News Briefing - Crowdfunding, SME And Alternative Finance

The Phundee team, smiling, and working hard.

1. UK – FinTech

Realwire reports the launch of a “new charitable crowdfunding platform that believes it has the answer to many of the financial barriers faced by consumers who want to support charities. Give Bytes (www.givebytes.com) is the first crypto mining, crowdfunding platform that allows anyone with access to a computer, to donate a portion of their unused computing power to support a validated fundraising campaign of their choice, regardless of financial circumstances. Thanks to the power of blockchain technology, Give Bytes allows individuals to donate the excess power produced by their computer to ‘mine’ cryptocurrency (a digital currency that can be converted into funds) at the click of a button.”

Read the coverage of Give Bytes on Realwire.  

 

2. UK – P2P

Peer-to-Peer Finance News reports a milestone for a property-backed specialist:

“CrowwdProperty has passed the £25m lending milestone on its platform after funding its 56th project.

The peer-to-peer property development lender said more than 6,000 investors have now helped develop 451 homes worth almost £70m in the UK, with its loanbook standing at £25.25m.

“Our continued rapid growth is testament to the pains we are solving for lenders, borrowers and the wider need for housing supply in the UK,” Mike Bristow (pictured), chief executive of CrowdProperty, said.

“Since 2014 we have relentlessly focused on solving these pains by building deep expertise-led, tech-enabled robust systems, processes and value chain disruption to highly efficiently and highly effectively match and secure the supply and demand of capital.”

CrowdProperty loanbook hits £25m

3. International – P2P

 

What can European P2P platforms offer to UK investors?

“The UK may boast one of the largest peer-to-peer lending markets in the world, but European P2P lenders are starting to catch up.

Over the past year, the European P2P market has reached a number of significant milestones. In June, Portugal’s Raize became the first European P2P platform to go public, with a listing on the Portuguese stock exchange. This was swiftly followed by the Fellow Finance initial public offering (IPO) in Finland.

This growth is likely to continue, as the European P2P market attracts more and more investors, including some from the UK. Latvia-based platform TWINO said that at the start of 2018, 11.5 per cent of its loan volume came from UK lending, while its UK investors have the largest average portfolio size.”

Read more about this story in Peer-to-Peer Finance News.

 

4. International – AltFi

Crowdfundinsider reports: “The Monetary Authority of Singapore has announced a $5 billion program where the money is placed with private equity and infrastructure fund managers. The announcement was made during the weeklong Singapore Fintech Festival – an event that attracts tens of thousands of attendees each year. The Festival is said to attract USD $12 billion of capital for ASEAN enterprises.

This initiative expects to support the growth of Asian enterprises and the infrastructure financing market.  The US$5 billion private markets program (PMP) builds on MAS’ current external fund manager program, which has helped to anchor global asset managers in the public markets space. Under the PMP, MAS will fund PE and infrastructure fund managers who are committed to either deepening their existing presence or establishing a significant presence in Singapore.”