December 14, 2018 @ 7:37 am By JD Alois  |  

London based Fintech TransferGo has closed on a Series B funding round in the amount of $17.5 million according to the company. The funding was led by Vostok Emerging Finance and Hard Yaka from Silicon Valley. Revo Capital, U-Start Club and Practica Capital also participated… Read More

December 13, 2018 @ 10:42 pm By JD Alois  |  

Crypto exchange IronX has added two more names to its board of advisors. The former CEO of Sirin Labs Tal Cohen and Dr. Paolo Tasca have signed up to help the firm. Sirin Labs raised a reported $158 million in an initial coin offering. The company… Read More

December 13, 2018 @ 6:37 pm By JD Alois  |  

During the 37th annual Government-Business Forum on Small Business Capital Formation, Securities and Exchange Commission (SEC) Chair Jay Clayton opened the event with a couple of interesting statements. Clayton commented on the byzantine ecosystem that has emerged, over many decades of legislation and rulemaking, for issuers… Read More

December 13, 2018 @ 4:51 pm By JD Alois  |  

TokenSoft, a digital asset issuance and management platform, has invested in a broker-dealer – now renamed TokenSoft Global Markets. According to a note from the platform, TokenSoft expects to acquire 100% of TokenSoft Global Markets, subject to regulatory approval. The company said it will expand the… Read More

December 13, 2018 @ 11:35 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled with the executive management involved with the AriseBank initial coin offering (ICO). The allegedly fraudulent ICO came to a screeching halt with the SEC obtained a court order halting the AriseBank ICO that targeted retail investors to invest in the… Read More

December 13, 2018 @ 10:23 am By JD Alois  |  

The CEO of crypto exchange Panxora (formerly operating as First Global) says he is “unhappy” with the US regulatory model. The comments come following the Commodity Futures Trading Commission’s (CFTC) request for information on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin Gavin Smith says he is… Read More

December 13, 2018 @ 8:00 am By JD Alois  |  

Paxos, and its stablecoin Paxos Standard token (PAX), has topped $5 billion in transactions in just three months, according to a note from the company. PAX says that to date it has been used in $5,245,958,124.65 worth of transaction volume, including exchange trading volume and… Read More

December 13, 2018 @ 7:55 am By JD Alois  |  

Temenos (SIX: TEMN), is reporting a new agreement to provide their tech services to Banque de l’Habitat (BH), a public bank based in Tunisia. Temenos will deliver their T24 Core Banking, Payments, Channels, Analytics, Financial Crime Mitigation, and Enterprise Risk Management to the bank. Temenos adds… Read More

December 13, 2018 @ 6:57 am By JD Alois  |  

Digital only bank Revolut has received a European banking license. The London based Fintech says it is now positioned to become “the Amazon of Banking.” Revolut applied for the banking license via the Lithuanian central bank just over a year ago in November 2017. It… Read More

December 12, 2018 @ 7:46 pm By JD Alois  |  

Two crowdfunded companies, Legion M and Chicken Soup for the Soul Entertainment (NASDAQ: CSSE) have formed a strategic partnership to jointly develop original content while giving fans the chance to potentially invest and receive equity in the projects. Legion M, a fan-owned entertainment firm, is… Read More

December 12, 2018 @ 11:06 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has posted a note on an industry milestone. According to the P2PFA, member platforms have now surpassed £10 billion in total lending during the most recent quarter. The P2PFA states that over £900 million was originated on… Read More

December 12, 2018 @ 8:07 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has just published their second annual report on cryptocurrencies and the digital asset ecosystem. The Global CryptoAsset Benchmarking study is a must read for any industry participant and policymakers engaged in the regulatory oversight of cryptoassets as the… Read More

December 12, 2018 @ 7:13 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a consultation paper, alongside a discussion paper, on patient capital. The consultation is in response to a policy push by HM Treasury to increase investment into long-term assets including venture capital plus private equity, real estate and more…. Read More

December 11, 2018 @ 4:48 pm By JD Alois  |  

Prominent investment crowdfunding platform SyndicateRoom has published an interesting report outlining the fastest growing businesses in the UK. According to “Top 100: Britain’s Fastest Growing Businesses,” the UK is a noted hub of tech innovation. In fact the report states, in 2017 the number of… Read More

December 11, 2018 @ 3:31 pm By JD Alois  |  

According to a note from Small Business California (SB Cal), the group that advocates on behalf of SMEs, SB Cal will be sponsoring legislation to improve access to capital via securities crowdfunding. This is not the first time that California has attempted to craft crowdfunding legislation… Read More

December 11, 2018 @ 2:15 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has launched a public consultation today seeking feedback on “crypto-asset mechanics” including Ethereum (Ether) and Bitcoin. The CFTC said the consultation will better inform the Commission’s understanding of the markets for virtual currencies. In a Request for Information (RFI) the CFTC… Read More

December 11, 2018 @ 11:15 am By JD Alois  |  

Calling their EQRE digital asset “a securities token that even Wall Street could love,” QuantmRE is planning to do a security token offering tied to fractionalized interest in real estate. In partnership with Prime Trust, QuantmRE will issue a security token representing interests in owner-occupied, residential real estate… Read More

December 11, 2018 @ 8:27 am By JD Alois  |  

Sweden based FundedByMe has expanded into the Netherlands. The company is opening a new office and has hired Mikael Royson to manage the operations. FundedByMe says the expansion is part of a broader strategy of boosting its position in the European marketplace. Kristin Svärd, Head… Read More

December 10, 2018 @ 9:49 pm By JD Alois  |  

Fragments has rebranded itself as Ampleforth as it introduces a noncollateralized stablecoin called Amples. Amples proposes a “framework for creating an Ideal Money that is inflation-proof, sovereign free and capable of storing both near and long-term value.” Predecessor Fragments used a smart contract called the reserve… Read More

December 10, 2018 @ 9:38 pm By JD Alois  |  

Seed stage investment company Accion Venture Lab says it has successfully exited from its investment in Fintech Aye Finance. Aye is a lender providing access to credit for Indian SMEs and micro firms. Headquartered in Gurgaon, India the company has 104 branches and claims an innovative… Read More