Samantha Hurst

seriesOne Announces Acquisition of Dynamo Development to Accelerate Global Expansion Efforts & In-House Software Development

Fintech

seriesOne, a blockchain based fintech firm, announced on Wednesday its acquisition of Dynamo Development, a custom software development company with a mature engineering team based in the Ukraine. According to seriesOne, the acquisition enables it to expand and strengthen its in-house technology development capabilities, to accelerate… Read More

KoreConX Announces Partnership With Global Investment Bank Entoro

KoreConX announced on Wednesday it has formed a new partnership with global investment banking group, Entoro Capital. According to KoreConX, Entoro provides advice and services to a wide range of established and growth-oriented businesses around the world. The bank’s experienced professionals notably offer expertise across a… Read More

Chinese P2P Lender Lufax’s Valuation Goes Up to $39.4 Billion Following 1.3 Billion Series C Funding Round

Following its Series C funding round, which secured $1.3 million, Chinese peer-to-peer lending platform Lufax Holding has reportedly increased its total estimated valuation to $39.4 billion. Launched in 2012, Lufax provides professional investment and financial services for SMEs and individual customers. The platform is also… Read More

Crypto Wallet & Exchange Abra Announces Expansion of Support For Ethereum

Abra, a U.S.-based all-in-one cryptocurrency wallet and exchange, announced on Wednesday it has expanded support for the Ethereum platform by adding native integration of Ethereum’s currency, ether (ETH). Abra users may now deposit, invest, and withdraw ether directly from the Abra app. Abra reported that… Read More

German Insurtech Platform wefox Group Secures $125 Million Through Series B Investment Round

wefox Group, a Germany-based insurtech firm, has successfully secured $125 million through its Series B funding round. China-based fintech CreditEase reported that its direct investment arm, CreditEase Fintech Investment Fund (CEFIF) participated in the round, with Goldman Sachs International acting as a private placement adviser… Read More

æternity Ventures’s Second Starfleet Accelerator Program Announces Most-Promising Blockchain Startups Shortlist

æternity, the blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance and global scalability, announced on Wednesday the startup selection for the next round of æternity Starfleet Accelerator. According to æternity, following the significant success of the first accelerator program in June 2018, where over… Read More

Micro Investing Mobile App Stash Secures $65 Million Through Series E Funding Round; Launches Banking & “Stock-Back” Rewards Program

Stash, a U.S.-base micro investment mobile app, has raised $65 million through its Series E funding round. Founded in 2015, Stash describes itself as a digital-first financial services company committed to making saving and investing accessible to everyone. The company explained: “ By breaking down… Read More

PayPal Commits to Making $750 Million Strategic Investment in MercadoLibre

MercadoLibre, Inc. (NASDAQ: MELI), a Latin American e-commerce technology company, announced on Tuesday it intends to offer approximately $1 billion of common stock. The company reported it also intends to grant the underwriters a 30-day option to purchase up to $150 million of additional shares… Read More

OnDeck Announces Extension of Two Revolving Credit Facilities With Credit Suisse & Deutsche Bank

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

Fintech & Insurtech novae Launches All-Digital Platform Onboard

Novae, a U.S.-based fintech and insurtech firm, announced on Wednesday it has launched Onboard, which is described as an all-digital platform that allows bank cardholders to access all their card-related benefits by simply downloading the app and entering the first six digits of their cards…. Read More

Overfunding: Dragon Den Alum GripIt Surpasses £1 Million Funding Target on Crowdcube

Dragon Den alum GripIt has successfully secured its initial £1 million funding target through its latest equity crowdfunding campaign on Crowdcube. The funding round was launched last month and has attracted more than 500 investors. As previously reported, GripIt describes itself as the World’s Ultimate… Read More

Pesticide-Free Hydroponic Farming Brand Element Farms Now Seeking Funding on WeFunder

Element Farms, an indoor hydroponic farming company capable of growing safe, pesticide-free spinach at scale year-round, has launched its investment round on equity crowdfunding platform WeFunder.  Founded in 2016, Element Farms describes itself as a produce company driven by technology. The company uses “cutting-edge,” proprietary… Read More

Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud

Just days after announcing its acquisition of global cross-border account-to-account money transfer network, Transfast, credit card giant Mastercard announced on Tuesday it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time… Read More

Onfido Appointed to FIDO Alliance Board of Directors

Onfido, a U.S. based identity verification platform, announced on Tuesday it has been appointed to the FIDO Alliance Board of Directors. As previously reported, Onfideo reportedly uses machine learning to help more than 1,500 companies to verify their users’ identity online. The company noted it… Read More

Forte Teams Up With Ripple to Create $100 Million Fund for Mainstream Blockchain Games

Forte, a blockchain technology for games developer, has formed a new partnership with Ripple to create a $100 million fund for mainstream blockchain games. According to Venture Beat, this new fund will operate alongside Forte’s platform technologies and include open-source solutions designed with Ripple to… Read More

Premium Beverage Brand VEEN Now Seeking €1.2 Million Through Invesdor Funding Round

Premium beverage company, VEEN,  is now seeking €1.2 million through its first equity crowdfunding round on Invesdor. The company is now offering equity of 6.47%-15.59% through the campaign.  Established in 2007, VEEN today employs 54 people in 6 countries with a robust sales and distribution… Read More

Aave Debuts Bitcoin on Ethereum-Based Crypto Lending Marketplace ETHLend

Aave, a UK-based tech company which specializes in the development of decentralized and hybrid blockchain applications, announced last week it has launched Bitcoin on its cryptocurrency lending marketplace ETHLend. According to Aave, the release introduces the capability for the ETHLend users to use their Bitcoin holdings as… Read More

eToro Wallet Mobile App Now Allowing Users to Buy Crypto With Fiat

Global investment platform, eToro, announced on Monday that its eToro Wallet mobile app is now allowing users to buy cryptocurrency with fiat. According to eToro, all cryptoassets available in the eToro Wallet (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP) may now be purchased directly… Read More

Mastercard Announces Acquisition of Transfast to Advance Cross-Border Capabilities

Mastercard (NYSE: MA) announced on Friday it has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network, to continue the advancement of its cross-border capabilities. Mastercard reported thatTransfast will complement its wide range of payment solutions by increasing worldwide connectivity… Read More

Groundfloor Announces New Partnership With Dwolla

Real estate crowdfunding platform Groundfloor announced last week it has formed a new partnership with Dwolla, Inc. to make payments more efficient for borrowers and investors. According to Groundfloor, Dwolla’s white label platform will now help the funding platform’s users initiate the transfer of money to their… Read More

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