February 8, 2017 @ 11:23 pm By JD Alois  |  

Real estate investment platform Fundrise has shared an update on their initial public offer (IPO) using Regulation A+, an offer we first uncovered in January. As we reported last week, Fundrise filed an amended Form 1-A with the Securities and Exchange Commission under the name of… Read More

February 8, 2017 @ 2:57 pm By JD Alois  |  

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) is scheduled to meet in Washington, DC next week at SEC HQ.  On the Committee’s agenda are two important issues: Secondary market liquidity for Regulation A Tier 2 and non-exchange listed companies and why companies are… Read More

February 8, 2017 @ 1:17 pm By JD Alois  |  

FundPaaS, Inc. is the most recent crowdfunding portal to receive regulatory approval.  Operating under the name of CustVestor, the company is now approved to list debt and equity securities under Reg CF – one of 22 portals that are authorized to the new exemption created… Read More

February 8, 2017 @ 10:30 am By JD Alois  |  

Lending Works has launched its Innovative Finance ISA (IFISA). The peer to peer lender says it is the “first: major UK platform to offer the IFISA. The IFISA is a new category of ISA set up exclusively for peer to peer lending investment. The IFISA… Read More

February 8, 2017 @ 10:20 am By JD Alois  |  

Ahead of a forthcoming Beauhurst report, investment crowdfunding platform Crowdcube says it has seen a strong upswing in investment through the platform since the Brexit decision last June. Crowdcube reports it finished 2016 on a high note with its best ever quarter since platform launch… Read More

February 8, 2017 @ 8:50 am By JD Alois  |  

iConsumer is eBates meets Wall Street: “Ownership is the Ultimate Loyalty Program” iConsumer has announced its first successful closing of its mini-IPO offering launched in December 2016. iConsumer says that it has issued preferred stock to 1,650 customers and that 10,000 additional customers are in the… Read More

February 8, 2017 @ 7:50 am By JD Alois  |  

Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. BondMason has published its Market Report 2017 reviewing the trends in the UK peer to peer lending market.  BondMason is a platform that provides investors a… Read More

February 8, 2017 @ 1:48 am By JD Alois  |  

GLS Bank has launched an equity crowdfunding platform in collaboration with CrowdDesk claiming the title of the first German bank to enable sustainable projects to be financed by the crowd. According to the GLS Crowd website the two partners will each focus on what they… Read More

February 8, 2017 @ 12:15 am By JD Alois  |  

Real estate crowdfunding platform Patch of Land has announced several management changes with two executives. Min Lee will be joining the real estate marketplace as the Chief Financial Officer and Robert Greenberg has been appointed as its Chief Marketing Officer.  Patch of Land said the… Read More

February 7, 2017 @ 3:30 pm By JD Alois  |  

AngelList co-founder and CEO Naval Ravikant was recognized as the Angel Investor of the year at the Crunchies last night. During the 10th Annual Crunchies Awards, Techcrunch called out Ravikant’s 88 personal investors he has made in the past decade.  Ravikant topped Carine Megescas at… Read More

February 7, 2017 @ 2:18 pm By JD Alois  |  

Fundanna is the first investment crowdfunding portal targeting the Cannabis industry to be approved by FINRA and the SEC to issue securities under Reg CF. Fundanna is the newest brand from Chicago-based truCrowd. Fundanna is looking to leverage the emerging retail Cannabis market that is expected… Read More

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

Citizens Commercial Banking is now partnering with Opportunity Network to help their clients gain access to the innovative business-to-business networking platform. Opportunity Network is a community of 13,500 CEOs and approximately $35 billion of deal flow. It is a business matchmaking platform where members can find… Read More

February 7, 2017 @ 8:44 am By JD Alois  |  

“Platform as a Service” company Katipult, is reporting a “substantial capital investment in a round of funding” to help fuel global growth. A standout in the Canadian Fintech scene, Katipult is a white label software platform that powers investment marketplaces for crowdfunding or online lending… Read More

February 7, 2017 @ 8:26 am By JD Alois  |  

Innovate Finance is out with a report on global Fintech investment. According to their numbers, global venture capital into Fintech jumped by 10.9% to $17.4 billion in 2016 with 1,436 deals. Meanwhile, VC Fintech investment dropped by 33.7% in the  UK.  Global Fintech investment surpassed… Read More

February 6, 2017 @ 11:02 pm By JD Alois  |  

A report in China News says there was a “surge in problematic peer to peer online lending” during 2015 and 2016. Referencing financial news portal Finance.ifeng.com, the report said there were 478,000 cases at the end of January of individual investors filing complaints against problematic… Read More

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

Patrick T. Harker, President of the Federal Reserve Bank of Philadelphia, delivered a speech today on Fintech innovation and the importance of regulation. Harker stated that regulation is not only about protecting consumers but it is important to protect innovators as well; “It’s in their… Read More

February 6, 2017 @ 10:11 pm By JD Alois  |  

Klarna, one of Europe’s leading payment providers, has acquired Berlin-based BillPay thus expanding its reach in Europe. BillPay operates in Germany, Austria, and Switzerland. Klarna works with 65,000 merchants to offer payment solutions to more than 45 million users in Europe and North America. BillPay was… Read More

February 6, 2017 @ 3:17 pm By JD Alois  |  

Crowdfund Insider received a tip this past week that real estate crowdfunding platform AssetAvenue has stopped originating loans. Emails to the company have not been returned, and repeated attempts to contact AssetAvenue by phone have not been successful. Portions of the AssetAvenue site now generate… Read More

February 6, 2017 @ 11:47 am By JD Alois  |  

4finance Group, a lender that claims the title of Europe’s largest online and mobile consumer lending company, has surpassed €4 billion in loans since its f0unding in 2008. 4Finance says the milestone was passed in January following a year of solid growth.  During 2016, 4Finance issued… Read More

February 6, 2017 @ 10:53 am By JD Alois  |  

Last December, the Office of the Comptroller of the Currency (OCC) – part of the Department of Treasury-  proposed a “National Bank Charter for Fintech Companies”. The exploration stirred up a hornet’s nest of public officials that were not too pleased the OCC would think… Read More