August 17, 2018 @ 9:44 am By Samantha Hurst  |  

CreditEase FinTech Investment Fund (CEFIF), the U.S.-based Fintech Fund of the Chinese fintech CreditEase, reportedly co-lead in the recent seed funding round of fintech gamification app Blast. Launched earlier this year, Blast, which was  Acorns founder and Chairman, Walter Cruttenden, was designed to help gamers save… Read More

August 17, 2018 @ 8:57 am By Samantha Hurst  |  

Biz2Credit recently announced the results of its latest small business lending index, which revealed that small business loan approval rates for big banks reached another high point in July 2018. The index notably examines more than 1,000 credit applications made by small businesses through Biz2Credit’s online lending platform. According… Read More

August 16, 2018 @ 10:12 pm By Samantha Hurst  |  

VITL, a UK-based personalized nutrition platform, is set to close its equity crowdfunding campaign on Crowdcube with nearly £950,000 from more than 350 investors. The funding round was launched last month, originally seeking £400,000. Founded in 2015, VITL was created to deliver personalized vitamin packs tailored… Read More

August 16, 2018 @ 2:00 pm By Samantha Hurst  |  

Digital challenger bank Starling Bank announced on Thursday the launch of its first personal products. This news comes just after Starling Bank launched its Banking-as-a-Platform APIs to allow businesses to offer their own unique retail banking payments services, including card issuing as an API. According… Read More

August 16, 2018 @ 12:00 pm By Samantha Hurst  |  

Deposit Solutions, a Germany-based opening banking and international platform for savings deposits, announced on Wednesday it secured $100 million through its latest investment round, which was led by Vitruvian Partners with participation from Kinnevik and existing shareholders including Deposit Solutions‘ first institutional shareholder e.ventures. The funds reportedly bring… Read More

August 16, 2018 @ 10:13 am By Samantha Hurst  |  

Crypto marketplace Coinbase announced on Wednesday Ethereum network browser Toshi is becoming Coinbase Wallet. Toshi was notably developed by the Coinbase team just a little over a  year ago and when it launched, Toshi featured what Coinbase claims to be the world’s first mobile decentralized application (dapp) browser…. Read More

August 16, 2018 @ 9:35 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform CRYPTO.com announced on Thursday three key hires to its leadership team. The digital currency portal reported that Adrienne Wong was appointed as Senior Vice President of Head of Product, Cerulean Hu was named Lead Blockchain Engineer, and Ivan Stefanovas was appointed Senior Vice… Read More

August 16, 2018 @ 9:17 am By Samantha Hurst  |  

Wyre, a U.S.-based money transfer service, announced this week it has entered into an account transfer agreement for the sale of its retail money transfer business to money transfer firm, WorldFirst. This news comes just after Wyre announced its API was being extended to dapps… Read More

August 16, 2018 @ 8:27 am By Samantha Hurst  |  

On Thursday, regtech company iComply Investor Services announced it is launching its public beta following the closure of a seven-figure seed round that was covered by Coindesk earlier this week. The company reported that its software combines KYC, AML, blockchain forensics, source of funds reporting, secondary trade… Read More

August 15, 2018 @ 3:59 pm By Samantha Hurst  |  

Tuk Tuk Chai, a UK-based ready to drink beverage startup, quickly surpassed its initial £150,000 funding target within 24 hours through its equity crowdfunding campaign on Crowdcube. Founded in 2015, Tuk Tuk states that its beverages described as an infusion of black tea, whole spices and milk… Read More

August 15, 2018 @ 3:25 pm By Samantha Hurst  |  

Payment process platform Square announced this week it has updated its Square Reader for contactless and chip and Square Register will now process chip cards in just two seconds (previously 3.6 seconds) without the requirement of a signature. While sharing more details about the update, Jesse Dorogusker, Head of Hardware… Read More

August 15, 2018 @ 2:23 pm By Samantha Hurst  |  

Online lender Prosper announced earlier this week the release of its 2018 second quarter results. According to Prosper, year-over-year loan originations increased 12% to $867 million, Net Loss decreased 70% to ($12.6) million and Adjusted EBITDA has also increased 31% to $8.8 million. Highlights of the… Read More

August 15, 2018 @ 1:28 pm By Samantha Hurst  |  

Blockchain technology firm Fineqia International Inc. (CSE: FNQ) (OTCPink: FNQQF) (Frankfurt: FNQA) announced on Wednesday the launch of its new blockchain and cryptocurrency investment subsidiary company in Malta. Fineqia reported that it established in Malta in order to hold its growing portfolio of blockchain, fintech, and cryptocurrency… Read More

August 15, 2018 @ 12:52 pm By Samantha Hurst  |  

Singapore-based blockchain asset financial service provider and crypto exchange Huobi announced on Wednesday it has entered into a strategic partnership and invested in U.S.-compliant security token trading platform, OpenFinance Network. According to Huobi, the new partnership will introduce both platforms to new markets and allow collaboration… Read More

August 15, 2018 @ 11:02 am By Samantha Hurst  |  

Just a little over a month after securing $2.5 million in seed funding for its blockchain product, TransitNet, CapLinked, a secure information sharing company founded by PayPal’s first U.S. head of marketing Eric M. Jackson, announced the members of the advisory board for TransitNet. As… Read More

August 15, 2018 @ 9:51 am By Samantha Hurst  |  

U.S. fintech OpenFin announced on Wednesday it has appointed Deutsche Bank’s Head of Market Data, Risk, and Compliance, Stephen Wood, as its newly created Global Head of Enterprise. OpenFin reports that Wood brings to its team more than 20 years of financial services industry experience, along… Read More

August 15, 2018 @ 8:37 am By Samantha Hurst  |  

Singapore-based cryptocurrency services platform Ethos announced it now integrating with Simplex, a global instant fiat purchase service enabling bitcoin and altcoin purchases with credit and debit cards. The integration will be through the Ethos Universal Wallet, which provides a secure, self-custodied mobile wallet that puts… Read More

August 14, 2018 @ 4:37 pm By Samantha Hurst  |  

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

August 14, 2018 @ 3:07 pm By Samantha Hurst  |  

On Tuesday, UK-based challenger bank Monzo announced the launch of its new product, joint accounts. This news comes just a little over a week after the fintech revealed new accounts specifically for 16-17-year-olds. Monzo reported that for the past month its joint accounts have been available… Read More

August 14, 2018 @ 2:17 pm By Samantha Hurst  |  

Short-term peer-to-peer lending platform Welendus has returned to equity crowdfunding platform Seedrs to raise £850,000 in funding. The lender’s latest initiative comes less than one year after it secured £208,898 through the funding portal.   As previously reported, Welendus was founded in 2015 and aims to re-define the short-term lending market by… Read More