While the crowdfunding industry is probably better known for its equity products, there is a rapidly growing and attractive sub-sector developing for debt based crowdfunded securities. According to innovation charity Nesta a total of £6.2 million was raised via debt based securities in 2015. This was up by 47.6% on the previous year, as investors became increasingly attracted to their benefits.
We are pleased to announce that Crowd for Angels are now proud members of the UK Crowdfunding Association (UKCFA).
The UK Crowdfunding Association was formed in 2012 by fourteen crowdfunding businesses. Their aims are to:
Promote crowdfunding as a valuable and viable way for UK businesses, projects or ventures to raise funds.
Be the voice of all crowdfunding businesses in the UK (donations, loans and equity) to the public, press and policymakers.
Publish a code of practice that is adopted by UK crowdfunding businesses.
Crowd for Angel’s director, Tony De Nazareth, said: “We are really glad to become part of this credible organisation and work towards improving the crowdfunding environment for both investors and companies. We will work hard to support the UKCFA’s values.”
It is launched by Tony De Nazareth who has over 30 years’ experience of investment banking, venture capital and lending. He has combined his experience and knowledge of finance with his interest in social media and technology to create an innovative source of funding that competes with, and has the potential to replace the traditional sources of funding for companies.
Crowd for Angels is pleased to announce that we are now a FCA approved platform for equity and debt investments, making us the first crowdfunding platform to have this type of direct approval for debt and equity funding.