Tagged: uk

January 29, 2016 @ 9:11 am By JD Alois  |  

VPC Specialty Lending Investments (LSE tickers: VSL and VSLC) has declared an “interim” dividend of 2.0 pence per ordinary share for the quarter ending December 21, 2015.  VPC also declared a 1.07 pence per share dividend for C shares for the period from October 2nd to… Read More

January 28, 2016 @ 8:28 am By JD Alois  |  

Rob Murray Brown, a steady critic of the equity crowdfunding industry particularly in the UK, has launched a service to support SMEs seeking to leverage the new form of finance. The new service has been labeled ECf Solutions. Brown has operated the web site “Fantasy Equity… Read More

January 28, 2016 @ 5:09 am By Erin Hobey  |  

Award winning UK startup Wriggle seeks to fill empty seats for the dine out sector, by offering local food and drink venues access to its discounting tool. The platform’s functionality is simple – local businesses reactively reduce the price of their products to reach Wriggle customers who, in a couple of… Read More

January 27, 2016 @ 1:21 pm By Samantha Hurst  |  

Earlier this month, AutoTrip took to Crowdcube for the second time with a mission to raise an additional £350,000. AutoTrip, which is led by E-Car Club founder Andrew Wordsworth, captured £146,030 during its last Crowdcube round and is known to create a connected device which automates the recording… Read More

January 27, 2016 @ 9:54 am By JD Alois  |  

The Payment Systems Regulator has hired Paul Smith as its new Head of Policy. Smith was previously at the Australian Energy Market Commission (AEMC) where he was the Chief Executive Officer.  He will assume his responsibilities on February 1st. Smith resigned from the AEMC in… Read More

January 26, 2016 @ 12:42 pm By JD Alois  |  

Gust, a well-known startup funding ecosystem and SyndicateRoom, one of the leading equity crowdfunding platforms in the UK, have formed a partnership that will allow UK companies reach a far-wider audience of global angel investors. The collaboration is described as a new service to accelerate early stage… Read More

January 26, 2016 @ 12:01 pm By JD Alois  |  

Data provided by TheCrowdfundingCentre asserts that crowdfunding is the vehicle driving an “unprecedented” global wave of innovation.  In a report entitled, “2016: State of the Crowdfunding Nation”, the authors state that rewards based crowdfunding is providing much needed seed funding for smaller firms thus generating… Read More

January 26, 2016 @ 8:51 am By JD Alois  |  

Following a €600,000 investment, Investly has launched a peer to peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. SpeedInvest, a venture capital group that has been active in the Fintech space, provided the financing to enable… Read More

January 26, 2016 @ 8:49 am By Samantha Hurst  |  

Earlier this month, London’s online luxury marketplace, Luxtripper, took to equity crowdfunding platform Crowdcube to raise £400,000 so that it can complete its quote building/booking and hire additional personnel. Luxtripper, which secured £152,000 on Crowdcube last year, reportedly uses propriety tech to present travellers with their… Read More

January 25, 2016 @ 5:18 pm By Samantha Hurst  |  

With nearly a month until its equity crowdfunding campaign on Seedrs comes to an end, Chapel Down’s (EPIC: CDGP) Curious Brew has successfully capture over £1.4 million. As previously reported,  Chapel Down hit Seedrs last fall to support the expansion of the company’s “fast growing beer and cider… Read More

January 25, 2016 @ 2:08 pm By Samantha Hurst  |  

Last week, UK-based Red Squirrel Brewing Co. launched an equity crowdfunding campaign on Crowdcube with a mission to raise £500,000. RedSqurriel, which was founded in 2010 by Greg Blesson and Jason Duncan-Anderson, is “comprised” of a modern brewery in the Hertfordshire countryside, a chain of 3 craft… Read More

January 25, 2016 @ 11:48 am By JD Alois  |  

While the emerging sharing economy clearly produces economic benefits driven by intrinsic efficiencies the sector is confounding the UK government a bit – as they are struggling to quantify the overall benefit to society. This was discussed, to a degree, in a recent report published… Read More

January 25, 2016 @ 8:44 am By JD Alois  |  

Peer to peer lender Folk2Folk has announced the creation of a “Legal Panel” to support its national roll-out strategy.  This new entity is said to form a national network of law firms to support the company’s local secured lending model as a central part of… Read More

January 24, 2016 @ 10:57 pm By JD Alois  |  

Keith Higgins, Director the Division of Corporate Finance of the SEC, travelled to the UK last week to keynote a speech at the Fifteenth Annual Institute of Securities Regulation in Europe.  The speech, entitled; “International Developments -Past, Present & Future, launched into the premise of… Read More

January 23, 2016 @ 11:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a consultation paper to address the rules regarding client money requirements for “loan based crowdfunding platforms” including peer-to-peer & marketplace lending. According to the FCA, presently an investors money held in relation to peer to peer loans must… Read More

January 22, 2016 @ 3:12 pm By JD Alois  |  

RateSetter, a UK-based marketplace lending platform, has surpassed £1 billion in loans and is staking a claim in setting a record. According to the company, RateSetter accomplished this milestone in 1,933 days. “The company believes it is now the largest online retail money market in… Read More

January 22, 2016 @ 10:59 am By Samantha Hurst  |  

This week, equity crowdfunding platform, Crowdcube, sat down with #FundedClub member 7billionideas to discuss the company’s growth since its success campaign ended. Crowdcube revealed that not only did 7billionideas secured £30,000 from 7 investors back in 2012, the startup also became one of the platform’s first… Read More

January 22, 2016 @ 8:17 am By Samantha Hurst  |  

Axol Bioscience, a UK-based startup that specializes in human cell culture, has captured £600,000 through its equity crowdfunding round on SyndicateRoom in just over four weeks. The company is raising funds to dramatically accelerate revenue growth and international expansion, as well as to support further product… Read More

January 21, 2016 @ 7:51 pm By Barry James  |  

A recent Juniper report suggested that the failure of the Zano campaign was a game-changer, signalling a move away from Kickstarter-style reward crowdfunding toward an equity (and mixed) model. Given the regulatory costs and other issues this is naive at best. Apart from the fact that… Read More

January 20, 2016 @ 8:24 am By JD Alois  |  

Marketplace lending platform RateSetter has hired two former bankers in a move to boost their executive bench. Paul Marston has taken the position of Head of SME Lending and Angela Yotov as Head of Legal. Marston was previously employed by Secure Trust Bank, a challenger… Read More