Global

August 24, 2018 @ 12:19 pm By Cali Haan  |  

More news from China today regarding that country’s ban on citizens’ access to cryptocurrencies. According to The South China Morning Post, China will now block access to an additional 120 foreign cryptocurrency exchanges. Bitfinex, Binance, Huobi and OKEx are already blocked in China. When China announced… Read More

August 24, 2018 @ 12:00 pm By Samantha Hurst  |  

FundedByMe, a multi-national investment crowdfunding platform, announced on Friday it has appointed Ingmar Rentzhog, the founder of Swedish communication agency Laika Consulting AB, to its board. This news comes just a few months after FundedByMe acquired Laika.  According to FundedByMe, Rentzhog founded Laika Consulting AB in 2014… Read More

August 23, 2018 @ 7:31 pm By JD Alois  |  

Marcus began its existence as a mere online lender seeking to provide consumers with affordable credit all online. But as time moves on, it is becoming more clear that Marcus is being positioned as not just providing loans but becoming the bank of the future:… Read More

August 23, 2018 @ 8:37 am By Erin Hobey  |  

PatrocinaM, a Barcelona-based crowdfunding platform which connects cultural projects seeking funding to individuals and companies ready to fund them, has partnered with Crowdcube Spain to take its platform to the next level, nationally and internationally. The platform has already raised more than half its €100,000… Read More

August 23, 2018 @ 7:39 am By Erin Hobey  |  

Shojin Property Partners secured funding targets of a combined £1.63M for two of its latest crowdfunded projects in Southend-On-Sea and Hampshire, reportedly attracted 38 investors. Southend-On-Sea was an equity raise (variable profit share) while Hampshire was a debt raise with a fixed return. “Many investors… Read More

August 23, 2018 @ 7:03 am By Erin Hobey  |  

Kenyan-based Fintech platform Lendable has been extended a convertible grant from Dutch Development Bank FMO to provide a “first loss” backstop.  The $450K convertible grant, provided by the Dutch government’s FMO managed MASSIF fund, aims to reach targeted end-beneficiaries through financing local financial intermediaries and institutions that… Read More

August 22, 2018 @ 12:30 pm By Samantha Hurst  |  

On Tuesday, Samsung Electronics Co., Ltd. celebrated the third anniversary of its mobile payment platform, Samsung Pay. According to the electronics giant, Samsung Pay, which was launched in August 2015, has experienced major growth and is now available on 6 continents and 24 markets, this includes the… Read More

August 22, 2018 @ 8:51 am By JD Alois  |  

Revolut has announced the official launch of a new product. Revolut “Metal card” enables users to receive cash back in either cryptocurrency or fiat at a 1% rate outside Europe and 0.1% on transactions made in Europe. Revolut previously incorporated cryptocurrency options on their banking… Read More

August 22, 2018 @ 7:20 am By Cali Haan  |  

The commissioner of the South African Revenue Service (SARS) told attendees at an auditors’ conference in Sandton this week that SARS is stepping up efforts to identify crypto traders and collect related taxes, FIN24 reports. “The key thing is identifying people who are trading because… Read More

August 21, 2018 @ 2:11 pm By JD Alois  |  

For the past few days, Revolut – a digital only challenger bank that has achieved unicorn status, has been teasing out a new announcement with a Twitter countdown. By tomorrow we will know more. Revolut has already revealed it is prepping the launch of a… Read More

August 21, 2018 @ 10:45 am By JD Alois  |  

SharesPost has announced that OKEx, a Hong Kong based digital assets exchange, is joining their Global Liquidity and Settlement System (GLASS). SharesPost received approval to operate as an Alternative Trading System (ATS) earlier this year – a necessary move to trade in securities in a… Read More

August 21, 2018 @ 8:30 am By Erin Hobey  |  

Urban Massage, a UK-based massage-on-demand scheduling app, is crushing its convertible campaign on Seedrs. Could there be anything better than an incredible massage: overfunding! The campaign is currently overfunding by 131%, having raised over £3,266,740 at this writing, with the confidence of more than 743… Read More

August 21, 2018 @ 8:05 am By JD Alois  |  

Spark Crowdfunding, Ireland’s first equity crowdfunding platform, has launched with its newest offering: Fleet – a person to person car sharing service that is seeking a raise of €275,000 through a sale of 20% equity. Spark Crowdfunding is a Dublin based operation that has only launched… Read More

August 20, 2018 @ 11:08 pm By Cali Haan  |  

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

August 20, 2018 @ 10:03 pm By Cali Haan  |  

Two young braggarts who took to the Norwegian media to boast about millions in crypto profits last year are backpedalling now after media showed they disclosed minimal gains on their 2017 tax returns, Dagens Naeringsliv reports. Crypto-mining partners Philip Eriksen and Roy Arne Olsen, both… Read More

August 20, 2018 @ 2:55 pm By Samantha Hurst  |  

Digital currency platform for payments and e-commerce Dash announced on Monday that more than 2,000 merchants around the world now accept its cryptocurrency for good and services. According to Dash, the number of merchants is up from 639 in February 2018 to its current total listing of… Read More

August 20, 2018 @ 9:53 am By JD Alois  |  

Damson Global, a Yorkshire-based company that designs and produces consumer audio products, is raising a £100,000 24 month venture loan on Crowd2Fund. The investment opportunity comes with a steep 14% APR for investors. Damson was founded in 2012 by James Talbot, who was formerly the… Read More

August 20, 2018 @ 9:15 am By JD Alois  |  

Augmentum Fintech plc (LSE: AUGM) has announced an aggregate of £7 million of investment in three European Fintechs: Tide, Previse and DueDil. Tim Levene, CEO of Augmentum Fintech, said that since their IPO they have built an “exciting pipeline of fintech investment opportunities” and the… Read More

August 19, 2018 @ 7:00 pm By JD Alois  |  

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

August 19, 2018 @ 5:46 pm By Steven McClurg  |  

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More