December 18, 2018 @ 8:38 am By JD Alois  |  

LoanStreet, a Fintech “loan participation platform,” has signed up Massachusetts-based Workers Credit Union to its growing network. LoanStreet provides tech that drives cost savings to credit unions by automating manual processes while providing access to its nationwide network of loan buyers and sellers. LoanStreet’s platform helps… Read More

December 18, 2018 @ 8:22 am By JD Alois  |  

FundedByMe has been granted regulatory approval from the Dubai Financial Services Authority (DFSA) to offer investment crowdfunding in Dubai. An in-principle license has been granted conditional to completing the setup of the local entity. Operations will commence early in 2019. FundedByMe states that it will become… Read More

December 17, 2018 @ 11:11 pm By JD Alois  |  

A report delivered to the French National Assembly advocated transforming France into the “Blockchain Nation.” According to MP Jean Michel Mis, the goal is to pursue three objectives (translated): to make pedagogical work, by presenting the state of the art and its possible uses; to… Read More

December 17, 2018 @ 10:03 pm By JD Alois  |  

Consob (Commissione Nazionale per le Società e la Borsa) the Italian agency that regulates the securities industry, has put a halt to two crypto-based offerings, according to postings on their site. Both companies have received a 90 day suspension on a “precautionary basis” and are banned… Read More

December 17, 2018 @ 4:39 pm By JD Alois  |  

As CI reported earlier today, the Swiss Federal Council published a report last week that advocated on behalf of greater integration of blockchain, or distributed ledger technology (DLT), into their financial services industry. The Federal Council is made up of seven members, each of which… Read More

December 17, 2018 @ 3:03 pm By JD Alois  |  

Robo.cash, a peer to peer lending company with a portfolio of platforms, says it has been joined by its first lending company in Southeast Asia Robocash Finance Corp. Investors may now fund Philippine short-term consumer loans in EUR with an annual return of up to… Read More

December 17, 2018 @ 2:50 pm By JD Alois  |  

Electric car concept Uniti is promoting their “Brexit proof” approach and green cred as the company’s most recent crowdfunding campaign continues on Crowdcube. Uniti recently touted its “bold strategic next step in sustainable electric vehicle production. The company is also expected to pursue “Mobility-As-A-Service” in… Read More

December 17, 2018 @ 12:44 pm By JD Alois  |  

Last week, the Swiss Federal Council announced a report on the legal framework for Blockchain and Distributed Ledger Technology (DLT) for the financial services industry. According to the Council, the Swiss legal framework “is well suited to deal with new technologies including blockchain.” Even while noting… Read More

December 17, 2018 @ 10:54 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) Chair Jay Clayton addressed the Senate Banking Committee. His testimony was a routine trip to Capitol Hill when Chair Clayton is expected to update Congress on their regulatory initiatives and any challenges. Topics included the declining IPO… Read More

December 17, 2018 @ 9:14 am By JD Alois  |  

Overstock (NASDAQ: OSTK) subsidiary tZERO has been asked by Hong Kong-based private equity firm GSR Capital to develop a smart contract commodity token for the sale of cobalt. GSR Capital is a significant investor in tZero having committed to invest up to $270 million at a… Read More

December 17, 2018 @ 8:07 am By JD Alois  |  

UK based Fintech Shieldpay has formed a partnership with Visa (NYSE: V) to provide card payments across peer to peer marketplaces and classified ad sites. Shieldpay said the partnership will open up the use of debit and credit cards to the £120 billion classified industry. Shieldpay reported… Read More

December 17, 2018 @ 7:26 am By JD Alois  |  

Investment crowdfunding platform Downing Crowd has listed its first security that is debt with an equity kicker for investors. The bond includes a 7.5% annual coupon and a term of up to 5 years and 9 months. According to Downing Crowd, the fixed return on the… Read More

December 17, 2018 @ 6:57 am By JD Alois  |  

The European Crowdfunding Network (ECN) has just published an Open Letter directed towards EU member states and the ongoing debate regarding pan-European crowdfunding rules. Proposed rules would impact, and perhaps improve, the marketplace for both debt and equity crowdfunding. The ECN believes the European Crowdfunding… Read More

December 16, 2018 @ 1:31 pm By JD Alois  |  

Nordic healthtech company Naava is looking to raise up to €2.5 million on Finland based Invesdor crowdfunding platform. The company recently said this funding is in advance of a planned initial public offering (IPO) that management intends on pursuing around 2020 or 2021. This is not… Read More

December 16, 2018 @ 9:36 am By JD Alois  |  

The concept of “Patient Capital” has been in discussion for quite some time in the United Kingdom. The premise is based on the theory that investors may be willing to forgo near-term returns for the possibility that substantial gains may be generated at a much… Read More

December 15, 2018 @ 8:40 am By JD Alois  |  

CI reported earlier this week that Robinhood, a Fintech that provides trading in both traditional and crypto assets and more, had announced new checking and savings accounts that would pay holders 3% interest. Even better, Robinhood stated that these accounts would be insured by the Securities… Read More

December 14, 2018 @ 4:30 pm By JD Alois  |  

Yesterday, CI reported that Fintech Robinhood had partnered with another firm to provide checking and savings accounts with a 3% annual interest. That, in itself, is pretty amazing as traditional banks are in the habit of not paying any interest at all in real terms… Read More

December 14, 2018 @ 1:19 pm By JD Alois  |  

In a press release posted this week, Dooga Ltd., doing business as Cubits, announced it was seeking bankruptcy protection as the firm entered administration. The company said more information was available on their website which simply generated a 500 error. According to the company, Dooga… Read More

December 14, 2018 @ 12:56 pm By JD Alois  |  

Security token offering platform Neufund is in the midst of its inaugural security offering with the “equity token offering” (ETO) of its parent company Fifth Force Gmbh. CI reported earlier this week that the ETO had easily topped its soft target and now stands at… Read More

December 14, 2018 @ 8:59 am By JD Alois  |  

Fintech Raisin has distributed an update on platform progress since the company launched five years ago. The creation of CEO Dr. Tamaz Georgadze, the Berlin-based firm has now helped their customers earn over €80 million in interest during a historically low-interest rate environment. PayPal, Index Ventures, Ribbit Capital… Read More