Category Archives: Equity Crowdfunding

Keiretsu Forum and Keiretsu Capital Partners with Online Investment Platform FrontFundr

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FrontFundr / Keiretsu Forum Release | Nov 17, 2017

SEATTLE / VANCOUVER, November 15th, 2017 – The world’s largest angel network, Keiretsu Forum, and its affiliate Keiretsu Capital announced a partnership with FrontFundr, Canada’s leading online investment and funding platform. Keiretsu and FrontFundr will collaborate in the areas of deal syndication, due diligence and build out the investor community in Canada.

The partnership enables Keiretsu members and the wider investor community in Canada to invest online in companies whom are both based in Canada and the United States.

Nathan McDonald, President of Keiretsu Forum Northwest and CEO of Keiretsu Capital: “Our collaboration with FrontFundr allows us to accomplish one of our key objectives to extend access to our Keiretsu global network and to open up co-investment opportunities to a wider investor community provide follow-on funding”.

Keiretsu members who may not have time to actively participate Keiretsu pitch meetings or who are looking to invest in smaller amounts can now invest in the online FrontFundr platform. It also enables non-Keiretsu members to invest alongside Keiretsu investors.

“We are extremely excited about our partnership with Keiretsu”, says Peter-Paul Van Hoeken, Founder & CEO of FrontFundr. “This partnership helps us address the lack of access to capital for companies and provide access to the wider investor community to screened investment opportunities.”

See:  CEO, FrontFundr Speak NOV 28  @VanFUNDING 2017 GOING MAINSTREAM Blockchain & Fintech Conference

Registered as an Exempt Market Dealer (EMD), equivalent to a Broker-Dealer in the U.S., FrontFundr can distribute securities online to both accredited and non-accredited investors in Canada. Keiretsu and FrontFundr are also looking to open up investment opportunities in North America to accredited investors outside of Canada and the United States.

 

About FrontFundr

FrontFundr is Canada’s leading online investment platform providing investors access to investment opportunities in vetted companies. FrontFundr uses technology to assist companies in raising capital efficiently from both seasoned investors and the wider public through a streamlined online investment process.

About Keiretsu Forum and Keiretsu Capital

Keiretsu Forum is a global angel investor network supporting its portfolio companies with equity and resources worldwide. With chapters in North America, Europe, and Asia, Keiretsu Forum has invested more than $750 million in over 1,000 fundings since inception and backed over 170 companies in 2016 alone.  Keiretsu Capital is the exclusive worldwide fund partner of Keiretsu Forum and manages angel co-investment and real estate funds for its investors. Keiretsu Forum and Keiretsu Capital are ranked as the most active venture investors in the world by Pitchbook and the National Venture Capital Association. Below are the 2Q 2017 rankings tables.

For further information, please contact:

Katie Hamburg at katie@keiretsucapital.com or Jasper Dikmans at jasper@frontfundr.com


The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ 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

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BCSC sponsors British Columbia’s first Regtech Hackathon

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British Columbia Securities Commission Release | Nov 16, 2017

VANCOUVER, Nov. 16, 2017 /CNW/ - The British Columbia Securities Commission (BCSC) today announced its sponsorship of the first ever Regtech Hackathon held in British Columbia. The one-day Hackathon will challenge participants to create innovative solutions to help industry meet its regulatory requirements more efficiently and effectively, and improve regulatory quality and competitiveness.

"The BCSC is a strong supporter of industry-led innovations and solutions," said Mark Wang, Director, Capital Markets Regulation, BCSC. "We are excited to be a part of this event, because we believe it has the potential to generate some truly novel and exciting ideas to help advance regulatory technologies."

The Regtech Hackathon is part of the National Crowdfunding Association of Canada's (NCFA) VanFUNDING 2017 Conference on Tuesday, November 28. Teams of three to six people will select a problem statement to solve and work throughout the day on their pitch with help from experienced mentors, including some BCSC staff members.

