November 8, 2016 @ 7:37 am By JD Alois  |  

Investment crowdfunding platform Crowdcube has called on the industry to create a common set of rules and principles to measure platform performance and the returns generated by crowdfunded companies. The statement comes on the heals of a report by AltFi on the status of companies… Read More

November 7, 2016 @ 9:47 pm By JD Alois  |  

KPMG has published their rankings of the top Fintech firms around the globe. While there is an element of subjectivity to reports like this it is still interesting to see how a global consultancy determines who makes the list and who is on the top…. Read More

November 7, 2016 @ 1:39 pm By JD Alois  |  

SuperCharger Fintech Accelerator 2.0 has kicked off Hong Kong Fintech Week with the announcement of 8 finalists for their program. For a second year in a row, SuperCharger, which aims to help the most promising Fintech start-ups and scale-ups grow in Asia, states it has surpassed… Read More

November 7, 2016 @ 10:05 am By JD Alois  |  

  The Financial Conduct Authority (FCA) has revealed the first group of Fintech firms accepted into their innovative regulatory Sandbox initiative.  The FCA said that 69 Fintech firms applied for the opportunity to participate but 24 firms were deemed acceptable. Most of these companies will… Read More

November 7, 2016 @ 8:26 am By JD Alois  |  

Scott Sanborn, CEO of Lending Club (NYSE:LC) delivered an upbeat report on Q3 results today sharing on the earnings call that progress was moving forward ahead of expectations.  Sanborn said investors invenctives were removed and many institutional investors had returned to the fold. Lending Club… Read More

November 7, 2016 @ 7:53 am By JD Alois  |  

First P2B Online Lending Platform Approved by Regulators in Singapore & Malaysia Funding Societies, a peer-to-business online lender, has received an “in-principle approval” of a Capital Markets Services (CMS) license in Singapore, and has been selected as one of the six registered operators in Malaysia… Read More

November 7, 2016 @ 7:32 am By JD Alois  |  

Lending Club (NYSE:LC),the largest  marketplace lending platform in the US, is out with Q3 results.  Lending Club reported a net loss of $36.5 million for the Q3 of 2016, an improvement vs. the net loss of $81.4 million reported in Q2 of 2016. Meanwhile originations… Read More

November 7, 2016 @ 7:14 am By JD Alois  |  

Lending Club (NYSE:LC) has announced a significant partnership with the National Bank of Canada and its US subsidiary Credigy.  The agreement calls for Credigy, a firm that specializeds in consumer finance investment,  to invest up to $1.3 billion over the next 12 months. Scott Sanborn,… Read More

November 6, 2016 @ 8:23 pm By JD Alois  |  

Med-X – a medical Cannabis startup,  listed a Regulation A+ offer on StartEngine back in December of 2015. The securities offer was promoted as the “first ever” equity crowdfunding campaign for the Marijuana industry. Med-X registered $3.7 million in non-binding investor interest by February but… Read More

November 6, 2016 @ 7:18 pm By JD Alois  |  

Last week, Earnest, an online lender, announced it had crossed a “major milestone”.  The platform shared it had refinanced $1 billion in student loan debt. The company said it had about “a trillion more to go”. The online lender estimates it has saved borrowers about… Read More

November 6, 2016 @ 3:49 pm By JD Alois  |  

New routes to funding – and making them more widely available, are the focus of an international conference to be held at London Southbank University later this month. According to organizers, a book will be published in the new year based on end-to-end data from… Read More

November 6, 2016 @ 2:06 pm By JD Alois  |  

Eureeca has become the first equity crowdfunding platform to be officially licensed by the Dubai Financial Services Authority (DFSA).  Eureeca is a multi-regulated platform, having already received regulatory approval from from the Financial Conduct Authority in the UK and the Securities Commission Malaysia in 2015…. Read More

November 5, 2016 @ 5:39 pm By JD Alois  |  

VestLo is an intrastate crowdfunding platform operating in Illinois. It was set up in 2015 by Howard Orloff and Hector Robles. Anthony Zeoli, a Crowdfund Insider Senior Contributor and Chicago based attorney, has advised the firm on its operation. Zeoli is also the main author… Read More

November 4, 2016 @ 5:43 pm By JD Alois  |  

The Regulation CF market is only a few months old but data on successful crowdfunding campaigns is starting to percolate to the surface.  Reg CF, created by Title III of the JOBS Act, allows small and emerging companies the ability to raise up to $1… Read More

November 4, 2016 @ 3:35 pm By JD Alois  |  

VIA Folio, a technology platform that allows investors to hold alternative assets alongside publicly traded securities, has decidided to support the growing Cannabis industry.  With recent actions by several states that allows for the legal use of Cannabis, VIA Folio has seen increased demand for… Read More

November 4, 2016 @ 2:07 pm By JD Alois  |  

Indie Crowd Funder is a niche crowdfunding platform that is focused on the film and entertainment sector.  Indie Crowd Funder is also one of the first FINRA/SEC approved Reg CF platforms. On October 27th, Indie Crowd Funder announced the launch of a $50 million “Horror… Read More

November 4, 2016 @ 10:57 am By JD Alois  |  

The Securities and Exchange Commission has published the agenda for its first Fintech forum that is scheduled to take place on November 14th at SEC HQ in Wshington, DC.The forum is open to the public and begins at 9AM. The SEC will also be live-streaming… Read More

November 4, 2016 @ 9:57 am By JD Alois  |  

Independent ratings agency 4thWay is out with an interesting report on the peer to peer property lending market in the UK.  This sector of alternative finance has been very popular due to the asset class and the solid returns. Even in light of Brexit turmoil,… Read More

November 4, 2016 @ 8:45 am By JD Alois  |  

StartEngine is continuing its aggressive strategy to incentivize early stage companies to raise capital via their crowdfunding platform. The LA based operation ratcheted up the marketing with announcement back in August qualifed campaigns may receive up to $50,000 for campaign marketing and promotions. Later that… Read More

November 4, 2016 @ 7:58 am By JD Alois  |  

Privately held investment firm Senjo Group has relocated its corporate headquarters to Singapore in recognition of Singapore’s growing influence in the Fintech sector. Representatives said the business-friendly environment and focus on financial innovation was key in their decision to lease the entire 56th floor of… Read More