Category Archives: Fintech and Real Estate

Bank On It Podcast: Turning a Funding Failure Into a Win

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Bank On It podcast | John Siracusa | March 11, 2020

peerstreet - Bank On It Podcast:  Turning a Funding Failure Into a Win

This nugget was pulled from episode 160 from an interview with Brett Crosby,  co-founder & COO of PeerStreet. This nugget is on turning a funding failure into a win.

About Brett Crosby:

Brett is the co-founder and COO of PeerStreet, a platform for investing in real estate-backed loans. Crosby was previously the director of product marketing at Google, where he co-founded Google Analytics, helped start Google’s mobile advertising business and recently ran the global marketing teams responsible for the growth of Chrome, Gmail, Docs and Drive.

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NCFA Jan 2018 resize - Bank On It Podcast:  Turning a Funding Failure Into a Win 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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Fintech Canada Directory Category: Real Estate

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NCFA Jan 2018 resize - Fintech Canada Directory Category:  Real Estate 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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Crypto Pioneer Buys Penthouse in Former Toronto Trump Tower

share save 171 16 - Bank On It Podcast:  Turning a Funding Failure Into a Win

Bloomberg | By Natalie Wong and Gerrit De Vynck | June 20, 2018

Diiiorio new condo penthouse - Bank On It Podcast:  Turning a Funding Failure Into a WinA cryptocurrency baron has bought the largest and one of the most expensive condos in Canada, paying for it partly with digital money.

Anthony Di Iorio purchased the three-story penthouse for C$28 million ($21 million) at the St. Regis Residences Toronto, the former Trump International Hotel & Tower in the downtown business district. The unit totals 16,178 square feet (1,502 square meters) and includes a wrap-around patio overlooking the city’s skyline at the corner of Bay and Adelaide Streets.

Di Iorio didn’t take out a mortgage for the property because he doesn’t “like being in debt.” Instead, he cashed out some of his cryptocurrency and made a wire transfer to pay the price.

“I don’t remember exactly which ones I cashed in but this is my safety net, real estate right?” he said in an interview with Bloomberg at his new condo. He now owns two condos units in Toronto for a total investment of about C$34 million, he said. “I decided to take a bunch out and put it in real estate.”

The hotel is owned by InnVest Hotels LP and operated by Marriott International Inc. as the Adelaide Hotel Toronto, and will be rebranded the St. Regis once a renovation is complete. Residences in the building are owned by JCF Capital ULC.

See:  $57.9B deployed into fintech so far this year, Canada one to watch

Di Iorio got into the cryptocurrency craze on the ground floor as a co-founder of Ethereum. He was active in Toronto’s early blockchain community and was on the initial team that put together Ethereum, now the leading alternative to the Bitcoin platform. Ether, the currency that runs on Ethereum, now has a market value of around $50 billion compared with Bitcoin’s $115 billion. Di Iorio now runs Decentral, an “innovation hub’ in Toronto focused on blockchain projects. It’s the creator of the popular cryptocurrency wallet Jaxx.

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NCFA Jan 2018 resize - Bank On It Podcast:  Turning a Funding Failure Into a WinThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with fintech, alternative finance, blockchain, cryptocurrency, crowdfunding and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

