News Briefing - Crowdfunding, SME And Alternative Finance

women talking at a crowdfunding event

1.UK – P2P

P2P Finance News reports on a decline in NAV from one of the investment trusts committed to the sector.

 

“P2P GLOBAL Investments (P2PGI) saw its net asset value (NAV) return decline in January, which it blamed on “adverse foreign exchange movements”.

The alternative finance-focused investment fund reported a NAV return of 0.45 per cent in January, down from 0.75 per cent in December.

In its January factsheet, P2PGI’s investment manager blamed the lower January NAV return on “adverse foreign exchange movements which reduced the return by 1.44 per cent on an annualised basis (0.12 per cent on January 2019 monthly NAV return), driven by the higher than expected intra-month strengthening of sterling.”

2. UK – AltFi

 

Irish News reports:

 

“WHILE Northern Ireland is forging a place as a destination for early stage technology companies to pursue rapid growth, less well known are the personal tax incentives offered to UK high net worth investors in such businesses.

This is surprising when these tax incentives are among the most generous reliefs of their kind worldwide and have now existed in one form or another for well over two decades.

There are two core investment products which allow for investment in such early stage, high growth companies whilst facilitating such tax reliefs - Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCT).

Both EIS and VCTs are UK government-backed initiatives designed to mitigate some of the risk of investing in early stage businesses whilst maintaining the upside (or reward) of successful investments. The UK government incentivises investors by bearing a significant amount of the risk via tax reliefs.

The most generous relief common to EIS and VCTs is 30 per cent income tax relief on invested capital. What this means in practice is for every £1 invested into a VCT or an EIS eligible company, an investor receives 30p of income tax relief.”

 

3. UK – AltFi

 

Wealth Club reports the launch of a fixed-rate bond with a yield of 8.5 per cent.

 

“The bond aims to pay an effective fixed-rate of 8.5% a year.

It is a fixed-term bond. Capital and rolled up interest should be paid at the end of the bond period, planned for 31 January 2022. Interest of 8.5% p.a. should accrue and compound.

The table below shows how this might work in practice, based on different investment amounts.

Please note, this is an investment, so capital is at risk. It's only for experienced investors and you should not invest money you cannot afford to lose. Interest and capital repayment are not guaranteed.

This bond is not covered by the Financial Services Compensation Scheme for deposits. It is not readily realisable.”

Fixed-interest secured bond - effective rate of 8.5% p.a.

 

4. US – Equity

 

Pymnts.com reports the closing of a deal involving Goldman Sachs.

 

Circle, the payments startup backed by Goldman Sachs, announced on Monday (March 4) it closed on its acquisition of SeedInvest, an equity crowdfunding platform that operates a registered broker-dealer. The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital.

In a blog post, the company said the deal, which was announced in October, received the blessing of FINRA, enabling it to close the acquisition.

“We are incredibly excited to welcome the SeedInvest family of employees, startups and investors into Circle,” wrote Co-founders Sean Neville and Jeremy Allaire. The executives said the acquisition is another step in realizing their vision of a more open, global, connected and inclusive financial system.”



5. US – FinTech

 

Coin Desk reports:

“TradingView, the U.S.-based provider of financial markets data charts and analysis, has added a cryptocurrency index to its platform for the first time.

Crypto exchange Huobi announced Monday that TradingView has added its “HB10” index, in a move it said showed the “continued maturation” of the digital assets industry. The index can already be accessed on TradingView.

Huobi launched the HB10 index back in May to track a basket of the top cryptocurrencies (based on liquidity and market capitalization) traded on its platform in real-time against U.S. dollar-pegged stablecoin tether (USDT).


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Regards,

alternative finance.

1.UK – P2P

P2P Finance News reports on a decline in NAV from one of the investment trusts committed to the sector.

 

“P2P GLOBAL Investments (P2PGI) saw its net asset value (NAV) return decline in January, which it blamed on “adverse foreign exchange movements”.

The alternative finance-focused investment fund reported a NAV return of 0.45 per cent in January, down from 0.75 per cent in December.

In its January factsheet, P2PGI’s investment manager blamed the lower January NAV return on “adverse foreign exchange movements which reduced the return by 1.44 per cent on an annualised basis (0.12 per cent on January 2019 monthly NAV return), driven by the higher than expected intra-month strengthening of sterling.”

P2P GLOBAL Investments (P2PGI) saw its net asset value (NAV) return decline in January, which it blamed on “adverse foreign exchange movements". The alternative finance-focused investment fund reported a NAV return of 0.45 per cent in January... #P2PGlobalInvestments #p2pinvestmenttrusts #P2PGI

 

2. UK – AltFi

 

Irish News reports:

 

“WHILE Northern Ireland is forging a place as a destination for early stage technology companies to pursue rapid growth, less well known are the personal tax incentives offered to UK high net worth investors in such businesses.

This is surprising when these tax incentives are among the most generous reliefs of their kind worldwide and have now existed in one form or another for well over two decades.

There are two core investment products which allow for investment in such early stage, high growth companies whilst facilitating such tax reliefs - Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCT).

Both EIS and VCTs are UK government-backed initiatives designed to mitigate some of the risk of investing in early stage businesses whilst maintaining the upside (or reward) of successful investments. The UK government incentivises investors by bearing a significant amount of the risk via tax reliefs.

The most generous relief common to EIS and VCTs is 30 per cent income tax relief on invested capital. What this means in practice is for every £1 invested into a VCT or an EIS eligible company, an investor receives 30p of income tax relief.”


 

3. UK – AltFi

 

Wealth Club reports the launch of a fixed-rate bond with a yield of 8.5 per cent.

 

“The bond aims to pay an effective fixed-rate of 8.5% a year.

It is a fixed-term bond. Capital and rolled up interest should be paid at the end of the bond period, planned for 31 January 2022. Interest of 8.5% p.a. should accrue and compound.

The table below shows how this might work in practice, based on different investment amounts.

Please note, this is an investment, so capital is at risk. It's only for experienced investors and you should not invest money you cannot afford to lose. Interest and capital repayment are not guaranteed.

This bond is not covered by the Financial Services Compensation Scheme for deposits. It is not readily realisable.”

 

4. US – Equity

 

Pymnts.com reports the closing of a deal involving Goldman Sachs.

 

Circle, the payments startup backed by Goldman Sachs, announced on Monday (March 4) it closed on its acquisition of SeedInvest, an equity crowdfunding platform that operates a registered broker-dealer. The completion of the deal comes as talk abounds that the company wants to raise $250 million in fresh capital.

In a blog post, the company said the deal, which was announced in October, received the blessing of FINRA, enabling it to close the acquisition.

“We are incredibly excited to welcome the SeedInvest family of employees, startups and investors into Circle,” wrote Co-founders Sean Neville and Jeremy Allaire. The executives said the acquisition is another step in realizing their vision of a more open, global, connected and inclusive financial system.”

5. US – FinTech

 

CoinDesk reports:

“TradingView, the U.S.-based provider of financial markets data charts and analysis, has added a cryptocurrency index to its platform for the first time.

Crypto exchange Huobi announced Monday that TradingView has added its “HB10” index, in a move it said showed the “continued maturation” of the digital assets industry. The index can already be accessed on TradingView.

Huobi launched the HB10 index back in May to track a basket of the top cryptocurrencies (based on liquidity and market capitalization) traded on its platform in real-time against U.S. dollar-pegged stablecoin tether (USDT).