The founder of a unique debt-based crowdfunding platform will be in town Wednesday to to announce her enterprise’s entry to the St. Louis market.
Candace Klein, founder of SoMoLend, an online service that allows investors to lend money to small businesses, will be at the St. Louis launch event from 5-7 p.m. at Washington University’s Simon Hall. Klein also chairs CrowdFund Intermediary Regulatory Advocates (CFIRA), the nascent field’s industry group. Her Cincinnati-based company, an Olin Cup winner from last year, is promoting SoMoLaunch, a business plan competition which will give away grants of $1,000 to $5,000.
“It’s web 3.0 where not only are we connecting socially,” said Klein. “We’re connecting with each other financially.”
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025
Share this graph
Number of Filings130Prior 125 +4.0%
Target Raise, Total$3.37BPrior $3.54B -4.7%
This YTD
Year prior
Change
Filings
130
125
+4.0%
Target raise
$3.37B
$3.54B
-4.7%
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the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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