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NCFA Canada | Team FFCON20 | Aug 9, 2020 Join us Thursday, August 13, 2020!    (Add to Google Calendar) Learn how traditional banking and payment sectors are being enhanced through digital assets The future of CBDCs, digital assets and trading Stability in finance – the profound impact of stablecoins The Rise of Decentralized Finance (DeFi) – the fastest growing crypto tokens, infrastructure and markets The anatomy of digital securities; how they work now, their evolution, use cases and are they right for our venture   FFCON20 Week 6:  In Focus NEXT UP --> Aug 13, 2020 Currency Wars, Digital Assets and DeFi Time remaining before registration closes ...
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Guest Post | Aug 7, 2020 As a business owner, you'll always be on your toes to ensure that your business succeeds. However, this may not always be the case. There are financial liabilities that could cost your business a great deal. These may include debts, payable interests, overdrafts, and other various acquired expenses. Liabilities can be categorized into current liabilities, contingent liabilities, and non-current liabilities just to mention but a few. All these could mean disaster for your business especially if you had not had a contingency plan. Now, this could either spell catastrophe for your business or the start of something new. In this informative guide, we'll be shedding more light on what you need to do if your business is on the edge of bankruptcy. 1. File for Bankruptcy If you've been running your business unsuccessfully and are found to be in debt, you shouldn't spend sleepless nights lamenting over it. Just file for bankruptcy and you'll find the help that you need. In doing so, it will help to shield you against creditors. This simply means that when creditors try to collect accumulated debts from you, you'll have been granted immunity by the courts. This, however, ...
Read More
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Norton Rose Fulbright | July 2020 Financial institutions, including banks, asset/fund managers and insurers, as well as established FinTech businesses and start-ups, have been presented with major disruptive events with the advent of COVID-19 and national lockdowns, and with the impending risk of global or regional recessions. How are financial institutions and FinTechs responding to such challenges? What role might new business models, strategic collaborations, investment and M&A, outsourcing, regulatory considerations, and the risk of litigation play in addressing such challenges? See:  Fintech Reports and Research To find out, in May and June we undertook a survey of a range of banks, asset/fund managers, insurers, established FinTech businesses, FinTech start-ups and venture capital and consulting firms across the globe. We invite you to read the findings of the survey which cover the following subject areas: FinTech as a strategic priority New FinTech use cases FinTech strategic collaborations FinTech investment and M&A Outsourcing and FinTech Regulatory impact in relation to FinTech initiatives FinTech areas of potential dispute Download the 23page PDF Report --> Now 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 ...
Read More
Norton Rose Fulbright Fintech and institutions covid lockdown recession Survey - Bank On It Podcast:  Turning a Funding Failure Into a Win
OSC | Press Release | Jul 31, 2020 Toronto – 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 ...
Read More
OSC 1 - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA Canada | Team FFCON20 | Aug 3, 2020 Join us Thursday, August 6, 2020!  As the digital economy grows and the world increasingly moves online, the future of digital identity will deliver new frameworks and infrastructure to support digital commerce, online interactions and social identification in more secure and robust ways than ever thought before. This future is here today where individuals and businesses can establish digital representations of their identities to serve as the gateway to store and protect sensitive data, manage permissions and ultimately enable the future of Convergence Marketplaces. Why digital identity matters globally in 2020 – where is it taking us and what’s the future How businesses and government need to adapt to consumer ownership of data Are consumers ready to control their own data? How blockchain technology and other core tenants are the foundation for Convergence Marketplaces – A peak into the future Liquid Avatar and and convergent marketplace DEMOs   FFCON20 Week 5:  In Focus NEXT UP --> Aug 6, 2020 Digital Identity & Convergence Marketplaces Time remaining for this deal ...
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NCFA | Samuel He | July 28, 2020 With technical job creation outpacing the rate of technical studies graduates, demand for software developers is high. As a result, competition for in-house software development talent is expensive. The rapidly growing Fintech space requires top-notch development teams to push the limits of new financial experiences. Ideas in fintech are plentiful, but the challenge is a lack of technical capability. Recognizing this need, Finnovate.io was founded in 2016 to provide digital innovation services to customers in the Fintech ecosystem. Finnovate.io specializes in web, mobile, and blockchain application development. They have a track record of providing technical expertise at all stages of product development. See:  Fearless: How Technology Helps Conquer our Fear of the Unknown Acting as a trusted software development partner, the company leverages its expertise in software technology and finance by working closely with a client’s core team. Their mission is to deliver results while cutting time to completion, costs, and stress. As a part of their product mix, they also deliver technical training to their Fintech partners. Finnovate.io’s training initiatives involved gamifying financial literacy training in the classroom for Junior Achievement. They also delivered a budget simulation experience that changes the way ...
Read More
finnovate.io home - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA | FFCON20 Team | July 28, 2020 Join us Thursday, July 30, 2020!  Leaders inspire a vision of the future, motivate and coach others, and bring together the resources and skills to achieve a vision.  They must overcome challenges and obstacles as they lead people, technology, markets and navigate regulation towards transformative change. How humans can adapt during crisis and how to unleash it How to understand and lead in culturally diverse and different environments What are the 'People lessons' learned for growing organizations? How can a dynamic leader capitalize on their vision, market and relationships? Interactive Networking Breakouts!  Network and learn with experts on the topics of 'Pitching & Funding During Covid-19, Fintech Innovation and Growth Mentoring' ...
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NCFA Canada | Craig Asano | July 28, 2020 TORONTO, JUL 28, 2020 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Michelle Beyo, Founder and CEO of Finavator, has joined the Association`s growing Advisory Group to advise on the areas of payments and financial inclusivity. Michelle Beyo is Founder & CEO of Finavator INC, Money2020 RiseUp Alumni, WomeninPayments Global Console & Award Committee Member, FinTech Advisor, CPPO Member, Amazon Prime Docu-Series Associate Producer and Participate on season two of The Social Movement. Michelle started Finavator as she is passionate about payments & financial inclusion. Her background in Telecoms, E-commerce, Prepaid and Loyalty programs nurtures her passion for the world of tech. She has 20 years of extensive industry experience driving innovation across the retail and payments industry. Her most recent roles were as Chief Client Officer for a Blockchain startup focused on consent-based data sharing, Senior Director of Sales and Marketing at InComm, and Director of Loyalty Solutions for Aeroplan Division at International Marketing Company. Her company, Finavator (www.finavator.com), helps Enterprise and Fintech companies present their customers with innovative payment and digital services. Finavator's team has experience and expertise in Payments, Open Banking, Prepaid Solutions, ISO 20022, Challenger Banks, , Affiliate Marketing, Micro Loans, E-Commerce, ...
Read More
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Crowdfund Insider | JD Alois | Jul 27, 2020 Seedrs 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 ...
Read More
Seedrs raising capital - Bank On It Podcast:  Turning a Funding Failure Into a Win
Sifted | Isabel Woodford | Jul 22, 2020 It's been a slow journey to get UK customers meaningful control of their bank data. Is the next phase of "open finance" the answer? It’s a noble task to want to help users control, access and utilise their financial data better. The problem is, users aren’t convinced they want a third-party poking their nose into their data, or if it’s really of much use to them. Here are their top four top takeaways about what it will take for open banking to take off, and why open finance is an important next step. 1) Success relies on building awareness The panellists agreed that one key obstacle to open banking so far has been a trust-gap; fuelled by poor communication around user-benefits. See:  3 examples of what open finance can do right now Roisin Levine referenced research that still shows “very, very low percentages” of people say they’re willing to share their data in exchange for “more personalised services.” She said these vague concepts are unhelpful and apps need to “explain this stuff…don’t use these big, high-level generic terms.” She recommended products leveraging open banking get more specific about the benefits to boost ...
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When banks balk, ordinary investors can become city builders with ‘small change’

