Category Archives: NCFA Press Releases

CALLING ALL COMPANIES, INVESTORS & FUNDING PLATFORMS! Help Define the Future of Alternative Finance Crowdfunding in Canada

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NCFA Canada (About Us) | June 22, 2017

This is a vital time for the alternative finance crowdfunding sector in Canada.

The crowdfunding sector in Canada offers tremendous potential to innovate and improve capital formation, storage and the distribution of resources by leveraging technology to unlock transactional inefficiencies, provide more liquidity and help small businesses, the backbone of the Canadian economy, to commercialize and globally compete in modern digital times.  While market volumes grew 48% from 2013-2015 and is predicted to reach $190 million in 2016 (download 2016 NCFA report), Canadian markets continue to fall behind international competitors due to market stifling regulations (eg., US $35.2 billion in 2016, Chicago-Booth/Cambridge report).

Your voice is more critical than ever before! 

  • All survey participants will be entered into a draw to receive a $100 gift card of their choice plus $25 Uber promo card for their time.
  • Are you an innovative company raising seed or growth capital? Have you considered raising your next financing in alternative finance markets? What are the most important decision drivers?
  • As a retail or accredited investor, how many deals have you backed in the past 12 months? What’s working and what’s not?

Please take 5min and show support for capital innovation, SME growth and new investment opportunities in alternative finance markets:

  • Your confidential responses will form the basis for NCFAs annual 2017 report to be published later this fall
  • Armed with this data, we seek to promote nationwide growth within the industry and create a persuasive impact on allowing more flexible government regulations and educational support for Alternative Finance Crowdfunding in Canada.  Share your voice now

“We are on the cusp of a new, potentially revolutionary era in consumer and SME finance that harnesses the wisdom of the crowd and its power to effect huge change in the financial sector.”  NCFA Canada

Take the survey now:   http://bit.ly/2perd2N

*Only Open until June 30

We highly appreciate your time and thank for participating in the survey!  Questions?  info@ncfacanada.org.

Sincerely

Craig Asano
Founding Executive Director
NCFA Canada
(416) 618-0254

 

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.

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Jason A. Saltzman, Partner, Gowling WLG (Canada) LLP, Joins National Crowdfunding Association of Canada’s Advisory Group

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NCFA Canada | Craig Asano | Jun 21, 2017

Jason Saltzman, Advisor, Securities and Financings

TORONTO, JUN 21, 2017 – The National Crowdfunding Association of Canada (NCFA) today announced that Jason A. Saltzman, Partner at Gowling WLG (Canada) LLP, has joined the Association as Advisor, Securities and Financings.

Jason is a partner in Gowling WLG’s Toronto office practising in corporate finance and securities law, with an emphasis on securities offerings, mergers and acquisitions, private equity and venture capital transactions and regulatory compliance matters.  He assists issuers, investment dealers, investment portals and institutional and private investors on complex equity and debt financing transactions, ranging from start-up investments, venture capital and private equity investments, to larger public offerings and project finance.

Jason has taken numerous companies public on the TSX, TSX Venture Exchange and Canadian Securities Exchange by IPO, reverse takeover, capital pool transactions and direct listings. He also advises securities dealers, advisers, investment fund managers and other market participants in connection with their registration and compliance issues.  Jason served two terms on the Ontario Securities Commission’s Small and Medium Enterprises Committee and has been very active in building an alternative finance practice by focusing on fin-tech, crowdfinance and other disruptive models such as online investment platforms, peer-to-peer lending and robo-advising. He has become known as a thought leader in this innovative area and is working closely with other Gowling WLG professionals as part of a fully-integrated fin tech legal practice group.

