Category Archives: Equity Crowdfunding

NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

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SBE Council | Sep 16, 2020

Fund small business recovery - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

New Report Highlights Investment Crowdfunding’s Success, and COVID-19 Policy Opportunities for Recovery

Today, Crowdfund Capital Advisors (CCA) and the Small Business & Entrepreneurship Council (SBE Council) released a new report detailing the growing power and prevalence of investment crowdfunding and the need for a “Main Street Recovery Co-Investment Fund.”

“We need to act quickly to stop the bleeding on Main Street,” says Sherwood Neiss, Principal at Crowdfund Capital Advisors.

“Short term band aids might slow the trauma, but we need a program that can quickly get capital to local businesses in a way that is supported by local investors. This will create a long-term win that will rebuild and sustain local economies, provide dividends to investors and achieve what Congress is trying to accomplish at the local level,” adds Neiss.

In the report, Regulation Crowdfunding by Congressional District: A Report Card, CCA and SBE Council review the progress of investment crowdfunding since 2016.  The Jumpstart Our Businesses Startup Act (JOBS Act) of 2012 enacted changes that ushered in investment crowdfunding, which officially launched following the finalization of Securities and Exchange Commission (SEC) rules in 2016.

Currently, the SEC is in the process of advancing regulatory proposals that would enable issuers to raise more capital than what is allowed by current caps, and provide for other changes to make Regulation Crowdfunding more accessible and effective for small businesses and startups. In addition, in response to COVID-19, the SEC recently extended temporary rules intended to expedite the offering process for small businesses by providing conditional relief from certain requirements of Regulation Crowdfunding.

See: 

NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

NCFA Open Letter: Government should collaborate with Fintechs

NCFA Response to the Modernizing Ontario’s Capital Markets Consultation Taskforce

FFCON20 Video:  State of Equity Crowdfunding in 2020

 

As noted in the report, there have been no cases of fraud with investment crowdfunding.

SBE Council president & CEO Karen Kerrigan asserts that innovative solutions like a “Main Street Recovery Co-Investment Fund” are desperately needed to help the nation’s economy dig out of its deep hole, and allow local communities to survive by supporting their businesses and new startups.

A comprehensive approach needs to include a co-investment fund to help local economies recover, rebuild and reinvent themselves. This includes urban and rural areas alike, along with enabling new business creation given the massive volume of business closures that will profoundly affect local communities.

The good news is that this type of fund has been successful in the UK through its Future Fund, which means our government will not be testing a new concept. The co-investment fund injects federal dollars into businesses that have been validated by local investors on regulated platforms, and accountable under an existing federal framework. There has been no fraud since inception,” said Kerrigan.

Under the co-investment funding model, the federal government would match 100% of funds raised from communities via a securities-based crowdfunding platform (not to exceed $250,000 per business). The federal money that is received by small businesses would be paid back. CCA and SBE Council are recommending that $20 billion be allocated to the fund.

U.S. JOBS Act Equity and Debt Crowdfunding Results Since 2016:

● 3,100 stock offerings have been listed by 2600-plus companies.

●  These offerings occurred in 90% of U.S. Congressional Districts (393 districts):

-95% of women-led districts had JOBS Act stock offerings

-93% of minority-led districts had JOBS Act stock offerings

-77% of districts had multiple offerings

-Nearly 50% of districts had campaigns that raised from $250,000 to $5 million

● $500,000,000 has been committed to these offerings.

● 700,000 retail investors participated in diverse offerings across the United States.

● Capital has been delivered to companies in 450-plus industries and across 850 cities.

● This capital has supported over 100,000 JOBS.

● Average amount raised per offering:  $342,000.

● Since inception, the SEC and Crowdfund Capital Advisors have each concluded that there has been NO SECURITIES FRAUD in these offerings.

● Pre-Covid-19: The monthly volume of capital raised in February 2020 was $9 million. During the Covid-19 crisis, the monthly amount raised has increased dramatically.

-In August 2020, the amount of capital raised was $25 million, which represents an INCREASE of 2.8x in just 6 months. Community-focused investing is delivering significant capital to local businesses.

