General News

November 24, 2017 @ 8:20 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More

November 24, 2017 @ 2:00 am By Erin Hobey  |  

Revolut, the digital banking challenger, has signed up 1 million customers across Europe and reportedly saved consumers over £120m in hidden fees as the innovative fintech continues to disrupt traditional banking. London-based Revolut is now signing up between 3,000 and 3,500 new users every day, an… Read More

November 22, 2017 @ 10:46 am By Samantha Hurst  |  

Overbond Ltd., an end-to-end Capital Markets platform for primary bond origination and fixed income deal execution, recently announced it has expanded real-time access to the Overbond Platform to all U.S. corporate issuers and institutional investors by extending key functionality via desktop and mobile applications for… Read More

November 21, 2017 @ 7:01 pm By Erin Hobey  |  

The UK altfin company Growth Street, which surpassed £100 million in online lending earlier this month, is now collaborating with University College London School of Management to give students first-hand experience of using business analytics in a fast-moving commercial environment. The students’ work, which concentrates on predicting a business’s… Read More

November 20, 2017 @ 3:34 pm By Samantha Hurst  |  

Insurtech firm Goji, announced last week it secured $15 million during its latest investment round, which was led by Hudson Structured Capital Management Ltd., (HSCM Bermuda). The companies have also formed a new strategic partnership. The company, which was launched in 2007, offers data-driven home and automobile… Read More

November 20, 2017 @ 2:46 pm By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, recently announced it has surpassed $200 million in originations. This news comes just six months after the investment platform achieved its $100 million in origination milestone. As previously reported, YieldStreet launched in 2015 and is… Read More

November 20, 2017 @ 1:56 pm By Samantha Hurst  |  

Just a couple weeks after securing £71 million during its latest investment round, Co-Founder and CEO of challenger bank Monzo, Tom Blomfield revealed plans to launch a new crowdfunding campaign. Monzo (originally known as Mondo) caught the public eye in March 2016 when it raised… Read More

November 20, 2017 @ 11:56 am By Erin Hobey  |  

Kabbage Inc., a global financial services, tech and data platform serving small businesses, released new data reporting on the similarities that connect all small business owners (SBOs), including personal sacrifices, professional challenges and growth expectations. Kabbage now has 125,000 small business customers, reportedly the largest customer… Read More

November 18, 2017 @ 10:13 am By JD Alois  |  

The British Columbia Securities Commission (BCSC) is sponsoring a Regtech Hackathon to take place in Vancouver, BC on November 28th. The one-day event is designed to challenge participants to create innovative solutions to help industry meet its regulatory requirements more efficiently and effectively, and improve… Read More

November 17, 2017 @ 5:38 pm By Erin Hobey  |  

That this past hurricane season wreaked economic havoc on metropolitan Houston, southern Texas, Louisiana, southern Georgia and Florida is not surprising (Hurricane Maria’s effects on Puerto Rico were not covered in this analysis); in a recent blog, Orchard Platform posted initial research how much Hurricanes Harvey… Read More

November 17, 2017 @ 3:51 pm By Samantha Hurst  |  

Victory Park Capital (VPC), a Chicago-based investment firm focused on private middle-market debt and equity investments, announced on Wednesday it has appointed formed Capital One executive, Troy Jamison as its first Chief Risk Officer.  Jamison will reportedly oversee the assessment and management of risk within the firm’s… Read More

November 17, 2017 @ 1:51 pm By Samantha Hurst  |  

Innovate Finance, the membership organization that represents the UK’s global FinTech community, announced on Thursday it published its 2017 Women FinTech Powerlist. The initiative is a celebration of the achievements and talent of women across the FinTech ecosystem as they continue to play a crucial role… Read More

November 17, 2017 @ 11:02 am By Erin Hobey  |  

WorldRemit has become the first Official Online Money Transfer Partner of the Premier League club, Arsenal. The digital money transfer business, formed by a UK-based entrepreneur from Somaliland, has joined forces with Arsenal to accelerate the company’s growth and help more people save money on… Read More

November 17, 2017 @ 4:55 am By Erin Hobey  |  

Speakly, a tech-based language learning solution, has partnered with Seedrs for a €90,007 fund raise for 10.00% equity offered. The UK-based is pre-valued at €810,000. Successful angel-investor Sonny Aswani has backed Speakly. Co-founded by Ott Ojamets in 2012, Speakly aims to ignite a language learning revolution by bringing 21st century… Read More

November 15, 2017 @ 9:04 am By Erin Hobey  |  

Crowdo, a South East Asian online marketplace for P2P lending and crowdfunding unveiled today its proprietary Artificial Intelligence driven due diligence system, Crowdo ACE, aimed at benefiting both their borrowers and investors. Crowdo ACE takes into account a few thousand unconventional and alternative attributes and… Read More

November 15, 2017 @ 8:58 am By Samantha Hurst  |  

Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech, announced on Wednesday the 2017 Fintech100. Fintech Innovator revealed that The Fintech100 were selected following extensive global research and analysis based on data relating to five factors. Two criteria are related to capital… Read More

November 15, 2017 @ 8:28 am By Erin Hobey  |  

INS, the decentralized ecosystem for the grocery market, today announced integration of the Bancor Protocol, a standard for autonomously convertible blockchain cryptocurrencies, to offer inter-chain liquidity to INS holders via Bancor’s Smart Tokens. INS will create a unique type of Smart Token called a Token Relay… Read More

November 15, 2017 @ 7:27 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by… Read More

November 15, 2017 @ 7:00 am By Erin Hobey  |  

WePay, an integrated payments provider for online platforms, released new data that shows a majority of US-based SMBs end the calendar year with at least one significant payments challenge which severely impacts their business. Conducted in partnership with Survata, an independent research firm, WePay polled more… Read More

November 15, 2017 @ 6:48 am By Erin Hobey  |  

India saw a 20% increase in spends during Diwali compared to the previous quarter reported Walnut, a leading personal finance app based in India, suggesting strong consumer demand and “festive cheer.” ‘Tis the season! The app revealed interesting insights on consumers’ spending habits during this festive… Read More