General News

February 10, 2017 @ 3:22 pm By Samantha Hurst  |  

BNP Paribas, alongside its partner Plug and Play, announced on Friday they are launching a fintech and insurtech acceleration program in Paris. According to BNP Paribas, the three-month program will be held twice a year and offer 10 startups with the following services: Business plan… Read More

February 10, 2017 @ 2:13 pm By Samantha Hurst  |  

Innovate Finance, the independent membership organization representing UK’s global fintech sector, announced on Friday it has issued a Call for Input on the demand and feasibility of an Industry Sandbox in the UK.  The organization stated that the proposed Sandbox would enable startups, financial institutions,… Read More

February 10, 2017 @ 10:04 am By JD Alois  |  

Therese Torris, Senior Contributing Editor for Crowdfund Insider, recently visited the offices of Misys to discuss alternative finance. Misys is a large UK based financial services software provider offering solutions for retail and corporate banking along with capital markets applications.  Misys claims more than 2000… Read More

February 10, 2017 @ 8:39 am By Samantha Hurst  |  

UK-based Octopus Labs announced it celebrated the five fintech startups that participated in twelve-week accelerator program at The Gherkin in London. Nearly 200 fintech investors and financial advisers reportedly gathered to celebrate the program on Wednesday.  The twelve-week accelerator program, which was launched last year, saw Octopus support five… Read More

February 9, 2017 @ 7:00 pm By JD Alois  |  

FINRA, or the “Financial Industry Regulatory Authority”, is one of the most powerful financial regulators in the United States. It is also a private corporation that performs its duties as a “self-regulatory organization” (SRO). FINRA oversees the thousands of broker-dealers and other financial industry participants… Read More

February 9, 2017 @ 4:35 pm By Samantha Hurst  |  

Blockchain regtech startup, Coinfirm, announced on Wednesday it secured $700,000 from Luma Ventures during an ongoing seed round to continue its growth and development. Coinfirm has built a blockchain risk and compliance platform. The company’s platform notably brings transparency and security to its blockchain transaction… Read More

February 9, 2017 @ 2:46 pm By Samantha Hurst  |  

UK-based private equity firm, IW Capital, announced on Thursday the release of its 2017 investor index. This new report reveals the impact of 2016’s biggest events, which consists of Brexit, Donald Trump’s U.S. Presidential win, and Theresa May. According to IW Capital, the new research… Read More

February 9, 2017 @ 11:03 am By Samantha Hurst  |  

Biz2Credit announced on Thursday it has formed a partnership with Tradeshift to expand access to capital through a new platform app. According to Biz2Credit, companies that use Tradeshift will gain access to Biz2Credit’s small business lending marketplace through the app. Users will receive an instant… Read More

February 9, 2017 @ 10:31 am By Samantha Hurst  |  

NextGen Crowdfunding announced on Thursday the first round winners of its Crowdfunding Video Awards (CVAs), which recognizes the best pitch videos from both reward and equity crowdfunding campaigns. The company’s CVAs provides campaign organizers new ways to promote crowdfunding campaigns and products to backers as well as… Read More

February 9, 2017 @ 10:06 am By JD Alois  |  

The Deal from Beauhurst: Crowdfunding Platforms Emerge as True Alternative for Later Stage Finance The most recent edition of the Deal, published by Beauhurst, includes some disappointing news. According to the UK research house, investment in UK startups has dropped by the largest amount in… Read More

February 9, 2017 @ 7:00 am By Erin Hobey  |  

Float, a US fintech company that offers instant access to small dollar credit lines, launched today. Targeting thin-file millennials seeking more accessible and affordable credit, the LA-based company also announced that its $3M angel round raise from finance and tech industry veterans including Camp One Ventures, Funders… Read More

February 9, 2017 @ 6:46 am By Erin Hobey  |  

Bank regulatory bodies need to coordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco). The Iosco Research Report on Financial Technology highlights the growing intersection between fintech and securities markets across a number… Read More

February 9, 2017 @ 6:17 am By Erin Hobey  |  

Indian personal finance management apphttp://www.getwalnut.com Walnut has partnered with TechProcess Payment Services Ltd. (TPSL) to allow app users to freely transfer money across banks and cards. “Post demonetisation, number of digital payment transactions has risen up sharply in India,” commenting  Walnut CEO Amit Bhor. “We’re seeing a huge… Read More

February 9, 2017 @ 6:06 am By Erin Hobey  |  

Mobile payments and digital wallet firm MobiKwik is reportedly  in talks to raise funding that would give the startup a $1 billion valuation, forging new ties with banks and offering new financial services on its growing platform, according to multiple news sources. Potential investor parties and sought funding… Read More

February 8, 2017 @ 5:01 pm By Samantha Hurst  |  

Marketplace lender Lendio announced on Tuesday its 2016 fourth quarter and fiscal year reports, which revealed it helped facilitate more than $70 million in financing through its marketplace of more than 75 small business lenders during fourth quarter 2016, with more than 3,300 small businesses funded during… Read More

February 8, 2017 @ 3:26 pm By Samantha Hurst  |  

Bionics company that creates custom 3D printed gear, Wiivv, announced on Wednesday it not only raised $4 million in Series A funding, it also acquired eSoles, a custom insoles manufacturer. This news comes just one year after securing $235,054 from 2,765 backers through Kickstarter for its 3D printed insoles, BASE. According… Read More

February 8, 2017 @ 2:57 pm By JD Alois  |  

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) is scheduled to meet in Washington, DC next week at SEC HQ.  On the Committee’s agenda are two important issues: Secondary market liquidity for Regulation A Tier 2 and non-exchange listed companies and why companies are… Read More

February 8, 2017 @ 1:59 pm By Samantha Hurst  |  

On Wednesday, Naked Wines announced it raised more than £30,000 from 600 UK Angels for Bruno Lapierre’s Château Saint Hilaire Provence 2016. Naked Wines stated: “As a nation we are certainly not afraid to Drink Pink. Sales of Provence Rosé have been rising steadily for a number… Read More

February 8, 2017 @ 7:50 am By JD Alois  |  

Bond Mason: Over half of wealth managers would now recommend direct lending as an alternative to mainstream cash products. BondMason has published its Market Report 2017 reviewing the trends in the UK peer to peer lending market.  BondMason is a platform that provides investors a… Read More

February 7, 2017 @ 5:13 pm By Samantha Hurst  |  

On Tuesday, P2P lending platform Saving Stream announced its value of outstanding loan book grew by 126% during 2016. In its year review, Saving Stream stated over the last year, its outstanding loan book increased from approximately £73m in December 2015 to £165m in December… Read More