Karsten Wenzlaff, Advisor
August 26th, 2025
MinuteHack | By Sharon Argov | Dec 14, 2015
The alternative finance industry has developed rapidly in recent years, the variety of offerings and the companies operating in the space has become so much more sophisticated. Yet many small business owners are either completely unaware of the plethora of options available to them, beyond their bank, or they’re left baffled by the sheer volume of alternative financing options out there.
According to GLI Finance, a lack of understanding about funding for small businesses could fuel a £20 billion black hole in the UK economy by 2020.
For that reason, it is imperative that small businesses get to grips with the industry and think beyond the traditional bank when it comes to financing their business ventures. Plus, alternative finance can offer a funding lifeline for small businesses seeking urgent funding that the banks refuse - it can potentially salvage a business from demise.
There are many reasons that a small business may be seeking help with funding. If you have ever struggled with late payments, needed extra capital to fuel growth or had to refinance your debts, you’ll appreciate the problems that alternative finance can solve for your business.
A deep dive of our own data earlier this year revealed that most businesses (36%) are looking for funding for expansion and growth which is encouraging to see. Only 4% of the businesses that used Fundbird did so for refinancing debt.
Believe it or not there is a funding solution out there for all businesses, no matter how big or small the business and no matter the problem you need to overcome. The following alternative finance solutions are just some of the options out there that small businesses could consider. Generally speaking, each solution suits a particular business issue.
Crowdfunding is probably the most well-known form of alternative finance, there are hundreds of platforms available to UK businesses and the number is continuing to grow. In the UK we can benefit from both equity and rewards based crowdfunding models.
Most people will be familiar with Kickstarter and Indiegogo, rewards based platforms well-known for funding hardware products and films, if you use one of these platforms you will need to give away a ‘reward’ in return for an investment from an individual.
Synonymous with the UK market is equity based crowdfunding – this is unavailable in the US – and largely the most popular for small business owners. The likes of Crowdcube are driving growth in equity crowdfunding, selling shares for as little as £10 per investor.
But be aware that this involves giving away equity in your business, think carefully about whether you are happy to do this. If you have an idea that you would like to get going with, or you are looking to launch your business, crowdfunding is the best option for you.
P2P lending enables SMEs to borrow directly from other organisations and individuals, whether this is from a private lender or institutional money. To facilitate this, P2P lending platforms have arisen such as the likes of Lending Loop, Zopa, Ratesetter or Funding Circle to name a few.
Essentially they operate like a matchmaker between people who have savings that they are willing to invest for a better, long-term return and those who need to borrow. The best thing about P2P on both sides is the rates, by cutting out the bank the rate is often lower for the borrower and higher for the saver/investor.
If you have an established business plan then P2P is a good bet, you’ll be able to secure the funds quickly but for that reason you need to be able to prove the viability of the business.
Invoice financing is where a third party agrees to buy your unpaid invoices for a fee. Invoice financing is perfect for businesses that need to boost cash flow very quickly. In the UK there are two types of invoice financing – factoring and invoice discounting.
If you decide to use factoring your invoices are managed by an invoice financier, who manages your sales ledger and collects money from your customers directly, so your customers will be aware you are using this method of financing.
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 1300+ 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 ncfacanada.org.
The Globe and Mail by Talib Contractor | December 11, 2015
The financial world is buzzing with the new alternative lenders that are transforming the world of finance. But as an accountant who works with companies that have financing issues, this so-called “fintech” boom worries me.
Financial technology (fintech) is a rapidly expanding industry. And profitable – experiencing exponential growth in investment from $3-billion in 2013 to $6.8-billion in 2014. It is comprised of companies that use technology to make financial systems more efficient. Fintech embodies a new set of innovated products that are tailored to the unique needs of small businesses. These include marketplace (peer-to-peer) lending, merchant and e-commerce, invoicing, online supply-chain finance and online trade.
The fintech industry caters to businesses that provide supply-chain financing as well as alternative-financing models to small businesses and consumers. The alternative lending space has grown rapidly in Canada thanks in part to the success seen in the United States and in London. Companies are now aiming to offer financing arrangements at competitive rates to small businesses and consumers. Some even offer financing to consumers that will allow them to pay off credit cards.
