General News

September 6, 2018 @ 6:27 am By Erin Hobey  |  

RocketShoes has made a timely back-to-school announcement that its app will utilize blockchain and distributed ledger technology extension ProximaX to power its advanced education platform, a collaboration which seeks to confirm the relevance of ProximaX’s blockchain technology serving industries beyond fintech. “We’re working with leading… Read More

September 5, 2018 @ 6:04 pm By JD Alois  |  

A recent draft of legislation by the European Parliament pertaining to European Crowdfunding Service Providers (ECSP) indicates an interest in rolling in initial coin offerings (ICOs) along with more traditional securities. While still just a draft, the document shows a clear interest in empowering online… Read More

September 5, 2018 @ 4:51 pm By JD Alois  |  

A report from earlier today indicates that Goldman Sachs has decided to shelve its plans to launch a cryptocurrency trading desk. At least in the near term, Goldman is holding off on its crypto ambitions, according to Business Insider. The news immediately threw cold water… Read More

September 5, 2018 @ 10:19 am By Samantha Hurst  |  

Financial marketing firm CrowdfundX announced on Wednesday the launch of its new security token offering (STO) advisory services that were specifically created to support qualified issuers raising capital. The company reported that it has spent the past nine months marketing STOs by providing strategic introductions… Read More

September 5, 2018 @ 9:49 am By Samantha Hurst  |  

Biz2Credit announced on Wednesday the launch of its BizAnalyzer Virtual CFO, which is described as an advanced software tool that enables business owners to make smarter financial decisions about their companies. According to Biz2Credit, the virtual CFO software is available to clients of Paychex Promise,… Read More

September 4, 2018 @ 10:12 pm By JD Alois  |  

KODAKOne has revealed a new partnership with Lobster. Founded in 2013 in London, Lobster is a content marketplace platform to connect brands, agencies, media and creatives with authentic user generated content sourced. KODAKOne, created by Ryde Holding (previously Wenn Digital), will help photographers and artists to… Read More

September 4, 2018 @ 9:33 pm By Brian Dally  |  

The idea of banking has been around for thousands of years. Archaeologists traced its origins back to ancient Mesopotamia, where tablets show that individuals recorded lending transactions. Then, as civilization created value for items like grain, rare jewels and, eventually, coinage and cash, banking practices… Read More

September 4, 2018 @ 12:24 pm By Samantha Hurst  |  

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Tuesday the 22 startups that were selected for its 2018 accelerator program. According to FinTech Hive, the second edition of the program received more than 300 applications… Read More

September 4, 2018 @ 11:52 am By Samantha Hurst  |  

International money transfer service WorldRemit announced on Tuesday it is launching a new digital service within Africa. According to WorldRemit, the service will make it easier to send and receive money across the continent and will also reduce the cost of sending money across borders. WorldRemit… Read More

September 4, 2018 @ 7:41 am By Erin Hobey  |  

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

September 4, 2018 @ 5:46 am By Erin Hobey  |  

Crowdcube investors have made it clear: they want their ice cream, and they want it natural, free from artificial ingredients and low in sugar with innovative flavor combinations.  Northern Bloc is overfunding, just a week after launching their equity crowdfunding campaign on Crowdcube. At this writing,… Read More

August 30, 2018 @ 12:14 pm By Erin Hobey  |  

During the past week, Dash, a digital currency for payments and e-commerce, announced an integration with CoinCards.ca, Germany-based SugarTrends, Spain-based Bit2Me and a new DIP. Canadian-based Coincards.ca, one of the few retail gift card companies specializing in cryptocurrency as a form of payment, company allows customers to… Read More

August 30, 2018 @ 11:02 am By Erin Hobey  |  

Earlier this month UK crowdfunded Crowdcube blogged that £500 million had been pledged on the platform and has resulted in more than 700 successful raises, for startups to sizeable scale-ups including fintech unicorn Revolut, digital, mobile-only bank Monzo and the British multinational brewery BrewDog. Food and beverage… Read More

August 29, 2018 @ 2:12 pm By Samantha Hurst  |  

Raisin UK, a successful European Fintech that provides a marketplace for consumers to earn more money on their savings, announced on Wednesday it has launched a new savings platform in the Netherlands. The company reported that it expanded its reach in the Netherlands after introducing… Read More

August 28, 2018 @ 8:57 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Monday it recently celebrated the third anniversary of its Plug and Play China program. The organization reported that the program has invested in over 200 startups and accelerated more than 500 startups across a total of eight… Read More

August 28, 2018 @ 8:11 am By Erin Hobey  |  

According to recent research completed by European P2P platform Robo.cash on its investors, even though women are less likely to invest and usually tend to consider investing in their 30s or 40s, their average investments are 40% more than men. “In general, we make no difference… Read More

August 24, 2018 @ 3:00 pm By Samantha Hurst  |  

CreditEase FinTech Investment Fund (CEFIF), the U.S.-based Fintech Fund of the Chinese fintech CreditEase, recently led $62 million Series C round investment for consumer credit platform, Upgrade. According to CreditEase, Upgrade, which was launched in 2016 by Renaud Laplanche, former co-founder of Lending Club and the… Read More

August 23, 2018 @ 7:39 am By Erin Hobey  |  

Shojin Property Partners secured funding targets of a combined £1.63M for two of its latest crowdfunded projects in Southend-On-Sea and Hampshire, reportedly attracted 38 investors. Southend-On-Sea was an equity raise (variable profit share) while Hampshire was a debt raise with a fixed return. “Many investors… Read More

August 23, 2018 @ 7:03 am By Erin Hobey  |  

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop.  The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More

August 22, 2018 @ 2:27 pm By Samantha Hurst  |  

On Tuesday, crowdfunded brewing company BrewDog announced it is set to open anticipated craft beer hotel, the DogHouse, on August 27th, at its brewery location in Ohio. The opening of the hotel comes just a little over two years after BrewDog secured $324,072 through its… Read More