Global

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

Waiting for Crowdfunding Boom 3.0

It seems hard to believe, especially after a decade where it dominated new finance, but equity crowdfunding is still just in its infancy. Originally coined by entrepreneur Michael Sullivan in 2006, the true modern crowdfunding boom kicked off at the start of the previous decade… Read More

Recent Digital Asset Inflows of $21M Reported by CoinShares were Lowest Since Oct 2020, BTC Flows Still Steady, ETH Most Popular on a Market Cap Basis

European digital asset manager CoinShares reports that the inflows of $21 million last week (from a March 29, 2021 report) were the lowest since October of last year. CoinShares added that flows into digital asset investments “remained positive last week (as reported on March 29)… Read More

Astorya, Search Engine for Insurance and Banking Tech, Reviews 10 Years of Insurtech in Europe

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

Lithuania Reserve Bank Governor Says Fintech Should Provide Competition for Nation’s Financial Services Sector

Lithuania, which has one of the fastest-evolving Fintech sectors in the EU, is experiencing a transformative shift from traditional banking service providers, a trend that’s being supported by the growing number of digital transactions and the launch of new virtual payments startups. The Baltic nation,… Read More

Germany: Investment Crowdfunding Declines to €400 Million in 2020, €100 Million Reported in Q1 2021

In 2020, over €400 million was invested into securities offerings in Germany via crowd investing or investment crowdfunding platforms according to research by Crowdinvest.de augmented by data from Bundesverband Crowdfunding (the German crowdfunding association). The first quarter of 2021 saw approximately €100 million. According to… Read More

Digital Assets Firm Kraken Explains Why Blockchain based NFTs are a Revolutionary New Licensing Technology

  The team at digital assets firm Kraken notes that humans have “always loved making and displaying art.” The US-based crypto exchange provider reveals that deep within a cave in Spain, there’s a Neanderthal hand stencil that scientists “have radiocarbon dated to 64,000 years –… Read More

Latvian P2P Lender Grupeer Reveals it has Received Some “Positive” News from Legal Team

Latvian P2P lender Grupeer reveals that they’ve received some “positive” news from their legal team (on March 31, 2021). According to Grupeer, this is a time to be “cautiously optimistic.” The Grupeer team writes in a blog post that they had begun legal enforcement proceedings… Read More

Binance Labs Leads $6 Million Round for Moonbeam Network, a Smart Contract Platform and Polkadot Ecosystem Parachain

Binance Labs recently led a $6 million “strategic” round of the Moonbeam smart contract platform along with contributions from CoinFund and ParaFi. The funds acquired from the investment round will be used to hire development resources, “build additional integrations and developer tools, perform third-party security… Read More

CBDCs: Bank of International Settlements Explains how Interoperability and Common Interfaces are Needed for Central Bank Digital Currencies

Reserve banks across the globe are increasingly focusing on developing or at least considering central bank digital currencies (CBDCs). They’re also looking into potential new ways to use virtual currencies to enhance the cross-border payments infrastructure. During the past few years, CBDCs have become one… Read More

Bank of America Announces Acquisition of Healthcare Payment & Tech Company Axia Technologies

Bank of America announced on Friday it has acquired Axia Technologies, Inc. (AxiaMed), a healthcare payment and technology company that is focused on facilitating secure patient payments. The banking giant reported that the acquisition will deepen and expand its payment offerings for healthcare clients, as… Read More

LendInvest Teams Up with Credit Kudos to Improve Underwriting Process via Open Banking

LendInvest has teamed up with Credit Kudos in order to improve the underwriting process via Open Banking. Through the partnership, LendInvest and Credit Kudos will aim to provide brokers and clients a more accessible and secure service. The initiative also aims to enable LendInvest with… Read More

Lithuania’s Debitum, which Offers Borderless SME Financing, Reveals its Portfolio has Crossed €4M Mark

Lithuania-based Debitum, which offers borderless small business financing, recently revealed that it’s pleased to confirm that its users “trust” the platform. Debitum also announced on March 29, 2021, that they’ve crossed the 4 million euros mark in their portfolio. The platform’s management acknowledged that “without… Read More

Brazil’s Reserve Bank to Again Allow Facebook Owned WhatsApp to Offer P2P Payments

Brazil’s reserve bank will again allow Facebook-owned WhatsApp to offer peer-to-peer payments services in the South American country. The decision to permit WhatsApp to again facilitate transactions in Brazil has come nine months after the service had been suspended. In June of last year, Brazil… Read More

Global Accelerator Program Plug and Play Selects 154 Startups For Summer 2021 Batches

Plug and Play announced on Thursday it has selected 154 startups into their Summer 2021 Batches. The accelerator program reported that each company has been accepted into one of the following programs that run through June: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction, or Travel &… Read More

Canadian Shell Company Valdy to Acquire All Outstanding Securities of INX Limited

According to a release by Valdy (TSXV:VALDY), the company has entered into a definitive agreement to acquire all outstanding securities of INX Limited. Upon completion, INX will effectively become a publicly listed company. Valdy is a shell company based in Vancouver, Canada.  Valdy was incorporated… Read More

Funderbeam CEO Kaidi Ruusalepp Shares Insight into Pan-European Online Capital Formation and Secondary Trading

Funderbeam is a global funding and trading platform for private companies that reports over €30 million in funding raised and more than 60,000 trades on their secondary marketplace.  The Fintech notes that it holds multiple financial licenses including authorised and regulated by the Estonian Financial… Read More

European Payment Services Provider Nets Group and Salamantex to Support Bitcoin, Ethereum Transactions in Austria

Nets Group, a European payment services provider, along with with Salamantex, an Austrian developer of software solutions for cryptocurrency payments, have announced that they’re bringing acceptance of virtual currencies like Bitcoin (BTC), Etherereum (ETH) and XRP to in-store points-of-sale in Austria. The partnership between Nets… Read More

Fintech Lending: Smart Lenders Asset Management Reports Over $300 Million in AUM

Smart Lenders Asset Management, a Paris-based investment firm that specializes in managing loans originated from online lending platforms, is reporting over $300 million in Assets Under Management (AUM) in Moonstone Lending SICAV it manages. The SICAV is open to professional investors only. The Smart Lenders… Read More

UK’s PensionBee, an Online Pension Provider, Reveals its Plans to Float via the London Stock Exchange

UK’s PensionBee, an online pension provider, has submitted a confirmation statement with the London Stock Exchange (LSE), which states that the firm’s listing is expected to take place next month. The filing indicates that PensionBee plans to secure £55 million in capital as part of… Read More

Payment Systems Regulator in the UK Provisionally Finds Five Service Providers Violated the Law by Engaging in “Cartel Behavior” in the Pre-Paid Cards Sector

The Payments Systems Regulator (PSR) in the UK stated on March 31, 2021 that it “provisionally” finds five firms violated the law by “engaging in cartel behavior” in the pre-paid cards market. As stated in a release, three out of five parties actually admitted liability… Read More

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