News Briefing - Crowdfunding, SME And Alternative Finance

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1. UK – AltFi

The Mail on the problems facing fund manager Neil Woodford. Woodford also has a vehicle with interest in the P2P sector.

  • Investors cannot buy into or sell out of Woodford's fund for the time being
  • Fund has shrunk from £10billion to less than £4billion in two years 
  • Investors pulling out cash and poor performance have dented fund's size 
  • Woodford's fund underperformed average UK fund by 40.6% over three years 

2. UK – EIS/AltFi

Screen Daily reports:

“The BFI’s UK Creative Content Fund has been launched in London today (June 3) with the goal to raise £20m in its first year. The fund has been set up to take advantage of the UK government’s Enterprise Investment Scheme (EIS) to support independent companies working across film and television.

EIS offers tax breaks of up to 30 percent to encourage investments in high-risk companies.

Fund manager Calculus Capital, which specialises in securing EIS and venture capital trust investment, and screen finance company Stargrove Pictures, run by former Ingenious Media executive Stephen Fuss, have been chosen to run the fund. Stargrove will provide “strategic advice” to Calculus and will be the main point of contact for the UK industry."

3. UK – P2P

After the Lendy collapse, P2P Finance News finds reasons to be cheerful.

“WHEN Lendy went into administration, it was not exactly a surprise due to mounting arrears, but it still sent shockwaves throughout the industry. With the Financial Conduct Authority on the brink of announcing its final rules on reforms of the sector, this has been the bad publicity the industry doesn’t need.

However – the future is still bright for peer-to-peer lending and here is why investors should not be dissuaded by Lendy’s collapse.”

4. US - FinTech

The Blockchain reports:

“Traditional crowdfunding site CrowdEngine has formed a new partnership with Polymathand kicked off plans to issue security tokens.

CrowdEngine, a white label platform that already supports Reg D, Reg A+ and Reg CF, is now a full stack plus platform enabling the issuance of digital securities.”

CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services 

5. International – FinTech

The Economic Times looks at Chinese attempts to get into the Indian market.

“A host of Chinese companies, including WeShare, 9F Group and CashBUS, are exploring investment opportunities in the nascent Indian online lending sector, particularly in the peer-to-peer (P2P) lending segment, even as they wait for the country’s central bank to ease the current set of norms governing the space.  

According to multiple sources briefed on the developments, the Chinese entities are waiting on the sidelines for the Reserve Bank of India (RBI) to further clarify regulatory norms.”

6. International – FinTech

Global Banking & Finance carries an announcement.

OurCrowd, a leading global investment platform and Israels most active venture investor, has announced a new strategic relationship with NOAH Advisors, a leading European corporate finance boutique and organizer of the NOAH Conferences. NOAH Advisors will support OurCrowd in expanding its European deal flow into top European startups, in countries such as Germany, Switzerland, and the UK. As part of the partnership, NOAH Advisors network of Family Offices, senior executives, tech investors, and startups will gain access to OurCrowds top investment opportunities. NOAH Advisors and selected clients will gain ˜VIP access to OurCrowds annual Global Investment Summit (February 11th – 13th, 2020) in Jerusalem.”