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NCFA Jan 2018 resize - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital



NCFA COVID 19 letter to government to support Fintechs and SMEs - NEW REPORT: Small Business SOS – It’s Time to Supercharge Local Crowdfunding to Unlock Needed Capital

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RegCF Online Investment: Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital

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Crowdfund Capital Advisors | Sherwood Neiss | Aug 13, 2020

RegCF trending during Covid 19 - RegCF Online Investment:  Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and CapitalOnline investment by both retail and accredited investors into startups and small businesses was legalized by the JOBS Act in 2012. Regulation Crowdfunding, one of the provisions in the Act, allows firms to raise up to $1.07 million online each year and went into effect in May 2016. The industry was slow to gain traction but 4 years later, momentum is building. July, which has typically been one of slowest months, saw records for the highest number of offerings in a single month, the highest amount of commitments, as well as the highest number of investors.

Our data analysis signals a few things:

  1. Based on the number of firms that reference COVID-19, many companies are coming online to search for capital where they can’t get it from banks or government programs like the Payroll Protection Program (PPP). We expect this to continue.
  2. Based on the number of firms that are more than 3 years old and are revenue generating, companies see online finance as a viable alternative that puts them in control of their fundraising efforts as opposed to relying on a bank or venture capital.
  3. Market awareness about this new method of raising funds is finally gaining traction and expanding at a rate we have yet to see.

Here is how July 2020 compares:

See: 

How crowdfunding is supporting Black livelihoods and communities

Video:  FFCON20 Panel - State of RegCF (Equity Crowdfunding) in 2020

Offerings:

  • July is typically the second slowest month for new offerings.
  • This July was the highest month of new offerings since the industry started with 128 new offerings. This was 74 more offerings than July 2019 or a 137% increase.
  • The next month closest to that was October 2019 with 100 new offerings.
  • Since the launch of Regulation Crowdfunding there have 2,768 offerings. Of all these offerings 11% happened in the first quarter of this fiscal year.

Commitments:

  • July was the highest month of investor commitments at $23.2 million. The next closest month was October 2019 with $18.5 million. (See chart below)
  • June and May of this year were the 3rd and 4th highest months of commitments.
  • The first quarter of this fiscal year saw more commitments than the entire first year of Regulation Crowdfunding.
  • We expect this trend to continue throughout the year.

RegCF continues to grow in the US - RegCF Online Investment:  Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital

Investors:

  • July was the highest month of investors with more than 40,000.
  • According to interviews with the platforms and issuers, 80% of investors are retail and 20% are accredited and 80% of capital comes from friends, family, customers and followers.
  • October 2019 was the second highest at 39,400.
  • There have been more investors in the first quarter of this fiscal year than the first seven quarters of Regulation Crowdfunding.
  • This proves that there is an appetite among local investors to support their local businesses as more than just customers but as investors as well.

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NCFA Jan 2018 resize - RegCF Online Investment:  Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - RegCF Online Investment:  Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital



NCFA COVID 19 letter to government to support Fintechs and SMEs - RegCF Online Investment:  Highest Monthly Activity in July; Small Firms Most Affected by COVID-19 Find Ready Investors and Capital

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Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year

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Crowdfund Insider | | Aug 11, 2020

Seedrs lobby - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last yearSeedrs is a top UK based investment crowdfunding platform that is active in both the UK and continental Europe. Launched in 2012, Seedrs is a trailblazer in online capital formation for early-stage ventures. Since inception, Seedrs has booked over 1100 funded deals recording about £950 million in investment while hosting the most robust marketplace for secondary transactions for crowdfunded securities. Many well-known tech-names have utilized the platform to raise growth capital while enlisting a wider audience of investors that may become unofficial brand ambassadors. Revolut, one of the top UK based digital banks, has crowdfunded on Seedrs.

When COVID dropped the world into a global pandemic, like almost all businesses, Seedrs was impacted. Yet out of the shattering economic decline, Seedrs, like some other online investment platforms, has adapted and in many respects thrived. Seedrs quickly embraced the Future Fund schemed crafted by HM Treasury to help support startups and early-stage ventures that did not qualify for loan based Coronavirus support programs. In the weeks since the Future Fund became actionable, Seedrs has helped dozens of early-stage firms to utilize the government program to raise matching funds in a convertible security offering. Seedrs is probably the most active digital platform leveraging the Future Fund.

