November 1, 2018 @ 7:41 am By JD Alois  |  

The Luxembourg House of Fintech (LHoFT) is launching a new initiative which focuses on Fintech companies in Africa seeking to boost financial inclusion. “Catapult – Inclusion Africa” is described as a Fintech tool to provide access to financial services to the under banked or those… Read More

November 1, 2018 @ 7:23 am By JD Alois  |  

Mercury.Cash, a wallet and emerging crypto exchange, has selected KoreConX’s services for their security token offering (STO), according to a release from KoreConX. Mercury.Cash a fully licensed crypto and remittance exchange authorized to do money transmission by Office of Financial Regulation with Money Transmitter License… Read More

October 31, 2018 @ 11:26 pm By JD Alois  |  

An actively managed cryptocurrency solution has been launched by deVere Group. The company has founded the deVere Digital Asset Funds, a suite of digital currency solutions for experienced investors, in association with Dalma Capital Management Limited, a hedge fund manager in the Dubai International Financial Centre…. Read More

October 31, 2018 @ 11:05 am By JD Alois  |  

Warren Buffet’s Berkshire Hathaway has moved into Fintech. Long a lover of more boring investments like insurance and rusty metal businesses, Berkshire has recently invested in two different Fintech firms. First, Berkshire backed Brazil based payments tech firm StoneCo. with a mere $300 million. StoneCo…. Read More

October 31, 2018 @ 9:45 am By JD Alois  |  

The one crypto to rule them all, Bitcoin, is celebrating a birthday. The creation of Satoshi Nakamoto (whomever he or she really is), Bitcoin has become an iconic concept in global Fintech and the emerging world of digital assets. Starting as a novelty in 2008,… Read More

October 31, 2018 @ 9:00 am By JD Alois  |  

Online lender Upgrade, Inc., has closed on its inaugural securitization of personal loans. According to the Fintech, Upgrade Receivables Trust 2018-1 (UPGR 2018-1) issued approximately $282 million in notes to nearly 20 banks and asset managers. Credit Suisse and Jefferies acted as joint lead underwriters, and… Read More

October 31, 2018 @ 8:02 am By JD Alois  |  

Modulus, a US based firm that provides financial services software / hardware, and Quantex, a regulatory compliant digital asset exchange, have jointly announced a partnership to bring blockchain enabled financial services products to institutional customers. As part of the joint venture, the companies will launch… Read More

October 31, 2018 @ 7:43 am By JD Alois  |  

Online lender iwoca is reporting that it has successfully released Open Banking for all new customers with a Lloyds Bank account. iwoca says it is the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative,… Read More

October 30, 2018 @ 11:10 pm By JD Alois  |  

Speedy blockchain #MetaHash is hooking up with fast car maker Lamborghini via the Automoviles Lamborghini Latinoamerica, in a match made in crypto heaven. According to #MetaHash, Lamborghini has selected the Switzerland-based blockchain company for a number of projects including a self-branded token on the #MetaHash… Read More

October 30, 2018 @ 9:37 pm By JD Alois  |  

Ledger, a leading company providing crypto security solutions, is expanding its global presence to Hong Kong. The move is designed to boost its presence in APAC countries and “meet increasing demand” for Ledger Vault crypto self-custody solution and Ledger’s trademark hardware wallet the Ledger Nano… Read More

October 30, 2018 @ 4:26 pm By JD Alois  |  

Ping An announced Q3 earnings this week for the quarter ending on September 30th. The company reported an operating profit of the parent company of RMB 85,637 million (USD $12.3 Billion), up 19.5% year on year. Net profit attributable to shareholders of the parent company rose… Read More

October 30, 2018 @ 12:16 pm By JD Alois  |  

Revealed last week during the Crypto Invest Summit, Coinbase now sports a huge $8 billion in valuation following a $300 million Series E funding round. Today, Coinbase COO Asiff Hirji provided a personalized update on the funding in a blog post. Hirji stated: “Today, we’re pleased… Read More

October 30, 2018 @ 11:05 am By JD Alois  |  

Law firm Perkins Coie has added former Securities and Exchange Commission (SEC) Branch Chief Valerie Dahiya to the firms DC office. Dahiya is joining Perkins Coie’s corporate practice as a partner. Importantly, Dahiya will join the firms Blockchain Technology & Digital Currency industry group and the… Read More

October 30, 2018 @ 9:12 am By JD Alois  |  

As one would expect, yesterday’s Autumn Budget announcement delivered something for everyone. With Brexit getting closer, the UK Government is in “all-hands” mode seeking to boost the economy in preparation for the European divorce. Chancellor of the Exchequer Philip Hammond stated: “We are at a… Read More

October 30, 2018 @ 8:00 am By JD Alois  |  

WeTrust Spring, a donation platform that allows social entrepreneurs and nonprofits to raise funds via crypto, has announced that it will match 100% of every individual’s ETH donations, up to $100,000 through Giving Tuesday, November 27th. WeTrust co-founder and CEO George Li said they are… Read More

October 30, 2018 @ 5:00 am By JD Alois  |  

Insurtech omni:us has closed on a new funding round. The specific details of the funding were not reported but omni:us said that total funding to date now stands at $22.5 million. Crunchbase reports a seed round in 2016 of €4.2 million. The investment was led by… Read More

October 30, 2018 @ 4:00 am By JD Alois  |  

GTR Ventures, an investment company that specializes in trade and supply chain, has announced an investment in Orbitt – an African focused Fintech deals platform. This is GTR’s first Africa focused investment. Orbitt is based in London with operations in Mauritius and a user-base across 28… Read More

October 29, 2018 @ 11:11 pm By JD Alois  |  

Bitstamp, a Luxembourg based crypto exchanged, has been acquired. Revealed in a blog post today, the crypto operation reported that NXMH, a Belgium-based investment company, had purchased the exchange for an undisclosed sum. Bitstamp founder and CEO Nejc Kodrič said the platform has been pursued by potential… Read More

October 29, 2018 @ 10:05 pm By JD Alois  |  

Financial services conglomerate Monex Group issued their quarterly earnings report today. Monex, a Japan based, publicly traded firm, owns and operates multiple Fintech platforms as well as more traditional platforms such as TradeStation in the US. In April of this year, Monex acquired Japanese crypto… Read More

October 29, 2018 @ 6:23 pm By JD Alois  |  

In the wake of the Autumn Budget  delivered by Chancellor of the Exchequer Philipp Hammond today, the Financial Conduct Authority (FCA), Bank of England, and HM Treasury has published their final report on the topic of regulating cryptoassets and distributed ledger technology (DLT/blockchain). The Cryptoasset… Read More