A majority of players within the fintech sector thrive due to the ease and quick accessibility of these loans. Unlike banks, where rigorous and diligent credit checks take days or weeks to approve loans, these start-up ventures shorten their turnaround time by merging technology, social media, statistics and complex algorithms to expedite the loan-approval process. Some of these start-up ventures approve loans within minutes, with funds showing up in your bank account by the end of the day. But these different approaches to check credit worthiness are problematic. Loans may be offered to small businesses or consumers who are not well suited for this type of financing due to their inadequate credit history.
There are risks on a micro and macro level, too. Potential funding to unfit borrowers combined with the systemic risk of a partially unregulated sector could have a negative impact on the financial markets in the future.
During The Future of Lending Now event held at the Mars Institute last month, Kevin Sandhu, CEO of Grow Financial (previously Grouplend) stressed that federal regulation has not caught up to the innovative practices within the fintech sector.
These smaller loans may be unsecured, meaning that only the borrowers’ creditworthiness supports the loan rather than hard collateral. This opens the floodgates to increased risk of fraud and more personal and business bankruptcies.
While StatsCan reports that business bankruptcies have fallen 0.7 per cent in the third quarter of 2015 compared with the same quarter the previous year, that could change. With the increasing amount of alternative financing available, this number could be higher in the future.
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 1300+ 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 ncfacanada.org.
NCFA Press Release | Craig Asano | Nov 24, 2015
CALGARY, Nov. 24, 2015 /CNW/ - The National Crowdfunding Association of Canada (NCFA) announced today that it is highly supportive of the Alberta Securities Commission's proposed Start-up Business Exemption (multilateral instrument 45-109), which would supercharge the growth and development of nascent companies in the province.
"NCFA is pleased to be assisting the Alberta Securities Commission (ASC) and the Alberta Government in facilitating public comments and consultations pertaining to the ASC's proposed Start-up Exemption at the NCFA's December 3rd Crowdfunding Bootcamp in Calgary," said Craig Asano, Executive Director of the NCFA who added, "We are expecting another sold out educational event with over 20 expert speakers, which is testimony to the huge interest there is in the province and across the country in crowdfunding, which is becoming the fastest-growing capital raising tool of the 21st century."
Since 2012, NCFA has been supporting the growth of a strong, vibrant, and inclusive crowdfunding ecosystem in Canada with a growing national base of 1300 members who run the gamut from equity, rewards, and lending marketplaces to issuers, investors and providers. It has brought together key stakeholders for discussions around securities crowdfunding in BC, Ontario, Saskatchewan and several other provinces that have now adopted rules to allow alternative finance markets to fill a crucial funding gap at early stages of the capital raising ecosystem while opening up participation to retail investors, and is working to build a robust and transparent infrastructure for the industry.
"We note with interest that several provinces, including Ontario, Québec and British Columbia have already enacted crowdfunding-specific exemptions aimed at helping new ventures access equity and debt financing from these innovative and emerging online capital markets," said Mr. Asano.
The NCFA is working hard to deliver programs for industry participants and governments to be better informed about how Canada can, collectively, maximize the economic and social potential that is inherent in crowdfunding. In this regard, events from the Calgary Crowdfunding Bootcamp on December 3 to the 2nd annual Canadian Crowdfunding Summit in Toronto on March 3 are playing a vital role in ensuring that our country is at the forefront of the financial innovation that is crowdfunding.
View: source
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Links:
Dec 3 Calgary Crowdfunding Bootcamp
Mar 3 Canadian Crowdfunding Summit
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 1300+ 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 ncfacanada.org.
