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.

FSCS Deposit Limit to be Lowered. RateSetter Believes their Provision Fund is Better

FSCS Savings Protected

The new FSCS deposit limit will kick in on January 1st, 2016.  The limit for individuals is being lowered from £85,000 to £75,000 to be in line with the European Union Deposit Guarantee Scheme which is designed to “harmonize” the limit across Europe to €100,000.  The… Read More

European Crowdfunding Network Publishes Code of Conduct & Charter of Crowdfunder’s Rights

European Crowdfunding Network ECN

The European Crowdfunding Network (ECN), recently met in Lisbon, Portugal, where they announced their new Board of Directors.  In conjunction with this meeting, the new board has published an updated Code of Conduct for platforms, alongside a Charter of Crowdfunding Rights users. The two documents… Read More

Plymouth Car Brand Wildcat Seeks £1.5M on Crowdcube For New Off-Road Vehicles

Wildcat Use of Proceeds

Ready to expand its line of motorized vehicles, Plymouth-based Wildcat has launched an equity crowdfunding campaign on Crowdcube to raise £1.5 million for its new off-roadsters, the W22 and MV-LSV.  The raise represents a 15% equity stake in this 35 year old company.  There is also a tired reward program… Read More

Overfunding on SyndicateRoom, Fertility Focus Says Exit Could Deliver 10X Return to Investors, According to Company

ovusense

The UK company Fertility Focus  and its product Ovusense is said to deliver a 99% accuracy in predicting ovulation.  The company states that 30% of women have ovulatary issues – most of which are difficult to discern.  They also state that over 50% of women are… Read More

FCA Annual Report: “Breaking down those barriers that have prevented firms coming into sectors, like banking, is an essential part of our role”

FCA Satisfcation

The Financial Conduct Authority (FCA), has been tasked with a mission to change and adapt to present day financial market realities.  Charged with the very important role of investor protection, and market efficiency, the FCA also maintains a mission to encourage competition.  It is this… Read More

Brief: Peer-to-Peer Entrepreneurs’ Organization Appoints Gilberto Crombe As New Global Chairman

Gilberto Crombe

On Wednesday, the Entrepreneurs’ Organization (EO), a peer-to-peer community of entrepreneurs, welcomed Gilberto Crombe as its new chairman of the global board of directors for FY2015/2016. Crombe’s tenure as chairman will focus on bringing together EO’s global network while driving the organization’s strategic initiatives—and the leading entrepreneurs it… Read More

FinTech Firm Mambu is Selected to Help Power Lending for Ferratum Group

Ferratum Mobile Bank

Cloud banking tech provider Mambu has forged an agreement with the Ferratum Group to power “Ferratum Business”.  This new subsidiary is a designed to provide SME financing and loan service. Mambu’s cloud based, SaaS, will help manage loan application, origination, credit scoring and loan disbursement… Read More

Peer to Peer Finance Association to Partner with Lendit on UK Event

Christine Farnish

The Peer to Peer Finance Association (P2PFA) in the UK has shared they will be partnering with Lendit on their annual conference to be held in London this coming October. Lendit has captured solid acclaim for its US conferences targeting the marketplace lending / peer… Read More

Malaysia is First ASEAN Country with Crowdfunding Laws

Malaysia Coin Ringit

Malaysia has been at the forefront of countries in Asia advocating on behalf of capital access and innovative finance.  Largely championed by the Securities Commission, Malaysia now becomes the first country in the Asean region to have a defined regulatory environment to facilitate investment crowdfunding…. Read More

Do You Really Need a Business Plan? Bill Morrow of AngelsDen Thinks Not (Video)

Bill Morrow

This one falls under the category of recently discovered.  Bill Morrow, co-founder and Director of AngelsDen, a crowdfunding portal that has raised over £18 million for business believes “those who ask for business plans are doomed to fail”.  Now Morrow is not just being glib…. Read More

P2P Lender Landbay to Fund Keystone Buy to Let Mortgages. Expects to Lend £200 Million through 2016

Landbay houses

Yesterday Keystone announced its three-year funding agreement with Aldermore Bank, had ended. Today it has formed a partnership with Landbay to lend and estimated £200 million through Keystone in 2016. This is significant boost for Landbay, a company that has been in operation a bit over… Read More

Brief: Punakaiki Fund Moves Into Overfunding on Snowball Effect

Punakaiki Fund

Snowball Effect has stated that successfully funded Punakaiki Fund’s offer has been extended. Originally the equity raise had set a low bar minimum target of $200,000 NZD.  Recently the offer neared $2 million NZD but today Snowball communicated that retail investors sill had time to… Read More

United We Conquer: Alternative Business Funding Provides Single Platform to Match SMEs to Sources of Capital

alternative business funding

Alternative Business Funding (ABF) has a growing portfolio of members each with a service to provide access to capital for SMEs. The internet finance providers range from debt to equity, short to long term loans, and more.  The list of collaborators is a who’s who… Read More

Interview with Property Partner CEO & Founder Daniel Gandesha: Highlights Team Synergy, Real Estate & Internet Finance

Daniel Gandesha

  UK-based Property Partner, the residential real estate crowdfunding investment platform, allows people to invest in individual residential properties at the click of a button. Investors receive a monthly rental income and benefit from any capital growth, in direct proportion to their ownership.  Identifying locations and individual properties that are likely to be… Read More

SeedUps Canada is Self-Crowdfunding as Market Heats Up Around the World

SeedUps Canada Making the Connection

SeedUps Canada, a leading equity crowdfunding platform operating out of Calgary, is joining a growing number of platforms that are leveraging their own technology to self-crowdfund their company. SeedUps is reaching out to their growing number of users, and beyond, to capitalize on their first… Read More

Brief: VPC Specialty Lending Ahead of Investment Target

peer lending 1

VPC Specialty Lending Investments (LSE:VSL), has released a statement that the company has invested 87% of net IPO proceeds which is “significantly ahead of the target to be substantially fully invested within six months of admission.”  VPC invests in peer to peer or direct lending… Read More

36 Companies Join to Form France FinTech Association

Alain Clot

Created to bring together companies which are using innovative operational, technological or economic business models  in the financial services industry, 36 companies have formed a new association named France FinTech. Chaired by Alain Clot, the new entity is said to welcome all business using or creating innovative and disruptive… Read More

CrowdProperty Tops £1 Million in Lending

CrowdProperty Funded

Peer to peer lender CrowdProperty has passed its first £1 million milestone. The property lender launched late in 2014 and has set an ambitious goal of facilitating £20 million in loans its first year in operation. CrowdProperty stated the million mark was hurdled as its… Read More

JD.com & ZestFinance Partner on Consumer Credit in China

Shengqiang-Chen

One of China’s largest direct sales platforms JD.com (Nasdaq:JD), and US based ZestFinance, a have formed an agreement to launch a joint venture called JD-ZestFinance Gaia.  This new partnership is designed to support the development of consumer credit in China.  The combined initiative will incorporate ZestFinance’s… Read More