Three years ago Monzo raised money from individuals via crowdfunding; the round funded £1m in just 96 seconds according to...
Crowdfund Insider explores the potential impact on fintech as Maxine Waters takes the helm of the House Financial Services Committee;...
PeerStreet’s Series B round was led by World Innovation Lab with participation from Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital; PeerStreet is a marketplace for fix and flip loans; the company said funds will be used to expand to new types of loans and that the company may also be adding more international investors. Source
UK based Digital Bank Monzo is planning a crowdfunding round to give customers a greater share of ownership; the round will look to raise between $13mn and $40mn; while they will use the round for hiring it is meant to provide customers “a genuine sense of ownership”; the crowdfunding round follows the recent $94mn private equity backed fundraising. Source.
Last week the Securities and Exchange Commission (“SEC”) released a report on the Initial Coin Offering (“ICO”) of the Decentralized...
UK based digital wealth management firm Nutmeg is launching a crowdfunding campaign as they eye international expansion; funds will be...
Last year I wrote a piece about many of the companies who have participated in LendIt Fintech’s startup competition over...
The EU is working on a license for crowdfunding and p2p platforms to operate across multiple countries across Europe; the aim is to simplify the work required in each specific country to operate; AltFi shares perspectives from multiple platforms in Europe on the plans for a license. Source
Groundfloor is a real estate crowdfunding company that has historically focused on retail investors; yesterday the company announced a whole loan purchase agreement with Direct Access Capital (DAC); this is their first institutional partner; Groundfloor to date has facilitated $40 million on the platform and has raised $8.5 million in venture capital. Source
The Central Bank of Russia has created a working group with experts from the country's crowdfunding platforms in order to develop a regulatory framework for the crowdfunding industry; the working group will develop regulatory proposals for submission to regulators during the regulatory framework development process; the Russian market appears to be taking a proactive approach as the industry is emerging with 500 million rubles (USD 7,748,755) in total liabilities. Source