Global

December 5, 2017 @ 12:30 pm By JD Alois  |  

Funding Circle, the UK based online lender focusing on SMEs, has topped an important milestone having surpassed £3 billion on lending since launch in 2010.  Funding Circle has been rather quiet on the accomplishment beyond noting it on their UK home page where it states 30,986 UK… Read More

December 5, 2017 @ 12:07 pm By Erin Hobey  |  

World’s Best, a leading online destination for the luxury lifestyle, has launched a capital raise through SeedInvest to expand their offerings and continue to disrupt the luxury shopping model. At this writing, World’s Best, which is offering securities under both Reg D and Reg CF, has… Read More

December 5, 2017 @ 11:34 am By Erin Hobey  |  

Digital cryptocurrency platform Monero has launched “Project Coral Reef,” an initiative aiming to allow millions of music fans to use Monero to purchase music and merchandise at discounted prices this holiday season. Over 35 iconic music artists, ranging from Weezer to G-Eazy, Morrissey to Mariah Carey,… Read More

December 5, 2017 @ 9:31 am By JD Alois  |  

Starling Bank has been granted approval by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to offer customers a wide array of financial products by the mobile-only bank.  Starling Bank received a license to operate as a bank by the Bank of England… Read More

December 5, 2017 @ 8:21 am By Samantha Hurst  |  

On Monday, New York University’s Stern School of Business announced it secured $8 million to establish The Fubon Center for Technology, Business, and Innovation. The funds were given by alumnus Richard Ming-Hsing Tsai (MBA ’81), Chairman and CEO of Fubon Financial Holding Co., Ltd. together with Fubon Financial Holding… Read More

December 5, 2017 @ 8:03 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

December 5, 2017 @ 7:52 am By JD Alois  |  

Moneyou, is the digital brand of the Dutch mega bank ABN AMRO.  Berlin-based solarisBank, a digital only banking platform that has a full banking license, has just inked an agreement to integrate with Moneyou to provide instantaneous online lending for consumers. Moneyou’s German customers may… Read More

December 4, 2017 @ 5:15 pm By JD Alois  |  

The Swedish electric car creator Uniti has partnered with E.ON to provide a unique benefit for their Swedish customers. With each purchase of a Uniti car in Sweden, E.ON customers will receive five years worth of energy for charging their car at home, and the… Read More

December 4, 2017 @ 12:07 pm By JD Alois  |  

Finom AG has announced a $101 million Initial Coin Offering (ICO). Finom says it has filed for a Reg D exemption for the equity offering thus making it compliant to accept accredited investors in the US. The  token sale is to create a Blockchain-based platform to reduce… Read More

December 4, 2017 @ 7:50 am By JD Alois  |  

  FinTech Australia reports on a major Indonesian delegation, including 16 companies and the nation’s financial services regulators, that discussed topics such as financial innovation and how to foster a robust Fintech industry. FinTech Australia described the delegation as arguably the most significant group of Indonesian… Read More

December 3, 2017 @ 6:54 pm By JD Alois  |  

The European Crowdfunding Network (ECN), the leading advocacy group in Europe for all things alternative finance, recently published a paper entitled, “The European Dimension of Civic Crowdfunding.” Specifically, the document discussed the potential for investment crowdfunding to boost economic effectiveness within the parameters of the… Read More

December 3, 2017 @ 6:26 pm By JD Alois  |  

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

December 3, 2017 @ 10:57 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has launched a “Fintech Supervisory Chatroom” designed to provide regulatory feedback to Fintech firms and authorized institutions. This is part of Hong Kong’s push to become the leading Fintech hub in Asia and part of their young Fintech Sandbox… Read More

December 2, 2017 @ 2:24 pm By JD Alois  |  

Two years ago, Strathberry of Scotland was a Scottish startup looking to create an iconic UK brand in the luxury handbag space. The company leveraged the Kickstarter pre-sale platform to boost exposure for the small company raising £122,000 on a £25,000 goal. The Edinburgh based… Read More

December 2, 2017 @ 12:37 pm By Xu Gao  |  

People’s Bank of China Official Shares Opinions About Fintech Sandbox During the third development forum held by Shanghai Payment & Clearing Association, Li Wei, head of the People’s Bank of China (PBOC) science and technology division, highlighted the importance of setting up trial-and-error mechanisms for… Read More

December 1, 2017 @ 1:32 pm By Barry James  |  

Until now ‘Fintech’ has had a rather timid relationship with crowdfunding – and to put it bluntly many Fintech founders would have rather be seen dead in a ditch than crowdfunding a million dollars or two – even as a first step. Until now. Initial… Read More

December 1, 2017 @ 7:49 am By JD Alois  |  

Downing Crowd is reporting that since the March launch of their Innovative Finance ISA (IFISA), these savings vehicles make up 30% of Downing Crowd investments. Downing Crowd says it has seen a rapid rise in business from IFISA customers, just one year after HM Treasury passed… Read More

November 30, 2017 @ 9:48 pm By JD Alois  |  

Prospa, an online lender serving SMEs in Australia, had a visit from the Honorable Scott Morrison yesterday. The Treasurer of Australia help to open up Prospa’s new high tech Darlinghurst office, which apparently is quite large extending over two floors housing a team of 150…. Read More

November 30, 2017 @ 6:40 pm By Erin Hobey  |  

Currently operating in Granada, Sevilla, Córdoba, Jaén, Huelva, Badajoz, Alicante and Mérida, Mission Box is looking to expand into twenty additional cities by early 2018. The Spanish startup has linked with Crowdcube Spain to make this expansion possible, aiming to secure 230,000€. To date, numbers… Read More

November 30, 2017 @ 3:45 pm By Erin Hobey  |  

Sberbank, Russia’s largest bank which  almost one third of aggregate Russian banking sector assets, is the key lender to the national economy and the biggest deposit taker in Russia. The bank has now spearheaded a Russian banking industry first: a pilot blockchain payment transaction. The transaction used… Read More