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The Globe and Mail | | June 22, 2018

Eve picker small change - Bank On It Podcast:  Turning a Funding Failure Into a Win

In today’s new model of real estate investment, a prospective investor can search for projects of interest on a laptop and, several mouse clicks later, send funds along. With no middlemen and no banks to decide which projects are worthy of financing, investment opportunities are no longer restricted to the very wealthy or the tried-and-true.

“This is investing democratized, and this is how capital will be formed going forward,” said Eve Picker, a Pittsburgh-based architect, city planner and founder of a real estate equity crowdfunding platform called Small Change.

Ms. Picker was a keynote speaker at the recent Building a Better City forum at the Westin Hotel in Ottawa, co-hosted by The Globe and Mail and Dream REIT. She was among a diverse group of panellists who discussed the challenges of progressive development as urban populations continue to grow around the world.

According to Statistics Canada, more than 80 per cent of Canadians live in cities, which is one of the highest rates of urbanization in the G7. And as municipalities across the country tackle challenges that range from protecting heritage to improving road safety, finding capital to create more liveable cities is an ongoing challenge.

Ms. Picker believes crowdfunding is the answer, citing figures from the World Bank that estimate a global crowdfunding market potential of up to $96-billion by 2025.

“In 2010, that figure was under $1-billion. In 2016, crowdfunding surpassed all investments made by venture capital,” she said.

