Category Archives: Crowdfunding Press Releases

OTC Markets Group Welcomes Mogo Finance Technology to OTCQX

Share

Mogo

NEW YORK, March 3, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF), a leading Canadian financial technology company, has qualified to trade on the OTCQX® Best Market.

Mogo was approved for trading on OTCQX on February 24. The company trades under the symbol "MOGOF."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"Trading on the OTCQX will allow Mogo to build visibility and provide a more transparent market for U.S. investors," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group.  "We are pleased to welcome Mogo to OTCQX and look forward to supporting the company and its shareholders in the public markets."

"We are excited to join OTCQX, which we expect will increase accessibility and flexibility for U.S. investors to discover and trade in Mogo's shares," said Greg Feller, President and CFO of Mogo.

Mogo was sponsored for OTCQX by Troutman Sanders LLP, a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.

Mogo — a Vancouver-based financial technology company— is focused on building the best digital banking experience in Canada, with innovative products designed to help consumers get in control of their financial health. Built using mobile first technology, users can sign up for a free MogoAccount in only three minutes and get access to free credit score monitoring, a free spending account, mortgages and personal loans. With more than 350,000 members and growing, Mogo is leading the shift to digital banking in Canada.

SOURCE  OTC Markets Group Inc.

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 at www.ncfacanada.org.

Share

Canadian FinTech Company, LendingArch introduces real-time point of sale financing to disrupt the $32 billion out of pocket medical expenses for Canadians.

Share

CNW | LendingArch Release

LendingArch (CNW Group/LendingArch)

A Modern Finance Company For All Canadians.

LendingArch, a leading Canadian Financial Technology company, has announced a key expansion of their product range with the introduction of real-time point of sale financing to fill a huge gap in elective care and medical procedure expenses. This groundbreaking loan product will provide patients the freedom to turn essential and expensive medical needs into affordable monthly payments that do not require the patient to use, or have a credit card.

CALGARY, March 6, 2017 /CNW/ - LendingArch is excited to announce the official launch of their new, real-time point of sale loan service for Canadian medical clinics and their patients. A trusted name in Canada's FinTech sector, LendingArch is one of the fastest-growing providers of instant financing in the country. This disruptive and positive loan product is expected to ease consumers from the over-dependence on credit cards. LendingArch has over 1100 clinics who are on a waiting list to offer this type of flexible financing to their patients after it goes live on April 1st, 2017.

Recent figures suggest consumers in Canada face over $32 billion in out of pocket medical expenses and that number is growing significantly every year for different healthcare needs, including but not limited to MRI's, cosmetic surgery, fertility treatments, dental and hearing aids. Infused with patient friendly technology, LendingArch's new product offering brings real-time underwriting direct to clinicians. This will now allow clinics to offer affordable finance solutions to their patients, to match and manage their monthly budget more efficiently and effectively.

See:  LendingArch Launches Digital Finance Platform for a New Generation

Patients can now apply for LendingArch's point of sale financing either from the comfort of their own home, or directly at a clinic location and get approved within minutes, all online. Patients can be pre-approved before they go in for a treatment or appointment which alleviates the uncomfortable conversation regarding affordability. They can now confidently walk into their clinic and enjoy the flexibility of breaking down their loans into equal monthly installments for a duration of twelve-months to three years.

One of the key benefits of LendingArch point of sale financing is that rates are far more affordable compared to any credit card, and the program is personalized according to the re-payment capacity of the borrowers. The clinics have no credit risk and are simply offering a flexible way for their patients to pay. Applications take less than two minutes and the clinic gets paid right away. Moreover, there are no deferred payments, compounding interest plans, or late fees for the patient. This product is a huge benefit to medical clinics as it has the power to increase sales, strengthen patient loyalty and improve the experience by allowing a more flexible payment option.

