November 26, 2018 @ 2:00 pm By JD Alois  |  

Wealth Migrate, a real estate crowdfunding platform, has announced it’s intent to move from its South African roots to set up shop in the Capitol of Fintech – London, once all regulatory hurdles are cleared. In a release, Wealth Migrate expressed its opinion that the… Read More

November 26, 2018 @ 1:45 pm By JD Alois  |  

RealCrowd, a real estate crowdfunding platform for accredited investors, has launched a new marketplace to provide access to newly formed Opportunity Zone fund investments. According to RealCrowd, the new offering will focus solely on investments offered by third-party real estate sponsors that intend to be… Read More

November 26, 2018 @ 11:57 am By JD Alois  |  

Securitize has announced a $12.75 million funding round led by Blockchain Capital. Additional investors include Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple. Brad Stephens from Blockchain Capital will be joining Securitize’s Board of Directors. Securitize said that Tokyo-based VC firm Global Brain will assist Securitize with business development… Read More

November 26, 2018 @ 10:46 am By JD Alois  |  

On November 16th, the Securities and Exchange Commission (SEC) announced its first enforcement actions against initial coin offerings (ICOs) that did not file for an appropriate securities exemption following the SEC’s DAO report. The SEC settled claims with both Paragon and AirFox with each ICO issuer… Read More

November 26, 2018 @ 9:38 am By JD Alois  |  

Omniex, an institutional investment and trading platform for digital assets has extended its integration with industry custody providers to include Kingdom Trust. Kingdom Trust currently has $12 billion in assets under custody. It was the first regulated financial institution to offer qualified custody for digital… Read More

November 26, 2018 @ 9:20 am By JD Alois  |  

Securities lending platform for digital assets Lendingblock has issued a statement indicating that the Gibraltar Financial Services Commission (GFSC) has made an in-principle decision to grant the firm authorization as a Distributed Ledger Technology (DLT) provider. Lendingblock adds that it continues to work closely with the GFSC… Read More

November 26, 2018 @ 8:18 am By JD Alois  |  

Artificial intelligence (AI) chatbot “Charlie,” has raised a $9 million Series A Round led by Propel Venture Partners. Charlie is described as an AI assistant for people who “don’t speak finance.” Charlie is designed to help people save more, cut bills, take control of debt,… Read More

November 26, 2018 @ 7:19 am By JD Alois  |  

The UK Competition and Markets Authority (CMA) has issued a statement on the PayPal acquisition of iZettle – an event that was announced in early 2018 and closed in September. PayPal purchased Sweden based iZettle for $2.2 billion as the company seeks to gain access… Read More

November 25, 2018 @ 7:11 pm By JD Alois  |  

Following the recent Fintech Festival in Singapore, the Monetary Authority of Singapore (MAS) has completed a new regulatory framework for payment services in Singapore. The Payment Services Bill is said to provide a “more conducive environment for innovation in payment services, whilst ensuring that risks across the payments… Read More

November 25, 2018 @ 6:18 pm By JD Alois  |  

Alexander Vinnik, the alleged former BTC-e crypto exchange operator, is going to stop eating according to a report in RIA Novosti. Vinnik was arrested in Greece while on vacation in 2017 at the behest of the US Justice Department.  Vinnick has allegedly committed money laundering… Read More

November 25, 2018 @ 7:52 am By JD Alois  |  

Speaking last week at the Regulation of Cryptocurrencies event in London, Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), outlined his agencies view of crypto assets and provided insight into possible regulation. Woolard defined digital assets or cryptocurrencies as falling under… Read More

November 24, 2018 @ 10:03 am By JD Alois  |  

Uniti, perhaps the most interesting electric car company raising money via crowdfunding, has opened their offering on Crowdcube for early registrants. According to the offering page, Uniti is looking for £1 million at a pre-money valuation of £97 million. The page indicates that 169 investors… Read More

November 23, 2018 @ 11:14 am By JD Alois  |  

Platform for tokenized venture capital assets, VNX Exchange, has partnered with the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT). The partnership is said to create a new standard of security for the digital assets ecosystem. VNX Exchange says that custody has… Read More

November 23, 2018 @ 9:48 am By JD Alois  |  

Peer to peer lender creditshelf has reported results for the first nine months of 2018. As of the reporting date, the company recorded requests amounting to € 750.6 million, more than twice as much as in the first nine months of 2017. creditshelf said it was able… Read More

November 23, 2018 @ 8:51 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published its annual report on the UK alternative finance for 2017. This is the 5th UK benchmarking report CCAF has published. According to the research, overall the sector of finance grew 35% versus the year prior to… Read More

November 22, 2018 @ 11:25 am By JD Alois  |  

InstaReM, a Southeast Asian payments company, has closed on the first $20 million of a $45 million series, according to a report from the company. InstaReM claims to be funding one of the largest Series C rounds for a Fintech in Southeast Asian history. The… Read More

November 22, 2018 @ 8:35 am By JD Alois  |  

The Gibraltar Financial Services Commission (GFSC) has approved a full license to the Gibraltar Blockchain Exchange (GBX) under Gibraltar’s Financial Services Regulations 2018 DLT [distributed ledger technology] framework. GBX is a subsidiary of the Gibraltar Stock Exchange Group (GSX Group). GSX now claims to be the first… Read More

November 22, 2018 @ 8:01 am By JD Alois  |  

Yoyo Wallet has partnered with easyCoffee to provide mobile payments and loyalty app for the company. easyCoffee is in expansion mode planning to open up 200+ locations across the UK over the next three years. easyCoffee is a coffee chain founded by entrepreneur Nathan Lowry… Read More

November 20, 2018 @ 9:00 am By JD Alois  |  

Announced less than a year ago, LendingClub’s (NYSE:LC) new Club Certificates have topped the $1 billion mark, according to a release by the marketplace lending platform. The Club Certificates is an entirely new pass through security designed to make it easier for institutional investors to participate… Read More

November 20, 2018 @ 8:56 am By JD Alois  |  

CYBG has committed to fund up to £400 million of personal loans, subject to certain conditions, on Salary Finance. CYBG is a consortium of financial firms including Clydesdale Bank, Yorkshire Bank and Virgin Money. Salary Finance is a platform that connects to the payroll of employers… Read More