June 24, 2019 @ 3:56 pm By JD Alois  |  

The House Financial Services Committee Task Force on Financial Technology is scheduled to hold its first meeting tomorrow (June 25) at 2 PM. Chaired by Representative Stephen Lynch, the hearing is entitled, “Overseeing the Fintech Revolution: Domestic and International Perspectives on Fintech Regulation.” Unfortunately, as… Read More

June 24, 2019 @ 12:35 pm By JD Alois  |  

Later this week the V20 conference will take place alongside the bi-annual G20 event being hosted in Japan. The G20 is, of course, the global powwow of 19 leading nations plus the EU. While mostly a lot of hobnobbing and back-room policy wrangling, while in… Read More

June 24, 2019 @ 10:44 am By JD Alois  |  

Tomorrow (June 25) SEC Commissioner Hester Peirce will be speaking about the “SEC, Entrepreneurship, Fintech and the Economy.” The event is open to the public but it will be live-streamed on the Heritage Foundation’s website for free. Peirce is well known for her thoughtful approach… Read More

June 24, 2019 @ 10:20 am By JD Alois  |  

Last week, FATF President Marshall Billingslea of the US, chaired the Plenary meeting under the U.S. Presidency in Orlando.  US Secretary of Treasury Steven T. Mnuchin was on hand to provide remarks on the accomplishments of the group. As part of his speech at the… Read More

June 24, 2019 @ 9:05 am By JD Alois  |  

Challenger stockbroker app Freetrade is returning to the pages of Crowdcube to raise capital once again. The highly popular company topped their £500,000 crowdfunding goal in May in about 12 minutes. Back in April, Freetrade attempted to launch an offering but Crowdcube’s servers struggled with… Read More

June 24, 2019 @ 8:20 am By JD Alois  |  

The peer to peer lending market in China was at one time similar to the ridiculous ICO market. Full of big promises that ended up being empty commitments. Allegations of fraud in the P2P sector in China has been far larger than the ICO sector… Read More

June 24, 2019 @ 8:04 am By JD Alois  |  

A study published in the Small Business Economics: An Entrepreneurship Journal by faculty at Florida Atlantic University College of Business and the University of Bergamo in Italy, says that investment crowdfunding has been good for young entrepreneurs but not so much for minority founders. While… Read More

June 24, 2019 @ 7:43 am By JD Alois  |  

Bitbond, a Germany-based global online lending platform that is in the process of issuing one of the first security tokens, says guidelines issued by FATF impacting “virtual asset service providers” or VASPs – has gone too far. Bitbond, licensed by BaFin, is in the midst… Read More

June 24, 2019 @ 4:01 am By JD Alois  |  

MarketInvoice, a Fintech in the invoice financing sector, has published their “MarketInvoice Business Insights survey” based on responses from 1,000 business owners of UK Ltd companies between 31st May and 5th June 2019. According to their results, the lack of finance options is considered to… Read More

June 23, 2019 @ 9:08 pm By JD Alois  |  

Reg CF, the crowdfunding exemption that allows issuers to raise up to $1.07 million online, has topped the $200 million mark, according to StartEngine – a crowdfunding platform that tracks the exemption’s progress. In May, according to the report, issuers raised $5.7 million pushing the… Read More

June 23, 2019 @ 12:44 pm By JD Alois  |  

Online lending is the future. Everybody knows that. It is easier, faster, and more convenient for both lender and borrower. Over the past decade or so, a good number of direct lenders, be they balance sheet, marketplace or other, have cropped up to service the… Read More

June 23, 2019 @ 11:36 am By JD Alois  |  

LawCloud, formerly doing business as iDisclose, issued a not last week addressing the Securities and Exchange Commission’s (SEC) Report on Regulation Crowdfunding (Reg CF). The report is a point in time snapshot of sector progress for the smallest sector of online capital formation. In brief,… Read More

June 22, 2019 @ 11:04 am By JD Alois  |  

Hedera Hashgraph, one of several aspiring iterations of blockchain, or distributed ledger technology, designed to address existing shortcomings in DLT 1.0, has paid for a full-page advertisement in the Wall Street Journal mocking Facebook. Last week, Facebook officially launched “Libra” its spin on crypto. The… Read More

June 21, 2019 @ 7:10 pm By JD Alois  |  

The Financial Action Task Force (FATF) is out with their “Guidance for a Risk-based Approach: Virtual Assets and Virtual Service Providers.” This guidance, which was widely expected to be released today, should be rubber-stamped at next week’s G20 meeting in Japan. The proposals included in… Read More

June 21, 2019 @ 2:04 pm By JD Alois  |  

The largest provider of personal online loans in the US, LendingClub (NYSE: LC), got to ring the bell at the New York Stock Exchange today. The event was to celebrate the marketplace lending platform’s 3 millionth borrower. To date, LendingClub has originated over $50 billion… Read More

June 21, 2019 @ 9:22 am By JD Alois  |  

Singapore based Algorand successfully raised $60 million in a dutch auction token sale this week. The Algorand Foundation said the auction was “met with overwhelming demand” as they distributed the first 25 million Algos to global auction participants. Algorand boldly claimed this was the “start… Read More

June 21, 2019 @ 8:33 am By JD Alois  |  

Allison Lee has been confirmed by the US Senate as a Commissioner at the Securities and Exchange Commission. Earlier this month, Lee testified in front of the Senate Banking Committee as part of the confirmation process. Lee has spent the bulk of her career at… Read More

June 21, 2019 @ 8:07 am By JD Alois  |  

Robo.cash is reporting its millionth loan funded. According to the peer to peer lending, for the first five months of 2019, the platform has shown a 26%-increase in the number of funded loans and a 54%-increase in the amount of new investors, compared to the… Read More

June 21, 2019 @ 7:15 am By JD Alois  |  

Facebook’s push into cryptocurrency has engendered an exceptional amount of debate and discussion. Some people think it is great. Others, not so much. It doesn’t help that Facebook is a company that has a penchant for abusing their user data while claiming transparency and actually… Read More

June 21, 2019 @ 6:38 am By JD Alois  |  

Slack (NYSE:WORK) completed a direct listing on the New York Stock Exchange this week. A direct listing is not a capital raising effort, it is a move by a company to provide liquidity for existing shareholders while remaining compliant under the law. Slack kicked off… Read More