 “Crowdfunding is a phenomenon and not a fad. Issuers and securities dealers are already integrating this channel into their overall finance strategy and are using it as a way to better connect and identify with their target markets. The advent of specialized investment platforms, innovative technologies and evolving approaches for the regulation of online investment portals (including new securities law exemptions and OSC's Launch Pad), have set the nascent crowdfunding industry on the right path for the future.” -- Jason Saltzman, Partner, Gowling WLG (Canada) LLP

“Jason not only understands the potential impact of crowdfunding and fintech innovation on alternative finance markets but been a huge supporter of NCFA since the early days.  He’s a leading securities lawyer in the sector with a long list of accolades and deep experience working with registration, compliance and complex financings full stop.  On behalf of the industry we thank Jason for his commitment and continued support, and are thrilled of his participation in the Association’s Advisory group.”  -- Craig Asano, Executive Director, NCFA Canada

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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 CONTACT:
Craig Asano
casano@ncfacanada.org
416 618 0254

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Robin Ford, Former BC Securities Commission Executive Commissioner, Joins National Crowdfunding Association of Canada’s Advisory Group

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NCFA Canada | Craig Asano | May 16, 2017

Robin Ford, Advisor, Governance and Regulation

VANCOUVER, MAY 16, 2017 – The National Crowdfunding Association of Canada (NCFA) today announced that Robin Ford, Former British Columbia Securities Commission (BCSC) Executive Commissioner, has joined the Association as Advisor, Governance and Regulation.

After 25 years as a public-sector lawyer and regulator, Robin is now consulting in the areas of financial services regulation, governance, and compliance.  She has extensive experience working with and advising regulators and the regulated, leading projects and teams, and facilitating organizational change.

Robin has served as Executive Commissioner at the BCSC, Chief Counsel, Insurance at the UK Financial Services Authority, and legal adviser to the UK and British Columbia Governments.  She played an important role in an ambitious program of regulatory reform and in integrating 9 regulators into the newly formed UK FSA, as it became a more analytically disciplined, risk-based, and outcomes-focused regulator.

“Having such a highly experienced and capable senior ex-financial services regulator join the NCFA Advisory Group speaks volumes about how much the regulated crowdfunding sector in Canada has developed and its potential to raise, lend, or share capital and facilitate investment. We’re very pleased to have Robin join the community to help bridge the gap between regulators and the alternative markets and to support regulations that are both suitable for online financial marketplaces and globally competitive.”  Craig Asano, Executive Director, NCFA Canada

“I was delighted to be asked to join the Advisory Group of the NCFA, which has already achieved so much to facilitate developments in the crowdfunding sector. I look forward to contributing on regulatory and governance issues." Robin Ford, Former BCSC Executive Commissioner

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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

 

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Peter-Paul Van Hoeken, CEO and Founder of FrontFundr, Joins National Crowdfunding Association of Canada’s Advisory Group

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NCFA Canada | C. Asano | May 9, 2017

Peter-Paul VanHoeken_NCFA Advisory

Peter-Paul Van Hoeken, Advisor, Investment Crowdfunding

TORONTO, MAY 8, 2017 – The National Crowdfunding Association of Canada (NCFA) today announced that Peter-Paul Van Hoeken, CEO and Founder of FrontFundr, has joined the Association as Advisor, Investment Crowdfunding.

Peter-Paul is Founder and CEO of FrontFundr, a FinTech company focused on supporting start-ups and young ventures in Canada with access to capital through innovative online investment-based funding solutions.

Peter-Paul has over 15 years of experience in finance, investment management and business consultancy. He worked in Vancouver as director business development with a finance & investment company in the renewable energy space and as finance director of a real estate investment fund. Prior to that he held a number of positions with several global banks in the areas of corporate strategy, corporate & investment banking and he worked as a senior management consultant in The Netherlands. Peter-Paul is a director of the National Board of the Private Capital Markets Association, PCMA (Canada) and holds a masters’ degree in Business Economics & Finance from the Erasmus University Rotterdam, The Netherlands.

