August 20, 2016 @ 9:28 am By JD Alois  |  

The Federal Trade Commission (FTC) recently announced their next Fintech Forum.  The next event will take place on October 26th at the FTC HQ in Washington, DC. This is a free event and is open to the public.  The first event addressed Marketplace Lending and… Read More

August 19, 2016 @ 2:57 pm By JD Alois  |  

  A few weeks back Crowdfund Insider published an article on the regulatory environment in Canada that labeled new crowdfunding securities exemptions as “Dead in the Water“.  In brief, regulators in multiple provinces have enacted rules that were ostensibly created to foster entrepreneurship and access… Read More

August 19, 2016 @ 2:07 pm By JD Alois  |  

The youngest financial regulatory agency of them all, the Consumer and Financial Protection Bureau (CFPB), has announced its new Advisory Board and Council Members. The CFPB, established under Dodd-Frank, was mandated to create these advisory boards and councils. While the various groups were represented by many… Read More

August 18, 2016 @ 4:57 pm By JD Alois  |  

Marketplace lending platform Prosper filed their 10-Q this past week reporting on platform operations. As one would expect, operations took a dip in Q2 posting a $35.6 million loss for the quarter.  In the same quarter of 2015, Prosper lost $6.2 million. In the three… Read More

August 18, 2016 @ 8:00 am By JD Alois  |  

Under Reg D more than a trillion dollars is raised each year for companies that are not publicly traded. This market is huge – far larger than the annual rate of IPOs. Yet these private placements are only available to “accredited investors”: Individuals who earn… Read More

August 18, 2016 @ 1:55 am By JD Alois  |  

In Mumbai this week there was an annual banking conference where Indian government officials presented or participated. The Hindu interviewed Reserve Bank of India Deputy Governor R Gandhi and he made several interesting statements. According to Gandhi; “Banking is necessary, but banks are not adding…… Read More

August 17, 2016 @ 2:54 pm By JD Alois  |  

KPMG / CB Fintech Pulse report is out on Fintech and according to the authors overall Fintech investment dipped in Q2. While Asia and Europe saw VC-backed Fintech deals remain nearly level, North American deals dipped versus same quarter last year and prior quarter. The… Read More

August 17, 2016 @ 2:15 pm By JD Alois  |  

The China government is very determined to keep their economy chugging along while fostering more innovative and entrepreneurial companies.  If you need any more proof this report in Sina.com is just another indication of what the current administration is willing to do to prime the… Read More

August 17, 2016 @ 12:33 pm By JD Alois  |  

Online lending platform Kabbage has announced several new hires, including a former Goldman Sachs executive.  Kabbage described the appointments “a decisive next step as the company continues to scale its global lending infrastructure.” The new hires include managers with IPO experience and may be precursor… Read More

August 17, 2016 @ 12:04 pm By JD Alois  |  

Wheelys Café has just closed their equity crowdfunding round on FundedByMe having raised over €740,000 from 167 investors. The final tally comes after over-funding by 410%, according to FundedByMe. The previous most “overfunded” offer on FundedByMe was for Berries by Astrid that hit 380% of its… Read More

August 17, 2016 @ 8:55 am By JD Alois  |  

iDisclose is offering a new service and it is free to all. iDisclose has launched a free “SEC scrubber tool” for companies uploading documents to the Securities and Exchange Commission’s EDGAR database. The online tool automates the process for PDFs to conform to an SEC… Read More

August 17, 2016 @ 8:14 am By JD Alois  |  

Orchard has added a unique online lender to its Market Data product. ApplePie Capital, a company that provides access to capital for the franchise industry will now accept institutional investors via the Orchard service. ApplePie is the first online lender solely focused on the franchises…. Read More

August 16, 2016 @ 10:51 pm By JD Alois  |  

United Overseas Bank (UOB) based in Singapore has embraced the Fintech revolution. Instead of fighting the inevitable, UOB has formed a partnership with one of the most prominent investment crowdfunding platforms around. OurCrowd is based in Jerusalem but they operate across the globe. OurCrowd has just… Read More

August 16, 2016 @ 9:53 pm By JD Alois  |  

United Overseas Bank (UOB) is determined not to be just an observer in the Fintech revolution. UOB has recently begun conducting training sessions with over 100 bankers to update and educate them on alternative finance.  UOB wants its management to be well-versed in the most… Read More

August 16, 2016 @ 9:57 am By JD Alois  |  

OurCrowd has changed the date of its annual investor summit.  The young event has evolved into becoming perhaps the biggest investment crowdfunding conference in the world. The annual gathering has jumped forward a month and will now be held on February 15th & 16th in… Read More

August 16, 2016 @ 9:17 am By JD Alois  |  

Reg CF, created under Title III of the JOBS Act, was launched on May 16th of this year as the new securities exemption became available to SMEs seeking investors.  Under Reg CF, issuing companies may sell securities to both accredited and non-accredited investors to raise… Read More

August 16, 2016 @ 9:00 am By JD Alois  |  

RealtyMogul.com has launched their first REIT (real estate investment trust) labeled the MogulReit I.  The new investment vehicle will allow non-accredited investors access to commercial real estate investment opportunities. MogulReit will be using Reg A+ and thus may raise up to $50 million.  RealtyMogul.com described the… Read More

August 15, 2016 @ 9:41 pm By JD Alois  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

August 15, 2016 @ 3:59 pm By JD Alois  |  

CrowdStreet, an online marketplace for real estate investment, says business is booming. According to a report from the company, CrowdStreet is “oversubscribing multi-million dollar raises in less than 30 days.” CrowdStreet matches high net worth individuals with real estate sponsors. One recent offer was described… Read More

August 15, 2016 @ 2:35 pm By JD Alois  |  

In December of 2015 Fundrise, a trailblazer in the real estate crowdfunding sector, made a dramatic strategic shift. The platform decided to leverage Title IV of the JOBS Act, otherwise known as Reg A+, to create a fund of diversified real estate assets they labeled… Read More