What the Global Covid-19 FinTech Regulatory Rapid Assessment Study tells us about fintech regulation in the pandemics
On top of traditional entrepreneurial finance channels, entrepreneurs have many other tools at their disposal.
Member states are responsible for authorising and supervising crowdfunding providers.
The new company name is still unknown
But collaboration, education and research are pivotal to succeed.
The company aims at raising £7.5 million for a sustainable future before going IPO.
To raise funds via crowdfunding or by other means, entrepreneurs have to tell stories. And this is much more effective than just show numbers, studies say.
Kickstarter research found that support for crowdfunding campaigns and the success rate of campaigns is consistent with pre-pandemic metrics. However, the number of live projects on Kickstarter is down about 25% from the same time last year. Meanwhile, the largest equity crowdfunding platform, Wefunder, just reported that investor volume was up 35% from February through April and, in early May, reported a record $2 million of investment on a single day.
The lack of disposable income casts shadows on the good performance of the industry in the first semester of the year.
The leading equity crowdfuning platform announced the launch of a new secondary product for later-stage companies.
To attract more investors.
The European Securities and Markets Authority (ESMA) will have an enhanced role to facilitate coordination and cooperation.
A study reveals that crowdfunding could encourage future activism in the field of sustainable entrepreneurship and thus help drive global change towards sustainability.
Gita Gopinath, Sharan Burrows, and Jennifer Morgan give some ideas about how the world can change in response to the COVID-19 pandemic. (Source: WEF)
It has been a difficult quarter for Equity Crowdfunding. There were less deals but the crowd stuck at home during lockdown is responding to the situation and still actively investing in crowdfunding.Etienne Paresys, commenting on the current state of the UK market which halved its volume from £112 million raised in Q2 2019 to £53 million in Q2 2020.
The unique relational nature of entrepreneurial finance may make it highly susceptible to such a shock owing to the need for face-to-face interaction between investors and entrepreneurs.
ECN grows as it launches in Spain, hires two top executives to boost the organization and presents a week-long festival in Italy.
Fintech is set to be one of the priorities for the new course of the financial regulatory body.