Global

We find Fintech news from around the world and share it with you here.

China: WeiyangX Fintech Review

Insurtech Platform Shuidi Completes RMB 1 billion C Round of Financing led by Boyu Capital On June 12th, China’s leading Insurtech platform Shuidi (meaning waterdrop in English) was reported to secure RMB 1 billion in C round of financing. The investment was led by Boyu… Read More

Europol Announces New Training Game for Tracing Crypto Transactions at Continent’s Largest Crypto Law Enforcement Conference

Europe’s largest cryptocurrency law enforcement event took place this week, June 12th to 14th, at Europol’s headquarters in The Hague, Netherlands, where pan-continental police force also announced it is developing a “serious game” to train investigators in the tracing of cryptocurrency transactions. Over 300 cryptocurrency experts from… Read More

XRP Forensics in Hot Pursuit of Gatehub Hackers, Identifies 12 Possible Perps

Another day, another crypto-hack.  From exploits to exit scams, the song remains the same – it’s just the technology that is different. The bad guys are always looking for new and devious ways to steal money from the unsuspecting. The most recent hack came courtesy… Read More

Binance Blocks US Customers, Opens Dedicated US Trading Platform

One day after announcing the creation of a dedicated cryptocurrency trading platform for US customers, Binance, the world’s largest cryptocurrency exchange by volume, has modified its terms of service to exclude “any U.S. person.” The change comes under the subheading “Prohibition of Use” in the… Read More

Korean Marketplace Lender PeopleFund Raises $35 Million

PeopleFund, a South Korea based online lender, has raised $35 million as part of an extension of a Series B funding round which was announced in October 2018.  PeopleFund is a marketplace lending platform which means it accepts investments from both individuals and institutions. PeopleFund… Read More

Kuflink Reports £50 Million in Bridge & Development Loans

Peer to peer lender Kuflink has reported surpassing £50 million worth of bridging and development loans. Kuflink is a UK based P2P lender serving the property market. All loans are said to be secured by UK property. According to the website, investors may earn up… Read More

Report: Facebook’s Stablecoin Libra to Launch Next Week, Big Backers Queue Up to Help

Facebook’s long-anticipated cryptocurrency, labeled “Libra,” will finally make an appearance next week according to a report in WSJ.com. Libra is expected to be a stablecoin which will be a bespoke currency that is pegged to a bundle of fiat currencies. Stablecoins are typically pegged to… Read More

Fintech App Emma Crosses the Pond: Money Management App Now Available in the US and Canada

Money management app Emma has launched in the United States and Canada crossing the Atlantic to offer its services to a far wider audience. The UK based Fintech said the launch comes after partnering with Plaid, an account aggregation platform. Emma is an app that… Read More

Peer to Peer Lender Linked Finance Tops €100 Million in Lending

Linked Finance, an Ireland based peer to peer lender serving SMEs, has topped €100 million in lending, according to a note from the company. Management states that this milestone indicates that P2P lending is a proven funding option which is being recognized by Irish SMEs…. Read More

AlphaPoint Opens Office in Switzerland to Expand Tokenization Services

AlphaPoint has opened up an office in Switzerland to take advantage of the robust tokenization market. AlphaPoint is a global provider of tokenization/digital asset services. AlphaPoint said that it is positioning itself in the Swiss capital to service a growing list of European clients. As… Read More

UK based Digital Bank Monzo Launches in US, Partners with Licensed Bank to Provide Services

Digital challenger bank Monzo has crossed the Atlantic and entered the US marketplace. On the same day competitor Revolut announced an expansion into Australia, Monzo announced banking services in the US in a release and a blog post. A signup form is available on the… Read More

Down Under: Digital Bank Revolut Launches in Australia as Expansion Outside of Europe Starts

Digital bank Revolut has traveled half-way around the world to set up operations in Australia with an office in Melbourne. This is the first step by Revolut to provide banking services beyond European borders. According to a release from Revolut, the digital bank is operating… Read More

CIX100: Reuters, Bloomberg, and TradingView Sign Up to Use CryptoIndex

In what is being described as a shift to mainstream financial services, Reuters, Bloomberg, and TradingView have each enlisted CryptoIndex to provide information on the 100 best-performing digital tokens and cryptocurrencies. Over half a million traders will now gain access to the crypto focused index,… Read More

UK P2PFA: Peer to Peer Lending Platforms Originate £866 Million in Q1, Cumulative Lending Now Tops £10.5 Billion

The UK Peer to Peer Lending Association (P2PFA) is out with their quarterly report of member platforms. According to the Association, P2P lending increased more than £866 million in Q1 taking cumulative lending for the Association’s members to more than £10.5 billion. P2PFA members are… Read More

Report: Incoming FATF Rules for Crypto Will Be Costly and Better For the Sector’s Long Term Prospects

Last weekend in Japan, G20 Finance Ministers “…reaffirm(ed)” their support of incoming “amended” FATF Standards requiring strict KYC/AML compliance in the cryptocurrency sector. The rules are expected to impact cryptocurrency exchanges, crypto wallet providers, custodians, hedge funds and brokers. G20 ministers also stated that they… Read More

Crypto Bank BabelFinance Reports Lending has Topped $124 Million, Predicts $1 Billion in Issued Loans by the End of the Next Crypto Bull Run

Beijing-based BabelFinance, formerly doing business as BabelBank, has issued a release stating crypto backed loans are booming. Since opening in 2018, BabelFinance has originated more than $124 million in crypto backed loans. According to a note from the company, BabelFinance expects to hit “$1 billion… Read More

Banq to Raise Capital for Helbiz in Advance of Planned IPO and Dual Listing on Nasdaq and AIM Italia

Banq, a digital platform that is part of investment bank Tripoint Global, is raising capital for Helbiz in advance of a planned initial public offering (IPO) on Nasdaq. Simultaneously, the shares are expected to list and trade on AIM Italia in what is being described… Read More

OurCrowd Portfolio Company Wave is Acquired by H&R Block for CDN $537 Million

SME financial software platform Wave has been acquired by H&R block for a solid CDN $537 million, according to a blog post on their site. The Canada based firm is also an OurCrowd portfolio company and represents a series of big exits for the crowdfunding… Read More

Smartlands Claims to be First UK Real Estate Crowdfunding Platform to Tokenize Property

Blockchain-based Smartlands is claiming to be the first crowdfunding platform in the UK to tokenize property investments. Based in London, Smartlands describes itself as a “worldwide security token issuance platform.” Smartlands is regulated by the UK Financial Conduct Authority (FCA). A quick visit to the… Read More

Factoring Fintech Finexkap Raises €39 Million. Targets €1 Billion of Invoice Financing in 2 Years

Factoring platform Finexkap has closed on a €39 million funding round, according to a release from the firm. Strategic investor Chenavari Investment Managers led the round which included the participation of existing investors. Finexkap said their goal is to finance €1 billion of invoices by… Read More

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