For further information: Media Inquiries: Craig Asano, Executive Director, 416-618-0254, casano@ncfacanada.org
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"The regulation of crowdfunding in Canada, the US and globally is dynamic and forever evolving. Dentons is poised to guide the global market in this area." -Jason Saltzman, Partner, Dentons
This is an immersive half day workshop + networking event that covers essential crowdfunding education for companies seeking to raise capital from alternative finance crowdfunding markets, investors, and all other parties interested in understanding innovation trends, opportunities and risks, regulations, best practices and expert perspectives for all crowdfunding models including equity, debt/p2p, rewards and fintech markets and transactions. Learn from and interact with active practitioners in crowdfunding markets including platforms (funding portals and dealer-brokers), investors, attorneys, accountants, marketing experts, and hear pitches from new and successful issuers. This workshop is designed for those interested in or actively engaged in the process of raising capital online.
| TIME | EVENT PROGRAMMING |
|---|---|
| 1:00 — 1:20 PM |
Registration and Networking |
| 1:20 — 1:30 PM |
Welcome, Market Overview and MC
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| 1:30 — 2:00 PM |
The Potential and Impact of Crowdfunding on the Innovation Economy
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| 2:00 — 2:30 PM |
Crowdfunding for Startups: Success Stories and Insights
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| 2:30 - 3:00 PM |
Compliance with Equity Crowdfunding Regulations in Canada and the US
|
| 3:00 - 3:15 PM |
Networking Break (15mins) |
| 3:15 - 3:45 PM |
Equity Crowdfunding Platforms and Best Practices
|
| 3:45 - 4:15 PM |
Lending Marketplaces/P2P and Community Banking
|
| 4:15 - 4:45 PM |
Accounting, Taxes, and Financial Planning Considerations
|
| 4:45 - 5:15 PM |
Q & A and Discussion on ASCs Proposed Startup Exemption
|
| 5:15 - 5:30 PM |
Closing Pitch
|
| 5:30 PM |
Networking Until Close |
1. Learn Market Insights and Opportunities from Industry Experts: Global crowdfunding, fintech and alternative finance markets continue to grow rapidly playing a significant role in mobilizing capital and resources to help launch and scale new ventures, social enterprises, small businesses and high growth SMEs. Has crowdfunding reached an industry tipping point (read UK Crowdcube founder's perspective here)?
2. Discuss Regulatory Changes that Impact How Small Businesses Raise Capital: The Canadian crowdfunding industry is poised for growth with several provinces recently adopting new prospectus exemptions that will enable start-ups to raise capital online (subject to certain constraints and compliance):
3. Essential Education and Networking: Learn best practices including 'what not to do' from current case studies and expert practitioners. Discuss your questions with experts and peers. Connect with peers that can assist your company to tap into emerging capital raising, marketing, financial/business planning and infrastructure services and opportunities.
Have issues buying tickets in this widget? Go to Eventbrite directly to register.
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 1300+ 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 ncfacanada.org.
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[restab title="Agenda + Speakers"]
| TIME | EVENT PROGRAMMING |
|---|---|
| 1:00 — 1:20 PM |
Registration and Networking |
| 1:20 — 1:30 PM |
Welcome, Market Overview and MC
|
| 1:30 — 2:00 PM |
The Potential and Impact of Crowdfunding on the Innovation Economy
|
| 2:00 — 2:30 PM |
Crowdfunding for Startups: Success Stories and Insights
|
| 2:30 - 3:00 PM |
Compliance with Equity Crowdfunding Regulations in Canada and the US
|
| 3:00 - 3:15 PM |
Networking Break (15mins) |
| 3:15 - 3:45 PM |
Equity Crowdfunding Platforms and Best Practices
|
| 3:45 - 4:15 PM |
Lending Marketplaces/P2P and Community Banking
|
| 4:15 - 4:45 PM |
Accounting, Taxes, and Financial Planning Considerations
|
| 4:45 - 5:15 PM |
Q & A and Discussion on ASCs Proposed Startup Exemption
|
| 5:15 - 5:30 PM |
Closing Pitch
|
| 5:30 PM |
Networking Until Close |
Craig has amassed over 15+ years of experience as a marketing strategist, software technologist and start-up entrepreneur in technology, finance, manufacturing and real estate sectors. He is a leader, advocate and development professional of interactive web, data, CRM, campaign management, BI and marketing automation and new venture development projects. He is actively involved in developing the Canadian Crowdfunding industry and works with crowdfunding leaders and key stakeholders across the country to develop a vibrant marketplace. He has has spearheaded multiple programs and initiatives such as the inaugural 2015 Canadian Crowdfunding Summit, National Ambassadors outreach program, and NCFA Canada’s advocacy efforts to advance equity-based Crowdfunding regulations in Canada.
