Israel-based crowdfunding platform OurCrowd has reportedly formed a new partnership with UK-based investment firm, Oxx. According to The Times of Israel, the new partnership will allow OurCrowd to invest in portfolio companies as they move to the growth stage. The collaboration will also provide Oxx’s investors and portfolio companies access to OurCrowd’s invest network, which is available in 110 countries throughout the world. (more…)
By Hannah Murphy for Financial Times
Banking app Monzo is planning to launch one of the UK’s largest crowdfunding efforts next year to give customers in the fast-growing bank what it calls “a greater share of ownership”. Tom Blomfield, chief executive, said the start-up, which raised £71m in a private equity fundraising earlier this month, intends to make a further cash call of between £10m and £30m in 2018. (more…)
Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore and a planned expansion in the UK. OurCrowd headquarters are located in Jerusalem. (more…)
By JD Alois for CWI
RealtyMogul.com has filed a new Form 1-A indicating its intent to launch a second MogulREIT using the Reg A+ securities exemption. MogulREIT II intends on raising up to $50 million to invest in multi-family residences targeting a millenial consumer, according to the current Offering Circular. (more…)
By Samantha Hurst for Crowdfund Insider,
London-based fintech company, PayBreak, announced it raised £24.5 million during its latest fundraising round. According to the company, the round was supported by existing shareholders and saw new investors as well. Speaking about the round, managing director of PayBreak, Julia Throop stated: (more…)
OurCrowd Sets Up Tech Incubator in Israel with the Backing of Motorola, Reliance Industries & Yissum
OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem. (more…)
OurCrowd, one of the largest equity crowdfunding platforms in the world, has formed an interesting partnership with The National Bank of Australia (NAB). The crowdfunding platform will now provide NAB clients with direct access to early stage investments listed on the OurCrowd site. This is a first of its kind relationship as OurCrowd will gain a new pipeline of investors and NAB will gain access to compelling, global investments.
The Australian government has been aggressively pursuing financial innovation and OurCrowd has been a leader from day one in the equity crowdfunding space. The collaboration appears to be a solid fit between the two entities. To date, OurCrowd has raised over $440 million from more than 20,000 investors around the world. Smaller (accredited) investors can participate alongside some of the biggest names in venture capital and angel investors. OurCrowd has had thirteen exits to date including two IPO’s and eleven acquisitions.
The announcement was made by OurCrowd CEO Jon Medved at the Australia-Israel Chamber of Commerce Women Leaders Delegation in Israel. Executive General Manager NAB Private, Christine Yates, one of the delegates, described the collaboration as another example of NAB deepening its relationship with its clients and offering innovative solutions for a changing environment.
“We know that our clients are looking globally for investment opportunities, and OurCrowd is an established global platform which offers a full service end-to-end solution,” commented Yates. “Technology is changing the way we do business and this shows how banks need to think differently when it comes to servicing their clients. Our NAB clients will have access not available outside this collaboration.”
OurCrowd entered the Australian market in 2014 and has positioned itself as a leading provider to the local market of global alternative investment opportunities. Managing Director of OurCrowd Australia and Asia, Dan Bennett, said the collaboration provides NAB private clients a high quality globally focused product with particular scope in USA, Israel and Asia-Pacific.
“We are excited about this venture with one of Australia’s leading Private Banks and sharing the very best of global technology investment with their deeply valued clients,” he said.
NAB is a top 30 global bank and Australia’s leading business bank and employs over 34,000 people. NAB serves individuals and business customers ranging from small and medium enterprises through to Australia’s largest institutions. Outside of Australia, NAB also supports businesses across New Zealand, Asia, the UK and the US to link with the Australian market.
By Manny Lee for TechNode
TechCrunch Shenzhen is working with Taobao Crowdfunding to help startups find a smoother way to the market. (more…)
Crowdfunding site KitaBisa takes down campaign after campaigner used fund to buy iPhone 7, Toyota Fortuner
The campaign on KitaBisa platform was meant to fund a shelter for homeless senior citizens, but netizens questioned its transparency (more…)
For those looking to diversify out of the stock market and into asset-backed or alternative investments, real estate has long been a popular choice. In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Recently, however, we seen successful startups looking to lower the barrier to entry for novice real estate investors. (more…)
Mettrr Technologies has become the first company to provide financial returns for its crowd investors through a secondary share sale via a crowdfunding platform. (more…)
Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. (more…)
By Samburaj Das for Cryptocurrency news
Britain’s endeavor to cement itself as the global Fintech hub is extending to Islamic finance as a London-based Sharia-compliant FinTech startup gains regulatory approval. (more…)
Real estate crowdfunding continues to be a dynamic and ever-evolving industry, growing to an estimated $3.5 billion in 2016. By 2025, the crowdfunding industry as a whole is anticipated to be valued at more than $300 billion and online real estate marketplaces are primed to capitalize on that explosive growth. (more…)
By Elena Mesropyan for LTP
“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)
By Anisa Menur A. Maulani for e27
Australian Stock Exchange (ASX)-listed startup CoAssets today announced that it has made a RMB1 million (US$145,000) strategic investment in Fujian-based crowdfunding startup Da Xian Bing, for 10 per cent of the company, with 60 per cent to be recouped from CoAssets’ joint venture partner Fujian Yaosheng. (more…)