Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

Seedcamp Closes Fund IV at £60M, Collaborates with Seedrs to Provide Access to Retail Investors

Seedcamp, the leading European seed investor, has announced the close of a £60 million fund that has the backing of over 100 Seedcamp founders, angels and mentors. The fund also includes contributions of £2 million via a collaboration with crowdfunding platform Seedrs. The Seedrs partnership… Read More

SingularityNET and AI Decentralized Create New Industry Group: the Decentralized AI Alliance

SingularityNET and AI Decentralized have announced a new group: DAIA or the Decentralized AI Alliance. DAIA is said to be an open industry alliance aimed at fostering the development of decentralized AI technologies. SingularityNET is a decentralized platform and marketplace for AIs, lead by AGI… Read More

Decentralized Gamer Playkey Buys Back PKT on HitBTC, Plans Next Steps

During May 29 and 29 June, decentralized gaming platform Playkey plans to buy back the PKT token on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, the platform believes that the rate shouldn’t exceed $1.24 per PKT. During the… Read More

CEO Daniel Oliver Opines: Spanish Biotech Platform Capital Cell’s Crowdfunding Round & Blockchain Opportunities

Capital Cell recently launched a new self-funding fundraising round to create the first ICO marketplace for health via Blockchain. Seeking to raise €700,000, the Barcelona-based platform has already secured over €882,400 from more than 178 investors. The platform was pre-valued at €5,550,000. “We launched the funding round… Read More

P2P Lender Faircent.com Receives NBFC-P2P Certification from Reserve Bank of India

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

AI Powered Online Lending Marketplace Lending Express Receives $2.7 Million Seed Round

Lending Express, an AI-powered platform for business loans, is reporting it has received a $2.7 million seed round led by Entrée Capital, iAngels, and existing investors. The new money will be used to scale operations in both the US and Australia. “We are proud to… Read More

Crowdcube Launches Flags Feature to Help Investors Identify Global Investment Opportunities

On Tuesday, UK-based equity crowdfunding platform Crowdcube announced it was introducing the feature “Flags” to help investors identify global investments opportunities that are live on its portal. Crowdcube reported that it wants investors to be able to diversify their portfolio geographically and the feature will… Read More

Downing Announces £1.6 Billion Electric Vehicle Grid Partnership, Investment to be Offered on Downing Crowd Later in 2018

Downing LLP has announced a funding partnership with Pivot Power to help financing a network of rapid EV charing stations and grid-connected batteries. Described as a “world first,” Downing will provide a key investment in the initial stage of 2GW network charging stations across the UK…. Read More

FinTech Hive at DIFC Opens Applications For 2018 Accelerator Program

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced over the weekend that it is now accepting applications for its 2018 program, kicking off a competitive search for the top fintech and insurtech innovators in the region…. Read More

UK Cryptotassets Taskforce Meets to Discuss Impact, Benefits & if New Regulation is Necessary for DLT in Financial Services

Today was the first meeting of the UK Cryptoassets Taskforce. The previously announced group involves the participation of the Financial Conduct Authority (FCA), Bank of England (BoE), HM Treasury and other Senior government officials. Some of the named participants include, Katharine Braddick, Director General of… Read More

Prestigious UCL University Cuts Ties with IOTA After Legal Attack on Researcher

University College London, the third largest university in England, has ended its association with the IOTA Foundation after IOTA co-founder Sergey Ivancheglo threatened legal action against a researcher at Boston University. “UCL Centre for Blockchain Technologies is no longer associated with the IOTA Foundation. In… Read More

Cryptocurrency Scams: Australian Competition & Consumer Commission Reports Sees Increase at End of 2017

The Australian Competition & Consumer Commission (ACCC) has published their 9th annual report on scam activity in Australia.  As one may expect, investment scams posted the highest amount of loss in 2017 with reports to “Scamwatch” and ACORN exceeding $64.6 million (Dating and romance scams’ were… Read More

French Crowdfunding Sector Boasts 96% Customer Satisfaction

  A consumer survey reveals that the penetration of crowdfunding in France is still quite low. However, consumers have a very positive image of crowdfunding, one that remains close to its historical root values of innovation, democratization of access to financing, transparency, and economic /… Read More

Zimbabwe’s Central Bank Bans Cryptocurrencies- 60 Days to Comply

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to cease trading, holding and transacting cryptocurrencies and to, “exit any existing relationships with virtual currency exchanges within sixty days.” According to Quartz Africa, Zimbabweans have been using Bitcoin and other cryptocurrencies… Read More

Cryptocurrency Laws Winding Through Russian Assembly Now – Terms Clarified

Russian Prime Minister Dmitry Medvedev has spoken publicly about how draft laws winding their way now through the Russian parliament will define cryptocurrencies and tokens. Bitcoin.com reports that Medvedev recently told an audience at a plenary session of the St. Petersburg International Legal Forum: “We need… Read More

China: WeiyangX Fintech Review

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

Sugru Disappoints as Crowdfunded Company is Sold at Significant Loss to Investors

Sugru, a high profile consumer product company that crowdfunded on Crowdcube, has been sold at a significant loss to early investors. Sugru raised over £4 million in several crowdfunding campaigns on the platform. The most recent being in 2017 when a 4.62% equity stake was… Read More

Republic Updates on Reg CF Progress, Partners with Jason Calacanis on Launch Festival in Sydney, Australia

Republic, a mission driven investment crowdfunding platform that enables companies to raise money by selling securities including initial coin offerings, has provided an update on their progress. Shared on the 2 year anniversary of when Reg CF became actionable, Republic shares the following stats: To… Read More

Head of French Regulator AMF Comments on Crytpo Asset Losses, Throws Shade at Madrid Football Team Due to Crypto Sponsor

The Autorité des Marchés Financiers (AMF) released its annual report this past week. As part of the release, Chairman of the AMF Robert Ophèle delivered a speech highlighting important issues and challenges within the financial markets. During his speech, Ophèle commented on “toxic investments.” While first addressing binary… Read More

President of St Louis Fed, James Bullard, Critiques the Economics of a Glut of Cryptocurrencies

    In a morning talk Monday at the massive cryptocurrency conference Consensus, economist James Bullard, President and CEO of the Federal Reserve Bank of St. Louis, challenged the vision of a muliti-coin paradise espoused by ICO (Initial Coin Offering) marketers. His thesis in a… Read More