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As Executive Director in the Government of Alberta, Richard leads staff and teams in providing excellence in policy, program, and industry partnership development expertise. In the private sector, he has over 15 years domestic and international executive/senior leadership experience developing enterprises in Canada, Southeast Asia and China. Currently, as Acting, Executive Director, Access to Capital, Economic Development and SMEs Division, his efforts focus on enhancing Alberta's research, innovation, commercialization and venture capital ecosystem to create new opportunities for growth of knowledge based companies and employment in Alberta.
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Sam focuses his practice on the areas of buyouts and recapitalizations, securities transactions, mergers and acquisitions and private equity/emerging companies. His public company transactional experience includes public equity and debt offerings, exchange offers and initial public offerings.
Sebastian received his Bachelor of Law degree in 2006 from the University of Manitoba and is currently a member of the Tax Group in the Calgary office. Sebastian’s practice covers a wide range of areas including international tax planning, domestic and cross-border mergers and acquisitions, public and private corporate reorganizations, public offerings for both issuers and underwriters, and dispute resolution between clients and the Canada Revenue Agency.
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Sean is a change junkie who always thinks something should be easier than it probably is. After a short career in public affairs, Sean went into business. He eventually started and sold his own small business, and went to work helping a national media company grow its digital product offerings in the online and mobile space. Sean is particularly passionate about innovation that helps small business in Alberta, having volunteered with the CYBF and local chambers of commerce, and is currently on the Board of the Alberta Chambers of Commerce. When he grows up, Sean wants to play in the NHL and own his own restaurant.
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Neetu Sidhu has a diverse background in marketing, social entrepreneurship and startups. She is passionate about design, innovation and making a positive impact. In addition to starting her own company, she has worked with various startups across North America, spanning tech, education and design. She currently leads Alberta BoostR, a rewards-based crowdfunding platform from ATB Financial, designed for both emerging and established Alberta entrepreneurs. Beyond providing an online channel for entrepreneurs to raise funds, get marketing/exposure, insights/feedback and build a crowd, Alberta BoostR also provides crowdfunding coaching, promotes businesses through ATB channels and holds live pitch events.
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Bret is Chief Evangelist of CrowdfundSuite, a Consultancy for Alternative Finance Services. Crowdfundsuite helps platforms, funders, broker/dealers, real estate developers, service providers and entrepreneurs profit from the Crowd Economy via strategy, platform development, partnerships, capital raising, marketing and distribution. A visionary in alternative funding, Bret has helped raised over $40M for clients, started Canada’s first crowdfunding platform in 2008 and then helped FundRazr become a top 10 global platform. Bret is an Ambassador to NCFA Canada and blogger for Investopedia, Techvibes, IT Business and CrowdfundInsider.
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Tabitha Creighton is CEO and co-founder of InvestNextDoor, a Crowdlending marketplace for small business; where crowdfunding creates returns for local investors supporting local businesses. She brings 18 years of experience to the role, much of it working with small businesses and financial technology. Crowdfunding and alternative finance models for small business are areas that Tabitha has focused much of her recent career, as she sees these as creating a new model of capital access that is sorely needed. Tabitha’s focus has been on developing models of business growth for firms of all sizes, utilizing technology to eliminate barriers and create new ways of solving old problems. In these roles she spent several years at Microsoft advising large and small corporations on how to make technology a strategic part of their business model.r
Peter-Paul is Founder and CEO of Silver Maple Ventures Inc., a financial & social media company based in Vancouver BC focused on supporting start-ups and young ventures in Canada with access to capital through innovative online investment-based crowdfunding solutions. Peter-Paul has over 15 years of experience in finance, investment management and business consultancy. He worked in Vancouver as director business development with a finance & investment company in the renewable energy space and as finance director of a real estate investment fund. Prior to that Peter-Paul held a number of positions with several global banks in the areas of corporate strategy, corporate & investment banking and he worked as a senior management consultant in The Netherlands. Peter-Paul is a director of the National Board of the Private Capital Markets Association, PCMA (Canada).