Funding platform?  Investor?  Company?  Take the 2017 Alternative Finance Survey in Canada (learn more)

“We’ve had the pleasure of working together with Peter-Paul to advance the growth and development of the equity crowdfunding ecosystem in Canada since the beginning.  He’s shown utmost commitment to make this industry work and thrive, and on behalf of the Association we’d like to thank Peter-Paul for his professionalism and early leadership.  We look forward to continuing to work together to achieve transactional efficiencies to the benefit of all stakeholders including platforms, companies and all types of investors.” Craig Asano, Founding CEO, NCFA Canada

“Investment crowdfunding unlocks a tremendous dispersed pool of capital and democratizes investing in young companies. It redefines the way that young companies look at their investors and customers. Eventually, they will become the same. I am honoured joining the NCFA Advisory Group contributing to a healthy and prosperous investment crowdfunding industry in Canada." Peter-Paul Van Hoeken, CEO & Founder, FrontFundr

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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

 

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Now OPEN: 2017 Annual Alternative Finance Crowdfunding in Canada Survey

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NCFA Canada About Us | Craig Asano | May 8, 2017

2017 NCFA Survey Banner 2 (resize)

The National Crowdfunding Association of Canada has announced the launch of its 3rd alternative finance crowdfunding survey in Canada for platforms, investors and companies as part of its annual exercise in providing Canadian benchmarks on market size, volume, market activity, platform characteristics, jobs, and key stakeholder sentiments.

Crowdfunding leverages technology, the internet and digital marketing to streamline the process of raising capital from a full stack of investors while filling an under-serviced funding gap in venture markets.  As technologies, markets and models continue to evolve in alternative finance and fintech crowdfunding markets globally, everyone from policy makers to portal operators and industry participants to economic development agencies have a need to better understand the emerging landscape that is on its way to being an integral part of raising up to $5M of capital online to launch, grow, and commercialize ventures.

  • Last year, NCFA published the first comprehensive set of industry-led research in a
    2016-alternative-finance-crowdfunding-in-canada-report-cover

    Download last year's 2016 Industry Report

    groundbreaking study titled, 2016 Alternative Finance Crowdfunding in Canada report, that benchmarked industry growth at 48% from 2013-2015 and predicted the 2016 market volume to be $190 million (Download the report now).

  • This year in 2017 in addition to our annual Canadian platform survey, we are expanding the scope of the survey to capture both investor and company sentiment which will provide a richer view of perspectives and help identify key insights and challenges relevant to market development and participation.   Help us measure industry growth and Take the survey now (5-20mins)

TAKE THE 2017 ALTERNATIVE FINANCE CROWDFUNDING SURVEY NOW:

1.     FOR ALTERNATIVE FINANCE ONLINE FUNDING PLATFORMS (Canadian equity, debt, P2P marketplace lending, reward / perk, donation, revenue sharing (royalties), crowdsales and new fintech models)

2.     FOR COMPANIES (Startups and Scale-ups interested in raising up to $5M of capital to launch of grow their venture)

3.     FOR INVESTORS (Retail, accredited, VCs, PE, family offices, funding groups)

* Please help encourage participation by sharing this link: http://bit.ly/2perd2N

Learn more... about confidentiality, deadline and gift cards!

surveybutton* Open until:  June 30, 2017

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.

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Brad Kerr, CEO and Co-Founder of FundingNomad, Joins National Crowdfunding Association of Canada’s Advisory Board

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NCFA Canada | Craig Asano | April 27, 2017

Brad Kerr, Advisor, Entertainment and Media

Brad Kerr, Advisor, Entertainment and Media

TORONTO, MAY 27, 2017 – The National Crowdfunding Association of Canada (NCFA) today announced that Brad Kerr, CEO and Co-Founder of FundingNomad, has joined the Association’s Advisory Group as Advisor, Entertainment & Media.

Brad is the CEO and Co-Founder of FundingNomad, an equity-based crowdfunding platform for the best entertainment investment opportunities for accredited and retail investors. FundingNomad is focused on entertainment deals that include stage shows, musicals, film, movie productions, direct-to-digital media, interactive exhibits, recreation, leisure projects, and hospitality - resort real estate developments.

