Global

July 16, 2018 @ 3:03 pm By JD Alois  |  

UK based Sovren says it will launch the first digital asset exchange to be regulated by the Financial Conduct Authority (FCA) and accessible to institutional investors. The creation of two ex-bankers, Sovren has also announced an Initial Coin Offering (ICO) planned for Q3 this year…. Read More

July 16, 2018 @ 2:24 pm By Cali Haan  |  

Alexander Vinnik, a Russian national accused by the US government of laundering $4 billion dollars of cryptocurrency proceeds of crime will be extradited from Greece to France to face charges there, CNN Greece reports. An unsealed US government indictment charges Vinnik with 21 counts of… Read More

July 16, 2018 @ 1:26 pm By JD Alois  |  

Leading non-bank finance firm Greensill has received an investment from General Atlantic in the amount of $250 million. This values Greensill at $1.64 billion. Gabriel Caillaux, Managing Director and Head of EMEA at General Atlantic, will be joining the Greensill board. Founded in 2011, Greensill provides… Read More

July 16, 2018 @ 12:18 pm By JD Alois  |  

UK based Shieldpay has expanded into the US by providing services to car classified site, AutoClassics.com. The Fintech scale up enables sites to become fully transactional marketplaces and offers an instant digital escrow payment solution.  Shieldpay can also accelerate multi-million-pound M&A deals and real estate transactions,… Read More

July 16, 2018 @ 9:37 am By Masha Prusakova  |  

Male and white – this was the start of the cryptocurrency world. Since the early days of cryptocurrencies, miners, and blockchain developers have been comprised of men – and today’s token projects are reflective of that gender disparity. There is a gender imbalance in the… Read More

July 15, 2018 @ 3:08 pm By JD Alois  |  

Sight Diagnostics, an Israeli Medtech firm, has launched “OLO,” an AI-based blood diagnostics device which is said to offer lab-quality “Complete Blood Count” (CBC) tests from finger prick samples at the point-of-care. Sight Diagnostics is an OurCrowd portfolio company having facilitated two investment rounds in… Read More

July 15, 2018 @ 12:00 pm By JD Alois  |  

UK research firm Beauhurst published a report recently that highlighted foreign investment into high growth UK firms. According to their numbers, foreign investment is booming in the UK – in spite of Brexit induced jitters. The report states that during 2017 foreign investment hit £6… Read More

July 15, 2018 @ 9:21 am By JD Alois  |  

  As was reported last week, the Securities Token Roundtable is continuing deliberations in Barbados over the weekend. Organized in part by the efforts of Polymath who is hosting the event, the meeting includes a good number of emerging platforms and industry participants seeking to… Read More

July 14, 2018 @ 4:29 pm By Xu Gao  |  

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

July 14, 2018 @ 1:06 pm By Cali Haan  |  

The grand jury indictment filed in Washington Friday by the Mueller team claims multiple units of Russian spies used bitcoins in, “large-scale cyber operations to interfere with the 2016 U.S. presidential election.” Although cybersecurity experts recently warned the US Senate Subcommittee on Crime and Terrorism… Read More

July 13, 2018 @ 2:15 pm By Alessandro Lerro  |  

ICOs (Initial Coin Offering) have established themselves in the last year as an effective tool to finance technological start-ups, generally linked to the digital world: from January 2017 to May 2018 about 12 billion dollars were collected issuing tokens. As with more traditional equity offerings,… Read More

July 13, 2018 @ 7:37 am By JD Alois  |  

The #MetaHash team has announced that is has successfully been examined by the Swiss Financial Market Supervisory Authority (FINMA) which has officially concluded that the #MetaHashCoin (#MHC) will be recognized as money of general utility with payment functions. This is the first cryptocurrency to be… Read More

July 12, 2018 @ 12:00 pm By Samantha Hurst  |  

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced on Wednesday that more than 300 applications were submitted for the program’s 2018 edition. The accelerator began accepting application in May. As previously reported, FinTech Hive was… Read More

July 12, 2018 @ 10:05 am By JD Alois  |  

Binance, one of largest cryptocurrency exchanges in the world, has announced an investment in Founders Bank based in Malta. Several months back, Binance famously migrated operations from Asia to Malta – an important coup for the “blockchain island.” Malta has enacted legislation designed to encourage blockchain… Read More

July 12, 2018 @ 9:57 am By Erin Hobey  |  

Barcelona-based Nano by Saurina, a cosmetic brand that aims to maximize the positive results from aesthetic medicine and cosmetic treatments while avoiding the need for further treatment, is seeking to raise £250,000 for 10.94% equity with the help of Crowdcube investors. To date, in the early… Read More

July 12, 2018 @ 9:30 am By JD Alois  |  

Lending Works has received £2.8 million in funding in a round led by Maven Capital Partners, with £800,000 of backing from Pollen Street Capital and NVM Private Equity. The UK peer to peer lender said proceeds will be used to fuel growth including loan customer acquisition… Read More

July 12, 2018 @ 7:41 am By Samantha Hurst  |  

Bambu, a Singapore-based robo-advisory solutions provider, announced this week it secured $3 million through its Series A financing round, which was led by Franklin Templeton Investments.  Founded in 2016 by Ned Phillips and Aki Ranin, Bambu describes itself as a leading global provider of robot-advisory technology… Read More

July 12, 2018 @ 7:28 am By Erin Hobey  |  

Ahoy! Last time we heard from Plutus the app and debit card platform has secured $1 million in a crowdsale in 2016 (before the crowdsale craze) with the intent of creating a streamlined payment system using blockchain. Now, nearly two year later, the fintech platform named for… Read More

July 11, 2018 @ 12:38 pm By JD Alois  |  

Once again, the UK Department for International Trade (DIT) is booking trips abroad to promote and interact with financial innovation types around the world. DIT has scheduled two trips for this Fall. First, DIT has scheduled their second UK Fintech Mission to Mexico City from 11-14… Read More

July 11, 2018 @ 11:08 am By JD Alois  |  

As turmoil swirls within the UK government regarding Brexit approach and Brussels ponders its next step, at least one report has a positive spin on the UK economy. OFX, a payments platform, has shared data that claims UK SMEs are pretty positive in the face… Read More