See:  Real estate crowdfunding in Canada: portal insights for 2017/18

At Small Change, Ms. Picker uses crowdfunding to fill the financing gap by matching investors with developers, raising funds for transformative real estate projects with the goal of making cities more vibrant and liveable.

When she first arrived in Pittsburgh to work as an urban designer for its planning department, the city had lost half of its population due to the relocation of the steel mill industry. She began purchasing and remaking buildings in abandoned neighbourhoods in which no one else was ready to invest.

What she found was that making abandoned buildings functional and attractive again was the easy part. Despite the success of ground-breaking and innovative improvements that paved the way for the city’s revitalization, she struggled to find enough capital.

As banks became more skittish and federal community-building funds dried up, it became increasingly impossible to continue. Her financial partners evaporated, leading her to create Small Change.

“Innovation makes banks really nervous. They want to finance tried-and-true solutions, not new ones. But we need innovation – lots and lots of it – to build better cities,” she said.

“So how do we break the cycle? How can we finance change?”

Cue the arrival of fintech – the merger of finance with technology that has made possible now-ubiquitous products and services such as shopping on Amazon, online bank transfers and the ability to purchase bitcoin. As one of the fastest growing areas for venture capital, fintech is all about innovation.

“Banks won’t lend to tiny houses, your village on a barge, or your condos on a cruise ship, but the crowd just might,” she said.

“This rapidly growing tiny industry is the future of capital formation.”

So how does crowdfunding build better cities? Ms. Picker cited several of her own success stories when banks refused credit, which include funding a construction loan to build Pittsburgh’s first tiny house in an underserved neighbourhood.

With the use of crowdfunding, Small Change helped to convert a historic building to a premier co-working space, build affordable starter homes in New Orleans, and bring to fruition an artist co-op bed and breakfast that will provide affordable housing to artists.

Along with the need to provide more affordable housing and reimagine public spaces, other panellists at the forum spoke of the need to be more intentional in reflecting diverse cultures and meeting the needs of local populations.

