Global

February 21, 2019 @ 7:31 am By Cali Haan  |  

Citing cybercrime as the “biggest threat to digital India,” Indian Union Home Minister Rajnath Singh inaugurated a new national cyber forensic lab and Delhi Police cybercrime unit, ‘CyPAD,’ on Monday, The Hindu reports. According to the outlet, Minister Singh described cybercrime as “a challenge to policing,”… Read More

February 21, 2019 @ 6:43 am By Erin Hobey  |  

JIVR, a UK-based foldable, electric and chainless bike brand, is closing in on €850,000  on its Seedrs equity crowdfunding campaign goal, having raised over €693,630 from more than 145 investors. Funding will be used to establish a comprehensive sales channel mix of B2C, B2B and… Read More

February 20, 2019 @ 8:25 pm By JD Alois  |  

Speedy blockchain Hedera Hashgraph has announced the first members of the Hedera Hashgraph Governing Council. The group will guide changes to the software run by Hedera distributed nodes over time. Hedera says the initial Council members will be Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings,… Read More

February 20, 2019 @ 3:17 pm By Cali Haan  |  

Rise, a German company marketing a forthcoming initial coin offering (ICO) with a campaign featuring a “democratize prosperity” slogan and a video of a homeless man driving a Lamborghini, has had its “virtual IPO” (ICO) scuttled by Germany’s Federal Supervisory Authority (Bafin), Handelsblatt reports. The… Read More

February 20, 2019 @ 1:44 pm By Samantha Hurst  |  

PayJoy, a U.S.-based fintech startup, announced on Wednesday the global availability of its Lock API. PayJoy reported that the API allows PayJoy’s lending partners to secure financing with compatible smartphones. As previously reported, PayJoy reported it has helped tens of thousands of underbanked consumers in emerging markets,… Read More

February 20, 2019 @ 8:13 am By Helena Murphy  |  

The world of business equity raising is still dominated by men. Melinda Gates wrote in ReCode back in 2017:  “We like to think that venture capital is driven by the power of good ideas. But by the numbers, it’s men who have the keys.”  Gates argued that… Read More

February 20, 2019 @ 7:31 am By Erin Hobey  |  

Naspers-owned PayU, an India-based online payments service provider, has appointed Anirban Mukherjee as its new Chief Executive Officer of PayU India. Mukherjee will report to PayU Global CEO Laurent Le Moal. As well as leading PayU’s Indian business, Mukherjee joins PayU’s global leadership team with… Read More

February 20, 2019 @ 7:01 am By Erin Hobey  |  

TrueAccord, an automated debt recovery platform, has partnered with Lenexa, Kansas for its new shared services operation, committed to investing $1.34 million with a plan to expand to over 150 professionals over the next three years across sales, operations and technology functions. “We chose the… Read More

February 20, 2019 @ 1:44 am By Cali Haan  |  

Europol, Interpol and the Basel Institute on Governance will host the 3rd annual Global Conference on Criminal Finances and Cryptocurrencies in the Hague, Netherlands, March 6th and 7th. This year’s conference will be distinct from previous ones, says Europol, in that focus will be placed on… Read More

February 19, 2019 @ 8:18 am By Erin Hobey  |  

Mambu, a Berlin-based fintech SaaS banking platform, has raised $34 million (30 million euros) in a funding round led by U.S. investment firm Bessemer Venture Partners. Action Capital, CommerzVentures, Point Nine Capital and Runa Capital also participated in the round. Mambu will use the funding to invest… Read More

February 19, 2019 @ 4:27 am By JD Alois  |  

Koine, an institutional custody and settlement service for both fiat and digital assets, has appointed Hugh Hughes as Chairman and CEO. Hughes was previously CEO of Societe Generale Securities in London. Prior to that, Hughes built stockbroking businesses in London, according to a release from the firm…. Read More

February 19, 2019 @ 1:55 am By JD Alois  |  

In a release, equity crowdfunding platform Startupxplore stakes a claim as being “Spain’s largest online startup investors network.” The statement is based on Startupxplore having  14,703 registered individual investors. The site was launched in 2016 and reports having funded €6.5 million in 28 different deals.  Startupxplore is regulated by… Read More

February 18, 2019 @ 7:01 pm By JD Alois  |  

The Chinese Ministry of Public Security has revealed that over 380 peer to peer lending platforms are currently under investigation. A release by Xinhua on Sunday said that about USD $1.5 billion in P2P lending assets were involved. Apparently, the Chinese police have seized or frozen cash,… Read More

February 18, 2019 @ 10:53 am By Samantha Hurst  |  

UK-based payments platform GoCardless announced on Monday it secured $75 million through its Series D investment round, which was led by new investors Adams Street Partners, GV (formerly Google Ventures) and Salesforce Ventures, as well as existing investors: Accel, Balderton Capital, Notion Capital, and Passion Capital…. Read More

February 18, 2019 @ 10:11 am By JD Alois  |  

Mobile payment Fintech TransferTo has rebranded as two separate company brands. TransferTo has now changed its name to DT One. Simultaneously, the cross-border payments business, which started in 2016, has branched off to operate independently from DT One and has been renamed to Thunes. Thunes will focus… Read More

February 18, 2019 @ 9:16 am By JD Alois  |  

The European Bank for Reconstruction and Development (EBRD), has applied to join the Global Financial Innovation Network (GFIN) as an observer. GFIN is a global Fintech Sandbox project orchestrated by the UK. GFIN claims a good number of global regulators – each looking to facilitate… Read More

February 18, 2019 @ 8:46 am By JD Alois  |  

Online small business lender iwoca has raised £150 million in both equity and debt capital, according to a note from the firm. This most recent investment brings iwoca’s total funding to £350 million. The Series D equity funding was led by Augmentum Fintech, a Fintech… Read More

February 18, 2019 @ 8:01 am By JD Alois  |  

Bafin, Germany’s securities regulator, has given the green light to Bitbond to issue digital bonds. Bitbond is an online lending platform that operates globally. In business since 2013, Bitbond provides access to capital for small businesses. The Fintech boasts a peer to peer lending network… Read More

February 18, 2019 @ 1:06 am By JD Alois  |  

OurCrowd has joined in the Series C funding of Medtech firm Sight Diagnostics. The company is creating a lab-grade point-of-care blood diagnostics system “OLO.” This system is designed to provide patients with lab-grade blood testing results in minutes rather than days by combining AI with… Read More

February 17, 2019 @ 8:00 pm By JD Alois  |  

Tokenise is a trading name of Kession Capital Limited, a company registered in the UK and authorised by the Financial Conduct Authority (FCA). The FCA is well known for being Fintech innovationtion friendly. In fact, a recent cohort of their regulatory Sandbox included multiple blockchain… Read More