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R Stewart Thompson (Randy) is a builder of companies, angel investor and leader of one of Canada’s most active angel group. He is currently invested in twenty two companies and has been working in the startup venture space for 20+ years. Randy is the Founder and CEO of VA Angels, which has led him to be named Angel of the Year in Canada by Startup Canada 2014. VA Angels recently celebrated their 125thth company funded for over $38M in total investments which includes deals in the US, UK and Africa. Randy has also launched two funds, which included Acheson Mobile Investments a 38% IRR in Year 1. As an entrepreneur he has been the founder or founding partner in four entities, and is currently building GenerUS Marketing Solutions, a platform for not-for-profits to raise money. Early in his career he founded Alberta SuperNet and worked as a venture capital advisor to the Province of Alberta. Randy currently works internationally with companies in Puerto Rico and the UK.
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Arti Modi is the visionary CEO of LendingArch, a disruptive FinTech lending platform produced with proprietary algorithms and future-ready technology. Based in Calgary and with offices in Los Angeles and Stockholm, Arti created LendingArch after feeling frustrated with the current financial eco-system and seeing financially savvy borrowers being marginalized and overlooked by traditional banks. She leads a team of global entrepreneurs, data scientists, credit managers, investment leaders, millennials FinTexperts, creatives and developers who together built a platform that is so streetwise, it limits the banks involvement and accomplishes results for the consumer in a fraction of the time. Recently listed as one of Alberta's Need to Know people, Arti is also Co-Founder of OmniArch, a contemporary investment firm managing over 5000 Canadian investors and over $400 million in portfolio assets. Arti is passionate about fostering financial health management for younger generations and has a dedicated innovation team creating tools and resources that will help facilitate education, and at the same time, make finance fun for younger generations and their parents.
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Rubsun Ho is Chief Crowdpleaser at Crowdmatrix Inc., an equity crowdfunding platform that will bring efficiency and transparency to the capital raising process for Canadian growth companies. A portfolio company of Extreme Venture Partners, Crowdmatrix plans to launch in late spring, 2015. Rubsun is also a co-founder and partner of Cognition LLP, a virtual law firm that was created to address the rising costs and inefficiencies of corporate legal services from traditional law firms. Cognition now has over 50 lawyers operating in Toronto, Ottawa and Calgary, and its clients range from growing startups through to some of Canada’s largest companies. Rubsun began his career as a securities lawyer in the Toronto and New York offices of Stikeman Elliott, one of Canada’s leading business law firms. He left Bay Street to join Wysdom Inc. as VP of Business Development in 1999, where he helped raise US$57 million in financing for the wireless Internet startup. Rubsun has a Bachelor of Commerce from McGill University and a Bachelor of Laws from the University of Toronto.
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Bev’s role at Business Link is to create awareness, build strategic alliances and ensure entrepreneurs have access to the resources necessary to kick start their new business venture. Drawing upon her experience in her own business, government and education, she’s our key connection for Calgary and all of southern Alberta. When Bev is away from the office, she can be found on her Harley, hanging out at the family cabin and spoiling her grandson.
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Marty is the president of Quidni Estate Winery and chief consultant for Gunderson and Associations, where he provides advisory services in the exempt market finance industry in Canada. The emphasis of his practice is providing guidance on creating marketable investment structures, securing distribution and ongoing investor relations. With numerous successful financings to his credit, Marty has and continues to work with excellent companies interested in raising capital. Mr. Gunderson has been in the financial services industry for 17 years, and has successful facilitated numerous of large financings in real estate, oil / gas service companies, apartment buildings, and mining He has built a robust network of exempt market dealers, representatives and professional services in the exempt market.