The full problem statements are available on the VanFUNDING Conference's website, and address the following five areas of focus:

  • Blockchain, Crowdfunding, and Smart Contracts
  • Capital Markets Innovation
  • Know Your Client (KYC)
  • Investor Protection and Investment Literacy
  • Registration and Compliance (Tracking)

"We are thankful to the BCSC and other industry partners for their support," said Craig Asano, NCFA Founder and CEO. "This collaborative approach is the basis for developing creative and innovative regtech solutions. We encourage entrepreneurs and regulatory experts, innovators, data analysts, designers, and developers to join us in helping discover and launch some amazing B.C. regtech-focused projects."

The winning team will have an opportunity to present their pitch to the VanFUNDING Conference, as well as a chance to win prizes valued at over $20,000. Submissions will be judged on innovation, user experience, pitch, and viability.

The Regtech Hackathon will take place at the Morris J. Wosk Centre for Dialogue located at 580 West Hastings Street, Vancouver, B.C. More information on the Hackathon, including how to register, can be found on the VanFUNDING Conference website.

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital

Learn how to protect yourself and become a more informed investor at www.investright.org

SOURCE British Columbia Securities Commission

For further information: Media Contact: Alison Walker, 604-899-6713; Public inquiries: 604-899-6854 or 1-800-373-6393 (toll free), inquiries@bcsc.bc.ca

Related Links

http://www.bcsc.bc.ca


The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ 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

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VanFUNDING 2017 Brings Over 50+ Leading Blockchain, Fintech & Capital Innovation Experts to Vancouver NOV 28 @Morris Wosk Centre

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NCFA Canada | Craig Asano | Nov 15, 2017

Looking for world class education, funding, partnerships and growth within the blockchain and financial tech sector?

VanFUNDING 2017 GOING MAINSTREAM is the premier West Coast conference dedicated to connecting people looking to form long-lasting partnerships, investment and business opportunities.

In less than 2 weeks, VanFUNDING2017 Blockchain, Fintech & Funding Conference and Regtech Hackathon  descends on Vancouver November 28th, 8am-6pm at the Morris Wosk Centre for Advanced Dialogue. There is also a VIP networking event on November 27 from 530-8pm at the Diamond cocktail lounge where you can meet the biggest names in Fintech.

VanFUNDING 2017 offers world class program and education delivered via keynotes, TEDx-style presentations, panels and workshops covering Blockchain, Fintech, Regtech, and Innovation Finance topics from a diverse range of perspectives including technology, finance, legal, global innovation and humanity.

The title sponsor is Raymond James, with Gowling WLG, Victory Square Technologies, Blockchain Intelligence Group, and Etherparty as platinum partners.

“We are proud to sponsor The National Crowdfunding Association of Canada,” says Sean Martin, Managing Director, Investment Banking at Raymond James Ltd.  “There has been an explosion of blockchain technology that has proven 2017 to be the tipping point of financial innovation.”

The conference features over 50+ expert speakers and mentors from companies and organizations such as Microsoft, IBM, TSX Venture Exchange, Blockchain Intelligence Group, RightMesh, Grow VC, AIBB.io, CoinPayments, Pegasus Fintech and TokenFunder. They will be covering ground-breaking topics such as Blockchain smart contacts, Initial Coin Offerings, emerging regulations, and opportunities in PeerToPeer crowdfinancing, investment opportunities, cryptocurriences, intelligence applications and global financial marketplaces.

"Vancouver is quickly establishing itself as a prominent market for blockchain innovation on the global scene. Victory Square has always supported events that facilitate discussion and collaboration on disruptive new technologies and the VanFUNDING conference falls in line with this mandate. We look forward to an excellent event that will allow our local tech community access to some of the global thought leaders in the blockchain space," said Shafin Diamond Tejani, CEO of Victory Square Technologies.

"We look forward to a great conference & BCs first ever Regtech Hackathon and would like to thank everyone involved from organizers, volunteers, sponsors, community partners and of course our awesome speaking roster!  Special thanks to the BC Securities Commission for their support, and a growing list of Regtech Hackathon partners such as Vancity, Supirio and Launch Academy who all recognize the need for a collaborative approach to developing innovative Regtech solutions.

