We highlight the week’s top crowdfunding news from around the globe that you may have missed. This week: a platform for development launches; the state of equity crowdfunding; equity crowdfunding platform Crowdo launches in Malaysia; and more.
- Can a new web platform help facilitate blended finance deals? | Devex
Convergence, a new platform launched on Wednesday at the World Economic Forum, hopes to connect public and private sector investors with development projects in emerging markets. The platform launched with the support of Citi and the Bill & Melinda Gates Foundation, which should help the site gain some early traction.
- Crowdfunding platform Ketto in talks to raise $5 million | India Times
Ketto, one of the leading crowdfunding platforms in India (and one we featured in our September report), is in talks to raise $5m, according to the co-founder Varun Sheth. The platform has already introduced innovative features like its cash pickup payment option, and this latest round of funding should help it to continue to grow.
- Crowdo Announces Official Launch of Equity Crowdfunding Platform in Malaysia | Crowdfund Insider
Malaysia is one of the leading players in equity crowdfunding in the developing world (you can read more about it in our latest Annual report), and Crowdo was approved last year as one of the first six equity crowdfunding platforms in the country. The platform already has 20,000 investors registered on its platform, and aims to operate across Asia in the near future.
- FCA proposes more flexibility for crowdfunding platforms | Reuters
The UK’s Financial Conduct Authority is considering giving P2P lenders more flexibility in how the platforms make use of the money they receive from the crowd. Currently, crowd investor money must be kept separate from a firm’s own money and from its unregulated lending to businesses. The FCA is considering “to allow firms that hold money in relation to both P2P and B2B agreements to be able to elect to hold both kinds… if they wish to do so.”
- Financial crowdfunding in 2016: What it’s achieved and where it’s going | Finance Magnates
Jeffrey Levine, a fintech and crowdfunding expert, writes about some of the biggest 2015 developments in the equity- and debt-based crowdfunding space. He notes that real estate crowdfunding can see big growth in 2016, and says that quality is key for the fledgling industry.
Check back next week for more crowdfunding news!