JD Alois

Ten Reasons Businesses Should Use Peer to Peer Lending to Raise Capital (Infographic)

$50 Grant

By now most industry followers understand that peer to peer lending, or peer to business as it may be, is a great way to raise capital for your business.  Rates can be competitive versus banks. Many businesses end up using credit cards to help pay the way but we all know the excessive rates most… Read More

Former Chief Ombudsman, Tony Boorman, Joins UK P2PFA as a Director

Tony Boorman

The Peer-to-Peer Finance Association (P2PFA) announced last week the appointment of Tony Boorman, former Chief Ombudsman at the Financial Ombudsman Service, as a Director of the P2PFA. Tony will work with current P2PFA Chair Christine Farnish, as the Association continues to advocate on behalf of the peer to peer lending sector.  “Tony’s appointment demonstrates the dedication that… Read More

RCS Capital: Certain Broker Dealers Have Resumed Sales of Products While Executives Buy Shares in Own Company

RCS CAPITAL CORPORATION, INC. LOGO

In a company release RCS Capital Corporation (NYSE: RCAP) stated that certain broker-dealers have resumed sales of products distributed by RCS Capital the company’s wholesale distribution business, pursuant to 51 recently reinstated selling agreements. RCS Capital states it has 1,020 active selling agreements and works with over 250 firms to distribute alternative investment solutions.  The… Read More

Charles Sidman Out as President of Crowdfunding Professional Association

Charles Sidman

On November 18th the Board of the Crowdfunding Professional Association (CfPA) announced the departure of longtime President Charles Sidman. In a widely circulated email to CfPA members, CfPA Secretary Scott McIntyre stated, “The CfPA has had a momentous year building out the organization and raising awareness and participation in our new industry. We also want… Read More

Mirador Wants to Help Banks Battle P2P Lending, Raises $2 Million in Seed Funding

Mirador Financial

Mirador Financial has announced seed funding in the amount of $2 million to boost the growth of its “next generation small business lending platform and data services”.  Investors include, Collaborative Fund, Crosslink Capital, Vesta Corporation, Wicklow Capital and angels Eric Bunting, Bruce Gibney, Robert Harteveldt, Awy Julianto, George Kenny, Bruce Weinstein and Bill Ullman. Mirador… Read More

Louisville Joins Kiva to Boost Economic Growth via Entrepreneurship

Kiva city Louisvile

City of Louisville & Kiva.org Partner On Crowdfunded Zero Percent Interest Loans Kiva has announced the next city to leverage their platform to help fund entrepreneurship.  Kiva City Louisville, an initiative that brings crowdfunded micro-loans to small business owners and aspiring entrepreneurs in the Louisville area, is now aiding small businesses. Through Kiva City Louisville… Read More

The Big App Fund Winners Announced: Finalists Benefit from Crowdfunded Investment

The Big App Fund Winners 2014 Worth Capital

UKADEMICS, YOOVI and Briefly Named Winners in Worth Capital Sponsored Big App Fund. The contest to find the next big thing in Apps has announced the winners of a competition that saw over 400 submissions from 27 different countries.  The Big App Fund, created by Worth Capital, has released the names of the competition that… Read More

CoAssets Real Estate Crowdfunding Platform Updates on Investor Payouts, Expects Amount to Climb to Over S $700,000

CoAssets Deals

CoAssets, a Singapore based real estate investment crowdfunding platform, has released that total payout on the Asian platform is now over S $120,000 to date with the expectation for that amount to surpass S $ 700,000 over the next 12 months.  Projects listed on CoAssets currently include property bulk purchases, property presales and crowdfunding deals…. Read More

ECN Publishes Program for Europe-Wide Crowdfunding Convention

ECN Speakers 2014 European Crowdfunding Network

The European Crowdfunding Network is ramping up for what strives to be the “reference event” for the fast growing crowdfunding industry across the EU.  Organizers have published a detailed program for the convention that will take place in Paris on December 11th and 12th.  Noted speakers include Indiegogo co-founder Danae Ringelmann, Candace Johnson President of… Read More

