News Briefing - Crowdfunding, SME And Alternative Finance

crowdfunding means sharing, competing, diversity and democracy

1. UK - IFISA

The Innovative Finance ISA (IFISA) is now a firm favourite in retail investors' portfolios, and cash ISAs are feeling the loss.

Bridging Loan Directory cites the Assetz Capital  Q3 Investor Barometer, which shows Cash ISAs had dropped from 52% in Q1 to 17% six months later.   The popular accounts now are IFISAs at 37% and stocks and sares ISAs at 44%.

News Briefing - Crowdfunding, SME And Alternative Finance

A crowd in the city looking for opportunity

1. UK - Equity

99home, an online estate agent that covers property sales and lettings, has rapidly surpassed its initial target of £295,000 on Crowdcube. The equity raise will remain open for the rest of November.

According to Crowdfund Insider,99home launched in July 2017 and is now the eighth largest hybrid and online estate agent in the UK. Funds from the Crowdcube round will be used to expand in marketing, customer service, AI and IT systems, and in engaging more agents across the UK. 

News Briefing - Crowdfunding, SME And Alternative Finance

London's financial district, pulsing with money and technology, photographed from the air

1. UK - Equity

Canary Wharf's TransferGo, a digital remittance company that allows money to be sent around te world, has listed on Seedrs as part of an  €11.5 million equity funding round. One of the fastest growing money transfer companies in europe, TransferGo campaign has €10.5 million of previously committed capital and has set itself a minimum target of €1 million to be raised through equity crowdfunding.

News Briefing - Crowdfunding, SME And Alternative Finance

crowd investment: talk to others, think for yourself

1. UK - SME Lending

A parliamentary committee has been investigating the SME financing in the UK, and they are not impressed by what they've found.

Nicky Morgan (Conservative MP for Loughborough, and chair of the committee) says that a “regulatory black hole” has contributed to poor treatment of many small businesses, and it needs to be filled to prevent more “scandalous” behaviour by banks.

The investigation was partially prompted by concerns about how Royal Bank of Scotland and HBOS treated small-business customers.

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