News Briefing - Crowdfunding, SME And Alternative Finance

crowd of women talking at a business event

1. UK – AltFi

The Cambridge Network showcases research from leading equity platform, Syndicate Room.

“SyndicateRoom’s latest study reveals that an investment strategy of 'radical diversification' could help you beat the returns of not only the infamous TV Dragons, but also most professional venture capitalists.”

2. UK - FinTech

UK Fintech Week in London has produced a flurry of announcements regarding new programs designed to boost the status of London as a leading Fintech hub, according to Crowdfund Insider.

“Christopher Woolard, Executive Director of Strategy and Competition at the FCA, declared that deeds are more important than just words.
Woolard discussed the ” next stage of the FCA’s innovation journey,” after five years on the job. Today, Innovation at the FCA is a “fully formed” division of the regulator.

Woolard announced the “first cross-border tests of the Global Financial Innovation Network (GFIN)” to test new propositions. Today, GFIN claims a network of 29 global organizations.

Asking the question if the pursuit of Fintech innovation is working? Woolard stated, “the progress we have made is significant and real.”

3. UK – AltFi

Sancus launches a bridging platform, according to P2P Finance News.

4. UK – P2P

Growth Street hires a business development manager for the Scottish market.

“GROWTH Street has hired Jennifer McGuffie as business development manager for Scotland to boost its origination in the country.
The peer-to-peer business lender said on Monday that McGuffie has more than 15 years’ experience in the commercial finance space, having previously worked at Lloyds TSB, Bibby Financial Services and Ultimate Finance.”

5. International – AltFi

Deal Street Asia reports:

”Dutch development bank FMO has proposed a $10-million investment in Jungle Ventures III, the third venture capital fund managed by Singapore-based VC firm Jungle Ventures. According to a Bloomberg report, quoting sources, Jungle Ventures has raised $175 million from investors for the first close of its third fund, which eyes a $200 million hard cap. In a disclosure, FMO said it intends to invest in Jungle Ventures III “to stimulate entrepreneurship across Southeast Asia” and support entrepreneurs in scaling up innovative businesses that can contribute to the sustainability of the local economic activity and “prevent talent flight”.”

6. International – Fintech

Crowdfund Insider on the recent speculative uptick in Bitcoin and its knock-on effects.

“Researchers at LongHash, “a global blockchain incubator supported by the Singapore government,” have concluded that surging stablecoin trading volumes corresponded with a sudden 15% increase in the price of Bitcoins on April 2nd of this year.

On that day, the price of one bitcoin, which had been slumping for months at around $4000 USD, surged 15% in 30 minutes and subsequently popped above $5000 USD.

The event has been lauded by numerous crypto pundits as “the end of crypto winter.”

According to the Longhash researchers:

“The cause of this jump might surprise you. We analyzed the data and found that this increase was likely driven by large amounts of fiat capital flowing into the bitcoin market through stablecoins.”

“Stablecoins” are a type of cryptocurrency used by traders to facilitate fast crypt0-to-crypto transactions and exchange-to-exchange arbitrages.
They are also used, says Longhash, to enable traders to access bitcoins and other cryptocurrencies in jurisdictions where they are prohibited.”