BY SARA HANKS , CrowdFundBeat Sr.contributing Guest Editor CEO/Founder,Crowd check.Inc. So, one year ago today, Regulation CF went into effect. Small companies can make offerings up to $1 million (recently increased to $1.07 million) and roughly 325 companies have made Reg CF offerings so far. Roughly 80 companies have filed Form C-U to notify the SEC of the conclusion of their offering (they can also use Form C-U to report progress of the deal, so the raw numbers need refining). Another 50 or so companies have taken advantage of the fact that the SEC tells us that multiple closings are permitted once a company reaches its target offering amount, and so have received funds but have ongoing offerings. We’re talking about modest success so far. Companies are finding it takes a while to raise the funds they are seeking and many offerings are still in progress, so overall success rates are going to go up in time. And several companies have had million-dollar raises. The less-encouraging story in in the area of compliance. By our calculation, by May 1 perhaps 100 companies should have filed annual reports under Form C-AR (all the companies which had filed C-Us by that date and […]
Watch: Jonathan Frutkin, Sara Hanks, Mark Roderick, Brian Korn @ Crowdfunding USA More Videos:
By Mark Robertson CrowdFundBeat Sr. Contributing Editor. President at CrowdDD, LLC, This is an open letter to all real estate sponsors. Investors want better reporting. Concise, short, informative, and easy to read reports. Unfortunately, most sponsors do poor job of communicating results with investors. I have over 50 equity crowdfunding investments and the quality of the quarterly reports varies wildly. The poster child for good reporting is Praxis Capital lead by Brian Burke. They have a one page report with graphs, relevant statistics, and a short write up of the past quarter’s results and commentary. They key features of their report are they inform the investor of the only 3 things investors truly care about. How much is MY distribution? What is the cash on cash return? What is it as a percentage of my investment? How does it compare to your projections for this quarter? The properties performance. Most importantly is the NOI. What is this quarters NOI compared to the projections made by the sponsor at the time of my investment? What is occupancy compared to both last year’s quarter and compared to projections? If actual distributions are below projections or if NOI is below projections, we want to know why. What we […]
By Mark Roderick CrowdFunding Beat Sr. contributing editor and crowdfunding attorney with Flaster/Greenberg PC. Cryptocurrencies are hot. And often the sale of cryptocurrencies is referred to as Crowdfunding. Unfortunately, the use of “cryptocurrencies” and “Crowdfunding” together creates confusion about both, along with some pretty serious legal risks. We use “Crowdfunding” to mean raising money for a business or other venture online. We say “donation-based Crowdfunding” when we’re talking about Kickstarter, where people ask for donations. We say “equity-based Crowdfunding” when we’re talking about raising money from investors, who receive a stock certificate or some other security. A cryptocurrency is, well, hard to pin down. It’s a transaction registered in a distributed, secure database. Because it exists in limited quantities and is secure, it has value. Like anything of value, it can be used as a currency. For purposes of this post, the key feature of a true cryptocurrency is that is has value of itself, like a nugget of gold. You use Crowdfunding to sell shares of stock. Obviously, the paper certificates representing the shares of stock have no value by themselves, they have value only to evidence ownership in the business that issued the certificates or, more exactly, in the cash flow the business is expected to generate. […]
Crowdfund Beat News Wire, Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) is primarily engaged in the re-entry and re-working of existing oil & gas properties. Shares of the energy company are surging 50% on Monday, May 1, 2017. Over the past month, Paradise Ridge Hydrocarbons, Inc. saw average daily volume of 95,129 shares. However, volume of 205,639 shares or dollar volume of $129,552, has already exchanged hands on Monday. Shares of Paradise Ridge Hydrocarbons, Inc. are jumping today, after the company announced it has diversified its business operations through the acquisition of StackCap.com, an equity crowdfunding platform. Furthermore, the company says it will utilize STACKCAP, Inc. to conduct further debt and equity financing services and platforms. Ultimately, the acquisition is scheduled to close on May 31, 2017. Here is the full press release detailing of the acquisition: Paradise Ridge Hydrocarbons, Inc. Press Release: AUSTIN, Texas, May 1, 2017 /PRNewswire/ –Paradise Ridge Hydrocarbons, Inc. (OTC Pink: PRGE) today announced that it has signed a definitive agreement to acquire equity crowdfunding platform stackcap.com owned by STACKCAP, INC. Equity crowdfunding fuels innovation and growth by providing access to capital that can take businesses from ideas to viable products and real jobs. PRGE will […]
By Anum Yoon Crowdfund Beat Guest Editor, The idea of crowdfunding has gained popularity in the past few years. Individuals contributed approximately $880 million in 2010, when the concept was still new and innovative. Today, the practice of crowdfunding generates tens of billions for startup enterprises, budding entrepreneurs and motivated professionals on an annual basis. But the concept behind this relatively new phenomenon isn’t limited to financial investments. Some of the more tech-savvy and energy-conscious leaders of today are now exploring the value of crowdfunding to meet our nation’s growing energy needs. The results are showing tremendous potential to revolutionize the way we look at our utility bills from this point forward. Embracing the Shared Economy Crowdfunding is paving the way for what many experts refer to as a “sharing economy.” Expected to be worth over $300 billion by 2025, the sharing economy provides new opportunities around the world. When applied to energy production and consumption, this amounts to newly built, sustainable energy sources and the establishment of new facilities in remote regions of the world. The Africa Regional Climate Change Programme, a part of the United Nations Environment Programme, or UNEP, points out that more than 60% of Africans […]