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NCFA Canada | Team FFCON20 | Aug 9, 2020 Join us Thursday, August 13, 2020!    (Add to Google Calendar) Learn how traditional banking and payment sectors are being enhanced through digital assets The future of CBDCs, digital assets and trading Stability in finance – the profound impact of stablecoins The Rise of Decentralized Finance (DeFi) – the fastest growing crypto tokens, infrastructure and markets The anatomy of digital securities; how they work now, their evolution, use cases and are they right for our venture   FFCON20 Week 6:  In Focus NEXT UP --> Aug 13, 2020 Currency Wars, Digital Assets and DeFi Time remaining before registration closes ...
Read More
Week 6 Currency Wars Digital Assets and DeFi resize - Bank On It Podcast:  Turning a Funding Failure Into a Win
Guest Post | Aug 7, 2020 As a business owner, you'll always be on your toes to ensure that your business succeeds. However, this may not always be the case. There are financial liabilities that could cost your business a great deal. These may include debts, payable interests, overdrafts, and other various acquired expenses. Liabilities can be categorized into current liabilities, contingent liabilities, and non-current liabilities just to mention but a few. All these could mean disaster for your business especially if you had not had a contingency plan. Now, this could either spell catastrophe for your business or the start of something new. In this informative guide, we'll be shedding more light on what you need to do if your business is on the edge of bankruptcy. 1. File for Bankruptcy If you've been running your business unsuccessfully and are found to be in debt, you shouldn't spend sleepless nights lamenting over it. Just file for bankruptcy and you'll find the help that you need. In doing so, it will help to shield you against creditors. This simply means that when creditors try to collect accumulated debts from you, you'll have been granted immunity by the courts. This, however, ...
Read More
bankrupt image - Bank On It Podcast:  Turning a Funding Failure Into a Win
Norton Rose Fulbright | July 2020 Financial institutions, including banks, asset/fund managers and insurers, as well as established FinTech businesses and start-ups, have been presented with major disruptive events with the advent of COVID-19 and national lockdowns, and with the impending risk of global or regional recessions. How are financial institutions and FinTechs responding to such challenges? What role might new business models, strategic collaborations, investment and M&A, outsourcing, regulatory considerations, and the risk of litigation play in addressing such challenges? See:  Fintech Reports and Research To find out, in May and June we undertook a survey of a range of banks, asset/fund managers, insurers, established FinTech businesses, FinTech start-ups and venture capital and consulting firms across the globe. We invite you to read the findings of the survey which cover the following subject areas: FinTech as a strategic priority New FinTech use cases FinTech strategic collaborations FinTech investment and M&A Outsourcing and FinTech Regulatory impact in relation to FinTech initiatives FinTech areas of potential dispute Download the 23page PDF Report --> Now 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 ...
Read More
Norton Rose Fulbright Fintech and institutions covid lockdown recession Survey - Bank On It Podcast:  Turning a Funding Failure Into a Win
OSC | Press Release | Jul 31, 2020 Toronto – 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 ...
Read More
OSC 1 - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA Canada | Team FFCON20 | Aug 3, 2020 Join us Thursday, August 6, 2020!  As the digital economy grows and the world increasingly moves online, the future of digital identity will deliver new frameworks and infrastructure to support digital commerce, online interactions and social identification in more secure and robust ways than ever thought before. This future is here today where individuals and businesses can establish digital representations of their identities to serve as the gateway to store and protect sensitive data, manage permissions and ultimately enable the future of Convergence Marketplaces. Why digital identity matters globally in 2020 – where is it taking us and what’s the future How businesses and government need to adapt to consumer ownership of data Are consumers ready to control their own data? How blockchain technology and other core tenants are the foundation for Convergence Marketplaces – A peak into the future Liquid Avatar and and convergent marketplace DEMOs   FFCON20 Week 5:  In Focus NEXT UP --> Aug 6, 2020 Digital Identity & Convergence Marketplaces Time remaining for this deal ...
Read More
Week 5 Digital Identity and Convergence Marketplaces resize2 - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA | Samuel He | July 28, 2020 With technical job creation outpacing the rate of technical studies graduates, demand for software developers is high. As a result, competition for in-house software development talent is expensive. The rapidly growing Fintech space requires top-notch development teams to push the limits of new financial experiences. Ideas in fintech are plentiful, but the challenge is a lack of technical capability. Recognizing this need, Finnovate.io was founded in 2016 to provide digital innovation services to customers in the Fintech ecosystem. Finnovate.io specializes in web, mobile, and blockchain application development. They have a track record of providing technical expertise at all stages of product development. See:  Fearless: How Technology Helps Conquer our Fear of the Unknown Acting as a trusted software development partner, the company leverages its expertise in software technology and finance by working closely with a client’s core team. Their mission is to deliver results while cutting time to completion, costs, and stress. As a part of their product mix, they also deliver technical training to their Fintech partners. Finnovate.io’s training initiatives involved gamifying financial literacy training in the classroom for Junior Achievement. They also delivered a budget simulation experience that changes the way ...
Read More
finnovate.io home - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA | FFCON20 Team | July 28, 2020 Join us Thursday, July 30, 2020!  Leaders inspire a vision of the future, motivate and coach others, and bring together the resources and skills to achieve a vision.  They must overcome challenges and obstacles as they lead people, technology, markets and navigate regulation towards transformative change. How humans can adapt during crisis and how to unleash it How to understand and lead in culturally diverse and different environments What are the 'People lessons' learned for growing organizations? How can a dynamic leader capitalize on their vision, market and relationships? Interactive Networking Breakouts!  Network and learn with experts on the topics of 'Pitching & Funding During Covid-19, Fintech Innovation and Growth Mentoring' ...
Read More
Leadership image 1 - Bank On It Podcast:  Turning a Funding Failure Into a Win
NCFA Canada | Craig Asano | July 28, 2020 TORONTO, JUL 28, 2020 – The National Crowdfunding & Fintech Association of Canada (NCFA) today announced that Michelle Beyo, Founder and CEO of Finavator, has joined the Association`s growing Advisory Group to advise on the areas of payments and financial inclusivity. Michelle Beyo is Founder & CEO of Finavator INC, Money2020 RiseUp Alumni, WomeninPayments Global Console & Award Committee Member, FinTech Advisor, CPPO Member, Amazon Prime Docu-Series Associate Producer and Participate on season two of The Social Movement. Michelle started Finavator as she is passionate about payments & financial inclusion. Her background in Telecoms, E-commerce, Prepaid and Loyalty programs nurtures her passion for the world of tech. She has 20 years of extensive industry experience driving innovation across the retail and payments industry. Her most recent roles were as Chief Client Officer for a Blockchain startup focused on consent-based data sharing, Senior Director of Sales and Marketing at InComm, and Director of Loyalty Solutions for Aeroplan Division at International Marketing Company. Her company, Finavator (www.finavator.com), helps Enterprise and Fintech companies present their customers with innovative payment and digital services. Finavator's team has experience and expertise in Payments, Open Banking, Prepaid Solutions, ISO 20022, Challenger Banks, , Affiliate Marketing, Micro Loans, E-Commerce, ...
Read More
Michelle.Beyo 320 - Bank On It Podcast:  Turning a Funding Failure Into a Win
Crowdfund Insider | JD Alois | Jul 27, 2020 Seedrs 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 ...
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Seedrs raising capital - Bank On It Podcast:  Turning a Funding Failure Into a Win
Sifted | Isabel Woodford | Jul 22, 2020 It's been a slow journey to get UK customers meaningful control of their bank data. Is the next phase of "open finance" the answer? It’s a noble task to want to help users control, access and utilise their financial data better. The problem is, users aren’t convinced they want a third-party poking their nose into their data, or if it’s really of much use to them. Here are their top four top takeaways about what it will take for open banking to take off, and why open finance is an important next step. 1) Success relies on building awareness The panellists agreed that one key obstacle to open banking so far has been a trust-gap; fuelled by poor communication around user-benefits. See:  3 examples of what open finance can do right now Roisin Levine referenced research that still shows “very, very low percentages” of people say they’re willing to share their data in exchange for “more personalised services.” She said these vague concepts are unhelpful and apps need to “explain this stuff…don’t use these big, high-level generic terms.” She recommended products leveraging open banking get more specific about the benefits to boost ...
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NCFA Jan 2018 resize - Bank On It Podcast:  Turning a Funding Failure Into a WinThe National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with cryptocurrency, blockchain, crowdfunding, alternative finance, fintech, P2P, ICO, STO, and online investing stakeholders globally. NCFA Canada provides education, research, industry stewardship, services, and networking opportunities to thousands of members and subscribers and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding and fintech industry. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: ncfacanada.org