LendingArch CEO Arti Modi commented, "We are excited about being able to offer our lending technology right at the point of sale and make a difference in the lives of financially responsible Canadians. To see the look on a patient's face when they realize they can now afford fertility treatments or a hearing aid is empowering. Our clinicians are excited about being able to enhance their patients' lifestyle and buying experience due to our seamless application process at no risk to them."

To find out more about the range of FinTech solutions from LendingArch, please visit https://lendingarch.com

LendingArch is a modern finance company reinventing the lending experience. Through smart technology and exceptional customer experience, LendingArch has become one of Canada's fastest-growing providers of instant credit to financially responsible Canadians. From medical expenses, debt consolidation, home improvement costs and help with personal growth, LendingArch is dedicated to bringing financial advancement to consumers who deserve to live a happy life, at their rate.

SOURCE LendingArch

For further information: Sophie Nicolaou, sophie@lendingarch.com

Organization Profile

LendingArch More on this organization


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 at www.ncfacanada.org.

Share

Fineqia Announces Chairman of the Board: London Stock Exchange AIM’s Ex-Head

Share

PRN Newswire | Fineqia International | Feb 27, 2017

Martin Graham.jpg.320x320px

VANCOUVER, British Columbia, February 27, 2017 /PRNewswire/ -

Fineqia International Inc. (the "Company" or "Fineqia") (CSE: FNQ) (OTCPink:FNQQF) (Frankfurt: FNQA) is pleased to announce the appointment of Martin Graham as its new Chairman with effect from February 27, 2017.

Bundeep Singh Rangar, the Company's current Chairman, invited Mr. Graham to join Fineqia's Board given his extensive experience in transacting equity and debt securities, wealth management as well as the development and governance of stock exchanges worldwide. Mr. Rangar will step aside as Chairman and, in addition to his current role as CEO, will be appointed President of the Company.

Mr. Graham has a notable career in the financial services industry. Between 2003 and 2009, he was Director of Markets at London Stock Exchange PLC (LSE) and Head of the Alternative Investment Market (AIM) where he had direct responsibility for more than $500 million CAD of revenue and 75% of group profit. He led LSE's transformational growth strategy focused on driving market efficiency, resulting in a five-fold increase in market size between 2003 and 2008. Furthermore, Mr. Graham was instrumental in building LSE's international franchise, which significantly outperformed its main competitors.

"Martin will help steer Fineqia's growth within evolving regulation and a rapidly changing global economic and technological landscape. His common sense approach to increase financial markets inclusion and its access to the common man is invaluable to us," said Fineqia's CEO Bundeep Singh Rangar. "There is simply no substitute for cumulated wisdom garnered from years of experience in international financial markets."

Mr. Graham is currently Chairman of Aldbourne Partners Ltd., a London-based multi-family office business and wealth management consultancy. Mr. Graham has previously been on the Board of the Moscow Stock Exchange where he was Chairman of the Board's Risk Management Committee.

See:  Martin Graham to deliver Closing Keynote at 3rd Annual Canadian Crowdfinance Summit (Toronto, Mar 1):  Presenting "Adapting Lessons of the Past to Financial Market Innovations of the Future

Previously, Mr. Graham held senior positions in the global financial services sector including Head of Pan European Equities and Global Head of Equity Sales at Dresdner Kleinwort Benson. He also provided specialist consultancy services to some of the world's leading General Partners in investment funds.

About Fineqia International Inc.

Fineqia's business model is to provide an online platform and associated services for the placement of debt and equity securities, initially in the UK. The platform will transparently highlight the risks and objectively outline opportunities involved.  For more information visit http://www.fineqia.com.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

For further information:
Karolina Komarnicka
Chief Marketing Officer
T: +1-(778)-654-2324
E: info@fineqia.com
W: http://www.fineqia.com

SOURCE Fineqia International Inc. (view release)

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 at www.ncfacanada.org.

