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  • user 3:35 am on September 16, 2016 Permalink | Reply
    Tags: 1.5M, , , , , , , , , , marketplace, , ,   

    Blockchain Marketplace Lykke Begins Crowd Sale; Looks to Raise 1.5M CHF 

    #Lykke, a Swiss startup seeking to build a global marketplace powered by #blockchain #technology, has begun its Initial Coin Offering (ICO) campaign as the company #looks to #raise CHF 1.5 million.

    Lykke blockchain global marketplaceLykke seeks to sell 30 million Lykke coins at the price of 0.05 CHF each. Lykke coins represent ownership of Lykke, an exchange for trading financial instruments built on top of blockchain technology.

    “Lykke is looking for investors who want to change the face of the global market,” Richard Olsen, co-founder and CEO of Lykke, said.

    &8220;Our goal is to upset the inefficiency and unfairness of the existing financial system, giving people a better way to manage their money and their assets.&8221;

    The #crowd #sale is available to anyone over 18 years old (except for US citizens) and will run until October 10, 2016. Individuals can purchase these tokens using the Lykke Wallet application for iOS or Android devices using Swiss francs, US dollars, bitcoins and ether, the native #cryptocurrency of Ethereum. (more information here)

    The Lykke Wallet lets users purchase &8220;any kind of financial instrument,&8221; trade them in a peer-to-peer manner, with &8220;second-by-second interest payments.&8221;

    &8220;We want to give our customers and those who believe in our vision a chance to participate in owning part of the company,&8221; Olsen said.

     

    Lykke&8217;s technology

    Launched in 2015 and headquartered in Zurich, Lykke is building a single #marketplace where any sort of financial instrument can be traded and settled. Unlike the structure of traditional markets, Lykke aims at being a &8220;level playing field to which anyone with an Internet connection can have access.&8221;

    By using blockchain technology, Lykke offers immediate settlement and direct ownership for zero commission. According to the company, revenues will come from providing liquidity, offering issuance services, and supporting institutional clients.

    Lykke uses the Colored Coin protocol to list financial instrument on the blockchain in the form of a digital tokens. Colored coins follow the idea of &8220;coloring&8221; a specific #bitcoin – the issuer guarantees to hand out the underlying assets to the person, who returns the colored coin.

    According to its whitepaper, all of the software underpinning the Lykke Exchange are being developed in open source.

    Lykke WalletThe Lykke ecosystem will be composed of several elements: the Lykke Wallet for core currency trading with 0% commission; the Lykke Exchange, a semi-centralized online exchange for trading financial instruments issued in the form of colored coins and a marketplace for retail and institutional clients; as well as the yet-to-be launched Competition Platform, which will allow users to crowdsource the most innovative ideas.

    Lykke also plans to partner with #banks, corporations, and municipal entities to speed up adoption of its software wallet though white-labeling.

    Lykke Exchange was developed since December 2015 and went live in beta on March 2016 with wider industry testing starting in May 2016. The exchange was initially launched with the Lykke coin, shares of Lykke, and started two innovative projects: colored coins for music rights and colored coins for CO2 certificates.

    The company is looking to include several asset classes such as future and options on digital assets, crowdfunded loans for retail and private equity financing for Small and Medium-Sized Enterprises (SME), contracts for difference, zero coupon bonds and other fixed income, and natural capital bonds, among others.

    Lykke received initial seed funding in 2015. Philipp Netzer, an investor in the country says that &8220;Lykke is the begging of a giant movement that will trigger a lot of very important changes in the financial industry.&8221;

    Prior to founding Lykke, Olsen was the chairman and co-founder of OANDA, a Canadian-based foreign exchange company.

    You can be part of Lykkes Initioan Coin Offering here,.

