1.UK – P2P
Asset Finance International reports:
“Peer-to-peer lending pioneer Zopa has launched a new car finance operation in the UK as it seeks to expand its share of the market.
Zopa has been providing auto finance as part of its personal loans service since the business launched the first peer-to-peer company in 2005, but following its approval for a banking licence last year, it has developed a specialist auto finance arm that will target brokers, dealers and comparison sites for growth.”
2. UK – P2P
P2P Finance News reports:
“THE HOUSE CROWD is the third peer-to-peer lender set to integrate with ASMX’s blockchain-based secondary market.
The peer-to-peer property lender joins asset-backed P2P platform Ablrate and its partner business Huddle Capital in using the new blockchain solution."
3. US – AltFi
The US has a new industry body, which announces its own arrival:
“The Association of Online Investment Platforms (AOIP) has published a series of policy recommendations designed to improve the online capital formation marketplace by fixing existing flaws in crowdfunding rules.
Earlier in the year, the AOIP published a Code of Conduct for online investment platforms as the group seeks to help foster a robust crowdfunding industry in the US.
The AOIP is a newer advocacy group formed in 2018. The founding members consist of several of the most prominent crowdfunding platforms in the US, including; SeedInvest, Republic, Microventures, and NextSeed.”
4. US – AltFi
Crowdfundinsider reports a first:
“Blockstack has become the first token issuer to have a Reg A+ offering qualified by the Securities and Exchange Commission (SEC). The event may break open a longstanding logjam of digital asset filings which have been in limbo at the SEC.”
5. International – AltFi
Crowdfund Insider reports on moves at the European Crowdfunding Network.
“The European Crowdfunding Network (ECN) recently announced it has welcomed its new non-executive Board for the period 2019-2021. The organization revealed that after the 4th ECN CrowdCamp: Exploring Blockchain for Alternative Finance, the ECN General Assembly of members convened in Berlin to explore strategic options for the next two years and to confirm both the executive and non-executive boards.
“ECN would like to thank the past board for their valuable input and strategic advice during the period 2017 to 2019, which included in-depth work on the regulatory developments within the European Union with regard to the Capital Markets Union, and especially the ECSP (European Crowdfunding Service Provider regulation), as well as developments with regard to innovative technologies in alternative finance, especially blockchain, match funding schemes and the clean energy transition.”