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Sandi is strategic, visionary entrepreneur focused on developing and deploying technology solutions for the private capital markets. She is the Founder of SeedUps Canada, Canada's first crowdfund investing platform that brings ordinary and sophisticated investors together to invest in early stage companies. Investors can browse deals and execute their investment on-line. She calls it Dragons' Den and e*Trade combined. She is also the COO of OfferingPoint, a technology platform that streamlines the capital raising process for all participants. Investors access an "invitation only" dealroom where they can review deal terms, verify their qualification to invest and execute share purchase agreements. The technology is used by issuers, lawyers, angels and brokers who can monitor the progress of the private placement in real time.
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Charity Callahan has over 25 years of experience, with the last 10 years in senior roles as a seasoned entrepreneur and business systems professional. She has lead business development, marketing, product management, operations, distribution, technology, supply chain, new product introduction and quality management functional areas. As a partner in C4Skunkworks, she works with entrepreneurs from concept to exit to get ready to raise capital and use the proceeds to optimize growth. She has worked in the following industries: Technology, Oil & Gas, Food, Distribution, Beverage, Chemical, Laboratory, Electronics, Information Systems, Graphics, Paper and Paper Packaging, Lumber, Co-Manufacturing, Co-packing, Services, and Aviation – Private and Durable Consumer Products.
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Prior to joining Market Gravity, Iain spent nearly a year travelling in Latin America and making a start on learning Spanish. Before then he was a consultant working on Commercial Due Diligence for Private Equity deals across multiple sectors including construction, energy and education as well as major strategy projects in the travel and support services spaces.
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Darren provides a broad range of tax services and has worked with multinational and private companies for more than 14 years. He has experience in Canadian corporate and cross-border tax issues, including general Canadian corporate income tax advice, corporate reorganizations, structuring and financing inbound and outbound investments, international tax planning, tax compliance, tax accounting, and advising on Scientific Research and Experimental Development (SR&ED) tax credits and other tax credit claims. Darren has also provided a broad range of tax services to corporations in the technology industry, with an emphasis on software companies. He has supported many emerging Canadian technology companies navigate through tax issues specific to emerging companies including SR&ED tax credits, Ontario interactive digital media tax credits, tax issues arising out of online commerce and structuring the ownership of intellectual property. Darren's also has experience dealing with the international and cross border issues of expanding outside of Canada, Canadian and international tax planning, estate planning for shareholders and income tax accounting.
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Bruce has over 24 years of SR&ED experience both with CRA and in public practice. Bruce provides tax planning, structuring and innovative SR&ED solutions to a wide range of client. Bruce has worked with hundreds of small private companies helping them maximize their potential SR&ED refunds through his innovative solutions. Bruce has authored papers for the Canadian Tax Foundation as well as has presented at the Canadian Petroleum Tax Society, the World Heavy Oil Congress and the Canadian Prairie Tax Conference.
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Denise’s background includes acting as General Counsel to an oil sands company which engaged in a series of small private placements, a venture capitalist financing and the creation of a partnership with a Chinese national oil company which was then followed by a $60 million private placement and a $325 million IPO and listing on the TSX. Denise has also worked as General Counsel at the ASC and prior to that as Manager, Corporate Finance Policy and Listings Officer at CDNX, the predecessor to the TSX Venture Exchange, where she both reviewed business plans, financial statements and other required disclosure of junior companies seeking to list on the exchange and was responsible for developing the comprehensive corporate finance rules applicable to both listed companies and those seeking to list. Prior to that, Denise practised corporate and securities law in Calgary and Vancouver, acting for both senior and junior companies and their underwriters in connection with various public and private financings, mergers and acquisitions.
Jessie is responsible for leading the ASC’s development of the Start-up Business exemption and, in that regard, has reviewed and considered both the Start-up Crowdfunding exemption adopted in certain other jurisdictions and proposed MI 45-108 Crowdfunding, proposed in certain other jurisdictions. In addition, Jessie handles various applications for exemptive relief and is the ASC lead on a committee comprising staff from securities regulators across Canada, charged with expanding the “passport” system, a system under which market participants can obtain a decision from one securities regulator and have it automatically apply in all other jurisdictions of Canada. Before joining the ASC, Jessie practised corporate and securities law with an international oil and gas company as well as with a Calgary law firm.
