Fintech, P2P, Alternative Finance, ICO, Crowdsale and Crowdfunding Opportunities for Investors, Companies and Online Financing Platforms

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TORONTO EVENT NOV 16 (3-6pm)

Crowdfunding + Blockchain = ICOs in Focus

Early Bird Registration NOW OPEN!


Weekly News Rundown:

Bloomberg | By Natalie Wong | Sept 22, 2017 New guidance for issuing digital currencies in Canada may make them safer for investors but they’ve also prompted one company to shun its home country as it kicks off one of the largest initial coin offerings to date. The experience of Impak Finance Inc., which launched Canada’s first ICO with regulatory blessing this year, and Kik Interactive Inc., which decided to exclude the country’s investors from its planned $125 million offering, underscores the difficulty for countries grappling with a $2 billion market that’s been a magnet for fraud while trying to nurture financial innovation. See: Impak Finance ICO Planned For Launch Aug 21 Canadian regulators said in August that ICOs -- companies that raise funds by issuing their own cryptocurrency -- may be considered securities, requiring them to comply with a raft of rules, including ensuring the identity checks of their investors. At the same time, the Canadian Securities Administrators, which represent provincial regulators, have created a “sandbox” that provides firms relief from securities laws for a limited time under certain conditions, to test new ways of raising capital. Impak, which launched its ICO in August, says going through regulators may have lost the company ...
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Canadian Regulatory 'Sandbox' Seeks to Avoid Crypto Coin Quicksand
BCSC  | Sep 21, 2017 Vancouver – The British Columbia Securities Commission (BCSC) today announced improvements to crowdfunding rules that will enable B.C.-based issuers to access investors in Alberta when conducting crowdfunding campaigns. The amendments also permit an increased investment, for some investors, of up to $5,000. “With these amendments, B.C. is harmonizing the crowdfunding regime and providing start-up and early stage issuers with access to more potential investors and more investment dollars,” said Peter Brady, Executive Director of the BCSC. “The BCSC consults extensively with B.C. technology industry businesses and stakeholders, and we’re proud that those consultations are yielding real results.” The BCSC’s Tech Team recommended the amendments to B.C. Instrument 45-535 Start-up Crowdfunding Registration and Prospectus Exemptions (BCI 45-535) following stakeholder consultations and after reviewing the results of the BCSC’s 2017 Tech Survey. The BCSC launched the survey in January 2017 to engage with technology industry stakeholders and businesses and learn what challenges and opportunities the sector currently faces. See:  B.C. Securities Commission grants landmark bitcoin investment fund manager registration BCSC Seeking Input from BC Fintech and Tech Firms Survey respondents who were involved in crowdfunding identified harmonization across jurisdictions as one of their biggest concerns. The new ...
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Changes to start-up crowdfunding exemption will increase access to capital for B.C. issuers
NCFA Guest Post | Sep 21, 2017 In recent months, traders and investors alike have shunned traditional financial instruments in stocks, commodities, indices and currencies, and have switched their focus to cryptocurrency. The meteoric rise in Bitcoin, Ethereum, Litecoin and other Altcoin options is unprecedented. Consider that at the start of 2017, BTC was trading at $997.69 per unit, and it appreciated as high as $4,950.72 on 1 September 2017 (it briefly spiked above $5,000 per unit) before retreating to its current level of $3,567.59 per Bitcoin. The rapid appreciation in Bitcoin is not limited to this premier digital currency. Other popular options include Ethereum which has appreciated dramatically for the year to date. On 1 January 2017, Ethereum was priced around $8.31 per unit, and it spiked to $392.54 on June 14, 2017, and subsequently declined before climbing again to $380.72 on 30 August 2017. By mid-September, digital currencies retreated further as tensions with North Korea subsided, and various countries have indicated their reluctance to authorize ICOs on markets. Recently, the Financial Conduct Authority (FCA) of the UK cautioned against initial coin offerings, for fear that they are a get-reach-quick-scheme for the companies offering these digital tokens to the ...
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Can Canadian Banks Survive the Latest Onslaught?
Crowdfund Insider | JD Alois | Sep 14, 2017 This week the Australian Parliament introduced new legislation that will extend crowdfunding or “crowdsourced equity funding” (as the Aussies call it) to private companies. This is an important fix that will create a far more robust and equitable crowdfunding ecosystem in Australia. Earlier this year, Australia finally got around to crafting more workable rules with an unfortunate gap in the law. The final bill included a glaring omission: smaller, private companies – representing the vast majority of all businesses in Australia were not allowed to crowdfund. Instead, the legislation only applied to unlisted public companies thus disallowing the majority of SMEs and startups to leverage the new rules. Of course, a bit of an uproar ensued. In fact Ed Husic, an MP from the opposition Labor Party, slammed both the bill and industry representatives at that time – including FinTech Australia. Representatives from FinTech Australia quickly fired back saying they “strongly support the legislation being extended to private companies.” In May of this year, draft legislation cropped up with language to allow private companies to equally enjoy the new form of access to capital, encouraging the young industry. The addition of private companies ...
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Australia to Fix Gap in Crowdfunding Regulations as Private Companies May Gain Eligibility in New Legislation
Marketwired | Darcy Bomford | Sep 20, 2017 SEATTLE, WA--(Marketwired - Sep 20, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article examining True Leaf Medicine International Ltd. (CSE: MJ) (CNSX: MJ) (MJ.CN) (OTCQB: TRLFF) and its pending Regulation A+ public offering that is giving anyone the opportunity to invest in hemp and cannabis products that will be fully legal in both the U.S. and Canada. True Leaf's mission is to create safe, natural cannabis based products that enhance the quality of life for both people and pets. The company already has pet products in the market, and is in the final stages of Canadian approval to grow and sell legal cannabis. "This is a truly unique opportunity for investors to own a piece of a company that produces and distributes cannabis products that are fully legal right now across North America," says True Leaf CEO and Founder Darcy Bomford. "We're excited about this opportunity -and we're excited about the future of True Leaf in the cannabis space." Two True Leaf Divisions True Leaf Pet Americans will spend nearly $70 billion on their pets this ...
