December 13, 2017 @ 10:42 am By JD Alois  |  

GloveboxDirect, an online marketplace for car and bike parts, has raised £180,000 in 3 days crowdfunding on Crowdcube, according to the company. The offer represented an 18.51% equity stake in the firm at a pre-money valuation of £800,000.  Reportedly, 119 investors participated in the offer…. Read More

December 13, 2017 @ 8:27 am By JD Alois  |  

Described as an initiative to fight global poverty and inequality, Patrick Byrne, founder of Overstock (NASDAQ:OSTK) has formed joint venture with Hernando de Soto – prominent economist who has been deeply engaged in the Blockchain and cryptocurrency sector.  The new company, called De Soto, Inc., will… Read More

December 13, 2017 @ 7:59 am By JD Alois  |  

Nesta, a global innovation foundation, has announced the ten Fintech firms that have won Stage 1 of the Open Up Challenge. The Challenge is in recognition of the launch of Open Banking in January 2018. Chris Gorst, Challenge Prize Lead at Nesta, congratulated all of… Read More

December 12, 2017 @ 9:41 pm By JD Alois  |  

Quesney Female Founders In Tech has announced their winners in their competition to identify up and coming tech platforms. The judges determined the winners at an event last night in Manhattan. Seven finalists pitched before an audience of 100+ attendees. The live event judges –… Read More

December 12, 2017 @ 6:20 pm By JD Alois  |  

Shmuel Hauser, the Chairman of the Israel Securities Authority, published a statement today addressing Fintech, Bitcoin and Initial Coin Offerings, in an extended comment on regulations and the changing financial landscape. Hauser stated; “From a regulator perspective, we want make sure that Fintech will not… Read More

December 12, 2017 @ 5:21 pm By JD Alois  |  

Props, a decentralized video network operated by YouNow, Inc., has opened its public token sale on CoinList. The Initial Coin Offering (ICO) expects the offer to close on December 22nd making it the third ICO to fund on the AngelList founded platform. YouNow’s community that is… Read More

December 12, 2017 @ 10:24 am By JD Alois  |  

55ip, an investment science and technology firm, and Northeast Planning Associates (NPA), have signed an agreement that gives NPA access to 55ip’s investment science, research and proprietary technology. NPA clients will now have access to a customized version of the 55ip Investment Platform, technology that… Read More

December 12, 2017 @ 9:15 am By JD Alois  |  

Affirm, a Fintech that provides point of transaction access to credit, has been received Unicorn status, according to multiple reports. Affirm is the creation of Max Levchin, a PayPal co-founder, who knows a thing or two about finance. According to a report in Bloomberg last… Read More

December 12, 2017 @ 7:54 am By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has signed a cooperation agreement with the Canadian Securities Administrators (CSA) to foster Fintech innovation, expand the network of information sharing and support Fintech startups. ASIC previously signed a bilateral cooperation agreement with the Ontario Securities Commission which… Read More

December 12, 2017 @ 7:39 am By JD Alois  |  

OurCrowd, a leading global equity crowdfunding platform, says registration numbers have rocketed for its upcoming Global Investor Summit taking place on February 1st. OurCrowd reports that more than 10,000 individuals have registered for the event with participation from 80 different countries.  Participants also include over… Read More

December 11, 2017 @ 10:41 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) had previously committed to review its regulatory sandbox and Fintech licensing exemption and upon review, officials have proposed to maintain the current status. The regulatory Fintech sandbox was introduced in December 2016 and enables eligible firms to test… Read More

December 11, 2017 @ 9:02 pm By JD Alois  |  

In the wake of the SEC’s most recent enforcement action regarding an Initial Coin Offering (ICO) that failed to file for a securities exemption while the issuer, Munchee, clearly promoted the ability for token purchasers to seek an investment return on a “utility” token, SEC… Read More

December 11, 2017 @ 4:52 pm By JD Alois  |  

Today, the Securities and Exchange Division announced it had halted an Initial Coin Offering (ICO) as an unregulated securities offering. Munchee, a food review App based on Blockchain, agreed to refund all investors without accepting nor denying the allegation. The ICO was seeking $15 million… Read More

December 11, 2017 @ 3:53 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has shut down an Initial Coin Offering (ICO) as conducting an unregistered securities offering. This is the first time the SEC has has halted an ICO where there were no allegations of fraud representing a new shift in approach… Read More

December 11, 2017 @ 2:44 pm By JD Alois  |  

LendingClub (NYSE:LC) presented at Morgan Stanley last week in a day long event that provided an in-depth update on the company and its expectations for future performance. The Investor Day Presentation, embedded below, was an encouraging compendium of how LendingClub envisions the future of online… Read More

December 11, 2017 @ 11:30 am By JD Alois  |  

The excitement surrounding Bitcoin and other cryptocurrencies has driven a huge surge in popular interest in Apps that allow individuals to purchase, or sell, digital currencies. This week, something rare happened as an imposter App reportedly managed to evade Apple’s stringent vetting process to post… Read More

December 11, 2017 @ 11:08 am By JD Alois  |  

The “sexiest App ever” has launched a Reg CF crowdfunding campaign on Indiegogo / Microventures. Aptly named Nude, is an App where you can safely stow your naughty photos. We have all read about, or viewed, naked pictures of celebrities and others that have been… Read More

December 11, 2017 @ 9:45 am By JD Alois  |  

  Hyperwallet, a global payment platform, has formed an arrangment with Amazon to be able to receive disbursements from sales on Amazon’s new Australian marketplace. Hyperwallet said it will now support international seller disbursements from Amazon with its multi-currency payout solution that enables Amazon Marketplace… Read More

December 11, 2017 @ 9:31 am By JD Alois  |  

The Mintos marketplace for loans has added its first Russia based loan originator: EcoFinance. The online lender offers investments in unsecured personal loans issued in Russia under its CreditPlus brand. Mintos reports that EcoFinance loans on its marketplace will initially be listed in Euros with… Read More

December 11, 2017 @ 8:58 am By JD Alois  |  

Today is the first full day of trading for Bitcoin futures on the CBOE.  Trading under the symbol XBT, contracts actually began last night (Sunday, December 10th) and represents a milestone event in the legitimization of the worlds most popular cryptocurrency. Bitcoin futures allow market participants… Read More