Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More
Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More
This past spring, Arizona became the first US state to create its very own bespoke Fintech Sandbox thus replicating a successful program initially launched in the UK. Since the UK regulatory authorities launched their Sandbox, many countries have done the same. Arizona House Bill 2343 allows… Read More
On Tuesday, Bank Director and Promontory Interfinancial Network announced the finalists for the 2018 Best of FinXTech Awards, which is described as an event that recognizes institutions that exemplify how collaborative efforts can lead to innovative solutions and growth in the banking industry. The duo reported that the winners of the… Read More
Arizona has become the first state in the US to enact a law that creates a regulatory Fintech Sandbox. This is an interesting move as the US Securities and Exchange Commission has been slow to embrace Fintech innovation by creating their own Fintech Sandbox meanwhile… Read More
Sharestates, an online real estate investment platform, has been added to the Arizona Banking Department roster of lenders. With this state level approval, Sharestates says it will now offer their loan products to the real estate speculation and development community in a new statewide effort…. Read More
Arizona Attorney General Mark Brnovich has publicly requested the creation of a Fintech Sandbox in his state. Brnovich published his belief in an OpEd for American Banker. Brnovich is of the opinion that Arizona should be the first state to create a Sandbox as it… Read More
Coinsource, a bitcoin ATM network, announced on Monday it launched five new machines in Phoenix Metropolitan Area, marking its first venture into Arizona. According to the company, the bulk installation caps off a strong first and second quarter, with it installing 50 machines so far… Read More
Real estate marketplace lending platform RealtyShares announced on Thursday Arizona retail investment and brokerage firm, De Rito Partners, secured $800,000 through its platform for a Mesa-base shopping center. According to the funding portal, De Rito Partners acquired the property last year and is looking to capitalize on a… Read More
Real estate crowdfunding platform RealtyShares announced on Tuesday its network of accredited investors has collectively funded a $3 million investment for the acquisition of Clarendon Park Apartments, a 138-unit multifamily property located in Phoenix, Arizona. The property is located in midtown, which is between the city’s two largest… Read More
RealtyShares announced on Thursday that an offering involving an office building in Phoenix has been successfully exited. This is considered one of the largest crowdfunded real estate investments in the city’s metropolitan area and has reportedly performed better than expected. Investors in the transaction are being… 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
On Monday, RealtyMogul, the online marketplace for real estate investing, announced the completion of its first full cycle equity transaction with the purchase and sale of American Mini, a self-storage property in Tucson, Arizona. In just 18 months, investors earned an annual total return of 16.8… Read More
“Crowdfunding is the future of real estate financing,” commented Fundrise CEO and Co-Founder Ben Miller. Asserting the partnership as the first-ever crowdfunded commercial construction loan, Jay Maddox of the commercial real estate services company Avison Young brokered a deal with Fundrise which resulted in the real-estate platform’s providing Birtcher Anderson… Read More
OpenPath Investments, triple bottom-line company with more than a decade of experience creating value for its investors, announced on Wednesday that it has purchased Ventana Palms Apartments, located in west Phoenix, for $8.5 million, kickstarting an effort to bring a socially responsible investing and property management… Read More
The Arizona Governor, Doug Ducey, has taken an outsized approach to promoting, and improving, the state of Arizona. He was quoted last month in the Capitol Times as saying; “What we’re not going to have are overly aggressive regulators who are going beyond the scope… 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
As covered earlier this year, Arizona has moved forward with an intrastate crowdfunding bill that was signed into law last week. After being voted on in both the house and senate, without a single negative vote or abstention, the bill was quickly signed by Governor Doug… Read More
As the S.E.C. continues to drag its feet on releasing final Title III crowdfunding rules, the intrastate crowdfunding movement shows no signs of slowing down. Here is a brief update as to the status of the enactment/use of intrastate crowdfunding exemptions in certain states. Minnesota… Read More
Tandem bills legalizing crowdfunding have been introduced in the state of Arizona. Yesterday HB 2591 and SB 1450 were introduced to begin the process of allowing investment crowdfunding in amounts up to $2.5 million. According to the draft rules, companies that have not undergone an… Read More
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