News Briefing - Crowdfunding, SME And Alternative Finance

pied piper followed by children

1.UK – P2P/Real Estate

Peer2Peer Finance News reports:

“LANDBAY’S products have been added to The Right Mortgage & Protection Networks panel in its latest move to boost distribution.

The network’s brokers will be able to access the peer-to-peer property lender’s full buy-to-let range and use Landbay’s online intermediary portal to track their case.

“We’re excited to partner with The Right Mortgage & Protection Network, which is a mutually beneficial way for us to offer our expertise and services to a wide range of advisers, many of whom are finding navigating the new world of buy-to-let increasingly difficult,” Paul Brett (pictured), managing director of intermediaries at Landbay, said.”

 

2. UK – Regulation

Peer2Peer Finance News reports:

“THE FINANCIAL Conduct Authority (FCA) is considering a ban or a cap on exit fees, as part of a new package of measures designed to make it easier for consumers to switch investment platforms.

Some of these measures include a restriction on exit fees, and allowing investors to remain in the same fund while changing to a different platform.

“While the market is working well for most of its consumers, the package we’ve announced today should make it less expensive and time-consuming for investors to shop around and move to the platform that best meets their needs,” said Christopher Woolard, executive director of strategy and competition at the FCA.

“As part of that, we believe it is right that we restrict exit fees, so people can move their money freely.”

The FCA added that despite some progress, consumers still find it hard to find a platform that better meets their needs, and singled out high and unexpected exit fees as a key reason for this.”

 

3. US – Equity

 

Crowdfund Insider offers tips from successful equity fund raisers.


4. US – P2P/Real Estate

Crowdfundinisider ona move in the real-estate sector.

“Highly rated real estate investment platform PeerStreet has hired two new executives with extensive experience in the financial services and real estate sectors. PeerStreet reports that Ellen Coleman has joined the platform as Executive Vice President of Finance.  Additionally, Bob Brown has been hired as Executive Vice President of Finance & Corporate Development.”

4. International – P2P

 

Crowdfund Insider on the valuation of a state-approved P2P platform.

 

“Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion.

Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also committed to improving transactions efficiency, optimizing financial asset allocation, and providing expertise to a wide range of institutions, companies, and qualified investors through quality service and continuous trading/trading organization model innovation.

According to Caixin, the lender’s parenting company and China’s second largest insurance company, Ping An Insurance, reported that Lufax has established asset partnerships with more than 300 institutions and provided 11 million investors with more than 5,000 products and customized financial services.”