January 10, 2019 @ 11:17 am By JD Alois  |  

Peer to peer lender Bondora is reporting a new record month of loan originations to end the year. According to an email from the online lender, December loan originations topped €8 million for the first time landing at €8.5 million. This a 7% increase over their prior… Read More

January 10, 2019 @ 8:52 am By JD Alois  |  

Wirex, a UK Financial Conduct Authority (FCA) – licensed digital money platform, has partnered with Waves to offer their token. Wirex offers conversion between fiat currency and crypto. Wirex is a payment platform that offers five cryptocurrency wallets – BTC, ETH, XRP, LTC, and now WAVES,… Read More

January 10, 2019 @ 8:04 am By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), has acquired assets pertaining to “Virtual Investor Conferences” (VIC) previously owned by PR Newswire. Terms of the transaction were not made public. OTC Markets said the online investor conference tech enables a similar experience to live meetings with institutional investors, advisors,… Read More

January 9, 2019 @ 3:02 pm By JD Alois  |  

Fineqia (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is reporting a new partnership with Nivaura, according to a release by the company. The partnership will “perform a fully automated tokenized bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its test for issuing… Read More

January 9, 2019 @ 12:55 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has just published its “Advice” on “Initial Coin Offerings and Crypto-Assets.” In the past, ESMA has issued several warnings regarding crypto-assets and virtual currencies. The Advice outlines ESMA’s position on the issues that exist in the rules within ESMA’s… Read More

January 9, 2019 @ 8:58 am By JD Alois  |  

CAN Capital, an online lender providing financing to SMEs, has a new Chief Executive Officer. Announced in a release yesterday, the Atlanta based Fintech has appointed Edward J. Siciliano as CEO. According to CAN Capital, Siciliano most recently worked at Marlin Business Finance serving in various roles including; Chief Operating Officer, Interim Chief… Read More

January 9, 2019 @ 8:22 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School,  Asian Development Bank Institute and FinTechSpace have formed a partnership to launch the ASEAN Fintech Industry Survey – the first study of its kind. According to CCAF, the research will focus… Read More

January 8, 2019 @ 2:00 pm By JD Alois  |  

Fintech Predictions for 2019. Financial innovation continues to evolve at a rapid pace. Startups launch and shutdown with regularity. Traditional financial firms experiment and partner with more agile firms. It’s all about the digitization of finance where services are ubiquitous and instantaneous – all available… Read More

January 8, 2019 @ 8:03 am By JD Alois  |  

Kuflink, a peer to peer property lender for short term finance, has expanded its lending team following increasing platform activity. “Following the launch of our quick bridge product at the tail end of 2018, we’ve seen a huge spike in uptake from new brokers as… Read More

January 7, 2019 @ 11:38 pm By JD Alois  |  

Popular crypto exchange Coinbase published a blog post today reporting a double spend attack that was detected and stopped before any funds could be stolen. A double spend attack is exactly as its name. The attack takes place when cryptocurrency is spent more than once. Coinbase… Read More

January 7, 2019 @ 8:18 pm By JD Alois  |  

This past week, global consultancy firm McKinsey published a widely read report on the emerging blockchain industry, titled, Blockchain’s Occam problem. In brief, McKinsey said that blockchain is failing to live up to its perceived potential. While billions of dollars are being spent on experimentation… Read More

January 7, 2019 @ 2:09 pm By JD Alois  |  

OTC Markets Group Inc. (OTCQX: OTCM), has made a strategic move to expand its global reach by opening up an office in London. In a release, OTC Markets described the move as “part of a broader strategy to meet the needs of European issuers looking for… Read More

January 7, 2019 @ 12:13 pm By JD Alois  |  

UK based crowdfunding platform Crowdcube says it has had its best year ever when measured by multiple metrics. Additionally, Q4 was said to be the most successful quarter in the history of the platform. According to Crowdcube, revenue during 2018 jumped 50% to £6 million… Read More

January 7, 2019 @ 11:53 am By JD Alois  |  

OurCrowd, the largest investment crowdfunding platform in the world and Israel’s most active venture investor, says it will showcase several portfolio companies at this year’s Consumer Electronics Show (CES.) OurCrowd, while based in Israel, has taken a very global approach in providing access to capital… Read More

January 7, 2019 @ 10:57 am By JD Alois  |  

The state of Ohio approved crowdfunding legislation last month but then it died in the Senate, according to several sources. During an end of the year legislative blitz, the state of Ohio passed a law entitled “OhioInvests offerings” (SB 268) but at the last minute… Read More

January 7, 2019 @ 9:20 am By JD Alois  |  

Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

January 7, 2019 @ 7:30 am By JD Alois  |  

Seedrs, a leading UK based investment crowdfunding platform, has provided some additional detail into their performance during 2018. Last week, CI reported that Seedrs has now topped £500 million in investment since platform launch. Money raised has backed 720 deals listed on Seedrs. For 2018,… Read More

January 6, 2019 @ 9:13 pm By JD Alois  |  

Prospa, an online lender providing financing to SMEs, says that as of January 1st they will be operating in compliance with the Code of Lending Practice. The Code was created by a group of online lenders seeking to establish best practices for the sector of… Read More

January 6, 2019 @ 5:55 pm By JD Alois  |  

Late last week, New York Governor Andrew Cuomo nominated Linda Lacewell to become Superintendent of the New York State Department of Financial Services. Lacewell will replace Maria T. Vullo who announced on December 19th her intent to depart the agency after three years. Vullo will… Read More

January 6, 2019 @ 5:00 pm By JD Alois  |  

Reg CF (or Regulation Crowdfunding as it is inconveniently called) is a securities exemption that enables companies to raise up to $1.07 million online via a regulated funding portal or broker-dealer. The concept of a funding portal was created alongside the exemption which was part… Read More