Tagged: escrow

FINRA Allegedly Warns Off Reg CF Portals on Use of Trusts for Escrow

FINRA is a non-governmental entity that acts as a financial regulator over a wide swath of the financial industry.  Their mission is to detect and prevent wrongdoing in the US financial markets. FINRA also has enforcement powers. Last year alone they rendered over 1500 disciplinary… Read More

Smoked: Reg CF Doesn’t Work for Marijuana Industry Entrepreneurs

The budding Marijuana industry has attracted a legion of “ganjapreneurs” seeking the chance to cash in on the US movement to legalize and legitimize Cannabis. ArcView Group, a “hub for investment, data and progress” estimates the industry will drive around $7 billion in revenue during 2016…. Read More

Balanced Payments Platform Shuts Down. Gives 90 Day Notice to Clients

Balanced, a payments and escrow platform, has announced they are shutting down operations and have given a 90 day notice to clients of the closure. The announcement was made by Balanced co-founder & CEO, Matin Tamizi. Balanced has formed an agreement with Stripe to migrate customers if… Read More

BancBox, Widely Used by Crowdfunding Platforms, Reviews Onboarding Process

BancBox, a company that sees investment crowdfunding platforms as a targeted customer for their services that “give non-financial institutions a simple, secure way to collect, store, and send money” has released a statement indicating they are currently reviewing their process of onboarding customers onto their platform…. Read More

Two Big Questions For Indiegogo And PayPal On The Heels Of HealBe’s Crowdfunding Debacle

We’ve been keeping up with PandoDaily writer James Robinson’s (pictured) digging into HealBe’s Indiegogo campaign. It turns out that Robinson’s search is now leading him toward other Indiegogo campaigns seemingly with similar issues. A recent article dives into claims made during a campaign for the TellSpec, a device… Read More

Crowdfunding Escrow & Payment API BancBox Invest Shares Early Stats

BancBox Invest (formerly BancBox Crowd) is a crowdfunding API that we’ve covered in-depth in the past. The escrow and payment solution for crowdfunding platforms recently shared statistics with Crowdfund Insider, and so far things are looking good. The company shared that 18 crowdinvesting platforms are current… Read More

Balanced: Payments & Escrow For P2P Marketplaces, Crowdfunding Platforms

Balanced was created to increase the global economy through payments. As we built Balanced, it troubled me that we had adopted the closed-off culture common to the financial services industry, where everything was locked up for the sake of “competitive advantage.” That wasn’t the kind of… Read More

In-Depth: BancBox’s Payment Solution for Crowdfunding Platforms

One of the most important decisions any crowdfunding platform will undertake is deciding how to process payments. Platforms operate in a very specific (and complicated) context. In particular, two issues are bound to come up when considering whether to adopt a certain payment solution… Escrow… Read More