    Lykke Wallet_iOS_and_Android

    The post Blockchain Marketplace Lykke Begins Crowd Sale; Looks to Raise 1.5M CHF appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     

  • user 12:18 am on August 20, 2016 Permalink | Reply
    Tags: , , , marketplace, ,   

    Goldman Sachs Takes on Marketplace Lending with Marcus 

    Today it was revealed that banking giant #Goldman #Sachs will be launching an online retail #lending operation called #Marcus, after founder Marcus Goldman, as reported by the New York Times, The operation will likely roll out this October, and will start by offering small consumer loans from $ 15,000 to $ 20,000. This follows the launch of GSRead More
    Bank Innovation

     

  • user 12:18 am on June 20, 2016 Permalink | Reply
    Tags: , 24, , , , , , , marketplace, , , , , roboinvesting, , ,   

    Wrap of Week #24: Robo-advisors, Blockchain; Insurtech and Small Business; in-store mobile payments; Marketplace lending 

    The UK is in the spotlight for many reasons (some good, some bad). We gave it first position this #week but we also traveled from Australia to the US. 21 #roboinvesting ventures in the UK & the Blackrock tale. Sizing the UK #robo-advisory market, which seems on the way to triple its size. An in…Read more #Wrap of Week #24: Robo-advisors, #Blockchain; #Insurtech and #Small Business; in-store #mobile #payments; #Marketplace #lending
    Bank Innovation

     

  • user 2:42 pm on June 17, 2016 Permalink | Reply
    Tags: , , , , marketplace,   

    The Emerging Value Chain Ecosystem in Marketplace Lending 

    In ye olden days it was called P2P #Lending. You can still see the vestiges of that model in services such as Lending Club and Prosper. Everything happened on one service. However as these marketplaces grew, a networked #ecosystem has started to emerge. We are 100% confident that this networkedRead More
    Bank Innovation

     

  • user 7:36 am on June 14, 2016 Permalink | Reply
    Tags: , , , marketplace, ,   

    Marketplace Lending: Attractive, Stable Returns in a Zero Interest Rate World. 

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    “Global yields lowest in 500 years of recorded history. $10 trillion of negative interest rate bonds. This is a supernova that will explode one day”    

    -Bill Gross, Co-founder of PIMCO

    Legendary bond investor Bill Gross doesn´t mince words here. The coming supernova will destroy the life savings of countless hard working people worldwide. Yet most investors continue sleepwalking toward an impoverished future. Not only is a very large percentage of private savings held in today´s radically overvalued government and corporate bonds, but most public and private pension savings as well are invested in these same markets.

    Why do savings continue to pour into government and corporate bonds despite very low or even negative yields and the potential for huge losses when interest rates normalize at some future time? Based on my twenty-five years of experience as an #investment advisor, my guess would be simply momentum, along with a self-serving investment management industry that consistently puts the customer´s interest last. Asset management is a huge industry that continues to turn its wheels as it has for decades, investing a large share of the savings of its customers in government and corporate bonds. The fact that the endless quantitative-easing bond purchasing programs by leading central #banks has distorted the fixed-income capital markets to a very dangerous extent is not sufficient to stop these wheels, especially while billions of dollars in fees and commissions depend on continuing to do “business as usual”. 

    What is an investor to do? The answer is surprisingly simple. The first step to get out of a hole is to stop digging. Accept Bill Gross´ wake-up call, and invest no further in traditional bonds or bond funds that hold overvalued, often negative yielding fixed income instruments. Rather, take some time, do some research, and educate oneself about the growing alternatives to traditional fixed income that do provide for steady, attractive returns without the risk of being burned in the supernova that Bill Gross predicts. In short, my recommendation is to turn to #marketplace #lending. 

    Marketplace lending, also known as marketplace finance, is where savers can secure attractive returns by lending funds to individuals and businesses directly without the intervention of banks or purchasing bonds on the public exchanges. These loans can be made directly through any number of online platforms, or through investment in specialized investment vehicles (mutual funds or unit investment trusts) that focus on marketplace finance. At this point, the track-record is sufficiently clear, and the new investment vehicles sufficiently developed for me to make this recommendation to any serious client who is willing to learn new ways of building their savings without accepting the risks of grossly overvalued bonds.