While Regtech is new in Canada, its gaining significant traction globally, and firms are gaining a competitive advantage.  Participation in the hackathon is inclusive and we encourage entrepreneurs and regulatory experts, innovators, data analysts, designers and developers to all join us in helping discover and launch some amazing BC Regtech-focused projects", said Craig Asano, CEO VanFUNDING.

VanFUNDING 2017 brings together start-ups and leading industry professionals in a unique venue, selected to promote interactive dialogue and discussion. Combined with workshops and a Regtech Hackathon co-hosted with the BC Securities Commission where $20,000 is up for grabs in cash and prizes, this is a not to be missed event that provides opportunities for all types of businesses in the blockchain and financial technology sector to innovate, learn and network.

 

For more information about VanFUNDING 2017, please visit:  http://vanfundingconf.ca/

 


The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding, alternative finance, fintech, P2P, ICO, and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, and networking opportunities to over 1600+ 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

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How to Take Advantage of the New Trends in Blockchain, Cryptocurrency and Financial Technology

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VanFUNDING 2017 | November 6, 2017 | Morris Wosk Centre for Advanced Dialogue, Vancouver

In just 3 weeks timing, on Nov 28 the 3rd VanFUNDING 2017 (#VF2017) takes place in downtown Vancouver at the Morris Wosk Centre for Advanced Dialogue, an immersive financial innovation forum and premiere hackathon dedicated to connecting people looking for leading education, funding, investment opportunities and partnerships within the financial tech sector.

Hosted by the National Crowdfunding Association of Canada in partnership with Raymond James, Gowling WLG and Blockchain Intelligence Group, VanFUNDING is back for a third year. This year’s theme is “Financing Infrastructure Eruption – Going Mainstream” and features:

  • Nov 27:  Pre-event networking on November 27 from 5:30 – 8:00pm at the Diamond Cocktail Lounge
  • Nov 28:  First ever BC ‘Regtech Sandbox Hackathon’ co-hosted by the BC Securities Commission, with $20,000 value of cash and prizes for winners on November 28
  • Nov 28:  Full-day interactive conference including keynotes, panel discussions, workshops and a facilitated Town Hall on November 28

VanFUNDING showcases an amazing lineup of speakers from leading blockchain, fintech and crytocurrency experts from Raymond James, Gowling WLG, Blockchain Intelligence Group, Launch Academy, Robocoder, Sweetbridge, Responsive.AI, Katipult, LendingLoop, Blocksale, NewsBTC, PrivacyShell, RightMesh, Digital Futures, Frontfundr, Venture Law, Grow VC Group, Pegasus Fintech and many more, with 40+ speakers / 30 sessions discussing ground-breaking topics such as:

  • 2017 Fintech Disruption and the Future of Money
  • The Explosive Nature of Bitcoin and Investing in Crypto Assets
  • The ICO Revolution and Global Token Economy
  • The Potential of Distributed Ledger Technologies to De-risk Unsecured Loans (for the masses)
  • GOING MAINSTREAM: Scaling Opportunities & Challenges of Global Finance: Blockchain, Regtech, AI, Crypto, P2P and Fintech
  • How to spot a fraudulent ICO
  • SAFTs do they protect investors or entrepreneurs?
  • Workshop:  Public Initial Blockchain Offering (PIBCO) - The process and benefits for your business
  • Best Practices of Raising Capital Online
  • Why the Benefits of Fintech Partnerships May Outweigh Competing
  • Regulatory Perspectives: Can Canada Unlock its Blockchain and Fintech Potential?
  • Regulation of Tokens Offerings and the Value of Self-regulating Code of Conduct
  • Transacting in a Global Digital World: What P2P Technology Can do for Humanity

