Europe bangs the crowdfunding drum

Europe bangs the crowdfunding drum

Who would have thought it? The European Commission has just published a remarkable policy paper extolling the virtues of crowdfunding as a great way to finance small companies and stimulate growth. Indeed, the Brussels policy wonks are so gaga over the power of this means of alternative finance to transform economies that they call their communiqué Unleashing The Potential of Crowdfunding in the European Union. The EC paper, which was presented...

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What is the outlook for crowdfunding? And what does this mean for banks?

What is the outlook for crowdfunding? And what does this mean for banks?

The trend is growing rapidly, driven by the advantages of this financing method in terms of transparency and proximity. In 2013, the amount raised will likely double to USD 5 billion, according to a study by US firm Massolution. In France, crowdfunding is still limited by strict regulations that require participatory investment websites to be able to demonstrate considerable financial resources, among other things. Nonetheless, the amounts...

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UK Crowdfunding association comments on Chancellor's statement

UK Crowdfunding association comments on Chancellor's statement

We were delighted to read the details of the Chancellor’s statement extending ISA eligibility to peer to peer and peer to business loans, and committing to exploring the inclusion of bonds offered via crowdfunding platforms.   This comes less than a week after the FCA published their new rules on both investment and loan based crowdfunding, and is a further sign that the industry is coming of age.   The UK Crowdfunding Association...

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UK Crowdfunding Association's response to FCA policy statement

UK Crowdfunding Association's response to FCA policy statement

06.03.14 1200hrs RESPONSE TO FCA ANNOUNCEMENT ON CROWDFUNDING REGULATIONS We welcome today’s announcement, and the clarity it gives on how different forms of crowdfunding will be regulated from April this year. We are pleased that rewards based crowdfunding and community raises remain outside of regulation. Equity investments in early stage businesses are open to all, and the FCA have provided further clarity that the initial 10% cap...

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