Share

Katipult Secures Capital Partner for 2017 Growth

Share

Market Watch | Katipult Release | Feb 7, 2017

Katipult software for private capital markets

Feb 07, 2017 (Marketwired via COMTEX) -- CALGARY, AB--(Marketwired - February 07, 2017) - Canada's FinTech standout Katipult has secured a substantial capital investment in a round of funding according to CEO and Founder Brock Murray. The company provides a Platform-as-a-Service that's like Shopify for private capital markets. Its software allows firms to setup and manage a platform to offer privately issued, exempt securities to non-accredited, accredited and institutional investors.

Investment in FinTech companies is red hot, however CEO Brock Murray says his company isn't a sector play for investors, rather that Katipult is a business with strong fundamentals, a talented team, and massive growth potential. "With our new partner, we are poised to build a transformative company that makes enterprise-ready software accessible, affordable, and painless for firms in the Alternative Investment industry. From day one, we've set out to build a phenomenal product that removes the inefficiencies and regulatory hurdles for our clients and it's great to have a long-term strategic partner, to significantly increase our resources to do so."

See:  Katipult named Canada’s most innovative Fintech company

The company plans to use the money to expand its team to 40 employees, explore partnerships and acquisitions, and look at opportunities for vertical migration. "The success of our clients is our success," says Murray. "We are going to be aggressively pursuing growth strategy, and bolstering our product and support services to help our clients launch Investment Crowdfunding, Peer-to-Peer Lending, and Investor Management platforms."

Katipult's run rate and growth are putting it on track to be one of Canada's top FinTech companies in 2017, and one to watch on the international stage. Katipult is a market leader in its specialty markets including the United States, Canada, and United Kingdom, and has a physical presence in North America, Europe, and Asia.

About Katipult

Katipult is a financial technology (FinTech) company that offers proprietary cloud-based software infrastructure that allows firms to design, setup, and operate an investment platform across multiple distribution channels including web, mobile, and social media. Katipult is being used in over 20 unique regulatory environments to grow investor networks, efficiently manage investors, and streamline deal flow administration. www.katipult.com

FIND US ON: LinkedIn Facebook Twitter

Press Contact Katipult Brock Murray bmurray@katipult.com +1 403 457 8008

 

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 at www.ncfacanada.org.

 

Share

Canada’s First Entertainment Crowdfunding Platform Launches for All Investors

Share

FundingNomad | Brad Kerr | Jan 9, 2017

fundingnomad

FundingNomad brings the best and most exciting entertainment opportunities to Canadian investors, online, while maintaining full securities compliance.

TORONTO, Jan 9, 2017  – FundingNomad (fundingnomad.com) has officially launched Canada’s first entertainment crowdfunding platform for Canadian investors, opening up the market for companies to run campaigns that raise financing from the “crowd” for entertainment projects (stage shows, musicals, films, movies, direct-to-digital media, interactive exhibits, performances, and recreation/hospitality). Accredited and Retail Investors across the country can sign-up and invest for free on FundingNomad’s secure portal that is fully compliant with Canadian securities regulations.

FundingNomad’s crowdfunding platform is dedicated to entertainment and media investments, and is backed by its own respected and experienced Exempt Market Dealer (EMD) that has been financing entertainment deals for many years. The platform employs high security, privacy, scalability, as well as an automated and intelligent engine that controls the campaigns that investors are permitted to invest in, and how much they can invest based on their financial accreditation status.

See:  FundingNomad at 2017 Crowdfinance Summit in Toronto on Feb 28-Mar 1

brad_kerr_sq_b

Brad Kerr, CEO, FundingNomad

Crowdfunding in Canada is growing rapidly and is expected to be a $190 million market in 2016, an increase of 48% over 2015. It is even larger in the United States, at well over $36 billion. “Canadians have a tremendous opportunity to be a part of this global investment phenomenon that puts the power, convenience and control in the investor’s hands, together with strong regulatory oversight,” stated Bradley Kerr, CEO and co-Founder of FundingNomad.

“We are pleased to be able to bring Canadian investors the best entertainment deals from around the world, and allow them to become equity investors with the top producers, and share in the rewards.”

