Global

December 22, 2017 @ 7:28 pm By JD Alois  |  

SingularityNet, the decentralized marketplace for Artificial Intelligence (AI), is reporting their ICO raised $36 million in just 60 seconds. While I am not certain if this is a record but it is probably one of fastest ever. Gifto recently sold out in a minute but… Read More

December 21, 2017 @ 11:31 pm By JD Alois  |  

The Exiting the European Union Committee, appointed by the House of Commons to examine the process of the Department for Exiting the European Union , released a grouping of documents from the Department today.  As one may expect, the slew of reports addressed certain aspects regarding ramifications of the… Read More

December 21, 2017 @ 5:14 pm By JD Alois  |  

FCA authorised crowdfunding aggregation platform InvestUp may be going crypto. The UK based Fintech has so far focused on the peer to peer lending space but management is currently looking at adding algorithm driven cryptocurrency investing. InvestUp shares that 2017 has been another good year… Read More

December 21, 2017 @ 10:32 am By JD Alois  |  

Finom, based in Switzerland, claims the “largest increase in stock capital via cryptocurrency in world history”. The blockchain focused company Finom AG has announced it has become the first company in the world to increase its stock capital by an unprecedented level of Ether (ETH)… Read More

December 21, 2017 @ 9:53 am By JD Alois  |  

Shadow Foundr is a crowdfunding platform with a bit of a twist. Proposals are vetted first and then shared with their internal network of angel investors before any crowdfunding takes place. If these “real life dragons” are willing to commit 30% of the funding target,… Read More

December 21, 2017 @ 7:56 am By Erin Hobey  |  

Findings from global research conducted by the business finance company MarketInvoice in November / December 2017 which analyzed 80,904 invoices raised by UK SMEs to a range of businesses across the UK and to 93 countries reveal that 62% of invoices issued by UK SMEs in… Read More

December 20, 2017 @ 2:32 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has released a statement on Brexit and the implications on financial services firms. The UK has already seen an undetermined number of departures in financial services but Reuters published several months back a survey that indicated 10,000 UK finance jobs… Read More

December 20, 2017 @ 11:50 am By JD Alois  |  

Ælf, a Blockchain based company developing a ‘Cloud Operating System’ designed to become a central hub for all Blockchains, has announced a pre-sale raise of 55,000 Ether. During the “under the radar” initial coin offering, the spot price was about $450 per ETH. Today, as… Read More

December 20, 2017 @ 10:50 am By JD Alois  |  

Raisin, a unique financial marketplace that empowers savers to access the best interest rates across Europe, has received a strategic investment from global payments platform PayPal (NASDAQ:PYPL). This is an interesting development for Berlin based Raisin and a further validation of their disruptive service. Raisin… Read More

December 20, 2017 @ 10:10 am By Samantha Hurst  |  

Finova Financial, a digital financial services provider transforming the future of global banking, announced on Tuesday the first stage of international expansion for the equity-linked token, JOBS Crypto Offering (JCO), through a partnership with Canadian online investment platform, FrontFundr. Finova revealed that its token will… Read More

December 20, 2017 @ 8:09 am By Erin Hobey  |  

Sancus BMS Group, the alternative finance provider, has confirmed the appointment of Andrej Bristow as Credit Manager to support their specialist P2P property finance business, Funding Knight. As the firm gears up for future growth and increased regulatory focus, Bristol will be responsible for credit… Read More

December 20, 2017 @ 7:50 am By Erin Hobey  |  

Singapore-based crowdfunding platform FundedHere has raised S$516,000 for local startup AEvice Health in an oversubscribed 30-day campaign that exceeded its original S$450,000 target. The campaign was funded by 11 investors – nine accredited investors, one professional investor and one institutional investor – registered on FundedHere’s platform…. Read More

December 20, 2017 @ 7:39 am By JD Alois  |  

Tandem, a digital challenger bank, has received regulatory approval from the Bank of England’s Prudential Regulatory Authority to acquire Harrods Bank. Tandem’s purchase of Harrods Bank is being described as a major step forward as Tandem will gain access to a full banking license, intrinsic… Read More

December 19, 2017 @ 11:42 am By JD Alois  |  

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be… Read More

December 19, 2017 @ 8:36 am By JD Alois  |  

Assetz Capital, a UK based peer to peer lender, has announced the launch of its Innovative Finance ISA (IFISA). The IFISA is available as a wrapper on all of the automated investment accounts, with the Manual Lending Account also set to be allowed into the… Read More

December 19, 2017 @ 8:27 am By Erin Hobey  |  

Founded in 2016 by CEO Alexander Ivanov, the public blockchain platform Waves has recently begun its global expansion with a permanent presence in Amsterdam as well as Moscow, thanks to its strategic partnership with Primalbase. The Berlin office has already been opened and Waves will… Read More

December 19, 2017 @ 8:11 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published an investor warning today telling the public to proceed with “extreme caution” when they invest in cryptocurrencies. The statement by MAS comes as the price of Bitcoin has gone hyperbolic nearing $20,000 per BTC. At the beginning… Read More

December 19, 2017 @ 7:49 am By JD Alois  |  

  Bloomio, a Zug, Switzerland based Fintech startup, has launched a new spin on equity crowdfunding. Bloomio is adopting Blockchain to allow early stage companies to raise equity capital in tokenized funding rounds. Having completed the first seeding round, raising CHF 700,000 from founders and private… Read More

December 19, 2017 @ 1:00 am By JD Alois  |  

The Coalition for a Digital Economy (Coadec), an independent advocacy group that serves as the policy voice for Britain’s tech-led startups and scale-ups, has appointed Dominic Hallas as its new Executive Director. According to Coadec, Hallas will join the group at a critical time as… Read More

December 18, 2017 @ 5:19 pm By JD Alois  |  

FinTech Australia has provided a comment on the consultation paper published in August regarding authorising new entrants into the banking industry. The creation of digital challenger banks in Australia is a welcomed move but, according to FinTech Australia, needs some improvement. The discussion paper proposes… Read More