March 27, 2020 @ 12:20 pm By JD Alois  |  

Mt Pelerin, in partnership with ID Quantique (IDQ), has started testing its digital asset custody solution in Switzerland, according to a release The “Quantum Vault” is described as being an ultra-secure digital asset custody solution. In October 2019, IDQ and Mt Pelerin received funding from… Read More

March 27, 2020 @ 10:31 am By JD Alois  |  

Tink has acquired Eurobits Technologies, a provider of account aggregation services working with various banks and Fintechs. Current clients are said to include BBVA, Santander, La Banque Postale, and others. The purchase of Eurobits is expected to strengthen Tink’s bank connectivity coverage and buttress its… Read More

March 27, 2020 @ 10:07 am By JD Alois  |  

IOHK has announced a “reboot” of Cardano blockchain, according to a release. IOHK was founded by Charles Hoskinson, well-known in the blockchain world as a founder of Ethereum among other things. IOHK describes the update as a transition from the “Byron-era codebase” to the “Shelley… Read More

March 26, 2020 @ 3:02 pm By JD Alois  |  

GroundFloor, a real estate investment platform, has added a new investment product that may appeal to individuals interested in shorter-term investments. The new product called GroundFloor Notes, is said to be similar to publicly issued, non-traded secured debt. The security includes a guaranteed rate of… Read More

March 26, 2020 @ 12:47 pm By JD Alois  |  

Billon Group has now raised over $16 million with a recent Series A funding round of $6 million. This newest capital investment was led by Billon CEO Wojtek Kostrzewa with participation from FIS, Rising Tide, Mencey Capital, VCF III, existing investors and more. Billon is… Read More

March 26, 2020 @ 11:15 am By JD Alois  |  

Sourced Capital, a platform that facilitates property investment, is out with a note demanding that the UK government extend next month’s ISA deadline. Currently, the deadline is set for the 5th of April. Sourced Capital would like to see it moved to the 1st of… Read More

March 26, 2020 @ 10:13 am By JD Alois  |  

Linked Finance, an Ireland-based peer to peer lender, has announced a new product for businesses impacted by the COVID-19 crisis. The online lender is now offering a “Deferred Start Loan” that includes no payments for the first three months of the security. The 15-month loan… Read More

March 26, 2020 @ 9:21 am By JD Alois  |  

Late last week, the UK’s largest investment crowdfunding platform Crowdcube posted an update based on the impact of COVID-19. Crowdcube said it anticipated that raising capital will now take longer than usual: “… we suggest allowing for longer lead times when considering your next funding… Read More

March 26, 2020 @ 8:15 am By JD Alois  |  

Digital bank Revolut has partnered with the Trussell Trust food bank in the UK to enable Revolut users to donate in-App to individuals in need. Revolut made the decision to implement a direct donation feature in light of the ongoing COVID-19 pandemic. The company says… Read More

March 25, 2020 @ 7:00 pm By JD Alois  |  

On March 4th the Securities and Exchange Commission (SEC) published a proposal to amend multiple securities exemptions. If enacted, the proposed amendments would be the largest changes to securities law since the passage of the JOBS Act, and will strengthen the small business and startup… Read More

March 25, 2020 @ 5:40 pm By JD Alois  |  

Earlier today, the Australian Stock Exchange (ASX) announced that its planned replacement for CHESS – the backbone system of the stock exchange has been impacted by the COVID-19 pandemic. The exchange said the implementation timetable has been altered due to the uncertainty created by the unfolding… Read More

March 25, 2020 @ 2:43 pm By JD Alois  |  

Bling Financial, a Bitcoin rewards platform, has partnered with PlayDay Studios, a developer of mobile apps and games.  In a world of social distancing, Bling said it is anticipating an increasing interest from game developers looking to attract more users. Bling has created mobile games… Read More

March 25, 2020 @ 2:20 pm By JD Alois  |  

A digital asset platform that tokenizes various investment offerings is crowdfunding on Seedrs. Smartlands, the first platform to tokenize a real estate offering in the UK, is looking to raise £400,003 at a pre-money valuation of £15.4 million representing a 2.53% stake in the firm…. Read More

March 25, 2020 @ 12:40 pm By JD Alois  |  

Yesterday, in an Opinion and Order from Judge P. Kevin Castel, it was decided that Telegram has failed to establish an exemption from the registration requirement under existing securities law. Telegram is an app that is a highly popular messaging service utilized by more than… Read More

March 25, 2020 @ 11:48 am By JD Alois  |  

Fundopolis is the most recent crowdfunding platform to provide specific initiatives for issuers during the challenges engendered by the COVID-19 pandemic. As has been widely reported, millions of small businesses are seeing revenues drop as people comply with COVID-19 quarantines and social distancing practices. Fundopolis… Read More

March 25, 2020 @ 10:31 am By JD Alois  |  

Fintech Chip has received approval from the Financial Conduct Authority (FCA) as an authorized payment institution. In a release, Chip described the designation as a major milestone with the next step being the introduction of FSCS protected savings accounts. Chip is an app that automatically… Read More

March 25, 2020 @ 8:43 am By JD Alois  |  

Billingo, a billing platform operating in Hungary, has partnered with Salt Edge a firm developing Open Banking solutions. The combination of the two services have created the first online biller in the country to offer a range of opportunities fuelled by bank data aggregation, according… Read More

March 25, 2020 @ 8:17 am By JD Alois  |  

Seedrs, a top European securities crowdfunding platform, has issued a statement on new initiatives to aid portfolio companies and investors. Authored by co-founder and Chairman Jeff Lynn, Seedrs says it is keenly aware of the significant challenges caused by the Coronavirus pandemic: “We have a … Read More

March 24, 2020 @ 7:26 pm By JD Alois  |  

Hong Kong initiated a process in 2019 to facilitate digital-only banks. The move was indicative of the realization that digital banking, or virtual banks, is the future of banking and not the brick and mortar types. ZA Bank, an offshoot of ZhongAn Technologies International Group,… Read More

March 24, 2020 @ 7:01 pm By JD Alois  |  

CrowdStreet is one of a group of real estate crowdfunding platforms that got in early and appears to have established a sustainable model. Founded to democratize investment opportunity in commercial real estate, CrowdStreet provides direct access to a range of vetted, institutional-quality commercial real estate… Read More