Category Archives: Marketplace Lending/P2P, Online Lending

Presentation Decks from #CCS2017 (for Attendees ONLY)

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Thank you for attending the 2017 Canadian Crowdfinancing Summit (#CCS2017)!

CCS2017 Don't miss it!

 

CCS2017 Presentation Decks Available for Attendees Only (otherwise Confidential)

FEB 28:  Pre-Summit Workshops (OneEleven)

  1. FundingNomad Session:  Profit-Sharing or Royalty Deals for Investors & Issuers (download)
  2. Crowdmatrix Showcase:
  3. BrightSpark Ventures Workshop:  How to Invest in Early Stage Companies (download)
  4. R2Crowd Presentation:  How to Invest in Real Estate if You Don't have a Rich Uncle? (download)

MAR 1:  CCS2017 Summit (MaRS)

  1. Morning Keynote: Equity Crowdfinance:  Past, Present and Future by Ryan Feit, SeedInvest (download)
  2. Show me the Money: How We Raised USD $100+ Million (Art or Science?)
    by Zach Smith, Funded Today (download)
  3. Canadian and Global Alternative Finance Markets: Volume, Trends and Key Indicators by E.J. Reedy of University of Chicago - Polsky Center for Entrepreneurship & Innovation, Alixe Cormick of Venture Law Corp and Daryl Hatton of FundRazr (download)
  4. Blockchain ICOs:  The Future of Online Investing or Regulatory Crisis? by Alan Wunsche, Blockchain Canada (download)
  5. How Online Funding Platforms Give Voice to a Shared Value Economy by Paul Allard, Impak Finance (download)
  6. Marketplace Lending:  Made for the People, By the People by Cato Pastoll, Lending Loop (download)
  7. Growing Your Business Faster with Diversity by Tabitha Creighton, iQMetrix and Eva Wong, Borrowell (download)
  8. Industry Experts and National Regulatory Perspectives: What to Expect in 2017?  by Jason Saltzman, (Gowling WLG), Pat Chaukos (OSC LaunchPad), Elliott Mak and Zach Masum (BCSC), Denise Weeres (ASC), and Gabriel Araish (AMF) (download OSC deck)
  9. LUNCH & LEARN:  Strategies to Protect Your Revenue by Securing Intellectual Property (IP) Rights before Launching by Tony Sebata, Sabeta IP (download)
  10. Regulatory Presentation and Q&A:  FINTECH & P2P/ONLINE LENDING 
    1. Part 1:  Zach Masum, BCSC (download); and
    2. Part 2:  Amy Tsai, OSC LaunchPad (download)
  11. Bootstrapping:  From Concept to Revenue Under in 9 Months for Under $4k by Timothy Jodoin, Edispin (download)
  12. Regulatory Presentation and Q&A:  EQUITY CROWDFUNDING/FINANCE by Gabriel Araish (AMF), Elliott Mak (BCSC), Gloria Tsang (OSC), and Denise Weeres (ASC) (download)
  13. Applying Design Thinking to Maximize Interaction on Your Website (Coming soon)
  14. How I Created an Automated Networking Machine to Meet Hundreds of Investors & VCs by Joshua Fetcher, Autopilot (download)
  15. Post-Crowdfunding Best Practices:  How to Deliver On Time On Budget - Everything you need to Know by Gareth Everard (Rockwell Razors), Owen MacMullin (DHL Canada), and Mary-Rose Sutton (Shopify) (download)
  16. The Future of Fintech:  Is Canada becoming a World Class Fintech Hub?  by Sue Britton (Fintech Growth Syndicate), Bilal Khan (OneEleven), Jake Hirsch-Allen (LinkedIn), Jim Orlando (Omers Ventures), Amelia Young (Upside Consulting Group) and Philippe Garneau (BWG Brand Engineering) (download)
  17. CLOSING KEYNOTE:  Transformative Strategies and Insights for Alternative Finance Market Growth by Martin Graham (Fineqia and London Stock Exchange) (download)

Live Pitching Presentation Decks (MaRS):

