Global

December 16, 2019 @ 7:21 pm By JD Alois  |  

Leading UK based investment crowdfunding platform Crowdcube is out with a note claiming a record-breaking year for international securities offerings. According to Crowdcube, during 2019 overseas offerings raised €26.6 million – a 100% increase versus year prior. This took place even while the sword of… Read More

December 16, 2019 @ 12:34 pm By Cali Haan  |  

Bottle Pay, a UK company, “on a mission…to introduce Bitcoin to 1 billion people in the next 5 years,” has announced it will shut down December 31st because it does not want to impose enhanced anti-money laundering procedures on users. According to a company blog post:… Read More

December 16, 2019 @ 11:46 am By Cali Haan  |  

Representatives from Grant Thornton have published their Liquidator’s Second Report regarding collapsed New Zealand cryptocurrency exchange Cryptopia. Just prior to its dissolution in May, Cryptopia had over 2.2 million registered users worldwide and 37 employees, Grant Thornton (GT) claims. Hackers are believed to have stolen… Read More

December 16, 2019 @ 11:16 am By Omar Faridi  |  

Cardano (ADA), one of the largest (by market cap) platforms for building and deploying decentralized applications (dApps), now has over 5 billion ADA tokens, worth about $195 million, staked on its testnet – reportedly within 24 hours of the launch of Cardano’s testnet. Input Output… Read More

December 16, 2019 @ 10:57 am By JD Alois  |  

OurCrowd, as part of an international consortium, has won a tender to operate a startup incubator in New Zealand. The consortium of companies that participated in the bid includes Finistere Ventures, New Zealand’s food giant Fonterra and animal management leader Gallagher. The consortium was selected… Read More

December 16, 2019 @ 7:51 am By Omar Faridi  |  

The central bank of Sweden, the Riksbank, is responsible for promoting the development and maintenance of an efficient and secure payment system. The reserve bank acknowledges that this task may become more challenging if cash is no longer widely accepted as a means of payment… Read More

December 16, 2019 @ 7:47 am By Omar Faridi  |  

HSBC Bank plc, one of the world’s largest banking and financial services organizations with a market cap of more than $156 billion, is reportedly working with UK-based charities to assist homeless citizens, who do not have residential addresses or government-issued IDs, to open bank accounts… Read More

December 15, 2019 @ 4:10 pm By JD Alois  |  

Switzerland based SEBA Bank, a financial service firm for both digital and traditional assets that is licensed by the Swiss supervisory authority FINMA, is now onboarding clients from 10 jurisdictions, according to a company release. SEBA Bank reports that it is now accepting institutional and… Read More

December 15, 2019 @ 2:33 pm By Omar Faridi  |  

Indian online payments company Paytm’s parent has secured 4,724 Crore (appr. $660 million) from several large investors including Alibaba’s Alipay, SoftBank’s SVF Panther (Cayman) and investments are overseen by T Rowe Price. The board members of One 97 Communications Ltd, Paytm’s parent, will be allocating… Read More

December 14, 2019 @ 2:07 pm By JD Alois  |  

ViaInvest, a peer to peer lender based in Latvia, has added small business loans to its platform. In an email, ViaInvest states: “We are thrilled to inform you, that ViaInvest has expanded its product portfolio by listing business loans on the platform. The first loan… Read More

December 14, 2019 @ 1:43 pm By Omar Faridi  |  

Financial advisors have been using a wide range of financial planning software and CRM tools to assist their clients. There have been significant changes in the landscape of who offers these financial management tools. Large companies have reportedly been absorbing Fintech startups. However, advisors and… Read More

December 14, 2019 @ 12:43 pm By JD Alois  |  

The European Commission has invited interested parties to participate in an open market consultation for the forthcoming “European Blockchain Pre-Commercial Procurement (PCP).” The Commission’s goal is to boost the development of distributed ledger technology, or blockchain, for the European Blockchain Service Infrastructure. A “Pre-Commercial Procurement”… Read More

December 14, 2019 @ 10:32 am By Omar Faridi  |  

We recently caught up with Marie Tatibouet, CMO at Gate Technology, the parent company of crypto-asset exchange Gate.io and Wallet.io. Tatibouet, a management postgraduate from the Emlyon Business School, talked about the security measures that Gate.io has implemented to help protect users’ assets. She also… Read More

December 14, 2019 @ 1:41 am By Omar Faridi  |  

UK-based digital bank Metro Bank Plc recently revealed that it has teamed up with Canadian Fintech firm Sensibill in order to test out an app-based online receipt system made for small businesses. Metro bank notes that it’s inviting small business owners to take part in… Read More

December 13, 2019 @ 10:22 pm By Samantha Hurst  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, recently announced it has secured €12.7 million through its Series A funding round, which was jointly led by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The… Read More

December 13, 2019 @ 3:53 pm By JD Alois  |  

OneConnect (NYSE:OCFT), a Fintech off-shoot of Ping An, listed its shares on the New York Stock Exchange (NYSE) today. The initial public offering raised around $260 million following a decision to slice the offer in half due to demand concerns. Ping An is one of… Read More

December 13, 2019 @ 8:47 am By JD Alois  |  

Robo.cash, a European peer to peer lending platform operating within the European Union and Switzerland, is now providing a path for European investors to invest in Singapore, according to a company release. The Robocash Group reports that it has integrated its in-house P2P lending platform… Read More

December 13, 2019 @ 7:50 am By Omar Faridi  |  

Germany-headquartered Wirecard, a payments platform, and France’s Orange Bank, a challenger bank, announced on December 11 that they’re extending their existing business relationship to allow Android users in France to make payments through Google Pay. Orange Bank claims that 17% of all mobile payments in… Read More

December 12, 2019 @ 9:32 pm By Omar Faridi  |  

The New Zealand Automobile Association (AA New Zealand) is teaming up with insurance technology (Insurtech) firm Greater Than in order to make driving a lot safer. The partnership will reportedly involve the use of the insurtech company’s artificial intelligence (AI) software Enerfy to offer “real-time… Read More

December 12, 2019 @ 4:34 pm By JD Alois  |  

Bitbond, a Berlin-based online lender and trailblazer in the digital asset sector, is leveraging its experience in issuing blockchain-based bonds to move into real estate. According to a note from Bitbond, the investment platform has formed a partnership with KlickOwn, a property investment platform. Bitbond… Read More