Now Available in China: Global Fintecher Payza Reveals New E-Wallet Options

Online payment platform Payza announced that its members in China can now utilize their Payza e-wallets using WeChat, UnionPay, and ePayLinks. Chinese Payza members may also now perform online transactions in Chinese Yuan Renminbi (CYR). The company has offered basic services in China since 2012, however, this is… Read More

MASECO Private Wealth Selects InvestCloud to Provide Client & Advisor Portals For UK/U.S. Clients

Global fintech firm InvestCloud announced on Thursday it was selected by MASECO Private Wealth to provide client and advisor portals to the company’s UK/U.S. customers. InvestCloud reported it would deliver comprehensive client communication and reporting capabilities, which includes the automation and consolidation of client reports online…. Read More

CFPB Sues Four Online Lenders Operated by a California Indian Tribe

The Consumer Financial Protection Bureau (CFPB) has sued four online lenders for collecting debt from consumers they allegedly did not owe. The four lenders include: Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – The suit… Read More

Insurtech Startup Hippo Insurance Launches in California: Seeks to Reinvent Home Insurance

Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More

Crowdcube Announcement: Browse & Invest on Your iPad With Our iOS App v2.0

Just a little over six months after launching its iOS app, UK-based equity crowdfunding platform, Crowdcube, announced the debut of the app’s v2.0. This new version will allow investors to invest not only through their iPhones but also through their iPads as well. While sharing… Read More

Indiegogo Introduces New Update Reactions Feature

On Thursday, global crowdfunding platform Indiegogo announced the launch of its new feature, Update Reactions. According to the portal, Update Reactions lets campaign organizers see how helpful their campaign updates are by allowing backers to interact using the reactions. This will also help organizers gather valuable feedback:… Read More

Kudimoney Capital Now Offering Uncollateralized Loans in Nigeria

Nigerian Kudi Capital Management Ltd announced the public launch of Kudimoney, a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. Kudimoney aims to differentiate itself from OneFinance, Kiakia, C24, Snapcredit and QuickCheck by offering uncollateralizedloans to individuals within one hour. The company platform counts over 5,000 registered… Read More

Fintech Startup Tribe Receives Investment From BearingPoint

Norway-based fintech startup Tribe has reportedly received an investment from independent management and technology consultant, BearingPoint. According to Tribe, the new investment will bring it and BearingPoint together and the duo will enter into a long-term partnership to expand each of their service portfolios. Tribe describes itself… Read More

Congressman Patrick McHenry Slams CFPB, Labels Project Catalyst a Failure

The Consumer Financial Protection Bureau (CFPB) was created out of the ashes of the Great Recession. A knee jerk-reaction crafted by elected officials attempting to fix what went wrong, the controversial agency has since earned much criticism while having its structure deemed unconstitutional. At a… Read More


Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Home Capital Group Inc. (TSX: HCG) announced that its subsidiary, Home Trust, has reached a non-binding agreement in principle with a non-disclosed institutional investor for a credit line in the amount of $2 billion. It is expected that a firm commitment will be agreed to later… Read More

WorldRemit Announces Partnership With Tigo Money Subsidiaries for Mobile Money Transfers Services to El Salvador and Guatemala

Digital money transfer service WorldRemit announced on Thursday it has formed a partnership with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala. This new collaboration will notably enable Salvadorans and  Guatemalans abroad to send money transfers instantly to… Read More

Germany: Lawmakers Must Strengthen Market for Investment Crowdfunding

Jamal El Mallouki, CrowdDesk CEO and current Chair of the German Crowdfunding Association (Bundesverband Crowdfunding), wants to boost the German crowdfunding market and affiliated regulatory framework. To improve the crowdfunding ecosystem, El Mallouki and the Association have published three concrete proposals for policymakers to pursue. In… Read More

Lawsuit Filed Against OCC Fintech Charter: CSBS’ John Ryan Sheds Light on State Regulators vs. OCC

US state regulators have filed a lawsuit against the Office of the Comptroller of the Currency, upping the ante in an increasingly bitter dispute over the federal agency’s plans to offer bank charter status to qualifying fintech firms, according to a release. The complaint, lodged by… Read More

CFPB Orders Servicemember Auto Lender SNAAC to Pay Refunds & Fines

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More

Insurtech, Fintech, & Big Data Trends To Be Addressed At FutureTech Congress in Warsaw Next Month

Business summit FutureTech Congress is set to be held on May 24th and 25th in the city of Warsaw. According to its organizers, the event is set to address various trends in the insurtech, fintech, and big data industries, along with host experts from all over… Read More

Gnosis Sells 250K Ethereum Immediately. Gets $300M Market Cap

Gnosis, a decentralized prediction platform built on the Ethereum blockchain that uses crowdsourcing as a source for forecasting, has raised $12.5 million in its first initial coin offering. This initial auction broke records, as the company sold out of 250K Ethereum in twelve minutes, giving… Read More

South Korean Life Insurance Company Kyobo Life Tests Blockchain

Last week, the South Korean government selected life insurance company, Kyobo Life, to pioneer blockchain technology for the money payments of commercial insurance. This new project aims to create a foundation for promoting the Internet of Things (IoT) infrastructure in South Korea. This government sponsored… Read More

GOKey: Details Revealed on Collapse of High Profile Indiegogo Hardware Campaign

This is a cautionary tale not just for backers of ostensible promising hardware presales campaigns but for hardware creators with little to no experience on manufacturing and shipping hardware from Asia. GOKey, a rewards based project posted on Indiegogo in 2014, raised over $1.2 million… Read More

Indiegogo Success: Elliegrid’s Smart Pillbox Awarded $75,000 in Flash Funding From Arrow

Indiegogo announced on Wednesday, EllieGrid, the creator of Smart Pillbox, received $75,000 in flash funding from the crowdfunding platform’s partner, Arrow. The funding portal stated that EllieGrid would get access to design tools, a 10% parts discount, and expert one-on-one support from Arrow’s engineering team… Read More