  1. Seedlify by Sam Kawtharani (download)
  2. Tripian by Cenan Yunusoglu (download) *Session 1 Pitch Winner
  3. XYZ Interactive (UVolt replacement) by Michael Kosic (download)
  4. Curexe by Johnathan Holland (download)
  5. Knote by Ron Glozman (download) *Session 2 Pitch Winner
  6. Zoom.ai by Roy Pereira (download)
  7. DashMD by Zack Fisch (download) *Session 3 Pitch Winner
  8. Better Current by Colin Campbell (download)
  9. CertClean by Jenise Lee (download)
  10. ShareWiz by Oz Demirel (download)
  11. Emerge by Alexandru Horghidan (download) *Session 4 Pitch Winner
  12. Triclops Technologies by Meng Xi Zhu (download)

Congratulations to the 4 live pitching companies:

Tripian (Cenan Yunusoglu), Knote (Ron Glozman), Dash MD (Zack Fisch), and Emerge (Alexandru Horghidan)!


Other links you may be interested in:

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THANK YOU TO ALL OUR #CCS2017 SPONSORS AND PARTNERS!

CCS2017 Partner slide 1

CCS2017 Partner slide 2

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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#CCS2017 Industry Leaders Connect at 3rd Annual NCFA Fintech & Funding Summit

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NCFA Canada | CCS2017 Committee | March 10, 2017

CCS2017 photo collage2

NCFAs Innovation Finance Summit A Great Success!

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

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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.

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The State of the Industry: Prosper President, Ron Suber Examines the Past, Present and Future of FinTech

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Lending Times | Lauren Twardy | Oct 26, 2016

Ron Suber - State of the industry (past, present, future)

Ron Suber serves as the president of Prosper, “America’s first online lending platform,” and brings more than 20 years of experience within the industry to the table. Recently, Lending Times had the opportunity to chat with Suber about the current state of the FinTech industry and where he thought it was heading. His insight and analysis may prove helpful for those individuals seeking a better understanding of the transition between traditional and marketplace lending.

The First Two Phases of FinTech

Suber began by saying he believes there are four phases of the FinTech Industry. The first phase began with establishing FinTech as a recognizable concept in what Suber calls the “Period of EAU: Education, Awareness, Understanding.” As with most pioneering ideas and industries, the biggest hurdle is often “fear of the unknown.” Suber comments that when the industry was getting off the ground, both industry insiders and the public reacted hesitantly to the idea of borrowing and lending on the Internet, which for most sounded “like a Ponzi scheme.” Phase One sought to establish FinTech as a legitimate course forward for lending.

See:  Why the bank referral scheme gives SME lending a much needed shake-up

Phase Two of FinTech took place early last year, according to Suber, when large finance and technology companies, as well as banks, started taking a sincere interest in marketplace lending, moving FinTech and online lending from what Suber had called a “novelty” to an “interesting new niche” in his 2015 LendIt Closing Keynote speech. Large companies and banks “sent their innovation teams and senior leadership to see all of us and find out what and how we were doing everything.” Alternative data and lending companies were no longer seen as competition but rather as potential partners for financial companies and institutions.

Phases 3 and 4: FinTech Today and the Optimistic Future

“Phase Three is now,” Suber says. Online lending platforms are going public, banks are trying to figure out how to partner with alternative lending and data companies, and regulation of the industry has begun. In this current phase, the impact of marketplace lenders has grown too great to be ignored or brushed off by the larger banks and companies. Several partnerships have formed this year between online lenders and banks, including Prosper and LendingClub with WebBank, OnDeck with JPMorgan, and Kabbage with Santander. While there has been a certain amount of leveling off to the skyrocketing growth of this industry, there is still much progress to come.

Morgan Stanley reported in June 2015 that marketplace lenders “could command $150 billion to $490 billion globally by 2020.” This kind of optimism leads to Suber’s Phase Four, where he predicts that there “will be rapid mergers, acquisitions, and full adoption into the main stream.”

Often in his speeches and interviews, Suber compares the path of FinTech to that of Uber or AirBnB. These companies change the way the world sees transportation and lodging, and FinTech innovators have the ability to do the same for lending. Suber believes that the future of FinTech is “true ubiquity.”