See:  NCFA Open Letter: Government should collaborate with Fintechs to Recovery the Economy Faster

Seedrs co-founder Jeff Lynn was Seedrs longtime CEO until passing the baton over to Jeff Kelisky and stepping into the role as Chairman of the firm. As Chairman, Lynn has remained a staunch advocate of Seedrs’ mission to recreate early-stage funding Recently, Crowdfund Insider queried Lynn about Seedrs performance during the COVID pandemic. Our conversation is below.

How has Seedrs adapted to the new environment of social distancing and remote work?

Jeff Lynn: As a digital business, we’re very fortunate that we’re able to work remotely, and that we can continue to provide the same level of service to our entrepreneurs and investors as we could when we were in the office. That being said, I think the whole team misses getting to work together in person, and looks forward to being back in the office eventually.

Do you anticipate that some of these changes will stick long term?

Jeff Lynn: Like many businesses, we are having a conversation with our team about how to combine the benefits of working from home, which we’ve all experienced over the last few months, with the value that comes from being in the office. I don’t know where that will land in the long run, but it would not surprise me if we see a general shift in the working world — at least among digital businesses — to one in which most people work in the office a few days a week and at home the other days.

See:  Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding

Seedrs quickly moved to list issuers under the Future Fund scheme. How many issuers have participated in this program? How is it working out so far?

Jeff Lynn: It’s been great. The Future Fund is a very important initiative that has helped to unlock private capital during a time when it might have frozen up, while at the same time providing additional government funding in order to extend runways and help businesses navigate (and in some cases continue to grow) through this crisis. So far we’ve had 26 Future Fund campaigns, and there are more to come. We’re very pleased to be able to play a part in this powerful and unusual funding opportunity.

Just recently, variable pricing was announced for Seedrs Secondary Market – a significant change. How is your marketplace progressing? A quick glance displays a lot of green (higher values).

Jeff Lynn: We’re thrilled with the continued growth of the Seedrs Secondary Market. It is one of the pillars of our well-publicised efforts to move beyond crowdfunding and toward becoming a full-scale marketplace for private capital. And the introduction of a basic form of variable pricing, which launched this month, is a key part of the Secondary Market’s evolution. We won’t know the exact impact on numbers until after this month’s trading cycle closes, but just based on observation it looks like there has been a significant takeup of the opportunity to offer shares at a premium or discount.

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NCFA Jan 2018 resize - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Seedrs Founder Jeff Lynn: We are experiencing meaningfully higher levels of fundraising and investment activity than the same time last year



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Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding

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OSC | Press Release | Jul 31, 2020

OSC 1 - Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfundingToronto – The Canadian Securities Administrators (CSA) today announced that in light of COVID-19 and the challenges it presents to small businesses seeking to raise capital, the Ontario Securities Commission (OSC) made an interim local order that adopts the start-up crowdfunding regime currently in place in certain other Canadian jurisdictions (the Interim Order).

The Interim Order, which takes effect in Ontario on July 30, 2020, provides registration and prospectus exemptions for start-up crowdfunding that are substantially similar to the local exemptions in British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick and Nova Scotia.

On February 27, 2020, the CSA published for comment National Instrument 45-110 Start-Up Crowdfunding Registration and Prospectus Exemptions (the Proposed National Instrument), which will replace and harmonize the local start-up crowdfunding exemptions in British Columbia, Alberta, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (as well as those in Ontario adopted through the Interim Order). The comment period on the Proposed National Instrument ended on July 13, 2020.

“The adoption of the Interim Ontario order will better facilitate access to capital for start-ups and other small businesses, while still providing appropriate investor protection,” said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers. “These types of businesses have faced significant funding challenges as a result of the pandemic, and can benefit from having more unified regulatory requirements to expand their access to capital.”

The Interim Order can be found on the OSC’s website and remains in effect until the Proposed National Instrument is adopted or until 18 months from the effective date of the order. Other jurisdictions will make corresponding updates to their local guidance documents to include Ontario.