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True Leaf: Crowdfunding Legal Cannabis Products Across North America
The Globe and Mail | Tami Chappell/REUTERS | Sep 19, 2017 Equifax Canada said Tuesday approximately 100,000 Canadian consumers may have had their personal information and credit card details compromised in a massive cyberattack that also affected 143 million Americans, as the U.S. parent company revealed it also had a separate data breach this year. "We apologize to Canadian consumers who have been impacted by this incident," Lisa Nelson, president and general manager of Equifax Canada, said in a statement. "We understand it has also been frustrating that Equifax Canada has been unable to provide clarity on who was impacted until the investigation is complete." See:  How fintech companies are trying to make cryptocurrency investments safer Equifax announced on Sept. 7 that it discovered a data breach in July that may have compromised the personal information of 143 million Americans and an undisclosed number of Canadian and U.K. residents. But the company, which collects data about consumers' credit histories and provides credit checks to a variety of companies, had been tight-lipped about the impact of the cyberattack in Canada. Canada's privacy watchdog announced last Friday that it was probing the data breach. The Canadian division said Tuesday an investigation is ...
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Equifax says up to 100,000 Canadians affected by cyberattack
FinancialPost | By John Lorinc | Sept. 19, 2017 When the Bank of Canada and payments giant Moneris last spring threw cold water on a blockchain trial as a potential clearance system, Canadian startups could have been forgiven for feeling deflated. But Canadian blockchain entrepreneurs might have cause for renewed optimism with the emergence of potential applications in a range of industries – beyond such cryptocurrencies as Bitcoin — as well as new investment vehicles. In late August, blockchain guru Alex Tapscott told Bloomberg that NextBlock Global Ltd., a blockchain-directed venture capital fund, plans to raise $50 million in an IPO on the Toronto Stock Exchange later this fall. Meanwhile, four Canadian blockchain industry groups in June applied to the federal government for funding to establish a “supercluster” that would finance new R&D and attract startups. See: Blockchain Will Disrupt Every Industry While Bitcoin is almost a decade old, there’s been a surge this year in the issuance of new cryptocurrencies, including one in August by Montreal-based Impak Finance, according to Coin Market Cap data, which estimates there are over 800 in circulation now. Much of this activity depends heavily on the maturation of blockchain technology and platforms, such as Switzerland-based ...
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Beyond cryptocurrency: There are new blockchain opportunities for SMBs
Nikkei Asian Review | Motonao Uesugi and Kohi Okuda | Sep 17, 2017 Envisioned answer to Apple Pay and Alipay would only be as wild as yen TOKYO -- Dozens of Japanese banks are uniting behind a new digital currency they call J Coin, looking to fend off global e-payment players and amass a treasure-trove of consumer data.  The consortium includes megabank Mizuho Financial Group and Japan Post Bank, as well as numerous regional banks. Together, they have established a company to handle J Coin. And although the name might bring to mind that other much-hyped virtual currency, this one would be free of bitcoin's famous volatility. J Coin would be no more erratic than the yen, since its value would mirror the Japanese currency. The banks intend to use the new currency to offer electronic payments, plus other services like commission-free remittances. They hope to counter the growing e-payments services of international tech giants like Alibaba Group Holding and Apple. There is a possibility Japan's other big banks could join the group, creating a massive coalition. J Coin is expected to be up and running by 2020. Big data, big prize The banks foresee a system under which yen could be withdrawn from a ...
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J Coin: Japanese banks' virtual currency without the volatility
TechCrunch | John Biggs (@johnbiggs) | Sep 18, 2017 The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers. Buterin separates the world into two kinds of people. “There’s the average person who’s already heard of bitcoin and the average person who hasn’t,” he said. His project itself builds upon that notion by adding more utility to the blockchain, thereby creating something everyone will want to hear about. “Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications,” he said. “A good blockchain application is something that needs decentralization and some kind of shared memory.” That’s what he’s building and hopes others will build on the Ethereum network. New Frontiers in Capital Innovation:  ICOs Nov 16, Toronto (Early registration now open) Right now the network is a bit too slow for most mainstream applications. “Bitcoin is ...
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Ethereum will match Visa in scale in a ‘couple of years’ says founder
The Australian Financial Review | By Michael Bailey | Sept 17, 2017 The legalization of equity crowdfunding has met with enthusiasm from those hoping to raise money with it, but financial planners say it will be years before it is taken seriously by investors. Leading advisers contacted by The Australian Financial Review said no clients had approached them in relation to the new crowdsourced equity funding legislation, which was introduced by Treasurer Scott Morrison on Thursday. With Industry Minister Arthur Sinodinos set to open The Australian Financial Review Innovation Summit in Sydney on Tuesday, the government is hoping equity crowdfunding will help bring start-ups and innovation closer to the average Australian, and boost support for the "ideas boom" agenda blamed for nearly losing it the 2016 election. See: Australia: Minister Kelly O'dwyer Details Equity Crowdfunding Laws Once the legislation passes the Senate with opposition support as expected, all proprietary and unlisted public companies with an annual turnover or gross assets of up to $25 million will be able to advertise their business plans on licensed crowdfunding portals and raise up to $5 million a year to carry them out. Investors can put as little as $50 and up to $10,000 a ...
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Equity crowdfunding a slow burn, advisers say

