May 9, 2019 @ 9:13 am By Samantha Hurst  |  

The Investment Association (IA) announced on Wednesday the second cohort of fintech firms which will be joining Velocity, the IA’s innovation hub and FinTech accelerator for the buy-side and asset management industry. The firms selected are the following: AxeTrading: A specialist Fixed Income EMS delivering technology… Read More

May 9, 2019 @ 8:33 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

May 9, 2019 @ 8:01 am By Samantha Hurst  |  

Better.com announced on Thursday it has expanded into several new markets, including Montana, New Mexico, Rhode Island, Nebraska, and Wyoming. Backed by Ally, Citigroup, Goldman Sachs, American Express Ventures, Kleiner Perkins, Pine Brook and Healthcare of Ontario Pension Plan (HOOPP), Better.com describes itself as one… Read More

May 8, 2019 @ 3:46 pm By Samantha Hurst  |  

ICON, one of the largest blockchain projects in South Korea, announced on Wednesday it will launch the ICON TX (Transaction) Challenge, which is described as a large blockchain development contest with a total prize pool of one million ICX (ICON’s cryptocurrency), starting on June 3rd…. Read More

May 8, 2019 @ 3:14 pm By Samantha Hurst  |  

Less than six months after securing $17.5 million through its Series B funding round, UK money transfer fintech TransferGo announced it received $3.4 million from French capital firm Seventure Partners to add to the funding round. As previously reported, TransferGo currently offers transfers between nearly 50… Read More

May 8, 2019 @ 10:53 am By Samantha Hurst  |  

Payment processing brands Klarna and Stripe announced on Tuesday they are offering Klarna’s Pay in 3 for music fans heading to the Hideout Festival this summer through ticketing platform Kaboodle. According to the duo, Hideout is an annual electronic music festival and is entering its… Read More

May 8, 2019 @ 9:34 am By Samantha Hurst  |  

Fintech unicorn SoFi announced on Tuesday the launch of its newest exchange-traded funds (ETFs), which are the SoFi Gig Economy ETF (NASDAQ: GIGE) and the SoFi 50 ETF (NYSE: SFYF). According to SoFi, the ETFs will further extend its approach of providing members access to… Read More

May 8, 2019 @ 8:33 am By Samantha Hurst  |  

Nubank, a Brazil-based fintech startup, announced on Wednesday its arrival in Mexico through a new subsidiary company called “Nu.” Nubank reported that this is the first time  that it will offer products outside of Brazil. The fintech’s goal is to challenge the complexity of the… Read More

May 8, 2019 @ 8:17 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Wednesday it has opened new international headquarters in Singapore, while also launching “SquirrelSave,” a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd (PIVOT). PINTEC reported its international headquarters in Singapore will… Read More

May 7, 2019 @ 3:23 pm By Samantha Hurst  |  

Wriggle, a UK-based real-time marketplace for local eat-out food and drink, is now seeking £600,000 through its new equity crowdfunding campaign on Seedrs. Founded in 2014,  Wriggle is on a mission to help people discover, and spend their money at the best local food and… Read More

May 7, 2019 @ 2:25 pm By Samantha Hurst  |  

Fig Loans, a U.S.,-based fintech company that offers credit building alternatives to predatory loans for low-income borrowers, announced on Tuesday it has become a Certified B Corporation and federally certified Community Development Institution (CDFI). According to Fig, CDFIs are certified by the U.S. Department of… Read More

May 7, 2019 @ 1:07 pm By Samantha Hurst  |  

China-based social media and payment app WeChat has reportedly updated its payment policy, which now states that those who engage in crypto trading will have their accounts terminated on the platform. According to CoinDesk, the policy was updated on April 30th and indicated that merchants… Read More

May 7, 2019 @ 11:36 am By Samantha Hurst  |  

Global cryptocurrency exchange Liquid.com announced on Tuesday the launch of its new mobile app for pro crypto traders, Liquid Pro, which is now available on both Android and iOS. According to Liquid.com, the app is free to download globally, subject to country or region availability…. Read More

May 7, 2019 @ 11:13 am By Samantha Hurst  |  

Esme Loans, the NatWest backed standalone digital lending platform for SMEs, announced last week it has hit £50 million of lending to UK businesses. The online lender reported that it has seen a continued period of strong growth, following an uplift in lending of 337%… Read More

May 7, 2019 @ 7:31 am By Samantha Hurst  |  

Cryptocurrency exchange Currency.com announced on Monday it has officially launched after its beta launch earlier this year. The platform reported that it saw more than 150,000 users apply to use cryptocurrencies to buy and trade tokenized securities. It was revealed: “The launch includes a slick… Read More

May 7, 2019 @ 7:22 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has teamed up with Orange Money to launch a new digital payment and banking service in Eastern Europe. Wirecard reported it is now offering a financial commerce solution that allows contactless payments… Read More

May 6, 2019 @ 3:54 pm By Samantha Hurst  |  

Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, announced on Monday the general availability of Hyperledger Iroha 1.0, which is the fourth active Hyperledger project to reach 1.0, following Hyperledger Fabric, Hyperledger Sawtooth and Hyperledger Indy. According to Hyperledger, Iroha is a… Read More

May 6, 2019 @ 3:44 pm By Samantha Hurst  |  

Pharma giant Pfizer has reportedly become one of the latest companies to join the MediLedger Project, which is a blockchain protocol program for supply chain management. McKesson Corporation, AmerisourceBergen Corporation, and Primer Inc. have also joined the program. The MediLedger Project is described as a… Read More

May 6, 2019 @ 2:02 pm By Samantha Hurst  |  

Digital wealth management platform MarketsFlow has successfully secured its initial £700,000 funding target through equity crowdfunding platform Crowdcube. The funding round was launched less than two years after MarketsFlow secured more than £450,000 through its previous Crowdcube round. As previously reported, MarketsFlow was launched in… Read More

May 6, 2019 @ 12:05 pm By Samantha Hurst  |  

Ideanomics (formerly known as Seven Stars Cloud Group, Inc.) (NASDAQ: SSC), a global fintech and asset digitization services company, announced on Monday it has signed a MoU with Beijing Foton Motor Company (Foton). According to Ideanomics, the agreement for China-based activities is a 2-year deal, at 5… Read More