General News

February 9, 2016 @ 7:14 am By JD Alois  |  

The Achilles Macris, a former JP Morgan Chase executive and boss of the legendary London Whale, was hit with a £729,900 fine for “failing to be open and cooperative. The penalty was assessed by the Financial Conduct Authority (FCA).  Mark Steward, Director of Enforcement and… Read More

February 9, 2016 @ 6:06 am By Erin Hobey  |  

Switzerland’s potential as a European fintech hub is being damaged by lack of Government and bank support and a shortage of investment capital, according to a new report by Ernst & Young and Swiss Finance + Technology Association. Despite the advantages incurred by the country’s skilled… Read More

February 9, 2016 @ 5:43 am By Erin Hobey  |  

UK FinTech firm Hello Soda, headquartered in Manchester, has launched ‘Hello Soda Asia’, its new South East Asian venture. The new FinTech venture which gives the firm a strategic foothold in South East Asia, will operate out of Bangkok, Thailand and Singapore, and will specifically… Read More

February 9, 2016 @ 5:17 am By Erin Hobey  |  

NovitasPartners and FTCL, two UK boutique corporate finance firms specialising in the fintech sector, today announced their merger to meet the growing demand for corporate finance advisory services from clients within the payments, data, financial software, market infrastructure, business process outsourcing, and securities services subsections…. Read More

February 9, 2016 @ 5:06 am By Erin Hobey  |  

KPMG has acquired fintech platform Markets IT for an undisclosed sum, in an effort to expand its “big data” capability and help banking clients grapple with a barrage of regulatory change, according to the Financial Review. KPMG Australia CEO Gary Wingrove referred to the merger as a “timely… Read More

February 9, 2016 @ 4:11 am By Erin Hobey  |  

Bond Street, an online lending platform for small businesses, and Booker, an all-­in-­one local service commerce platform, today announced a partnership to provide fairly­priced lending capital to help facilitate the growth of companies on the Booker platform. “Bond Street shares Booker’s mission to minimize the… Read More

February 8, 2016 @ 2:23 pm By JD Alois  |  

It is inevitable that all forms of finance will eventually move online. The days of the bank branch are likely numbered. What Amazon is doing to oh, so many retailers, a growing legion of agile Fintech startups are revving up to do to traditional banks…. Read More

February 8, 2016 @ 2:20 pm By Samantha Hurst  |  

Offering up some advice to those looking to move to London’s famous neighborhood Notting Hill, Crowdcube #FundedClub member and storage company Lovespace has released a new moving guide for new or soon-to-be residents. The company, which was founded by Streetcar co-founder and entrepreneur Brett Akker, won the… Read More

February 8, 2016 @ 12:27 pm By Samantha Hurst  |  

On Monday, XTI Aircraft Company (XTI) representatives announced the loss of the company’s Vice Chairman Jeff Pino, who died in a plane crash on February 5th near Phoenix, Arizona. XTI founder and chairman David Brody shared: “There are no words to express the grief and sadness we… Read More

February 8, 2016 @ 10:07 am By Samantha Hurst  |  

Xignite, a provider of market data cloud solutions for financial institutions and financial technology companies, announced on Monday it has raised $20.5 million in a Series C funding round led by Tokyo-based QUICK Corporation, part of the Nikkei  Group and Japan’s largest financial information provider…. Read More

February 6, 2016 @ 12:55 pm By Catherine Pargeter, Analytics Manager, Orchard Platform  |  

After our show stopping success last year in using data on borrowers to predict the Super Bowl winner, we decided to for a second year of success, even if the Patriots did not.  Using the loan data from Lending Club over 2010-2015, we compared borrowers… Read More

February 6, 2016 @ 9:30 am By Samantha Hurst  |  

Crowdcube #FundedClub member Bellfield Brewery recently announced, nearly a year after the closing of the company’s equity crowdfunding campaign, it is officially moving into the production stage. As previously reported, the new craft brewery with a mission: to make Gluten Free (GF) beers and lagers that taste… Read More

February 5, 2016 @ 4:38 pm By Samantha Hurst  |  

With Indiegogo success Miles Ahead set to hit theaters this spring, actor Don Cheadle sat down with Entertainment Weekly to discuss his role as Miles Davis. While discussing his history with Miles Davis’ music, Cheadle stated: “He was someone that my parents listened to. The music… Read More

February 5, 2016 @ 3:09 pm By Samantha Hurst  |  

Earlier this week, global venture capital seed fund and startup accelerator, 500 Startups, announced that six companies have joined its London Distro Dojo program. Among the six was Seedrs success and creative shopping app, Fy. According to Venture Beat, 500 Startups announced in December that it would begin… Read More

February 5, 2016 @ 2:12 pm By Samantha Hurst  |  

On Friday, marketplace for small business loans, Fundera, released its two-year anniversary report. This document revealed the company’s growth to date. Since launch, Fundera has facilitated approximately 2,200 loans totaling over $115 million in funding to small businesses. At this time last year, the website has… Read More

February 4, 2016 @ 4:28 pm By Samantha Hurst  |  

Money360, a commercial real estate online marketplace lending platform, today announced a strategic relationship with Millennium Alternative Investment Network (MAIN), an efficient end-to-end solution that offers investors access to an increasing range of alternative investments. Starting this year, accredited investors will be able to access… Read More

February 4, 2016 @ 4:14 pm By Samantha Hurst  |  

Earlier this week, platform for small business loans OnDeck announced it has added former chief financial officer of E*Trade, Bruce Nolop, to its Board of Directors. Nolop currently holds board positions with Marsh & McLennan Companies, Inc., a global professional services firm; TEGNA Inc., a broadcast and… Read More

February 4, 2016 @ 3:29 pm By JD Alois  |  

COIN, the one card to rule them all, has been slapped with a class action lawsuit filed by Kronenberger Rosenfeld, a San Francisco-based law firm that specializes in internet, tech and media law.  The suit was filed against COIN alleging they “knowingly marketed a defective product”…. Read More

February 4, 2016 @ 10:02 am By JD Alois  |  

FitPay has announced the closing of $3.1  million in seed funding led by Giesecke & Devrient (G&D). FitPay was founded by payment industry veterans Michael Orlando, Scott Stevelinck and Chris Orlando. Th co-founders have worked at companies like Visa and CyberSource.  G&D is a supplier of mobile… Read More

February 4, 2016 @ 6:00 am By Erin Hobey  |  

Indonesia’s Financial Services Authority (FSA), which regulates the banking and non-banking sector, is working with the Ministry of Communications and Information to bring out regulations governing online startup companies offering financial services, popularly referred to as fintech, reported DealStreetAsia. Indonesia is Southeast Asia’s largest economy (US$890B).  The new regulation will… Read More