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Real Estate Crowdfunding Platforms: What to Look For

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Equities.com | By Equity Multiple Team | August 8, 2017

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Since the JOBS Act of 2012 opened the door for equity crowdfunding, dozens of startups have taken up the mantle of “real estate crowdfunding” – depending on your definition, there are now dozens to well over 100 platforms offering some form of real estate micro-investing, affording retail investors unprecedented access to real estate investments. For individual investors managing their own portfolios, the vast array of options can be overwhelming. Discerning investors are right to evaluate the landscape critically, and only pursue those investments and investing platforms that align with their strategy.

While each offers a unique focus and value proposition to investors, platforms have now consolidated into several main categories of the business model:

eREITs: Fundrise and RealtyMogul, two of the original players the real estate crowdfunding space, have pivoted to offering semi-blind funds that aggregate properties throughout the country. These investments offer built-in diversity and very low minimums, making them appropriate for less experienced investors.

Commercial equity investing: probably the closest to the original idea of real estate crowdfunding, these platforms offer CRE equity opportunities to accredited investors, allowing them to participate in high-upside, larger commercial projects. While the return potential is often great, these tend to be the long term and riskier than other RECF investments. Thus, these kinds of investments are most appropriate for investors who have time to really understand the risk factors in play, and who have at least a working knowledge of real estate equity investing

Debt investing: Some platforms take some or all of an existing real estate loan, secured by a deed on the underlying property, and syndicate it out to a network of individual investors at a fixed rate of return. Other platforms act as the lender, issuing a loan to a real estate developer or flipper. In either case, the platform’s network of investors are offered a flat annual rate of return - typically between 7% and 12% - over a relatively short term - generally 6 to 18 months. Since these investments are secured by the property and short in a term, they tend to be a good fit for more risk-averse investors.