“As industry continues to evolve financial and digital technologies and solutions and more licensed platforms enter the market, specializing in a specific industry vertical or area makes perfect sense.  Focused efforts will maximize opportunities for aligned investors and issuers alike generating efficiencies for all.  We're also thrilled at the high interest that FundingNomad has generated from the onset from media and production companies seeking complimentary funding options to support grant funding programs sponsored by government agencies and welcome Brad to the expanding NCFA Advisory Group."  Craig Asano, Founding CEO, NCFA Canada

Investors from Canada, the USA and International can create a free account to access fully vetted deals offered by companies with strong track records of success and industry experience. Investors receive equity ownership along with predictable cash flows for projects that have attractive payback times and returns, and in the case of real estate projects are secured by commercial property.

Brad has over 25 years of experience in finance, international business development, technology, and marketing. He has also been an investor and co-founder of various companies around the world including Bee'ah (the largest environmental and waste management company in the Middle East) and Foundation Room (an upscale lounge and nightclub in Toronto).

“As a global equity crowdfunding platform dedicated to entertainment and media deals – and Canada’s first entertainment platform – we’re excited to join the NCFA’s Advisory Board to help advance crowdfunding and alternative financing for all investors and issuers, and encourage new regulations and technologies to make investing easier and more convenient.” Brad Kerr, CEO & Co-founder, FundingNomad

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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

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Chris Horlacher, Chairman & CEO, Equibit Development Corporation, Joins NCFA’s Ambassador Program

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About NCFA Canada | Craig Asano | April 4, 2017

chris_horlacher_resize

TORONTO, Apr 4, 2017 – The National Crowdfunding Association of Canada (NCFA Canada) today announced that Chris Horlacher, Chairman & CEO of Equitbit Development Corporation, has joined the Association’s Ambassadors Program.

NCFA Canada Ambassadors

NCFA Canada Ambassadors are leaders, educators, supporters and advocates of an inclusive and broad-based alternative finance crowdfunding industry in communities across Canada. As experts in fintech, peer to peer, and innovation finance, ambassadors are circles of influence and ‘go to resources’ for companies, investors and the ecosystem to connect with to learn and share at locally hosted events and initiatives. They are specialists and plugged into an international network of shared resources, thought leadership, and industry professionals striving to cultivate and shape the future of financial services in Canada and beyond.

Chris Horlacher, Chairman & CEO, Equibit Development Corporation

Chris began his career as an auditor at a Big 4 firm and before the age of 30 was the CFO of a start-up stock brokerage that now manages over $4 billion in assets. He went on to found his own management consulting firm and has been instrumental in numerous successful multi-million dollar start-ups and strategic initiatives for Canada’s largest companies, SME's and non-profits.

He also serves as Vice-Chairman of the Ludwig von Mises Institute of Canada, a research and educational charity focused on the field of Austrian Economics. Possessing Chartered Accountant and Chartered Professional Accountant designations, Chris is certified by the Canadian Securities Institute as a partner, director and chief financial officer.

“The digitization and future of capital markets is upon us and Canada needs to be at the forefront of innovative financial technologies.  Chris and the Equibit team recently completed one of Canada's first Initial Coin Offering (ICO) 'Crowdsales' successfully raising approx $570,000 USD in cash and coins.  We are excited to have their leadership join the NCFA Ambassador program to provide more education and awareness in the areas of blockchain and distributed ledger technology," said Craig Asano, Executive Director, NCFA Canada.

“EDC is building Equibit, a peer-to-peer network for creating, transferring, and administering securities such as equity and debt. Such services cost issuers and investors many billions each year and blockchain technology can not only eliminate most of this overhead, but take the industry from 3-day to real-time settlements while massively improving the security, efficiency and accessibility of the OTC market,” said Chris Horlacher, Chairman & CEO, EDC

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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. Learn more About Us or visit www.ncfacanada.org.

Source: NCFA Canada

For more information please contact:

Media Contacts:

Craig Asano
NCFA Canada
Executive Director
p. (416) 618-0254
e. casano@ncfacanada.org

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