General News

July 5, 2018 @ 7:40 pm By JD Alois  |  

The UK government, via the Department for International Trade (DIT), is offering an interesting program to incentivize entrepreneurs to set up shop in Great Britain. Of course, some of this has to do with Brexit and the UKs desire to promote an innovation driven economy… Read More

July 5, 2018 @ 3:00 pm By Samantha Hurst  |  

Edinburgh Napier University announced on Wednesday the launch of a new dedicated course for its Master’s degree in Fintech. The University reported that its Business School already has various courses to offer at both undergraduate and postgraduate levels, and the addition of the new fintech… Read More

July 5, 2018 @ 1:00 pm By Samantha Hurst  |  

Azimo, a European digital money transfer firm based in London and Krakow, has reportedly has added ten new countries to its services for customers in Nordic countries. This news comes just a little over a month after the company secured $20 million through its Series C… Read More

July 5, 2018 @ 5:21 am By Erin Hobey  |  

In preparation of its Lending Challenge, the P2P investment aggregation provider Orca partnered with UK P2P Lending Knowledge Leaderboard and posted a quiz targeting investors and industry players to see how much people know about the P2P knowledge. Neither questions nor answers will be posted here to keep the quiz… Read More

July 4, 2018 @ 12:19 pm By Samantha Hurst  |  

Revolut, a digital-only bank that claims it is signing up over 120 businesses per day, announced on Wednesday it has signed up one million customers in the UK and saved them over $330 million in fees, as the London-based company continues to prep for global expansion…. Read More

July 3, 2018 @ 2:33 am By Erin Hobey  |  

Plum’s second crowdfunding raise on Seedrs is proving to be just as successful as its first £925K campaign. Plum, an artificial intelligence (AI) chatbot for personal finance, returned to Seedrs in late June seeking an additional £850,000 in funding. Funds from the latest Seedrs round will be used to… Read More

July 3, 2018 @ 1:25 am By Erin Hobey  |  

Two years ago Cleveland Whiskey set itself apart as one of the first Reg CF investment crowdfunding offers to list following the launch date on 16 May. The spirits company  swiftly tapped over $295K in 2016 from more than 500 Wefunder investors. The Whiskey Distillery has partnered again… Read More

July 2, 2018 @ 3:33 pm By Samantha Hurst  |  

Following the two year anniversary of Brexit, UK peer-to-peer lender Lending Works analyzed the economy, fintech, and peer-to-peer lending industry following the historic EU referendum. The online lender revealed: “Last week marks two years since the historic EU referendum, which saw the British people stun… Read More

July 2, 2018 @ 2:06 pm By Samantha Hurst  |  

American Express (NYSE: AXP) announced last week plans to launch a co-branded Amazon credit card for small businesses in the U.S. According to the credit giant, the new card will enhance the way small businesses buy goods and services across Amazon and is part of… Read More

July 2, 2018 @ 9:15 am By JD Alois  |  

EquityZen, a secondary market for private securities and fund platform, recently posted an update on platform performance. The results are interesting. First of all, investing in any early stage firm is a risky endeavor. Many, if not most, early stage companies fail or meander along…. Read More

July 2, 2018 @ 8:54 am By Samantha Hurst  |  

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

June 30, 2018 @ 12:01 pm By Cali Haan  |  

Ross Ulbricht has been denied his last chance to appeal the sentence of double life plus forty years (with no chance of parole) he received after being convicted of running the “Silk Road” illicit online marketplace in 2015. The decision to deny the request was… Read More

June 30, 2018 @ 5:18 am By JD Alois  |  

The Milken Institute has officially launched their Fintech Advisory Committee – a group that was previously revealed during Milken’s annual conference in Los Angeles. Jackson Mueller, head of the Fintech program at Milken, said that the cost of financial intermediation has largely remained unchanged for 100… Read More

June 29, 2018 @ 11:49 am By Samantha Hurst  |  

FinTech Scotland announced on Thursday its new board members, who will work with CEO Stephen Ingledew and the FinTech Scotland team to oversee the strategic plans for making Scotland a “top five” global fintech center. The board member announcement comes just one month after FinTech… Read More

June 29, 2018 @ 1:49 am By Therese Torris  |  

The German Crowdfunding Association announced today that the German parliament has approved the implementation of the European Prospectus regulation and, at the suggestion of the federal government, has decided to raise the upper limit of the prospectus exemption for crowdfunding issuance from the current €2.5… Read More

June 28, 2018 @ 9:35 pm By Samantha Hurst  |  

Citi announced on Thursday it has teamed up with Computershare to launch its new digital platform for proxy voting, Proxymity, through the company’s D10X program. According to Citi, by using a core algorithm to streamline the flow of information between intermediaries, Proxymity maximizes the accuracy and transparency… Read More

June 28, 2018 @ 8:00 am By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, reports its 145,000-plus small business customers accessed over 300,000 loans during non-banking hours, reaching a record total of more than $1 billion in funding. In total, Kabbage has now provided access to… Read More

June 28, 2018 @ 4:23 am By Erin Hobey  |  

Swarm, the blockchain for private equity, has launched the DMN Token representing fractional ownership of a Dash masternode, extending block rewards and voting rights to all token holders. Additionally, investors may now use Dash to participate in all investment opportunities on Swarm’s marketplace. “Dash is… Read More

June 27, 2018 @ 9:37 am By Samantha Hurst  |  

TD Bank announced on Tuesday it has formed a new partnership with BizEquity to provide its small and mid-size business customers and prospects from Maine to Florida a no-cost comprehensive business valuation through a cutting-edge digital application. The bank revealed that through its relationship with the Philadelphia-based fintech it now offers… Read More

June 26, 2018 @ 11:52 am By Erin Hobey  |  

Venture capital firm Hack VC is prepping for its bi-annual event, hack.summit(), a gathering and hackathon of some of the world’s key technical leaders in blockchain. To be held virtually on 9-11July 2018, this year’s hack.summit() theme is blockchain, with headline speakers including technical founders of… Read More