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

Security Tokens Market Cap Remains Firmly Above Half a Billion Dollars with 123% Increase in Monthly Trading Volume: Report

Security Token Market (STM), which focuses on providing the latest updates on blockchain-based security tokens, reveals that the total security token market cap stood at $536,878,278 for the month of February 2021. The market cap monthly change was +6.42%. The total February 2021 trading volume… Read More

OurCrowd Leads Funding Round in Neobank Rewire’s $20 Million Series B

Rewire, a digital banking startup that is targeting cross-border banking services has announced a $20 million Series B funding round. The round was lead by leading global crowdfunding platform OurCrowd and also included a line of credit from an undisclosed bank. According to a release,… Read More

At least 93 Fintech Firms in Mexico are in Process of Acquiring Financial Technology Institute License: Report

During the past few years, the Fintech sector in Mexico has grown steadily to become one of the “most developed” in the Latin American (LatAm) region, according to a report released in January 2021 by the Comisión Nacional Bancaria y de Valores (“National Banking and… Read More

$21 Million in New 2020 Ransomware Payments were Made According to Chainalysis Review of Uncovered Crypto Addresses

On January 27, 2021, the US Department of Justice (DOJ) revealed that there had been a significant disruption of the NetWalker ransomware strain. FBI agents assigned to the case had taken down a website NetWalker attackers had allegedly used to communicate with the unsuspecting victims…. Read More

Binance Claims its Peer to Peer Digital Assets Marketplace has Become one of its “Key Features”

Leading crypto exchange Binance notes that their peer-to-peer service helps users establish a “competitive” peer-to-peer digital currency trading business. Since its launch back in October 2019 for just a single market, Binance P2P has become a major global marketplace for peer-to-peer trading of virtual currencies…. Read More

Buy Now Pay Later or BNPL Adoption on Track to Reach $7.3B in 2027 with APAC being the Fastest-Growing Region: Report

Buy Now, Pay Later or BNPL adoption is on track to grow significantly in the next few years with the Asia-Pacific region being one of the main drivers. A study performed by Coherent Market Insights reveals that the international BNPL market had been valued at… Read More

François-René Rideau of Mutual Knowledge Systems Discusses how He Got Involved with the Cardano (ADA) Blockchain Project

At the end of last year, IOHK, the organization that supports open-source development including the Cardano project, announced their devnets plan to support the “longer-term strategic goal” of opening up Cardano to several different development languages – as explained in the ‘‘Island, Ocean, Pond” video…. Read More

From NothingBurger to 3% of Holdings: Kevin O’Leary, aka Mr. Wonderful, Warms Up to Crypto

Kevin O’Leary, aka Mr. Wonderful, has become a crypto fan. During a discussion on CNBC today,  O’Leary said he was allocating a portion of his portfolio, reported to be around 3%, into Bitcoin. In the past, O’Leary has been less than complimentary of crypto in… Read More

European Securities and Markets Authority Drafts Standards for Pan European Crowdfunding Rules: Industry Prepares to Provide Feedback

This past week the European Securities and Markets Authority (ESMA) issued a consultation paper addressing standards for the previously approved pan-European crowdfunding regulation. As covered in the past, the European Union has passed legislation to enable online securities offerings across its member nations. After many… Read More

Property Finance Platform LendInvest Confirms that Supporting Limited Company Buy-to-Let Clients is one of their “Specialties”

Property finance platform LendInvest notes that supporting Limited Company Buy-to-Let clients is one of their “specialties,” with criteria tailored to support professional and portfolio landlords to “get the most out of our product range.” At LendInvest’s recently-held 2021 Broker Kick Off Event, their expert BDM… Read More

Online P2P Lender Blend Network Reports Strong Performance, Reveals it has Record Number of Lenders Active on Platform

Online peer-to-peer lender Blend Network notes that the UK was the world’s first country to authorize and begin administering the Pfizer/BioNTech vaccine on December 8, 2020. The vaccine had been on track to immunize 15 million individuals by February 15, 2020. The immunization efforts have… Read More

Consumers have Spent Over $230M Purchasing and Trading Digital Collectibles of NBA Game Highlights

Consumers have reportedly spent over $230 million purchasing and trading digital collectibles of NBA game highlights. The NBA’s Top Shot product is a blockchain or distributed ledger tech (DLT)-powered digital trading card system that has managed to generate more than $230m worth of gross sales,… Read More

Klarna Secures $1 Billion Through Latest Equity Funding Round to Accelerate International Expansion & Further Capture Global Retail Growth; Brings Valuation to $31 Billion

  Payment processing and global retail banking platform Klarna announced on Monday it secured $1 billion through its equity funding round to accelerate international expansion and further capture global retail growth. Klarna revealed that the round, which subscribed four times the amount it originally sought to raise, included… Read More

European P2P Lender Bondora Reveals that its Secondary Market Remains “Unpredictable,” Growing Considerably Last Month

The team at Bondora, a European peer-to-peer lending platform, reveals that their secondary market “remains unpredictable,” growing again during the month of January 2021. The Bondora Secondary Market began the new year in “growth” mode, the company claims. Transactions “totaled €396,072 over January—an 11.7% increase… Read More

Over $117M in Loans via DeFi Platforms Compound, Maker Liquidated on Feb 22, Marking Largest Liquidations in Market History: Report

Crypto exchange OKCoin confirms in a new report that Ethereum (ETH) scaling has recently seen a boost, while the total value locked in decentralized finance (DeFi) has plummeted. DeFi pulse data shows that there’s currently just under $35 billion worth of value locked in DeFi… Read More

Tesla’s $1.5B Bitcoin Purchase Reignited Mainstream Media Narrative that BTC Mining Is a Major Environmental Hazard: Report

Tesla Inc’s recent Bitcoin investment has “reignited” mining FUD, according to Compass, a “Bitcoin-first” company that aims to support the “decentralized” growth of hashrate and “strengthen network security” by helping people learn, explore and mine Bitcoin. Compass notes that by dropping $1.5 billion into BTC,… Read More

China: WeiyangX Fintech Review

NUCC: Online Payment Transactions Reach ¥4.98 Trillion During the Spring Festival Holiday During the Spring Festival Holiday of 2021 (February 11th to February 17th), NetsUnion Clearing Corporation (NUCC) processed a total of 7.937 billion online payment transactions, equal to 4.98 trillion yuan. Compared with the… Read More

Overfunding: UK P2P Lender JustUs Secures Over £1.3M in Capital to Disrupt Lending with Better Crowdfunded Financial Products

UK-based peer-to-peer (P2P) lender JustUs says it aims to “disrupt” the lending landscape and become an established provider of crowdfunded financial products for consumers with the JustUs ISA. To undertake Peoples Mortgages, JustUs noted that it will be “required to gain regulatory approval which is… Read More

Verifi Reveals that Nearly $31 Billion Is Lost Yearly to Transaction Disputes, which May Be Reduced via “Proactive Management”

Lost in Space Robot

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, notes that in October 2019, Visa had acquired Verifi. The Verifi team points out that since the very first day,… Read More

LendInvest Selects 35 Brokers as Strategic Partners

Property finance platform LendInvest has announced Strategic Partners for 2021 with 35 broker firms joining the program.  LendInvest explains that they recognize key broker firms as those that submit a high level of consistent business to LendInvest. Strategic Partners may access dedicated staff to service… Read More

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