Global

October 6, 2017 @ 10:45 am By JD Alois  |  

Racefields has announced that its debt trading platform RCX has garnered a listings value of £5.7 million in just two weeks following platform launch. The platform shares that each bridge loan is value from between £250,00 to £1.7 million. These loans are a mix of… Read More

October 6, 2017 @ 9:29 am By JD Alois  |  

Moody’s Investor Service has upgraded 4Finance‘s credit ratings to B2 from B3. The upgrade comes as 4finance says it has passed € 5 billion in loan originations. The 4finance S.A. senior unsecured issuer rating was also upgraded to B2 from B3. The outlook on all ratings… Read More

October 6, 2017 @ 8:35 am By JD Alois  |  

Andrew Hauser, the Executive Director of Banking, Payments and Financial Resilience from the Bank of England, delivered a speech today explaining why “this time is different.” His statement reflected on detractors who criticize Fintech as more of the same. Sure, ATMs came along and they were… Read More

October 6, 2017 @ 7:58 am By JD Alois  |  

The Bank of England has published an update on their FinTech Accelerator program announcing the latest cohort of proofs of concepts along with a status report. The news shared as part of a speech by Andrew Hauser, Executive Director for Banking, Payments and Financial Resilience delivered… Read More

October 5, 2017 @ 6:16 pm By JD Alois  |  

The European Banking Authority (EBA) has a mission of working towards a single regulatory and supervisory framework for the European Union member states. The goal is to make things simpler for consumers and businesses to operate across the EU. As the digitization of banking and… Read More

October 5, 2017 @ 11:39 am By Erin Hobey  |  

“There are five times fewer small scale developers today than in the last housebuilding boom and not a single one of today’s top ten housebuilders was created before 1990. There is a clear monopoly in the sector,” clarified LendInvest Co-Founder & CEO Christian Faes. “What was clear… Read More

October 5, 2017 @ 11:08 am By Erin Hobey  |  

Two years ago, Companisto celebrated the record-breaking €7.5 million campaign for Weissenhaus Grand Village & Spa. The German platform claimed Europe’s largest crowdfunding campaign as approximately 1600 investors participated in the public offer. Weissenhaus, a 5 star resort and village located on the North Sea approximately 100… Read More

October 5, 2017 @ 10:47 am By JD Alois  |  

Mambu has been enlisted to power ABN AMRO’s newly launched online lending platform New10. Mambu will be the SaaS engine for a range of small and medium enterprise (SME) lending products in the Netherlands. New10 will provide SMEs a credit decisions within 15 minutes. Mambu… Read More

October 5, 2017 @ 8:58 am By Erin Hobey  |  

  Desktop Genetics Ltd (DTG), a software company revolutionising the way biologists use CRISPR genome editing technology, and online investment platform SyndicateRoom have just opened a £1.5 million investment round. DTG plans to use the funds to commercialise products and support its expansion into the… Read More

October 4, 2017 @ 7:32 am By JD Alois  |  

ZOA Robotics, a “biologically inspired robot creator, has secured seed investment from the British Robotics Seed Fund (BRSF). The £85,000 investment is said to be the first of a series that have been made by the UK’s robotics-focussed investment firm. ZOA Robotics is also raising… Read More

October 3, 2017 @ 2:14 pm By Samantha Hurst  |  

California-based global innovation platform Plug and Play announced last week its Winter 2017 Batches. The platform reported that it will run five programs this quarter focused on Health & Wellness, Insurtech, Internet of Things, Mobility, and Travel & Hospitality. According to Plug and Play, the selection process engages… Read More

October 3, 2017 @ 11:50 am By Erin Hobey  |  

Lendy, the UK P2P property platform, has increased its pretax profits by 164% over the last year, rising from £1.04m to £2.74m, while turnover increased 104% over the same period, going from £13.5m to £27.5m. Lendy is now one of Europe’s leading P2P secured property platforms,… Read More

October 3, 2017 @ 11:37 am By Erin Hobey  |  

Co-founded by CEO James Egan and COO Adrian Murphy in 2014, Shaw Academy is a UK-based online education provider which teaches a variety of subjects live through their bespoke software platform. Having taught over 4,000,000 students from all over the world, the platform is currently growing… Read More

October 3, 2017 @ 9:00 am By JD Alois  |  

Crowdcube, the UK’s largest crowdfunding platform, is reporting another strong quarter of performance in 2017 along with over £1 million generated in company revenue. According to the platform, Crowdcube launched 70 offerings in Q3 of 2017 – 3X more than same period year prior. Platform… Read More

October 3, 2017 @ 8:42 am By JD Alois  |  

Shojin Property Partners is the newest entrant into the property crowdfunding space. The London based, FCA regulated crowdfunding platform was officially opened on 27th September. Shojin seeks to will investors looking to invest in property with property developers looking for funding.  Interestingly, Shojin said that… Read More

October 3, 2017 @ 6:46 am By JD Alois  |  

Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located  in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore… Read More

October 2, 2017 @ 11:20 pm By JD Alois  |  

Seedrs, one of the leading UK based investment crowdfunding platforms, has closed on £10 million in funding with £4 million coming from Woodford Investment Management and the balance coming from retails investors via their own platform. The deal was announced earlier this month with Seedrs… Read More

October 2, 2017 @ 4:04 pm By JD Alois  |  

SMSCHAIN has announced the launch of the blockchain based application that is said to connect everyone willing to sell their unused SMS to aggregators, providing A2P (application to person) SMS delivery services to businesses on a global decentralized platform. Andrey Insarov, CEO of SMSCHAIN, also… Read More

October 2, 2017 @ 12:35 pm By JD Alois  |  

OTC Markets (OTCQX: OTCM) has formed a parternship with the Canadian Securities Exchange (CSE), a Canadian listing exchange recognized as a Qualified Foreign Exchange in the U.S.. The strategic alliance is said to offer a new program for issuers looking for an efficient IPO experience… Read More

October 2, 2017 @ 11:31 am By JD Alois  |  

Proplend, a UK based peer to peer lender in the property space, has now topped £25 million in online lending. Proplend revealed the accomplishment in a recent blog post where it also shared it has been shortlisted for the Best Peer to Peer Lender for… Read More