According to Joe Kodjian, Chief Compliance Officer and co-Founder of FundingNomad,

“Many people are familiar with donation crowdfunding where they receive a t-shirt or a gift for their donation to a campaign. Equity crowdfunding, on the other hand, gives real ownership and this is what most investors have been looking for. However, this market is highly regulated and that is why we spent over a year to develop our secure and compliant platform for all investors.”

Crowdfunding accelerates the commercialization of new products, ideas and services in Canada to compete globally and strengthen Canada’s entrepreneurial backbone at grassroots levels. According to Craig Asano, Founder & Executive Director of the National Crowdfunding Association of Canada, “Crowdfunding is not solely a provincial issue. Nor is it entirely a federal one. It is a Canadian issue. All governments need to examine what they can do to improve the ability of SME’s to tap this potentially huge funding source.” FundingNomad is a member of NCFA Canada, which is the only trade association actively engaged with both social and investment fintech crowdfunding and alternative finance stakeholders across the country. Learn more at http://ncfacanada.org

Investors interested in entertainment deals are invited to sign-up for a free account on FundingNomad at www.fundingnomad.com or to contact FundingNomad at info@fundingnomad.com. Members of the press may contact FundingNomad at press@fundingnomad.com.

fundingnomad

fundingnomad-campaigns

About FundingNomad

FundingNomad is the best and most exciting way to invest in entertainment crowdfunding – online, securely and compliantly. Investors from around the world can invest in global entertainment projects (stage shows, musicals, films, movies, direct-to-digital media, interactive exhibits, performances, and recreation/hospitality) developed by the most experienced and successful production companies that have been fully vetted and approved. Past campaigns include Mat Franco Magic Reinvented Nightly, Rock of Ages Las Vegas, Absinthe at Caesar’s Palace, and many more. For more information and to create a free investor account, go to www.fundingnomad.com.

Source:  FundingNomad Release

Media Contact:
Bradley Kerr
FundingNomad
416-639-2020 ext 3
brad@fundingnomad.com

Share

FrontFundr first in Canada to raise $650K equity capital through its own platform

Share

FrontFundr Release | December 21, 2016

frontfundr-invest-in-the-revolutionFrontFundr raises $650K on its own online funding and investment platform

December 21, 2016 (Vancouver, BC) – For the first time in Canadian history a business, FrontFundr, has self‐funded on its own equity crowdfunding platform. To great success, FrontFundr has exceeded its target raise by 130%, raising a total of $650K from 200 investors utilizing its own crowdfunding platform to facilitate the raise. These funds will take the company to the next level, allowing FrontFundr to build out its position as the leading online investment platform in Canada, and expand to the U.S..

In May 2015, FrontFundr introduced equity crowdfunding to Canada through the launch of the first online investment platform. The concept is simple. Instead of raising funds exclusively from the wealthy elite, per traditional startup fund raising, FrontFundr allows businesses to raise funds from anyone. Unlike traditional crowdfunding that involves a donation of money in exchange for a product or service (like Kickstarter), FrontFundr allows companies to raise real money in exchange for real ownership. This concept is similar to the popular show Dragon’s Den, except the crowd can participate and become an owner in a business—not just high net worth individuals.

“We’ve been helping businesses across Canada raise funds from the public over the past eighteen months,” says FrontFundr CEO Peter‐Paul Van Hoeken. “It’s been a fun ride and we’ve loved sharing in these companies’ successes. We decided it was our turn to walk our talk. We’re a young company too in need of capital, so it made perfect sense to use our own platform and tap into our brand champions for our raise. We are overwhelmed by the success and the support and thrilled to have exceeded our target raise by $150K”

See:  Impak Finance raises largest single-day amount for Canadian equity-crowdfunding initiative

In addition to its own raise, FrontFundr has helped 9 other Canadian companies get funding from the crowd since its launch, ranging in amount from $50,000 to $2 Million. In addition to closing its own raise, this week FrontFundr’s platform also saw the close of a raise for Montreal’s Impak Finance—a new company that plans to build Canada’s first socially responsible bank.