Continue to the full article --> here

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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BCSC Seeking Input from BC Fintech and Tech Firms

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BCSC | Alison Walker | Jan 24, 2017

BCSC w text colour

Vancouver - The British Columbia Securities Commission (BCSC) today released an online survey, published a new tech industry webpage, and announced a dedicated Tech Team as a part of its ongoing outreach aimed at BC fintech and tech companies as well as other stakeholders active in these sectors.

"The BCSC supports innovation and the adoption of new technologies in the financial services sector," said Brenda Leong, BCSC Chair and CEO. "We understand that early-stage companies need access to capital and a clear regulatory framework to operate in. Through our Tech Team's active outreach, we will broaden our knowledge and understanding of the impacts of regulation, and provide fintech and tech companies with resources and information to help them succeed."

The BCSC invites anyone involved in the BC Tech industry to complete the survey. We are interested in hearing from all those willing to contribute their ideas and experience in an effort to learn more about this dynamic sector. The survey will be open until February 21, 2017. The BCSC will use information gathered from the survey and its ongoing outreach work to determine next steps.

Fintech is growing in British Columbia and together with the broader tech sector is developing innovative approaches to delivering financial and other services. The online survey and new webpage build on the work the BCSC has been doing to support emerging investment advisory services, crowdfunding platforms, and online marketplace lenders.

Currently, the BCSC has registered 10 robo-advisory firms, exempted seven firms from registration as crowdfunding portals, and registered a further nine portals as exempt market dealers. The BCSC also works with other Canadian securities regulators to support fintech industry growth by facilitating timely and harmonized reviews of registration and exemptive relief applications.

"Our aim is to work with stakeholders to provide flexible and balanced regulation for innovative business models," Leong said. "We also need to assess whether securities regulations are keeping pace with the evolving tech landscape."

Those interested in taking the survey will find it on the new tech industry page, which consolidates guidance and resources the BCSC has produced over the years, and provides contact information for BCSC's Tech Team. The webpage is a good starting point for those seeking to learn more about how securities regulation intersects with BC's tech sector.

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

- 30 -

Media Contact:
Alison Walker
604-899-6713

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

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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 at www.ncfacanada.org.

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Upstart Vancouver eyes Toronto’s fintech crown

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BIV | | Jan 11, 2017

Progressa in VancouverFinancial technology firms find talent, interest on the wane in capital-rich T.O. 

After combing through his corporate inbox on a single morning in January, Mike Gardner cleared more than a dozen job applications for his Vancouver-based financial technology company.

Agreement Express Inc. is in the midst of a hiring spree after opening a Toronto office last year. It plans to expand its total head count from 60 to as many as 100 workers by the spring.

Despite the new Toronto office just off Bay Street, all the applications that CEO Gardner cleared from his inbox came from Vancouver job seekers.

See Progressa CEO, Ali Pourdad, Speak at upcoming 2017 Canadian Crowdfinance Summit in Toronto (Feb 28-Mar 1)

“We’re advertising just as heavily in Toronto,” he said. “We get five to probably close to 10 times the response in Vancouver, which is supposed to be a tight job market.”

The heavy tilt favouring Vancouver appears to be a sector-wide fintech phenomenon.

The Digital Finance Institute, a Canadian think-tank specializing in fintechs, examined its 2016 web traffic and found its Vancouver FinTech Conference website had twice as many hits (21,000) compared with its Toronto FinTech Conference website.

“There’s more of everything [in Toronto], but there’s also more disengagement because it’s bigger,” said Vancouver-based lawyer Christine Duhaime, the Digital Finance Institute’s executive director.

“Unlike Toronto, we’re close-knit,” Duhaime said. “There’s something about Vancouver that works in terms of being on the West Coast: access to West Coast financiers down in Silicon Valley.”

 

The think-tank’s web analytics also found more international interest in Vancouver than in Toronto. Visitors from 143 countries took a look at the Vancouver website compared with visitors from 88 countries who looked at the Toronto website.

