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.

Worth Capital Cancels Future Gadget Competition

Future Gadget Show

Worth Capital has cancelled Future Gadget funding competition stating the businesses were not ready for crowdfunded investment. The initiative was designed to discover the “world’s next great gadget” by engaging entrepreneurs, in need of capital and to then help bring their product to market.  Worth has done similar competitions previously which were successfully completed. The funding was… Read More

Lufax CEO: Big Risk of Fraud in China P2P Lending

China Peer to Peer Lenders

Speaking on a panel discussion at the Boao Forum in southern China, the CEO of Shanghai Lujiazui International Financial Asset Exchange (commonly referred to as Lufax), Gregory Gibb, addressed the pressing issue of fraud. The peer to peer lending industry in China has experienced supercharged growth over the past few years but has been plagued by fraud and… Read More

Online Valuation Firm Equidam Updates Platform

valuation value balance scale euro

Netherlands based Equidam, an online company valuation platform, has released an update and complete re-design to its site that is described as a new “focus on value creation and growth”.  Equidam has operated for the past three years tackling a difficult issue of SME valuation when no easy method is available. The redesign is said… Read More

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

One Pound UK £

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired these investments from private funds managed by the Company’s investment… Read More

Crowdfunding Asia Brings the Message of New Forms of Finance to Indonesia

Day Two Begins at Crowdfunding Asia Bangkok

Crowdfunding Asia will be visiting Jakarta, Indonesia next month delivering its message of the power and potential of crowdfunding to boost economies and create new jobs. Crowdfunding Asia held its first, very successful, conference in Singapore in August of 2014.  Several hundred finance professionals, investors, regulators, politicians and industry participants, gathered to share experiences and… Read More

China Experiences a Surge in Internet Banking

Chinese Peer to Peer Lending

Data published by the China Banking Association indicates a “surge” in internet banking.  According to a report in ECNS, individuals using online banking services has hit 909 million – an increase of 150 million compared to the year prior. Financial transactions totaled an astounding 60.85 billion during 2014 and increase of 22%, with 67.88% of… Read More

Funding Circle & Lancashire County Council Partnership Boosts 230 Local Businesses

Lancashire County Council

Peer to peer lender Funding Circle and Lancashire County Council have shared some data points on their partnership to provide capital to local businesses.  According to the pair, Lancashire County Council has directed over £1.5 million to 230 different companies.  The arrangement between the two entities was launched 2 years ago with the Council providing… Read More

Crowdcube Spain Has Now Raised Over € 1 Million for SMEs

Crowdcube Spain Espana

Launched last summer, Crowdcube Spain has surpassed € 1 million raised for small companies hitting a milestone for the young company.  To date 6 companies have successfully raised funds on the site. One of the companies raising capital on Crowdcube was HEMAV, a Barcelona based drone company which now claims the title of largest equity… Read More

P2P Lender SocietyOne Hires Simon Schwarz as New COO as Firm Grows

SocietyOne Thinks Outside of the Box

Australia based peer to peer lending platform SocietyOne has added to its executive team with the appointment of new Chief Operating Officer Simon Schwarz. The new hire will help position the platform for further growth as the P2P lending industry continues to disrupt traditional banks with its more efficient and cost effective approach to matching… Read More

Seedrs Partners with HedgeBrunch Global Network

HedgeBrunch

UK based crowdfunding platform Seedrs has “joined forces” with HedgeBrunch, a “global network of hedge funds” and finance professional to expose the group to the world of investment crowdfunding.  Reportedly co-founder and CEO of Seedrs Jeff Lynn reviewed his platforms operations to the group last week at the Library Club in London’s West End.   A… Read More

OurCrowd Appoints Joel Maryles as “Chief Exit Officer”

Joel Maryles

Global investment crowdfunding platform OurCrowd is adding another member to its executive bench. Joel Maryles, another Wall Street veteran, is joining the young platform as Chief Exit Officer (CXO).  This is clearly a move to emphasize the importance of value creation, and financial return, for investors that utilize the OurCrowd platform.  Maryles will also be… Read More

FCA Publishes Business Plan for Coming Year

British Pounds Money £10

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial crisis and the associated political realities. The FCA’s plan for… Read More

Kabbage Extends Reach into Australia with License Agreement by Kikka Capital

Kabbage Small Business

The lending environment is heating up in Australia with peer to peer lending platforms on the move. Now Kabbage, an online lender providing small business loans has announced a partnership with Kikka Capital to power its small business lending service commencing in May.  The collaboration between Kabbage and Kikka was described as a “significant expansion”… Read More

Invivo Now Most Funded Crowdfunding Campaign Ever in New Zealand

Invivo Wines Good for the Seller

Just last week we were writing about the impressive crowdfunding success of Invivo, a winery raising capital on Snowball Effect. The campaign launched and almost immediately jumped to $1 million NZD. Now a few days later and Invivo is nearing its $2 million top limit standing at over $1.7 million with almost three weeks left… Read More

All Street to Provide Research to Crowdfunding Investors

Emanuela Vartolomei

UK based All Street has launched its platform providing research for investors in crowdfunding offers.  The firm has claimed to be there first in the space.  All Street clarifies that all research will be independent and paid by the investors and not commissioned by platforms or issuers. As part of the announcement All Street said… Read More

French Peer to Peer Lender Unilend Raises € 8 Million in Funding Round

Nicolas Lesur, CEO of Unilend shares his perspective

Peer to peer lending platform Unilend has announced a significant investment in the amount of € 8 million from BPI France, a state government investment fund, Ventech and 360 Capital Partners.  The direct lender was launched in 2013 prior to formal regulations which were finalized in the Fall of 2014. Unilend has grown quickly having captured… Read More

UK Government Creates P2P Impact Fund. Commits £2 Million for Social Enterprises

Peer to Peer Blue

The UK has just announced a new £2 million fund created to back social organisations via peer to peer lending and crowdfunding platforms. The announcement did not mention specific platforms by name by disclosed platforms are being reviewed with an announcement coming  which platforms have been selected later this year. The new “P2P Impact Fund”… Read More

Funding Empire Launches New Asset Backed Lending Product in Partnership with BLX

Funding Empire Tablet

Peer to peer lender Funding Empire has announced a new, asset backed product in collaboration with The Business Lending Exchange (BLX).  The announcement was described as the “first product” in regards to the strategic relationship between Funding Empire and BLX. The new products are available as of tomorrow (March 24th).  As part of the agreement… Read More

Brief: FCA Calls on Individuals to Remain Vigilant Against Fraudsters as New Pension Options Loom

Stop-Fraud-600

There is always another fraudster hunting for a new method to separate investors from their hard earned money by offering bogus investment opportunities. With updates forthcoming for UK pension options, the FCA has called on individuals to be aware of opportunities that are probably too good to be true. FCA CEO Martin Wheatley called on… Read More

Eureeca Receives FCA Approval in “Landmark” Event for Dubai Based Crowdfunding Platform

Sam Quawasmi and Christopher Thomas Eureeca

The Financial Conduct Authority has approved the application of Dubai based Eureeca and is now regulated under UK rules.  Eureeca is a leading investment crowdfunding platform in the Middle East.  According to Eureeca, the funding portal is seeking to assist UK based SMEs looking to enter the Dubai market by providing local capital and local expertise…. Read More