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Thanks for another AWESOME Sold Out Capacity Crowd!

2017 'Fintech & Funding'Networking Event (Jun 22 @Spoke Club)

Check out the Photos

Check out 'Fintech & Funding' Event Page


SURVEY CLOSED :  Thanks for participating in our annual benchmarking of Canadian Alternative Finance Crowdfunding markets to inform all stakeholders on market activity and company and investor sentiment.  Results will be published in the 2017 annual report later this year...

For funding platforms, companies and investors:

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Fintech and alternative finance survey

Learn more about this Important Survey...

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3rd Annual CCS2017 'Fintech & Funding' Conference

A Great Success!  Thanks for everyone's support! 

Conference Wrap-up

Photo Album

Video Highlight Reel

Website:  Crowdfundingsummit.ca


2016 Alternative Finance Crowdfunding in Canada Industry Report:  (Published Dec 2016)

Download the Free Report Now!

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[Breaking Oct 24, 2016]:  OSC Unveils LaunchPad, a First in Canada

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Thanks to all partners, organizers, attendees and volunteers for making the 2nd Annual VanFUNDING Fintech Crowdfunding Conference a Success!

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View Press Release

View Presentation Decks (Slideshare)

View Photo Album

View Event Wrap-up

View Pitching Showcase Winners


[Breaking News]:  Sep 27, 2016

OSC to launch fintech hub to help companies navigate and possibly ‘tailor’ regulatory framework


June 9, 2016:  Rapid fire Crowdfunding Opps for Advisors

Thanks to the DMZ and Trinity Compliance Partners!

Regulators providing Guidelines on How to Register as a Funding Portal (more photos)

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Jun 1:  Summer Officially 'Kicked Off' !

