Fintech, P2P, Alternative Finance, Blockchain Cryptocurrency (Coins, Tokens), Crowdsale and Crowdfunding Opportunities for Investors, Companies and Online Financing Platforms

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THIS EVENT HAS SOLD OUT!

VANCOUVER NOV 28:  GOING MAINSTREAM

View Release | Photos | Storify

 


 

TORONTO EVENT NOV 16 (3-6pm)

Crowdfunding + Blockchain = ICOs in Focus

REGISTRATION SOLD OUT!!


Weekly News Rundown:

Global News | By Rahul Kalvapalle | Jan 18, 2018 Hampered by their own government, Chinese bitcoin miners are increasingly looking to Canada to house their lucrative but energy-sapping facilities. Earlier this month, a leaked document obtained by an employee of U.K.-basedblockchain platform Blockchain appeared to show China’s internet finance regulator instructing local authorities to use a variety of measures to disincentivize bitcoin miners. “Currently, there are some so-called ‘mining’ enterprises that produce ‘virtual currencies.’ They have consumed huge amounts of resources and stoked speculation of ‘virtual currencies,'” read a translation of the document, according to Quartz. Multiple bitcoin miners also told Reuters that local authorities were taking various steps to clamp down on their operations. That’s prompting them to consider expanding abroad, and it looks like one of their first ports of call might be Quebec. See:  Canadians warned of new Bitcoin scam Bitcoin's gender divide could be a bad sign, experts say On Wednesday, Montreal-based blockchain consulting entrepreneur and bitcoin evangelist Francis Pouliot pitched bitcoin mining to representatives from the data storage, telecom and power industries at the Greater Montreal & Quebec Data Centre Summit. He was there on Hydro Quebec‘s invitation. Why Quebec? It all comes down to ...
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Quebec poised to become bitcoin mining hub as China cracks down on energy-sapping miners
CrowdfundInsider | By Jason Best & Sherwood Neiss | Jan 15, 208 Recently, my company crafted a report for the US Securities and Exchange Commission that summarizes progress on Title III of the JOBS Act of 2012, also referred to Regulation Crowdfunding or Reg CF. This newest securities exemption was added to the options that smaller companies could utilize to raise both debt and equity capital within the US. Regulation Crowdfunding allows startups and SMEs to raise up to $1,070,000 per year from both retail and accredited investors by utilizing registered funding portals (or broker-dealers) to conduct exempt offerings online. At the end of 2017, there were 36 FINRA approved crowdfunding portals. This exemption requires issuers to file in a Form C and post online disclosures about a company’s operations, team, financials and other material information for investors to review. Regulation Crowdfunding started in the United States on May 16, 2016. The second calendar year for the industry ended on December 31, 2017. Because data about issuers, their financial well-being, and the capital that is committed is public information we can analyze the data and bring transparency to a segment of the markets (exempt private offerings) that has been fairly opaque until ...
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The 2017 State of Regulation Crowdfunding: US Securities-based Crowdfunding under Title III of the JOBS Act
Coinsquare | Aaron Cunningham | Jan 13, 2018 Equibit Group is a Canadian blockchain company with plans to decentralize the securities industry. Formed in 2015, their vision is to create the ultimate registration system for intangible assets, and move the securities industry onto the blockchain. The platform will allow anyone to transfer value without the need for an intermediary. They believe their system will be as valuable to a bank as it is to an individual investor. Traditionally third parties like custodians are responsible for maintaining complex records for the ownership of securities. Co-founder and CEO Chris Horlacher saw that the blockchain could create a more trustless system which removed the need for third parties while increasing security. Horlacher became intrigued with Bitcoin after first hearing of it in 2010. At the time a little-known technology while the world recovered from the financial crisis, he saw an opportunity. He saw that the core technology behind Bitcoin could be modified to serve the securities industry. Real Also: Chris Horlacher, Chairman; CEO, Equibit Development Corporation, Joins NCFA’s Ambassador Program Canadian EDCs Blockchain Crowdfund Scores $0.5m In Equibits Cryptocurrency Sales ENTERPRISE SOLUTIONS Equibit Group has three apps which allow users to interact with ...
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Canadian Startup Equibit Wants to Decentralize the Securities Industry
Alberta Securities Commission | Dec 12, 2017 CALGARY, Dec. 12, 2017 /CNW/ - The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has changed its start-up crowdfunding exemption to allow businesses in Saskatchewan and Alberta to raise funds from investors residing in those provinces. "This change will enhance capital raising opportunities for businesses in Saskatchewan and Alberta and investment opportunities for investors in those provinces. Given the geographical proximity, and similarities in industries, it makes sense for us to coordinate our efforts to facilitate cross-border financings with our neighbouring provinces," said FCAA CEO Roger Sobotkiewicz. To allow for the interjurisdictional raising of capital, Saskatchewan has amended General Order 45-929 Start-up Crowdfunding Registration and Prospectus Exemptions (SK GO 45-929), and Alberta has changed the Companion Policy to Alberta Securities Commission (ASC) Rule 45-517 to clarify how cross-border financings will work. See:  Advancing the dialogue on the future of financial services Start-ups and early stage businesses must be aware of the different requirements in each jurisdiction and comply with the requirements of both SK GO 45-929 and ASC Rule 45-517. One significant difference between the two exemptions is that to raise money through a crowdfunding portal in Alberta, businesses must use a registered ...
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Saskatchewan and Alberta make cross-border financing easier
NCFA Guest Post | Jan 15, 2018 If you have a vision for a business that you think will do well, then most entrepreneurs will probably say you should go for it. However, there is more to starting a business than just having an idea; you also need the funding to back it up. Getting this type of funding for a new venture can be difficult, but there are many avenues that you can pursue to get the capital you need. Family and Friends Seeking to fund your business from family and friends is an effective way to avoid things such as interest rates because you would normally just pay back the amount you borrowed. You could also give them a share of the profits or perhaps make them a silent partner. Some people are not comfortable asking their friends or family for funding in case it affects their relationship. Bank Loans Securing funding from a bank is not always a straightforward process because you need to satisfy them that your new venture has the capability to pay the loan back. In the first instance, you will need a strong business plan that contains all of the details about the ...
