News Briefing - Crowdfunding, SME And Alternative Finance

the audience at a concert applauding the acts

1.UK – P2P

Peer2Peer Financial News reports:


“Business peer-to-peer lender Funding Empire has been acquired by the company behind Downing Crowd.

Funding Empire, which launched in 2012 as the first crowdfunding platform in Wales, had stopped new lending in 2016 and its platform will be kept live until all outstanding loans are repaid.

Downing had already adopted Funding Empire’s technology in October 2016 and has also worked with the founders, Parag Patel, Jon Levy and Dinesh Patel, to launch Downing Crowd’s own in-house investment platform.

Funding Empire had stopped new lending in 2016 after a management buyout by its senior executives as they awaited full Financial Conduct Authority regulation.

But instead, Downing LLP – the parent company of Downing Crowd – made an offer to purchase the platform in 2017, with the takeover approved last year.

Funding Empire’s full regulatory status was transferred to Downing at the end of January 2019, the FCA register shows.”


2. UK – FinTech


This Is Money, the Mail’s online presence, looks at a mini-bond-linked savings app.

"Bright yellow signs often signify a hazard warning - and this might be the case when it comes to putting cash in the new app-based fintech firm behind eye-catching adverts offering five per cent on 'savings'."


3. US – FinTech


The Digital Journal carries a press release for a money-circle app by FundChain.

FundChain is a blockchain based, decentralized mobile application for crowdfunding and money circle, also known as ROSCA. The app, by eliminating the need for any middlemen and fostering peer to peer connection will bring cost-effectiveness, reliability, and transparency to both the industries. The platform is backed by its native AZ token that will serve as the mode of transactions, payments and implement smart contracts within the platform.

ROSCA or money circle is known by various names in different countries around the globe. In the simplest of terms, it is defined as a rotating savings and credit association (ROSCA) where a group of individuals agrees to meet for a defined period in order to save and borrow together. It is a kind of combined peer-to-peer banking and peer-to-peer lending.”


4. International – FinTech


Crowdfund Insider reports on a new, Puerto Rico-based trading platform.


Kinetic International is the new kid on the banking block. After years of diligent wading through a complex and often trying regulatory approval process, Kinetic CEO Michael Williams heads up the first international private bank that is both fully compliant with US banking regulations (it is subject to the federal laws and rules related to North American bank practices, having to comply with the federal regulations governing all US banks: CIP, AML, BSA and Patriot Act) – and also benefits from the offshore tax status offered by the US territory of Puerto Rico.

5. International – Equity

The largest German crowdfunding platform Companisto is in the midst of an INVEST grant self-funding round, the platform’s own equity investment, reports Crowdfundinsider.

“To date, over €4,420,000, overfunding by 164%, has been raised by more than 448 investors. The amount continues to increase with each click through.

According to the platform video and pitch deck, the subsidy guarantees a 20% reimbursement on the investment sum when investing in an innovative business. Investors will also receive a 25% tax break on generated returns, as in an exit. Investors also no longer have a €10,000 limit on the platform — there is now no limit to the amount of investment, similar to Great Britain’s SEIS program.”