Uncategorized

August 25, 2016 @ 12:21 pm By Erin Hobey  |  

Fundation has secured $100 million credit from Goldman Sachs, reported the WSJ. The cash flow will enable the “credit solutions provider” to expand recent partnerships with traditional banks, such as Regions Financial Corp. and a network of community banks, and to extend loans to the banks’ business customers.  Paying a… Read More

August 11, 2016 @ 10:38 am By Erin Hobey  |  

India-based P2P lending platform Faircent has raised $1.5 million from Brand Capital, the investment arm of the media conglomerate Bennett Coleman and Co, according to The Economic Times. “The investment proves and strengthens our brand conviction towards disrupting credit in India,”  Faircent CEO Rajat Gandhi told the Economic Times. “Our… Read More

July 13, 2016 @ 2:01 pm By JD Alois  |  

At a Congressional hearing yesterday on Marketplace Lending that was described as being “educational”, Rob Nichols, of the American Bankers Association,  presented testimony and answered questions along with several other individuals engaged in finance. While the topic was  ostensibly “Fintech”, a better label may have… Read More

July 5, 2016 @ 8:39 am By JD Alois  |  

SyndicateRoom offers retail investors chance to take part in Fitbug’s £2.6m fundraise AIM-listed company Fitbug, a “digital wellness pioneer”, will be raising capital via equity crowdfunding platform SyndicateRoom. The move by Fitbug, founded in 2005, is part of a strategic turnaround effort initiated by CEO Anna… Read More

July 3, 2016 @ 3:57 pm By JD Alois  |  

Title III of the JOBS Act, or Reg CF, kicked off on May 16th of this year. The final portion of the JOBS Act to receive final rules by the SEC, Reg CF was perhaps the most heralded aspect of the legislation. Under the securities… Read More

June 9, 2016 @ 4:43 pm By Erin Hobey  |  

Spotfund, a mobile micro-donation platform, today launched its iOS app. Targeting millennials, Brooklyn-based Spotfund allows users to fund causes and current events with only $1, $2 or $3.  Donations made through Spotfund are tax deductible. At the end of each monthly billing cycle, Spotfund provides an itemized receipt of all… Read More

May 25, 2016 @ 11:45 am By Samantha Hurst  |  

On Tuesday, tech company Pebble once again returned to crowdfunding giant Kickstarter for 3 new products Pebble 2, Time 2 and Pebble Core. Within 24 hours, the new campaign not only smashed its initial $1 million goal, it has already surpassed $6.7 million from nearly 36,000 backers. Last year, Pebble… Read More

May 23, 2016 @ 10:49 pm By JD Alois  |  

Most people understand that rewards based crowdfunding platforms can be an effective tool to test a new product or service. If it is a hit in presales, it bodes well for a larger market roll out. The same can be said for Chinese companies seeking… Read More

May 23, 2016 @ 8:49 am By Samantha Hurst  |  

With only seven days left until its Crowdcube campaign comes to an end, UK fitness brand, énergie Fitness has successfully secured its initial £500,000 funding goal. énergie, which has three brands of fitness clubs in 93 locations across 5 countries, currently has over 110,000 club members and is looking expand to… Read More

April 14, 2016 @ 8:35 am By Samantha Hurst  |  

With less than two weeks until Billy Franks’ crowdfunding campaign on Crowdcube comes to an end, it was revealed that former Virgin Galactic president, Will Whitehorn has backed the artisan jerky company’s initiative. The company, which Mail on Sunday Magazine named “The Aston Martin of Jerky,” is… Read More

April 9, 2016 @ 11:00 am By Samantha Hurst  |  

On Friday, actor/director Alex Winter closed the Kickstarter initiative for his upcoming project, Who the Fuck is Frank Zappa? The film is set to follow the musician’s entire life. At the beginning of March, Winter took to the crowdfunding giant to raise $500,000 for the documentary. Revealing why he decided to… Read More

April 5, 2016 @ 1:04 pm By Erin Hobey  |  

Fitness App Mammoth Hunters is fundraising for the second time in eight months on Crowdcube Spain, the platform’s first raise was overfunded by 166 investors. Half of Mammoth Hunters’ investors are investing again, alongside with Angels, according to Crowdcube Spain Co-Founder Pepe Borrell. “It is exciting to see… Read More

March 31, 2016 @ 12:58 pm By Samantha Hurst  |  

Prime Meridian Capital Management, a company specializes in an online peer-to-peer (P2P) lending strategies, announced on Thursday the launch of its Real Estate Lending Fund. This new fund reportedly offers investors a diversified and short duration loan portfolio with no hard lock-up. Sharing details about the fund, Prime Meridian explained:… Read More

March 20, 2016 @ 11:31 am By JD Alois  |  

Engine, an advocacy group based in San Francisco that promotes policy that supports all of the cool technology bubbling up from the most creative community in the world, has added their $0.02 to the debate regarding the definition of an Accredited Investor. The discussion regarding… Read More

March 17, 2016 @ 2:07 pm By Samantha Hurst  |  

CEO and co-founder of Kickstarter, Yancey Strickler, announced on Thursday that the crowdfunding platform has officially acquired artist community website, Drip. This has been named Kickstarter’s first acquisition. Drip is described as a curated platform that gives creators and communities a place to interact through… Read More

March 8, 2016 @ 4:39 am By Erin Hobey  |  

BBVA has acquired Finnish digital current account startup Holvi, furthering its investment into tech-led alternatives to traditional banking.  Founded in Helsinki in 2011, Holvi offers a current account combined with business MasterCard for small business owners. “We’re excited about Holvi as we share a vision about… Read More

March 1, 2016 @ 6:02 am By Erin Hobey  |  

LendInvest, a leading short-term property finance lender, has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April. LendInvest has avoided… Read More

January 26, 2016 @ 7:16 am By Erin Hobey  |  

Swedish fintech investor NFT Ventures is launching a second fund targeting startups in Finland through a partnership with local broadcaster MTV. MTV, owned by the Swedish media conglomerate Bonnier Group, has reportedly invested 150 million krona ($17.5 million) into the fund and will also ensure “nation-wide media… Read More

January 25, 2016 @ 5:18 pm By Samantha Hurst  |  

With nearly a month until its equity crowdfunding campaign on Seedrs comes to an end, Chapel Down’s (EPIC: CDGP) Curious Brew has successfully capture over £1.4 million. As previously reported,  Chapel Down hit Seedrs last fall to support the expansion of the company’s “fast growing beer and cider… Read More

January 25, 2016 @ 11:06 am By Samantha Hurst  |  

And the wait continues… Keiji Inafune’s Kickstarter project, Mighty No. 9, has been delayed for the third time. On Monday morning, Inafune revealed: “To the fans eagerly awaiting the release of Mighty No. 9, “Unfortunately, we have an announcement that will be very disappointing to all… Read More