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How to Fund Your Business
Pegasus Fintech Release | Gary Swartz | Jan 15, 2018 TORONTO, January 15, 2018 — Pegasus Fintech, Inc. today announced that payment and blockchain-leader Diana Adachi has been selected as the company’s new chief executive officer. Pegasus Fintech is a full-service blockchain, technology and token accelerator that supports regulatory compliant Public Initial BlockChain Offerings (PIBCOs). “We are honored to have Diana Adachi join our team. Diana is not only recognized as a leader in blockchain solutioning globally but also brings deep payment and banking acumen to the company,” said David Lucatch, Chair of Pegasus Fintech. “I am excited to work with Pegasus to support its world-class blockchain technology consultancy and PIBCO token acceleration services,” said Diana Adachi. Ms. Adachi served as a Global Blockchain Solutions Lead with Accenture in the San Francisco Bay Area. Diana was responsible for exploring key opportunities using Blockchain and distributed ledgers with the company’s G1000 clients. Ms. Adachi has co-authored various papers on the subject and was recently recognized as one of PaymentSource’s Most Influential Women in Payments, 2017 for her work in Blockchain. Recent papers include: Blockchain Technology – How Banks Are Working to Build the Foundation of the World’s First Real-Time Global Payment Network Business Case Assessment on Distributed Ledger Technology For Cross Border Payments Blockchain as a ...
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Payment and Blockchain-leader Diana Adachi joins Pegasus
Financial Post | Hollie Shaw | Jan 12, 2018 Many commenters on the Facebook post appeared to regard the promotion as a joke TORONTO — A professed failure to understand Bitcoin has not deterred KFC Canada from accepting the cryptocurrency as payment for a bucket of fried chicken. A limited-time marketing promotion for a “Bitcoin Bucket” was launched Thursday afternoon by the quick-serve restaurant chain — so limited, in fact, that it appeared to sell out of the ten-piece chicken buckets entirely between 10 a.m. and 11 a.m. ET on Friday. “Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken,” the company said in a posting on its Canadian Facebook page that featured a live tracker of the virtual currency’s value superimposed on a bucket of chicken. See:  [CCS2018 March 5-6, Toronto]: NEW GROWTH Blockchain, Fintech & Funding Conference and Expo For a Bitcoin payment worth the equivalent of $20, a customer could order a bucket of 10 chicken tenders, with waffle fries, a side dish, gravy and two dips. The post provides a link to a digital ordering hub that allowed users to make ...
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No joke: KFC Canada starts accepting Bitcoin for a bucket of chicken, immediately sells out
NCFA Canada | Robin Ford, Advisory Group | 12 Jan 2018   The problem A.  NCFA’s objective for regulation is that it should cost-effectively support (or not unduly inhibit) a competitive and vibrant crowdfunding regime and fintech industry in Canada that provides enhanced access to capital and investment opportunities and is worthy of  investor confidence. B.  However well-intentioned, the current regulatory regime is inhibiting innovation and competition in Canada (although other factors are also in play). Please see the most recent NCFA submission to Ontario Ministry of Finance: ‘Urgent Need for Regulatory Change’ or the Competition Bureau's market study report titled ‘Advancing the Dialogue on the Future of Financial Services’. C.  Detailed, prescriptive regimes can cause harm by (among other things): (1) not providing the right incentives for businesses to take responsibility for managing themselves well and treating customers fairly, and (2) distracting senior management and boards from focusing on essential governance improvements, strategic planning, policy and process improvements, fundraising, marketing, etc. D.  NCFA has argued that the regulatory environment in Canada must change so fintechs, and start-ups generally, may enter the market, grow, and thrive. But supportive regulation is not enough.   Businesses must do more to bridge the gap ...
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Self-regulation: Is it time?
CNBC | Ryan Browne | Dec 29, 2017 Banks have long been at an advantage when it comes to data on their customers. From current accounts to credit cards, established lenders have access to vast amounts of information that financial technology (fintech) competitors could only dream of. In Europe, that could all be about to change. On January 13, banks operating in the European Union will be forced to open up their customer data to third party firms — that is, when customers give consent. EU lawmakers hope that the introduction of the revised Payment Services Directive (PSD2) will give non-banking firms the chance to compete with banks in the payments business and give consumers more choice over financial products and services. See: Advancing the dialogue on the future of financial services Competition Bureau weighs in on fintech: urgent action required Britain's Competition and Markets Authority (CMA) has set out similar plans to let customers share their data with other banks and third parties. With customer consent, U.K. banks will be required to give authorized third-party firms access to current account data. Those regulations form part of a conceptual transition known as "open banking." Under an open banking framework, proponents ...
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Europe’s banks brace for a huge overhaul that throws open the doors to their data
NCFA Canada | Jan 8, 2017 With CCS2018 Fintech & Funding Expo and Crypto conference fast approaching March 5-6 in Toronto at the Design Exchange, we thought it would be great to feature some of the volunteers this year.  Meet Janni Hjorth.  A new comer to Canada from Denmark (4 months in Toronto) who has been volunteering and working on her own business and funding campaign. Why did you choose to volunteer for CCS2018 and the NCFA? Volunteering is a great way for communities to grow, for individuals to acquire new skills and to support those around us. But for me it’s also a part of my strategy to establish and grow my network in a globalized world, and the upcoming CCS2018 Venture Expo and 'all things' Crowd and Crypto is a perfect fit.  We're looking to raise capital for our business, meet investors, movers ad shakers and expand our network in the fintech arena. See:  Save the Date March 5-6: Annual CCS2018 Capital Raising Expo and Conference I have travelled my whole life both for personal and professional reasons. The first time I moved to another country as an 18 year old, I realized that in order to become ...
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CCS2018 Venture Expo and Crypto Conference:  Meet one of the Volunteers (Janni Hjorth)

