Global

July 27, 2021 @ 4:24 pm By Omar Faridi  |  

Daniel Schreiber, CEO at Insurtech Lemonade (NYSE:LMND), reveals that it’s now their 5th year in a row of givebacks. It’s actually grown 4000% across those years, Daniel notes, while adding that it has been growing quite steeply this year compared to 2020’s 100%+ growth. He… Read More

July 27, 2021 @ 3:43 pm By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Monday (July 26) that for the week ending July 26,… Read More

July 27, 2021 @ 3:31 pm By JD Alois  |  

VC funding of Fintechs continues to boom as more established Fintechs capture outsized funding rounds and smaller firms continue to provide new spins on digital financial services. S&P Global Market Intelligence is out with a focused report stating that $5.56 billion went into the payments… Read More

July 27, 2021 @ 3:09 pm By Tony Zerucha  |  

Bitcoin’s recent travails are a reminder to retail investors to watch the whales, GlobalBlock sales trader Alexandra Clark said in a recent research note. After dipping to $29,393, signs show Bitcoin is on the upswing, Clark said. A group of Bitcoin whales purchased a total… Read More

July 27, 2021 @ 12:04 pm By Omar Faridi  |  

We recently connected with Fernando Martinelli, the Co-founder and CEO at Balancer Labs, which supports the ongoing development of Balancer, an automated portfolio manager and digital asset liquidity provider. As covered in May 2021, Balancer Version 2.0, the “most flexible” and efficient automated market maker… Read More

July 27, 2021 @ 11:55 am By Omar Faridi  |  

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

July 27, 2021 @ 10:43 am By JD Alois  |  

Fireblocks, an enterprise-grade platform providing an infrastructure for digital assets, has raised a $310 million Series D funding round at a huge $2 billion valuation. The funding was led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC  and SCB 10X, Siam Commercial Bank, along… Read More

July 27, 2021 @ 10:06 am By Omar Faridi  |  

Solarisbank AG, which claims to be Europe’s leading Banking-as-a-Service (BaaS) platform, reveals that it has acquired EUR 190 million in an “oversubscribed” Series D round, valuing the firm at EUR 1.4 billion. The company’s investment round has been led by Decisive Capital Management, along with… Read More

July 27, 2021 @ 8:15 am By JD Alois  |  

iAngels has announced its first institutional fund raising $55.5 million. iAngels received the backing of the European Investment Fund (EIF), part of the European Investment Bank group. EIF’s mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance…. Read More

July 27, 2021 @ 7:54 am By Omar Faridi  |  

The team at Assetz Capital, a marketplace lending platform originating secured loans, says it’s no secret that there’s been an “unprecedented construction material shortage this year,” in the United Kingdom and few would have “forecast the near-perfect storm that has swept through the sector.” The… Read More

July 27, 2021 @ 7:50 am By Omar Faridi  |  

UK-based digital bank Starling has confirmed the acquisition of specialist buy-to-let mortgage lender Fleet Mortgages as part of a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, focuses on offering mortgages to professional and semi-professional buy-to-let landlords, “only via mortgage adviser distribution… Read More

July 27, 2021 @ 7:48 am By Omar Faridi  |  

Nium, an established B2B payments platform, reveals that they’ve acquired $200+ million through a Series D round that was led by Riverwood Capital – a U.S.-based “high-growth” technology investor. Temasek, Visa, Vertex Ventures, Atinum Group of Funds, Beacon Venture Capital, Rocket Capital Investment, and various… Read More

July 27, 2021 @ 12:50 am By Omar Faridi  |  

The team at Blockstream, which claims to be the global leader in Bitcoin and blockchain tech, notes that they’re pleased to introduce Greenlight, which is their latest Lightning Network (LN) service. Blockstream, which aims to make financial markets more efficient by reducing reliance on trust… Read More

July 26, 2021 @ 8:23 pm By Omar Faridi  |  

C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

July 26, 2021 @ 6:13 pm By Omar Faridi  |  

Cyprus-regulated digital assets hedge fund ARK36 announced that it is appointing Loukas Lagoudis to serve as Executive Director and Socrates Minas as Investor Relations Manager in order to strengthen its Cyprus investment division. According to a note shared with Crowdfund Insider, Loukas Lagoudis will be… Read More

July 26, 2021 @ 12:28 pm By JD Alois  |  

Recently, a report was published regarding the European Commission distributing European (ESIF) funds through European crowdfunding platforms. Obviously, if this occurs it will be a boon for both platforms and issuers. The report was written by Karsten Wenzlaff, Ana Odorovic and Ronald Kleverlaan, along with consulting… Read More

July 26, 2021 @ 10:48 am By JD Alois  |  

The Fraunhofer Society has published a report on the crowdfunding sector in Germany during the time of COVID-19. Fraunhofer states that the year 2020 will “remain in special memories for all of us” as COVID-19 unpredictably changed all of our lives. The research took a… Read More

July 26, 2021 @ 10:22 am By Omar Faridi  |  

Digital bank Zopa will be working with JPMorgan which will serve as an advisor on a £100 million funding round. This, according to a report from Sky News, which noted that investors who have been approached regarding the investment round have been considering a £500… Read More

July 26, 2021 @ 9:49 am By JD Alois  |  

Tether, the largest stablecoin by market cap, is said to be a target of a criminal investigation in the US. According to a report in Bloomberg, the US Department of Justice is investigating whether, or not, executives committed bank fraud. Rumblings have long swirled around… Read More

July 26, 2021 @ 9:21 am By JD Alois  |  

The Coalition for a Digital Economy (Coadec), an organization created to promote the UK as the top European startup ecosystem, has published a paper on the fast-growing Buy Now, Pay Later (BNPL) sector of Fintech. Entitled Regulate Credit Now, Reform it Later, Coadec says the credit… Read More