June 7, 2017 @ 2:30 pm By JD Alois  |  

Response Specifically Targets, AI, Crowdfunding, Blockchain, Regtech & More. The European Securities and Markets Authority (ESMA) has responded to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”. The ESMA welcomed the initiative to take a stock-take of the EU’s… Read More

June 7, 2017 @ 2:07 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published a consultation on the regulation of Robo-Advisors or “Digital Advisory Services.” The consultation will close on July 7, 2017. The MAS proposal seeks to support innovation in financial services by recognising the unique characteristics of digital platforms…. Read More

June 7, 2017 @ 1:31 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is out with an FAQ to supplement a Bulletin (2013-29). Several of the items address Fintech specifically, as well as marketplace lending. This is part of the ongoing adjustment in the financial regulatory space where policymakers… Read More

June 7, 2017 @ 10:51 am By JD Alois  |  

Investment crowdfunding platform Invesdor says the VC or Angel led crowdfunding model has landed in the Nordic region citing two specific examples. The model of pairing professional investors with smaller investors has been growing in prominence across the world and is already well established in… Read More

June 7, 2017 @ 10:18 am By JD Alois  |  

Specialist business peer to peer lending platform Folk2Folk has hired a new Chief Marketing Officer (CMO) and four Business Development Managers (BDM). Folk2Folk specializes in secured loans for businesses across the UK. The platform matches local businesses looking for finance with investors looking for a great… Read More

June 7, 2017 @ 9:00 am By JD Alois  |  

Sharestates, an online real estate investment marketplace, has topped a major milestone: $500 million in loan originations for real estate investment. Sharestates predicts it will surpass $1 billion in real estate loans before the end of 2017. The announcement was joined by the release of… Read More

June 7, 2017 @ 7:52 am By JD Alois  |  

New account has a capped target return of 5.50% gross per annum. P2P lender Assetz Capital has announced a new investment account, or “Property Secured Investment Account,” that is designed to allow individuals to invest automatically in property-backed loans. Assetz Capital said these loans will… Read More

June 7, 2017 @ 7:42 am By JD Alois  |  

Peer to peer lender Zopa has established a development center in Barcelona, Spain. The new tech hub is said to initially focus on building the platform that will launch the next generation digital bank.  This will include deposit systems, credit card processing, payment gateways and… Read More

June 7, 2017 @ 1:01 am By JD Alois  |  

OurCrowd, a global leader in equity crowdfunding, has signed a strategic collaboration agreement with Reliance Private Client, part of Reliance Capital, one of India’s leading wealth management companies. Reliance Group, the parent company, is amongst India’s leading business houses with over 250 million customers. Reliance Capital… Read More

June 6, 2017 @ 10:43 pm By JD Alois  |  

Everybody is doing it. Raising money using digital coin, that is. Internet of Coins is the latest entity to take advantage of the crowdfunding with bitcoin and other cryptocurrencies. If you want to read the legal document you can download it here but IoC says… Read More

June 6, 2017 @ 4:43 pm By JD Alois  |  

Aztec Exchange, a provider of invoice finance products and services, and Canadian EDI provider EDI Gateway, have formed a partnership to deliver Aztec’s e-invoice payment service PayMe (or payme.cloud) to EDI Gateway’s Canadian supplier and corporate clients. PayMe says it is unique in the early… Read More

June 6, 2017 @ 4:06 pm By JD Alois  |  

DailyPay, a financial solutions platform that provides “instant access to wages,” kind of a cash advance platform, has received the backing of two NFL players. Dontari Poe, a defensive tackle for the Atlanta Falcons and two-time Pro Bowler, and Jalen Mills, a cornerback for the… Read More

June 6, 2017 @ 3:03 pm By JD Alois  |  

Fig Publishing is arguably one of the most creative Reg A+ crowdfunding offers to date. Fig, for those who are not aware of the platform, is a video game publisher that crowdfunds its games. In brief, when games successfully complete campaigns and start selling, the developer,… Read More

June 6, 2017 @ 2:19 pm By JD Alois  |  

FinCompare, a Fintech startup based in Berlin, has raised €2.5 million in seed funding led by SpeedInvest and UNIQA – Austria’s largest insurance group. Several angel investors from the finance sector also participated in the seed round. The financing will be used to boost market penetration, improve… Read More

June 6, 2017 @ 12:00 pm By JD Alois  |  

SeedInvest Announces Live Crowdfunding to take place at eMERGE Americas Several weeks back, Jason Calacanis held his annual LAUNCH Festival in San Francisco. As part of the event, live crowdfunding was added to the program for the first time. In February, SeedInvest had announced it… Read More

June 6, 2017 @ 11:03 am By JD Alois  |  

A new real estate crowdfunding platform has launched in Germany. Grundag GmbH & Co., a wholly-owned subsidiary of CrowdDesk, has launched to provide debt based crowdfunding for German real estate projects. CrowdDesk is a white label crowdfunding platform that powers several well established platforms in Germany…. Read More

June 6, 2017 @ 8:38 am By JD Alois  |  

Seedrs has launched its secondary market for securities in crowdfunded companies. According to Thomas Davies, Seedrs Chief Investment Officer, the market launched with 111 share lots in over 80 different businesses. The market will remain open for seven days and will reconvene the first Tuesday… Read More

June 6, 2017 @ 7:52 am By JD Alois  |  

New platform Wahed is said to be the world’s first automated investment service designed for Shariah-standard, ethical investing, The company reports it has raised $5 million in seed funding from individual and institutional investors including Khalid Al Jassim the Managing Partner of Afkar Holdings and… Read More

June 6, 2017 @ 7:20 am By JD Alois  |  

Last week, KPMG held a press conference in Beijing to announce the selection and ranking of the top 50 Fintech companies in China for 2017. China is the largest Fintech market in the world led by conglomerates like Alibabay (Alipay, Ant Financial etc.), Tencent and… Read More

June 6, 2017 @ 7:00 am By JD Alois  |  

At LendIt USA, it used to be a tradition that former Lending Club CEO delivered the opening keynote address on day one of the event. That all changed after 2016 when Laplanche was forced to resign from the company he founded. After several months in… Read More