General News

June 3, 2015 @ 9:48 am By Erin Hobey  |  

In April, Invesdor, an investment crowdfunding platform based in Helsinki, claimed the first EU license MiFID licence by financial authorities, to expand debt and equity crowdfunding services across all 31 EU and EEA countries. This level of operational license is part of the European Commission’s drive to harmonize financial regulations… Read More

June 3, 2015 @ 9:23 am By Erin Hobey  |  

P2P-Banking.com posted original research of loan originations for May on its site.  Zopa tops the list with 57M € in new loans, Ratesetter comes in second with 50.1 M €, Funding Circle in third with 47.3M € and LendInvest in a close fourth with 44.5 M €. Note the remarkable growth of new P2P… Read More

June 3, 2015 @ 9:21 am By Samantha Hurst  |  

Mirror, a “blockchain-technology” company building a new financial platform, today announced it has received $8.8 million in Series A funding led by Route 66 Ventures with participation from existing investors including RRE Ventures, Crosslink Capital, Battery Ventures and Tim Draper. This additional capital brings the… Read More

June 3, 2015 @ 8:42 am By Erin Hobey  |  

  Real estate crowdfunding portal iFunding  raised $2M in capital on its equity crowdfunding round on Crowdfunder.  Pre-money valuation stands at $20 million. iFunding will use the additional capital to expand operations, boost technology and grow sales.  The company generated nearly $1M in commitments in just 48 hours according… Read More

June 2, 2015 @ 8:03 pm By JD Alois  |  

PCH accelerator program, Highway1,  held its 4th Demo Day today. According to organizers, the event hosted several hundred investors, mentors and industry leaders to see the latest in Internet of Things (IoT) hardware products from the 11 startups completing the spring program. The Spring 2015 class featured companies… Read More

June 2, 2015 @ 2:44 pm By Samantha Hurst  |  

RealtyMogul, a peer-to-peer marketplace for real estate investing, has hired Megan Goodfellow as its Head of Credit, Commercial Real Estate. This executive hire is part of the company’s recent launch of a commercial lending division. Goodfellow will be responsible for the credit risk management of… Read More

June 2, 2015 @ 1:01 pm By Samantha Hurst  |  

Virtual Piggy, Inc. (OTCQB: VPIG), provider of the award-winning payment technology Oink, today announced the release of its new and improved app, which will include peer-to-peer functionality allowing teens to receive deposits to their accounts for work or gifts from family and friends. Dr. Jo Webber, CEO… Read More

June 2, 2015 @ 11:29 am By Samantha Hurst  |  

Bitcoin law expert Peter Townshend, a partner at Perkins Coie LLP law firm’s Emerging Companies and Venture Capital Practice, has joined Ciphrex’s Board of Advisors. This move strengthens the cryptocurrency and blockchain technology software company’s position as it prepares for its Series B round of financing. Enrique Lombrozo, co-CEO… Read More

June 1, 2015 @ 6:44 pm By JD Alois  |  

Kauffman Index on Startup Activity Indicates Reversal of 5 Year Trend. According to the Kauffman Index that measures US startup activity things are looking better. Following a downward slump that cratered in 2010, startup activity jumped in 2014 representing the largest year over year increase… Read More

June 1, 2015 @ 2:32 pm By JD Alois  |  

A new report from Ventureneer proposes that equity crowdfunding may be the variable needed for women entrepreneurs to break through barriers in starting and growing innovative companies. According to the report, the number of women starting businesses has jumped dramatically from 2013 to 2o14. A… Read More

June 1, 2015 @ 2:12 pm By Samantha Hurst  |  

IFAN Financial, Inc. (OTCQB: IFAN), a designer, developer, and distributer of software to enable payments for mobile, tablet, or computer and peer-to-peer cash transfers, announced it has closed a funding agreement with NY-based Sea Otter Global Ventures, LLC, manager of SBI Investments, LLC (together, “Sea Otter”) for… Read More

June 1, 2015 @ 11:28 am By Samantha Hurst  |  

CrowdGather, Inc. (OTCQB:CRWG) today announced that Todd Winter, Managing Partner, WINTER LLP, will serve as a member of CrowdGather’s advisory board complementing the backgrounds of existing advisory board members from the technology sector with his expertise and network of contacts in the cannabis business sector…. Read More

June 1, 2015 @ 10:59 am By JD Alois  |  

In a new industry survey created by Wharton FinTech and Richards Kibbe & Orbe (RKO), the authors state that institutional investors are watching the nascent industry “eagerly”.  Their research indicates that 85% of institutional investors are interested in entering into the space but less than… Read More

June 1, 2015 @ 9:15 am By Erin Hobey  |  

  “The technology Orchard builds connects hundreds of millions of dollars of institutional capital to a rapidly expanding number of originators across multiple asset classes. This ultimately touches borrowers in an efficient and transparent manner, which truly makes what we do “many to many.” Orchard… Read More

June 1, 2015 @ 8:21 am By Samantha Hurst  |  

Pirate3D announced a relationship with Digital3D, an Australian company based out of New South Wales that specializes in Digital Design products. Digital3D is now authorized as an Oceania distribution partner for Pirate3D, bringing Pirate3D products including the Buccaneer and the Pirate3D Printing Ecosystem, to resellers throughout… Read More

May 30, 2015 @ 5:27 pm By JD Alois  |  

The Financial Conduct Authority (FCA) is proceeding with a study on competition in investment and corporate banking. The FCA states that these markets are the “cornerstone of the UK economy” for business expansion and funding operations. The study will focus on choice, transparency, bundling and cross-subsidisation in… Read More

May 29, 2015 @ 4:41 pm By Samantha Hurst  |  

Earlier this week, Indiegogo’s hardware category lead Kate Drane sat down with France’s startup blog Rude Baguette during Connected Conference to discuss crowdfunding success and the rise of equity crowdfunding. During her interview, Drane shared some advice on how project creators should form a community before campaign launch:… Read More

May 29, 2015 @ 3:30 pm By Samantha Hurst  |  

Back in 2013, 1980’s inspired KUNG FURY surfaced on crowdfunding platform Kickstarter with a mission to raise $200,000. During its run, the campaign raised $630,019 from 17,713 backers. Now, those wanting to watch the film over and over again can for free through YouTube! As previously reported, KUNG FURY is part… Read More

May 29, 2015 @ 11:21 am By Samantha Hurst  |  

Get excited, Pebble Time backers: Your high tech smartwatch is on the way! California startup Pebble announced on this week that the Kickstarter-success watches are now ready to be shipped. As previously reported, Pebble Time hit the crowdfunding giant’s platform earlier this year and surpassed its… Read More

May 28, 2015 @ 4:30 pm By Samantha Hurst  |  

Patch of Land, a crowdfunding solution for real estate financing that brings together borrowers and lenders through an online platform, announces today that the largest ever, entirely crowdfunded residential home loan was fully funded on its website. The Covered Wagon Investment Group, boasting over 60… Read More