BancBox Gives 60 Days Notice to Escrow Clients

Carriage Clock Time

In a widely circulated email sent last week, BancBox delivered the news to crowdfunding and lending portals their Invest product may soon be coming to an end.  BancBox has been providing a service to a varied number of crowdfunding portals that currently depend on their service to manage funding transactions.  The BancBox process was fulfilled… Read More

COIN is Now Shipping Beta Cards to Early Backers

Coin Next to Sunglasses

  COIN, a digital currency card that wowed the masses with a hugely popular pretail crowdfunding campaign that was partnered with a super cool pitch video, is now shipping beta cards to early backers.  In a tweet from the COIN twitter account the company verified cards are in the mail:   @reynoldsgroup The beta cards… Read More

Brief: Blue Mountain State Feature Film Now in Production

Eric Falconer

Wildly popular Blue Mountain State – The Film, has gone into production according to an update from creator Eric Falconer.  The  film project raised almost $2 million back in May of 2014 capturing the support of 24,000 supporters.  The crowdfunding project on Kickstarter resurrected a franchise that had been shelved by Spike TV following a… Read More

Crowdfunding Mailbox: Tobacco Motorwear, Pantelligent, & Wrap Makes Your Desk Surface Dry-Erasable

Crowdfunding Mailbox 11.23.14

I continue to be amazed and awed by the creativity and innovation exemplified by crowdfunding campaigns and the creators that launch them.  Crowdfunding has become a catalyst for young businesses and startups that are seeking not only capital but market validation.  This week for the crowdfunding mailbox we have Tobacco Motorwear – gear for the… Read More

UK Banks Being Disrupted by Crowdfunding (Video)

Luke Lang Crowdcube

Banks Called Out as Lost Decade of SME Finance. Crowdcube co-founder Luke Lang, along with Dexion Capital founder Robin Bowie, hit the studios of UK Bloomberg this past week to do a bit of a critique of the banking industry.  The first question asked is if crowdfunding would exist if the traditional banking industry did… Read More

Prosper: $493 Million in Peer to Peer Loans for Q3 2014

Prosper Quarterly Loan Originations 2014 Q3

Prosper, a leading peer to peer or “marketplace” lending platform, Q3 results are available via their 10Q filing at the SEC.  According to the document $493 million in loans originated on the platform for the 3 months ending in September.  This was generated by a total of 37,439 borrower loans (avg. $13,168). This compares to 9,143… Read More

House Financial Services Committee Chair Hensarling: SEC Must Take Action on Promoting Small Business

rep jeb hensarling

On the eve of the annual SEC Forum on Small Business Capital Formation, House Financial Services Committee Chair Jeb Hensarling is calling out the SEC to take action on promoting small business.  In recent years the annual event at the SEC has become a more popular venue to discuss methods to aid small business –… Read More

This Document Shows the Incredible Growth of Peer to Peer Lending in the UK

UK Alternative Finance Graph 2014 P2PFA

The UK Peer to Peer Finance Association or P2PFA is a participant in the European expert group reviewing the environment for crowdfunding and peer to peer lending in the EU.  Recently the group met and the P2PFA made a presentation delivered by Sam Ridler, Executive Director of the group. P2P lending started in the UK… Read More

Assetz Capital Goes Green with Peer to Peer Energy Income Account

Captiva Sunset

UK based Assetz Capital has launched a new peer to peer product that is targeting “green loans”.  According to a report from the firm the financial product expects to generate a gross annual return of 7% and “reflects the growing demand for responsible and ethical investment”.  Investors may participate with a £20 minimum. The Green… Read More

Love it: Radiotopia is The Future of Radio & Most Successful Publishing Project on Kickstarter Ever

Radiotopia shows

“We Are Living in the Golden Age of Story-telling.” While broadcast radio stumbles forward with pathetic shock jocks and painful morning drive shows, there is an audio revolution occurring today as consumers are choosing to stream on-demand content instead of enduring the self torture of your local FM station.  Granted there are some exceptions out… Read More

Syndicate Room Rebrands; Offers First REIT Investment That Expects to Publicly Trade

Mill Residential REIT

Amidst a recent site redesign that delivered a cleaner look to the fast growing investment crowdfunding platform, Syndicate Room has announced an industry “first” by offering shares in a Real Estate Investment Trust (REIT).  The offer is expected to list on a UK stock exchange this December.  The offer went live this past Sunday on… Read More