Investment Platforms and Marketplaces

June 23, 2020 @ 8:39 pm By Omar Faridi  |  

Ethereum based Opyn, an options issuance platform, has secured $2.16 million in capital via a round led by Dragonfly Capital, a cross-border crypto-asset investment firm. Other investors in Opyn’s latest round included 1kx, an early-stage token fund focused on remittances, computation, storage, prediction, and the… Read More

June 23, 2020 @ 7:01 pm By JD Alois  |  

After an extensive regulatory journey, Zopa has been awarded a full bank  license as it transitions from a top online lender to a Fintech offering a growing portfolio of financial services. Zopa Bank will sit alongside its existing peer to peer business (Zopa Limited), as part… Read More

June 23, 2020 @ 5:44 pm By Omar Faridi  |  

A new type of user reward scheme to distribute the Compound governance tokens (COMP) has led to a significant increase in the amount of value locked into the leading decentralized finance (DeFi) protocol. Traders using Compound are now “farming” COMP tokens. Notably, the total value… Read More

June 23, 2020 @ 9:00 am By JD Alois  |  

  BlockFi, a digital asset financial services firm, has boosted its Asia presence with the new hire of Rishi Ramchandani as Director of Business Development, Asia. According to BlockFi, Ramchandani most recently led global and Asia equities teams for Bank of America Merrill Lynch. As crypto… Read More

June 22, 2020 @ 10:39 pm By JD Alois  |  

Sparrow, an options trading platform has raised USD$ 3.5 million in a Series A funding round, according to a company release. The round was led by HDR Group, the parent company of BitMEX – a crypto exchange. The funding also included participation from Signum Capital, Du… Read More

June 22, 2020 @ 6:15 pm By JD Alois  |  

Neufund, once a leading voice in the European security token offering market, has decided to pivot away from its digital security mission. Based in Germany, Neufund was founded by CEO Zoe Adamovicz who announced several years ago their intent to conduct the first-ever legally binding… Read More

June 22, 2020 @ 5:36 pm By JD Alois  |  

Last week, Crowdfund Insider reported on Republic‘s move into real estate crowdfunding. Republic was initially launched as a Reg CF funding portal targeting early-stage firms with a focus on underserved markets. Since platform launch, Republic has expanded into additional verticals including Republic Crypto, a game… Read More

June 22, 2020 @ 3:58 pm By Omar Faridi  |  

Peer to peer (P2P) business lender ArchOver recently claimed that it has seen a significant increase in demand from retail investors as the platform prepares to begin lending again via its secured loan offering. According to its website, ArchOver has funded over £119 million for… Read More

June 22, 2020 @ 9:00 am By Omar Faridi  |  

Cred, a global blockchain-enabled financial services platform serving clients in around 190 countries, has hired Daniel Goldstein as its new CTO. Bethany De Lude has also joined Cred. She’ll be taking over the company’s security operations as Chief Information Security Officer (CISO). As mentioned in… Read More

June 22, 2020 @ 8:36 am By JD Alois  |  

CoAssets, a Singapore based Fintech that listed its shares on the Australian Securities Exchange in 2016, has announced the delisting of its shares. According to a release by the company, CoAssets requested a voluntary delisting for the following reasons: Low shareholder numbers – The Company… Read More

June 22, 2020 @ 5:00 am By JD Alois  |  

OurCrowd, a global venture investing platform, reports that thousands of investors from 80 different countries will participate in a virtual event the OurCrowd Pandemic Innovation Conference. OurCrowd states that investors, VCs, corporate executives, government officials as well as the press are participating in the online… Read More

June 20, 2020 @ 3:37 pm By JD Alois  |  

This week, the administrators unraveling the collapse of peer to peer lender Lendy, which failed in 2019, announced an unsettling bit of information regarding suspect payments to two former Lendy Directors: Liam Brooke and Tim Gordon. According to a document posted on the Lendy website,… Read More

June 20, 2020 @ 1:47 pm By Omar Faridi  |  

Blend Network, a peer to peer (P2P) property lender, has reportedly repaid £2.282 million to lenders who had made strategic investments in six different loans. These loans included the Charterhouse loan, the Image House loan, and the four Crown House loans. Lenders were able to… Read More

June 19, 2020 @ 10:01 pm By Samantha Hurst  |  

Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Friday its plans to launch Allfunds Investment Solutions, which is an investment outsourcing and sub-advisory B2B solutions platform for banks, wealth managers, and institutional investors. According to Allfunds, the new service will operate as a… Read More

June 19, 2020 @ 6:57 pm By Omar Faridi  |  

Singapore-based Institutional Lending Exchange (iLex), a Fintech firm focused on developing a multilateral digital or e-market platform that will support the deal flow and liquidity opportunities for loan market participants, has reportedly finalized its seed funding round. The amount raised has not been disclosed. Investors… Read More

June 19, 2020 @ 5:55 pm By JD Alois  |  

SeedInvest, a leading investment crowdfunding platform operating in the US, recently published a letter addressed to the Securities and Exchange Commission (SEC), an agency that is in the midst of a regulatory review regarding the exempt offering ecosystm. The SEC has proposed multiple rule changes… Read More

June 19, 2020 @ 12:13 pm By Omar Faridi  |  

The deVere Group, a global financial consultancy providing advice to expatriate clients and investors, has introduced a customer onboarding verification app. The company’s Ident Me app aims to offer a secure identity verification system, which could serve as an alternative to traditional customer onboarding solutions…. Read More

June 19, 2020 @ 10:50 am By JD Alois  |  

A new private securities exchange, Hg Exchange, has joined the Monetary Authority of Singapore’s (MAS) Fintech Sandbox. Hg Exchange’s tenure at the Fintech Sandbox begins on June 22, 2020, and is scheduled to last until December of this year. Hg Exchange will offer 24/7 trading… Read More

June 19, 2020 @ 8:56 am By Omar Faridi  |  

The Robocash Group, a multinational financial group that offers consumer alternative lending and marketplace funding in European and Asian markets, has reportedly initiated a pre-IPO funding round to help finance the planned launch of its digital bank in the Philippines. Founded in 2013 in Russia… Read More

June 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Thursday it will now and always recognize Juneteeth as a company holiday. Juneteeth is an official American holiday and an official Texas state holiday that celebrates annually on the 19th of June to commemorate Union army general, Gordon… Read More