August 10, 2016 @ 11:14 am By JD Alois  |  

Fundnel alumni Spark Asia has secured a partnership with  JustKapture in India. Fundnel is a southeast Asia investment crowdfunding ecosystem that funds and mentors Asian startups. Spark Asia was the winner of Fundnel’s “Everyday Ideas” competition last year and was subsequently incubated on Fundnel while receiving pre-seed… Read More

August 10, 2016 @ 9:16 am By JD Alois  |  

Bigstone has announced $3 million in equity funding led by CVC Limited and the founders of Lighthouse Venture Partners along with participation from Australian private investors. This is the first funding round for Bigstone an SME lending platform that launched this past June. The peer… Read More

August 9, 2016 @ 10:20 pm By JD Alois  |  

Financial Conduct Authority (FCA) Chief Executive Andrew Bailey gave a Parliament Treasury Committee a crash course on Crowdfunding 101 this past June.  The letter by Bailey was recently posted on the Treasury Committee website, along with a statement from Andrew Tyrie MP, Chairman of the Committee,… Read More

August 9, 2016 @ 8:04 pm By JD Alois  |  

BrewDog, the largest independent craft brewer in Scotland, is going big in its move to set up operations in the US. Not only is BrewDog planning to open up a Columbus, OH-based brewery to distribute its beers across the US, BrewDog is doing an equity… Read More

August 9, 2016 @ 7:02 pm By JD Alois  |  

Companisto is reporting that crowdfunding alumni Foodist has been sold to Ströer providing an exit for early stage investors. Foodist raised capital on Companisto three times in consequitive funding rounds starting in 2013 and then in 2014 & 2015.  In total 2,399 investors or “Companists” as… Read More

August 9, 2016 @ 11:51 am By JD Alois  |  

Lending Club (NYSE:LC) announced earnings yesterday. The Q2 numbers were over-shadowed by the “resignation” of Carrie Dolan, the longtime CFO of Lending Club who joined the company when there were just 40 companies. During the conference call, Lending Club CEO Scott Sanborn stated that Dolan… Read More

August 9, 2016 @ 11:09 am By JD Alois  |  

The Competition & Markets Authority announced sweeping changes to the UK banking industry today. The update to the retail banking sector was driven by an acknowledgement that little competition existed within the retail banking sector and thus consumers were coming up short in regards to… Read More

August 9, 2016 @ 9:50 am By JD Alois  |  

“CMA Sticks to its Guns” The Competition and Markets Authority (CMA) has published its final report on the UK retail banking sector. The government initiative has concluded that highstreet banks do not compete enough for customers’ business. Simultaneously, challenger banks find it difficult to compete… Read More

August 8, 2016 @ 4:36 pm By JD Alois  |  

Lending Club (NYSE:LC) has announced Q2 2106 financial results reporting almost $2 billion in loan originations. Comparing this quarter to the same quarter in 2015, originations increased by 2%.  Meanwhile losses accelerated with a negative $81.4 million being posted and an adjusted EBITDA of $30.1… Read More

August 8, 2016 @ 4:23 pm By JD Alois  |  

There is another shocking change of leadership at Lending Club (NYSE:LC), the largest marketplace lending platform in the US. Longtime CFO Carrie Dolan has resigned her role as Chief Financial Officer in what must be a significant blow to the online lender.  Dolan joined the… Read More

August 8, 2016 @ 4:11 pm By JD Alois  |  

Last month it was reported that Skully, a company launched to create a super cool augmented reality motorcycle helmut, had jettisoned its founders as investors had enough of the lack of progress and mismanagement. Yesterday, TechCrunch reported that Skully is no more. While the very… Read More

August 8, 2016 @ 2:04 pm By JD Alois  |  

LegionM is now the second Reg CF offer to hit $1 million. The offer was scheduled to close later this month but under the securities exemption, issuers may only raise up to $1 million. The first Reg CF offer to ring the million dollar bell… Read More

August 8, 2016 @ 12:13 pm By JD Alois  |  

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

August 8, 2016 @ 11:39 am By JD Alois  |  

BrewDog and their Equity for Punks US campaign has topped $1 million in indications of interest in the first three days of going live on BankRoll. This is according to an email just sent out by the BrewDog team. According to the update; On Thursday… Read More

August 8, 2016 @ 9:51 am By JD Alois  |  

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

August 8, 2016 @ 8:47 am By JD Alois  |  

Title III of the JOBS Act created a new securities exemption that allowed equity crowdfunding for non-accredited investors. This new exemption, also called Reg CF, may be viewed as another step in the capital ladder to complement Title II of the JOBS Act (accredited crowdfunding)… Read More

August 8, 2016 @ 8:12 am By JD Alois  |  

Movem, an online property portal that is described as the AirBnB of rental properties, is raising a minimum of £200,000 on Crowdcube for a 20% equity stake. After a few days of being live on the equity crowdfunding platform, Movem is about half-way to its funding… Read More

August 7, 2016 @ 10:11 pm By JD Alois  |  

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy.  A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank…. Read More

August 7, 2016 @ 9:49 pm By JD Alois  |  

Below is a report that was forwarded to Crowdfund Insider a few weeks back outlining the crowdfunding market in Taiwan.  As we published recently, investment crowdfunding has been slow to take off but rewards based crowdfunding has apparently generated decent traction. If the regulators get… Read More

August 7, 2016 @ 7:14 pm By JD Alois  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the US, is scheduled to announce Q2 earnings tomorrow after the market closes on Monday (August 8). The executive team will be holding a conference call at 5PM ET (2PM PT). The financial performance of… Read More