Search Results for: crowdfunding platforms

October 2, 2022 @ 5:33 pm By JD Alois  |  

In November of 2021, the European Union adopted new rules that allow securities crowdfunding platforms to raise capital across all member states. The move has been welcomed by the industry as it will remove national barriers enabling firms to raise up to €5 million across… Read More

July 15, 2022 @ 9:14 am By JD Alois  |  

Earlier this year, FINTRAC announced that crowdfunding platforms, as well as certain payment providers, must now register with FINTRAC. FINTRAC is the Financial Transactions Reports Analysis Centre of Canada. It is the agency that seeks to detect, prevent, and deter nefarious activity such as money… Read More

May 20, 2022 @ 2:07 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

March 28, 2022 @ 9:41 am By JD Alois  |  

Estonia-based Fintech Income has closed on a securities crowdfunding round raising €1.3 Million from investors on Seedrs and Seedblink, according to a note from the company. Income is a platform that offers secured investments in loans at getincome.com. The company reports that it has partnered… Read More

March 6, 2022 @ 6:32 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in the Philippines has reportedly granted crowdfunding permits to SeedIn Technology and Eastern Securities Development Corporation. The licenses should allow the business entities to serve as crowdfunding intermediaries and provide crowdfunding portals, offering the Southeast Asian country’s SMEs with… Read More

August 18, 2021 @ 4:16 pm By JD Alois  |  

The UK Financial Conduct Authority has sent a “Dear CEO” letter to the management of the UK investment crowdfunding platforms. Signed by Debbie Gupta, Director of Consumer Investments Supervision, the missive cautions platforms on ensuring that investors fully understand the nature of the risk affiliated… Read More

July 26, 2021 @ 12:28 pm By JD Alois  |  

Recently, a report was published regarding the European Commission distributing European (ESIF) funds through European crowdfunding platforms. Obviously, if this occurs it will be a boon for both platforms and issuers. The report was written by Karsten Wenzlaff, Ana Odorovic and Ronald Kleverlaan, along with consulting… Read More

July 16, 2021 @ 3:22 pm By JD Alois  |  

Recently, the European Commission distributed a proposal pertaining to the harmonization of consumer credit. The proposal is being reviewed in light of the advent of the digitization of consumer credit. To quote the factsheet distributed by the Commission: “Consumer credit helps consumers finance all sorts… Read More

February 20, 2021 @ 12:15 pm By Omar Faridi  |  

Zoe Adamovicz, CEO and Co-founder of Neufund, recently explained how a blockchain or distributed ledger tech (DLT)-powered fundraising platform actually works. Neufnd was established in 2016 and its main value proposition involves democratizing access to funding for  entrepreneurs and also to make it more convenient… Read More

January 10, 2021 @ 7:00 pm By Jayanta Roy  |  

Peer-to-peer (P2P) lending has come a long way since its early days as a casual crowdfunding platform. Today, individual borrowers and small and medium-sized enterprises (SMEs) can access loans without the hassle of going through banks and lengthy financial assessments. Still, P2P lending is a… Read More

April 24, 2020 @ 5:21 pm By JD Alois  |  

Earlier this week, HM Treasury announced updated relief programs designed to help early-stage firms that may not have been eligible for previously announced COVID-19 economic support programs. At the time of the announcement, Chancellor of the Exchequer Rishi Sunak said the additions would help power… Read More

March 31, 2020 @ 11:46 am By Karsten Wenzlaff and Ronald Kleverlaan  |  

The Crowdfunding industry is well aware of what economists call externalities – the fact that behavior of some people has an unintended impact on other people. Positive externalities can be observed on the Crowdfunding platforms every day due to the willingness of people to join… Read More

February 21, 2020 @ 11:10 pm By Samantha Hurst  |  

CapTable, a crowdfunding platform registered with the Brazilian Securities and Exchange Commission (CVM), recently reported that equity crowdfunding in Brazil has jumped from BRL 8.4 million in contributions in 2016 to BRL 79 million ($18.6 million) in 2019. According to Latin America Business Stories (LABS),… Read More

January 23, 2020 @ 9:11 am By JD Alois  |  

The European Crowdfunding Network (ECN) has reported two Estonian debt-based crowdfunding platforms to the relevant regulatory authorities in light of numerous complaints received by platform users. According to ECN,  Kuetzal and Envestio, both lending platforms, may be in trouble: “ECN has received a large number… Read More

November 1, 2019 @ 3:24 pm By JD Alois  |  

Goji has launched an asset custody service to support the growth of crowdfunding platforms, according to a company release. Goji states that FCA’s regulatory obligations to safeguard client assets can either be operated internally on the platform or rely on a third-party custodian. Goji currently… Read More

July 5, 2019 @ 6:49 am By JD Alois  |  

Ethis Dubai, part of the Ethis Group of crowdfunding platforms headquartered in Singapore, has announced its participation in the Dubai “Real Estate Investment Opportunities” (REIOs) launched by Dubai Land Development. Ethis said the initiatives came at a time when the Dubai property market is at… Read More

September 5, 2018 @ 6:04 pm By JD Alois  |  

A recent draft of legislation by the European Parliament pertaining to European Crowdfunding Service Providers (ECSP) indicates an interest in rolling in initial coin offerings (ICOs) along with more traditional securities. While still just a draft, the document shows a clear interest in empowering online… Read More

April 26, 2018 @ 7:45 am By JD Alois  |  

Revolut revealed its most recent funding round today as it raised $250 million at a valuation of $1.7 billion. In many ways, the success of Revolut is emblematic of the power and potential of investment crowdfunding. Until today’s Series C round, each successive funding round… Read More

March 11, 2018 @ 2:33 pm By JD Alois  |  

Any US based cryptocurrency exchange is going to be compelled to become an Alternative Trading System (ATS), a regulated trading platform but not a full blown exchange. They have to do it or else. The Securities and Exchange Commission has been increasing the volume of… Read More

December 28, 2017 @ 12:00 pm By JD Alois  |  

Darren Marble is CEO and founder of CrowdfundX – a firm that provides a modern spin on financial marketing for the new world of Fintech and online capital formation. Early on, Marble recognized the potential of Reg A+ crowdfunding in the US, as created by Title… Read More