General News

May 20, 2015 @ 9:25 am By Erin Hobey  |  

Financial services giant MasterCard made its official entrance into the person-to-person payments business, according to Natalie Gagliordi for ZDNet. The company announced the launch of MasterCard Money Send, a near real-time P2P digital payments service that securely transfers funds domestically and internationally. Shopping site FreeShipping.com and Berkshire Hathaway Travel… Read More

May 20, 2015 @ 9:19 am By Samantha Hurst  |  

In an effort to help musicians make their way to the spotlight, Indiegogo announced that Spotify is now supporting multiple music projects on its crowdfunding platform. Earlier this week, Indiegogo revealed: “As a global platform focused on bringing people together to make big things happen, our… Read More

May 20, 2015 @ 9:08 am By Erin Hobey  |  

Retailer loyalty App Loyalzoo has raised over £251,395 in funding on its equity crowdfunding on Seedrs, having raised £170,000 in just three days in late April. To date 157 investors have helped the small company exceed its £250,002 goal for 12.15% equity in the company.  This campaign marks the second time… Read More

May 20, 2015 @ 8:43 am By Erin Hobey  |  

In an article posted today in the Luxumburger Wort, Luxembourg Finance Minister Pierre Gramegna commented that FinTech is the engine driving new financial services business models, promoting the Grand Duchy as a location for the burgeoning ICT sector. “What Silicon Valley has in Tech, we have in Fin,”… Read More

May 20, 2015 @ 8:41 am By Samantha Hurst  |  

P2Binvestor (P2Bi), a crowdlending platform for commercial lines of credit that serves the fastest growing companies in the United States, today announced it has been selected as a new network company by Blackstone Entrepreneurs Network Colorado (BENCO), a select group of Colorado’s best entrepreneurs. The company is one… Read More

May 20, 2015 @ 8:21 am By Erin Hobey  |  

Continuing to grow its brand, Startupbootcamp FinTech has announced Liz Lumley‘s appointment as the new managing director for London and will be responsible for the running of the accelerator programme in London. “We are extremely happy to have Liz join us,” added Nektarios Liolios, global managing director,… Read More

May 19, 2015 @ 12:55 pm By Erin Hobey  |  

eProdigy, a fintech holding company with several subsidiaries serving the alternative finance space, announced today that an undisclosed private equity firm has made an agreement to provide $100 million to eProdigy through a term loan, a convertible note feature and participation rights. “This deal changes our entire… Read More

May 19, 2015 @ 12:32 pm By Erin Hobey  |  

OurCrowd set a new Australian funding record, closing out a $1.5 million round of funding for Global Kinetics Corporation (GKC), an Australian medical IT company . To recap from an earlier post, GKC was established in 2007 to commercialize innovative technology developed by Professor Malcolm Horne, from the Florey… Read More

May 19, 2015 @ 12:17 pm By JD Alois  |  

VPC Speciality Lending Investments has issued a note stating they are ahead of their goal in deploying investor capital into online lending assets.  According to the Board of Directors, approximately 70% of net IPO funds have been invested in assets such as peer to peer… Read More

May 19, 2015 @ 12:12 pm By Erin Hobey  |  

Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced the appointment of  Harold Rosen to the company’s Advisory Board, bringing his more than 30 years of experience in the microfinance industry, including driving social impact investing at the World Bank. In addition, the company is expanding… Read More

May 19, 2015 @ 11:37 am By Erin Hobey  |  

Ideas Britain, a mobile platform wherein people submit an idea in less than a minute and compete for support, expert advice and real world commercial backing, has chosen Crowdcube to power its next phase of growth. Aiming to raise £300,000 on Crowdcube, Ideas Britain has already secured over… Read More

May 18, 2015 @ 8:03 pm By Erin Hobey  |  

Peer-to-peer lending pioneer Zopa today announced a partnership with leading challenger bank, Metro Bank, to lend funds through Zopa’s online marketplace.This innovative deal is the first of its kind in the UK and a clear signal that some parts of the UK banking sector are embracing… Read More

May 18, 2015 @ 11:55 am By JD Alois  |  

Lawrence Wintermeyer has been selected as the new Chief Executive Officer of Innovate Finance while founding CEO Claire Cockerton exits. Innovate Finance was launched with much fanfare in 2014, along with the verbal support of Chancellor George Osborne, in the recognition of the UK’s growing role… Read More

May 18, 2015 @ 9:55 am By Erin Hobey  |  

Following a successful Seedrs round last Spring, London-based Octer (formerly called Shareight) has returned to Seedrs to raise a second round of funding. The company, previously known as Shareight, raised £600,000 in just 24 hours on Seedrs back in May 2014.  The campaign seeks raise £700,000, in exchange… Read More

May 18, 2015 @ 9:00 am By Samantha Hurst  |  

FullCapitalStack, a crowdfunding platform for small to mid-size companies, has opened a new investment opportunity that will make homeownership more accessible for first-time home buyers. Vision Property Management, LLC (“Vision”) chose FullCapitalStack as its crowdfunding platform for funding a $1.3 million single-family residential, senior-debt loan… Read More

May 18, 2015 @ 8:52 am By Samantha Hurst  |  

Cogobuy Group (Stock code: 400.HK), an e-commerce service platform for the enterprise procurement of electronics manufacturing industry in China, is pleased to announce its unaudited operation summary for the three months ended March 31st. The total GMV of the Cogobuy’s operations was RMB2,491.0 million, representing an increase of 62.9%… Read More

May 18, 2015 @ 8:42 am By Erin Hobey  |  

Blue & Green Tomorrow, the fastest-growing sustainable lifestyle magazine in the UK, and GreenWise Business, the independent UK green business-to-business (B2B) online news and information publisher, are merging to create the leading online independent publishing powerhouse dedicated to consumers, businesses and investors that want to live,… Read More

May 18, 2015 @ 8:33 am By Samantha Hurst  |  

Beepi, a peer-to-peer marketplace for buying and selling cars online, announced its expansion to Texas. The market launch provides residents with local inventory, vehicle inspectors and customer service resources to support its secure online car buying and selling platform in Austin and Dallas, and soon Houston… Read More

May 18, 2015 @ 8:13 am By Erin Hobey  |  

“We are pleased to report the first revenues following the successful launch of Symbid, The Funding Network™ in March. This represents a major step forward in our commitment to creating long-term value for shareholders through an innovative service offering for start-ups and small businesses. Following… Read More

May 17, 2015 @ 9:21 pm By JD Alois  |  

The German Crowdfunding Network has just published first quarter 2015 numbers for the crowdfunding market.  It is interesting to note that both debt based and equity based crowdfunding jumped significantly versus Q4 of 2014.  The association also tracks rewards based as well – this sector… Read More