August 17, 2019 @ 7:59 am By JD Alois  |  

According to a report by Fintelum, a tokenization platform for primary issuance and secondary trading, 17% of security token offerings have been successful in Europe (EU + Switzerland and the UK). Granted, it is still very early in the digital asset realm so while the… Read More

August 16, 2019 @ 10:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) filed an Administrative Proceeding earlier this week regarding an initial coin offering (ICO) affiliated with SimplyVital Health – a company that pursued an ICO in late 2017 and early 2018. The SEC claims that SimplyVital sold unregistered securities. SimplyVital… Read More

August 16, 2019 @ 9:30 am By JD Alois  |  

Bitbond, a Germany based global peer to peer lender, is visiting Bermuda this week. Bitbond recently closed on a BaFin approved security token offering raising €2.1 million for a digital bond. Investors from 87 different countries participated in the offering (minus the US and Canada)…. Read More

August 16, 2019 @ 8:55 am By JD Alois  |  

Marketplace lending company Funding Circle (LSE:FCH) is out with a release announcing the platform has now lent over $10 billion since launch in 2010. Funding Circle operates in the UK, Germany, the Netherlands and the US. The London based company is the first peer to… Read More

August 16, 2019 @ 8:22 am By JD Alois  |  

Curve, a Fintech in the banking sector that consolidates multiple cards and accounts into one smart card, is launching a “seven-figure” crowdfunding campaign in September, according to a note from the firm. Curve will be raising capital on Crowdcube as part of its Series B… Read More

August 16, 2019 @ 1:37 am By JD Alois  |  

Outlier Ventures, a venture platform that funds seed and growth stage blockchain firms, has published a report on blockchain investment. According to Outlier, since 2013 approximately 3,738 blockchain companies have raised $23.7 billion. Funding for blockchain firms in 2019 appears to be on track to… Read More

August 15, 2019 @ 6:09 pm By JD Alois  |  

Adam Carolla, a comedian/actor etc., visited the studios of CNBC earlier this month to talk about a securities crowdfunding offering which recently closed on Microventures. Carolla has bounced around the rewards space a bit raising funds on Indiegogo and the now-defunct FundAnything site. While on… Read More

August 15, 2019 @ 3:45 pm By JD Alois  |  

Singapore has emerged as an Asian hub of crypto innovation. The southeast Asian country has always been Fintech friendly as policymaker has sought to establish a jurisdiction of financial innovation. Published last month, the Inland Revenue Authority of Singapore proposed an approach to crypto that… Read More

August 15, 2019 @ 12:45 pm By JD Alois  |  

SMBX, a regulated Reg CF crowdfunding platform, has had its App approved by Apple. If you are curious, you may download it here. SMBX is a debt focused crowdfunding platform where small businesses may seek financing from a bank alternative. As most people know, small… Read More

August 15, 2019 @ 12:27 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Enforcement Division has charged Alan Heide with defrauding retail investors. Heide was the former CFO of 1 Global Capital – a merchant cash advance platform (MCA). 1 Global is now bankrupt and former principles Carl Ruderman and Henry J…. Read More

August 15, 2019 @ 11:59 am By JD Alois  |  

Privacy Coin Zcoin (XZC) claims to be the first crypto available to 5 million merchants in Thailand which are registered to the Thai QR code system. Of course, being available does not mean consumers will use the crypto. But Zcoin believes that by plugging into… Read More

August 15, 2019 @ 10:44 am By JD Alois  |  

Mintos, an online marketplace that aggregates 65 lending companies, is reporting having topped €3 billion in loans financed. The €2 billion hurdle was surpassed in April thus it appears that Mintos is experiencing increasing velocity. Mintos reports that it currently services over 170,000 investors globally…. Read More

August 15, 2019 @ 8:24 am By JD Alois  |  

DLXLaw, a boutique law firm that specializes in blockchain and smart contracts, recently helped a digital asset issuer receive a no-action letter (NAL) from the Securities and Exchange Commission (SEC). By receiving the NAL, the issuer, Pocketful of Quarters, received an implicit green light to… Read More

August 15, 2019 @ 7:23 am By JD Alois  |  

Lendingblock, a platform that enables fully collateralized crypto vs crypto lending agreements, has received a Distributed Ledger Technology (DLT) provider license from the Gibraltar Financial Services Commission (GFSC). Lendingblock received an in-principle DLT license in late 2018. By providing collateralized borrowing and lending, Lendingblock can… Read More

August 15, 2019 @ 1:04 am By JD Alois  |  

Cryptocurrency sleuth CypherTrace is out with their H1 Crypto report covering scams, rule changes, and major trends. The document claims that crooks stole $4.26 billion during the first 6 months as fraudsters continued to fleece good money from the unsuspecting. According to CypherTrace, insider thefts… Read More

August 14, 2019 @ 10:48 pm By JD Alois  |  

Global Fintech funding declined during the first half of 2019, driven by a drop in China. But while China dipped, Fintech investment jumped in other countries led by the US and the UK, according to a report from Accenture (NYSE: ACN). Yesterday, Crowdfund Insider reported… Read More

August 14, 2019 @ 7:01 pm By JD Alois  |  

Digital bank Revolut has integrated Xero, an SME accounting platform, to facilitate seamless business expense reporting. The Revolut for Business app has also been updated for team members to upload receipts and add expense information, according to a release from the company The new “Expense… Read More

August 14, 2019 @ 3:19 pm By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a China-based peer to peer lending platform providing access to capital for SMEs, has become the target of a local government attempt to shut down P2P lenders. According to a note from Fincera, the Hebei provincial government, where Fincera is based,… Read More

August 14, 2019 @ 1:06 pm By JD Alois  |  

Last week, online lender Funding Circle (LSE:FCH) released its 6-month report and the shares have responded positively to the numbers. Six-month Revenue was reported at £81.4 million versus H1 2018 at £63.0 million – up 29%. Loans under management rose 37% to £3.54 billion and… Read More

August 14, 2019 @ 12:45 pm By JD Alois  |  

The Board of the  Banking Competition Remedies Ltd (BCR) has announced the awards of the “Capability and Innovation Fund Pool C.” This Fund is designed to “facilitate the expansion of business offerings to include lending or payments services to SMEs in the UK or international… Read More