Global

March 8, 2018 @ 11:23 pm By JD Alois  |  

This past week, the National Crowdfunding and Fintech Association of Canada (NCFA) held its annual event in Toronto that saw over 500 participants join to discuss Fintech from around the world. FFCON18 Velocity covered the wide ranging spectrum of current topics in the realm of… Read More

March 8, 2018 @ 6:30 pm By JD Alois  |  

Danielle Szetho, the longtime CEO of FinTech Australia, announced her resignation today following two successful years of guiding the young organization to become the leading voice for innovative finance in Australia. FinTech Australia said that Sara Worboys will take over as interim CEO beginning March… Read More

March 8, 2018 @ 2:02 pm By Erin Hobey  |  

Over 1620 investors have poured more than £1,074,980 into Northern Monk Brewing Co.’s Crowdcube campaign. The brewer successfully surpassed its initial funding target of £500,000 for 9.71% equity in a few hours during the campaign’s first day. Founded by Russell Bisset in 2013 with brewing history… Read More

March 8, 2018 @ 11:34 am By JD Alois  |  

The European Commission is finally address a pressing issue: facilitating online capital formation across all member countries in the European Union. Since investment crowdfunding emerged as a viable form of providing access to capital to early stage – and later stage companies – the industry… Read More

March 8, 2018 @ 10:08 am By JD Alois  |  

UK based challenger bank Atom Bank has closed on a £149 million funding round led be BBVA and Toscafund. Since Atom Bank launched in April 2014, the digital bank has raised just shy of £400 million of equity capital through the support of private and institutional… Read More

March 8, 2018 @ 9:29 am By JD Alois  |  

Overstock (NASDAQ:OSTK) is moving things around once again by boosting its ownership in Bitt.com, a Blockchain based payments platform that is based in Barbados. The move was orchestrated by Medici Ventures, Overstock’s Blockchain subsidiary, and it was part of an option that was exercised to invest… Read More

March 8, 2018 @ 8:50 am By Samantha Hurst  |  

BABB (Bank Account Based Blockchain), an FCA authorized payment institution headquartered in the Level39 fintech accelerator in Canary Wharf, announced on Wednesday it successfully raised its targeted $20 million in a sold-out initial coin offering (ICO) and is now set to open its first regulated blockchain-based bank accounts before… Read More

March 8, 2018 @ 8:30 am By JD Alois  |  

FundedByMe, an investment crowdfunding platform based in Sweden, is expanding into Poland. The platform has now established a new office in Warsaw representing the sixth international location beyond Sweden. FundedByMe says the aim is to meet the funding needs of a rapidly growing market consisting… Read More

March 8, 2018 @ 6:59 am By JD Alois  |  

The European Commission has published their Fintech Action Plan representing a strategic approach to boosting “technology-enabled innovation in financial services”.  As a first “major deliverable,” the Commission published new rules designed to help crowdfunding platforms to expand across the EU’s single market. The Commission is also… Read More

March 8, 2018 @ 1:58 am By JD Alois  |  

Investment crowdfunding platform FundedByMe says that more women are investing through crowdfunding than ever before. The Sweden based operation says that in 2017 women accounted for 27% of aggregate capital invested in early stage companies on the FundedByMe platform. When comparing January and February of… Read More

March 7, 2018 @ 8:16 pm By JD Alois  |  

Thailand may launch new rules governing initial coin offerings (ICOs) and cryptocurrencies in general later this month. This is according to a report in the Bangkok Post today referencing multiple government officials. According to the write up, Thailand will define digital currencies as property –… Read More

March 7, 2018 @ 9:02 am By JD Alois  |  

The UK Department for International Trade (DIT) has announced its selected delegates to participate in a trade mission scheduled to take place in the US this coming April.  According to the DIT, the following 15 Fintech firms have been selected: AccessPay is on a mission to… Read More

March 6, 2018 @ 9:35 pm By JD Alois  |  

FinTech Australia and the NSW Government’s Jobs for NSW are joining to launch the 2018 Finnie awards. According to FinTech Australia, a total of 23 awards will be presented including Fintech Organisation of the Year, Outstanding Fintech Leader of the Year, Female Fintech Leader of the… Read More

March 6, 2018 @ 7:16 pm By Erin Hobey  |  

This past January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. TrueUSD aims to offer a more stable… Read More

March 6, 2018 @ 4:18 pm By Erin Hobey  |  

The World Economic Forum announced the creation of a new consortium to strengthen cybersecurity for fintech companies and data aggregators. The consortium’s founding members include global bank Citigroup, insurance company Zurich Insurance Group, fintech lender Kabbage, infotech company Hewlett Packard Enterprise (HPE), and financial infrastructure… Read More

March 6, 2018 @ 10:30 am By JD Alois  |  

Following its January launch, Blend Network has expanded its senior management team with the appointment of Beauty marketplace founder and former Morgan Stanley Vice President Roxana Mohammadian-Molina. This comes after Blend hired former senior Lloyds banker Charles Lamplugh. Roxana Mohammadian-Molina joins Blend Network after exiting… Read More

March 6, 2018 @ 8:40 am By Erin Hobey  |  

Robo.cash outlined the results of its first year in operation on the European P2P lending market: 2,000 investors from the EU and Switzerland invested over €3M in the issue of 330,000 short-term PDL-loans in Kazakhstan and Spain. The average inflow of investments is €240,000 with… Read More

March 5, 2018 @ 3:02 pm By Samantha Hurst  |  

Collateral, a UK-based peer to peer lending platform, has reportedly gone into administration after trading without a proper license. According to various reports, a letter was sent to investors from the company’s administrator, named Gordon Craig, that stated the company was operating in the belief that… Read More

March 5, 2018 @ 7:38 am By JD Alois  |  

BondMason, a direct lending service for investors that focuses on peer to peer lending opportunities, has released a note on recent actions in the SIPP space (Self Invested Pension Plans). Stephen Findlay, CEO of BondMason, says that SIPP administrators are right to tread carefully when reviewing… Read More

March 4, 2018 @ 9:55 am By JD Alois  |  

The Tezos Foundation has expanded its Board, according to a release from the group. Tezos added that it was strengthening its cooperation with the core development team and providing more resources while adding developers. Simultaneously, the Foundation has partnered with the OCaml Software Foundation to… Read More