Kin, the direct-to-consumer home insurance company built for every new normal®, earlier this month announced its expansion into Alabama. Building upon Kin’s success in Florida and other coastal states, where it insures nearly $45 billion in assets, Kin is continuing its mission “to deliver affordable… Read More
Pie Insurance, an Insurtech company specializing in workers’ comp insurance for small businesses, recently announced small business owners in Alabama and Oregon have access to its workers’ comp insurance. The expansion “increases the company’s coverage footprint to 38 states and Washington D.C, representing 89% of… Read More
The University of Alabama is teaming up with Chainalysis, a provider of compliance and investigation software of virtual currency transactions. Through the partnership, both organizations will aim to offer “cutting-edge” education and training for students. Blockchain analysis firm Chainalysis noted in a blog post that… Read More
CORO, a U.S.-based gold payment app, announced on Tuesday it has received its money transmitter license in Alabama. The latest milestone comes just a little over a month after CORO received its money transmitter license in Oregon. As previously reported, CORO has created a new… Read More
Spur, a new Employment-as-a-Service (EaaS) platform, raised $8 million in a Series A funding round led by Third Prime, with participation from Mark Bezos and Blue Ridge Capital Founder John Griffin. Spur also appointed Bezos to its Board of Directors. This investment marks one of the… Read More
Commercial real estate crowdfunding platform ArborCrowd announced its latest offering for investors to own an equity interest in a multifamily property with tremendous upside potential. Tower on Ryan Park (the Property) is a 141-unit, high-rise property located in downtown Mobile, AL. According to ArborCrowd, the total capitalization of the… Read More
New Leaf Digital has partnered with Wefunder to host the “world’s first” live crowdfunding event using Title III of the JOBS Act or Reg CF. New Leaf Digital is a Huntsville-based 501c3 nonprofit organization that provides innovation education opportunities to North Alabama’s millennial population. With… Read More
Commercial real estate marketplace lending platform, Money360, announced on Monday it provided financing to a commercial property owner to purchase a fully leased retail center in Mobile, Alabama. According to Money360, the $3,865,000 five-year loan is secured by the 1.61-acre, 16,710-square-foot Airport Boulevard Shops shopping center,… Read More
RealtyMogul.com, an online marketplace for real estate investing, announced on Monday that it has successfully funded a $2 million bridge loan for a single-tenant property in Opelika, Alabama. The loan has a 12-month term, represents 61 percent of the property’s value, with proceeds being used… Read More
On Tuesday, crowdfunding platform YouCaring announced “The 10 Most Compassionate Cities and States,” which highlights the areas of the U.S. that best demonstrate the spirit of helping others and giving back.YouCaring, which provides free crowdfunding for personal and charitable causes, such as medical expenses and… Read More
Apparently Alabama State Senator Paul Sanford has launched a crowdfunding campaign on GoFundMe to finance the state government. The goal is to raise $300 million. In the past 5 days 67 people have kicked in $1145 so the campaign has a ways to go. Senator… Read More
In an effort to end hate crimes and violence against the LGBTQ community, the “God Loves Gays National Billboard Campaign” project has been launched on YouCaring to raise $20,000 to post billboards in 20 states. Last year, the creator of the God Twitter and Facebook page… Read More
Seeking to help Sureshbhai Patel in his time of need, supporters from all over have taken to GoFundMe to fund his medical expenses, after he was paralyzed by a police officer in Alabama earlier this month. According to Huffington Post, shortly after Patel arrived in the… Read More
American Homeowner Preservation (“AHP”) reached a milestone this week by helping its 500th borrower stay in their home and avoid foreclosure with a loan modification. To counter the devastation of the housing collapse, recession and foreclosure crisis, AHP crafted a socially-conscious business model that aims to get borrowers… Read More
Just a few months after Governor of Alabama, Robert J. Bentley, signed a crowdfunding exemption bill, which allows businesses that are located in the state to raise up to $1 million, the state’s securities commission held a few seminars this week to discuss what the… Read More
As was widely expected the Governor of Alabama, Robert Bentley, signed into law the states’ crowdfunding exemption bill. The new law allows businesses and located in Alabama to raise up to $1 million. Investments are capped to $5000 for non-accredited investors. The law passed both… Read More
State Securities Commissioner Commends Lawmakers on Getting Bill Passed. The Alabama House of Representatives passed Senate Bill 44 yesterday, April 1, 2014, and it now awaits the Governor’s signature to become law. State Senator Arthur Orr (R), 3rd District, sponsored the bill and with the… Read More
If we were tallying states up today, Kansas, Georgia, Michigan and Wisconsin have made equity crowdfunding legal and are in some stage of implementation. Alabama, Washington, Maine and North Carolina are all considering exemptions. Of course, that may change tomorrow. Amidst all the hoopla about a… Read More
Yesterday the Alabama State Senate approved a bill that would set into motion an intrastate crowdfunding exemption. The vote was unanimous, 31-0. Crowdfunding legislation continues to garner bipartisan support. The bill now heads to the House where it is already receiving some praise. The Associated Press… Read More
We caught wind of a proposed crowdfunding exemption in the State of Alabama in the fall of 2013. As any regular reader of Crowdfund Insider knows, intrastate crowdfunding exemptions are popping up left and right as of late. Just this week we reported on proposed legislation… Read More
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