Global

September 19, 2017 @ 2:17 pm By Samantha Hurst  |  

Global technology distributor Avnet (NYSE: AVT) announced on Tuesday it has teamed up with Dragon Innovation and Kickstarter to launch Hardware Studio. This new program includes Toolkit, a community site where creators may participate in tutorials and live webinars with industry experts before launching their… Read More

September 19, 2017 @ 1:43 pm By Erin Hobey  |  

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. “Institutions… Read More

September 19, 2017 @ 1:16 pm By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.  The selected firms are currently undergoing an intensive five-week… Read More

September 19, 2017 @ 12:24 pm By Erin Hobey  |  

Propy, the global property store and decentralized title registry, has raised $15 million from 6,597 participants in its PRO token sale to put the international real estate market on the blockchain. Prior to the start of the public sale, Propy and CEO Natalia Karayaneva secured $2 million in… Read More

September 19, 2017 @ 11:03 am By JD Alois  |  

Innovate Finance and Magister Advisors have published a report that shows later stage Fintech funding rounds are increasing. According to the joint report, entitled “The State of European FinTech: Current Trends and Predictions”, released during the inaugural Innovate Finance FinTech Growth Forum in London, the… Read More

September 19, 2017 @ 9:15 am By JD Alois  |  

Enertor, the insole company endorsed and worn by track star Usain Bolt, has completed its crowdfunding round on Crowdcube. The offer closed at £1.03 million having received the backing of 1025 investors. The crowdfunding campaign went live on August 7 and easily topped its £750,000… Read More

September 19, 2017 @ 9:06 am By JD Alois  |  

Phenomenon One Communications (PH1), described as a profitable web-based telecommunications company, has successfully raised its minimum fundraising target through crowdfunding platform Crowd for Angels. PH1 has so far raised £67,004 from 29 investors via a 1 year crowd bond, paying an annual interest rate of… Read More

September 19, 2017 @ 8:36 am By Samantha Hurst  |  

ID Finance, the emerging markets fintech company, has expanded its presence in Latin America with a launch into the Mexican online lending market. The announcement comes less than a year after the company launched operations in Brazil and represents another key milestone as it continues… Read More

September 19, 2017 @ 8:14 am By JD Alois  |  

Hogan Lovells, a global law firm, is showcasing its recently launched Hogan Lovells “Engage”: Authorization Tool. The new Regtech application aims to guide Fintech startups through the process of authorization from the Financial Conduct Authority (FCA). The tool is free to use on the Hogan Lovells… Read More

September 19, 2017 @ 7:54 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published their approach to the EU directive known as PSD2.  This directive defines the requirements for firms that provide payment services and impacts a wide range of financial service firms including Fintechs. PSD2 ostensibly aims to improve consumer… Read More

September 18, 2017 @ 10:49 pm By JD Alois  |  

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

September 18, 2017 @ 10:35 pm By JD Alois  |  

Earlier this month, Mexican President Enrique Peña Nieto declared that, “Today, one of the challenges we have, and perhaps an instrument to ensure further development, is financial inclusion”. Fintech is viewed as the way to provide better services to the masses. President Peña Nieto announced… Read More

September 18, 2017 @ 12:10 pm By JD Alois  |  

SyndicateRoom is one of the “big three” investment crowdfunding platforms in the United Kingdom. While it may not be the largest in terms of deal volumes, it has led the way for pairing professional investors alongside retail types for listed offers. This is important. Not… Read More

September 18, 2017 @ 11:42 am By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

September 18, 2017 @ 8:11 am By JD Alois  |  

Property Moose, a property focused crowdfunding platform, has secured £850,000 of equity funding from RCP Holdings, a Guernsey-based Asset Management firm. DFI Financial Services Limited, DBA as Property Moose, has now raised more than £2 million since its inception in 2013. Several years ago, Property… Read More

September 18, 2017 @ 7:51 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The agreement is said to enhance information sharing and cooperation around supervisory issues, further extending the existing relationship between the two markets. DFSA has recently been… Read More

September 18, 2017 @ 7:41 am By JD Alois  |  

The Centre for Finance, Technology, and Entrepreneurship (CFTE), a UK based education platform for the finance industry, is has partnered with LATTICE80, an international Fintech hub based in Singapore. The partnership between the two entities is designed that to spur the growth of Fintech within… Read More

September 17, 2017 @ 12:28 pm By JD Alois  |  

In a recent post on Bondora, the Estonian peer to peer lender, the company announced that it had surpassed €100 million in loan originations. As Bondora states, the platform has now lent €102 million, paying out €15 million in interest to 28,541 investors. Bondora has also reached cash… Read More

September 17, 2017 @ 10:55 am By JD Alois  |  

The ICO for ICO’s – ICOBox Token Sale has attracted 3933 BTC in its token (ICOs) crowd sale. At current exchange rates, ICOBox has raised over USD $14.5 million. The offer was launched on August 15 and closed 32 days later. The ICO was impacted… Read More

September 16, 2017 @ 10:46 am By JD Alois  |  

Ezubao executives are looking at doing some hard time following the conclusion of proceedings at Beijing No. 1 Intermediate Peoples Court. Ezubao maintains the ignominious record of the largest peer to peer lending fraud ever. The Ponzi scheme has been estimated at pilfering over $7.7… Read More