June 2, 2016 @ 8:12 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has proposed rules targeting the Payday lending industry requiring lenders to assure consumers have the ability to repay the loans.  The CFPB described the proposal as “ending payday debt traps.”  The rules would impact not just Payday lenders but… Read More

June 2, 2016 @ 7:54 am By JD Alois  |  

RateSetter is reporting it has surpassed £250 million in lending to UK businesses.  The benchmark event comes after a series of recent business developments for the marketplace lender. According to RateSetter, participation by the British Business Bank, updated lending limits and a growing executive bench… Read More

June 1, 2016 @ 6:47 pm By JD Alois  |  

Two weeks following the launch of Title III of the JOBS Act, also called Reg CF, NextGen Crowdfunding states that investor commitments have surpassed $1 million for the 30 or so companies issuing securities under the rule.  The numbers were tallied from the handful of… Read More

June 1, 2016 @ 2:23 pm By JD Alois  |  

Texas is one of the 30 states that pushed forward with an intrastate crowdfunding exemption while the federal exemption of Title III of the JOBS Act remained in the doldrums. Since Title III or “Reg CF” have kicked off in mid-May, there has been some… Read More

June 1, 2016 @ 10:04 am By JD Alois  |  

Last week the largest bank in the Eurozone by market capitalization, Santander, announced it had launched a new app to facilitate live international payments. While payments may not be super exciting (it is a big business though) the method as to how Santander is facilitating… Read More

June 1, 2016 @ 7:46 am By JD Alois  |  

A new vision of British sports cars has been launched and the founders are using crowdfunding to help finance their dream car. Launched in 2012, Zenos Cars is a high-performance sports car in the same tradition of many great British marquee’s all at an affordable price…. Read More

May 31, 2016 @ 6:30 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled its next meeting of the Investor Advisory Committee (IAC) for June 7th commencing at 11AM ET ending at 1230PM.  The committee will convene via a telephonic discussion. The public may dial in at: 1-888-240-3210, participant code 7250901. According… Read More

May 31, 2016 @ 4:04 pm By JD Alois  |  

  Prodigy Network is one of the largest entrants in the real estate crowdfunding sector within the US.  To date, Prodigy has raised approximately $160 million for its portfolio of property located in New York City.  What is unique about Prodigy is the fact it… Read More

May 31, 2016 @ 11:22 am By JD Alois  |  

FundedByMe has topped its minimum funding goal, according to co-founder and CEO Daniel Daboczy.  In an email, Daboczy stated their crowdfunding for equity hit 102% in 2 weeks. 231 investors will join this round. “We have decided to allow for overfunding and let the round run its… Read More

May 31, 2016 @ 10:33 am By JD Alois  |  

It was reported earlier this month that billionaire Tianqiao Chen, founder of Shanda Interactive Entertainment, had taken a significant stake in Lending Club (NYSE:LC).  Shares of Lending Club have cratered since the resignation of former CEO Renaud Laplanche. The move by Chen appeared to be an… Read More

May 31, 2016 @ 9:55 am By JD Alois  |  

Expectations were high earlier this year as Australia appeared poised to enact legislation to improve the environment for investment crowdfunding to occur in a more liberalized environment. Yet the proposal by policy makers had come under pointed criticism.  Eventually the bill “lapsed at dissolution” in… Read More

May 31, 2016 @ 8:24 am By JD Alois  |  

Garage Beer, a Barcelona based craft brewery, has closed their equity crowdfunding round on Crowdcube Spain having raised €500,000 with the support to 228 investors. According to information provided by Crowdcube, 90% of the investments were under €1,000 with many being current Brewer Garage customers.  Investors were… Read More

May 31, 2016 @ 8:01 am By JD Alois  |  

SyndicateRoom has published results of a survey on the potential impact of a Brexit and their numbers indicate £2 trillion of assets will be at risk if the UK decides to leave the EU. SyndicateRoompolled more than 3000 individuals who have invested in private companies… Read More

May 30, 2016 @ 12:18 pm By JD Alois  |  

Flow Hive, the most successful campaign ever on Indiegogo, has received the coveted Good Design Award for 2016. Quite an accomplishment for a project that hoped to raise just $70,000. Flow Hive closed on Indiegogo having raised $12,489,141 on April 20, 2015.  Backers number over 37,000 and is… Read More

May 30, 2016 @ 9:02 am By JD Alois  |  

Speaking at a financial forum this past weekend, Chen Yulu, Deputy Governor of the People’s Bank of China, warned of higher risk with financial institutions as internet finance, including peer to peer lending, become more intertwined. According to a report in ChinaNews, the situation has… Read More

May 29, 2016 @ 7:44 pm By JD Alois  |  

Shares in Lending Club (NYSE:LC) jumped last week as chatter popped up in a report in WSJ.com that Citigroup may be purchasing, or perhaps providing financing, for their loans.  This is the second round of positive news as it was recently revealed that Chinese billionaire Tianqiao… Read More

May 29, 2016 @ 11:59 am By JD Alois  |  

The peer to peer lending industry in India has been slow to evolve in contrast to many other nations. Yet India is the second most populous country with more than 1.2 billion people and is the most populous democracy in the world. The opportunity for… Read More

May 28, 2016 @ 12:56 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has published a comment letter expressing their opinion on the definition of an Accredited Investor. As mandated by Dodd-Frank, the Securities and Exchange Commission (SEC) must review the current definition on a periodic basis. As it stands today,… Read More

May 27, 2016 @ 5:21 pm By JD Alois  |  

FinPlus, backed by Fugel Holdings, launched today claiming to be China’s first angel fund and accelerator focusing specifically on Fintech. In a release, Fugel Holdings stated they believe now is the right time to develop Fintech in China. In many ways China is the largest… Read More

May 27, 2016 @ 8:59 am By JD Alois  |  

The Federal Trade Commission (FTC) is launching a series of forums to discuss the evolving Fintech sector, pretty much everything to do with finance moving online. The first in the series will begin next month, on June 9th, at the FTC’s Constitution Center in Washington,… Read More