May 2014

Watchdog fears it is scaring off City innovators

by Tim Wallace May 30, 2014, 2:02am INVENTORS creating new finance technology will be welcomed into the City watchdog to find out how regulations can be made to work for them, Financial Conduct Authority (FCA) chief executive Martin Wheatley said yesterday. He has spent the last year setting up...

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Crowdfunding in Scotland

Crowdfunding bars, bees, booze and cures By Steven McKenzie BBC Scotland Highlands and Islands reporter According to those involved, it is something that is becoming increasingly popular with entrepreneurs and the public. In Scotland, crowdfunding has helped to reopen a closed-down bar in Thurso, fund a beehive business in...

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The AltFiNews Letter

Welcome to the AltFiNews Letter! The major news this past week has been the mounting excitement over an SME referral system that now appears to be on the cusp of realization. It’s believed that the legislation forcing banks to refer businesses that they reject for loans...

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Richard Branson: I would have turned to crowd funding

Richard Branson: I would have turned to crowdfunding Billionaire entrepreneur says crowdfunding has shifted the balance of power away from banks and private equity houses Sir Richard Branson - Age of Energy: The Green Economy Sir Richard invested in Indiegogo alongside PayPal co-founder Max Levchin, Yahoo! chairman Maynard...

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Financing with the Crowd: Indiegogo, Seedrs and Wayra Give Their Two Cents

Financing with the Crowd: Indiegogo, Seedrs and Wayra Give Their Two Cents – Part I
ELENA RUECKERT 2014-05-23 0

This week the word “crowdfunding” was added to the Merriam-Webster’s Collegiate Dictionary. Indeed, “the practice of soliciting financial contributions from a large number of people especially from the online community” has been growing significantly in popularity – especially among European startups who are looking for pre-seed or seed funding.

Here is how Jeff Lynn, CEO of equity crowdfunding platform Seedrs, sees the future of crowdfunding: “I think in Europe broadly and Germany specifically, it is going to continue to grow very significantly. I think one thing to remember in terms of crowdfunding is that, while it is still in its early days and people see it as this new thing, in ten years time it will be like e-commerce. Nobody really says e-commerce anymore. It is just commerce.”