See:

Understanding the spectrum of models can help investors prioritize those offerings that best fit their portfolio objectives, whether that be stable cash flow, preserving wealth for retirement, or opportunistic pursuit of high upside. Given the relatively low minimums, many platforms offer, there may be room in an individual’s portfolio to invest through several platforms and achieve further diversification.

Regardless of what model a platform operates under, investors are advised to take a close look at the track record and experience of the people behind the platform. Attentive customer service is a must – platforms should practice transparency and be willing and able to answer any questions investors have.

Individual Deals - What to Look For

Some platforms perform their own diligence on investments, which should give you some comfort as an investor. Even so, you’ll want to understand some key components of any deal you consider and be sure it aligns with your investing objectives before pulling the trigger. Here are some of the main things to consider:

Risk Factors - No investment is without risk, even fixed-rate, short-term debt investments. Examples of risk factors are tight construction timelines, a precarious labour market in the area, an unsubstantial track record or aggressive leverage on the part of the Sponsor who originated the deal. Again, if risk factors aren’t presented transparently, or the platform is unable or unwilling to field questions about risk factors, this should raise a red flag.

Payout Structure - While debt deals are mostly straightforward, equity investments can be much more complex. Be sure to understand where your investments fit in the capital stack, and what order you will be repaid principal and profits relative to the Sponsor and other LP investors.

Cash Flow and Liquidity - Simply looking at how many dollars you’re expected to receive over the lifetime of a deal (the simple return) or even a time-weighted return (IRR - internal rate of return), won’t give a complete picture of the timing and magnitude of returns. Depending on the business plan for the project and how the platform has negotiated and deal, you may receive distributions monthly or quarterly, and you may begin receiving cash flow from rent immediately, at some point partway through the term, or not at all in the case of a ground-up development or rehab. Similarly, repayment of principal may be projected for the end of the term, partway through the term, or piecemeal in the case of partial sales or a refinance. Be sure that the schedule of distributions and principal repayment is palatable to you given your liquidity needs.

Once again, if any aspect of the deal is unclear or doesn’t pass the sniff test, don’t hesitate to ask questions of the platform offering it.

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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 1600+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at ncfacanada.org.

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How Real Estate Investing Is Spurring Millennial Home Ownership

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Forbes | By Christine Michel Carter | July 25, 2017

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Millennials are the largest group of home buyers for the fourth consecutive year, according to the National Association of Realtors 2017 Home Buyers and Sellers Generational Trends Report. Nearly 40% of home buyers were under 36 years old.

So what’s driving the change in Millennial home ownership?

Forty-nine percent of Millennial buyers had at least one child, also according to the report. That is up six percentage points from two years ago. Also, while Millennials are not racing down the aisle, they are purchasing homes with their partners. Though marriage rates declined, the number of U.S. adults in cohabiting relationships reached nearly 18 million last year, up 29% since 2007. About half of those cohabiters (those living with an unmarried partner) are younger than 35. But most importantly, in a joint Real Estate Investment Survey with Harris Interactive, RealtyShares found that 55% of Millennials are enthusiastic about home ownership as an investment, and over half would invest in property other than their primary residence.

With all the enthusiasm Millennials have towards real estate investment, for them, it is still a foreign and confusing concept with many barriers. In fact, 70% of all Americans think investing in real estate is more difficult than investing in other asset classes. Few are aware of the options towards home ownership, such as borrowing from retirement, real estate crowdfunding or house hacking.

See: Could Real Estate Crowdfunding Help Millennials Retire Sooner?

Not surprisingly, Millennials believe technology makes the real estate investment process easier. That’s why Kendra Barnes, millennial and real estate investment coach, started The Key Resource, a digital resource educating and empowering fellow Millennials to invest in real estate. Barnes herself owns a 4-plex, duplex and single family home in Washington, D.C.- a city with a strong housing market. Today Barnes makes nearly $200,000 in annual rental income and plans to buy at least two more properties before the end of 2017 in other states. Barnes relates to other Millennials with regards to the order in which they’re making big decisions- she bought a house, got married and then invested in real estate:

We had no plans of ever buying rental property- not because we didn’t think it was possible, we just never even considered it. One day we played Rich Dad’s board game Cash Flow and it changed our lives. We realized that we were doing absolutely nothing to build wealth and at the rate we were going we’d have to work until we were old and gray. We decided to get into real estate investing and started making sacrifices that most people wouldn’t in order to reach our goals. We downsized to a one car household, saved more, and borrowed from our retirement account to buy our first property.