Crowdfund Beat News Wire, NextGen Announces Finalists for Crowdfunding Video Awards Season Finale, Recognizing the Year’s Most Creative Campaign Videos NextGen Crowdfunding® – the leading company that helps people explore new types of crowdfunding – announces the finalists for the season finale of the Crowdfunding Video Awards (CVAs). The CVAs is a new online series from NextGen showcasing videos from both rewards-based and investment crowdfunding campaigns featured on Indiegogo, Kickstarter and other leading rewards-based and investment crowdfunding platforms. This innovative show provides entrepreneurs with new ways to promote their companies to supporters and investors. The first season of the CVAs included six preliminary awards shows and will culminate in a final seasonal awards showon Wednesday highlighting the first-place winners from all six rounds of voting. These six campaigns will go head to head to be recognized as one of the top three campaigns from this season and win: First place: $10,000 Second place: $5,000 Third place: $2,500 The finalists include: Limitless Phone Case by Mous (Round One): Will protect your phone from breaking Noria by Noria Home (Round Two): First window air conditioner designed with you in mind FireFlies Audio (Round Three): Truly wireless earbuds Farm from a Box (Round Four): Complete […]
Crowdfund Beat Media Presents: 4th Annual Crowdfunding USA on May 4-5 2017 @ National Press Club Washington, DC. The Important gathering will discuss what’s new on State of Investing and Risk Mitigation through evolving Internet finance space under the label “2017 the Year of 2.0 Equity & SME Finance-Online Lending or Investing- Crowdfunding “Jobs Act” under new congress & President Trump administration” See Conference website & Full Agenda Speakers Early Bird Registration 20% Off Code “CFB17” – click here For Promotional Opportunities, Group Discount, Sponsorship, and how to become a panelist call 1-888-580-6610 or email to firstname.lastname@example.org CF USA AGENDA’s SNAPSHOT SEC – JOBS ACT – Early Investing Family Offices – IRA Trust Rules and Regulations Consideration Rule 506(c) – Title II Tittle III REG D REG CF Definition of accredited investor? Liquidity for the private securities space Redefining Securities Distribution through Crowdfunding Real Estate Crowdfunding Why Hot Real Estate CrowdFunding Is The Next New Frontier? Impact of crowdfunding on real estate finance and deal-making Is Real Estate Crowdfunding Offers An Attractive Alternative For Secure Investments? The Impact of Technology and Internet on Real Estate Crowdfunding Trump to Lift Community Bank Regulations (and what that means for house flippers) Shadow Banking Dodd-Frank: A Republican Congress will likely be looking […]
ATLANTA, GEORGIA GROUNDFLOOR, the first and only U. S. real estate lending platform open to non-accredited investors and IRA Services Trust Company, the leading innovator of hi-tech Self-Directed Individual Retirement Account (SDIRA) solutions, today announced an initiative to maximize the benefits of tax-deferred investing for retail investors. As a result of the collaborative effort, GROUNDFLOOR will immediately begin inviting investors on their platform to fund their accounts directly through their 401(k)s and IRAs. GROUNDFLOOR offers real estate investments with different grades that have a range of risk/reward profiles, offering returns ranging from 5% to over 20% so investors can build a diversified portfolio. In 2016 GROUNDFLOOR delivered loans with an average annualized return of 14.16%.* Compared to 2015, in 2016 loan origination volume in dollars grew by 621%, and the dollar value of principal repaid grew by 588%. Only one of the 108 loans repaid to date has returned less than 100% of the principal due back to GROUNDFLOOR’S investors. At a time when private markets continue to deliver superior returns compared to public markets, most Americans currently saving for retirement can no longer rely solely on traditional stocks, bonds, and mutual funds for growth and yield. At the […]
BY Brock Murray Chief Executive Officer katipult.com, CROWDFUNDING BEAT GUEST POST. Private capital markets are plagued with compliance requirements and operational inefficiencies, and software can eliminate many of the pain points from deal administration to investor reporting. For this reason traditional finance firms are looking at investment crowdfunding, peer to peer lending, and investor management solutions to stay relevant within this industry among the upstart Fintech (FInancial Technology) players. In order to be successful, it’s pertinent to avoid the following pitfalls that often leave teams frustrated, sidetracked, and wondering what went wrong: Insufficient Preparation. Many firms, uneducated and uninformed, don’t prepare appropriately and assume everything will work just like it did for the industry leaders. Critically thinking through the platform requirements, validating/invalidating assumptions, and having a detailed and prioritized roadmap will create efficiencies in the long run, despite initial delays. Underestimating Resources. Moving operations online isn’t easy. Your technology is crucial for success. While there are compliant software products available that have the core functionality your firm needs, there will likely be configuration requirements or modifications. Launching the platform is 50% of the battle, having it successfully implemented and adopted by your stakeholders is the other 50%. Unrealistic Expectations. Approach […]
See the Press Release NASAA President Mike Rothman (L) and SEC Acting Chairman Michael Piwowar sign MOU.
