China: WeiyangX Fintech Review

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People’s Bank of China issues “Fintech Development Plan (2019-2021)” On August 22nd, the People’s Bank of China issued a three-year development plan for the country’s emerging Fintech industry. According to the plan, China will improve the top-down design of the Fintech industry, further boost the… Read More

Dutch Banks Not Serving Blockchain Firms Due to Concerns About Money Laundering

Dutch banks are refusing to serve not only cryptocurrency trading platforms, but also “blockchain consultancies” or any firm using the terms “crypto” or “blockchain” in business filings, Nextens reports. According to the outlet: “An inventory was made in the Cryptocast program of BNR Nieuwsradio. When a… Read More

SMBX Closes on “Worlds First” Small Business Bond Issued by Bernal Cutlery

“Be the bank,” is what SMBX tells its users, encouraging investors to provide access to debt capital for small businesses that typically struggle to get a loan from old finance. SMBX, a blockchain-powered platform that recently received FINRA approval to operate as a Reg CF… Read More

Chicken or Egg? Firm Finds Correlation Between Tether Demand and Sentiment on Reddit

Tether traders are trading sentiment, but are they creating it? Crypto-sentiment analysis provider Augmento is claiming to have found a correlation between sentiment regarding the controversial USD-proxy cryptocoins Tethers, and sentiment expressed on Reddit, a social media platform favoured by crypto enthusiasts. According to the… Read More

Milestone: Canadian Fintech iCASH Surpasses $100 Million in Consumer Loans Funded

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

Prime Trust Announces Integration With Vertalo to Provide On-Chain Cap Table Solution for Issuers

Prime Trust, a blockchain-driven trust company, announced on Thursday it has integrated with Vertalo, an operating system for digital assets, to provide proprietary asset tokenization and cap table management solutions to its crowdfunding business unit, which is formerly known as FundAmerica. Prime Trust reported that… Read More

Report: Three Companies Backing Facebook’s Libra Crypto Project Getting Cold Feet

At least three companies that threw their support behind Facebook’s bid to create a global cryptocurrency network within its apps are considering leaving the Libra Association as regulators level on the project, Financial Times reports. The disquieted companies are not named, but some reportedly fear… Read More

Switzerland’s Numbrs Secures $40 Million Through Latest Investment Round; Named Fintech Unicorn After Being Valued At More Than $1 Billion

Numbrs, a Switzerland-based fintech, announced this week it has secured $40 million through latest investment round. With the latest round of funding, the company is now valued at more than $1 billion and has been dubbed a Swiss Fintech Unicorn. Numbrs describes itself as a… Read More

Update: Renewable Energy Product Brand Deciwatt Is Set to Close Seedrs Round With More Than £500,000 in Funding

Deciwatt, a UK-based company that creates renewable energy products that allow users to make light and power, is set to close its equity crowdfunding round on Seedrs with more than £500,000 in funding. The funding round was launched earlier this summer with a mission to… Read More

Crypto Twitter Pundit Claims New York Attorney General’s Pounce on Bitfinex Highly Strategized

Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More

Fintech Emma Says Some Banks are Not Meeting Open Banking Rules

Beginning September 14, 2019, European Union rules regarding “Strong Customer Authentication” (SCA), part of PSD2, kick in. These rules, which also impact the UK, involve the way in which banks or payment services providers verify their customers’ identity and validate specific payment instructions. Mandated API… Read More


Loan Origination AI Platform Blooma Secures $2.75 Million Through Seed Funding Round Led By Floodgate

Blooma, a U.S.-based loan origination AI platform, announced earlier this week it secured $2.75 million through its seed funding round, which was led by Floodgate with participation from Abstract Ventures, Crescent Ridge Partners and Serra Ventures. Blooma reported that it launched its first production module… Read More

Financial Planning Startup Grove Joins Robo Advisor Wealthfront’s Platform

Robo advisor Wealthfront announced on Thursday that financial planning startup, Grove, has joined its platform. Wealthfront reported that Grove was founded in 2015 with a mission to mission to empower users to make “great decisions” about their money through a combination of human advisors and… Read More

Fentanyl Dealer, a Bittrex and Poloniex Exchange Client, Sentenced to 70 Months

Sky Justin Gornik, 39, of San Diego, has been sentenced to 70 months in prison for conspiracy to deliver, distribute and dispense controlled substances through the internet and conspiracy to launder drug proceeds using digital currencies. According to the August 19th release regarding the conviction… Read More

Chainalysis Launches Software That Flags Suspicious Cryptocurrency Transactions on 15 Networks

Blockchain forensics firm Chainalysis has launched a “Know Your Transaction (KYT)…real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions…across 15 cryptocurrencies.” Networks covered by the software include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, stablecoins and ERC-20 tokens such as Tether, Maker, and Dai. The company… Read More

Chinese Insurtech CareVoice Completes Series A Funding Round Led By LUN Partners Group

CareVoice, a China-based insurtech startup, announced earlier this week it secured eight figures during its Series A investment round, which was led by LUN Partners Group with participation from DNA Capital, SOSV, and Artesian Capital. Founded in 2014, CareVoice states it provides a mobile-based data-driven… Read More

Revolut Boosts Executive Leadership with New Hires from Traditional Banking

Digital bank Revolut has added to its executive team with several new hires harkening from traditional finance. According to Revolut, the Fintech bank has hired Philip Doyle as Director of Financial Crime Risk, Wolfgang Bardorf as Treasurer and Stefan Wille as Deputy Chief Financial Officer…. Read More

Engineers Bristling at R3, Some Claiming Corda Blockchain Unscalable

A dozen engineers who work or have worked for “blockchain” consortium R3 are contributing to a group chat critical of the company, The Block reports: “(T)he aforementioned group chat documents complaints ranging from R3’s so-called ‘poor’ company culture and concerns over its core, pay-to-use DLT… Read More

Update: Smarterly’s Seedrs Round Now Nearing £2.3 Million in Funding

UK-based investment services Smarterly has successfully secured nearly £2.3 million in funding through its equity crowdfunding round in Seedrs. The funding round, which has attracted close to 500 investors so far, was launched earlier this month and quickly surpassed its initial £2 million. As previously… Read More

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