General News

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

February 7, 2017 @ 4:12 pm By Samantha Hurst  |  

On Tuesday, banking giant Citi has teamed up with IBM and its other allies to launch the Citi Tech for Integrity Challenge (T4I), which is described as a program that seeks to encourage technology innovators from around the globe to create solutions to promote integrity, accountability,… Read More

February 7, 2017 @ 10:45 am By Samantha Hurst  |  

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

February 7, 2017 @ 9:53 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Tuesday it teamed up with payment system CONTACT to launch instant money transfers in Ukraine, Armenia, Belarus, and Kazakhstan. According to WorldRemit, customers from more than 50 countries can use its app or website to send instant, secure money transfers to… Read More

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

Citizens Commercial Banking is now partnering with Opportunity Network to help their clients gain access to the innovative business-to-business networking platform. Opportunity Network is a community of 13,500 CEOs and approximately $35 billion of deal flow. It is a business matchmaking platform where members can find… Read More

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

Up and running in just four weeks, Moven’s new UK self-monitoring finance app was announced at this year’s FinovateEurope. The company is currently establishing additional partnerships across Europe, eager to plan more speedy launches across the continent in the near future. The app provides a consolidated view of users’ financial information… Read More

February 7, 2017 @ 6:56 am By Erin Hobey  |  

Cryptography and cybersecurity studies are not just for college and graduate students. iD Tech, a leading STEM camp provider for kids and teens nationwide, has launched a Cryptography & Cybersecurity course for teens at four iD Tech Camps locations in the D.C. area. The summer course teaches students the… Read More

February 7, 2017 @ 6:35 am By Erin Hobey  |  

Lending startup SlicePay has bought Delhi-based P2P lending platform Trustio in an all equity deal which the former hopes will strengthen its team, product portfolio and infrastructure. Trustio, launched last year, enables alumni of a select number of colleges access to short-term credit sourced from their… Read More

February 7, 2017 @ 6:21 am By Erin Hobey  |  

LOVE Turntable Inc.’s Kickstarter campaign is still going strong with the help of 1026 backers and counting, having raised over $346,870 since launching late last week.   The startup surpassed its goal within hours of launching its Kickstarter campaign which brings its smartphone-controlled turntable to market. Funding from the campaign will aid in… Read More

February 7, 2017 @ 6:01 am By Erin Hobey  |  

Anova Applied Electronics, Inc. announced its entering into an agreement to be acquired by global appliance company Electrolux (ELUX-B) for $115 million in cash up front and an additional $135 million, subject to adjustments and the achievement of certain financial objectives. “Our vision has always been… Read More

February 6, 2017 @ 2:54 pm By Samantha Hurst  |  

Blockchain project Chronobank announced on Sunday it has officially joined national Australia Fintech Industry Association, also known as Fintech Australia. FinTech Australia, which was founded in October 2015, has more than 70 startups, venture capital funds, hubs, and accelerators throughout Australia that specialize in fintech that… Read More