August 29, 2017 @ 8:49 pm By JD Alois  |  

UK investment manager, Downing LLP, has appointed Michael Tefula, previously at Oxford Seed Fund and Deloitte, to its specialist Ventures investment team. Downing Ventures invests venture capital into early-stage technology businesses in the UK, prior to supporting these companies through phases of subsequent growth. They also… Read More

August 29, 2017 @ 5:00 pm By JD Alois  |  

Online lending group 4Finance has reported financial results for the first six months as of June 30, 2017. According to the report, top line revenue has increased by 17% versus same period year prior. 4Finance says that revenue came in at €213.6 million compared with €… Read More

August 29, 2017 @ 2:44 pm By JD Alois  |  

More and more law firms are recognizing the importance of cryptocurrency and the potential of blockchain technology. Perkins Coie, a Seattle based law firm that is 100+ years old, has announced its inclusion in the Enterprise Ethereum Alliance (EEA) Legal Industry Working Group. Perkins Coie’s Blockchain… Read More

August 29, 2017 @ 2:36 pm By JD Alois  |  

In a local announcement, Apple added WeChat Pay, part of Tencent, for payments in its App store and online music. WeChat is a social network similar to Twitter that has evolved into providing additional services. Apple already accepts Alipay, part of Alibaba, for payments on… Read More

August 29, 2017 @ 11:25 am By JD Alois  |  

Manhattan Street Capital (MSC) has launched “ManhattanStreet-ICO”program for crowdfunding companies. The platform also said it will now accept cryptocurrency for issuers using Reg A+ and Reg D offerings. Several other investment crowdfunding platforms have recently announced their intent to facilitate ICOs. The shift by Manhattan… Read More

August 29, 2017 @ 9:47 am By JD Alois  |  

Bestow Inc., a platform providing a new approach to life insurance, has announced a $2.5 million seed round led by New Enterprise Associates (NEA), with participation from Core Innovation Capital, Morpheus Ventures, and 8VC. Bestow says this is their first institutional round, bringing its total… Read More

August 29, 2017 @ 9:17 am By JD Alois  |  

  The Singapore Payments Council has created a task force to develop a common QR Code for the country. This is part of a broader initiative of establishing interoperable electronic payments. Singapore is keen to facilitate digital transactions. Council members advocated the use of QR… Read More

August 29, 2017 @ 7:46 am By JD Alois  |  

ID Finance, an emerging markets focused Fintech company, is now listing investment opportunities on the Mintos marketplace incorporating prime personal loans issued under its Solva brand in Georgia. Solva is a fully owned ID Finance subsidiary in Georgia that has disbursed 28,000 personal loans worth… Read More

August 28, 2017 @ 11:07 pm By JD Alois  |  

  Snowball Effect received the very first equity crowdfunding license offered to a funding portal in New Zealand three years ago. The Financial Market Authority granted a license that became effective on July 30, 2014.  The event ushered in a new era of online investment in New… Read More

August 28, 2017 @ 6:18 pm By JD Alois  |  

The Federal Council of Switzerland is out with a note regarding Fintech. Federal Councillor Ueli Maurer is apparently doing a swing through the Swiss Fintech scene to improve awareness and relationships. The Federal Council, the highest executive authority in the country, is made up of… Read More

August 28, 2017 @ 5:52 pm By JD Alois  |  

Online lending platform Float has allegedly shut down. Crowdfund Insider has heard from several different sources the digital platform has called it quits. Earlier today, Crowdfund Insider attempted to contact the platform but no response has been forthcoming. Float provided an instantaneous line of credit… Read More

August 28, 2017 @ 5:36 pm By JD Alois  |  

The Credo Initial Coin Offering listed in Bitbounce, which stood at a bit over $8 million last week, has now pushed past $10 million accomplishing a goal the founders had hoped for. Credo founder and CEO Stewart Dennis asked supporters to step it up last… Read More

August 28, 2017 @ 4:49 pm By JD Alois  |  

LendingClub (NYSE: LC), the largest marketplace lending platform in the US, has scheduled an investor day in New York City. The event, which is by invitation only, will take place on Thursday, December 7, 2017. CEO Scott Sanborn and other executives from the LendingClub management team will provide… Read More

August 28, 2017 @ 3:21 pm By JD Alois  |  

Congresswoman Maxine Waters, the ranking Democrat on the powerful House Financial Services Committee, published a letter last week directed toward thes Chairman of the Federal Deposit Insurance Corporation (FDIC). Representative Waters asked the Chairman to hold at least one public hearing on the application by… Read More

August 28, 2017 @ 2:03 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) have posted a notice regarding companies that are using Initial Coin Offerings (ICOs) to raise capital online. The CSA published a Staff Notice, 46-307 Cryptocurrency Offerings, noting that issuers may need to comply with existing securities law. Canada is the… Read More

August 28, 2017 @ 1:47 pm By JD Alois  |  

Sondors Inc has listed its anticipated Reg A+ crowdfunding offer on StartEngine today. Crowdfund Insider reported in July that Sondors had filed the necessary paperwork with the Securities and Exchange Commission (SEC) to sell securities in both Sondors Inc. – the electric bike manufacturer and… Read More

August 28, 2017 @ 9:05 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have signed an agreement to cooperate on Fintech innovation. The two public entities said the agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem… Read More

August 28, 2017 @ 6:47 am By JD Alois  |  

FundedByMe has announced that Privanet has acquired a 34.4% ownership stake in FundedByMe Finland OY. Privanet operates in Finland and is the owner of the crowdfunding platform AROUND. Privanet is an investment services group specializing in trading of unlisted shares and corporate financing needs. Privanet is licensed… Read More

August 27, 2017 @ 7:32 pm By JD Alois  |  

    For the moment, there is no stopping the hype swirling around the hot Initial Coin Offering market. Even the SEC’s comment that it expects ICOs that are deemed to be securities to file an exemption has just been a minor bump in the… Read More

August 27, 2017 @ 6:01 pm By JD Alois  |  

We have another contestant for the Hall of Shame when it comes to failed pre-sale campaigns. Kanoa, a company that was attempting to compete with Apple and bring wireless earbuds to market, shut down their company this week as they encountered a one two punch… Read More