After crowdfunding volumes surged fourfold last year, this week Euronext introduced a new trade platform for shares created by crowdfunding campaigns. Users can auction shares on its Expert Market, an electronic market for stocks that the main market doesn’t list
Mintos is a Latvia-based peer-to-peer lending aggregator that has closed its seed funding round after massive success. Mintos co-founder and CEO, Martins Sulte, said: “Traditionally, non-bank lenders have financed their loans from their balance sheets. Now, with the help of Mintos, non-bank lenders have the opportunity to use the peer-to-peer lending model to diversify methods of financing loans. For investors, Mintos provides the chance to gain access to loans that were previously accessible to a very limited number of investors, or practically inaccessible at all.”
“Alipay from Alibaba, the best known of the three, is ubiquitous in China, handling nearly 80 percent of all mobile payments in the country. Tencent has a chat application used by over 500 million people for daily communication and for payments and wealth management. Consumers use Baidu not only to search for wealth management products, but also to potentially purchase one of Baidu’s own funds, including a RMB 3 billion big-data based mutual fund that sold out within 3 days of launch in 2014. All three firms are now pushing from online to offline payments and transactions (O2O), threatening to disintermediate the banks and China UnionPay.”
In an ever-shifting music business, companies are forging new paths to make themselves stand out and get ahead. For companies like 8tracks and Chew, that has mean turning to crowdfunding — with great success.