News Briefing - Crowdfunding, SME And Alternative Finance

many hands in a circle

1.UK – Equity, EIS / SEIS 

GB Investments offers a review of the EIS and SEIS schemes, complete with worked examples.

 

2. US – FinTech

 

Crowdfund Insider reports:

“Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC) are supporting a new token reward system developed by the Enterprise Ethereum Alliance (EEA), a standards organization that creates open, blockchain specifications that enhance interoperability for businesses.

The EEA is one of the world’s largest blockchain consortiums with more than 450 enterprise business members including Accenture, Cisco, JPMorgan Chase, ING, Intel, Microsoft, and Santander.

EEA’s newly developed token will incentivize and reward businesses that are actively involved in a consortium.”

 

3. International – FinTech

 

FinSMEs predicts a cashless society in South-East Asia, the rise of AI, and increasing focus on security.

 

4. International – AltFi

Silicon Canals reports:

“European venture capital funding is skyrocketing and has reached a milestone in the most recent quarter. As per a new study by Dealroom, European startups (excluding Israel) have raised €8.7 billion, which is a 44% increase as compared to the same period last year. However, it did not surpass the funding raised by the European startups in the second quarter of the year, which is a record high of €9.3 billion.

Among the investment raised by European startups, a majority has been obtained by companies in the UK, Germany, and France. And, the overall funding raised by the companies this year so far is already all set surpass the €28 billion raised back in 2018 and we have a quarter left.

Having said that, here we list the 10 largest rounds in Europe in Q3 2019 as sourced from Dealroom.”

5. International – AltFi

AltFi reports:

“Partnerships increasingly are a meaningful trend in fintech and two of the most active partnership-pros have...launched a partnership.,

Users of open banking platform Yolt, in the UK, France and Italy, can now apply for a Raisin savings account accessing a wide range of deposit products, select from competitive Raisin offers and see their deposits, directly within the app. 

Yolt’s Chief Marketing Officer Cristel Lee Leed said: “Our latest partnership with Raisin will benefit our Yolt community of users, giving them access to savings products with competitive interest rates – empowering them to do more with their finances.”

Raisin has more than 500 deposit offers from 82 partner banks across Europe.”