News Briefing - Crowdfunding, SME And Alternative Finance

crowd of women talking at a business event

 

1.UK – AltFi

Midven, a leading venture capital firm based in Birmingham, UK, has launched  the Greater Birmingham EIS Fund (GB EIS), which will focus on deploying Enterprise Investment Scheme (EIS) qualifying monies alongside the recently secured £35 million Midlands Engine Investment Fund (MEIF) from the British Business Bank, according to Virtual Strategy.

 

“Prior to the launch of its EIS fund, Midven exclusively managed institutional and public funds. However, due to the overwhelming opportunities that exists in the Midlands and demand from local investors, Midven will manage an EIS fund to further back high-growth ventures in the region.”

 

2. UK – AltFi

 

Fundsquire has appointed Rowan Gallagher (pictured above) as its new UK managing director, according to Bridging & Commercial.

 

“He joins the alternative finance lender from GrantTree, where he was managing director of R&D tax credits.

Fundsquire – which was founded in Australia in 2013, before expanding into the UK in 2016 – has developed its R&D funding product through collaborations with clients and consultants across the world, including PwC, Grant Thornton and GrantTree.”

Fundsquire has appointed Rowan Gallagher (pictured above) as its new UK managing director

3. International – FinTech

 

Technode reports:

“China’s leading peer-to-peer (P2P) lending platform Hexindai announced today it will acquire a 20% equity stake worth approximately $1.6 million in Indonesian Musketeer Group Inc., an online lending platform that offers consumer loans.

This acquisition marks Hexindai’s first cross-border investment as well as its first step to explore overseas opportunities in new high-growth markets. It also comes at extremely turbulent times for China’s P2P industry.

Founded in 2014, Hexindai is a P2P lending platform that introduces borrowers to investors. It was part of a wave of Chinese online lending platforms that have experienced a boom in recent years as local commercial banks are reluctant to supply loans to middle-class individuals. The company went public last year in the US along with a raft of microlenders such as Qudian, Lexin, PPDAI, and others.

Hexindai’s acquisition is one of the rare good news in China’s P2P lending market. The RMB 1.3 trillion-worth sector was hit by a series of blows recently as hundreds of platforms imploded. The life savings of thousands of mom-and-pop investors were wiped out with protests eruptingin Beijing over the online lending crisis.”


Given China’s worsening online lending environment, Hexindai plans to seek more opportunities in the global market.

 

4. International – FinTech

 

FundedByMe, a multi-national investment crowdfunding platform, has appointed Emma Levén as the new group CFO. This new role is part of FundedByMe’s ongoing expansion plans, according to Crowdfundinsidr.

“Levén, previously CFO at Swedeltaco AB, has a background in international growth and public offerings and is described as a strong addition to FundedByMe prior to upcoming listing at NGM as well as potential future ventures. Prior to SweDeltaco AB, she was Global Director at Cambridge University Press and was an executive at Thorlabs Sweden.”

FundedByMe, a multi-national investment crowdfunding platform, has appointed Emma Levén as the new group CFO. This new role is part of FundedByMe's

 

5. International – FinTech

 

Crypto ICO Report on the hunt for Satoshi…

 

“The true identity of Satoshi Nakamoto, the creator of Bitcoin, has been a heavily contested topic in the cryptocurrency community for the better part of a decade. Even though Satoshi has since faded into the shadows, with some classifying him as somewhat of a legend, many still seek to find out who he, she, or they are.

Crypto Mysteries: Who Is Satoshi?

Satoshi burst into this world in late 2008, following the financial crisis of the same year, posting the original Bitcoin whitepaper onto a cryptography forum. Eventually, the network was launched, and Satoshi became the face (ironically enough) of the project for the next few years. Although becoming a household name throughout the nascent cryptosphere, no one really knew who he was and what he had done with the bitcoin he had mined.

Some postulated that it was Craig Wright, an Australian coder who has claimed to be Nakamoto. Others say it was a group of like-minded individuals, set on making an impact through a new, decentralized system. While speculation rages, it could really be anyone’s guess, well for common civilians like you or I anyway.

As Crypto ICO Report reported previously, many have started to believe that there are some who know who Bitcoin’s “father” is, specifically governmental agencies who hold access to tools and tactics which may make it easy (easier) to find such a secretive individual.

The Game Is Afoot — Users Crowdfund International Search Campaign 

While governmental agencies could potentially be keeping Nakamoto’s identity under lock and key, others have sought to take this matter into their own hands.

A group of individuals, joining hands through the #findsatoshi hashtag, recently launched an “International Search For Bitcoin Creator Satoshi Nakamoto” campaign on Russian crowdfunder BoomStarter. German Neff is heading this move, hoping to raise upwards of 15 million Russian Rubles or $200,000 in the equivalent USD value.

Issuing a statement alongside the BoomStarter post, Neff wrote:

“It’s about time we found Satoshi Nakamoto…The appearance of Bitcoin is widely compared to a supernova explosion. And after one has happened, some uncertainty started to take place… Satoshi needs to be found. And it is not just a trite curiosity. Now the market is on a fragile balance; for the further development of cryptocurrency, we need to know who created crypto and why.”

Explaining how this search would work, the user went on to write about how they would hire independent detective agencies in the U.S., Japan, and Europe to find the figure. Additionally, the campaign would take on the support of linguists, IT professionals and others who held specific professional capacities to help in this search.

As it stands, the campaign has raised 31% of its goal, or 4.7 million rubles ($70,000 U.S.) It remains to be seen who exactly is behind the influx of funding, but this interest shows that users really want to know who Satoshi is. Neff seems to hold a polarizing view on Satoshi, as he wrote that “we (#findsatoshi proponents) have the right to know the identity of Satoshi.”

But as some see it, this shadowy figure is likely dead, captured by the government, or hidden in a place so secret that no one would have any clue where to find them. Moreover, many cryptocurrency proponents have kept their distance from such a search, as finding the Bitcoin figurehead essentially undermines the very nature of decentralization and pseudonymity itself.”

 

 

Regards,