#VF2017 is a not-to-be missed BLOCKCHAIN and FINTECH FUNDING conference that pushes boundaries to discuss the latest developments, educate, inspire, and connect leading innovators, entrepreneurs, investors, service providers, thought leaders and policy makers in the quickly emerging sectors of fintech, P2P, crowdfinance, blockchain ICOs, digital currencies and alternative finance.  Learn more at:  vanfundingconf.ca

 

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Register BEFORE NOV 8 and Save 30%:   Get a Discounted Ticket Now

Register today and get 10% off with promo code NCFA_COIN Link to apply deal

Chance to win a free pass to #VF2017:  Tweet 2 Win Contest

Sign-up and become a VanFUNDING affiliate partner

 

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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‘Old school’ B.C. ski resort sets crowdfunding record in quest to fend off Vail

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Financial Post | By Natalie Obiko Pearson | Nov 1, 2017

Red Mountain is famous among lovers of powder snow and long runs so it's no wonder its web-based campaign has struck a chord with skiers worried about a wave of consolidation in the resort business

A tiny Canadian ski resort forged by Scandinavian miners chasing a 1890s gold rush has become the unlikely recipient of a record equity crowdfunding raise, tapping into powder hounds’ quest to fend off a wave of consolidation led by Vail Resorts Inc.

Investors are lining up to buy a piece of Red Mountain Resort in Rossland, B.C., drawn by its rebellious pitch of “Fight the Man, Own the Mountain.” The web-based campaign, the first by a ski resort, appears to have struck a chord with skiers anxious about a flurry of acquisitions that has put 39 resorts in the hands of just three corporations.

“Consolidation sometimes has the potential of stripping the soul and heritage out of these old-school resorts,” says Howard Katkov, chief executive officer of Red Mountain Ventures, who’s publicly taken jibes at the purpose-built villages and ubiquitous clock towers found at resorts like Vail and Whistler Blackcomb. “It’s about preserving what we consider an endangered species.” Vail didn’t immediately respond to a request for comment.

On the first day of its Canadian fundraising in August, Red drew pledges for $508,500, the largest single-day amount for an equity crowdfunding campaign in the nation, according to Sean Burke, chief operating officer of FrontFundr, the online investment platform in Canada. As of Tuesday, it had raised $455,050 with an additional $530,800 in process.

See:

RED Mountain Goes LIVE With Crowdfunding in Canada; Urges Fans to “Fight The Man. Own The Mountain.”

RED Mountain Hits Their $10 Million Goal on Crowdfunding

Heavy Powder

Ahead of its U.S. launch, it had received more than 3,500 reservations for as much as $13.3 million — 12 times the annual maximum permitted under U.S. regulations. The campaign is set to close on Dec. 1 and has set a minimum target of $1.5 million for the offering to close.

Red has more to offer than hype.

Western Canada’s oldest ski resort is legendary among powderhounds for steep, long runs that have groomed national team racers and Olympic champions, including Nancy Greene and Kerrin Lee-Gartner. Located in eastern British Columbia’s Kootenay Rockies, just miles from the Washington and Montana borders, it boasts 300 inches of snow a year that’s dry and light.

Red’s fabled roots stretch back to Norwegian miner Olaus Jeldness, who arrived in the area in 1896 following the discovery of a massive vein of ore on Red Mountain named Le Roi. Jeldness, who’d set a world record by ski jumping 92 feet at the age of 15 in his homeland, enthralled local townspeople hurtling down the hill on 10-foot long wooden skis with only a single leather strap to hold them in place. Within a year, he organized Canada’s first ski race — a 2.5-kilometre free-for-all from the summit, beating his lone rival by five minutes.

‘The Beauty’

“The beauty of Red is that we have Rossland, a real, historic, gold rush-era town at the bottom of the hill,” says Katkov. That town at its peak teemed with 7,000 people, 42 saloons, and the likes of “Popcorn Kate” and “Scrap Iron Nelly,” according to historical records at the local museum. Rossland’s one main street has preserved the architecture of that era but now sports a sushi restaurant, a trendy cafe, and a gourmet supermarket.

