Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

CoAssets Appoints Two Independent Directors to Board

Chew Siang Chee and Jeffrey Chi

CoAssets (NSX code: CAX), a Singapore based crowdfunding platform, has announced the appointment of two new directors that will be joining the young company in the coming weeks. CoAssets became a publicly traded company last year establishing itself as the first real estate platform to… Read More

Indonesian Bank Sinarmas Partners with P2P Lender Modalku

Reynold Wijaya

Bank Sinarmas, a Jakarta based financial institution, has formed a partnership with recently launched peer to peer lender Modalku to more easily provide access to capital to SMEs joining a global trend of traditional finance partnering with innovative Fintech firms. The partnership with Sinarmas Bank… Read More

Slow Moving: Australian Investment Crowdfunding Rules Plod Along

Australia Money

  In Australia, the process to update the regulatory environment to facilitate equity crowdfunding has been a long journey. Back in 2014,  proposed rules by the Corporations and Markets Advisory Committee (CAMAC) were criticized by one industry leader as “totally unworkable”. No need to say more. At… Read More

Cambridge Centre for Alternative Finance Receives $1 Million Grant from CME Group Foundation

robert wardrop

The Cambridge Centre for Alternative Finance (CCAF), at the University of Cambridge Judge Business School in the UK, has received the backing of the CME Group Foundation to the tune of a $1 million grant to  support research on new forms of finance such as… Read More

European P2P Lender Bondora Opens Up API to Public

Bondora_API

Pan-European peer to peer lending platform Bondora has become the first online lender in Europe to open its API to the public.  The program interface is available to both retail and institutional P2P/ marketplace investors. This update to their lending ecosystem should facilitate investor access… Read More

Zopa Preps for Innovative Finance ISA

Money Pounds UK

The godfather of peer to peer lending Zopa, has published some information on the forthcoming Innovative Finance ISA.  The long awaited update to ISAs will finally take place this coming April. At that time, savers will be able to add P2P / marketplace lending assets… Read More

Cheers! Seedrs CEO Jeff Lynn Celebrates £100M Invested in Early-Stage and Growth Businesses

Seedrs Champagne 2013

“As the first regulated equity crowdfunding platform in the world, Seedrs has always focused on doing equity crowdfunding the right way. Our mission is to build a sustainable industry with a business approach focused on a combination of scale and professionalism. We create a world-class… Read More

Brief: Indian Fintech Startup Capzest Raises $200K, LionVentures Leads Round

Flag_of_India

Mumbai-based P2P lending fintech startup, Capzest, has raised $200K in seed funding from LionVentures, a seed investment and innovation platform founded by Anurag Mehrotra founder of LionVentures; Varun Dua, co-founder and CEO of Coverfox; Amit Tambe, former senior partner of Trilegal India and Vikas Jhunjhunwala, a Mumbai-based textile businessman reported VC Circle…. Read More

OurCrowd First Recognized as Most Active Micro VC Fund by IVC-APM

OurCrowd First Management

OurCrowd, one of the largest investment crowdfunding platforms in the world, has received a cool recognition for its OurCrowd First seed fund. IVC-APM has bestowed the title of OurCrowd First being  Israel’s Most Active VC Fund. According to info provided by OurCrowd, the report analyzed… Read More

Latvian Marketplace Lender Twino is Not Magic, It is Reselling Short Term Consumer loans

Jevhenijs Kazanis Twino

Today at Finovate Europe in London, quite a few attendees were startled to hear Jevhenijs Kazanis, Twino’s CEO, confidently assert: “Twino will buy back any non performing loan after a 30 day period of delinquency.” How could that work? Many wondered. It was already startling… Read More

Nesta Schedules Event to Launch Alternative Finance Industry Report

British Pound UK

Nesta, in partnership with Cambridge University and KPMG, has scheduled a gathering to launch the UK Alternative Finance Industry Report. The event, which is open to the public, is an opportunity to discuss key trends in the UK crowdfunding and peer to peer lending (marketplace… Read More

Former FSA Chair Lord Adair Turner Warns About Peer to Peer Lending. Industry Leaders Disagree

Lord Adair Turner

In an interview today on BBC, Lord Adair Turner, former Chair of the FSA (predecessor to the FCA), shared his opinion on banking and the financial industry in general, including a discussion on the burgeoning peer to peer lending sector.  Lord Turner, it appears, is… Read More

Merger: Growthdeck & Squareknot Join Equity Crowdfunding Operations

Squareknot

Recently launched equity crowdfunding platform Growthdeck, has merged operations with Squareknot based in Glasgow, Scotland in perhaps the first merger of two online equity marketplaces. Growthdeck, announced its debut this January to offer “investors more investment experience, transparency and a much higher level of customer… Read More

InvestUP Officially Comes Out of Beta at Finovate Europe with Full-Featured UK Retail Crowdlending Portal

Dom Wolf and James Tuckett at Finovate Europe 2016

At a time when many a crowdlending platform focuses on attracting institutional investors, it is very refreshing to see a startup go back to the roots of crowdfunding by addressing the needs of the crowd, the 99%, the retail investors. investUP is a crowdfunding portal… Read More

SyndicateRoom & Wayra UK Partner to Guide Startups through Funding Journey

Gary Stewart, Director of Wayra UK

SyndicateRoom and startup accelerator Wayra have joined to collaborate to aid tech startups in their funding “journey”. SyndicateRoom, a leading UK equity crowdfunding platform, is said to work closely with current and future companies participating in the Wayra program.  For qualified startups, SyndicateRoom will help… Read More

London Whale Boss Achilles Macris Hit with £729,900 Fine Courtesy of FCA

Sperm Whale

The Achilles Macris, a former JP Morgan Chase executive and boss of the legendary London Whale, was hit with a £729,900 fine for “failing to be open and cooperative. The penalty was assessed by the Financial Conduct Authority (FCA).  Mark Steward, Director of Enforcement and… Read More

EY & Swiss Finance + Technology Association Release New Report: Swiss Role in Fintech

ey swiss fintech report

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

UK Fintech Group Hello Soda Taps into South East Asian Market, Targets ASEAN Economies

hello soda team with ugly sweaters!

UK FinTech firm Hello Soda, headquartered in Manchester, has launched ‘Hello Soda Asia’, its new South East Asian venture. The new FinTech venture which gives the firm a strategic foothold in South East Asia, will operate out of Bangkok, Thailand and Singapore, and will specifically… Read More

Brief: NovitasPartners and FTCL Merge Firms to Meet Growing Demands in Fintech Sector

John Gilligan

NovitasPartners and FTCL, two UK boutique corporate finance firms specialising in the fintech sector, today announced their merger to meet the growing demand for corporate finance advisory services from clients within the payments, data, financial software, market infrastructure, business process outsourcing, and securities services subsections…. Read More