Tagged: lending

November 14, 2013 @ 12:40 pm By Charles Luzar  |  

In 1931, artist Haddon Sundblom created magazine ads for Coca‑Cola inspired by Clement Clark Moore’s 1822 poem ‘The night before Christmas’, featuring St Nicholas as a kind, jovial man in a red suit. However, up until then images of Santa Claus had varied throughout different regions and… Read More

November 13, 2013 @ 10:44 am By Charles Luzar  |  

The Kingom Trust Co., NowStreet and Prosper Marketplace are teaming on a webinar scheduled for 1 PM Eastern this afternoon. The focus of the webinar: P2P lending as a method of investing from tax-free retirement accounts. With high volatility and low interest rates driving retail… Read More

November 12, 2013 @ 12:25 pm By Charles Luzar  |  

The act of investing on P2P lending sites like Lending Club is generally a very active form of investing. You generally have to seek out notes that make sense for you, which can be time consuming. In a recent blog post entitled “Why I’m Transferring… Read More

November 11, 2013 @ 11:05 am By Charles Luzar  |  

Lending-based platform Funding Circle recently shared a breakdown of statistics from October. Among revelations in the post: £12.5 million loaned to UK businesses last month alone. Over £3 million was lent to businesses across the UK last week, contributing to a total of £12.5 million… Read More

November 3, 2013 @ 10:49 am By Charles Luzar  |  

British investment fund manager Nicola Horlick is planning to launch a lending-based crowdfunding portal in the UK market. Called Money&Co, the company aims to take on stalwart UK crowdfunding platforms like Crowdcube and Seedrs for a share of the growing crowdfinance market. Yes, Crowdcube and… Read More

October 17, 2013 @ 3:47 pm By Charles Luzar  |  

SoMoLend and the Ohio Division of Securities have been on a crash course since a notice of intent to issue a cease and desist was filed back in August of 2013. The hearing, originally scheduled for this week, has been postponed until January according to… Read More

October 4, 2013 @ 10:46 am By Charles Luzar  |  

The FCA takes responsibility for regulating consumer credit markets starting in April of 2014. This responsibility includes the peer-to-peer lending space. The FCA has announced plans to release guidance on lending-based crowdfunding and regulatory compliance later this month. In a recent release, the FCA detailed… Read More

August 4, 2013 @ 7:00 am By Ludwine Dekker  |  

It could fund your project, boost our companies, create jobs and maybe even save our entire economy: crowdfunding. Advertised as the go-to digital cash machine if the bank doesn’t get you the money you need, crowdfunding is well on its way to become a major… Read More

June 10, 2013 @ 8:34 am By Charles Luzar  |  

Two of the principals from Montello Capital Partners have been working on an online peer-to-peer loan trading platform which is now in a soft-launch phase. The platform, called LendInvest, will allow investors to invest into new loans and will create an online market for completed… Read More

June 2, 2013 @ 11:17 am By The Economist  |  

FINANCE is seldom romantic. But the idea of peer-to-peer lending comes close. This is an industry that brings together individual savers and lenders on online platforms. Those that want to borrow are matched with those that want to lend. Banks and credit-card firms are kept… Read More

May 22, 2013 @ 10:14 pm By Techonomy  |  

When the JOBS Act was signed into law, its knotty crowdfunding provisions quickly became a source of consternation for the SEC. More than one year later, the law continues to languish, as the SEC moves slowly to implement its two most important provisions. One would enable general advertising for… Read More

May 11, 2013 @ 8:59 am By Korstiaan Zandvliet  |  

Crowdfunding is not only a solution for entrepreneurs who are looking for seed capital, but also for investors who want to control their portfolio and get some Return on Investment. With the prospect of equity-crowdfunding in the U.S. and the blooming equity crowdfunding market in… Read More

May 6, 2013 @ 8:23 am By Charles Luzar  |  

Google’s stake in Lending Club could signal future dominance of P2P and P2B lending in the crowdfunding space.

April 26, 2013 @ 9:04 am By Credit.com  |  

You want to start a small business or launch a project, but small business bankers won’t give you the time of day. And there’s no way you can raise the kind of money you need from friends and family. Are you doomed to fail before you even… Read More

April 10, 2013 @ 7:00 am By Charles Luzar  |  

Monday’s conference on crowdfunding fraud and regulation in Washington, DC was an event I had been looking forward to for some time. It didn’t disappoint. Organized by Virginia-based CrowdCheck, the speaking roster of this conference was distinctly and obviously set up to put all sides… Read More

March 15, 2013 @ 9:31 am By Charles Luzar  |  

This week Inc ran a story on Kickstarter’s slowing growth. In it Michael Wolf of NextMarket divulges some data from NextMarket’s recent analysis of Kickstarter campaigns and activity. From the article… “Because Kickstarter and crowdfunding experienced a huge rush of new projects in 2012, there… Read More

March 8, 2013 @ 8:58 am By Charles Luzar  |  

In a post in Tech City News this week, FundTheGap CEO Derek Uittenbroek offers up an excellent explanation of the four types of crowdfunding and how to choose the right one for your raise. He also reminds readers to do their due diligence before launching their… Read More

February 13, 2013 @ 7:03 pm By Geri Stengel  |  

As an entrepreneur, Candace Klein, founder and CEO of SoMoLend, knows the pain of being on the hunt for money when it’s scarce. While things have loosened up a bit since the financial crisis began, financial institutions, such as banks, are still tight-fisted. When an… Read More

January 31, 2013 @ 2:13 pm By Charles Luzar  |  

Earlier this week FINRA invited prospective Crowdfunding portals to voluntarily file an interim funding portal form. The Crowdfund Intermediary Regulatory Advocates (CFIRA) and sister organization the Crowdfunding Professional Association(CfPA) have conducted a thorough review of the FINRA Registration Process Inquiry form for Crowdfunding Portals, and are optimistic about the progress that is being… Read More