November 6, 2019 @ 10:25 am By JD Alois  |  

CrowdStreet, a real estate crowdfunding platform, has raised $12 million in a Series C funding round from its “community of individual  investors and commercial real estate sponsors.” CrowdStreet leveraged its own platform to raise the growth capital. CrowdStreet also reported that it is on track… Read More

November 6, 2019 @ 8:44 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Enforcement, has published its annual report on enforcement. The Division of Enforcement is the largest division at the SEC. The report states that, during the fiscal year, the SEC brought “a diverse mix of 862 enforcement actions,… Read More

November 6, 2019 @ 8:13 am By JD Alois  |  

Chip, a Fintech that claims to be one of the most crowdfunded businesses in the UK, is raising £7.3 million following a previous £3.8 million crowdfunding round on Crowdcube. Chip recently sold a 9.39% equity stake in the company to 6897 individual investors at a… Read More

November 6, 2019 @ 1:03 am By JD Alois  |  

Crowdcube, the UK’s largest crowdfunding platform by total funded, has tallied its 1000th raise, according to a report from the company. Luke Lang, Crowdcube’s co-founder and CMO, stated: “Reaching our 1000th raise shows how committed communities are backing trail-blazing businesses in greater numbers than ever… Read More

November 5, 2019 @ 5:05 pm By JD Alois  |  

A report indicates that trading App Robinhood had an interesting flaw in its platform that enabled some users to access unlimited borrowed funds. According to a write up by Bloomberg, users in the Reddit forum WallStreetBets were able to take advantage of the flaw. Investors… Read More

November 5, 2019 @ 4:50 pm By JD Alois  |  

LendingClub (NYSE:LC), the leading US-based marketplace lending platform, has released Q3 earnings results. According to published results, LendingClub beat previously provided guidance and delivered its first profitable quarter in memory. LendingClub said it “achieved break-even GAAP earnings per share” and adjusted earnings per share of… Read More

November 5, 2019 @ 2:27 pm By JD Alois  |  

Republic, a leading investment crowdfunding platform, has revealed the winners of the inaugural “SheWorx Equity Crowdfunding Challenge.” SheWorx was acquired by Republic earlier this year. SheWorx is a global platform empowering 20,000+ female entrepreneurs to launch successful companies. Republic, which is an impact-driven platform, notes… Read More

November 5, 2019 @ 1:00 pm By JD Alois  |  

Last month, Crowdfund Insider reported on comments by EC Vice President Valdis Dombrovskis, a Commissioner whose portfolio includes Financial Stability, Financial Services, and the Capital Markets Union, indicating harmonized crowdfunding rules may be forthcoming before the end of the year. In a tweet, Dombrovskis stated… Read More

November 5, 2019 @ 11:19 am By JD Alois  |  

The Financial Action Task Force (FATF) rules regarding cryptocurrency platforms or virtual asset service providers (VASPs) have been out in the wild for some time now. Initially, there was much industry concern that required KYC/AML rules will undermine VASPs and harm the industry but, over… Read More

November 5, 2019 @ 11:01 am By JD Alois  |  

HoneyComb Credit is an investment platform that provides access to capital via crowdfunded loans. HoneyComb is a FINRA regulated Funding Portal that utilizes Reg CF, a securities exemption that allows issuers to raise up to $1.07 million in a securities offering. HoneyComb seeks to help… Read More

November 5, 2019 @ 9:16 am By JD Alois  |  

The Token Taxonomy Initiative has released the Token Taxonomy Framework (TTF) V 1.0. The Framework is designed to standardized tokenization including the issuance of securities. According to the initiative, users of the TTF can create a new type of token from a set of “reusable,… Read More

November 5, 2019 @ 8:57 am By JD Alois  |  

Kapital Boost, an Islamic peer-to-peer crowdfunding platform for SMEs, has received regulatory approval from the Indonesian Financial Services Authority (OJK). Kapital Boost described the approval as “validation that its business model and processes are in accordance with Indonesia’s financial services regulatory requirements, which has gotten… Read More

November 5, 2019 @ 8:47 am By JD Alois  |  

Microsoft has been working in the distributed ledger space for years now. Yesterday, as part of its foray into blockchain technology, Microsoft announced that Azure Blockchain Tokens is now in preview. Azure Blockchain Tokens is a new Azure managed service that enables users to speed… Read More

November 5, 2019 @ 8:08 am By JD Alois  |  

Falkensteiner Hotels & Residences has raised approximately €13.2 million via Finnest, according to a release. Falkensteiner is claiming the amount as a record. The FMTG Group or, “Falkensteiner Michaeler Tourism Group,” is a leading Central European provider and developer of tourism products and services. The… Read More

November 5, 2019 @ 5:11 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Fintech providing access to capital for SMEs, is opening a physical branch in Munich. While many Fintechs are focusing on less real estate, creditshelf believes a localized office can help expand its services. Jan Stechele, Head of Product Management, Head of Business… Read More

November 5, 2019 @ 2:47 am By JD Alois  |  

Last month, the Association for Financial Markets in Europe (AFME), issued a report on the Capital Markets Union and progress in achieving the European Union’s goal. The AFME report, the second of its kind, post various KPIs or Key Performance Indicators. One of the areas… Read More

November 5, 2019 @ 1:29 am By JD Alois  |  

æternity, an open-source blockchain, has partnered with Microsoft Innovation Center (MIC) to support the growth of blockchain technology in Malta, according to a release. æternity’s investment arm, AE Ventures, and Microsoft are expected to host frequent blockchain events in Malta. Malta, a member of the… Read More

November 4, 2019 @ 6:31 pm By JD Alois  |  

Prosper Marketplace, a leading marketplace lending platform, has launched a Home Equity Line of Credit (HELOC) product in partnership with BBVA. According to a blog post, the HELOC is currently available in Texas, Florida, Arizona and Alabama. Prosper said the two companies are bringing together… Read More

November 4, 2019 @ 12:24 pm By JD Alois  |  

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More

November 4, 2019 @ 11:15 am By JD Alois  |  

The International Organization of Securities Commissions (IOSCO) has issued a statement on stablecoins. The concept of stablecoins has endured increasing regulatory scrutiny following the announcement by Facebook that it intends to issue Libra – a stablecoin expected to be backed by fiat currency and other… Read More