General News

Bondora to Remove Primary Market View Feature From User Interface


Bondora, a European peer to peer lender based in Estonia, announced on Friday it is removing the Primary Market View feature from its user interface. This change will go into effect on November 1st. Bondora stated it was removing the feature because the speed of their… Read More

Online Investment Service Wealthify Named Most Investable at Crowdfest 2016 As Seedrs Campaign Nears £870,000

richard theo

Wealthify, the online investment service, announced on Thursday it was named the UK’s most investable company, at Crowdfest 2016. The award was notably presented Wealthify CEO and co-founder Richard Theo at day two of the event in London, recognizes the robo’s business model, and its rapid growth since… Read More

Crowdcube Alum Monzo Secures £4.8M During Interim Funding Round Led By Passion Capital

Monzo 2

On Thursday, app-only bank and Crowdcube alum, Monzo, announced it has raised £4.8 million during an “interim” funding round, which was led by Passion Capital. The company crushed past records by securing £1 million in an astounding 96 seconds.  According to Business Insider, the funding round now values Monzo… Read More

Brief: GoFundMe Presents $100,000 in College Scholarships to 10 Students

Rob Solomon

GoFundMe announced on Thursday its awarded ten recipients a total of $100,000 through its first scholarship program. Each of the students was given $10,000, which will go towards college expenses. Last month, GoFundMe shared details about the scholarship program and revealed that over few years… Read More

Brief: Bank of America Merrill Lynch Forms New Strategic Relationship With Modo


On Thursday, Bank of America Merrill Lynch announced it formed a new strategic relationship with ModoPayments, LLC (Modo), a digital payment company. The new relationship will notably give the bank access to Modo’s patented COIN Operating Digital Payments Hub. According to the companies, Bank of… Read More

Brief: European Money Collection Platform Leetchi Launches Services in the UK

London UK Taxi Flag

Leetchi, a European money collection platform, announced on Thursday it is launching its services in the UK. The company, which was launched in 2009, was acquired by French bank Crédit Mutuel Arkéa last year. It has over six million users from more than 150 countries and… Read More

FINRA Allegedly Warns Off Reg CF Portals on Use of Trusts for Escrow

halt stop hand

FINRA is a non-governmental entity that acts as a financial regulator over a wide swath of the financial industry.  Their mission is to detect and prevent wrongdoing in the US financial markets. FINRA also has enforcement powers. Last year alone they rendered over 1500 disciplinary… Read More

Finland’s Heeros Announces IPOs One Year After Securing €660,000 on Invesdor


Heeros Oyj, a Finnish cloud-based financial management software solutions company, announced this week it is IPOing on Nasdaq First North growth market in Finland. The company revealed the subscription period of the IPO started on Wednesday. This launch comes one year after Heeros  secured  €660,000 through its equity… Read More

Focused on Change: European Fintech Alliance Kicks Off at Deutsche Bourse


The European Fintech Alliance, established in Berlin early this summer, seeks to represent the interests of startups in the political arena and to build bridges between policymakers and regulators at European level.  The platform touts a non-national, but EU-wide approach, for FinTechs only. Initiated by political… Read More

On Board: Bank Negara Malaysia Sets up Fintech Regulatory Sandbox

Malaysia Flag

Bank Negara Malaysia, the country’s central bank, has put together a framework for the sandbox following a month-long consultation with startups, banks and other stakeholders. Malaysia is the latest country following Indonesia, Thailand, Hong Kong, and Singapore, to set up a fintech regulatory sandbox in an effort to help startups… Read More

Moody’s Report: US Online Lending Market Inherently Weak Business Model


US online lenders have quickly seized opportunities to meet demand for more targeted, easy-to-access digital financial services; however, inherent weakness in the online lender business model will likely limit it to a small segment of the market, Moody’s Investors Service says in a report only… Read More

Brief: ZappFresh Taps MobiKwik’s Shrivastava for CTO


Moving from fintech to farmtech. Online meat brand ZappFresh has appointed former MobiKwik executive Ankur Shrivastava as the CTO where he will be responsible for building a 360 degree farm tech supply chain architecture and developing technology and processes for farmtech which will help connect farmers, vendors… Read More

Baker & McKenzie Release Asian InsurTech Report: Orienteering a Regulations Labyrinth


Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

Biz2Credit Annual Study Reveals: Revenues at Hispanic-Owned Companies Improve Substantially In Year-to-Year Comparison

Rohit Arora

On Wednesday, Biz2Credit released its annual study that revealed revenues at Hispanic-owned companies improve substantially in a year-to-year comparison. Hispanic entrepreneurs on the website notably grew by 68.7% in the past 12 months and Hispanic-owned companies had average annual revenues of $202,327, up from $68,540 the… Read More

Arrow & Indiegogo Announces New $50,000 Flash Funding Winners

Money Benjamin Dollars 100

On Wednesday, Indiegogo and its partner, Arrow Electronics, announced that Kurt Swanson, Don Pancoe and the whole team at Noria Technologies have won $50,000 in flash funds. The companies declared earlier this month they were giving $25,000 to three entrepreneurs throughout the month of October, with Brad Holland… Read More

Brief: Zopa’s Giles Andrews Named One of Digital Banking Club’s Power 50

Giles Andrews Zopa

Peer-to-peer lending platform Zopa recently announced its co-founder Giles Andrew was named one of Digital Banking Club’s Power 50. The list notably features the most innovative and influential people in European digital financial services. Zopa revealed that the list was selected by members of the Digital Banking… Read More

Brief: Kickstarter Launches New Collection of Political Creations Called “Election Issues”


With the 2016 U.S. Presidential Election nearing its final weeks, crowdfunding platform Kickstarter announced the launch of its Election Issues, which is described as a collection of political creations that are to spark conversation and action. The Kickstarter team stated: “Elections aren’t just about the… Read More

UK Investors are Turning to Alternative Finance in Low Interest Rate World


A report published by IW Capital, that researched 2000 UK consumers and citizens, stated that 30% of respondents are looking towards EIS investments in this historically low-interest rate environment.  The Bank of England pegged interest rates at 0.25% following Brexit, the lowest level in British… Read More

GoFundMe Milestone: Surpassed $3 Billion Raised on Crowdfunding Platform


Earlier this week, GoFundMe announced it has surpassed $3 million in funds raised from more than 25 million donors through its global crowdfunding platform. Speaking about the milestone, the GoFundMe team explained: “GoFundMe’s giving community has come together to support those who need help time… Read More