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Alternative finance has grown into a considerable global industry in recent years following the financial crisis, according to various reports, particularly for small and medium enterprises. For instance, the
European online alternative finance market is estimated to have reached nearly €3bn in 2014,
143:' mechanisms. Alternative finance differs to traditional banking or capital market finance through technology-enabled 'disintermediation', which means utilising third party capital by connecting fundraisers directly with funders, in turn, reducing transactional costs and improve market efficiency.
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and is projected to reach €7bn in 2015. For the United
Kingdom, according to the University of Cambridge and Nesta, the UK online alternative finance market reached £1.74bn in 2014. In comparison, the alternative finance markets in France and Germany reached €154m and €140m respectively in 2014.
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Financial health platform on alternative finance that can give a transparent and detailed picture of the financial situation of anyone using bank transaction data which can accelerates the way for decision-making by providing precise credit scoring based on financial history, these platforms in
158:, accredited investors are allowed to invest on equity crowdfunding platforms from September 2013. The SEC then announced the updated and expanded Regulation A mandated by the Title IV of the JOBS Act to allow non-accredited investors to participate in equity crowdfunding.
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in the United
Kingdom from 1 April 2014. Peer-to-peer lending investment will be eligible for an Innovative Finance ISA from 2016. In the US, under the Title II of the
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refers to financial channels, processes, and instruments that have emerged outside of the traditional finance system, such as
570:"Including peer-to-peer lending in the new innovative finance Isa will provide boost for millions of Brits | City A.M"
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546:"A review of the regulatory regime for crowdfunding and the promotion of non-readily realisable securities by other media"
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Alternative finance activities such as equity crowdfunding and peer-to-peer lending are now regulated by the
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100:. Examples of alternative financing activities through 'online marketplaces' are reward-based
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283:"Crowdfunding: Disintermediated Investment Banking by Brian J. Rubinton :: SSRN"
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231:"Cambridge Judge Business School: Cambridge Centre for Alternative Finance"
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369:"Ripe for the picking : A guide to alternative sources of finance"
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612:"SEC Adopts Rules to Facilitate Smaller Companies' Access to Capital"
525:"L'essor du prêt en ligne booste la finance participative en Europe"
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504:"Crowdfunding in Deutschland wenig verbreitet - SPIEGEL ONLINE"
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400:"Global insights from regional Alternative Finance studies"
428:"European market for online alternative finance surges"
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may be too technical for most readers to understand
139:, community shares, private placement and other '
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591:"Jumpstart Our Business Startups (JOBS) Act"
114:peer-to-peer consumer and business lending
77:Learn how and when to remove this message
61:, without removing the technical details.
123:Alternative finance instruments include
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59:make it understandable to non-experts
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473:"Understanding Alternative Finance"
345:"The Future of Financial Services"
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120:third party payment platforms.
478:. Nesta.org.uk. Archived from
257:. Nesta.org.uk. Archived from
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29:Alternative financial service
426:Harriet Agnew (2015-02-23).
374:. Cbi.org.uk. Archived from
252:"The Rise of Future Finance"
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407:home.kpmg/uk/en/home.html
527:. Lemonde.fr. 2015-02-23
506:. Spiegel.de. 2015-02-20
27:Not to be confused with
206:Revenue-based financing
110:revenue-based financing
572:. City A.M. 2015-07-09
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614:. SEC.gov. 2015-03-25
639:Financial technology
294:10.2139/ssrn.1807204
201:Peer-to-peer lending
162:Europe empowered by
449:"Moving Mainstream"
288:. Papers.ssrn.com.
191:Equity crowdfunding
106:equity crowdfunding
90:Alternative finance
18:Alternative Finance
644:Financial services
211:Social impact bond
137:social impact bond
112:, online lenders,
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181:Crowdfunding
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217:References
593:. SEC.gov
133:mini-bond
430:. FT.com
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170:See also
156:JOBS Act
127:such as
310:1807204
176:Bitcoin
129:Bitcoin
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