JD Alois

Lawsuit Filed by Agency 2.0 Against Sondors eBike Crowdfunding Campaign

storm sondors thumbs up

Second Most Funded Campaign on Indiegogo Hit with Legal Challenge of “Contractual Fraud”. Last week in the Superior Court of California in Santa Monica, Agency 2.0 filed a contractual fraud suit against Pacific Storm, Inc, apparently the corporate entity behind the Sondors eBike crowdfunding campaign.  The listed defendants included Storm Sondors (né Ivars), the namesake behind the… Read More

Ron Suber on Marketplace Lending : Soon You Will Not Be Able to Live Without Us (Deck)

Ron Suber Great Idea

  Prosper President Ron Suber delivered an extremely well received keynote address at the LendIt conference held in Manhattan this past week.  Over 2400 attendees converged from around the globe to discuss the future of finance, one where banks are on the decline and peer to peer, or marketplace lending, is taking over. Sure the traditional… Read More

Larry Summers: Conventional Finance Has Let Us Down

Larry Summers Signature Keynote

“Regulators should allow new firms to operate, generate data on the outcomes created by novel business models before writing new rules.” Larry Summers, former Secretary of the Treasury under President Clinton and Director of the National Economic Council under President Obama, delivered a rousing speech at the LendIt conference held in Manhattan this past week…. Read More

Professor Oliver Rui Talks P2P Lending in China (Video)

Oliver Rui

China is the largest peer to peer lending market in the world today and is home to the largest platforms in the world as well.  While exact estimates vary, most followers put the number of China based P2P lending platforms at an incredible number of 1500 or more. Unregulated and thus risky, P2P has been… Read More

GLI Invests in Spanish P2P Lending Platform MyTripleA

Jorge Anton MytripleA and Geoff Miller GLI

GLI, a UK based firm that is heavily invested in alternative finance, has invested in the first regulated peer to peer lending platform in Spain – MytripleA.  According to a company release, GLI lead a € 1 Million funding round, kicking in € 445,500 for a 9.9% ownership stake in the young firm. GLI has also committed… Read More

Funding Wonder Launches with $5 Million Pipeline for Small Business

one dollar money

Funding Wonder is the latest entrant into the peer to peer lending space. The company reports it soft-launched in September of 2014 and since that time has built a “qualified small business loan pipeline of over $5 million.  The company expects that number to grow to over $50 million in the next 12 months. According… Read More

A Guide to Peer to Peer Investing

I love Peer to Peer Lending P2P

This peer to peer lending guide (embedded below) is designed to introduce financial advisors, and those more financially sophisticated types, to the world of peer to peer investing. Peer to peer investing is the new hotness in the financial world. The efficiency of allocation generated by applying technology to the lending process has delivered compelling results… Read More

Salesforce Executive Joins Lending Club to Help Build & Innovate Platform

Scott Hansma

Scott Hansma, recently the chief architect of global cloud computing company Salesforce, has joined the executive bench of Lending Club, the largest peer to peer lender in the country. Hansma will be adding his skill set and knowledge to the fast growing fintech firm as it grows domestically and at some point – internationally. Hansma… Read More

SEC Commissioner Gallagher: International Financial Stability Board “The Height of Regulatory Hubris”

Daniel Gallagher Title IV

In a world of growing governmental over-reach it is rare to find a regulator who wants to do less not more.  But it makes sense. Budgets are made, and funding allocated, based on predicted needs of tomorrow not the reality of last year. Legislators make rules and then push to implement them all in the name… Read More

Mini-Bonds Start to Payoff: Investors Receive £93,000 in Interest from Chilango and River Cottage

Chilango Mini Bond Successfully Funded

The advent of min-bonds in the UK has been an interesting financial phenomena and nice option for investment crowdfunding platforms.  Investing in mini-bonds allows individuals to receive an annual return with a lower level of risk.  Crowdcube has been the leader in the mini-bond space with high profile, consumer face issues  that typically deliver not… Read More