See also: Fintech Lures Millennial Investors Away From Asset Managers

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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 ncfacanada.org.

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German Real Estate Crowdfunding Market Booms

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CrowdfundInsider | By  | June 21, 2017

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The German real estate crowdfunding market is set to more than triple in size this year. Real estate developers, asset managers, and, most recently, real estate agents are joining the fray of real estate crowdfunding platforms, trying to unseat the handful of leaders who have already established a strong leadership position in this very young market.

The road ahead for the German real estate crowdfunding market has been cleared. The threat of being excluded from the scope of application of the crowdfunding regulation, the Kleinanlegerschutzgesetzt (KASG), was taken off the table last month. The crowdfunding market can move ahead on its exponential growth path.

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Exponential Growth

The German real estate crowdfunding market is very young. Although a few projects appeared as early as 2012, the market has only taken off after the entry into force of the KASG in July 2015. Most real estate projects raise funds in form of subordinated loans regulated by the KASG.

Michel Harms 300x200 - German Real Estate Crowdfunding Market BoomsMichel Harms tracks the overall crowdinvesting industry through his crowdfunding barometer and his aggregation site crowdinvest.de which lists all crowdinvesting projects available in Germany. According to his reports, real estate accounts for 80% of the crowdinvesting market. In 2016, the market doubled in size to reach €40 million. In the first five months of 2017 alone, 51 real estate projects raised €52 million. One can reasonably expect the market to triple in size by the end of 2017.

In 2016, more than 80% of the 48 projects were residential development projects (construction, renovation, rehabilitation), half of which were located in big German cities, with Berlin being the top location. As mentioned, most platforms use the regulated subordinated loans, ahead of bank loans and bonds. The average loan duration is 21 months, the median interest rate 6%.

See: Could Real Estate Crowdfunding Help Millennials Retire Sooner?

Three leaders emerge

In the short time since 2015, three leaders have already emerged: Exporo, Zinsland and Bergfuerst, three platforms dedicated real estate crowdfunding. Together, they make up for more than three-quarters of the real estate crowdfinancing.

Exporo was incorporated in 2013 by Simon Brunke, CEO, Björn Maronde, Julian Oertzen and Tim Bütecke. The company launched its first project as Exporo GmbH at the end of 2014. Since then, the platform has broken away from the pack by raising more than €64 million cumulatively, which amounts to a market share of over 40%. The platform has financed more 52 projects, including 21 in 2017 alone. Many of these are large projects, at the upper limit of the German prospectus-exemption of €2,5 million. To fuel its expansion, Exporo recently raised €8 million from e.ventures, Holtzbrinck Ventures, Sunstone and BPO Capital.

Zinsland was founded in 2014 by Carl-Friedrich von Stechow, CEO, Dr. Stefan Wiskemann and Moritz Eversmann. The platform launched its first project in 2015. Since then, it has financed 25 projects, including 10 in 2017, for a total of €18 million. It claims 2,600 members.  To meet its aggressive growth plans the company expect to double its number of employees by year end.

Bergfürst was started much earlier than its competitors, in 2011, as an equity crowdfunding platform launched by Dr. Guido Sandler, CEO, and Dennis Bemmann. The platform launched its first real estate project in 2014 and pivoted shortly after to dedicate itself exclusively to real estate projects. To date, the platform has raised nearly 13 million to finance 20 real estate projects. Whereas most competitors require a minimum investment of €500, Bergfürst lets retail investors participate with €10.

Bergfürst transition to real estate crowdfunding is an exception. Other equity crowdfunding platforms who fund SMEs and startups, such as Seedmatch (through Mezzany), Companisto or FunderNation, have tried their hand in real estate crowdfunding with a few projects. But they seem to have given up competing with the more specialized platforms.

 

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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 ncfacanada.org.

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