Global

August 27, 2020 @ 10:53 am By JD Alois  |  

The district court of Munich has opened the insolvency proceedings regarding the assets of Wirecard (WDI:DE), which were applied for on June 25, 2020, according to a note from the company. The current preliminary insolvency administrator Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte… Read More

August 27, 2020 @ 8:36 am By JD Alois  |  

As part of its ongoing mission to scale and add new services while providing a robust online capital formation platform, Seedrs has launched its “Seedrs Angel Network” and affiliated Angel Investor deal room. According to a Tweet, the new platform is to provide Angel Syndicates… Read More

August 27, 2020 @ 7:58 am By JD Alois  |  

HM Government of Gibraltar has issued a statement welcoming Gibraltar-domiciled company INX, a digital securities issuer that is kicking off its security token offering this week.  Gibraltar is a self-governing and self-financing democracy that is a British Overseas Territory. The country has targeted the digital… Read More

August 27, 2020 @ 7:21 am By Omar Faridi  |  

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

August 27, 2020 @ 7:00 am By Omar Faridi  |  

We recently caught up with Yann Murciano, CEO at Blend Network, an online peer to peer (P2P) property lending platform. Murciano discussed how he believes P2P lending has democratized investing for millions of investors. Blend Network connects lenders directly with borrowers. Lenders are able to… Read More

August 26, 2020 @ 11:34 pm By Omar Faridi  |  

Australia-based Fintech firm Credit Clear has reportedly asked investors to value it at around 6x its historical revenue for its planned or upcoming initial public offering (IPO). Bell Potter, the firm’s broker, shared the new terms with clients on August 25, 2020. As first reported… Read More

August 26, 2020 @ 11:29 pm By Omar Faridi  |  

Australian Stock Exchange (ASX) listed Fintech firm 9Spokes International (ASX:9SP) is reportedly planning to secure new investments. 9Spokes aims to use the funds to grow its customer base,  by providing various software-as-a-service (SaaS) solutions.. The Fintech company announced its fundraising plans on August 26, 2020…. Read More

August 26, 2020 @ 5:51 pm By Omar Faridi  |  

The decentralized finance (DeFi) space is growing rapidly. Oracle protocols like Chainlink, BAND and Gravity have experienced a significant increase in adoption in a cryptocurrency market that’s still highly speculative and plagued by market manipulative and wash trading. Fetch.ai, an open-access machine learning network established… Read More

August 26, 2020 @ 5:27 pm By Omar Faridi  |  

  Central America is home to many Fintech firms such as Cuanto, Sube, and Klap which specialize in online payments. There’s also Adelantos and Vana which focus on personal credit. Central America based Fintech firms Omni and Cuscatalan are part of the region’s banking sector…. Read More

August 26, 2020 @ 2:44 pm By Samantha Hurst  |  

Trustly, a Sweden-based online banking payments platform, announced on Wednesday it has expanded its services to Australia and Canada. Founded in 2008, Trustly claims its account-to-account network bypasses the card networks, letting consumers make fast, simple, and secure payments to merchants directly from their online… Read More

August 26, 2020 @ 10:16 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has formed a partnership with global payments network Thunes to enable customers to send money directly to mobile wallets and bank accounts globally through its platform. According to MoneyGram, the collaboration will see additional… Read More

August 26, 2020 @ 8:59 am By JD Alois  |  

In partnership with Abundance Investment, Warrington Borough Council is raising £1 million via a Community Municipal Investment (CMI), as part of an effort to beat the UK government’s 2050 net-zero target by a full 20 years, according to a note from the crowdfunding platform. Abundance… Read More

August 26, 2020 @ 8:01 am By JD Alois  |  

Wirex, a UK-based Fintech, has announced a partnership with Railsbank to provide Wirex cards in the APAC region. The move is emblematic of the rapid shift away from Wirecard (WDI:DE) a German Fintech now in bankruptcy proceedings. Wirex also facilitates cryptocurrency payments. Railsbank is a… Read More

August 26, 2020 @ 7:35 am By Omar Faridi  |  

Brooklyn, New York based ConsenSys, a blockchain software company focused on Ethereum (ETH) development, has acquired JPMorgan’s (NYSE: JPM) Quorum, which aims to serve as an enterprise-variant or version of the Ethereum protocol. As mentioned in a release shared with CI, even before the first… Read More

August 26, 2020 @ 7:27 am By Omar Faridi  |  

Our attitude or approach towards cryptocurrency investments are determined by our understanding or knowledge of basic financial concepts (financial literacy) and our ability to assess the potential risks involved with investing in Bitcoin (BTC) and other digital assets. This, according to researchers Georgios Panos and… Read More

August 25, 2020 @ 10:58 pm By Omar Faridi  |  

Radix DLT Ltd, the developer of a “high-throughput” or high-performance protocol for creating decentralized applications (dApps), crypto, or blockchain-based tokens and coins, reveals that it has implemented four new technology solutions that could help decentralized finance (DeFi) achieve mainstream adoption. The Radix team notes that… Read More

August 25, 2020 @ 8:51 pm By Omar Faridi  |  

MANTRA DAO (distributed autonomous organization) describes itself as a community-governed decentralized finance (DeFi) platform that aims to make staking, lending, and governance more accessible to traders and investors. The MANTRA team notes: “MANTRA DAO leverages the wisdom of the crowd to create … a transparent,… Read More

August 25, 2020 @ 7:38 pm By Omar Faridi  |  

The team at Messari, an online database for the digital asset sector that offers key data insights, pricing, and research on cryptocurrencies, has argued that Yearn.Finance’s YFI token is one of the least costly or reasonably priced assets in the emerging decentralized finance (DeFi) sector…. Read More

August 25, 2020 @ 6:37 pm By Omar Faridi  |  

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

August 25, 2020 @ 2:14 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has agreed to acquire Sendwave, an app-based remittance company. According to WorldRemit, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, which is its… Read More