March 11, 2020 @ 9:00 am By JD Alois  |  

The digital asset industry is growing fast according to a new report. A study compiled by Outlier Ventures and DIA indicates that new entrants have raised funding of over USD $110 million based on a “snapshot” of 42 different digital asset data vendors. The document… Read More

March 10, 2020 @ 4:52 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued an Order of Designation to Small Exchange, Inc., located in Chicago, Ill., granting it status as a designated contract market (DCM), effective today. Small Exchange is incorporated under Delaware state law. The Small Exchange seeks to make… Read More

March 10, 2020 @ 4:18 pm By JD Alois  |  

Earlier today, the European Commission posted its “SME Strategy for a sustainable and digital Europe.” The strategy is in recognition that “SMEs play a key role in Europe’s industrial fabric, providing two out of three jobs, and are central to the success of this new… Read More

March 10, 2020 @ 3:39 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a default judgment against ICOBox and founder Nikolay Evdokimov for conducting an illegal $14.6 million securities offering. In a release, the SEC said that Judge Dale S. Fischer of the United States District Court for the Central… Read More

March 10, 2020 @ 3:16 pm By JD Alois  |  

Figure Technologies, Inc., a blockchain-based lending platform, says the recent Fed rate cut has been good for business. In fact, Figure is reporting a whopping 300% increase in loan applications hurdling loans funded to over $1 billion. 30 year fixed interest rates on mortgages were… Read More

March 10, 2020 @ 11:51 am By JD Alois  |  

This week the UK Minister of State for Trade Policy Greg Hands MP is in the United States to kick-start free trade agreement negotiations. Long discussed as a possible outcome of the UK’s divorce with Europe, a bilateral trade agreement between the US and the… Read More

March 10, 2020 @ 9:55 am By JD Alois  |  

Credit Sesame, a personalized credit service and financial wellness company, is morphing into a bank. And why not? While traditional banks struggle to pay for the real estate they own, Fintechs are providing a more diverse portfolio of financial services minus the need to queue… Read More

March 10, 2020 @ 9:30 am By JD Alois  |  

Fintech Zopa is celebrating 15 years of operation. Founded in 2005, Zopa was the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK. Today, Zopa still offers online lending in a more… Read More

March 10, 2020 @ 9:08 am By JD Alois  |  

Kreditech has rebranded to Monedo. The company is a point of sale (PoS) lender. The online lender claims to have over one million customers that have received more than 2 million loans. In a release, Monedo said it was looking to “further grow its position… Read More

March 10, 2020 @ 7:56 am By JD Alois  |  

Instanda, a customer and policy management platform for the insurance industry, has raised $19.5 million in a Series A fundraising round. According to the company, the funding round was led by Assembly Capital Partners the investment will support the firm’s international expansion in the United… Read More

March 10, 2020 @ 7:44 am By JD Alois  |  

The former CBRE Senior Director and Head of Loan Advisory, Anurag Sharma, has joined LendInvest as Fund Manager. LendInvest is a profitable UK Fintech that has created a marketplace for property finance. According to LendInvest,  Anurag has worked with the company in an advisory capacity… Read More

March 10, 2020 @ 7:38 am By JD Alois  |  

Digital Bank Revolut has added “Perks” to all UK customers according to a company release. Perks is a loyalty feature offered by the bank providing cashback and discounts on various branks. These include travel related offers, food and beverage, fitness and more. Revolut customers “unlock”… Read More

March 10, 2020 @ 1:04 am By JD Alois  |  

MoneyNetint, an international payment solutions provider, has partnered with AFEX, a large foreign exchange specialists. According to a release distributed by Moneyint, the partnership will “enhance MoneyNetint’s capabilities and allow it to offer a wider range of services to its corporate clients.” MoneyNetint reports that… Read More

March 9, 2020 @ 4:38 pm By JD Alois  |  

A joint bulletin has been issued today by multiple US federal and state regulators. The bulletin encourages banks to help meet the needs of their customers during the Coronavirus crisis. The agencies issuing the bulletin include: Board of Governors of the Federal Reserve System Consumer… Read More

March 9, 2020 @ 3:57 pm By JD Alois  |  

Robinhood suffered another outage today during a historic market rout as a combination of Coronavirus hysteria and a plunging oil market raised economic fears to a new height. Traders using the Robinhood platform once again endured a multi-hour outage. Services appear to be completely restored… Read More

March 9, 2020 @ 3:26 pm By JD Alois  |  

The Milken Institute has published a deck tracking legislation in the 116th Congress that directly impacts Fintech. Jackson Mueller, Milken Institute Fintech lead and author of the report, told Crowdfund Insider, “For all the political divisiveness that we hear about on a daily basis, members… Read More

March 9, 2020 @ 3:02 pm By JD Alois  |  

Cleveland, Ohio based Blockland Solutions may call it quits on a short series of conferences that took place in 2018 and 2019. The blockchain-focused events, organized in part by Destination Cleveland, launched at the tail end of the initial coin offering induced blockchain hype cycle…. Read More

March 9, 2020 @ 11:58 am By JD Alois  |  

Innovate UK, the UK’s innovation agency, will be offering a “Women in Innovation Award” that will provide up to 10 women with £50,000 each to help them scale their business ventures. The Women in Innovation program was first launched in 2016 and since then the… Read More

March 9, 2020 @ 10:43 am By JD Alois  |  

SyndicateRoom, once a securities crowdfunding platform and now an early-stage venture fund, has announced a forthcoming “modest increase” in the Access EIS Fund fees. The new fees will kick in on March 18, 2020. If you invest prior to that date, you lock in at… Read More

March 9, 2020 @ 8:30 am By JD Alois  |  

A hyperloop project based in Poland has quickly hit its funding target on Seedrs raising over £450,000 in ten days. Hyper Poland has already received a €3.8 million grant from the Polish National Center for Research and Development in 2019. Hyper Poland says it is… Read More