November 3, 2016 @ 11:14 pm By JD Alois  |  

The Financial Services Commission (FSC) of Korea has clamped down on peer to peer lending.  According to a report in Korea Joongang Daily, the Commission has enacted harsh rules that limit the amount an investor may commit to peer to peer lender in a given… Read More

November 3, 2016 @ 10:19 pm By JD Alois  |  

Fundnel, a funding ecoystem based in Singpore, has received a provisional Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). Fundnel said this was the first issued by MAS for any private investing platform.  Receipt of the licence allows Fundnel to market… Read More

November 3, 2016 @ 12:35 pm By JD Alois  |  

Victoria Silchenko has been a staunch propopent of the benefits of crowdfunding and alternative finance since day one. The founder of Metropole Capital Group and the Global Alternative Funding Forum, an annual event that brings together many prominent names in the Fintech sector, Silchenko has charted… Read More

November 3, 2016 @ 10:12 am By JD Alois  |  

AdaPia d”Errico, a long-time Patch of Land executive, has departed the real estate crowdfunding platform. In a note to stakeholders, Patch of Land CEO Paul Deitch stated; “It is with mixed emotions that we are announcing the departure of AdaPia d’Errico, Patch of Land’s Chief… Read More

November 3, 2016 @ 8:34 am By JD Alois  |  

The Republic of Lithuania has just announced updated regulations designed to facilitate the growth of investment crowdfunding. Vytautas Šenavičius, a partner at the law firm of TVINS and Chairman of the Board of Lithuanian Crowdfunding and P2P Lending Association, told Crowdfund Insider; “Today the Parliament… Read More

November 3, 2016 @ 8:12 am By JD Alois  |  

Malaysia’s EthisKapital has claimed the world’s first licensed Islamic P2P/Crowdfunding platform. The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects…. Read More

November 3, 2016 @ 7:48 am By JD Alois  |  

FundedByMe Malaysia has been awarded one of six licenses to operate as a “peer to peer” finance platform in Malaysia.  The announcement came during the Securities Commission Malaysia (SC) conference: SCxSC. Berhormat Datuk Johari Abdul Ghani, the Second Finance Minister of Malaysia, made the announcement… Read More

November 2, 2016 @ 5:19 pm By JD Alois  |  

Announces Creation of a Regulatory Sandbox for Fintech Firms. New Fintech License to be Granted to Aspiring Firms. The Swiss Federal Councial has announced its intent to reduce barriers to entry for disruptive financial firms. Joining a growing litany of nations, Switzerland is embracing Fintech… Read More

November 2, 2016 @ 12:31 pm By JD Alois  |  

The Massachusetts Securities Division has proposed new regulations pertaining to securities offered under Tier II of Regulation A+ and Reg CF, both created by the JOBS Act of 2012.   The state agency has also proposed notice filings for Reg CF portals. The proposal is… Read More

November 2, 2016 @ 10:32 am By JD Alois  |  

LoanDepot, founded by Anthony Hsieh less than 7 years ago, has become the 5th largest mortgage lender by volume according to the most recent report by Inside Mortgage Finance.  In 2015, loanDepot was acknowledged as the 7th largest retail mortgage provider. Joining loanDepot in the… Read More

November 2, 2016 @ 9:45 am By JD Alois  |  

The second Reg CF offer has closed on Republic following the first successful funding round by Youngry. RaceYa, a female oriented STEM company, raised over $88,000 from 173 investors. The funding goal was pegged at a $70,000 minimum. RaceYa offered the Republic’s “Crowd Safe” as… Read More

November 2, 2016 @ 9:05 am By JD Alois  |  

Marketplace lending platform Prosper has launched their annual #MyProsperStory contest for individuals who have utilized their platform to regain control of their personal finances. All you have to do is email over a photo with a brief explanation as to how Prosper helped and you… Read More

November 2, 2016 @ 8:10 am By JD Alois  |  

Wefunder, the leader to date in the Reg CF crowdfunding market, has become a Public Benefit Corporation (PBC). A Public Benefit Corporation is a corporate entity that has a legal obligation to benefit society. A PBC still embraces profit and growth but a PBC does… Read More

November 2, 2016 @ 7:14 am By JD Alois  |  

Crowd for Angels has partnered with Paysafe as its payment processing provider. Paysafe’s global payment processing capabilities and regulated acquiring business met Crowd for Angels’ requirements for managing money on the move quickly and securely. This collaboration marks the first payment partnership by Paysafe in the… Read More

November 1, 2016 @ 8:47 pm By JD Alois  |  

A group of prominent Fintech firms met with City Minister, Simon Kirby, to discuss how early success in financial innovation could be maintained.  HM Treasury recognizes that London has garnered global accolades for its robust entrepreneurial environment that has created multiple disruptive Fintech firms. The… Read More

November 1, 2016 @ 8:37 pm By JD Alois  |  

The Ontario Securities Commission (OSC) is joining a growing roster of global securities regulators to acknowledge the shifting environment of finance and the need to better understand Fintech innovation. The OSC is now seeking applications for a Fintech Advisory Commmittee (FAC) that will advise staff… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

November 1, 2016 @ 1:05 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is one of a dozen or so federal agencies that has regulatory oversight on financial institutions. Financial innovation or Fintech is challenging long-held processes and firms and the OCC is attempting to update and adjust to… Read More

November 1, 2016 @ 9:41 am By JD Alois  |  

UK research firm Beauhurst is out with their Q3 report on equity investment  in non-listed UK firms. The authoris state that equity funding rounds continues to fall delivering three consecutive quarters of decline. According to the Deal report, there are three different reasons for the… Read More

November 1, 2016 @ 9:13 am By JD Alois  |  

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More