Crowdfunding in the age of the consumer It became clear that fintech companies began to prize crowdfunding three years ago. Monzo crashed our servers in 2016 when it raised £1m in 96 seconds. Last December, the now-serial crowdfunding neobank raised £20m from retail investors. The staggering thing about Monzo’s raise — and it speaks volumes about where both crowdfunding and fintech have [...]
Protecting the crowd: Platforms must lead the due diligence charge The issue of due diligence could become a talking point again once the FCA completes its scheduled review of the crowdfunding rules it introduced in 2014. While we’ve not seen evidence that further regulation of investment-based crowdfunding will be recommended, as the industry matures, it’s time for crowdfunding platforms to step up and work together [...]
