Global

August 8, 2017 @ 8:55 am By JD Alois  |  

London-based investment manager, Downing LLP, has added Sean Moore, previously of Green Investment Bank, to its growth and energy investment team. In his new role, Moore will join the 35-strong investment team at Downing to build deal origination, with an emphasis on both growth and energy… Read More

August 8, 2017 @ 8:40 am By JD Alois  |  

LendIt Europe, a Fintech and lending conference, and Startupbootcamp FinTech, a leading global Fintech accelerator, have announced the judging panel for the second annual PitchIt Europe competition. The startup competition will take place later this fall in London and applications are being accepted now with… Read More

August 8, 2017 @ 8:10 am By JD Alois  |  

UK shaving supplier Cornerstone has completed a new £3.5 million funding round led by private equity firm Calculus Capital. Cornerstone said that e-commerce veteran William Reeve (previously on the boards of Graze, Lovefilm, Zoopla & Paddy Power) has also joined the Cornerstone team. Other angel… Read More

August 7, 2017 @ 9:55 pm By JD Alois  |  

zipMoney (ASX:ZML) has announced a $40 million strategic investment from Westpac Banking (ASX:WBC). The investment was paired with an agreement for the two companies to explore the integration of Zip’s products and services into Westpac’s network across Australia. The investment will be by subscription of… Read More

August 7, 2017 @ 8:47 am By JD Alois  |  

Peer to peer lender  Fellow Finance has added a new invoice financing option for SMEs in search of finance. Fellow Finance, which is based in Finland, said this move established their company as the most comprehensive crowdfunding platform in Europe for long-term business loans and… Read More

August 7, 2017 @ 8:10 am By Therese Torris  |  

A new entrant in German online real estate lending, iFunded wants to address the market of larger property development projects that lie beyond the scope of real estate crowdfunding. Partnering with umbrella investment bank NFS Netfonds Financial Service, the platform is launching its first €10… Read More

August 7, 2017 @ 7:40 am By JD Alois  |  

The international financial center in Abu Dhabi, Abu Dhabi Global Market (ADGM), has entered into a partnership with the Responsible Finance & Investment Foundation (RFI). The two entities have joined in a partnership to bolster the growth and sustainability of the Fintech ecosystem through financial… Read More

August 6, 2017 @ 6:51 pm By JD Alois  |  

The Commissão de Valores Mobiláros (CVM) in Brazil has published their regulatory regime to legalize investment crowdfunding. The document outlining the rules is embedded below (in Portuguese). The Investment crowdfunding regulation (Regulation 588) creates a new exemption for issuers of securities to raise funding online…. Read More

August 6, 2017 @ 1:00 pm By Xu Gao  |  

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

August 6, 2017 @ 8:51 am By JD Alois  |  

Here is something we do not read too often. New Zealand based equity crowdfunding platform Snowball Effect has recorded a profit for the year ending March 2017. According to multiple reports, Snowball Effect posted net earnings of $12,404 versus a loss of $76,428 for the… Read More

August 6, 2017 @ 8:00 am By Erin Hobey  |  

From June 7-9 Utrecht School of Economics (U.S.E.) hosted the inaugural Crowdfunding research week of the European Centre for Alternative Finance (ECAF), co-organized by U.S.E., CrowdfundingHub and Sustainable Finance Lab. 37 researchers from seven European countries spanning 21 organisations contributed to the successful event. The… Read More

August 5, 2017 @ 7:54 am By Samantha Hurst  |  

On Saturday, Fintech Australia released a new infographic that revealed more details about the Australian fintech industry’s successes so far this year. This infographic comes just after the organization revealed that Sydney could potentially challenge Singapore as a fintech hub. The organization shared: “We’ve prepared… Read More

August 4, 2017 @ 2:07 pm By Erin Hobey  |  

Camden Highline has raised £63,980K on Spacehive, almost double its initial target a month after beginning its crowdfunding campaign. The campaign benefitted from a wave of support from the Mayor of London Mayor of London Sadiq Khan and Camden Market, who joined over 300 residents, community… Read More

August 4, 2017 @ 1:05 pm By Samantha Hurst  |  

Global fintech firm InvestCloud Inc. announced on Thursday it has been appointed by Dinosaur Merchant Bank Ltd. to provide the new digital platform for the bank’s European and Latin American wealth management customers. The company revealed that Dinosaur Merchant Bank will be using its flagship… Read More

August 4, 2017 @ 8:17 am By JD Alois  |  

The UK government has proposed a  new “National Investment Fund” launched to help innovative UK start-ups become “world-leading unicorns”.  According to HM Treasury, the Fund will ostensibly fill a £4 billion funding gap between US and UK firms and boost investment into entrepreneurial firms. HM… Read More

August 3, 2017 @ 3:45 pm By Valentina Ausserladscheider  |  

At the end of June, the Cambridge Centre for Alternative Finance (CCAF) hosted its second annual conference that saw participants from the world of finance from all over the world. The conference was entitled Navigating the Contours of Alternative Finance and sought to provide a… Read More

August 3, 2017 @ 1:50 pm By Erin Hobey  |  

Put your money where you mouth is. Luxembourg-headquartered Skype developed and launched Send Money, a fintech feature that allows users to transfer funds using PayPal via the latest Skype mobile app while users are “in the middle of a conversation.” Now you can pay up… Read More

August 3, 2017 @ 11:31 am By Erin Hobey  |  

MeineSpielzeugkiste (MyToyBox), a children’s toys sharing platform, has retuned to Companisto for a second round of equity crowdfunding. MeineSpielzeugkiste has established itself in the market and cooperates with almost all major toy manufacturers, offering 250 toys from brands including Playmobil, Ravensburger, Hasbro, Haba and LEGO. Families… Read More

August 3, 2017 @ 10:51 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction. The Agreement was signed by Paul Muthaura, Chief Executive,… Read More

August 3, 2017 @ 10:28 am By JD Alois  |  

Kabbage is out with some big news. SoftBank has committed $250 million in an equity investment into the online lender. This is a significant statement on the belief that Kabbage is on the right trajectory when it comes to the competitive online lending market. SoftBank… Read More