October 18, 2017 @ 10:29 am By JD Alois  |  

CBInsights has published their Q3 report on the global Fintech sector. According to their research, VC backed Fintech firms raised $4 billion into 278 deals during the quarter. While the number of deals held steady, the funding amount dipped from Q2 2017 which was a… Read More

October 18, 2017 @ 9:39 am By JD Alois  |  

Dr. Leonid Kogan, Chair of the Finance Department at MIT Sloan School of Management, has joined deep data company 55 Institutional Partners as Chief Investment Scientist. 55 Institutional Partners is an “investment science firm” that helps enterprise customers implement tax optimized enhanced portfolios. Kogan’s research covers theoretical and empirical… Read More

October 18, 2017 @ 8:03 am By JD Alois  |  

This is interesting. Mangrove Capital Partners, a venture capital group based in Luxembourg, has published a report indicating that Initial Coin Offerings are delivering huge returns for investors. Mangrove says investors have received  a return of 1320% on average. This is taking into consideration ICOs… Read More

October 17, 2017 @ 10:28 pm By JD Alois  |  

CBInsights is out with an interesting report on Blockchain and associated trends which tackles the booming Initial Coin Offering (ICO) market.  According to the report, ICOs have raised more than $2 billion in 2017 and the upward trajectory shows no signs of slowing as long… Read More

October 17, 2017 @ 6:36 pm By JD Alois  |  

  Fosun RZ Capital (formerly called Fosun Kinzon Capital) is a leading China based venture capital firm that is part of the Fosun Group which is based in Shanghai. Fosun Group, which is listed on the Hong Kong Stock Exchange, spent “billions” acquiring global companies… Read More

October 17, 2017 @ 2:04 pm By JD Alois  |  

Ben Bernanke, the former Chairman of the Federal Reserve who toughed it out during the Great Recession, doesn’t thing too much about Bitcoin and cryptocurrencies in general. Speaking to a standing room only audience at the Ripple Swell conference in Toronto this week, Bernanke was… Read More

October 17, 2017 @ 1:14 pm By JD Alois  |  

Seedrs has announced a new partnership with the Law Society. The agreement will allow the Law Society’s members to access early stage startups via the crowdfunding platform. Simultaneously,  promising Legaltech startups will have the support of the Law Society when they raise funding on the… Read More

October 17, 2017 @ 10:44 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has published primer on cryptocurrencies. The document was produced by LabCFTC, the section of the CFTC launched to promote responsible Fintech innovation and fair competition. The publication comes at a time when digital currencies have become extremely popular, especially… Read More

October 17, 2017 @ 9:39 am By JD Alois  |  

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans… Read More

October 17, 2017 @ 8:23 am By JD Alois  |  

Homefans has closed its equity crowdfunding campaign on Crowdcube having raised £111,590 in 30 days. The company had a pre-money valuation of £589,000. According to the campaign page, 165 investors backed the young company. The startup  decided to launch an equity offer after taking more… Read More

October 17, 2017 @ 7:32 am By JD Alois  |  

Manchester-based Racefields is reporting it has inked a partnership with an unnamed platform in Singapore to expand its debt trading platform RCX to the southeast Asian country. Through the partnership, any deals listed on the RCX platform that match the investment criteria of the funder… Read More

October 16, 2017 @ 11:06 pm By JD Alois  |  

Coinme kicked off its Initial Coin Offering (ICO) today minus the presale that has become typical of tokenized crypto sales.  UpToken  went on sale as a new crypto asset designed to accelerate the deployment of the largest crypto ATM network in the world. Coinme reports the ICO… Read More

October 16, 2017 @ 10:42 pm By JD Alois  |  

Today, the Minister for Revenue and Financial Services, Kelly O’Dwyer, announced the appointment of James Shipton as the new Chair of the Australian Securities and Investments Commission (ASIC).  A Goldman Sachs veteran, Shipton is currently leading a research center at Harvard Law School where he… Read More

October 16, 2017 @ 5:38 pm By JD Alois  |  

LendingClub (NYSE:LC) has filed an 8K with the Securities and Exchange Commission indicating it has entered into a Warehouse Credit Agreement on October 10th with “certain lenders.” In connection with the Warehouse Agreement, “LendingClub Warehouse” also entered into a Security Agreement with the Administrative Agent… Read More

October 16, 2017 @ 3:12 pm By JD Alois  |  

  Ron Suber has become one of the most recognizable voices in the global Fintech arena. Since officially departing the Fintech he helped to create, the former President of Prosper Marketplace has become an elder statesman for online lending and financial innovation in general. An… Read More

October 16, 2017 @ 11:36 am By JD Alois  |  

PeerStreet, an online marketplace for real estate backed loans, has appointed Louis Nees as Head of Capital Markets. Nees is a Wall Street veteran with over 30 years of experience in the financial services industry. Nees previously served as  SVP of Global Capital Markets for… Read More

October 16, 2017 @ 11:14 am By JD Alois  |  

Dow Jones has just released its quarterly report on Venture Capital in Europe.  According to their tally, venture capital declined both in regards to funds raised and investment activity during the 3rd quarter. Both the number of funds and amount raised by European VC funds decreased… Read More

October 16, 2017 @ 10:20 am By JD Alois  |  

Streamr reports it has closed its Initial Coin Offering (ICO) early having raised CHF 30 million (USD $ 30.74M) from more than 1300 backers. Streamr had set a hard cap on the offer but it was originally scheduled to run until October 26th. The public… Read More

October 16, 2017 @ 10:01 am By JD Alois  |  

Global Debt Registry (GDR), a Fintech firm that provides asset verification for institutional investors and warehouse lenders in the online lending market, has announced it has topped $1.5 billion in loans validated from leading online lenders. GDR says that has processed 100,000 online, unsecured consumer… Read More

October 16, 2017 @ 9:32 am By JD Alois  |  

Julian Assange, the founder of Wikileaks who is holed up in the Embassy of Ecuador in London, is thanking the US government for boosting his investment returns. Assange shares in a tweet that the illegal banking blockade targeting Wikileaks compelled him to look elsewhere to… Read More