Global

December 12, 2019 @ 4:07 pm By Omar Faridi  |  

Greg Gibb, CEO at Lufax, an online wealth management platform and tech solution provider for local governments and financial institutions, recently shared his views and insights on the future of Fintech, during the Committee of 100 Greater China Conference and Gala 2019, which were held… Read More

December 12, 2019 @ 7:48 am By JD Alois  |  

There are a few true trailblazers in the investment crowdfunding sector and Gonçalo de Vasconcelos is one of them. The co-founder and long-time CEO of SyndicateRoom, “retired” from his leadership role in July of this year. During his tenure, de Vasconcelos had taken SyndicateRoom from… Read More

December 12, 2019 @ 6:31 am By Omar Faridi  |  

Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More

December 12, 2019 @ 1:35 am By Omar Faridi  |  

Rebel, an online consumer finance company that provides Brazilian residents access to unsecured credit at competitive rates, has raised $10 million in equity funding. The company’s latest funding round has come just a year after it secured $4 million from XP Asset Management and various… Read More

December 12, 2019 @ 1:17 am By Cali Haan  |  

Group-IB, a Moscow-founded cybersecurity firm now based in Singapore, “has detected a massive upload of debit and credit card records …on one of the most popular underground cardshops.” According to the firm, between October 28th and November 27th of this year, criminals uploaded more than 460,000… Read More

December 11, 2019 @ 7:15 pm By Omar Faridi  |  

Fintech companies in Vietnam acquired $410 million, or 36% of the total global capital invested into Southeast Asia’s economies between January and September of this year, which is right behind Singapore. Vietnam’s market share of regional VC funding allocated to Fintech-related projects increased from only… Read More

December 11, 2019 @ 6:31 pm By Cali Haan  |  

Four men have been arrested and charged with promoting a cryptocurrency mining pyramid scheme that defrauded victims out of $722 million USD. Matthew Brent Goettsche, Jobadiah Sinclair Weeks and Joseph Frank Abel were arrested in various locations in the United States early this month and were… Read More

December 11, 2019 @ 2:42 pm By JD Alois  |  

Last week, Crowdfund Insider participated in the very first FinnoSummit event (hosted by LendIt) that addressed the Fintech marketplace in Latin America (LATAM). While in past years, much discussion has focused on Fintech in Asia and Europe, it is clear that Fintech is now experiencing… Read More

December 11, 2019 @ 10:47 am By JD Alois  |  

A report from earlier this week in Sina indicates that the Bank of China has issued Yuan 20 billion (USD $ 2.8 billion) in “special finance bonds” for small and micro firms. For the issuance, the Bank of China used a “self-developed blockchain bond issuance… Read More

December 11, 2019 @ 8:01 am By Omar Faridi  |  

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

December 11, 2019 @ 12:55 am By Cali Haan  |  

After being granted the right earlier this year to demand user records from 3 cryptocurrency exchanges in the country, Denmark’s tax authority, the Skattestyrelsen, has now sent 20 000 letters to Danish citizens it believes may have skirted taxes on capital gains from cryptocurrency trades. Recipients… Read More

December 11, 2019 @ 12:19 am By Omar Faridi  |  

Spanish Fintech firm Latinia revealed last week that it had invested (an undisclosed amount) in Flink, a business-to-customer (B2C) Mexican digital bank. The Barcelona-headquartered company said that it changed its usual business-to-business (B2B) strategy when investing in Flink, because of the increasing demand of neobanks… Read More

December 10, 2019 @ 10:48 pm By Alexey Ermakov  |  

After the parabolic bull run of 2017, the last two years were pretty much a bearish phase. New lows were created, bounces and new projects were spread thinly apart.  As we look forward to 2020, expectations of another massive crypto rally, interesting projects and the… Read More

December 10, 2019 @ 9:29 pm By Cali Haan  |  

Hackers successfully executed a cryptocurrency “ransomware” attack on the Argentine government on November 25th and managed to lock up about 7700 GB of data totaling 10 years of government records. Servers, databases, and a virtual backup library were reportedly compromised. “Ransomware” is a type of… Read More

December 10, 2019 @ 5:05 pm By Omar Faridi  |  

Australia-based digital bank Volt Bank has revealed details regarding one of its most anticipated and soon-to-be-released banking products, a new type of savings account with a decent interest rate. Volt Bank’s official website says that the digital bank will provide a 2.15% maximum ongoing interest… Read More

December 10, 2019 @ 3:59 pm By Samantha Hurst  |  

Credit card giant Mastercard and fintech startup Doconomy announced on Tuesday they have extended their collaboration in order to combat climate change. The extension allows the ability for any Mastercard issuer to offer their cardholder the ability to track and understand their carbon footprint based… Read More

December 10, 2019 @ 11:23 am By Samantha Hurst  |  

Global blockchain payments provider BitPay announced on Tuesday it the rollout of stablecoin payments for merchants and consumers. BitPay reported that it now supports payment acceptance and settlement in any of three popular volatility-free stablecoins, Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos… Read More

December 10, 2019 @ 9:55 am By Xu Gao  |  

46 Innovative Financial Services & Products From 77 Entities Accepted into Beijing Fintech Sandbox On December 7th, Beijing Municipal Bureau of Financial Work held a Fintech seminar in Beijing. Zhicheng Zeng, an official from the People’s Bank of China, revealed in a speech that 46… Read More

December 10, 2019 @ 9:25 am By Omar Faridi  |  

Luxembourg Stock Exchange (LuxSE) has reportedly acquired a 10% stake in Origin, a UK-based Fintech firm, in order to further its digital strategy and initiatives. The deal will allow LuxSE to have governance representation in Origin and also make it the exclusive digital listing partner… Read More

December 10, 2019 @ 8:25 am By JD Alois  |  

While some well-known digital asset marketplaces are exiting the crypto-exchange sector in the US (too many rules, too little time), cryptoasset-to-USD lender and wealth manager BlockFi is bucking the trend. BlockFi currently provides services to customers worldwide, including 47 U.S. states, with interest-earning accounts and… Read More