While the introduction of equity crowdfunding, the traditional investment models of yesterday are becoming completely revolutionized. By opening investment opportunities to the public, Canadians are able to access opportunities they were previously locked out of, and companies are able to access capital that was previously inaccessible. It’s a win‐win, where people are now able to support and share in the potential success of companies they believe in in a meaningful way, and at the same time young companies are able to fund their businesses and continue their growth. In fact, FrontFundr has seen an uptake in the number of shares being purchased as gifts for others this holiday season. In 2017, FrontFundr expects to see continued exponential growth on its platform as more entrepreneurs become aware of the opportunity to access capital from the crowd.

To learn more about investing online in private companies and to browse live investment opportunities, visit FrontFundr.com.

About FrontFundr

FrontFundr is a fintech company that enables entrepreneurs to raise capital from all Canadians.  Investing in private companies was previously limited to angel investors and venture capitalists, but after recent regulatory changes, private investing is now open to a wider spectrum of investors. Canadians can now invest online in companies that they believe in through the FrontFundr platform alongside seasoned investors, while directly contributing to innovation and sharing in the growth of companies they believe in. FrontFundr operates its online investment platform as a fully registered Exempt Market Dealer (EMD) in eight provinces in Canada.

For more information, photos or interview requests, please contact Jeannine Bartz at Jeannine@frontfundr.com or 604‐306‐0207.

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 at www.ncfacanada.org.

Share

Bundeep Singh Rangar, CEO Fineqia, Joins National Crowdfunding Association of Canada’s Advisory Board

Share

NCFA Canada | Craig Asano | December 14, 2016

Bundeep Singh Rangar, Advisor, Global Debt Markets

TORONTO, DEC 14, 2016 – The National Crowdfunding Association of Canada (NCFA) today announced that Bundeep Singh Rangar, CEO of Fineqia International Inc., a UK regulated platform and associated services to support and administer debt and equity security issuances such as corporate mini-bonds, has joined the Association’s Advisory Board as Advisor, Global Debt Markets .

Bundeep Singh Rangar has more than 20 years' combined experience in finance, banking, consultancy, technology and media. He has incubated and is the CEO of Fineqia Limited, an international platform for financing debt securities, PremFina Limited, a financier of UK insurance premiums and CEO of IXL Holdings, a European company that has secured more than £200 million in debt financing for UK lending companies from European banks. He previously founded IndusView, an India-focused advisory firm based in London and Delhi.  He has been a senior advisor to high-growth technology start-ups such as Skype SA, and multinationals such as India's largest IT services co. Tata Consultancy Services, the world's No.2 mobile operator T-Mobile (UK), U.K.'s top telecom BT Plc and Europe's top carmaker Volkswagen AG.

“We're very excited to have Bundeep's finance and banking experience join the Association to facilitate strategic partnerships and provide further insight into market developments in private debt placement markets globally.  As a public company listed on the Canadian Securities Exchange (CSE), Fineqia International (FNQ) offers investors unique access to participate in international fintech propelled venture funding markets", said Craig Asano, Founder and Executive Director of NCFA Canada.

Crowdfunding is here to stay. Its transformational effect is already being felt by small businesses and fast-growing start-ups across the world.  The consequences of accepting or thwarting it are incredibly consequential for the economy, particularly small businesses that are the engine of growth and employment in countries such as Canada, the US and the UK. A Canada-wide harmonisation of innovation friendly laws and regulations is now needed to make crowdfunding a valuable part of the country's financial ecosystem.  – Bundeep Singh Rangar, CEO, Fineqia

# # #

About National Crowdfunding Association of Canada

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. For more information please visit: www.ncfacanada.org.

MEDIA CONTACTS:
Craig Asano
casano@ncfacanada.org
416 618 0254

Share