P2P Weekly: Texas crowdfunding

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Audrey White
1st September 2015

“First oil and gas crowdfunded project meets goal,” Houston Business Journal

The Houston-based Crudefunders LLC has funded its first project, a $950,000 campaign to rework an existing well. The crowdfunding company, which focuses on energy-related projects in a region and state known for its production of oil and other energies, received funding from more than 30 investors, including three accredited investors that funded the majority of the project. Future funding projects may include shadow wells, mineral projects and support for service companies starting up.

“Zopa boss steps aside to ‘focus on strategic growth,’” The Telegraph

Giles Andrew, who has helmed peer to peer leader Zopa for eight years, will take the role of executive chairman while former chief operations officer Jaidev Janardana steps into the CEO role.

“I am concentrating on the bits of the business I do well, and giving Jaidev the responsibility he has earned,” Andrews said.

“Why this $9 billion publicly traded toy company is Ccowdfunding to find the next big game,” Entrepreneur

Hasbro and Indie GoGo are teaming up to ask game makers to submit their most innovative ideas, and then five innovators will compete with online crowdfunding campaigns to have their game made and distributed by Hasbro. For the $9 billion company, the effort isn’t about the money, but rather “building that relationship directly with the creators and makers,” said Brian Champman, Hasbro’s of global design and development.

“More investors turn to P2P lenders for high yield,” CNBC

More investors are realizing that peer-to-peer lending offers a chance to make higher yields than other types of investments. Lenders at two of the U.S.’s most popular platforms are seeing returns of five to 10 percent overall since 2009.

“Crowdfunding changing the real estate landscape in Southeast Asia,” Yahoo News, written by platform CoAssets

“[Crowdfunding platforms like CoAssets] have opened up the opportunity for high net worth or HNW and even non-HNW to invest in real estate projects through crowdfunding. This is a groundbreaking concept that was made a lot easier by platforms fuelled by the people. With their program in place, it allows even as low as SG$1,000 as an investment for real estate projects. This is a great way to open up and forever change the real estate landscape in the region.”

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