General News

May 12, 2017 @ 8:29 am By JD Alois  |  

The Financial Conduct Authority (FCA) has signed a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong. The intent of the agreement is to encourage collaboration that supports Fintech innovation. According to the document, the FCA and SFC will co-operate on information… Read More

May 12, 2017 @ 7:51 am By Erin Hobey  |  

Paytm is now in talks with SoftBank to raise up to $1.9 billion in fresh funding, hiking its value to a cool $8 billion or more, according to multiple new sources. Paytm counts over 218 million wallet users; last month alone Paytm clocked 255 million transactions.  Founded… Read More

May 12, 2017 @ 6:56 am By Erin Hobey  |  

It’s been a busy few weeks for the Flexiti Financial team, having added its first Advisory Board Members, Diane Brisebois and Rick Padulo last month. The Toronto-based a provider of point-of-sale financing and payment technology for retailers, announced the appointment of Jerome Peeters as Chief Operating Officer (COO) and… Read More

May 12, 2017 @ 3:15 am By Erin Hobey  |  

Ameria, a German tech company which develops digital marketing and sales solutions for companies including HARIBO, MediaSaturn and Porsche has easily surpassed its original 700€K crowdfunding goal Companisto. Valued at 22,500,000€, Ameria has raked in over 1,380,904€ for 3.02% share offered. More than 851 investors have contributed to the… Read More

May 11, 2017 @ 2:24 pm By Samantha Hurst  |  

On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares (“ADSs”) from China Rapid Finance to cover over-allotments. According to… Read More

May 11, 2017 @ 12:58 pm By Samantha Hurst  |  

Innovate Finance, the membership association for global fintech, announced on Thursday it sought support from UK Government, as well as political parties across the spectrum, for its Fintech Election Pledge. While sharing details about the Fintech Election Pledge initiative, Innovate Finance stated: “The United Kingdom’s digital… Read More

May 11, 2017 @ 11:42 am By Samantha Hurst  |  

Real estate marketplace lending platform RealtyShares announced on Thursday that Edward Forst, former president and CEO of Cushman & Wakefield, was named the newest member of the company’s board of directors. According to RealtyShares, Forst oversaw 16,000 real estate professionals in 60 countries at Cushman & Wakefield. He joined… Read More

May 11, 2017 @ 10:31 am By Samantha Hurst  |  

On Thursday, fintech firm FIS (NYSE: FIS), with The Venture Center, announced ten startups have been selected to participate in the 2017 VC FinTech Accelerator program. The selected companies will notably participate in a 12-week program that is designed to accelerate the development of their… Read More

May 11, 2017 @ 10:25 am By JD Alois  |  

Beauhurst is out with a quarterly report on the status of equity crowdfunding in the UK. According to their numbers, the first quarter of 2017 saw 82 deals raise in excess of £47 million.  How does this compare versus year prior quarter? Good question. It… Read More

May 11, 2017 @ 10:19 am By Samantha Hurst  |  

Digital asset-based lender InterNex Capital (InterNex) announced on Thursday it secured $3.95 million during its recent oversubscribed seed funding round. Founded in May 2015 by former GE Capital senior executives and fintech experts, InterNex’s digital lending platform notably offers small and mid-sized businesses an optimized… Read More

May 11, 2017 @ 9:27 am By Samantha Hurst  |  

Swiss fintech firm Lykke announced on Thursday it has appointed Nick Gogerty as its new chief strategist. According to Lykke,  Gogerty is the founder of SolarCoin, a token that represents kilowatt-hours of solar energy that can be traded on the Lykke exchange. He also co-founded and… Read More

May 11, 2017 @ 6:29 am By Erin Hobey  |  

CBien, a European digital asset management platform located in Paris, Nantes and Hamburg and recent Startupbootcamp InsurTech alum, has raised €8 million from its existing shareholders MAIF, MACIF and 5M Ventures. Funding from this second raise will be used to finance CBien’s visibility in France, its international… Read More

May 11, 2017 @ 6:10 am By Erin Hobey  |  

Waves Platform, a decentralized crowdfunding platform developed in Russia, is now available in the Microsoft Azure Blockchain as a Service cloud (BaaS). With Waves integrated in BaaS, developers are getting vast opportunities for offering a wide range of blockchain solutions. “We welcome the integration of… Read More

May 11, 2017 @ 4:58 am By Erin Hobey  |  

In honor of its seventh birthday, GoFundMe reached out seven of its top organizers for advice for running a great campaign. Here’s what they shared: 1. Push past the nervousness. “Take action on the things that make you afraid — it’s an opportunity for the biggest reward. ” Campaign… Read More

May 11, 2017 @ 4:34 am By Erin Hobey  |  

Cobalt, the FX post-trade processing network based on distributed ledger technology, today announced that Citadel Securities, a global market-maker across FX, fixed income, equities, ETFs and options, and XTX Markets, a leading quantitative-driven electronic market-maker, have signed up as Cobalt launch participants. Cobalt’s FX solution, set… Read More

May 10, 2017 @ 4:52 pm By Samantha Hurst  |  

Kroll Bond Rating Agency (KBRA) announced on Tuesday it has assigned preliminary ratings to one class of notes issued by SoFi Consumer Loan Program 2017-3 LLC (“SCLP 2017-3”). According to the firm,  this was a $530 million consumer loan ABS transaction that is closing on… Read More

May 10, 2017 @ 12:23 pm By Samantha Hurst  |  

BNP Paribas -Plug and Play announced on Tuesday it is partnering with Paris-based startup campus, Station F, to host its upcoming fintech/insurtech accelerator program. According to the organizations, the new partnership will provide a venue for the program. While sharing details about the upcoming program launch, Roxanne… Read More

May 10, 2017 @ 12:01 pm By Samantha Hurst  |  

Finland-based equity crowdfunding platform Invesdor announced on Wednesday that €30 million has been invested through its funding portal. This news comes just a few months after Invesdor revealed €25 million was invested on its website. “We are very happy to announce that we just reached the… Read More

May 10, 2017 @ 11:48 am By JD Alois  |  

At the SEC’s meeting of the Advisory Committee on Small and Emerging Companies (ACSEC), a presentation was delivered on the slowdown in US IPOs and what could possibly be done to increase the moribund IPO market. In the past ten years, the number of public… Read More

May 10, 2017 @ 10:27 am By Samantha Hurst  |  

KPMG International announced on Wednesday it has acquired Matchi, a global fintech innovation and matchmaking platform that connects financial institutions, including banks and insurance companies, with leading-edge financial services technology solutions and companies worldwide. According to KPMG, the Matchi platform includes over 700 curated fintech solutions… Read More