Posts Tagged ‘ P2P ’

iDisclose Launches a Free “SEC Scrubber” Tool for Crowdfunding Issuers

Idisclose : Crowdfunding New Legal Platform

iDisclose Announces Free Online Tool to Conform Documents to SEC Acceptable Format NEW YORK, NY–(Marketwired – August 17, 2016) – iDisclose announced today that it is offering a free online service to help issuers and their counsel submit the required crowdfunding documents to the Securities and Exchange Commission. iDisclose CEO Georgia Quinn explained that “we have noticed a lot of people are having trouble uploading the required documents to the SEC’s online system known as EDGAR. This is due to the finicky nature of the system and somewhat archaic technology it uses. Several issuers’ uploads were getting bounced and the error messages were indecipherable.” Many…

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REPORT: Is Marketplace lending A temporary phenomenon?


Crowdfund Beat Data Center: Deloitte Report MPLs are online platforms that enable investors to lend to retail and commercial borrowers. Unlike banks, MPLs do not take deposits or lend themselves; as such they do not take any risk onto their balance sheets. They make money from fees and commissions received from borrowers and lenders. The rise of Marketplace lending has urged many commentators to highlight the potential disruption that such new business models may bring to traditional banking. Our research presents a different opinion and instead concludes that MPLs do not currently have the competitive advantage needed to threaten this traditional banking model. However, while…

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What’s Seed Equity CrowdFunding, known as “REG CF Title III”?


By Rod Turner  founder and CEO of Manhattan Street Capital, Crowdfund Beat  Guest Editor, The SEC’s new Title III Equity CrowdFunding rules went into effect May 16th. These new rules expand Equity CrowdFunding to allow investors at all wealth levels to invest in startup companies. In June 2015, the SEC also enabled groundbreaking new rules called Regulation A+ which allow anyone to invest in startups and more established companies that need to raise up to $50 million. The capital raising landscape is making its biggest shift in decades. We now have an online fund raising continuum that extends from startups raising seed capital of as…

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Trouble In Paradise: Lending Club And Prosper


By Mark Roderick CrowdFunding Beat  Sr. contributing editor and crowdfunding attorney with Flaster/Greenberg PC. Lending Club and Prosper are going through a rough patch. Renaud Laplanche, the CEO and founder of Lending Club, just resigned amid allegations of financial irregularities, while Prosper recently laid off more than a quarter of its employees. But those are only the ripples on the pond’s surface. What’s going on underneath is that Wall Street is losing faith in the business model – that is, losing faith in the quality of the loans made on the Lending Club and Prosper platforms. Not long ago, Wall Street financial institutions couldn’t get enough of Lending Club and…

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Is this the End of Marketplace Lending?


By Dara Albright,CrowdFunding Beat Sr.Guest Editor, Co-founder of the LendIt conference& the FinFair Conference, Monday’s news that Renaud Laplanche was stepping down as Lending Club’s CEO sent shockwaves throughout the industry – particularly coming hard on the heels of industry layoffs and disappointing earnings announcements. Since Monday morning, the alarmists have been out in full force, nonsensically declaring the end of marketplace finance and FinTech in general. But what some may consider the end, I view as a new beginning. “What the caterpillar calls the end of the world, the master calls a butterfly.” – Richard Bach Cynics, I have a newsflash for you. When the automobile industry…

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REPORT: Opportunities and challenges in online marketplace lending

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  By John M. Pachkowski, J.D. The Treasury Department has released a white paper regarding its review of the online marketplace lending industry that commenced with the Treasury Department’s Request for Information in the summer of 2015. The white paper entitled, “Opportunities and Challenges in Online Marketplace Lending,” provides an overview of the evolving market landscape, reviews stakeholder opinions, and provides policy recommendations. The white paper also acknowledges the benefits and risks associated with online marketplace lending, and highlights certain best practices applicable both to established and emerging market participants. It should be noted that the white paper explicitly stated that “this document is not an…

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Why VCs Do Not Like Equity Crowdfunding


By Howard Marks Executive Chairman and co-founder at StartEngine Crowdfunding CrowdFund Beat Guest Post, In April 2012, President Obama signed the JOBS Act and announced that Americans will now have access to the capital they need from ordinary investors. Yet the media received the declaration quietly — meaning most U.S. citizens remained blissfully unaware of this revolutionary new regulation. The venture capital industry is probably one of the most vital sources of risk capital for our economy. It has produced the industry giants that command worldwide success: Google, Apple, Microsoft, etc. Without VC, most of those businesses would have never existed. Moreover, VCs have significantly contributed to our country’s technological success. Most people…

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Can retail investors compete with hedge funds in p2p ?