See:  OSC announces leadership of new Office of Economic Growth and Innovation

Proposed National Instrument 45-110 Start-Up Crowdfunding Registration and Prospectus Exemptions can be found on CSA members’ websites.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

View:  original release

 


NCFA Jan 2018 resize - Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Ontario introduces interim registration and prospectus exemptions to facilitate start-up securities crowdfunding



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Bid – Ask: Seedrs Secondary Market Now Allows Variable Pricing for Listed Securities

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Crowdfund Insider | | Jul 27, 2020

SeedrsSeedrs raising capital - Bid – Ask: Seedrs Secondary Market Now Allows Variable Pricing for Listed Securities has long been an innovator in the secondary market for crowdfunded securities. Today, the leading UK based crowdfunding platform is announcing variable pricing for its secondary market.

Launched in 2017, Seedrs Secondary Market has continued to iterate and add new features and functionality. Of course, the biggest challenge is liquidity but that is something that should resolve itself over time as the platform grows and external issuers utilize the marketplace.

According to a recent blog post, Seedrs July market volume saw levels return to their “pre-Revolut levels of trading.” Seedrs states that during the July opening, 907 share lots were sold worth £229,000. There were 456 buyers and 423 sellers trading in securities issued by 162 businesses at an average value per business of £1.4k. Seedrs reports that each seller made an average profit of £202.

See:  OSC LaunchPad approves TokenGX (Tokenfunder) for Secondary Trading of Digital Securities

Variable pricing should make it easier for buyers and sellers to make a market by matching supply with demand more effectively.

In an email, Seedrs founder and Chairman Jeff Lynn said variable pricing represents an “important milestone in our work to be a full-scale marketplace for private investments.”

“The change will work as follows. Previously, as a prospective seller, you have only been able to list shares on the Seedrs Secondary Market at the set price we determine under our Valuation Policy (which is usually the company’s latest valuation). Buyers in turn have only been able to buy the shares at that price. Starting now, however, we will allow sellers to list their shares at a premium or discount price – up to 30% above or below the marked share price – if they so choose. Buyers will see each share lot and the price at which it is listed, and they can make their investment decision accordingly.”

The change is effective as of today and will be available during the August market day.

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NCFA Jan 2018 resize - Bid – Ask: Seedrs Secondary Market Now Allows Variable Pricing for Listed Securities The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Bid – Ask: Seedrs Secondary Market Now Allows Variable Pricing for Listed Securities



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After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchange

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Crowdfund Insider | | Jun 19, 2020

Very good butchers win NCFAs Vanfunding pitch event - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchange

Nov 2018: Very Good Butchers wins NCFA's VanFUNDING pitch event, closing their current round on the spot and receive a Dragons Den golden ticket!

The Very Good Food Company Inc. (CSE: VERY) has completed an initial public offering (IPO) on the Canadian Stock Exchange.

Mitchell Scott, CEO of VGF, issued the following statement on the successful listing:

“We were very pleased to see investors welcome our company to the public markets with open arms. After months of preparation for our public listing, we can all breathe a sigh of relief as the results of our first day truly exceeded our expectations. We are humbled to see customers become shareholders, as they look to align themselves with our vision. Yet, our work is far from done and we are focused on seizing on our momentum to grow the Very Good brand into a global leader in the plant-based food technology industry.”

VGF floated 16.1 million shares on the CSE at a price per share of $0.25 raising over $4 million in gross proceeds. Today, the shares are trading significantly higher at $0.92/share. Canaccord Genuity managed the offering and the banker was said to have exercised the over-allotment offering on the IPO.

See:  Vote for your favourite FFCON20 Fintech Draft Shotlisted companies!

Scott said the IPO was a critical milestone for the company as it seeks to realize their vision of becoming a global leader in food technology. Scott said they have seen significant growth in their eCommerce and in-store sales, including a rapid increase in subscriptions to their monthly recurring delivery service.

Two years ago, VGF raised capital on Canada’s top crowdfunding platform – FrontFundr. At that time, VGF raised $600,000 from 240 individual investors  in a three-year convertible note.

FrontFundr CEO and founder Peter-Paul Van Hoeken congratulated the Very Good Food Company with the successful completion of their IPO. Van Hoeken stated:

“Two years ago, The Very Good Food Company successfully raised capital on FrontFundr from the public and they are now one of the first plant-based food companies listed publicly in Canada. This is a great example of how equity crowdfunding enabled the public to invest at the very beginning and empowered the founders to build a remarkable company!”

