Global

We find Fintech news from around the world and share it with you here.

Digital Banking App Monese Is Now Offering Joint Accounts to Customers in the UK

Online banking app provider Monese is now offering joint accounts to clients in the UK and the European Economic Area. Customers that need a shared account to manage their finances will have the option to open new accounts with friends, their partners, and roommates and… Read More

EU: No “Stablecoin” Cryptocurrency Should Operate in Europe Until Risks Addressed

The Council of the European Union, which implements laws for the EU region, has issued a statement on “stablecoin” cryptocurrencies indicating that, “no global ‘stablecoin’…should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and… Read More

So Far, Not a Single ICO has been White-Listed by the Autorite des Marches in France

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

Mexican Challenger Bank Fondeadora Secures $2.5 Million in Investments from IGNIA Partners, LW Investment Management, Others

IGNIA Partners, LW Investment Management, and several angel investors are backing a Mexican challenger bank, called Fondeadora, via a recent $2.5 million investment. This is Fondeadora’s second investment round in 2019. Earlier this year, the banking challenger secured $1.5 million and has now raised a… Read More

CrowdProperty Reports that £20 Million has Been Returned to Investors with 100% Track Record of Capital & Interest Paid

Property investment platform CrowdProperty has topped £20,000,000 in capital returned during 5 years of lending, according to an email from the company. CrowdProperty states that since platform launch, approximately £55 million has been lent which has helped to finance over £130 million of property and… Read More

Online Lender October Signs United Nation’s Principles for Responsible Investing

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

Australian Digital Transformation Firm Ecocentric Secures A$3.6 Million from Nearly 180 Investors via its OnMarket Equity Crowdfunding Campaign

Australians are supporting a new technology that tracks energy use. The project has reportedly raised around half a million dollars in just days after its equity crowdfunding campaign was launched. Ecocentric, a digital transformation company, has acquired more than A$3.6 million from nearly 180 different… Read More

Landbay Exits P2P Lending as Institutional Money Takes Over

Yesterday in a blog post, Landbay founder and CEO John Goodall announced that his property crowdfunding platform will no longer serve as a peer to peer lender as institutional money has taken over. Landbay said that a UK bank will now handle the current retail… Read More

UK’s OakNorth Bank Finalizes £8 Million Deal to Finance Share Repurchase of Security Plus, a Major Indepdent Volume Cash Carrier

UK’s OakNorth Bank, which is run by OakNorth, has finalized a deal worth £8 million (appr. $10.5 million) to finance a share repurchase for shareholders of Security Plus, Europe’s leading independent volume cash carrier. Established in 1977, Security Plus currently manages around 3,500 live contracts…. Read More

Report: the Banque of France will Begin Testing a Central Bank Digital Currency in 2020

The French France

The Banque of France will begin testing a Central Bank Digital Currency (or CBDC) in 2020, according to a report in Les Echos – the leading business publication of France. Quoting François Villeroy de Galhau, the Governor of the Banque of France, who was speaking… Read More

STO: Greyp Bikes Closes Blockchain Managed IPO on Neufund Raising €1.4 Million

Neufund, a Berlin-based investment platform, has successfully closed the offering of e-mobility company, Greyp Bikes raising €1.4 million. Greyp, an eBike creator and a spinoff from Rimac Automobili, launched the security token offering in September. Greyp claims to be the “future of mobility” and the… Read More

Proptech: Track, a Property Manager for Homeowners, has Raised Nearly £160,000 of its £250,000 Fundraising Target on Seedrs

A real estate business that received the backing of Property Innovation (Pi) Labs, a leading Proptech VC, is raising equity capital through crowdfunding. Track, which serves as a property and fund manager for homeowners, is raising £250,000 (appr. $328,000) on Seedrs for 11% of company… Read More

UK: New Peer to Peer Lending Rules Kick in on December 9th: “A Watershed Moment for P2P”

New peer to peer lending rules come into effect on Monday, December 9th. The new rules were the result of a review by the UK Financial Conduct Authority (FCA). The UK largely created the entire sector of peer to peer lending. One of the most… Read More

Huobi Crypto Exchange Hosting China Government-Sanctioned Blockchain Event

Huobi, one of a few cryptocurrency and online lending businesses in China to have survived a recent “rectification” spree, will be hosting an International Cooperation Forum on Digital Economy and Blockchain on the island of Hainan December 5th and 6th. The “state-sanctioned event,” says Huobi,… Read More

Insurtech: Insurance Technology is Transforming how Real-Time and Predictive Data are Captured and used to Develop Products

Investments in the Insurtech industry have been increasing rapidly. They’ve grown from around $140 million in 2011 to about $4.9 billion as of 2018. QBE North America, an integrated specialist insurer that’s part of QBE Insurance Group Ltd, one of the world’s largest insurance providers,… Read More

Kapilendo is Issuing its First Digital Bond Using Stellar Blockchain

“Banking partner for SMEs” Kapilendo is issuing its first blockchain-based digital bond. According to the Germany based crowdfunding platform, FR L’Osteria SE, a “gastronomy concept” is issuing a tokenized bond using blockchain tech. Kapilendo is a debt-based crowdfunding platform that caters to Mittelstand companies by… Read More

Former European Central Bank Chief: “I am Strongly Against Bitcoin…We are a Little Complacent”

The former president of the European Central Bank, Jean-Claude Trichet, told an audience at Caixin’s conference in Beijing last month that he doesn’t think cryptocurrencies should replace standard ones, South China Morning Post reports. “I have great doubts of keeping control of monetary value in… Read More

Where Theranos Failed, OurCrowd Portfolio Company Sight Diagnostics Succeeds as FDA Clears Finger-Prick Blood Test

We all know the story of Elizabeth Holmes and the demise of Theranos, a company that claimed to have created a device that could provide fast and efficient blood tests. Theranos ended being a company based on hubris, imagination, and vapor. It eventually collapsed being… Read More

UK-based Firm Fronted Is Preparing to Launch in 2020 with a Fintech Product to Help Renters Finance their Deposits

UK-based Fronted, a new company that plans to make renting easier for people, is preparing to launch in 2020 with a Fintech product that has been designed to help renters finance their deposits. The company, called Fronted, has been established by Jamie Campbell, former commercial… Read More

Former Morgan Stanley Executives Plan Launch of Crypto Derivatives Exchange Phemex

A group of former Morgan Stanley executives is launching a crypto derivatives exchange in a move to rival the CME. Phemex, a trading platform that claims to be able to manage 300,000 TPS, is said to be on par with the technical capabilities of the… Read More

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