FinnoSummit Miami – Fintech is Booming in Latin America

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Last week, Crowdfund Insider participated in the very first FinnoSummit event (hosted by LendIt) that addressed the Fintech marketplace in Latin America (LATAM). While in past years, much discussion has focused on Fintech in Asia and Europe, it is clear that Fintech is now experiencing… Read More

Digital Consumer Finance Firm Rebel Raises $10 Million in Equity Funding from Fintech Collective and Monashees

Rebel, an online consumer finance company that provides Brazilian residents access to unsecured credit at competitive rates, has raised $10 million in equity funding. The company’s latest funding round has come just a year after it secured $4 million from XP Asset Management and various… Read More

Group IB: “Huge Set” of Turkish Bank Cards for Sale on Dark Net

Group IB, one of Russia and Eastern Europe’s largest cybersecurity firms, “has detected a massive upload of debit and credit card records …on one of the most popular underground cardshops.” According to the firm, between October 28th and November 27th of this year, criminals uploaded… Read More

Global Property Investment Platform Bricksave Now Seeking £600,000 in Funding on Seedrs

Bricksave, a UK-based property investment platform, has launched an equity crowdfunding campaign on Seedrs. The company is currently seeking £600,000 in funding while offering 13.03% in equity at a £4,004,000 pre-money valuation. Founded in 2015, Bricksave provides individuals direct access to institutional-grade real estate investments…. Read More

SEC Charges Shopin ICO Founder Eran Eyal with Selling $42.5 Million of Unregistered Securities

The US Securities and Exchange Commission (SEC) has charged Shopin founder Eran Eyal with violating antifraud and registration provisions of federal securities laws in an ICO (initial coin offering) sale. The SEC says Eyal raised $42 million USD selling Shopin tokens, or digital securities, to… Read More

Fintech Firms in Vietnam Acquired $410 Million in Funding During First 9 Months of 2019

Fintech companies in Vietnam acquired $410 million, or 36% of the total global capital invested into Southeast Asia’s economies between January and September of this year, which is right behind Singapore. Vietnam’s market share of regional VC funding allocated to Fintech-related projects increased from only… Read More

Supermodel Kathy Ireland Supports Padlist, a Proptech Crowdfunding on SeedInvest

Padlist is currently seeking $2 million on SeedInvest at a pre-money valuation of $8 million. Recently listed, the preferred equity offering is raising capital in a side by side Reg CF – Reg D offering.. If you are willing to invest, there is a minimum… Read More

BitClub Principals Arrested for Pervading Alleged $722 Million Cryptomining Fraud

Four men have been arrested and charged with promoting a cryptocurrency mining pyramid scheme that defrauded victims out of $722 million USD. Matthew Brent Goettsche, Jobadiah Sinclair Weeks and Joseph Frank Abel were arrested in various locations in the United States early this month and were… Read More

NYDFS Seeking Comment on “Proposed Guidance for the Adoption or Listing of Virtual Currencies”

New York’s more crypto-friendly iteration of the Department of Financial Services is seeking comment on a new set of guidelines to help licensed New York cryptocurrency dealers select tokens for listing or adoption. The NYDFS says that, since 2015, it has issued two dozen licenses and… Read More

U.S. Fintech Brex Secures $200 Million Through Debt Capital Raise

Fintech

U.S. fintech Brex announced on Wednesday it secured $200 million through its latest debt capital raise to continue the rapid expansion of its e-commerce product. The capital reportedly comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate… Read More

Update: Mrs Wordsmith’s Equity Crowdfunding Campaign Nears £1.2 Million in Funding During the Final Days on Crowdcube

Mrs Wordsmith, a UK-based educational publishing and gaming company, is now nearing £1.2 million in funding through its equity crowdfunding campaign on Crowdcube. The round, which is set to close next week, originally sought to raise £1 million. The company is offering 3.16% in equity… Read More


Creators of the Open Source ​DAML​ Smart Contract Language Digital Asset – Raises $35 Million in Series C

The creators of the open-source ​DAML​ smart contract language, ​Digital Asset​ (DA), has raised approximately $35 million in Series C funding from new and existing investors. According to DA, the latest financing round brings the total amount raised by the company to $150 million. Yuval… Read More

OKEx Forms New Partnership With Blockchain-Based E-Contract Platform FirmaChain

OKEx, a Malta-based digital assets exchange, announced on Wednesday it has formed a new partnership with blockchain-based e-contract platform FirmaChain. OKEx reported that through the collaboration, customers may now use OKEx’s global utility token, OKB, for purchases on FirmaChain’s platform. FirmaChain’s FCT token will also… Read More

Trade Ledger Announces New Collaboration with Mambu to Accelerate Mid-Market Commercial Lending

Trade Ledger, a UK-based specialist mid-market Lending-as-a-Service platform for banks and alternative finance providers, announced on Wednesday it has formed a new partnership with Mambu in order to accelerate mid-market commercial lending. Trade Ledger reported it will overlay its platform on the Mambu cloud banking… Read More

Global Payments Tech Provider Nuvei Secures $270 Million Through Equity Financing; Brings Valuation to $2 Billion

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

The Chamber of Digital Commerce & Enterprise Etherium Alliance Partner Up

The Chamber of Digital Commerce, a trade association representing the blockchain industry, and the Enterprise Ethereum Alliance (EEA), an advocacy group created to advance enterprise blockchain technology, have announced a new partnership. The Chamber of Digital Commerce will become an EEA Associate–Collaborative Member, and the… Read More

Report: Bank of China Issues Bonds via Blockchain

A report from earlier this week in Sina indicates that the Bank of China has issued Yuan 20 billion (USD $ 2.8 billion) in “special finance bonds” for small and micro firms. For the issuance, the Bank of China used a “self-developed blockchain bond issuance… Read More

Digital Asset Risk Management Firm Elliptic Launches Service to Warn Banks of Crypto Exposure

Elliptic, a crypto risk firm, has announced a service for traditional banks to help identify the flow of funds in and out of crypto. “Elliptic Discovery” is said to facilitate risk assessment for digital assets while covering 200+ exchanges and enabling banks to pursue new… Read More

Visa Partners With MFS Africa To Bring Digital Payments to More Consumers & Businesses Across Africa

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

Digital Bank N26 Says it’s Expanding its Perks Program for US Customers in Competitive Market

N26 Inc., the US-headquartered subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, revealed on December 9 that it’s expanding its Perks program. N26 is one of several European digital banks crossing the Atlantic to compete in the huge US… Read More

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