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NCFA Fintech Crowdfunding Community 2016


 

Call to Action:  Lifting the Veil on P2P Lending in Canada

Open letter P2P lending


 

THANKS TO ALL PARTICIPANTS

For making CCS2016 another SELL OUT SUCCESS! 

View event wrap-up

View the full photo album

View the Highlights Video

View Hon. Charles Sousa's Opening Speech

CCS2016 - March 3 2nd Annual Canadian Crowdfunding Summit

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*Important for Canadian platforms or portals servicing Canadian markets

(Deadline Ended)

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Thanks YYC for a SOLD OUT Calgary Crowdfunding Bootcamp on Dec. 3!

(View Photos)

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[Breaking News]: Ontario publishes final Crowdfunding rules to come in force Jan 25, 2016

OSC 3Nov 5, 2015, Toronto – The securities regulatory authorities in Manitoba, Ontario, Québec, New Brunswick and Nova Scotia (collectively, the participating jurisdictions) today published in final form Multilateral Instrument 45-108 Crowdfunding, which introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals.

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Open letter to PM-designate Trudeau


Canadian Alternative Finance Platforms Encouraged to Participate!

Learn more about:  Cambridge-Chicago University 2015 Americas Benchmarking Survey...

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Get VanFUNDED Sep 29!  (Equity, Debt, Rewards and Fintech)

Thanks Vancouver for the SOLD OUT event!  (View photos)

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THANK YOU for participating in another successful event!  (view images)

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MPP, Hon. Brad Duguid Officially Opens the Inaugural 2015 Canadian Crowdfunding Summit on March 3, 2015 at MaRS Discovery to a sell out crowd. 

Checkout:  Video Recap | Storify | Sessions & Decks | Post-Event Infographic

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[Breaking News]: Six Canadian securities regulators to adopt start-up crowdfunding exemptions

May 14, 2015:  thumbs upThe securities regulators of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the "participating jurisdictions") today announced they have implemented, or expect to implement, registration and prospectus exemptions that will allow start-ups and early‑stage companies to raise capital through crowdfunding in these jurisdictions, subject to certain conditions.

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Check out our May 28 Networking Crowd & Rooftop Venue!

May 28 Summer Kickoff Networking

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CF2015 Industry Report

GET the 2015 Massolution Global Industry Report --> Now

 NCFA Members Get 25% Discount Code = NCFAC100

Report Forecasts Total Global Crowdfunding to Reach $34.4 Billion in 2015

North America Remaining the Largest Market and Asia, Outpacing Europe in 2014, in Second Place

After collecting data on 1,250 active crowdfunding platforms (CFPs) worldwide and undertaking significant further research, the results reveal that CFPs raised $16.2 billion in 2014, a 167% increase over the $6.1 billion raised in 2013. North America still accounts for the largest market but 2014 saw Asia overtake Europe, by a small margin. With exponential growth in Asia, Massolution forecasts this lead will increase significantly in 2015 with the delta between Asia and Europe increasing to over $4 Billion. We predict that Europe’s 20.1% of market share in 2014 will decline slightly in 2015 when Europe will account for 18.8% of the worldwide market.

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2016 Canadian Crowdfunding Directory

Last Revised:  Aug 10, 2016
This is an ever evolving and growing directory of active (or beta) Canadian Crowdfunding platforms, alternative finance funding portals and service providers.  To request to be listed in the directory please email us directly at casano@ncfacanada.org and we'll do our best to make updates periodically. To become a NCFA member, please click here.

CFP Aug-10-2016

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New “Start-up” Crowdfunding Exemptions Adopted in Some Canadian Jurisdictions

AUM Law | Paul Hayward | June 5, 2015

AUM lawThis is the second of our nutshell series on regulatory developments affecting crowdfunding and other online financing portals.

On May 14, 2015, the securities regulatory authorities of British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (the participating jurisdictions) announced that they were adopting substantially harmonized registration and prospectus exemptions (the start-up crowdfunding exemptions) to allow start-up and early-stage companies in these jurisdictions to raise up to $500,000 per calendar year through online funding portals.

As explained in the related notice, Multilateral CSA Notice 45-316 Start-up Crowdfunding Registration and Prospectus Exemptions, the exemptions are being implemented by way of local blanket orders on or shortly after the publication of the CSA notice, and will be in effect until May 13, 2020.

The start-up crowdfunding exemptions consist of an exemption from the prospectus requirement (the start- up prospectus exemption) and an exemption from the dealer registration requirement (the start -up registration exemption).

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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