Global

September 3, 2019 @ 7:00 am By JD Alois  |  

Real estate investment platform iFunded has listed a new property investment opportunity – both retail and institutional investors may participate in the security offering. According to iFunded, the property being financed is an apartment building in Berlin with five units, three of which have already… Read More

September 2, 2019 @ 7:45 am By JD Alois  |  

Digital bank Revolut is expanding into Portugal with a new customer operations center in Porto. The company reports that it will hire up to 400 new employees at the new location. Ricardo Macieira, an ex-Airbnb executive, and Rebeca Venancio, formerly at Microsoft, have been appointed… Read More

September 2, 2019 @ 7:29 am By JD Alois  |  

Folk2Folk, a peer-to-peer lender for local, rural and SME businesses, has now surpassed £300 million in lending, according to a company release. Folk2Folk notes that it is the 3rd largest P2P Lender to UK businesses in terms of money lent. Folk2Folk has a unique local… Read More

September 2, 2019 @ 7:12 am By JD Alois  |  

Challenger bank Tandem Bank has launched a “Savetember” campaign as it highlights the “national savings crisis” in an attempt to transform UK savings habits. Reports state that savings in the UK are at an all-time low, while credit card spending continues to increase. In 2018,… Read More

September 1, 2019 @ 7:00 pm By Hernan Soler  |  

They say technology is making the world smaller by facilitating shared connections, transactions, and experiences around the globe. One result of this increased global awareness and connectedness is an increased interest in travel. Though the majority of the world has never traveled by plane, the… Read More

September 1, 2019 @ 11:34 am By JD Alois  |  

While China has obviously morphed from a command economy to one that has wholeheartedly embraced the benefits of capitalism and a market economy there still remains substantial central planning. The current Belt and Road initiative is all about global development and increasing China’s influence around… Read More

August 31, 2019 @ 12:23 pm By Xu Gao  |  

China Construction Bank Approves to Launch Digital Banking Business in Malaysia On August 26th, China Construction Bank Co., Ltd. Labuan Branch announced that it had received regulatory approval from Labuan Financial Services Authority to conduct digital banking business. According to the statement, it would become… Read More

August 31, 2019 @ 12:08 pm By Cali Haan  |  

An Australian living in Boulder, Colorado has been sentenced to one year and a day in prison and 12 months probation for laundering money using Bitcoins. Emilio Testa, age 32, was arrested after selling bitcoins to undercover agents. “According to the stipulated facts contained in… Read More

August 30, 2019 @ 10:37 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More

August 30, 2019 @ 10:39 am By JD Alois  |  

Peer to peer property investment platform the House Crowd is crowdfunding on Seedrs. Founded in 2012, the House Crowd explains that it has evolved from an FCA regulated P2P platform in the buy to let space to doing multi-million-pound property developments. The House Crowd states:… Read More

August 30, 2019 @ 10:17 am By JD Alois  |  

Yesterday, leading UK based securities crowdfunding platform Seedrs confirmed it had agreed to terms of a £4.5 million funding round. Crowdfund Insider reported on the investment earlier this month and now Seedrs has publicly confirmed that two of their major institutional shareholders have committed to… Read More

August 30, 2019 @ 9:49 am By JD Alois  |  

Digital bank Revolut is working with WWF and The Rainforest Alliance regarding the emergency appeal to support those dealing with the devastation caused by fire to the Amazon rainforest. Revolut has a donations feature as part of its bank application. Revolut initially launched this past… Read More

August 30, 2019 @ 8:19 am By JD Alois  |  

Robo.cash, a consumer lender that operates in several European countries as well as Southeast Asia, reports that interest in peer to peer lending in Eastern Europe is increasing. Company analysts claim that the search activity associated with P2P lending in Europe indicates a relative popularity… Read More

August 30, 2019 @ 7:58 am By Cali Haan  |  

Calling el Petro, “the simplest, easiest, and safest way to send money…(and) the only way to avoid depreciation of income,” Venezuelan politicians are now using their equally controversial national cryptocurrency to make a grab at profits gleaned from the country’s substantial remittance market, Miami New… Read More

August 29, 2019 @ 10:49 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has commenced accepting applications for digital bank licenses. The new licenses are for aspiring non-bank Fintechs. MAS seeks to ensure that Singapore’s banking sector continues to be resilient, competitive and vibrant. Applicants must have their paperwork in by December… Read More

August 29, 2019 @ 4:26 pm By JD Alois  |  

In October 2018, China based Pintec (NASDAQ:PT), a Fintech providing a portfolio of services, launched an initial public offering in the US. According to a release, the underwriters for the transaction were Goldman Sachs (Asia) LLC, Deutsche Bank Securities, Citigroup, and ICBC International. Pintec describes… Read More

August 29, 2019 @ 12:14 pm By JD Alois  |  

The UK Department for International Trade (DIT) will venture across the Atlantic to visit with and perhaps form partnerships with Latin American Fintech firms. Along for the ride are six UK based Fintech firms which have been selected to participate in Finnosummit taking place in… Read More

August 29, 2019 @ 9:26 am By JD Alois  |  

Europe possesses one of the most robust markets for digital assets. Multiple countries have established bespoke rules to facilitate, or at least regulate, digital asset offerings. These may be securities or utilities or both. Gibraltar, Malta, Switzerland were quick out of the gate with rules…. Read More

August 29, 2019 @ 9:04 am By JD Alois  |  

Cryptix AG, a provider of services in the blockchain and DLT sector, has acquired digital asset exchange Blocktrade. Cryptix is based in Switzerland and Blocktrade is based in Lichtenstein. Details of the acquisition were not provided. Cryptix said the acquisition will not affect existing customers… Read More

August 29, 2019 @ 8:16 am By JD Alois  |  

Starting September 1,  in New Zealand companies will be able to pay employees in cryptocurrencies. As Crowdfund Insider previously reported, a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, cryptocurrency may be used to pay employees as long as it… Read More