Lending Club CEO Renaud Laplanche Visits Mad Money to Talk P2P Lending (Video)

Renaud Laplanche and Jim Cramer

Equity guru Jim Cramer invited one of the leading innovators in the peer to peer, or marketplace lending, space to swing by his Mad Money studio this week.  Renaud Laplanche, CEO and founder of Lending Club (NYSE:LC), the largest peer to peer lender in the US, stopped by after a rousing speech at the Lendit… Read More

UC Berkeley Announces CrowdBerkeley to Understand the Crowdfunding Revolution

Laura D’Andrea Tyson

UC Berkeley has announced a new entity in ‘CrowdBerkeley’, a partnership focused on teaching and learning about the power of crowdfunding.  Berkeley states that crowdfunding is changing the future of finance by fostering the exchange of capital through new technology channels and by providing a more equal playing field for funding investors and recipients. This new… Read More

Orchard Platform Launches New Investment Manager Database for Institutions

Matt Burton Orchard

Orchard, an investment and analytics firm that supports the global marketplace lending industry, has released Orchard Manager Database described as a” comprehensive resource for institutional investors to identify and evaluate the funds of marketplace (P2P) lending investment managers”. This new application is designed to provides large investors an ability to research a wide spectrum of investment managers. The database… Read More

LendKey Receives “Largest” Institutional Commitment for Student Loans

Money US Dollars

LendKey, an online lending platform that connects local banks to borrowers, announced it has received a “conditional” commitment of up to $1 billion for student loan consolidation originated on the LendKey site.  The financing was from MidCap Financial, managed by a subsidiary of Apollo Global Management. LendKey stated, “this marks the largest ever institutional financing… Read More

Crowdcube: We Will Have a Record Breaking Year (Infographic)

Crowdcube on Taxi

Investment crowdfunding platform Crowdcube is predicting a “record breaking” year following the success of Q1 funding.  The first quarter of 2015 saw 36 businesses raising £17.5 million.  During the quarter total investments topped £24 million (some offers are still crowdfunding). Crowdcube touted some of the high profile successes including; JustPark, which raised £3.7, Pocket and… Read More

CannaFundr Forms Partnership with Deutsche Cannabis AG

Carsten Siegemund

Investment crowdfunding platform CannaFundr, one that targets the nascent cannabis industry, has formed a partnership with Deutsche Cannabis AG. The agreements is described as facilitating investment into the Cannabis industry internationally while boosting entrepreneurship and the infrastructure to support it. Deutsche Cannabis is said to be Europe’s first publicly traded investment firm focused on legal… Read More

GLI Finance Publishes “Alternative Finance Manifesto”. Explains How to Keep New Finance Growth Momentum

British Pounds Money £10

The UK has become one of the hottest markets for FinTech startups in the world. In fact the George Osborne has made the FinTech industry a tentpole in his policy initiatives. At the Innovate Finance launch last year the Chancellor declared “I want the UK to lead the world in developing FinTech”. Some politicians in the UK… Read More

Citigroup Exec Joins Fast Growing Lender CommonBond

Standard & Poors Vinayak Gurjar

Former Citigroup executive Vinayak Gurjar has joined marketplace lender CommonBond as Chief Risk Officer.  Gurjar joins a growing number of traditional banking managers switching over to new, fast growing financial firms.  While the banking industry has suffered years of slow growth, crushing regulations and a hostile political environment, new forms of finance, such as peer… Read More

Raising Capital on Crowd2Fund, Inntuit Wants to Save the Local Pub with PubCube

Fred Bell the Fleece

Fred Bell wants to reinvigorate the institution of the local pub.  Having owned and operated the Half Moon Inn, under Inntuit Limited, he understands the challenges and wants to help owners regain past glory or just improve their bottom line.  During the last few years the neighborhood Pub has been challenged due to the financial… Read More