    A further advantage of this approach to achieving reasonable returns on savings is that marketplace finance largely focuses on short maturities (as short as 60 to 90 days, and almost never more than 3 years). These short maturities reflect the needs of business and individuals for loans (often secured by assets or insurance policies) for inventory acquisition, trade finance, small business expansion, aircraft leasing, consumer loans, factoring, discounting  invoices, or any of a myriad of alternatives that allow investors to earn returns from deploying their savings into the real economy of commerce and trade, rather than the quantitative easing bubble in the public bond markets created by central banks since the 2007 financial meltdown. An important advantage of these short maturities is that they permit “self liquidation”, allowing the investor to recover invested funds if necessary through maturity of the underlying loans, even if secondary markets are disrupted during a financial crisis. 

    Let´s look at the track-record now. For US investors, the Orchard US Consumer Marketplace Lending Index demonstrates a 6% return in the last twelve months, with notable stability and predictability that will allow even anxious investors to sleep at night. 

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    In case one believes that the US experience is exceptional, let´s look at the UK market, where the Liberum Alfi Returns index tracks investor returns from the leading marketplace lending platforms in Great Britain. Once again, the twelve month lagging return is approximately 6%. It is noteworthy that this index demonstrates that even in the midst of the financial crisis of 2007-2008, investor returns never were lower than 5%.

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    Finally, for investors who prefer to delegate to professional management rather than lend directly on platforms, I would recommend the pioneering and innovative Luxembourg SICAV-SIF,  Synthesis Market-Based Financing Fund.   Founder and CEO  Spyros Papadopoulos has built an attractive track record of over three years of positive returns month after month through employing a variety of lending strategies moving well beyond #P2P lending, with a particular expertise in trade finance. 

    AAEAAQAAAAAAAAiBAAAAJDE5YzRiYjE4LWE3ZWItNGY5Zi04N2MwLTQwM2ExYmM5MjVmMA

    As per the warning from Bill Gross, there is a clear and present danger in the bond markets today that could have catastrophic consequences for savers, as well as wiping out their public and private pension plans. The good news is that there are alternatives available for investors who are willing to face the facts and make the effort now to learn about the attractive and low volatility returns that marketplace finance can provide. 

    [linkedinbadge URL=”https://www.linkedin.com/in/jameslevy01″ connections=”off” mode=”icon” liname=”James Levy”] is Partner at Clearwater Private Investment and this post was originally published on linkedin.

     

  • user 12:19 am on June 13, 2016 Permalink | Reply
    Tags: , 23, , , , , marketplace, , ,   

    Wrap of Week #23: Crowdfunding, Digital wallets & POS, Marketplace lending 

      Last #week we crossed the 10,000 subscribers milestone. We are taking a moment in this weekly #wrap to celebrate with our community. Bring a colleague to join the&160;community and enrich our open-source research. Coverage last week was global; The West, with a German, French, and Canadian focus. The East with Australia. Enjoy. Is a…Read more Wrap of Week #23: #Crowdfunding, #Digital #wallets & POS, #Marketplace&160;#lending
    Bank Innovation

     

  • user 12:19 pm on June 4, 2016 Permalink | Reply
    Tags: , , , , , , marketplace, ,   

    Marketplace Lending Depends on Savers Moving on From Bank Deposits 

    The #Fintech is dead meme is now in full flood. Authoritative sources such as this Deloitte report (with sensationalist headline #from Business Insider) add credibility to this meme.  This feels like the Internet is dead consensus in 2002. At the time I vividly recall the relief with which media companiesRead More
    Bank Innovation

     

  • user 2:12 am on May 23, 2016 Permalink | Reply
    Tags: , , , , , , , , marketplace   

    How will marketplace lending become a mainstream investment asset class? 

    moneyhands A friend who recently started his own business couldn’t obtain a mortgage from three #banks. I suggested he try #marketplace #lending platforms like SoFi to take advantage of the ongoing innovation in #fintech. However, SoFi turned him down, as well, because it abides by the same underwriting rules as traditional banks. Like the banks, SoFi sells their mortgage loans to Fannie Mae. Read More


    fintech techcrunch

     

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