Global

January 9, 2018 @ 7:28 am By JD Alois  |  

Britbots has announced the launch of their second British Robotics Seed Fund.  The new fund follows the success of the first fund, which has now been fully invested, leading the seed rounds of six robotics and artificial intelligence (AI) ventures. Britbots says the new fund… Read More

January 8, 2018 @ 9:17 pm By JD Alois  |  

SeedInvest is one of the most selective investment crowdfunding platforms in the US. Launched in 2012 by Ryan Feit and James Han when the JOBS Act of 2012 was signed into law, the two founders most likely had no idea how long it would take… Read More

January 8, 2018 @ 1:45 pm By Samantha Hurst  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced on Monday it has entered into a fintech cooperation agreement with the Bahrain Economic Development Board (EDB). The organization noted that the agreement marks a significant first in the MENA region. Notably, with the new… Read More

January 8, 2018 @ 11:14 am By JD Alois  |  

InvestHK, part of the Hong Kong Special Administrative Region Government established in 2000 to attract foreign direct investment and support businesses to expand in Hong Kong, has released details of the forthcoming StartmeupHK Festival 2018 scheduled to take place from January 29 to February 2nd…. Read More

January 8, 2018 @ 9:02 am By JD Alois  |  

Jibrel Network, a decentralized protocol for storing and transacting traditional financial assets on the ethereum blockchain, has hit its hard cap of $30 million a month ahead of schedule, according to a report from the company.  The initial coin offering (ICO) closed on December 27th…. Read More

January 8, 2018 @ 7:25 am By JD Alois  |  

Accenture has released their shortlist of Fintech startups that are tackling regulatory challenges with a digital solution. These Regtech firms seek to participated in Accenture’s FinTech Innovation Lab London to participate in a three-month fintech accelerator program running from January 2 – March 22, 2018…. Read More

January 8, 2018 @ 6:35 am By JD Alois  |  

Seedrs, a UK based crowdfunding platform, has published full year results for 2017.  According to the company, during the year £125 million was invested in 168 different deals – the biggest year since platform launch. Investors came from 58 different countries making more than 46,700… Read More

January 6, 2018 @ 5:20 pm By Xu Gao  |  

Tencent Wins Third-Party Fund Sales License On January 2, 2018, the Shenzhen Securities Regulatory Bureau issued this year’s first fund sales license to internet giant Tencent Holdings, or more specifically Teng An Information Technology (Shenzhen) Co., Ltd. According to the document, the company was allowed… Read More

January 6, 2018 @ 12:10 pm By JD Alois  |  

While most people in the developed world have access to a fair selection of financial services in the undeveloped world this story is different. In fact, the World Bank estimates that around 2 billion people are underbanked or not banked at all. In many parts… Read More

January 5, 2018 @ 3:00 pm By Samantha Hurst  |  

This week UK digital challenger bank Monzo announced it was introducing a 3% charge on cash withdrawals made for international ATMs, after a free 30-day allowance £200. Most debit card issuers charge a fee for off network cash withdrawals but some do not, depending on the country…. Read More

January 5, 2018 @ 11:58 am By JD Alois  |  

HM Treasury appointed Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA). The appointment commences on April 1st and is for a 5 year term. Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and… Read More

January 5, 2018 @ 9:45 am By JD Alois  |  

Crowdfunding platform Crowd2Fund has launched a £30 million “institutional fundraise” while opening up the offer to platform investors. According to the company, over 100 site users have already invested £1.5 million in the offer. Reportedly, demand was sufficient enough to open up an additional £8.5… Read More

January 4, 2018 @ 2:12 pm By Erin Hobey  |  

Cebiotex, a CataloniaBio member, has launched a new crowdequity campaign to raise €650,000 through CapitalCell in order to ensure its first drug, CEB-01 for post-op treatment of soft-tissue sarcomas, reaches pediatric oncology. The campaign is part of a larger €1.6-million round of funding; since launching, the… Read More

January 4, 2018 @ 1:29 pm By Erin Hobey  |  

Robo-advisor Wealthfront announced a $75 million round of financing led by Tiger Global Management with participation from all existing venture capital investors, including Benchmark Capital, DAG Ventures, Greylock Partners, Index Ventures, Ribbit Capital, Social Capital and Spark Capital Growth. Launched by Andy Rachleff and Dan Carroll in December 2011, Wealthfront currently… Read More

January 4, 2018 @ 12:55 pm By Erin Hobey  |  

Qtum, a blockchain application platform, has partnered with Baofeng, a Chinese video portal, to help achieve the world’s first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network. With the help of Baofeng, Qtum will run 50,000 full network nodes and reportedly claim the… Read More

January 4, 2018 @ 10:00 am By JD Alois  |  

Downing Crowd, the crowdfunding platform affiliated with Downing LLP,  is helping Oakman Bedfordshire Holdings raise £1.82 million in relation to the acquisition of the freehold of The White Hart, a pub restaurant property based in Bedfordshire which is leased to Oakman Inns and Restaurants. The… Read More

January 3, 2018 @ 10:10 am By JD Alois  |  

Ant Financial, part of tech conglomerate Alibaba, announced its intent to purchase MoneyGram (NASDAQ: MGI)  a year ago. The acquisition would have combined MoneyGram’s money transfer network of 2.4 billion bank and mobile accounts with Alibaba’s fast growing global Fintech presence. MoneyGram is currently active in… Read More

January 3, 2018 @ 7:45 am By JD Alois  |  

Folk2Folk, a unique peer to peer lending platform that combines physical locations with an online platform matching investors with small business loans, has announced the appointment of Giles Cross  Chief Executive Officer (CEO). Cross takes over the position from Jane Dumeresque who announced her resignation… Read More

January 2, 2018 @ 10:27 pm By JD Alois  |  

The Gibraltar Financial Services Commission (GFSC) has announced that its Blockchain, or Distributed Ledger Technology (DLT), is in effect as of January 1, 2018. Firms using Blockchain to transmit or store value, regardless of the service, must be licensed by the GFSC. Nicky Gomez, Head… Read More

January 2, 2018 @ 1:23 pm By JD Alois  |  

Seedrs is a trailblazer in the crowdfunding world. The UK was the first market to craft a regulatory regime that truly facilitated online capital formation for startups, scale ups, and more mature companies. The ecosystem has evolved to a point where crowdfunding is becoming the… Read More