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NCFA Jan 2018 resize - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchange The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities ExchangeFF Logo 400 v3 - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchangecommunity social impact - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchange

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - After Crowdfunding on FrontFundr, the Very Good Food Company IPOs on Canadian Securities Exchange



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Cambridge launches the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey in Partnership with World Bank Group and World Economic Forum

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Cambridge Centre for Alternative Finance | Tania Zielgar | Jun 17, 2020

Global Benchmarking and Covid 19 Survey Banner - Cambridge launches the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey in Partnership with World Bank Group and World Economic ForumNCFA Intro:  NCFA is please to provide continued support as a National industry partner of the Cambridge Centre for Alternative Finance research initiatives in Canada.  It's absolutely essential that data and research be collected and anlayzed to help identify trends, inform policy and understand the state of industry during these times of global risk and innovative change.  We strongly advise all fintech firms, research partners and anyone who is able to help this important survey collection initiative by completing the survey and sharing it widely among your network.

Overview of the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey

For the past several years, the CCAF has produced comprehensive industry-focused research on the evolution of alternative finance; documenting and analysing the development of Crowdfunding, P2P/Marketplace Lending and other FinTech markets from across 190 countries.

This year’s benchmarking survey will also include the recently launched The Global Covid-19 Fintech Market Rapid Assessment Study, in partnership with the World Bank Group and the World Economic Forum. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy implications. This research program has resulted in 20 reports, which are disseminated freely to inform policy and raise public awareness of alternative finance. This research has provided unique detail and insight into the changing FinTech landscape, creating a valuable evidence-base for policymakers, regulators, and industry stakeholders to utilize when evaluating the FinTech ecosystem within their local context or from a globally comparative perspective.

The Fintech landscape is changing rapidly as a result of Covid-19. This report, and the historical data on this industry more broadly, provide signposts as to the general development trajectories of firms when faced with this pandemic, and where strengths and weakness may lie.

The survey will hence include two key components:
1.    Time-series data required to continue the CCAF long-standing tradition of benchmarking and scoping the industry (referring to your 2019 activities), and
2.    Covid-19 focused time-sensitive data on a) market performance, b) regulatory needs & policy asks, and c) operational changes & implications.

The long-term impact of Covid-19 is yet to be known. By coupling longitudinal data with this research initiative, we can begin to test the resiliency of this market and provide clear, evidence-based assessments on how the sector will continue to develop.

As with all our reports, the Global Covid-19 Fintech Market Rapid Assessment (anticipated publication Q3) and the Annual Global Alternative Finance Industry Report (Q4) will be made available to the public and actively disseminated to provide key insights to regulators, policymakers and key industry stakeholders.  

Cambridge global benchmarking survey taxonomy - Cambridge launches the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey in Partnership with World Bank Group and World Economic Forum

Thanks in advance for your contribution to the study:  Take the Survey Now

https://jbs.eu.qualtrics.com/jfe/form/SV_7PRyNSA3B5IKIrX

The Covid-19 pandemic presents both serious challenges and potential opportunities for the global FinTech industry to grow and scale, with the long-term effects yet unknown. By coupling the CCAF’s longitudinal data with this exciting research initiative, we can begin to test the resiliency of this market and provide clear, evidence-based assessments on how the sector will continue to develop.

This Study will provide a global assessment of the FinTech ecosystem’s responses to the Covid-19 pandemic, with particular attention to the industry’s response to challenges and their regulatory and policy concerns.  This survey will result in a jointly published report between the CCAF, World Bank and World Economic Forum, and will be made available online.  You can find further information on the Study in the accompanying press-release.

The survey will close on July 31st. If you have any questions or comments, please feel free to contact the CCAF research team directly:  Tania Ziegler (t.ziegler@jbs.cam.ac.uk).

Take the survey now --> here

 

Other links you may like:

Cambridge Centre for Alternative Finance Publishes First Global Report on Alternative Finance: Over $300 Billion in Volume in 2018

Cambridge: Global Regulator Survey Results – Regulation of Alternative Finance is Key to Make Sector Safe to Scale for the Masses

 


NCFA Jan 2018 resize - Cambridge launches the Global Alternative Finance Industry Benchmark & Covid-19 Rapid Assessment Survey in Partnership with World Bank Group and World Economic Forum The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



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