General News

December 22, 2016 @ 7:23 am By Jessica Pham  |  

During the first half of 2016, regulators feared that Fintech would become all too powerful.  Then, in November, they concluded that the Fintech sector was not threatening.  At the cusp of 2017, it also appears that other observers have concluded that the FIintech boom is… Read More

December 21, 2016 @ 4:05 pm By Samantha Hurst  |  

Last week, Malaysia’s largest bank, Maybank, announced it is expecting Maybank Samsung Pay to boost the number of customers using contactless payments among its cardholders by at least 100% by end 2017. The Maybank Pay launched in Malaysia this summer and already received nearly 40,000 installations… Read More

December 21, 2016 @ 3:23 pm By Samantha Hurst  |  

WorldRemit’s expansion plans continue. Less than a week after announcing it was expanding into Russia, Ethiopia, Uganda, Western/Central Africa and Pakistan, the digital money transfer service announced it was launching a new cash pick up service in Lebanon. Through its app or website, WorldRemit’s users in more… Read More

December 21, 2016 @ 2:09 pm By Samantha Hurst  |  

Cardlay, a front-end card management platform and cardholder application based in Denmark, announced it secured $4 million from a group of private investors during a funding round. The company stated it now form partnerships with banks to serve as a front-end platform and will assist… Read More

December 21, 2016 @ 11:16 am By Samantha Hurst  |  

Peer-to-peer lender ThinCats announced on Wednesday it appointed Jill Sandford and Damon Walford to the board of directors. According to the lender, both Sandford and Walford will be responsible for driving business growth, with a specific focus on originating loans and broadening the platform’s network… Read More

December 20, 2016 @ 12:31 pm By Samantha Hurst  |  

Following the news that BlueVine secured $49 million during its Series D funding round, the fintech startup announced it was launching a new scholarship program specifically for young entrepreneurs. The company stated its Young Entrepreneurs Scholarship program aims to motivate and support aspiring business owners… Read More

December 20, 2016 @ 6:29 am By Erin Hobey  |  

This time of year is a natural time of reflection for most, and the fintech industry isn’t an exception.  This week SyndicateRoom co-founder Tom Britton posted his year review comments, summarizing 2016 as a year of radical change, “politically, economically and socially.” “Brexit, Trump, the Italian… Read More

December 20, 2016 @ 5:49 am By Erin Hobey  |  

In the last five days WorldRemit announced expansion into Russia, Ethiopia, Uganda and Western and Central Africa. Add Pakistan to the list. WorldRemit is on fire! The digital money transfer service today announced a partnership with global money transfer brand Xpress Money to open up new… Read More

December 20, 2016 @ 5:17 am By Erin Hobey  |  

PrimaryBid, an online crowdfunding platform that enables investors to gain access to equity capital raises of AIM-listed companies, has facilitated £30 million in crowdfunding during 2016. In its first year of operation, since the formal launch in March 2016, the platform has undertaken 14 crowdfunding transactions for publicly quoted… Read More

December 20, 2016 @ 5:03 am By Erin Hobey  |  

“India has seen a spectacular growth in the alternative investment market. Numerous HNI Investors have been putting money into Alternative Investment Funds (AIFs) for the past 3 years,” assessed Association of International Wealth Management of India CEO Aditya Gadge. ah! Ventures, aiming to be a major player… Read More

December 19, 2016 @ 5:20 pm By Jessica Pham  |  

Iowa is aiming to become the Most Connected State in the Midwest as Governor Terry Branstad and Lieutenant Governor Kim Reynolds announced a crowdsourced project to provide broader access to broadband.  The Blue Ribbon Initiative will be a private-public partnership that aims to raise $2… Read More

December 19, 2016 @ 1:00 pm By JD Alois  |  

Crowdfunding Beat Media has announced its intent to host multiple crowdfunding focused events during 2017.  Crowdfunding Beat will kick off with an event in New York City this coming January 24th with the “State of Investing and Risk Mitigation through Crowdfunding” and then continue with conferences… Read More

December 19, 2016 @ 10:08 am By Samantha Hurst  |  

Yirendai (NYSE: YRD) announced on Monday it appointed Chaomei Chen as an independent director. Chen has reportedly been part of the Chinese marketplace lender’s Advisory Committee since January 2016 and been providing strategic advice and insight to the senior management team on a range of issues such… Read More

December 19, 2016 @ 7:25 am By Samantha Hurst  |  

On Monday, RateSetter announced it appointed Michael Hoare as its new Head of Risk Analytics and Retail Credit. Hoare notably joins from PayPal UK, where he was Chief Credit Risk Officer. Prior to PayPal UK, Hoare also worked at Capital One, where he held various positions… Read More

December 19, 2016 @ 6:47 am By Erin Hobey  |  

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astrolabs invites early-stage start-up businesses to pitch and win a place at the World’s largest… Read More

December 19, 2016 @ 6:22 am By Erin Hobey  |  

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group for a total consideration of €29M payable in cash on completion, subject to a completion accounts adjustment. The total consideration… Read More

December 19, 2016 @ 4:59 am By Erin Hobey  |  

The Ukrainian government announced on Sunday that it will nationalize the country’s leading lender PrivatBank. In a statement given on Sunday evening, the government promised a stable transition and the smooth functioning of the bank. The Finance Ministry will take over PrivatBank, controlled by oligarch Ihor Kolomoisky. Finance Minister… Read More

December 18, 2016 @ 10:00 am By Jessica Pham  |  

Abundance Investment (formerly AbundanceGeneration) has been partnering with Swindon Chapel Farm Solar since early last month to offer individuals a way to invest in renewable energy.  The Innovative Finance ISA (IFISA) option also offers folks looking for an alternative savings account an option to earn higher… Read More

December 17, 2016 @ 9:45 am By Samantha Hurst  |  

On Friday, UK-based Crowdcube unveiled its latest infographic that shared details about its equity crowdfunding platform’s key highlights over the past five years. Crowdcube describes itself as a leading equity crowdfunding platform for both entrepreneurs of start-ups and growing businesses to connect with potential investors…. Read More

December 16, 2016 @ 5:11 pm By Samantha Hurst  |  

On Thursday, marketplace lending platform Prosper announced the winners of the 2016 #MyProsperStory Contest, which was dedicated to individuals who have utilized their platform to regain control of their personal finances. As previously reported, participants of the contest simply emailed a photo with a brief explanation as… Read More