Global

December 8, 2017 @ 9:58 am By JD Alois  |  

TMT Investments, an LSE listed company (AIM:TMT.L) has proposed to launch a new Crypto fund to invest in Blockchain startup. The joint initiative includes a group of American investors and will be supported by the Waves Platform. The TMT Crypto Fund will hold both crypto… Read More

December 8, 2017 @ 9:00 am By JD Alois  |  

Property Partner, a UK based property crowdfunding platform, now has over £100 million in Assets Under Management (AUM), according to a report from the platform. This amount represents a 4X increase since December 2015 when Property Partner held £21.9 million in AUM. Property Partner also… Read More

December 8, 2017 @ 8:33 am By JD Alois  |  

HM Treasury has launched a Fintech competition to use rental payment data to improve credit scores and mortgage applications for the 11 million renters in the UK. HM Treasury is offering £2 million to entrepreneurs who can develop an application that will enable Britain’s renters… Read More

December 8, 2017 @ 8:01 am By JD Alois  |  

FinTech Australia, the advocacy group for Australia’s burgeoning Fintech industry, has given its seal of approval following the Australian Parliament’s passage of Anti-Money Laundering (AML) legislation.  According to Fintech leaders, the governmental approach regarding cryptocurrencies, such as Bitcoin, will position Australia as a world leader… Read More

December 7, 2017 @ 9:41 pm By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

December 7, 2017 @ 7:01 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading global research institute for all things Fintech, has published its fourth annual survey on UK alternative finance. According to the report, entitled Entrenching Innovation: The 4th UK Alternative Finance Industry Report, the sector of emerging financial… Read More

December 7, 2017 @ 4:28 pm By Erin Hobey  |  

Downing Crowd, part of Downing LLP, an FCA authorized and regulated investment manager with over 25 years of experience which launched in March 2016, has announced a new opportunity to lend to Oakman Bedfordshire Holdings Limited, a company that owns a freehold pub restaurant, The White Hart… Read More

December 7, 2017 @ 1:10 pm By JD Alois  |  

The Italian financial markets regulator (Consob – Commissione Nazionale per le Società e per la Borsa) has issued resolution No. 20204, a new regulatory provision updating the regulation that introduced equity crowdfunding in Italy. Italy was one of the first European countries to issue a… Read More

December 7, 2017 @ 11:45 am By Erin Hobey  |  

Marking its 15th anniversary year, BFS Capital, a small business financing platform, has extended over $1.7 billion in financing since funding its first deal in 2002. The company also reported that over 75 percent of its originations have occurred in the last five years and more… Read More

December 7, 2017 @ 11:14 am By Erin Hobey  |  

Hot off the press! UK online investment platform SyndicateRoom launched a new report which identifies the fastest-growing business in the UK: Top 100: Britain’s Fastest-Growing Businesses. The SR Top 100 report uses a methodology by Beauhurst to rank the country’s leading startups by their increase in valuation between… Read More

December 7, 2017 @ 10:51 am By JD Alois  |  

Credible, a very promising early stage Fintech marketplace, has gone raised $50 million in an Initial Public Offering (IPO). While the IPO is in itself interesting, the fact that Credible listed on the Australian Securities Exchange (ASX) is telling. The offering, described as the largest… Read More

December 7, 2017 @ 9:10 am By JD Alois  |  

It is quickly becoming a regular occurrence that a crypto exchange or wallet is hacked and unsuspecting users see their Bitcoins plundered. Yesterday, NiceHash had not so nice news as approximately $70 million in crypto was stolen. In a painful tweet, NiceHash shared the news;… Read More

December 7, 2017 @ 8:15 am By JD Alois  |  

The P2PFA has announced revisions to the UK peer to peer lending industry standards it sets for its member platforms. The P2PFA represents the most prestigious online lenders in the country and has been at the forefront of developing a stringent set of principles that… Read More

December 7, 2017 @ 7:42 am By JD Alois  |  

Huobi Group and SBI Holdings (TYO:8473) have agreed to jointly develop Global Digital Asset Markets focusing on cryptocurrency related businesses in China and the greater Asian region. Yoshitaka Kitao, chairman of SBI Holding (formerly Softbank Investment Group) and Leon Li, Chairman of Huobi Group jointly announced… Read More

December 7, 2017 @ 2:30 am By JD Alois  |  

Revolut knows the future of banking is a digital only world with a feature rich mobile ecosystem. Give people what they need and want in online bank and they will keep coming back in droves. Today, as we alluded to last week, Revolut is officially… Read More

December 7, 2017 @ 1:30 am By JD Alois  |  

FundedByMe, an investment crowdfunding platform, has reached its max self-crowdfunding goal of SEK 20 million (USD$ 2.4 million). According to the campaign page, FundedByMe had 867 investors for 8.02% of the company’s shares. FundedByMe launched its offer on November 10, 2017 and easily raised its… Read More

December 6, 2017 @ 8:20 pm By JD Alois  |  

The Australian Securities Exchange (ASX) will migrate away from its Clearing House Electronic Subregister System or “CHESS” to a system using Distributed Ledger Technology (DLT) commonly referenced as Blockchain. The CHESS platform has been in place since the 1990s. ASX said it is now taking… Read More

December 6, 2017 @ 4:59 pm By JD Alois  |  

Yellow Brick Road has added online lender Prospa to its lending panel. The move was described as an effort to diversify its lending offerings for Australian small business customers. Yellow Brick Road is a full service wealth management company that offers products and services for… Read More

December 6, 2017 @ 8:03 am By JD Alois  |  

Raisin, a pan-European marketplace for savings products, has topped 100,000 investors representing an interesting twist in Fintech disruption. As we reported this past summer, Raisin had convinced 75,000 investors to switch over €3 billion into savings accounts held at foreign banks. Today, that number is higher. This… Read More

December 5, 2017 @ 3:29 pm By Samantha Hurst  |  

Real estate investment marketplace platform Wealth Migrate announced on Tuesday it has continued its global expansion by opening additional offices in the UK and UAE. According to Wealth Migrate, the new locations add to its current operations in Hong Kong, China, the U.S., Australia, and South… Read More