Duhaime said the tilt favouring the West Coast is likely due to Vancouver’s closer proximity to both Silicon Valley and the Asia-Pacific region.

But it’s not as if Bay Street has suddenly lost its lustre this past year as Canada’s financial capital.

In mid-2016, Vancouver-based fintech Progressa opened an office in Toronto, where it moved its financial services operations. The technology services division remained based in Vancouver.

While CEO Ali Pourdad acknowledged the human-resources game is a little different on the other side of the country, he said the talent pool is much deeper in Toronto.

“We could get a significantly higher number of people applying to the roles we’ve been putting out, and they’re mainly financial services roles,” Pourdad said. “There’s not only a higher number of applications but also more highly qualified applicants. That being said, Vancouver still remains a very hot technology city.”

Gardner and Duhaime both said part of the cultural differences between the cities’ fintech communities could be chalked up to easier access to venture capital in Toronto. With fewer investors, Vancouver companies have to run tighter operations.

Pourdad, meanwhile, said there are still a lot of local early-stage investors willing to take a risk on a Vancouver startup – but landing institutional investments is the real white whale for many Vancouver fintechs.  “And that’s where I think Toronto comes in and Vancouver can’t really compete,” he said.

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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 at www.ncfacanada.org.

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The UK government invests £85 million in peer-to-peer lending sector where the watchdog has ‘concerns’

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Business Insider UK | | Dec 13, 2016

rate-setter

LONDON — £85 million of taxpayer money is invested in the peer-to-peer (P2P) lending sector, an industry where the financial regulator identified "evidence of potential investor detriment" in a report last week.

The state-owned British Business Bank (BBB) has £60 million invested on Funding Circle, £15 million invested on MarketInvoice, and £10 million on RateSetter, according to a Freedom of Information request seen by Business Insider.

The Financial Conduct Authority (FCA), Britain's finance regulator, on Friday flagged "concerns" around the growing complexity of the peer-to-peer market. The FCA writes in its report: "Firms’ desire to maintain confidence in platforms has occasionally led to firms acting in a nontransparent manner, masking true loan performance and exposing investors to risks."

While the FCA does not identify any specific firms in its report, it flags certain practices such as intervention by peer-to-peer lenders to influence loan performance and lending to provision funds (special vehicles meant to pay for a certain amount of investor losses). RateSetter has both made an on-balance loan to a business it crowdfunded a loan for and restructured its provision fund to allow bail-ins.

Peer-to-peer lending platforms are marketplaces for loans, connecting borrowers with people willing to invest their own money in those loans for good returns. The BBB invests platforms that allow it to extend loans to small businesses.

The BBB began investing on Funding Circle and MarketInvoice in 2013 and RateSetter in 2014. It undertook extensive due diligence on each platform before committing the money. But FCA CEO Andrew Bailey told Business Insider in an interview last week: "It's a fast-moving, evolving industry. Some of the directions in which it's going off are posing some quite big challenges in terms of transparency and fairness."

John O'Connell, Chief Executive of the TaxPayers' Alliance, told Business Insider over email: "This is extremely concerning and taxpayers will want to know how this can be good use of their money.

"The wider question is why taxpayers are funding loans to begin with. There are answers to be found on how to increase lending from commercial banks, but the Government stepping in with a taxpayer-funded alternative should not be one of them."

The British Business Bank was set up by the government in 2012 with £1 billion of funding to increase funding to small and medium enterprises (SMEs). It does not finance SMEs directly but works through partners and intermediaries to extend funding.

A spokesperson for the British Business Bank told Business Insider: "Peer-to-peer lending platforms have the potential to be a successful delivery model for small business finance. Investing in these, and other kinds of platforms is a vital part of our remit to foster a more diverse small lending market for smaller businesses; indeed more than 10,000 smaller businesses across the country have already benefited from our partnership with Funding Circle.

Just Released:  Download the 2016 Alternative Finance Crowdfunding in Canada Industry Report

"One of our four strategic objectives is to manage taxpayer resources efficiently and within a robust risk management framework. The return across the British Business Bank programmes between 2015-16 was over 2%."

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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 at www.ncfacanada.org.

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