General News

March 8, 2018 @ 6:30 pm By JD Alois  |  

Danielle Szetho, the longtime CEO of FinTech Australia, announced her resignation today following two successful years of guiding the young organization to become the leading voice for innovative finance in Australia. FinTech Australia said that Sara Worboys will take over as interim CEO beginning March… Read More

March 8, 2018 @ 4:19 pm By Erin Hobey  |  

Grayscale Investments, LLC, a digital currency investing authority, launched four new investment products including Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust.  As of 28 February 2018, Grayscale reported possessed $2.1 billion in assets under management. Barry Silbert, Digital Currency… Read More

March 8, 2018 @ 2:35 pm By Erin Hobey  |  

DSTLD, a company seeking to disrupt the $200 billion fast fashion market with fairly priced, direct-to-consumer premium clothing (such as jeans), has exceeded $2M on its SeedInvest Series A-2 round. Nearly 2000 investors have invested over $2,132,766. Helmed by Co-CEO, Co-Founder and Creative Director Corey Epstein and… Read More

March 8, 2018 @ 2:02 pm By Erin Hobey  |  

Over 1620 investors have poured more than £1,074,980 into Northern Monk Brewing Co.’s Crowdcube campaign. The brewer successfully surpassed its initial funding target of £500,000 for 9.71% equity in a few hours during the campaign’s first day. Founded by Russell Bisset in 2013 with brewing history… Read More

March 7, 2018 @ 3:24 pm By Samantha Hurst  |  

Financial Solutions Lab (FinLab), a five-year program aimed at harnessing and developing top fintech companies to create products that tackle Americans’ most pressing financial issues and is managed by CFSI with funding lab partner JPMorgan Chase & Co., recently announced applications are open for its… Read More

March 7, 2018 @ 9:02 am By JD Alois  |  

The UK Department for International Trade (DIT) has announced its selected delegates to participate in a trade mission scheduled to take place in the US this coming April.  According to the DIT, the following 15 Fintech firms have been selected: AccessPay is on a mission to… Read More

March 7, 2018 @ 8:18 am By JD Alois  |  

The Chamber of Digital Commerce, a trade association representing the digital asset and Blockchain industry, is holding its third-annual DC Blockchain Summit in partnership with the Center for Financial Markets and Policy at Georgetown University’s McDonough School of Business. If you don’t happen to be… Read More

March 6, 2018 @ 7:16 pm By Erin Hobey  |  

This past January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. TrueUSD aims to offer a more stable… Read More

March 6, 2018 @ 4:18 pm By Erin Hobey  |  

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

March 6, 2018 @ 8:40 am By Erin Hobey  |  

Robo.cash outlined the results of its first year in operation on the European P2P lending market: 2,000 investors from the EU and Switzerland invested over €3M in the issue of 330,000 short-term PDL-loans in Kazakhstan and Spain. The average inflow of investments is €240,000 with… Read More

March 2, 2018 @ 12:36 pm By Samantha Hurst  |  

Information Services Group (ISG) (Nasdaq: III), a global technology research and advisory firm, today announced it has formed a strategic partnership with Plug and Play, a Silicon Valley-based technology innovation accelerator platform. The partnership will notably give ISG an opportunity to influence the digital future of… Read More

March 2, 2018 @ 10:15 am By Samantha Hurst  |  

  On Thursday, Plug and Play announced it welcomed 111 startups into six of its accelerator programs. The programs will notably run from March through May and include Brand & Retail, Cybersecurity, Fintech, Food & Beverage, New Materials & Packaging, and Supply Chain & Logistics Plug and… Read More

March 1, 2018 @ 12:21 pm By Erin Hobey  |  

Havven’s crypto-monetary system and stablecoin sale closed within a day, with a total cap of USD$30 million. Tokens will be distributed to sale participants between March 7-13. Havven aims to combat one of the biggest problems of cryptocurrencies at the moment: volatility. The Australian blockchain-based solution… Read More

March 1, 2018 @ 11:41 am By Erin Hobey  |  

Polymath, seeking to disrupt investment banking with its industry-first security token issuance platform, has partnered with video gaming community platform Rupie; enterprise blockchain solution provider OneLedger; and P2P IoT sensor data marketplace DataBroker DAO to provide advice and counsel on the design and execution of each partner’s upcoming Initial… Read More

March 1, 2018 @ 10:57 am By Erin Hobey  |  

Sancus BMS Group,  part of GLI Finance which includes Sancus Finance (formerly Platform Black)and Sancus Finance (formally FundingKnight), announced its first significant drawdown of £17.5 million on its new facility with Honeycomb Investment Trust plc to expand its property-backed lending activities. The provision of the £50 million accordion… Read More

March 1, 2018 @ 10:55 am By Samantha Hurst  |  

On Thursday, nearly 30 startups are competing against each other to join Plug and Play Cleveland’s first accelerator class. The organizers of Plug and Play stated: “In 2015, we had 6 satellite offices and today we have 25. The latest addition to our global family is… Read More

March 1, 2018 @ 7:57 am By JD Alois  |  

UK based Innovation Foundation Nesta has opened applications for the Open Up Challenge, a £2.5 million prize fund backing next-generation Fintech for small businesses. This is a global competition and Nesta encourages aspiring Fintech companies from around the world to apply. Both start-ups and established… Read More

February 27, 2018 @ 1:48 pm By Samantha Hurst  |  

Virgin Money, a financial firm under Virgin that offers savings, mortgages, credit cards, current accounts, currency services, pension, investments, and protection products to customers across the UK, has reportedly spent a total of £38.3 million over the last year to develop its brand new digital… Read More

February 27, 2018 @ 1:38 pm By Erin Hobey  |  

Within a month of launching its de Vere Crypto cryptocurrency app and despite last week’s crypto crash, deVere Group has decided to add two new tokens to its crypto trading app. Users of deVere Crypto can now also store, transfer and exchange Ripple (XRP) and Dash (DASH), alongside… Read More

February 27, 2018 @ 11:42 am By Erin Hobey  |  

The Supreme Court of Israel intervened in a decision by an Israeli bank and ruled that it cannot extensively block the activity of the crypto stock exchange. The Court noted that the bank’s fears and attitudes toward the crypto industry were unfounded speculations. Supreme Court Justice… Read More