Tagged: scott purcell

Arcimoto Raises $20 Million in Reg A+ Crowdfunding Offer, Will Trade on NASDAQ Under Symbol FUV

Arcimoto says it raised almost $20 million in a Reg A+ crowdfunding round that closed on September 15th on WRHambrecht. Arcimoto said the company was shooting for $10 million but “landed almost double that”.  Arcimoto added that it will trade on NASDAQ under ticker symbol… Read More

Where is the Crowd?

  At a lightly attended alternative finance conference last month, Dr. Richard Swart spoke about the anaemic growth of the US crowdfunding industry. He made the point that we (industry participants including portals, broker-dealers, escrow banks & trusts, transfer agents, investor accreditation services, accountants, lawyers,… Read More

CFIRA and CFPA Merger on Hold

The merger between the Crowdfund Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association is reportedly on hold. A merger between the two entities was publicly announced by a CFPA representative at an event in Washington, DC earlier this month. The announcement was followed by an email… Read More

Fintech Startup Prime Trust Appoints Former Hambrecht Partner Whitney White As New CTO & COO

Nevada-based Fintech startup Prime Trust announced on Friday it has appointed former Hambrecht Partner and CTO, Whitney White as its new COO and CTO.  According to Prime Trust, during his 17 years at Hambrecht White assisted in the design and execution of the company’s capital… Read More

Credit Card Processor Vantiv Signs Up to Accept Crowdfunding Investments

Crowdfunding platforms in the US have been unable to accept investments via credit cards thus streamlining the process of purchasing securities online. That is until now. Vantiv (NYSE:VNTV), a Cincinannit based payment processor, has decided to facilitate these transactions. In a recent update by FundAmerica,… Read More

CFIRA Tackles Investor Advisory Committee Recommendations on Crowdfunding

The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation.  The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for… Read More

CrowdU, Crowdfunding College, Offers Certification

CrowdU, the Crowdfunding College, is now offering the first certification program to train the future professional advisors who want to help businesses raise capital via equity and debt crowdfunding. The educational program, created by securities crowdfunding industry pioneers Scott Purcell and Ruth Hedges is targeted… Read More

FundAmerica Raises $1.4 Million From Angel Group

FundAmerica, a debt- and equity-based crowdfunding platform currently in development, has raised a $1.4 million investment round from a group of angel investors. The round will be used to bring their crowdfunding platform to market. This is the second funding round raised by FundAmerica and… Read More

JOBS Act: Interview with Scott Purcell CEO of Arctic Island

To probe the legal intricacies revolving around the JOBS Act and how these new laws might impact the crowdfunding scene in the next months leading to and right after the much-anticipated full implementation of crowdfunding for equity, David Drake spoke with Scott Purcell, CEO of… Read More