General News

June 16, 2017 @ 10:15 am By Samantha Hurst  |  

Digital financial service company, P2P Cash, announced on Friday it has launched a new money transfer service from George and South Carolina to Nigeria. The company reported that it now offers cross-border money transfer without any fees. P2P Cash, which is a division of software… Read More

June 15, 2017 @ 10:22 am By Erin Hobey  |  

As reported, the UK Financial Conduct Authority named its second cohort of 24 Fintech firms that are ready to begin testing shortly.  What exactly is a sandbox and why is it important for countries to utilize these to engender innovation and spark disruption? Startups and nubie platforms… Read More

June 15, 2017 @ 7:25 am By Samantha Hurst  |  

Manchester property crowdfunding platform, the House Crowd, announced on Thursday it has joined Canary Wharf-based tech hub, Level39. This news comes just a few months after the funding portal celebrated its five year anniversary. Level39, which was launched in March 2013 by the Canary Wharf Group, is… Read More

June 15, 2017 @ 6:05 am By Erin Hobey  |  

Startupbootcamp FinTech, a leading global accelerator focused on financial innovation, has announced its first Demo Tour to mark the end of its accelerator program. Over 2 weeks in July, the 11 startups from Startupbootcamp’s 2017 cohort in Singapore will visit four countries across Asia and present their companies… Read More

June 15, 2017 @ 5:35 am By Erin Hobey  |  

UK online investment platform SyndicateRoom announced the closure of two lift rounds, for Peptinnovate and Alert Technology. SyndicateRoom negotiated an exclusive offer with the companies, whereby its members could participate in the equity rounds. Pekama closed its round in overfunding over the weekend. Peptinnovate, a… Read More

June 15, 2017 @ 4:48 am By Erin Hobey  |  

SURE, an insurtech startup that offers on-demand personal insurance via an app, has closed an $8 million Series A funding round led by with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust. The NYC and LA-based company also launched a Smartphone… Read More

June 14, 2017 @ 5:31 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School has launched its third European benchmarking survey and the second survey for Africa and the Middle East. The two separate research initiatives will review the emerging alternative finance markets in each… Read More

June 14, 2017 @ 3:05 pm By Samantha Hurst  |  

DCU FinTech Innovation Center, a nonprofit innovation center that fosters seed-stage fintech startups and promotes fintech in Boston, announced on Wednesday its list of cohorts for June 2017.  The center states it helps companies establish product/market fit by working collaboratively across the fintech ecosystem. Companies… Read More

June 14, 2017 @ 12:11 pm By Samantha Hurst  |  

Fintech71, a cross-industry Ohio-based accelerator focused on financial technology, announced on Wednesday it is currently gaining global momentum and its application process is now underway. As previously reported, Ohio-based companies KeyBank, Progressive, The Kroger Co., Grange Insurance, Huntington, FifthThird, First Federal Lakewood, Root Insurance, and… Read More

June 14, 2017 @ 10:50 am By JD Alois  |  

OTC Markets is out with a report that indicates small-cap companies are overlooking important ways they can boost investor interest in their stock.  The study, which was conducted between March and May 2017, surveyed 117 CEOs and CFOs of companies under $2 billion in market… Read More

June 14, 2017 @ 10:46 am By Samantha Hurst  |  

Digital token company Compcoin announced on Wednesday it is officially kicking off its $45 million initial coin offering (ICO). According to the company, the ICO consists of 3 million Compcoin that are selling at $15 each, with an additional bonus for early investors. Compcoin describes… Read More

June 13, 2017 @ 12:30 pm By Therese Torris  |  

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

June 13, 2017 @ 8:10 am By JD Alois  |  

The US Department of Treasury is out with its first report in a series addressing regulatory reform regarding the financial services industry.  Due to the enormity of the task, Treasury will divide its review of the financial system into a series of reports. While Fintech… Read More

June 13, 2017 @ 7:04 am By Jonathan Nieh  |  

Last week it was announced that fintech wealth management platform Addepar had raised $140 million in its Series D round of funding. The funding round was led by Valor Equity Partners, 8VC and investment manager Harald McPike. Operating System for Wealth Managers Based in Mountain… Read More

June 13, 2017 @ 5:46 am By Erin Hobey  |  

70% of the total capital raised by all private European Fintech companies in 2017 1Q went to companies based in … have you written your list? — London, Berlin, Stockholm, Paris, Barcelona and Amsterdam, according to research released by Fintech Global. More than a third of the aggregate of… Read More

June 13, 2017 @ 5:26 am By Erin Hobey  |  

Mambu, the core engine powering digital first banking and lending, has been named for the third consecutive year to the FinTech50 and won the Asian Banker Technology Innovation Award for Best Cloud Application 2017. The FinTech50, the annual list of Europe’s 50 hottest FinTechs, was the first list to… Read More

June 13, 2017 @ 5:04 am By Erin Hobey  |  

India-owned telecom company Bharat Sanchar Nigam Limited (BSNL) and Indian mobile wallet platform MobiKwik have synced to develop BSNL’s mobile application, according to a release. MobiKwik will co-create BSNL wallet, a new semi-closed wallet to facilitate payment and also sell BSNL products. “We are proud to associate with BSNL in… Read More

June 13, 2017 @ 4:42 am By Erin Hobey  |  

WiseAlpha, a UK online lending platform that gives everyday investors access to high yield institutional bond and loan investments, has raised over £909K on its Crowdcube, 180% over its original target, with days remaining. Originally offering 8.92% equity, WiseAlpha has taken it up a notch, offering 12.43%.  The… Read More

June 13, 2017 @ 4:16 am By Erin Hobey  |  

Global Debt Registry (GDR), the asset certainty company specializing in loan validation, announced NYC as its new headquarters as part of its overarching strategic growth initiative to be closer to the investor community. GDR also announced the addition of structured finance veteran Michael Koenitzer as Director of… Read More

June 12, 2017 @ 3:51 pm By Samantha Hurst  |  

Kickstarter and Indiegogo alum Knix Wear recently announced the launch of its new leakproof undies line, Knixteen, which is specifically targeted towards teen girls 12 years old and older. The company previously secured $1,551,287 from more than 19,000 backers through Kickstarter and Indiegogo campaigns for its 8-in-1 Evolution… Read More