National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of... Read More
Like to Be, an online networking platform connecting students with professionals for impartial, real world, careers advice, is currently seeking to raise 150,000 through equity crowdfunding platform Seedrs. Founded in 2016, Like to Be was founded by polar explorer, Antony Jinman, who has been visiting... Read More
The post Ed Tech Platform Like to Be Seeks £150,000 on Seedrs to Expanding Networking Platform appeared first on Crowdfund Insider.
BrewDog has scheduled the “BrewDog USA Open Day” set to take place from 12PM to 8PM on August 27th. The festivities kick off a day after the BrewDog Equity Punk Annual General Meeting (AGM) – for shareholders. Tickets which are pretty reasonable at $7.87 are... Read More
The post BrewDog Schedules Official Kick Off Party in Columbus, Crowdfunding Offer to Close Next Week appeared first on Crowdfund Insider.
With its equity crowdfunding campaign on Crowdcube set to close on Tuesday, milkshake company Canny has successfully secured its initial 100,000 funding target thanks to more than 300 investors. Established in 2015, Canny notably sells natural and low sugar milkshakes that are now listed to... Read More
The post Low Sugar Milkshake Brand Canny Overfunds During the Final Week on Crowdcube appeared first on Crowdfund Insider.
Deloitte has recently released a report concerned with how finance will look in the years to come, titled “Crunch time – Future of Finance in a Digital World: An Indian Perspective.” In this report, Deloitte takes into account how rapidly digital adoption has improved within... Read More
The post Deloitte Looks into the Crystal Ball, Reveals the Future of Finance in India appeared first on Crowdfund Insider.
On Friday, Canadian fintech firm MOBI724 (CSE:MOS)(MOS.CN)(CNSX:MOS)(MOBIF) announced it has filed and received receipt for its final prospectus, qualifies the 29,538,203 common shares of the company and 14,769,101 common share purchase warrants issuable upon the exercise of the 29,538,203 special warrants that were previously issued by... Read More
The post Fintech Firm MOBI724 Files & Receives Receipt For Final Prospectus appeared first on Crowdfund Insider.
Borrowell, a Canadian Fintech firm that provides a safe way for Canadians to obtain three and five year fixed-rate loans at low interest, has raised $57 million in Series A funding round. The capital infusion included $12 million in equity and $45 million in a new credit... Read More
The post Canadian Fintech Borrowell Raises $57 Million in Series A appeared first on Crowdfund Insider.
Pan-European marketplace for savings products, Raisin has become the poster child of Fintech disruption as it managed to convince 75,000 investors to put more than €3 billion into savings accounts held at foreign banks. We spoke with Tamaz Georgadze, co-founder and CEO, who explained to... Read More
Today the Faster Payments Task Force, created by the Federal Reserve, released its final report along with their recommendations on what needs to be accomplished to bring the US up to date in the payments space. Anybody engaged in the payments sector understands that the US... Read More
The post Financial Innovation Now Lauds Payment Task Force Report, Asks Congress to Move Forward (Faster) appeared first on Crowdfund Insider.
Swedish Fintech company Klarna Bank announced on Friday it received a strategic equity investment from Permira, a global investment firm that advises funds and accounts with a total committed capital of circa €32 billion. According to Klarna, the investment partnership will acquire shares from existing... Read More
The post Swedish Fintech Firm Klarna Receives Strategic Equity Investment From Permira appeared first on Crowdfund Insider.