Global

July 18, 2017 @ 10:44 am By JD Alois  |  

Beauhurst is out with their monthly report for June and, according to their numbers, things are looking up for equity investments into high growth UK firms. This follows news by OFF3R that said equity crowdfunding in the UK had experienced a record breaking first half… Read More

July 18, 2017 @ 8:37 am By Samantha Hurst  |  

Startupbootcamp FinTech Singapore, a global accelerator that is focused on innovation in financial services, announced on Tuesday its 2017 cohort of startups have secured more than 70 pilots, clients, and key partnerships, with hundreds more in the pipeline. This announcement comes just on the bank… Read More

July 18, 2017 @ 8:28 am By JD Alois  |  

OFF3R is out with a report today on the status of equity crowdfunding in the UK. According to their numbers, the UK investment crowdfunding sector is booming. In fact the OFF3R Index states that UK crowdfunding platforms raised a record £130 million during the first… Read More

July 18, 2017 @ 8:17 am By Erin Hobey  |  

Due to popular demand, the application deadline for this year’s Global FinTech Hackcelerator has been extended to 25 July 2017. The Global FinTech Hackcelerator 2017, powered by KPMG Digital Village and Matchi, is looking for global innovative entrepreneurs who can address problems faced by the financial… Read More

July 18, 2017 @ 8:03 am By Erin Hobey  |  

DENT Wireless, a Hong Kong-based blockchain mobile data exchange, and Aquto, a sponsored data and data rewards platform, has entered into a partnership to unlock new ways for operators to monetize their networks. Smartphone penetration throughout the world is high, but mobile internet data is still… Read More

July 18, 2017 @ 7:56 am By JD Alois  |  

Bondora, a European peer to peer lender based in Estonia, has announced that it has become profitable during the first six months of 2017. Bondora stated that it had generated a net profit of €300,00 during the first half of the year. The overall revenue target… Read More

July 18, 2017 @ 7:21 am By JD Alois  |  

Form3,  cloud-based platform for global payments processing, has secured a strategic investment from Barclays, the Angel Co-Fund and several individual investors who have joined the existing shareholders in raising $5 million Series A. Form3 is a turnkey solution that is simple to incorporate and pay… Read More

July 18, 2017 @ 7:07 am By Jonathan Nieh  |  

According to several online sources, a new law in South Korea is set to make it legal for companies to process international transfers using cryptocurrencies like Bitcoin and Ether. Digital Currency Exchanges Can Register with Korean Gov’t The new laws, which are set to go… Read More

July 17, 2017 @ 12:25 pm By JD Alois  |  

The Boston Consulting Group (BCG) is out with a report on retail banking and the emerging Fintech sector that is looking to disrupt traditional banks. According to BCG, global retail banking needs become more “Bionic”, alluding to the fact that business as usual no longer… Read More

July 17, 2017 @ 10:54 am By JD Alois  |  

This past February, MarketInvoice shared it had funded invoices over £1.1 billion since platform launch in 2011. The online lender said it expects to top the £2 billion in invoices funded by the end of the year. This prediction was said to be catalyzed by… Read More

July 17, 2017 @ 8:30 am By Erin Hobey  |  

“As the industry matures and looks to grow beyond a base of early adopters, I believe a focus on clarity will best help us to attract new investors.” Growth Street, an FCA-authorized UK business finance platform focusing on SME loans, has aimed to become a… Read More

July 16, 2017 @ 4:00 pm By JD Alois  |  

While the Netherlands market is small, equity crowdfunding platform Symbid is apparently having an important impact. Symbid has reported that in the first half of 2017 its platform accounted for 27% of all “venture capital” crowdfunding in the Netherlands.  Investment crowdfunding in first half of… Read More

July 16, 2017 @ 3:00 pm By Xu Gao  |  

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More

July 15, 2017 @ 1:50 pm By JD Alois  |  

The Initial Coin Offering (ICO) space has been rocketing recently. It seems that every few days the next hot ICO is raising incredible sums of money from global investors. ICOs have plenty of supporters and detractors with most followers advising caution in this largely unregulated… Read More

July 14, 2017 @ 5:27 pm By Therese Torris  |  

The German press reports that German incubator Rocket Internet is selling its participation in the multinational P2P lending platform Lendico to British hedge fund Arrowgrass. Arrowgrass already owns a small share of Lendico and wants to take over the company. Founded in December 2013 by… Read More

July 14, 2017 @ 5:00 pm By Samantha Hurst  |  

Nonprofit organization CanDo has recently announced the launch of its new crowdfunding platform, which is dedicated to supporting humanitarians in war zones. The organization shared earlier this week: “Dear CanDoers. We have some BIG NEWS to share. Today we are launching the first crowdfunding platform supporting… Read More

July 14, 2017 @ 2:00 pm By Samantha Hurst  |  

On Friday organizers of the Growth Investor Awards announced Seedrs and Syndicate Room two of the finalists for the upcoming 2017 event. As previously reported, the Growth Investor Awards notably celebrates the role of the UK SME fund management community in both job and wealth creation. It also recognizes… Read More

July 14, 2017 @ 11:15 am By JD Alois  |  

GLI Finance (AIM: GLIF) has announced that FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). FundingKnight is an online / P2P Lender providing access to capital for UK SMEs. FundingKnight has been operating under interim permissions since 2014, when the FCA… Read More

July 14, 2017 @ 8:48 am By Erin Hobey  |  

Spanish urban craft distillery Santamanía has secured over £941,609 to date during its exciting equity crowdfunding Crowdcube Spain campaign. Over 749 backers have invested in the 11.88% equity offered for the distillery with a pre money valuation of £6,987,000. The campaign was extended and is scheduled to close… Read More

July 14, 2017 @ 8:21 am By Timothy Li  |  

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More