General News

July 18, 2018 @ 7:47 am By Samantha Hurst  |  

Tradeteq, a UK-based trade finance distribution platform, has successfully secured $6.3 million through its Seed Extension round, which was led by ADV. Founded in 2016, Tradeteq notably provides a collaborative network for trade finance investors and originators to connect, interact, and transact. The company also delivers AI-powered… Read More

July 18, 2018 @ 7:43 am By JD Alois  |  

Wistia, a video software company for small and medium-sized businesses, has chosen a path less traveled by turning their back on VCs and other investors. Chris Savage, CEO and co-founder of Wistia, says when they started the company over a decade ago, the goal was to… Read More

July 17, 2018 @ 3:13 pm By Samantha Hurst  |  

The Large Credit Union Coalition (LCUC), a group comprising the CIOs of the 16 largest credit unions in Canada, announced on Tuesday it has joined enterprise software firm R3’s global blockchain ecosystem. The LCUC reported that it will join R3’s network of more than 200 financial… Read More

July 17, 2018 @ 11:50 am By Samantha Hurst  |  

AutoGravity, a fintech provider modernizing the way consumers buy and finance automobiles, announced on Tuesday it has appointed Alex Mallmann as President and Chief Executive Officer, and Jason Bonifay as Chief Technology Officer. According to AutoGravity, the announcement comes as the company hits a new milestone,… Read More

July 17, 2018 @ 9:43 am By Samantha Hurst  |  

Just two months after surpassing 100,000 customers, UK-based challenger bank Tandem has successfully attracted 250,000 customers to its platform. Not only is the fintech celebrating the number of users, it is also reportedly planning to launch its very own mortgage market.  According to Financial Reporter, Tandem… Read More

July 16, 2018 @ 1:16 pm By Samantha Hurst  |  

Bajaj Finserv, an India-based financial service company, announced last week it has formed a partnership with global innovation platform, Plug and Play, to tap into startups that will add value for their customers. Bajaj Finserv claims it is the first Indian company to partner with… Read More

July 16, 2018 @ 9:37 am By Masha Prusakova  |  

Male and white – this was the start of the cryptocurrency world. Since the early days of cryptocurrencies, miners, and blockchain developers have been comprised of men – and today’s token projects are reflective of that gender disparity. There is a gender imbalance in the… Read More

July 16, 2018 @ 9:04 am By Samantha Hurst  |  

Goldex, UK-based trading technology platform that allows users to invest in physical gold, announced on Monday it has launched in London. According to Goldex, retail customers may now have the chance to easily invest in physical gold at the best prices and use it as… Read More

July 15, 2018 @ 3:46 pm By JD Alois  |  

Small businesses in the US, and just about every other country, are the life blood of the economy where they operate. This is a fact. Providing access to capital to smaller firms is thus a vital need to drive economic growth, create jobs, and enable… Read More

July 15, 2018 @ 12:00 pm By JD Alois  |  

UK research firm Beauhurst published a report recently that highlighted foreign investment into high growth UK firms. According to their numbers, foreign investment is booming in the UK – in spite of Brexit induced jitters. The report states that during 2017 foreign investment hit £6… Read More

July 13, 2018 @ 7:48 pm By Samantha Hurst  |  

Russian banking group Sberbank announced on Friday it has teamed up with Tinkoff Bank to launch joint peer-to-peer (p2p) payment transfer service that uses mobile phone numbers. According to Sberbank, the new service allows bank card users to transfer money from card to card immediately by using their… Read More

July 13, 2018 @ 4:35 pm By Cali Haan  |  

A study of the Twitter activity of 2,390 ICOs (initial coin offerings) has found that, four months after completing their initial token sales (ICOs), only 44.2% of crypto firms are still in business. [clickToTweet tweet=”Four months after completing their initial token sales, only 44.2% of… Read More

July 13, 2018 @ 1:40 pm By Cali Haan  |  

Pirate Bay, an illegal website that indexes stolen digital files is trying out a new revenue model so it can chuck those pesky ads. The file pirates first announced plans to engage 20-30% of visitors’ CPU power to mine cryptocurrency Monero last fall in a… Read More

July 12, 2018 @ 5:30 pm By JD Alois  |  

Earlier this year, the Deloitte Center for Financial Services (DCFS) and LendIt Fintech joined together to publish a survey on online lending and the current state of the ecosystem. The numbers were highlighted this past April during the LendIt Fintech conference but Deloitte has recently shared… Read More

July 12, 2018 @ 12:00 pm By Samantha Hurst  |  

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Wednesday that more than 300 applications were submitted for the program’s 2018 edition. The accelerator began accepting application in May. As previously reported, FinTech Hive was… Read More

July 12, 2018 @ 8:27 am By Samantha Hurst  |  

Citizens Financial Group, Inc. (NYSE: CFG) announced earlier this week the launch of Citizens Access, a nationwide, direct-to-consumer digital bank. According to the banking brand, this new online platform offers compelling deposit products to serve an increasing number of digitally-savvy customers who value the unique benefits… Read More

July 12, 2018 @ 7:28 am By Erin Hobey  |  

Ahoy! Last time we heard from Plutus the app and debit card platform has secured $1 million in a crowdsale in 2016 (before the crowdsale craze) with the intent of creating a streamlined payment system using blockchain. Now, nearly two year later, the fintech platform named for… Read More

July 12, 2018 @ 6:52 am By Erin Hobey  |  

Who are you? LendInvest, a UK marketplace platform for mortgages, and Onfido, an identity verification provider, have partnered to streamline LendInvest’s digital application process for its Buy-to-Let (BTL) product to determine identity. In November 2017, LendInvest launched its first BTL product with a digital application process; the… Read More

July 11, 2018 @ 2:05 pm By Cali Haan  |  

The American Libertarian Party has passed a resolution requesting that President Trump pardon Ross Ulbricht, a 34-year-old Texas native serving a double-life sentence plus forty years for criminal activities related to running the illicit Dark Net marketplace Silk Road. The resolution passed at the party’s national convention,… Read More

July 11, 2018 @ 11:08 am By JD Alois  |  

As turmoil swirls within the UK government regarding Brexit approach and Brussels ponders its next step, at least one report has a positive spin on the UK economy. OFX, a payments platform, has shared data that claims UK SMEs are pretty positive in the face… Read More