Global

March 17, 2020 @ 11:09 pm By Omar Faridi  |  

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

March 17, 2020 @ 10:55 pm By JD Alois  |  

The Coronavirus is not only impacting the literal health of the world but it is poised to clobber startup funding – along with the rest of the global economy. According to a report by CBInsights, startup funding may tank more than 16% during Q1. You… Read More

March 17, 2020 @ 10:31 pm By Omar Faridi  |  

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

March 17, 2020 @ 1:50 pm By JD Alois  |  

The Coronavirus pandemic has disrupted the entire world. Traditional financial markets, as well as digital asset markets, have experienced extreme volatility. One asset that has held out relatively well is physical gold – a commodity that continues to interest certain investors in times of extreme… Read More

March 17, 2020 @ 12:52 pm By JD Alois  |  

Robo.cash, a peer to peer lending platform operating in multiple jurisdictions, has distributed a note indicating that the Coronavirus pandemic (COVID-19) is not impacting P2P investors. Robo.cash states that while global financial markets experience extreme levels of volatility, European P2P investors continue to invest with… Read More

March 17, 2020 @ 11:51 am By JD Alois  |  

Funding London, an investment vehicle provided by the Mayor of London, has backed 26 female founders, according to a note from the fund. Founded in 2004 by Maggie Rodriguez Piza on behalf of the Mayor of London, since inception Funding London has backed 673 SMEs… Read More

March 17, 2020 @ 10:59 am By Omar Faridi  |  

Three major Australian neobanks have slashed their interest rates by 0.25% during the past few days, following the decision taken this month by the nation’s reserve bank to reduce rates. 86 400 was reportedly the first Australian digital bank to reduce the maximum interest rate… Read More

March 17, 2020 @ 8:42 am By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, announced on Tuesday it is now offering free financial advice on a remote basis during the coronavirus outbreak. CEO and Founder of the deVere Group, Nigel Green stated that he and his team are launching Contactless Advice for four reasons:… Read More

March 17, 2020 @ 8:24 am By Omar Faridi  |  

Eden Amirav, CEO at Become (formerly Lending Express), a leading online platform that helps small and medium-sized businesses (SMBs) find and optimize funding solutions, recently shared his views and insights with Crowdfund Insider. Become uses its proprietary technology to assist and nurture businesses throughout the… Read More

March 17, 2020 @ 8:05 am By Omar Faridi  |  

Digital asset exchange Bitfinex has introduced its first cryptocurrency hedge fund. Bitfinex’s management confirmed on March 17, 2020, that its $280 million digital currency hedge fund, called Fulgur Alpha, will be available only to the firm’s institutional clients. Paolo Ardoino, CTO at Bitfinex, told The… Read More

March 17, 2020 @ 7:32 am By Omar Faridi  |  

Leading digital bank Revolut has been rolling out new features for its digital banking platform. The bank recently introduced new features that allow users to earn cashback or avail special discount offers when they spend. Revolut has also launched a new gold trading service for… Read More

March 17, 2020 @ 1:08 am By JD Alois  |  

KlickOwn has launched its first security token offering for real estate in Germany. Launched in mid-2019, the first digital security is for a building based in Lüneburg, Germany. The offering is debt-based seeking up to €1.5 million. As of today, the offering has raised over €350,000…. Read More

March 16, 2020 @ 7:00 pm By JD Alois  |  

Fintech TransferWise has announced that its 7 million+ customers can now send money instantly to Alipay users. Alipay is the payments platform provided by Ant Financial (Alibaba). Ant Financial is the highest valued Fintech in the world. “Our newest partnership with Alipay has been one… Read More

March 16, 2020 @ 4:02 pm By Omar Faridi  |  

Approximately $40 trillion of physical oil and gas is traded in global markets each year and anywhere between 3 to 5% of that value evaporates, because of opaque and fragmented product quality information. Validere, a developer of an informatics platform that allows energy firms to… Read More

March 16, 2020 @ 2:26 pm By JD Alois  |  

UnderPinned and Banked have announced the launch of a new payments system for contractors including free-lancers. UnderPinned is a freelance career platform that seeks to support freelancers with their career management. Of course, payment for work rendered is an important aspect of freelance work and… Read More

March 16, 2020 @ 10:20 am By JD Alois  |  

Singapore based Zilliqa, a speedy blockchain platform, has partnered with Switcheo, to launch a “non-custodial, decentralised exchange” (DEX). Zilliqa and Switcheo are said to be working towards a minimum viable product and rounds of internal testing by the end of Q2 2020 and external user… Read More

March 16, 2020 @ 9:30 am By JD Alois  |  

Recently, the French Autorité des Marchés Financiers (AMF), the leading securities regulator in France, posted a legal analysis of security tokens or digital securities. The AMF posited that while there remain certain “legal obstacles,” in their opinion national authorities can adapt to these types of… Read More

March 16, 2020 @ 9:02 am By Omar Faridi  |  

Two major Fintech companies, Aion Digital and Qarar, are teaming up in order to accelerate the growth and development of online lending platforms across the Middle East region. According to a press release, the collaboration between the two Fintechs aims to “revolutionize the credit market”… Read More

March 16, 2020 @ 8:10 am By JD Alois  |  

Crowdcube, a leading securities crowdfunding platform, has formed a new partnership with Episode 1, a fund that has backed companies like carwow, Shazama, and Zoopla. According to Crowdcube, certain offerings listed on its platform will be led by Episode 1. Issuers seeking to qualify must… Read More

March 16, 2020 @ 7:28 am By Omar Faridi  |  

Fintech unicorn Revolut is now allowing its Premium and Metal customers to purchase and sell gold from directly within its app. Gold has recently risen in price as investors have sought safe havens from the COVID-19 driven market crash. The app’s users can get exposure… Read More