JD Alois

Sondors Electric Car Lists Reg D Offer to Raise $20 Million on StartEngine

Sondors Electric Car Company has listed another crowdfunding campaign on StartEngine – this time targeting accredited investors under Reg D 506c (Title II of the JOBS Act). Previously, Sondors raised $1 million under Reg CF rules. Under Reg CF, issuing firms have the ability to… Read More

OneGram Claims First Sharia Compliant Digital Currency, Lists ICO for Over $500 Million

OneGram announced at Consenus this week the world’s first Sharia-compliant, gold-backed digital currency. The company also announced details for its “OGC” token crowdsale which will begin at the onset of Ramadan. The Initial Coin Offer (ICO) will continue for 120 days. OneGram seeks to raise… Read More

The European Crowdfunding Network Schedules General Assembly for June 21st

The European Crowdfunding Network (ECN) has scheduled its Assembly of Members to take place on June 21, 2017. The gathering will be held at the ECN offices in Brussels. All ECN members are invited to stand for and vote on the ECN Board of Directors. The Board… Read More

ZrCoin Claims $3.7 Million Raised in ICO

Moscow based ZrCoin says it has raised $3.7 Million with the support of over 1,500 participants via an Initial Coin Offering (ICO) on the Waves Blockchain Platform. ZrCoin reports the money was raised during a two week crowdfunding campaign earlier this month The funding was… Read More

CEO of Assetz Capital Stuart Law Criticizes UK Government’s Approach to Boost Housing Market

The UK housing market has struggled for years as high demand has challenged supply. The markets have reacted naturally by driving housing costs up. Home buyers and renters have struggled to keep up. London has become one of the most expensive property markets in the… Read More

Secured P2P Lender Silver Bullion Reports Topping S$30 Million in Loans

Silver Bullion reports it has now facilitated S$30 million in peer to peer loans secured by precious metals like gold and silver. The Singapore-based platform expects to pay out S$1 million in interest as the loans mature. Lenders are receiving an average return of 3.83%… Read More

Earnest Prices $175 Million Securitization Rated by DBRS

Online lender Earnest has closed $175 million in refinanced student loans. The offering received a AA rating on the senior notes by DBRS which is one notch below the highest attainable rating of AAA. Earnest said the transaction was oversubscribed by 3X and traded at… Read More

Michigan Looks to Expand Intrastate Crowdfunding Exemption

Michigan enacted an intrastate investment crowdfunding exemption back in 2013 with broad bipartisan support. But legislators are looking to expand the reach of the current rule by updating the law. According to the Michigan House Republicans, State Representative Bronna Kahle’s new legislation (HB 4305) will broaden… Read More

Facebook Expands Donations Based Crowdfunding

Facebook is ratcheting up the competition with JustGiving and GoFundMe with its own donations-based crowdfunding vertical. According to information posted on the Facebook press page, the social media platform is adding two new categories: Community and Sports. Now users in the US can raise money… Read More

Research: Americas Alternative Finance Grows to $35.2 Billion in 2016

The Cambridge Centre for Alternative Finance (CCAF) and the Polsky Center for Entrepreneurship and Innovation and Booth School of Business Booth School of Business at the University of Chicago have revisited the alternative finance market once again with a benchmark study. The research which covers… Read More

Zopa to Launch Innovative Finance ISA in June. Other Investment Options Updated

Zopa has announced that it will launch its Innovative Finance ISAs or IFSA in June pending HMRC approval. Zopa believes demand for the new ISA will be high and said it will give priority access to existing customers. In advance of the IFISA, Zopa is… Read More

Stash Hires Giff Carter as Chief Revenue Officer as Growth Becomes Exponential

Stash, a digital investment advisor, has appointed Giff Carter as Chief Revenue Officer. The new hire was said to coincide with “exponential user growth and rapid expansion.” The company reported topping 500,000 users in March. Today, Stash has over 675,000 users. Prior to joining Stash, Carter… Read More

Manchester Evening News Has Raised Over £1.2 Million for Victims of the Manchester Arena Attack

The Manchester Evening News, a daily circulation publication with circulation of 52,000, has launched a donations campaign on JustGiving to raise £2 million to support the families of the victims killed and wounded in the tragic Manchester Arena attack. The campaign, operated in partnership with… Read More

Orchard: Consumer Unsecured Lending Down 44% from 2015 High but Increases from Previous Quarter

Orchard is out with their quarterly report and it is pretty interesting. As most people in the online lending industry know, this sector of finance has been going through a bit of a transition in recent months. Orchard has direct access to origination volume to… Read More

FinTech Australia Announces Winners of Finnie Awards

The winners of the inaugural Finnie awards were announced earlier today at a ceremony attended by more than 200 guests at Sydney’s Darling Harbour, according to FinTech Australia. The winners of 29 awards were chosen by 39 local and international judges from 158 entries. The… Read More

Brief: FundedByMe Sees Record Number of Investments

FundedByMe, says they have broken their internal record for the most number of investments on the platform. The Sweden-based crowdfunding platform said it had launched 12 new campaigns in the past 10 days driving investor interest. FundedByMe did not disclose details on the activity but… Read More