Singapore Exchange, one of Asia’s leading stock markets, has begun considering the feasibility of an equity crowdfunding platform for early-stage companies, and has formed a team focused on small and medium-sized enterprises.
After the announcement that the tax free individual savings account (ISAs) will be extended to include peer- to-peer loans, the UK’s government launched a public consultation on the possibility to set up a separate ISA for people who want to lend out money through P2P portals.
After Michigan, New Mexico and eleven other States, Texas joins the Intrastate Crowdfunding Movement, becoming the largest US state adopting a set of rules for equity crowdfunding (California’s law for intrastate crowdfunding got stuck in the State’s senate).
Last Wednesday, the Texas State Securities Board approved a law that allows adults resident in Texas to buy shares of private companies through crowdfunding portals. Like in all the other States which joined the Intrastate Crowdfunding Movement, also in Texas the law limits the possibility to use crowdfunding to raise equity capital only to companies incorporated in the State.
Today Crowd Valley publishes Crowdfunding Market Report for Q3 2014, unveiling the latest trends of this fast-growing industry, as observed by the company during the last quarter.
Since the start of 2014, the international crowdfunding market kept developing fast, with new actors moving the first steps into the arena and many policymakers inserting the topic in their agendas.
After the US and Europe, crowdinvesting is slowly developing in Asia as well. Most of the activity is concentrated around equity crowdfunding, with Malaysia’s new crowdfunding regulations and Japan’s crowdfunding bill, allowing companies to raise equity capital through crowdfunding portals. However, little is known about peer-to-peer lending in the area, which in Western countries is instead showing great potential.