April 6, 2016 @ 2:09 pm By JD Alois  |  

According to a complaint filed by the SEC, from 2010 to at least December of 2012, defendants Joseph Andrew Paul, John D. Ellis, Jr. James S. Quay and Donald H. Ellison operated a fraudulent scam that fleeced unsuspecting investors of millions.  Ellis and Paul created Paul-Ellis… Read More

April 6, 2016 @ 11:28 am By JD Alois  |  

The UK peer-to-peer (P2P) lending industry has been waiting for this day for quite some time. The Innovative Finance ISA (IF ISA) is now available to savers across the country representing a new investment option promoted as driving superior risk adjusted returns for investors.  With… Read More

April 6, 2016 @ 8:41 am By JD Alois  |  

The UK has already staked a claim in the broader category of Fintech having created the concept of Peer to Peer Lending and fostering the most vibrant equity crowdfunding ecosystem in the world. None of this could have been accomplished without the explicit assistance of… Read More

April 5, 2016 @ 2:57 pm By JD Alois  |  

  Four years ago today the JOBS Act of 2012 was signed into law by President Obama. The event was attended by a bipartisan group of both elected officials and industry advocates as Democrats and Republicans agreed on the noble legislative mission.  The much-heralded law… Read More

April 5, 2016 @ 2:11 pm By JD Alois  |  

  A Chinese delegation from Guiyang, the capital of Guizhou Province in China described as the “capital of crowdfunding” in the country, is visiting the City of Liverpool to explore potential areas of collaboration such as tourism, big data and crowdfunding.  The 24 delegates from… Read More

April 5, 2016 @ 10:13 am By JD Alois  |  

The Financial Conduct Authority (FCA), UK’s securities regulator, has published its business plan for the coming year. The FCA is in a period of transition as interim CEO Tracey McDermott, will be transitioning out as her replacement Andrew Bailey takes the helm of the agency… Read More

April 5, 2016 @ 8:56 am By JD Alois  |  

Alternative finance provider Neyber has hired Heidi Allan to lead “insights and engagements” at the direct lending firm. Allan was previously vice president, proposition manager at Barclays where she participated in the delivery of thought leadership pieces including ‘Talking About My Generation’ and ‘Financial Well-being: The… Read More

April 5, 2016 @ 8:34 am By JD Alois  |  

Any predictions of Fintech’s demise aside, according to a report by Finovate,  the first quarter of 2016 ended on a high note as $458 million in funding went to innovative financial firms.  Their number places the Q1 tally at $6.8 billion more than double the… Read More

April 5, 2016 @ 8:19 am By JD Alois  |  

Pocket App, a company that creates custom mobile apps, has quickly topped its £750,000 equity crowdfunding objective on Seedrs having garnered the backing of 321 investors with an average investment amount of about £2300.  Pre-money valuation was placed at £3.6 million. The investment offer is… Read More

April 5, 2016 @ 7:53 am By JD Alois  |  

While some of the larger peer to peer lending platforms have not yet announced FCA regulatory approval to offer an Innovative Finance ISA (IF ISA), Crowd2Fund is ready to go for tomorrow’s (April 6) launch of the updated savings vehicle. Crowd2Fund also announced the creation… Read More

April 4, 2016 @ 6:33 pm By JD Alois  |  

In a bipartisan push that matches the Governor’s commitment to boost access to capital for smaller firms, Delaware will file legislation next week that will allow state residents the ability to invest in SMEs via online crowdfunding platforms. The bill is sponsored by Representative Bryon… Read More

April 4, 2016 @ 2:15 pm By JD Alois  |  

Orchard Platform connects most of the established marketplace lending platforms to institutional investors via their virtual data pipes.  The company is at the epicenter of the online lending industry and recently held a gathering of many well-known lenders this past March. During their inaugural partner… Read More

April 4, 2016 @ 12:27 pm By JD Alois  |  

Squirrel Group, an alternative finance platform consisting of Squirrel Money, Squirrel Mortgages, Squirrel Money Services and TenanSee is now open to the general public on Snowball Effect.  As Crowdfund Insider reported previously, Squirrel Group is seeking a sizeable equity crowdfunding round of $4.97 million. Last… Read More

April 4, 2016 @ 9:05 am By JD Alois  |  

Chapel Down has posted an update on their equity crowdfunding campaign that raised £1.7 million on Seedrs. The offer has raised £1.16 through equity crowdfunding and £550,000 via share placing, according to the company. The campaign remains open until April 29th for larger investments (£25,000… Read More

April 3, 2016 @ 9:35 pm By JD Alois  |  

As we reported late last month, the Australian government has published a document on Fintech outlining the intent of the Turnbull administration to aid financial innovation.   The policy paper was presented by Aussie Treasury Scott Morrisson as a solid sign of the changing forces… Read More

April 3, 2016 @ 11:42 am By JD Alois  |  

The CrowdfundingHub, based in the Netherlands, has published a report on the state of the crowdfunding industry in 27 different European countries. The organization worked with 30 different individuals across Europe to produce the report. The release, coordinated with an event that took place last… Read More

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

Below is a video of a panel that took place this past March at a crowdfunding event put together by Crowdfund Beat Media that brought together several prominent names in the internet finance space. Sam Guzik, a Crowdfund Insider Senior Contributor, Doug Ellenoff, DJ Paul,… Read More

April 2, 2016 @ 10:38 am By JD Alois  |  

Since originating its first loan in 2015, Lendix has grown quickly to become a dominant player in the online lending sector in France.  At the beginning of the year, Lendix had raised €11 million in loans to finance 57 SME projects. As of last week,… Read More

April 1, 2016 @ 6:12 pm By JD Alois  |  

As Albert Einstein so eloquently commented on the human ability of being duped; “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.” Yes, most of us have fallen prey to good intentions gone bad at one point… Read More

April 1, 2016 @ 2:38 pm By JD Alois  |  

The US Department of Treasury, via the Financial Crimes Enforcement Network (FinCEN), has published a proposed rule change that impacts the definition of a funding portal under Title III of the JOBS Act. This new rule-making would amend some definitions to include funding portals. Specifically,… Read More