SPECTIKON BLOG

Improving Legal Documents in Crowdfunding: New Tax Audit Language for Operation Agreements

Improving Legal Documents in Crowdfunding: New Tax Audit Language for Operation Agreements By Mark Roderick CrowdFunding Beat  Sr. contributing editor and crowdfunding attorney with Flaster/Greenberg PC. Last year I reported that Congress had changed the rules governing tax audits of limited liability companies and other entities that are treated as partnerships for tax purposes. The changes don’t become […]

Australia’s H2 Ventures Files Prospectus for New Fintech Investment Venture “H2 Ocean”

Australia’s H2 Ventures Files Prospectus for New Fintech Investment Venture “H2 Ocean” Australia’s accelerator H2 Ventures announced this week it has filed a prospectus with the country’s securities regulator for its new fintech investment venture, H2 Ocean. The company is seeking to raise a minimum of $27.5 million (max $55 million) and it will also be looking […]

Norway Skincare Brand Bad Norwegian Completes Invesdor Campaign With Over 1.4 Million Kr

Norway Skincare Brand Bad Norwegian Completes Invesdor Campaign With Over 1.4 Million Kr Earlier this month, Norway-based skincare brand, Bad Norwegian closed its funding round on Invesdor and raised 1,457,850kr, reaching 292% of the initiative’s original target amount (500,000 kr). The company is considered the second ever equity crowdfunding success in Norway.  Bad Norwegian, which was founded in […]

iFunding Settles Lawsuit, Says Most Recent Month Best Ever

iFunding Settles Lawsuit, Says Most Recent Month Best Ever Real estate crowdfunding platform iFunding (Innovational Funding LLC) has settled a lingering lawsuit regarding a shareholder claim against the young  company. According to information provided by iFunding, the lawsuit brought against the company by Michael J. Turner has been settled for cash.  The cash settlement… Read […]

CFPB Publishes Complaint Report for Banks/Financial Services

CFPB Publishes Complaint Report for Banks/Financial Services The US Consumer Financial Protection Bureau (CFPB) has filed a monthly complaint report for banks and other financial services. The monthly report uses a three-month rolling average, comparing the current average to the same period in the prior year. CFPB Director Richard Cordray commented on… Read More The […]

The Composite Model: A Viable Future for Online Lending

The Composite Model: A Viable Future for Online Lending In recent weeks, marketplace lenders have hit a rough patch. Once the darlings of Wall Street, they have now come under fire, after a string of internal scandals and disappointing earnings. For the traditional banks – who have been saying, “we need to disrupt these… Read […]

Hitachi Teams Up With BTMU For New Blockchain Project to Check Digitalization in Singapore

Hitachi Teams Up With BTMU For New Blockchain Project to Check Digitalization in Singapore Last week, Hitachi, Ltd. (TSE: 6501, Hitachi) announced it has teamed up with Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for a blockchain technology project to check digitalization in Singapore. Both companies reported that they had started Proof of Concept (PoC) testing. […]

Korea Financial Services Commission Launches Fintech Open Platform

Korea Financial Services Commission Launches Fintech Open Platform South Korea is claiming a “world’s first” in launching the Fintech Open Platform designed to boost Fintech development in Korea, according to the Financial Services Commission (FSC). The Fintech Open Platform is described as a combination of a website where Fintech firms can download program… Read More […]

Questions Financial Regulators Love to Ask

Questions Financial Regulators Love to Ask As any entrepreneur knows, when you are creating something new, there are no shortage of naysayers.  Among the 3 types of clients we work with (investors, corporates and financial regulators) the regulators tend to look at new things most skeptically.  But, of the many questions… Read More The post […]

P2P Lender EstateGuru Pushes into Latvia

P2P Lender EstateGuru Pushes into Latvia EstateGuru, a peer to peer lender based in Estonia, has announced an expansion into neighboring Latvia. The announcement comes just as EstateGuru announced earlier this month having topped €10 million in lending. EstateGuru is an online lender providing loans secured by real property for short to… Read More The post […]