News Briefing - Crowdfunding, SME And Alternative Finance

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1.UK – P2P

Regulation is set to get more expensive, according to P2P Finance News.

“PEER-TO-PEER lenders could see their regulatory fees increase by at least two per cent.

The Financial Conduct Authority (FCA) has released a consultation on its annual funding requirement for 2019/2020, revealing that it will need £558.5m from all regulated firms.

This is up from £543m last year and helps fund the City watchdog’s ongoing activities as well as the costs of preparing for Brexit.

There is a minimum fee for all FCA-regulated firms and a separate fee structure for consumer credit providers, which includes some P2P lenders.”

 

2. UK – P2P

 

P2P Finance News reports Lending Club’s latest move.

“LENDINGCLUB is planning to stop lending to small businesses and will instead refer prospective borrowers to Funding Circle US and Opportunity Fund.

The US peer-to-peer lending giant, whose core business is personal finance, said it provided loans to a “small fraction” of 14 million business applicants last year.

Instead, LendingClub will refer established, creditworthy businesses to Funding Circle’s US platform.

Additionally, those with weaker credit profiles will be pre-qualified and referred to non-profit business lender Opportunity Fund, which specialises in helping businesses owned by minorities, women, and immigrant entrepreneurs.”


LENDINGCLUB is planning to stop lending to small businesses and will instead refer prospective borrowers to Funding Circle US and Opportunity Fund. The US peer-to-peer lending giant, whose core business is personal finance, said it provided loans to... #BernardoMartinez #FundingCircle #LendingClub

3. UK - FinTech

The Mail runs a story seeking to connect MP Johnny Mercer to the LCF scandal. All the facts in the story were already in the public domain. 

4. US – FinTech

PR Newswire carries a news release:

“Kalibrate Blockchain, a healthcare information platform developer, launched a Title III Regulation Crowdfunding Campaign on StartEngine Monday. Regulation Crowdfunding allows anyone, regardless of net worth or income level, to invest in securities issued by startup companies.

The Florida-based startup is developing FormDrop, a mobile app that enables patients use their smartphones to electronically fill out and deliver any paper form by taking a simple snapshot of each form on the clipboard. The company is developing FormDrop as its minimum viable product.”


5. US – Real Estate

 

Benzinga carries a release.

 

“Ryan and Kara Garland, the creators of Paradyme Funding, a new crowdfunding real estate and finance platform helps investors make a momentous shift into smart, authentic investments.

For investors looking for opportunities beyond typical high-priced, low-return transactions, Paradyme Funding finds ways to not only increase the value of portfolios, but build long-term investments for those also interested in longevity and security. 

"Until recently, real estate investing had only been utilized by a small, select percentage of the investor population," Ryan Garland says.” 

Real Estate Crowdfunding Platform Paradyme Funding Increases Investors' Portfolios Value and Provides Accessibility to Wide Audience

6. International – FinTech

 

Binance has definitively broken free of its Kiwi roots. Ceowdfundinisider reports.

 

“Binance, the world’s largest cryptocurrency exchange by volume, has officially launched its services in Singapore. According to TechCrunch, the launch of the service comes just six months after the crypto exchange received an investment from Vertex, a VC firm that is backed by Singapore-based sovereign fund Temasek. Binance has notably been testing its services in Singapore since late 2018 and has been working with Singapore regulator, MAS.

Binance describes itself as a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Trust Wallet, and Blockchain Charity Foundation (BCF). The exchange also claims it is one of the fastest and most popular cryptocurrency exchange platforms in the world, capable of processing over 1.4 million orders per second. Binance also focuses on security, robustness, and execution speed, which attracts enthusiasts and professional traders alike.”