Archive: February 23, 2016

1
Banks Partnering with Fintech Startups – Deutsche Bank, ANZ Bank
2
Investor Registration Website Launched Following China’s Ezubao Scam
3
K&L Gates Partners to Speak on Marketplace Lending at Alfi Europe Conference in London
4
Some Feedback on Crowdfunding Reforms in Australia

Investor Registration Website Launched Following China’s Ezubao Scam

By Cameron Abbott and Meg Aitken

Chinese regulators launched a website on Saturday to aid authorities in their mission to investigate the gigantic Ezubao “Ponzi scheme” that allegedly stole money from more than 900,000 investors.

Ezubao, China’s largest peer-to-peer lender, was caught red handed fabricating the majority of its listed investment projects and using investor money to fund the extravagant lifestyle of the company’s executives earlier this month.

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Some Feedback on Crowdfunding Reforms in Australia

By Jim Bulling

International banking group Investec Australia has purchased a 20% stake in equity crowdfunding platform Equitise. Equitise, which is based in New Zealand, was founded in Australia in 2014, but has developed its business model in New Zealand as a result of slow development to crowdfunding regulation in Australia. The deal values the startup at close to AUD$10 million.

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