding market is worth over £50 million a year in the UK, doubling in size last year as an increasing number of individuals look for an alternative place to invest their capital. Despite its size however, there is very little research into market… Read More

June 10, 2015 @ 12:21 pm By Erin Hobey  |  

Hamburg-based delicacy box start-up Foodist, which was co-founded in 2012 by Alexander Djordjevic and Ole Schaumberg, has experienced strong growth over the last two years and has increased the number of monthly subscribers from 350 to as many as 14,000. As Foodist wants to keep… Read More

June 10, 2015 @ 11:47 am By Samantha Hurst  |  

This week, UK equity crowdfunding platform Crowdcube announced that three of its funded club businesses have been selected as Pitch to Rich 2015 finalists. The platform declared: “We are delighted to announce that three of our #FundedClub businesses have reached the semi-finals of Richard Branson’s Pitch… Read More

June 10, 2015 @ 11:06 am By Samantha Hurst  |  

Community Investment Management (“CIM”), an impact investment firm focused on marketplace lending, announced today a Clinton Global Initiative America (CGI America) Commitment to Action to provide $300 million of responsible and transparent financing to 9,500 small businesses in the United States over the next two years. CIM’s capital will be… Read More