June 10, 2016 @ 11:33 am By JD Alois  |  

There is never a dull moment at our nation’s top securities regulator. Much of their budget and time goes towards enforcement of the many different securities rules.  From the Bernie Madoff’s of the world to small-scale fraud, the SEC is constantly on the alert for… Read More

June 10, 2016 @ 9:51 am By JD Alois  |  

Lord Adair Turner, former FSA Chair and pointed critic of the UK peer to peer lending industry is scheduled to speak at Lendit Europe in London this fall.  Turner, speaking with the BBC earlier this year, made the statement; “The losses which will emerge from… Read More

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

The Office of the Comptroller of the Currency (OCC) published a report earlier this spring entitled, “Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective.” While the name may a bit convoluted the report is basically about Fintech and the financial system as… Read More

June 10, 2016 @ 8:25 am By JD Alois  |  

Short term property lender LendInvest, has launched a new website designed to appeal to mortgage intermediaries. LendInvest states that further online tools will be added to the intermediary site in the coming months.  For now the Intermediaries site provides detailed information on loans as well… Read More

June 10, 2016 @ 7:38 am By JD Alois  |  

This week the Monetary Authority of Singapore (MAS) revealed their approach to “securities crowdfunding” announcing that platforms may raise up to S$5 million (USD $3.7million) from both sophisticated and retail investors.  The approach is more in line with the UK than the US providing a… Read More

June 9, 2016 @ 4:13 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has extended its deadline for respondents regarding the 2016 European survey.  In a discussion with Crowdfund Insider, CCAF explained they are well over the number of participating platforms from their previous European survey but they wanted to allow… Read More

June 9, 2016 @ 11:56 am By JD Alois  |  

ESF Capital has signed a deal to provide £4.6 million to Satago, an online lender that provides cash-flow/receivable financing to UK SMEs.  ESF Capital is the same entity that acquired peer to peer lender ThinCats while providing a significant capital injection. Satago is also interesting… Read More

June 9, 2016 @ 11:26 am By JD Alois  |  

OTC Markets (OTCQX: OTCM) has filed a petition with the Securities and Exchange Commission requesting the SEC to extend amendments under Reg A+ to a far wider range of SEC reporting companies. R. Cromwell Coulson, CEO of OTC Markets, explained that Reg A+ securities offerings… Read More

June 9, 2016 @ 7:48 am By JD Alois  |  

In February of 2015, the Monetary Authority of Singapore (MAS) published a consultation paper on facilitating investment crowdfunding.  Yesterday MAS published a “Response to Feedback Received” sharing their perspective on easing restrictions to raise capital online. MAS also publish a brief FAQ regarding proposals for… Read More

June 8, 2016 @ 3:30 pm By JD Alois  |  

In a posting on the White House blog, Doug Rand and Thomas Kalil, two officials from the Executive Offices, have touted the benefits and potential of Reg CF crowdfunding as enacted under Title III of the JOBS Act of 2012. Rand is the Assistant Director… Read More

June 8, 2016 @ 12:00 pm By JD Alois  |  

SoFi COO Joanne Bradford visited with CNBC yesterday to talk about their Fintech platform and their customers as part of the Disruptor 50 series. SoFi targets HENRY’s or High Earners Not Rich Yet customers with their growing portfolio of lending and financial services. In the… Read More

June 8, 2016 @ 10:41 am By JD Alois  |  

Real estate crowdfunding platform Patch of Land has added institutional investors to its marketplace. According to information provided by the company, Prime Meridian Capital Management and AlphaFlow have committed to investing in the offers on an ongoing basis.  The agreement should help shore up any… Read More

June 8, 2016 @ 8:06 am By JD Alois  |  

Reuters is reporting that former Lending Club CEO Renaud Laplanche is seeking financial backing to purchase Lending Club (NYSE: LC) and take it private. According to the report, Laplanche has been in discussions with various banks and private equity groups about financing a bid for the… Read More

June 8, 2016 @ 7:40 am By JD Alois  |  

SyndicateRoom has announced the launch of Fund Twenty8, a new investment fund designed to make investing in early stage companies easy and efficient. As we all know, portfolio diversification is key to capturing better returns. The company said the fund was available beginning today for… Read More

June 7, 2016 @ 8:41 pm By JD Alois  |  

Lendit is expanding its portfolio of activities this year by launching Lang Di Fintech, their inaugural Chinese conference.  Lang Di means “enlighten” or “inspiration” thus representing the future of finance in the largest Fintech market in the world. Lang Di Fintech will take place in… Read More

June 7, 2016 @ 6:17 pm By JD Alois  |  

At a speech delivered at the Economic Club of New York’s meeting in Manhattan this morning, the Chairman of the House Financial Services Committee, Congressman Jeb Hensarling, presented a plan to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd-Frank, as it is… Read More

June 7, 2016 @ 3:00 pm By JD Alois  |  

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

June 7, 2016 @ 1:59 pm By JD Alois  |  

Lending Club (NYSE:LC) has filed an 8K with the Securities and Exchange Commission (SEC) indicating it has raised interest rates once again in response to the evolving marketplace.  According to Lending Club, “Effective June 7, 2016, Lending Club’s platform interest rates are increasing to boost… Read More

June 7, 2016 @ 11:00 am By JD Alois  |  

LendingRobot is “doubling down” on Lending Club. As the largest marketplace lending platform in the US fights back to regain its sea-legs, Lending Robot, a provider of analytical tools for retail investors in marketplace lending assets is launching a new feature to improve investor returns. Despite… Read More

June 7, 2016 @ 9:11 am By JD Alois  |  

Crowdcube is Leading the Charge on Raising the €5 Million Cap as More Established Companies Pursue Crowdfunding for Growth Capital Crowdcube is the largest UK investment crowdfunding platform having raised over £168 million in 412 funding rounds. Active investors now number more than 286,000 individuals with… Read More