LendKey, a leading lending-as-a-service solution for banks and credit unions, raked in $13 million in Series C funding, $8 million in equity and $5 million in debt financing. North Atlantic Capital, based in Portland, ME, led the round with participation from each of LendKey’s existing… 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
Nearly six months after finding success on crowdfunding giant, Kickstarter, Cincinnati’s Braxton Brewing Co. has announced exciting news to its backers: Its opening date. As previously reported, Braxton Brewery hit the crowdfunding giant to raise $30,000 to create what the brewhouse called “the Taproom of the Future.” The project not… Read More
In September, Cincinnati’s Braxton Brewery hit Kickstarter to raise $30,000 to create what the brewhouse called “the Taproom of the Future.” The project not only hit its initial goal within just 34 hours and raised $71,885 from over 600 backers. It also surpassed previously record… Read More
SoMoLend and the Ohio Division of Securities have been on a crash course since a notice of intent to issue a cease and desist was filed back in August of 2013. The hearing, originally scheduled for this week, has been postponed until January according to… Read More
Whether or not the State of Ohio has any affinity for crowdfunding as a means of capital formation, it is clear that many entrepreneurs are ready for restrictive, Great-Depression-era regulations to be loosened. A recent article in the Cincinnati Business Courier documented a recent visit… Read More
UPDATE: The city of Cincinnati is suspending its relationship with SoMoLend pending resolution to the case described below. SoMoLend previously had a partnership with the City in order to facilitate loans for local businesses. Cincinnati.com is reporting that Ohio’s Division of Securities is investigating SoMoLend for… Read More
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