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Thanks for another AWESOME Sold Out Capacity Crowd!

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

Check out the Photos

Check out 'Fintech & Funding' Event Page


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

For funding platforms, companies and investors:

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Fintech and alternative finance survey

Learn more about this Important Survey...

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3rd Annual CCS2017 'Fintech & Funding' Conference

A Great Success!  Thanks for everyone's support! 

Conference Wrap-up

Photo Album

Video Highlight Reel

Website:  Crowdfundingsummit.ca/CCS2017/


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

Download the Free Report Now!

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

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

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View Press Release

View Presentation Decks (Slideshare)

View Photo Album

View Event Wrap-up

View Pitching Showcase Winners


[Breaking News]:  Sep 27, 2016

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


June 9, 2016:  Rapid fire Crowdfunding Opps for Advisors

Thanks to the DMZ and Trinity Compliance Partners!

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

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Jun 1:  Summer Officially 'Kicked Off' !

View Photo Album

NCFA Fintech Crowdfunding Community 2016


 

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

Open letter P2P lending


 

THANKS TO ALL PARTICIPANTS

For making CCS2016 another SELL OUT SUCCESS! 

View event wrap-up

View the full photo album

View the Highlights Video

View Hon. Charles Sousa's Opening Speech

CCS2016 - March 3 2nd Annual Canadian Crowdfunding Summit

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*Important for Canadian platforms or portals servicing Canadian markets

(Deadline Ended)

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

(View Photos)

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More info


 

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

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

Click here for more info...


Open letter to PM-designate Trudeau


Canadian Alternative Finance Platforms Encouraged to Participate!

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

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

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

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

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

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

Click here for more info...


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

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

Click here for more info...

 


 

Check out our May 28 Networking Crowd & Rooftop Venue!

May 28 Summer Kickoff Networking

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CF2015 Industry Report

GET the 2015 Massolution Global Industry Report --> Now

 NCFA Members Get 25% Discount Code = NCFAC100

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

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

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

Click here for more info...

 


2016 Canadian Crowdfunding Directory

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

CFP Aug-10-2016

Click here for more info...

 


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

AUM Law | Paul Hayward | June 5, 2015

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

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

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

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

Click for more info...


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

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