Thomas Mo has been in sales for almost his entire life. While being very successful in some ventures, and mediocre in others, he’s always knew that running his own show would be the end goal. Having worked in retail, fundraising, Xerox, print services, SAAS environments and Autodesk resellers, Thomas has a diverse background and network to integrate with when it comes to business advise, entrepreneurs, and investing. The idea behind Alberta Apparel was to fulfill a need and idea that didn’t exist in the market yet within Alberta. Thomas has recently been working hard setting up Alberta Apparel and learning on the way through other people, trial and failure, and research. Check out Alberta Apparel's crowdfunding campaign here.

Paige K Boudreau is a writer / producer / director with Memento Pimento Pictures and a co-owner at Escape Capers YYC, Alberta’s only hosted escape room experience. She and her husband (Escape Capers founder, Eric Boudreau) have combined their backgrounds in the film industry with a lifetime of gaming, to create a real life adventure where groups of people have to escape a mysterious locked room. Paige enjoys exploring abandoned places and writes in her spare time. She is originally from Calgary, Alberta. Check out Escape Capers YYC's crowdfunding campaign here.
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Andrew is a co-founder and currently CEO of TikTiks, an app based market place where sports fans can Buy and Sell hockey tickets with each other securely from their phone. He previously held the positions of VP Operations and Development Director for Startup Calgary. While completing the BBA at Mount Royal University, he ran a successful student painting franchise and held the Entrepreneur in Residence Position at the Institute for Innovation and Entrepreneurship. Andrew is passionately curious and always looking for opportunities to create value in the communities he belongs to. Check out TikTiks' crowdfunding campaign here.
Have issues buying tickets in this widget? Go to Eventbrite directly to register.
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 1300+ 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 ncfacanada.org.
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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 1300+ 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 ncfacanada.org.
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Click to view our previous events: here
Early bird registration for CCS2016 Now Open (save 37%)!
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 1300+ 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 ncfacanada.org.
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This event is an immersive half day workshop + networking event that covers essential crowdfunding education for companies seeking to raise capital from alternative finance crowdfunding markets (covers all models including equity, debt/p2p, rewards, fintech markets and transactions), and includes topics such as:
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Please send any questions to info@ncfacanada.org.
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 1300+ 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 ncfacanada.org.
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Crowdfund Insider | | Nov 8, 2015
Karen Mills, former Administrator of the Small Business Administration and current Senior Fellow at Harvard University, co-authored a study on credit markets and SMEs back in 2014. She recently presented at LendIt Europe on the state of Marketplace / Peer to peer lending.
While at the SBA, Mills discovered there was a credit gap as banks refused to give small loans to businesses leaving an important part of our economy out in the cold. Mills did what she could while at the SBA and boosted loans to small business but it wasn’t enough.
In the US, small firms create 2/3 of the net jobs. In the UK, 65% of net job creation comes from small business. These small companies were the hardest hit during the financial crisis. Ironically they were also part of the collateral fallout when banks had to tighten their balance sheets pulling credit from SMEs thus exacerbating the financial duress further.

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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 1300+ 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 ncfacanada.org.
Venture Beat | Sherwood Neiss, Crowdfund Capital Advisors | Nov 2, 2015
In what can be considered a historic day for startups, small businesses and entrepreneurs all across the United States, the Securities and Exchange Committee (SEC) voted 3 to 1 to approve the final rules for debt and equity crowdfunding (aka Regulation Crowdfunding) on Friday. In about 180 days, tech startups and Main Street businesses will be able to raise up to $1 million from their friends, followers, and community via SEC registered websites. There is a lot you need to know about the new rules, so let’s jump right in:
If you are interested in selling equity in your startup or borrowing money from the customers of your small business, you must realize you are selling securities in your business and that this is a highly regulated activity (hence the 685 pages of rules). Take extra time to understand what you CANNOT do so that you do not get in trouble with the law.
