CrowdBureau, an information technology platform that offers asset and risk management tools for market players seeking more transparency in marketplace peer-to-peer lending and securities crowdfunding, announced this week it raised $1.1 million through its Series A funding round, which was led by Clydagh Limited, Estuary Holdings Ltd. and Alpama Limited along with existing investors.
The platform was founded by Kim Wales, a longtime proponent of crowdfunding and a former executive at the Crowdfund Regulatory Intermediary Advocates (CFIRA). CrowdBureau expects to produce monthly circulars on legal and regulatory developments and create guidance enabling Asia, the European Union, the UK, and US investment managers to build effective business structures for the industry.
“We engage actively with policymakers and other stakeholders around the world to ensure that our industry becomes among the world’s most competitive,” said Wales.
CrowdBureau reported that it will use the new funds to expand its series of benchmarks and launch a pilot program for its patent-pending regulatory technology product, the CrowdBureau Alert System (CAS), which is an early-stage risk detection system that helps P2P marketplace lenders and other digital finance companies comply with global regulatory mandates related to borrower and lender capital threshold limits.
Speaking about the investment round, Wales stated:
“We are delighted to have investors of this caliber helping us to build the company. We plan to create a family of Indices for publicly traded companies and grow the company around private-capital including non-listed asset classes such as marketplace lending that includes consumer loans, small business loans, real estate loans, student loans, and agriculture loans. The goal is to enhance risk management, transparency, distribution, and liquidity to savers, borrowers, and lenders.”
Pa Nolan, Director at Clydagh Limited and a CrowdBureau Advisory Board Member after the transaction, added:
“CrowdBureau offers peer-to-peer marketplace lenders, financial institutions and asset managers sophisticated tools and services they require to become and remain compliant and transparent in today’s fast-paced business environment.”