Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

Report: Funding Circle Has Topped £2 Billion in Lending

SME lender Funding Circle has reportedly topped £2 billion in lending. The SME marketplace lender is closing in on UK’s largest online lender Zopa that announced in January it had surpassed the £2 billion mark. Of course Funding Circle is an international operation with lending… Read More

Ontario Securities Commission & UK Financial Conduct Authority Sign Cooperation Agreement

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

China: WeiyangX Fintech Review

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

LendIt Announces 2017 PitchIt Finalists

LendIt, the global lending and fintech conference series, announced on Tuesday the eight finalists for its fifth PitchIt @ LendIt competition. According to the event organizers, in partnership with 500 Startups and sponsored by Marqeta, the PitchIt competition fintech startup finalists were reportedly chosen from… Read More

Bitbond Raises $1.2 million to Fuel Global Expansion of SME Lending

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

We Need a Regulatory Framework for Cross-Border Crowdfunding Offerings

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More

RateSetter Borrowers Have Paid Back £1 Billion, Investors Have Earned £63 Million

Online lender RateSetter has said it has now collected £1 billion in capital repayments from borrowers since its first loan back in 2010. Overall, RateSetter has originated approximately £1.75 billion in loans while paying out £63 million in interest.  The average interest rate ranged between… Read More

New Consumer Financial Data Rights Group Submits Comments to CFPB: Advocates for Consumer’s Rights to Financial Data

Consumer Financial Data Rights Group (CFDR), a new organization that was created to defend consumers’ access to their data and fuels innovation in the fintech industry, announced on Tuesday it has submitted a response to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) in regards… Read More

Regtech Firm Qumram Receives CHF 1.5 Million Investment from Mundi Ventures

Mundi Ventures has invested CHF 1.5 million in Qumram, a Fintech firm that focuses on regulatory compliance and risk management.  Qumram said Mundi’s investment finalized their 2016 angel funding to expand services both in the UK and North America. Headquartered in Madrid, Mundi is a… Read More

Brief: BlackRock Enters Joint Venture with German Fintech Platform Youvestor

BlackRock (BLQA) has entered into a joint venture with Germany fintech robo-operator platform Youvestor, according to a press release. BlackRock is primarily aiming the venture to insurance agents, brokers and financial advisors,  distributing its products directly through Youvestor to both end-users and consultants. Mediators will enjoy complete customer and stock protection and obtain a… Read More

Armed with $200M in Lending Capital, Harmoney Launches in Australia

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

SyndicateRoom Report: Millennials Twice as Likely to Embrace Early-Stage Investing

Online investment platform SyndicateRoom announced that millennials are twice as likely to embrace early-stage investing as a means of reaching their financial goals than those aged 51 and up. Over nine in ten (92%) investors aged 18–30 believe a portfolio of diversified early-stage equities would… Read More

Paul Niederer Slams Australian Crowdfunding Legislation in Public Comment

Paul Niederer, former CEO of the Australian Small Scale Offerings Board (ASSOB) – the very first platform established to raise capital online, posted a comment letter in response to the proposed Australian Crowd-Sourced Funding Bill (crowdfunding for the rest of the world). Never one to… Read More

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

Anaxago Opens Up French Real Estate Crowdfunding to Institutional Investors

Anaxago Immobilier, the real estate arm of leading French equity crowdfunding platform announced last Saturday that it has secured € 10 million of funding pledged by a group of French institutional investors, qualified investors, and family offices to finance real estate development projects alongside retail… Read More

OFF3R Index: Strong P2P Lending Growth Continues

OFF3R, an online marketplace for alternative investments, published a report on P2P lending and crowdfunding last week.  OFF3R said that while equity crowdfunding sagged in January – dropping 65% from December – P2P lending remained strong. The Index includes six different equity crowdfunding platforms. OFF3R… Read More

BondMason CEO Stephen Findlay Comments on RBS Move into Online Lending via NatWest

Last week, NatWest – part of the Royal Bank of Scotland (RBS) – announced a new online platform designed to simplify the loan making process for UK SMEs.  Borne out of an ‘Innovation Cell’, working with Fintech firm Ezbob Limited,  “Esme” has been developed in… Read More

Report: Majority of China P2P Lenders Could Fail in 2017

China is the largest market in the world when it comes to peer to peer lending. The Chinese online lending market has also earned a reputation for fraud and a wild-west type environment as many platforms operate with little regulatory oversight. But this is changing… Read More

WorldFirst Global Trade Monitor: SMEs Have Been Negatively Impacted by Brexit Decision

World First, an international Fintech business in the Forex and money transfer space, is out with their Global Trade Barometer report and according to their perspective it’s not all good. World First says that UK SMEs are taking it on the chin as post-Brexit fallout is… Read More

GridShare Targets Renewable Energy Crowdfunding under Reg CF, Plans International Expansion

Gridshare is one of the newest Reg CF crowdfunding platforms to receive regulatory approval. While the number of Reg CF portals is growing, Gridshare is the first and only platform to target the specific vertical of renewable energy and Cleantech. Originally launched as an accredited… Read More