General News

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

London-based blockchain startup Tramonex as reportedly received the first approval from UK’s Financial Conduct Authority (FCA) to issue digital money. The company received the approval on January 25th and may now issue electronic money (e-money) and provide payment services. According to the FCA, Tramonex has… Read More

February 17, 2017 @ 2:31 pm By Samantha Hurst  |  

UK-based peer-to-peer lending platform Lending Works announced on Friday it has reopened the window for ISA contributions. The platform claimed it is the first P2PFA member to launch an Innovative Finance ISA (IFISA) last week and filled its first ISA tranche of £2.5 million within 24… Read More

February 17, 2017 @ 9:47 am By JD Alois  |  

Tech Coast Angels’ (TCA) ACE Fund II has announced a highly successful exit that was described as unique in three ways: the time to exit was very short (two years) the exit had a very high return (7.8x) the company was based in the heart… Read More

February 16, 2017 @ 9:24 pm By Georgia Quinn  |  

  First off, we all owe Tony a debt of gratitude for actually drafting this set of regulations. Legislative drafting is yeoman’s work especially when it comes to tax law. This new legislation solves for two extremely important problems in the U.S. economy and society…. Read More

February 16, 2017 @ 2:51 pm By Samantha Hurst  |  

The second annual Crowd Invest Summit West is set to be held on September 6th and 7th at the Los Angeles Convention Center. The event was notably developed with the vision that every  American, both accredited or non-accredited investors, may now be a venture capitalist. Returning sponsors include… Read More

February 16, 2017 @ 1:32 pm By Samantha Hurst  |  

Fintech company OpenFin announced on Thursday it has secured $15 million during its Series B funding round, which was led by J.P. Morgan, Euclid Opportunities, and Bain Capital Ventures. OpenFin describes itself as a financial industry common operating layer. The company enables rapid and secure… Read More

February 16, 2017 @ 12:04 pm By Samantha Hurst  |  

Global equity crowdfunding platform OurCrowd announced the top ten investment tech trends during its 2017 Global Investor Summit. The event attracted 6,000 guests from 82 countries. Also in attendance were more than 200 multinational corporations, which includes Honda, Innogy, GE, Shell, Intuit, Microsoft, and Samsung… Read More

February 16, 2017 @ 9:04 am By Samantha Hurst  |  

Australia’s Auswide Bank Ltd. (ASX:ABA) announced on Thursday it is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd. According to Auswide Bank, it will have a controlling interest of at least 51% in MoneyPlace with the potential to increase that interest up… Read More

February 16, 2017 @ 8:00 am By JD Alois  |  

SeedInvest, a leading equity crowdfunding platform, has revealed a new partnership with Jason Calacanis’ Launch Festival. Launch is said to be the largest startup event in the United States. Past headliners at Launch have included Mark Cuban, Paul Graham, Evan Williams, and Yves Behar. Calacanis is… Read More

February 16, 2017 @ 4:59 am By Erin Hobey  |  

According to student support organization College Board, published tuition fees for 2014/15 at state colleges are an average of $9,139 for state residents, and $22,958 for out-of-staters. $31,231 is the average tuition for private non-profit colleges, with Harvey Mudd College topping the list with $67,255…. Read More

February 16, 2017 @ 4:30 am By Erin Hobey  |  

 PayPal has gained ground  in the underbanked bill payment space by acquiring the North American processor TIO Networks for $233 million, according to a release. Founded in 1997 and still led by its CEO founder, Hamed Shahbazi, Vancouver-based TIO Networks serves underbanked customers utilizing an online and mobile… Read More

February 15, 2017 @ 11:05 pm By JD Alois  |  

  The Australian Fintech industry and Jobs for NSW have joined to launch new awards to celebrate the achievements of Australia’s financial technology pioneers. Deputy Premier and Minister for Regional NSW, Skills and Small Business, John Barilaro, stated that Jobs for NSW will provide $80,000… Read More

February 15, 2017 @ 5:02 pm By Samantha Hurst  |  

With the 2017 OurCrowd Global Investor Summit set to take place tomorrow (February 16th) at the International Convention Center (ICC), Binyenei HaUmah, the Israel-based crowdfunding platform announced that a total of 6,000 guests from 82 countries have registered for the upcoming event. This doubles the number of participants that attended the 2016… Read More

February 15, 2017 @ 3:38 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, Australian Centre for Financial Studies at Monash University and Tsinghua University Graduate School at Shenzhen have teamed up to launch the 2016-2017 Asia-Pacific Region Alternative Finance Industry Survey.  The consortium has gained the… Read More

February 15, 2017 @ 11:16 am By Samantha Hurst  |  

Royal Bank of Scotland’s NatWest announced it is set to launch its very own digital SME lending platform called Esme. The new platform is notably set to offer new and existing NatWest customers with unsecured loans that are worth up to £150,000 for a maximum… Read More

February 15, 2017 @ 9:17 am By Samantha Hurst  |  

Crossflow Payments, a tech-driven alternative finance platform delivering supply chain finance solutions, announced on Wednesday it has signed a deal with UK electronics retailer, Maplin Electronics. The company reports that the three-year deal will give it the opportunity to fund £360 million of SME payables. … Read More

February 14, 2017 @ 11:55 am By JD Alois  |  

Ohio is next on the list to consider intrastate crowdfunding legislation. If the current bill passes (HB 10), Ohio will join 30+ states that have already signed legislation into law that allows for raising capital online for businesses based in their states. Today, issuers have… Read More

February 14, 2017 @ 9:05 am By Samantha Hurst  |  

Marketplace for small business loans, Lendio, announced on Tuesday the results of its latest survey, which showed that small business owners’ perception of Trump’s presidency three weeks in is split. According to the survey, 56% of small business owners stated they believe the economy will… Read More

February 14, 2017 @ 6:44 am By Erin Hobey  |  

In the news again, Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to be a member partner of the industry working group, the Market Infrastructure Group, established by the London-based fintech company, EquiChain. The Group, comprising global industry & financial leaders,… Read More

February 14, 2017 @ 6:08 am By Erin Hobey  |  

Singapore-based fintech startup Bambu was the winner of the Best Early Stage Startup Award at Fintech Finals 2017 in Hong Kong last month. Other highlights from the Fintech Finals 2017 included Ayannah winning the overall title, Best in Show, while DarcMatter won for Best Growth… Read More