News Briefing - Crowdfunding, SME And Alternative Finance

1.UK – EIS

 

Investment Week carries commentary about the EIS sector.

2. UK – FinTech

 

AltFi reports on a new expositional app.

 

A financial newsletter focused on millennials has launched an app aimed at breaking down industry jargon to encourage investing among young people.

“London-based Finimize roll the educational app out of beta this week, and intends to build on the 400,000 global subscribers it has built up since its launch three years ago. It also hosts financial educational events in over 15 countries around the world.”


3. UK – P2P

Peer2Peer Finance News reports:

“TWO OF Crowdstacker’s directors have resigned from the company’s board, leaving the peer-to-peer platform’s founder and chief executive, Karteek Patel, as the last remaining director.

Mark Bristow and Julian Turnbull were both recorded as having had their directorial appointments terminated earlier today (18 July). In May, Glen Waters also resigned from his position as a company director.

According to Companies House records, Patel is now the only active director of Crowdstacker.”


4. UK – AltFi

 

IFA Catherine Morgan looks at the lessons to be learned from the LCF affair.


 

5. US – AltFi

Goldman Sachs’ platform Marcus comes under scrutiny.


6. US – FinTech

US Secretary of the Treasury, Steve Mnuchin, warns users of Bitcoin and Libra (when it’s live).