Global

November 11, 2019 @ 10:48 am By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, consumes more energy than entire countries such as Ireland and Switzerland. A newly developed decentralized application (dApp), called Power Transition, based on Hedera Hashgraph (a DLT-based platform that claims to be “faster, fairer, and more secure” than existing blockchain networks),… Read More

November 11, 2019 @ 10:28 am By JD Alois  |  

CapitalRise has received the backing of Revolt Ventures, the VC portion of the multi-billion dollar real estate investment company Meyer Bergman. According to a note from CapitalRise, Revolut Ventures has provided £1 million in equity funding for the early stage Fintech. The investment from Revolut Ventures… Read More

November 11, 2019 @ 9:52 am By JD Alois  |  

Leading investment crowdfunding platform Seedrs has announced a new feature – the ability to offer a direct investment in a company raising capital online. Seedrs has long been known for its “Nominee” structure, a type of special purpose vehicle (SPV) that benefits both issuers and… Read More

November 11, 2019 @ 8:50 am By JD Alois  |  

Applications for the Innovate Finance Women in Fintech Powerlist 2019 are now open, according to Innovate Finance. Innovate Finance is the leading advocacy group for all things Fintech in the UK.  The Women in Fintech Powerlist has become an annual staple for the group as… Read More

November 11, 2019 @ 8:21 am By JD Alois  |  

Benoît Cœuré, the outgoing European Central Bank Executive Board Member and an individual some thought best equipped to become the President of the ECB, has been appointed to lead the newly created Bank for International Settlements (BIS) Innovation Hub. According to BIS, Cœuré will commence… Read More

November 10, 2019 @ 11:27 pm By Samantha Hurst  |  

Global insurtech company Cover Genius announced last week it secured $10 million through its Series B funding round, which was led by King River Capital with participation from Belfer Family, Jasper Tans, Regal Funds Management, and Marinya Capital. Founded in 2014, Cover Genius claims to… Read More

November 10, 2019 @ 5:00 pm By Max Lyadvinsky  |  

Investment has never seen anything like Millennials. This savvy, ethical and growing group consciously spend their money like no demographic before them. The impact of their dollar is just as important as the profit it generates – something investment has not been forced to consider… Read More

November 10, 2019 @ 2:48 pm By Omar Faridi  |  

IMMO Investment Technologies recently announced that it had completed a €72 million (appr. $79.3 million) funding round, with €11.5 million (appr. $12.6 million) in equity from Talis Capital, HV Holtzbrinck Ventures, Tom Stafford & Rahul Mehta of DST Global, and Mato Peric. IMMO Investment is… Read More

November 10, 2019 @ 12:51 pm By Omar Faridi  |  

First Investment Bank (Fibank), the third-largest bank in Bulgaria, is teaming up with Mastercard to introduce the Apple Pay (NASDAQ:AAPL) service. Fibank customers who have a Mastercard credit or debit card can add it to their Apple Wallet in order conduct fast, secure, and private… Read More

November 9, 2019 @ 7:17 pm By Omar Faridi  |  

San Francisco-based Wells Fargo, the fourth-largest bank in the US by total assets, and Dutch banking giant ING led a $19.3 million round in Chicago-based Regtech firm Ascent Ascent provides a cloud-based platform that helps financial services providers to keep their business operations compliant. The… Read More

November 9, 2019 @ 6:10 pm By Omar Faridi  |  

Banking giant Standard Chartered has reportedly joined the Enterprise Ethereum Alliance (EEA), a global standards organization that outlines the specifications for developing large-scale, interoperable blockchain platforms. The EEA is planning to conduct further research and development (R&D) into the latest trends involving distributed ledger technology… Read More

November 9, 2019 @ 2:55 pm By Cali Haan  |  

Elvira Nabiullina, governor at the Bank of Russia since 2013, told the Russian parliament this week that she supports Fintech innovations but opposes private currencies like Facebook’s Libra because they pose a threat to financial stability. She also said she and the bank are monitoring… Read More

November 9, 2019 @ 3:08 am By JD Alois  |  

DEXTF, or “Decentralized Traded Funds,” a Singapore-based startup has raised USD $460,000 in an oversubscribed seed funding round led by LuneX Ventures and SGInnovate, according to a release. The partners at London-based hedge fund CDAM also participated in the funding round along with other undisclosed… Read More

November 8, 2019 @ 12:16 pm By Omar Faridi  |  

Auckland, New Zealand-based Harmoney, an online lending platform that connects borrowers with lenders, recently raised NZ$25 million ($15.8 million) through a Series C investment round led by two Australasia-based investors. Established in 2014, Harmoney has acquired funding from Australia-based private equity company Kirwood Capital and… Read More

November 8, 2019 @ 10:45 am By JD Alois  |  

A leading artificial intelligence (AI) consultancy, Brainpool AI is raising capital on Seedrs. The consultancy is seeking £120,001 for a 3.3% equity stake in the firm. The company has set a pre-money valuation of £3.5 million. As this moment, Brainpool AI has raised over half… Read More

November 8, 2019 @ 9:58 am By JD Alois  |  

The Council of the European Union has posted a memo, or “draft joint statement,” regarding stablecoins – a hot policy topic these days due to Facebook’s attempt to launch a global, non-sovereign, cryptocurrency. When Facebook revealed the creation of Libra, and the executive body the… Read More

November 8, 2019 @ 8:16 am By Omar Faridi  |  

San Francisco-based AngelList, a platform facilitating online capital formation and job-seekers interested in working at startups, has launched a new India-focused venture capital and angel fund, according to a report in the Economic Times. The newly launched fund will allow individuals to raise relatively small… Read More

November 8, 2019 @ 7:58 am By Omar Faridi  |  

Zopa, a peer-to-peer (P2P) money lending platform that allows borrowers and lenders to deal directly with each other (cutting out the banks who serve as intermediaries), is nearing the launch of its new digital bank offshoot in the United Kingdom. The company will conduct a… Read More

November 8, 2019 @ 2:52 am By JD Alois  |  

The Japan Virtual Currency Exchange Association (JVCEA) has signed a Memorandum of Understanding (MoU) with the International Digital Asset Exchange Association (IDAXA). This is the eighth national trade association in the sector to align with IDAXA. The goal is to provide a unified voice for… Read More

November 7, 2019 @ 9:01 pm By Cali Haan  |  

In comments likely designed to assuage regulator concerns, Kevin Weil, VP Product for Facebook’s Calibra cryptocurrency wallet program, told people attending the Web Summit technology conference in Lisbon November 5th that Facebok’s proposed cryptocurrency network will take decades to implement: “This is not going to… Read More