The Financial Conduct Authority (FCA) is prepping new rules for the crowdfunding industry where they want to come up with regulations which are “proportionate, that provides appropriate consumer protection but also allows consumers and firms access to what can be an important source of funding”.
In a brief video report from the BBC the news service interviews an investor in the The Clove Club restaurant in London which was crowdfunding on equity crowdfunding site Crowdcube where it raised £250,000 in capital from 49 individuals.
The video brief also highlights Righteous salad dressing which raised £75,000 on Crowdcube and is now successfully retailed in many food stores and the company is growing rapidly. For Righteous founder Gem Misa, “crowdfunding has been absolutely key” to her success. Her product is now in over 1000 super markets in the United Kingdom plus over 500 markets in North America.