George Popescu Founder and Editor in Chief (Lending Times), Partner ( LunaCap Ventures), Board of Advisors (Gatecoin, AltOptions) CrowdfundBeat Guest post LendingRobot is claiming that it is difficult for retail investors or even high net worth individuals to manage so many micro-loans and to simultaneously compete with hedge funds looking to scoop the best loans under microseconds. Peer-to-peer lending was designed to provide a platform to the investors and borrowers to lend and borrow money without the intrusion of a financial intermediary. Investors need LendingRobot’s algorithms to compete with Hedge Fund algorithms to get the best returns out of these sites. LendingRobot was co-founded by Emmanuel Marot and…

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The Future of P2P and Online Lending


By Dara Albright, CrowdFunding Beat Guest Editor, Co-founder of the LendIt conference & the FinFair Conference, LendIt – Once Again Helping Predict the Future of P2P and Online Lending 1996 was great year.  Hootie & the Blowfish were packing stadiums. Cellphones were just starting to get a little bit smaller than that monstrosity famously used by Michael Douglas in the 1987 classic film, “Wall Street”. Starbucks opened its first store outside of North America, gracing Asia with custom lattes. The infrastructure to support this new invention called the Internet was developing. Money was pouring into NASDAQ as a new generation of technology stocks were setting IPO records. It…

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On 4th Anniversary of the JOBS Act, Crowdfunding Advocates are Optimistic


CrowdFund Beat News Wire, WASHINGTON, April 5, 2016 /PRNewswire-USNewswire/ — Four years ago today on April 5, 2012, President Obama signed the Jumpstart our Businesses Startup Act (JOBS Act) into law in the Rose Garden of the White House. The overwhelmingly bipartisan bill, which focused on stimulating the U.S. economy by promoting capital formation and private sector jobs, represented what is possible in Washington, DC when both parties get behind ideas that are good for the country. Four years later the final piece of the JOBS Act, “Title III” crowdfunding, will take effect on May 16, 2016. Sherwood Neiss, Principal at Crowdfund Capital Advisors and…

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Marketplace Lenders Next on The CFPB Chopping Block

Marketplace Lenders Next on The  CFPB Chopping Block

The CFPB’s actions are likely the first steps in identifying consumer issues with marketplace lenders. The Consumer Financial Protection Bureau (CFPB or Bureau) is flexing its muscles once again, and this time the target is marketplace lenders. In a surprising move, the CFPB announced on March 7 that it would be accepting complaints on consumer loans from online marketplace lenders. The Bureau also released a consumer bulletinto provide an overview of marketplace lending and things for consumers to consider before taking out a loan.           Consumer Complaint Database The consumer complaint database will allow for consumers to make complaints against marketplace…

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FINLAW:  Time to Apply to Become a FINRA Funding Portal

FINLAW:  Time to Apply to Become a FINRA Funding Portal

By Scott Andersen, CrowdfundBeat Guest Contributor, Principal at The SEC has approved FINRA Funding Portal Rules, and FINRA has issued on January 29, 2016 Regulatory Notice 16-06.  This regulatory notice outlines the process one needs to undertake to become a Title III Funding Portal member.  If you wish to participate in a Title III business, now is the time to file your Funding Portal New Member Application with FINRA. Funding Portals, unlike Title II Funding Platforms, have to be SEC registered FINRA members, and will be directly regulated by FINRA, similar to a broker-dealer.  Form Funding Portal (Form FP) is now available to interested parties…

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BloombergCouples Desperate For Children Turn to Crowdfunding FertilityBloombergCrowdfunding has become a popular mechanism for many couples who can't afford the high costs of IVF, or adoption and surrogacy. “It's not an easy thing to share publicly,” says Crystal Barrett, 33 [...]

Mountain XpressFaces in the crowd: WNC crowdfunding initatives | Mountain XpressMountain XpressEach week, Xpress highlights notable WNC crowdsourcing initiatives that may inspire readers to become new faces in the crowd. This week features a feature ...and more » [...]

Crowdfund InsiderMassive Rule 147 Amendments May Be On The Horizon Impacting Intrastate CrowdfundingCrowdfund InsiderAlmost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfundin [...]

AZCentral.comTiny companies lure investors under Arizona crowdfunding lawAZCentral.comInvestors who make bets under the state's one-year-old crowdfunding law certainly have the potential to get in on the ground floor, but they must be patient and might not receive any returns. Th [...]

MarketWatchWhy a crowdfunding site is giving out $10,000 scholarships ...MarketWatchIt's another indication that families are struggling with college costs.and more » [...]

Huffington PostReal Estate Crowdfunding's Pathway of ChangeHuffington Post“Crowdfunding is just the Internet,” stated Attorney Mark Roderick as he opened last month's RealCap Chicago. RealCap is an annual conference that joins crowdfunding leaders and innovators to propel th [...]

BBC NewsNHS trust 'relies' on crowdfunding to equip wardBBC NewsAn NHS trust has launched a crowdfunding appeal to buy equipment for a new hospital unit because "it cannot get started without donations". The Royal National Orthopaedic Hospital (RNOH) in Stanmore, n [...]

MottoIVF: More Couples Crowdfunding to Pay for Procedure - MottoMottoMore and more couples are turning to crowdfunding to fund costly in vitro fertilization (IVF) treatments, Bloomberg reports.More Couples Who Can't Afford IVF Are Turning To Crowdfunding For HelpRomperCouples des [...]

EntrepreneurIs Crowdfunding Right for You? Answer These 7 Questions to Find ...EntrepreneurLess than a third of crowdfunding campaigns reach their financial goals. Will yours be one of them?and more » [...]

ForbesVenture Crowdfunding Revisited: An Update with NIN VenturesForbesI am about to head off to attend the Global Crowfunding Convention (GCC) 6 in Las Vegas. It will be my fourth time attending. The crowdfunding industry has grown from $16 billion in 2014 to $34 billion in 2015, and [...]

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