July 21, 2017 @ 11:10 pm By Samantha Hurst  |  

On Friday, Canadian fintech firm MOBI724 (CSE:MOS)(MOS.CN)(CNSX:MOS)(MOBIF) announced it has filed and received receipt for its final prospectus, qualifies the 29,538,203 common shares of the company and 14,769,101 common share purchase warrants issuable upon the exercise of the 29,538,203 special warrants that were previously issued by… Read More

July 21, 2017 @ 5:59 pm By JD Alois  |  

Borrowell, a Canadian Fintech firm that provides a safe way for Canadians to obtain three and five year fixed-rate loans at low interest, has raised $57 million in Series A funding round. The capital infusion included $12 million in equity and $45 million in a new credit… Read More

July 21, 2017 @ 2:35 pm By JD Alois  |  

Today the Faster Payments Task Force, created by the Federal Reserve, released its final report along with their recommendations on what needs to be accomplished to bring the US up to date in the payments space. Anybody engaged in the payments sector understands that the US… Read More

July 21, 2017 @ 1:00 pm By Samantha Hurst  |  

Swedish Fintech company Klarna Bank announced on Friday it received a strategic equity investment from Permira, a global investment firm that advises funds and accounts with a total committed capital of circa €32 billion. According to Klarna, the investment partnership will acquire shares from existing… Read More

July 21, 2017 @ 12:50 pm By Samantha Hurst  |  

Independent online financial advisor, Betterment, announced on Friday a $70 million round of funding, which is described as an extension of the company’s Series E from last year. According to Betterment,  Swedish investment company Kinnevik led the round, extending its financing from last year. Previous investors Bessemer Venture Partners, Menlo… Read More

July 21, 2017 @ 12:24 pm By JD Alois  |  

The Faster Payments Task Force is a group of payment industry stakeholders with representatives from across the payment ecosystem. The group involved over three hundred different stakeholders. The Federal Reserve assembled the task force to help identify and evaluate alternative approaches to implementing safe and… Read More

July 21, 2017 @ 11:58 am By Samantha Hurst  |  

On Friday, digital wealth management FLYNT announced it obtained a banking-license from the FINMA and operates now under FLYNT Bank AG. The start-up stated: “The banking-license allows FLYNT the required independence to approach Wealth Management in new ways and using innovative technologies, thus enabling private and… Read More

July 21, 2017 @ 11:26 am By JD Alois  |  

Republic, an investment crowdfunding platform founded by AngelList alumni, is collaborating with Sony Entertainment on a new series of pitch events involving the Draper family. And who are the Drapers, you may ask? The Drapers are California based VC’s with a pretty amazing track record…. Read More

July 21, 2017 @ 11:20 am By Samantha Hurst  |  

Global payment solution provider, Paysafe Group plc (LSE: PAYS.L), announced on Friday it has acquired Delta Card Services Inc., the holding company for Texas payment processor Merchants’ Choice Payment Solutions (MCPS), for $470 million. According to Paysafe, MCPS is a data-focused full-service payment processor for merchants… Read More

July 21, 2017 @ 10:47 am By Samantha Hurst  |  

While revealing a “refresher” of its lending policies, UK-based peer-to-peer lender, Zopa, announced that as of July 20th it has lent £2.46 billion and is lending around £80m per month. “With the support of our customers, we have (as of 20 July 2017) lent £2.46bn… Read More

July 21, 2017 @ 10:18 am By Samantha Hurst  |  

investFeed, a community-powered stock trading network, is set to commence its Token Generation Event (TGE) starting Sunday at 9 a.m. UTC. The fintech firm stated its ill conducts TGE for 15 days and a significant amount has already been committed from strategic investors. The company… Read More

July 21, 2017 @ 10:15 am By JD Alois  |  

Ron Suber, perhaps the most prominent global Fintech Ambassador and President Emeritus of Prosper Marketplace, is on an extended swing across Asia visiting various platforms and presenting at events. Visiting with CNBC Asia this week, Suber explained how important transparency is for online lending and… Read More

July 21, 2017 @ 9:29 am By Samantha Hurst  |  

This week, Luke Lang sat down with his Crowdcube co-founder, Darren Westlake, to discuss start-up challenges and the entrepreneur lifestyle. The interview’s description reads: “Listen to Luke’s perspective about the challenges of starting a business in a new sector, in the tail end of a… Read More

July 21, 2017 @ 9:09 am By Samantha Hurst  |  

Innovate Finance, the independent membership organization that represents the voice of Britain’s global fintech sector, is set to host its global summit in London on March 20th at the Guildhall. The event’s description reads: “Financial technology has evolved into a powerful global movement that has brought… Read More

July 21, 2017 @ 8:09 am By JD Alois  |  

CapitalRise, a property crowdfunding platform that lets people invest in real estate for as little as £1000, has announced it has raised £.1.35 million for a luxury homes development in Hampshire. This is the platforms largest funding round to date. CapitalRise said their recently launched… Read More

July 20, 2017 @ 5:34 pm By Samantha Hurst  |  

Fast Track, a global platform that enables accredited investors and funds to co-invest with technology startups, announced on Thursday the completion of its first successful deal, which raised €1.3 million for Swiss biomedical company, Monarch Bioimplants. According to Fast Track, Monarch Bioimplants has engineered a… Read More

July 20, 2017 @ 5:06 pm By JD Alois  |  

Yesterday, the acting Comptroller of the Currency, Keith Noreika, dove into one of the hottest debates the Office of the Comptroller of the Currency (OCC) has endured in years. Noreika expressed his support on the concept of creating a national Fintech Charter to allow nascent… Read More

July 20, 2017 @ 4:38 pm By Samantha Hurst  |  

This week, Producer Earl M. Benjamin, Director Sean McNamara, and Writer Harris Goldberg have teamed up to launch a campaign on Indiegogo/MicroVenture’s equity crowdfunding platform to raise funds for the upcoming film The Three Little Stooges. According to the campaign, The Three Little Stooges will feature… Read More