Global

October 1, 2019 @ 10:18 pm By Xu Gao  |  

The CBIRC and PBC Jointly Release 2019 China Inclusive Finance Development Report On September 29th, the China Banking and Insurance Regulatory Commission (CBIRC) and the People’s Bank of China (PBC) jointly released the “2019 China Inclusive Finance Development Report ” (hereinafter referred to as the… Read More

October 1, 2019 @ 9:02 pm By Samantha Hurst  |  

Cross-border savings and investments marketplace Raisin announced on Tuesday it has launched its services in Ireland. The platform claims that it launches with the “best-in-market” interest rates on most term deposits, finally propelling Ireland out of the last place on Europe’s retail interest rate ranking…. Read More

October 1, 2019 @ 5:18 pm By JD Alois  |  

Bitbond, the first security token offering in Germany to have its prospectus approved by Bafin, has issued its first on-chain coupon payment according to a tweet. Bitbond is a unique global online lender that recently completed a security token offering (STO) for a debt offering… Read More

October 1, 2019 @ 5:04 pm By Omar Faridi  |  

UK-based SenSat, a company that converts complex visual and spatial data into a real-time simulated reality that allows computers to find solutions to real-world problems, has raised $10 million through a Series A investment round, which was led by Shenzhen-based internet giant Tencent. Sistema Venture… Read More

October 1, 2019 @ 11:37 am By Omar Faridi  |  

Amsterdam-based Fintech firm Bunq announced the launch of 22 new markets on October 1. The financial and information technology company’s services will now be available in all European Union markets. Bunq will also provide services to businesses in Norway and Iceland. Overall, the company’s products… Read More

October 1, 2019 @ 10:29 am By JD Alois  |  

European crowdfunding platform and digital investment bank Invesdor is looking for a new CEO. The news was revealed in a post to shareholders by founder and current CEO Lasse Mäkelä who said after 8 years at the helm it is time to find someone with… Read More

October 1, 2019 @ 9:22 am By Omar Faridi  |  

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

October 1, 2019 @ 8:45 am By JD Alois  |  

Funding Xchange says that borrowing costs for some UK businesses are dropping. Funding Xchange tracks the activity of 40 lenders specialising in small business lending. According to their forthcoming “SME Lending Monitor,” 60% of businesses with a reasonably good credit profile are able to access… Read More

October 1, 2019 @ 8:04 am By JD Alois  |  

European Risk Capital’s transaction pipeline via its “CreditStream” debt program has exceeded £300 million, according to a company release. ERC is an independent finance group that arranges capital for non-bank financial institutions, real estate and more. ERC states that transactions under consideration comprise senior secured… Read More

October 1, 2019 @ 7:40 am By Omar Faridi  |  

Brazil’s Fintech industry has been growing steadily with most local companies focusing on providing B2B services, according to a recent study. There are at least 504 Fintech firms based in Brazil across 10 different segments. Last year, there were only 377 Fintech companies operating in… Read More

October 1, 2019 @ 2:27 am By Cali Haan  |  

The president of the European Central Bank, Mario Draghi, has proscribed Estonia’s plan to issue a state-managed digital currency (or Central Bank Digital Currency – CBDC): “I will comment on the Estonian decision: no member state can introduce its own currency…The currency of the euro… Read More

October 1, 2019 @ 12:22 am By Cali Haan  |  

Alexander Bornyakov, a soon-to-be deputy in the Ukraine’s Digital Transformation Ministry, says the Ukraine’s Deputy Prime Minister for Digital Transformation, Mikhail Fedorov, plans to cooperate with the country’s Finance Ministry to develop a legal framework for cryptocurrency in coming months. Cryptocurrencies circulate now in Ukraine under grey… Read More

September 30, 2019 @ 9:54 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has settled charges against Block.one, high-profile creator of the blockchain network EOS, for allegedly conducting an unlicensed multi-billion USD ICO (initial coin offering) crowdsale. Block.one has agreed to pay a $24 million USD civil penalty: “The Securities and… Read More

September 30, 2019 @ 4:10 pm By Omar Faridi  |  

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

September 30, 2019 @ 1:10 pm By Omar Faridi  |  

The National Payments Corporation of India (NPCI) has requested Bengaluru-based digital payments firm PhonePe to work with another banking partner for its Unified Payments Service (UPI) model. PhonePe’s management has reportedly decided to work with Mumbai-headquartered multinational banking and financial services company ICICI Bank. According… Read More

September 30, 2019 @ 11:27 am By JD Alois  |  

Fintech Abu Dhabi, an annual gathering organized by Abu Dhabi Global Market (ADGM) – the international Financial Centre in Abu Dhabi, has announced the participation of eight separate Fintech unicorns for their upcoming event later this month. Fintech Abu Dhabi has announced that; Kraken, Airwallex,… Read More

September 30, 2019 @ 11:01 am By Omar Faridi  |  

Ant Financial Services Group, an affiliate company of the Chinese Alibaba Group (NYSE:BABA), is teaming up with Bayer Crop Science to create a blockchain-enabled platform for monitoring agricultural product. Ant Financial and Bayer Crop signed a letter of intent to leverage blockchain technology to develop… Read More

September 30, 2019 @ 10:04 am By JD Alois  |  

Crowdcube, a leading UK based crowdfunding platform, is out with a note touting the fact they have funded 3 out of 16 (19%) of the UK’s active unicorns. These three companies include BrewDog, Monzo and Revolut. Crowdcube reports that in the past 12 months, the… Read More

September 30, 2019 @ 9:27 am By JD Alois  |  

Leading UK based investment crowdfunding platform Seedrs has opened up registration for a self-crowdfunding round. The platform announced in August that two of their institutional shareholders had committed to a £4.5 million investment into the company. Additionally, Seedrs is planning a far larger round next… Read More

September 30, 2019 @ 8:55 am By Omar Faridi  |  

San Francisco-based Fintech firm Ripple has acquired digital asset trading company Algrim. The acquisition has helped Ripple add six engineers, according to a September 30 blog post published on the company’s official website. The new team of engineers is expected to play a key role… Read More