“It’s this little gem of a place that no one really knows about,” says Jason Davies, a 45-year-old British snowboarder who invested in Red and has visited slopes all over North America and Europe.

 

Continue to the full article --> here

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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Revealed: the UK’s biggest crowdfunder

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Management Today | by Rebecca Burn-Callander | Oct 31, 2017

One company has today cemented its position as the UK's biggest crowdfunder.

Seedrs, which has been jostling for position against rival platform Crowdcube over the past five years, emerged the clear victor today.

Over the past three months, Seedrs claims that its completed deals – those that hit 100% of their target – totalled £29.4m. That's almost 70% higher than Crowdcube’s tally.

This compounds last year's data, which showed that Seedrs funded 134 deals during the whole of 2016, with Crowdcube behind on 124. That was Seedrs strongest ever year, with more than £85m invested; £20m more than in 2015.

Seedrs and Crowdcube are the most active investors in the country, responsible for 86% of all crowdfunding activity. They generate almost a quarter of all UK equity investments between them, according to data company Beauhurst.

Seedrs may have proved its mettle but it may also be passively benefiting from a wider trend: British start-ups are in vogue, attracting a wave of finance.

 See:Beauhurst Publishes Mid-year UK Deal Report: Equity Platforms Raise £48m across 71 Deals in Q2

Beauhurst’s latest issue of The Deal, which analyses deal activity in the UK, found a record number of start-up deals in the third quarter of 2017, up 58% on the previous peak.

Deals worth more than £10m accounted for 15.26% more transactions than ever before, with eight deals above £50m during the three-month period.

Start-ups, with their exponential growth potential, are proving hot investments during the longstanding low-interest-rate environment. These high-risk investments are one of the few ways that investors can massively outperform the market.

To capitalise on the strength of its position - and tap into this trend - Seedrs is now launching a new programme to widen its appeal.

See: 

It will now actively target financial intermediaries, such as accountants, brokers and financial consultants, encouraging them to introduce their wealthy clients to early stage equity deals on Seedrs.

'Equity crowdfunding has become increasingly interesting to accountants, brokers and financial consultants,' claims Thomas Davies, chief investment officer at Seedrs. 'The Seedrs nominee structure gives advisers the peace of mind that their clients are investing on the same terms as professional VC firms, receiving full voting rights, often pre-emption rights, consent rights and tag along provisions to protect minority shareholder rights.'

Seedrs has raised a total of £10m from the crowd via its own platform to achieve it growth goals. The business is now valued at £50m.

Continue to the full article --> here

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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NCFA Submission to Ontario Ministry of Finance: Urgent Need for Regulatory Change

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NCFA Canada About Us | Internal Working Committee | Nov 4, 2017

Ontario's Crowdfunding Requirements are Market Stifling

Nov 4, 2017 Toronto -- Canada’s crowdfunding regime must be competitive, in line with global trends, and ‘smarter’ to enable wider access to small amounts of capital (i.e. < $5 million) by early stage companies. There is a ‘funding gap’ in the market as many smaller companies find it extremely challenging to raise funding. This means fewer innovative start-ups, fewer opportunities for investors and constraints on economic growth (and jobs).

Since the regulatory regime came into force on Jan 25, 2016, the National Crowdfunding Association of Canada (NCFA) has conducted numerous stakeholder consultations which overwhelmingly tell us that the current requirements are overly prescriptive, complex and burdensome (costly).  They restrict crowdfunding to a limited number of investors and discourage smaller issuers and licensed dealers from participating.

As a result, Ontario and Canada are falling behind international comparators such as the United Kingdom (U.K.) and the United States (U.S.). Companies and investors are reluctant to participate due to the high costs (relative to the small financing size), unwarranted transactional and ongoing regulatory burdens, and educational gaps.  This pushes many talented entrepreneurs, investors and key stakeholders to overseas jurisdictions that understand (and support) innovation and the economic potential of start-ups and small businesses.

