Tagged: austria

October 1, 2018 @ 7:13 am By JD Alois  |  

On Tuesday (2 October 2018), Austria will become the first European country to issue a government bond using blockchain technology. The Austrian government is auctioning off €1.15 billion in Bonds using Ethereum to manage the security issuance.  The issuance will be handled by the Oesterreichische Kontrollbank (OeKB)… Read More

September 27, 2018 @ 6:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced an enforcement action today against an Austria based international securities dealer with providing securities swaps funded by Bitcoin. The SEC charges Patrick Brunner, CEO of 1pool Ltd. a/k/a 1Broker – registered in the Marshall Islands, with violations of US… Read More

September 22, 2018 @ 5:41 pm By JD Alois  |  

Austria based investment crowdfunding platform Conda has claimed to have completed the “first digitalization of shares of an Austrian stock corporation.” Conda says it has linked the registered shares issued by Conda AG with digital tokens and transferred these shares to the existing shareholders of… Read More

September 11, 2018 @ 10:50 am By JD Alois  |  

At the meeting of EU financial ministers in Vienna last week, Austria’s Minister of Finance Hartwig Löger said that Europe is working on rules and regulations for crypto assets to support the development of the sector. The meeting included all of the economic and financial affairs… Read More

September 6, 2018 @ 8:48 am By JD Alois  |  

The UK government is organizing its next Fintech Mission – this time to Austria and Switzerland – scheduled to take place the 23-24 of January 2019. Following along the lines of previous Fintech Missions, DIT will be arranging meetings between aspiring Fintechs and banks, VCs,… Read More

August 13, 2018 @ 3:22 pm By Samantha Hurst  |  

EY recently announced it has teamed up with the City of Vienna on public blockchains in order to validate and secure the city’s Open Government Data (OGD). According to EY, the OGD includes data such as public transport routes, train schedules, and surrounding communities’ voting… Read More

May 30, 2018 @ 10:43 pm By JD Alois  |  

The Financial Market Authority (FMA) in Austria is seeking to shut down cryptocurrency miner INVIA GmbH based in Vienna. According to a note published on the FMA site, the regulator has prohibited the business model of the company on the grounds of “the suspicion of… Read More

February 20, 2018 @ 5:15 am By JD Alois  |  

Debt based crowdinvesting platform Finnest is expanding its offering to large corporates and institutional investors. Finnest is an interesting online lender operating in the DACH countries. The peer to peer platform was launched to provide SME funding supported by individual investors but the company is… Read More

February 5, 2018 @ 7:10 am By JD Alois  |  

  Switzerland and Austria will host their annual UK Fintech Mission. This is the third UK Fintech Mission to Switzerland which, because of its past success, this year encompasses both the Austrian and Swiss markets.  The UK Fintech trade mission will take place in Vienna and… Read More

January 22, 2018 @ 8:39 am By JD Alois  |  

BAWAG Group and Berlin based Fintech Spotcap have formed a strategic partnership to give Austrian small and medium-sized enterprises (SMEs) access to same-day financing. The partnership is said to be the first time Spotcap will offer its lending platform and proprietary analytics to a bank and marks… Read More

September 22, 2017 @ 12:34 pm By JD Alois  |  

Premium hotel group Falkensteiner Hotels & Residences is using an alternative finance platform to raise capital as part of an expansion plan. The Austrian company has listed an investment offer on Finnest.com to allow its guests to become investors. The award-winning hotel group operates 32… Read More

August 31, 2017 @ 4:30 pm By Erin Hobey  |  

Cringle, a smartphone app for users who want to quickly send money to friends across Europe, has returned Companisto for its second equity crowdfunding round, aiming to raise 600,000€ for 9.09% equity offered. The fintech equity crowdfunding campaign has raised over 135K€ with more than… Read More

July 9, 2017 @ 3:43 pm By JD Alois  |  

Described as the next milestone for the alternative finance platform, Finnest, an SME online debt-based crowdfunding platform, has been selected by Polytechnic Luft- und Feuerungstechnik GmbH to provide growth funding. Investors may now invest in an internationally leading biomass, green energy firm; “We are very… Read More

June 25, 2017 @ 12:40 pm By JD Alois  |  

German real estate crowdfunding platform Sarego that uses platform technology from CrowdDesk, private investors may now invest in the first real estate project on the platform. The project  is for the development company Vermehrt GmbH who is crowdfunding one million euros for the energy-efficient renovation and modernization… Read More

June 1, 2017 @ 12:24 pm By JD Alois  |  

Fintech startup cashpresso has entered a new market by partnering with holiday voucher provider we-are.travel. Customers of the travel portal can now directly finance the purchase process with the cashpresso credit. cashpresso states that direct cooperation between credit providers and online booking portals are not… Read More

May 29, 2017 @ 12:12 pm By JD Alois  |  

Finnest continues to experience success with its debt-based “crowdinvesting” platform. The Austrian platform recently listed Risus, GmbH, a medium size health software provider, that is seeking growth capital for the second time on the platform. Founded in 2003, Risus has been experiencing solid growth. “We… Read More

May 23, 2017 @ 9:02 am By JD Alois  |  

Austrian Fintech startup Credi2 GmbH, operating under the brand cashpresso, has received recognition as the Best Fintech Startup 2017 as part of the Banking and Insurance Summit held in Berlin, Germany this week. According to cashpresso, this year approximately 120,000 customers evaluated the 184 participating… Read More

May 4, 2017 @ 8:33 am By JD Alois  |  

SME funding specialist Finnest has won the business of another established business. Strasser Steine (Stones), a market leader in natural stone countertops for kitchens and more, has selected the peer to peer lender to raising growth capital for its business. Beginning today, investors can invest… Read More

March 2, 2017 @ 6:16 pm By JD Alois  |  

Finnest, an SME or “Mittelstand spezialist,” is helping Austria-based Biogena to fund its expansion in Germany. Finnest is a new online lending platform that accepts both individual and institutional investors. Finnest allows investors the ability to lend money to smaller businesses in a rate-auction process. Investors… Read More

February 23, 2017 @ 2:01 am By JD Alois  |  

Vienna-based Fintech firm cashpresso has raised €2 million in funding led by Reimann Investors and Deiter von Holtzbrinck. Existing investors Speedinvest, Hansi Hansmann and the Runtastic founders also participated in this funding round. Cashpresso is part of Credi2 GmbH. Along with Deutsche Handelsbank, cashpresso offers immediate credit of… Read More