Limitations under old regulations qualified you to issue securities without doing a full IPO as long as you limited the number of investors, used only accredited investors (those with income over $200,000/year or with a net worth over $1 million), and did not use any public means of solicitation (which included the Internet, email, newspapers, radio, television, etc). Those limits have all changed. Now, anyone can invest at least $2,000, but beyond that amount, an investor is still restricted based on income or net worth. (I’ve put together a calculator you can download to check your limits as an investor under the new rules.) Issuers (aka startups and Main Street businesses) can use email, Facebook, Twitter, etc., to offer an investment (debt or equity) in their firm as long as they hit 100 percent of their funding target, not exceed $1 million and do so on a SEC-registered funding portal (cheaper) or via a broker/dealer (more expensive).
If you fail to comply with the rules (like submitting your annual report with the SEC within 120 days after the end of your fiscal year and posting a link on your website), you could lose your exemption, which means that you will face hefty fines and legal fees to defend yourself. Be sure to follow all the rules/filings before, during, and after you raise your funds. For instance, you cannot list your offering on more than one platform. Also if you want to host a launch party to promote your offering, do NOT do so with the funding portal (unless it is a broker-dealer) because that is considered offering investment advice (by the funding portal), which is not allowed.
If you have both accredited and unaccredited investors but wish (or need) to raise over $1 million, then consider doing what is called a parallel offering. Do a Regulation Crowdfunding offering for the unaccredited investors and at the same time a Title II offering, which allows for general solicitation of accredited investors and does not have the $1 million cap. Just be careful not to reference both offerings in your marketing materials or they could be considered “integrated.” They should be independent offerings.
Each offering must include a business plan for which the underlying purpose must be a bonafide business and not an investment vehicle. Sorry, you creative types.
Keep in mind that if you hit your funding target, investors have the right to rescind. In this case, it might benefit you to aim to over exceed your target (which is allowed) so that you have enough cushion if an investor or two changes their mind. On the flip side, if you are exceedingly successful with your campaign before the 30-, 60-, or 90-day period ends, you may choose to close early with a five-day notice to potential investors (and the SEC) and start putting that money to work right away.
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 1100+ 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 ncfacanada.org.
NCFA Canada About Us | Craig Asano | Nov 1, 2015
In September 2015, Lending Loop, a P2P lending marketplace for small businesses seeking up to $500,000 CAD in capital launched and is currently open for business.
With the tag line 'A better way to borrow, a Smarter way to lend', Lending Loop, led by Cato Pastoll, CEO/Co-founder, and his Co-founding partner and CTO, Brandon Vlaar, are early entrants into the Canadian peer to peer lending or debt-based crowdfunding arena, and are experiencing a lot of traction.
While P2P lending is a thriving industry in the UK and US, and is proving to be the go to option for many small businesses seeking access to debt capital after being unable to secure loans from traditional financial institutions or unwilling to pay lofty interest rates on credit cards or to alternative lenders with inflated costs, Canada is just getting started.
To learn more about Lending Loop's model and the business processes, resources and types of loan products and investments available on this new marketplace, we sat down with Cato Pastoll for an interview that lasted approx 34 minutes in length.
Small business P2P lending marketplaces is definitely a growing opportunity in Canada, and if you are a small business or prospective lender interested in direct investments then you should definitely check them out. To learn more, we encourage you to visit www.lendingloop.ca to ask any questions that you may have.
Links:
Lending Loop small business loan marketplace
Too high-risk for the bank? Try these alternative fundraising options
Alternative lending bubbles up into Canadian mainstream, gains traction among entrepreneurs
Understanding Alternative Finance: The UK Alternative Finance Industry Report 2014
The National Crowdfunding Association of Canada is the leading and only nationally organized non-profit working with over 1300 social and investment stakeholders across the country, and the national voice of an industry that is fast becoming an integral part of the start-up financing ecosystem. Learn more About Us or visit ncfacanada.org.