In its 2017 Ontario Exempt Market Report, the Ontario Securities Commission (OSC) confirmed that M1 45-108 had not been used at all in Ontario. A small number of issuers have used online platforms to raise capital under the Accredited Investor or Offering Memorandum exemptions. In the NCFA’s view, this warrants further analysis and changes to the existing regime.

The U.K. has a more innovative risk-based regulatory approach that is acknowledged to be world class and is highly adaptive to emerging technologies. NCFA strongly encourages Canadian regulators to study its approach.  The U.K. also has assumed a leadership role with incentives and funding to support early market traction and education.  In the U.K., crowdfunding activity continues to flourish, representing 25% of all equity deals announced in 2016.

The U.S. has also made significant progress with 134,000 small businesses benefiting from crowdfunding in 2016 (some of which are Canadian) versus only 7,450 in Canada.  In the U.S. there is an ongoing effort to fix bugs and improve regulation with a focus on protecting investors and providing improved opportunities for smaller entrepreneurs and investors to generate wealth (e.g. “H.R. 4855 Bill “Fix Crowdfunding Act” passed by the House on July 6th, 2016).

While NCFA has participated in numerous key stakeholder fintech consultations with a wide range of regulatory and competition agencies such as the MoF, BCSC, OSC and the Competition Bureau there is:

"Urgent need for regulatory change that must be addressed from the top down to ensure these issues have a political champion with the mandate to reduce critical barriers that limit economic growth and Canada's ability for fintech innovations and peer to peer distributed technologies to be globally competitive.", said Craig Asano, CEO, NCFA Canada.

Thanks to the NCFA internal working committee on regulations and governance, lead by NCFA Advisor, Robin Ford and the numerous individuals and companies that participated to prepare the submission, and/or participate in various meetings with government agencies, such as the MoF, BCSC, OSC and Competition Bureau across the country to foster Canadian fintech competitiveness and help reduce barriers for both new entrants and operators looking to scale and remain competitive with international trends.

"The current regulatory approach to crowdfunding is not working. We are sending our innovators and entrepreneurs to the US for capital! Regulators, governments, and other stakeholders must collaborate on a more risk-based and flexible approach to this rapidly evolving sector while also recognizing that start-ups and scale-ups need a helping hand to unleash their economic potential" -- Robin Ford, NCFA Advisor and Regulations and Governance Committee Lead

 

Meeting with the Ontario Ministry of Finance

On October 20, NCFA met with with Ontario's MoF to discuss ways to enhance access to capital (esp. for small businesses), stimulate investment and improve competitiveness in line with international fintech trends & distributed technologies impacting Crowdfinance, P2P, Blockchain ICOs, Altfi and global digital marketplaces.

Call to Action:

  1. Work harder to harmonize and reduce unjustified regulatory burden:   We strongly encourage the Ontario government, and the OSC, to work smarter (and harder) to streamline regulation across the country, reduce undue burdens that undermine cost effective capital formation for young companies (and that bear no relation to the risks presented by crowdfunding), and provide the required resources and support to encourage the crowdfunding sector and to improve Ontario’s competitiveness.
  2. Canada (Ontario) Needs a political champion to promote regulatory change:   Industry needs to garnish support from the Ontario MoF to champion the proposed regulatory changes deemed the highest priorities for change based on data/evidence, consensus from wide stakeholder consultations and comparative analysis of Canadian markets with international jurisdictions such as the UK and the US.
  3. Address urgent pressing challenges and implement NCFA's proposed specific regulatory changes:  such as lack of harmonization and mutual recognition, overly prescriptive rules (vs. risk/principles based regulatory approach), full service Sandbox with cohorts etc (vs current concierge service) and educational/resource gaps. 


Download the Ontario MoF Submission --> PDF here

 

The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both investment and social crowdfunding, blockchain ICO, alternative finance, fintech, P2P and online investing stakeholders across the country.  NCFA Canada provides education, research, leadership, support, and networking opportunities to over 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a vibrant and innovative online financing industry in Canada.  Join Us!  Learn more About Us or visit www.ncfacanada.org.

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