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Portland-based Fintech WEX Confirms Two Acquisitions Worth $1.7 Billion

9 minutes 33 seconds ago

Portland-based WEX Inc. (NYSE: WEX), an established financial technology (Fintech) service provider, confirmed on January 24 that it’s planning to make two new acquisitions worth an estimated $1.7 billion. The Fintech firm has reportedly finalized an agreement to acquire Singapore-headquartered eNett, a provider of business-to-business... Read More

The post Portland-based Fintech WEX Confirms Two Acquisitions Worth $1.7 Billion appeared first on Crowdfund Insider.

Omar Faridi

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

1 hour 52 minutes ago

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japan’s Softbank, China’s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now... Read More

The post Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek appeared first on Crowdfund Insider.

Omar Faridi

Andra Capital Announces Silicon Valley Coin, Plans STO Using Tezos, Issued on TokenSoft

5 hours 8 minutes ago

VC firm Andra Capital announced the forthcoming security token offering (STO) for the “Silicon Valley Coin” (SVC) issued on the Tezos blockchain. SVC will utilize TokenSoft to issue the digital security. According to a release, Andra Capital will be giving investors a choice to invest... Read More

The post Andra Capital Announces Silicon Valley Coin, Plans STO Using Tezos, Issued on TokenSoft appeared first on Crowdfund Insider.

JD Alois

Bank of England Is Looking for a Cloud Build Partner to be a Part of its One Bank Service Transformation Strategy

5 hours 40 minutes ago

The Bank of England (BoE) is reportedly looking for a cloud build partner, which will be a part of its One Bank Service Transformation strategy. The UK’s reserve bank notes that it is planning to work with “an experienced partner to assist in design, construction... Read More

The post Bank of England Is Looking for a Cloud Build Partner to be a Part of its One Bank Service Transformation Strategy appeared first on Crowdfund Insider.

Omar Faridi

RealtyMogul Reports Topping $500 Million Invested, $136 Million Returned to Investors

19 hours 26 minutes ago

RealtyMogul, a real estate crowdfunding marketplace, has topped $500 million in property investments since platform launch, according to a release. RealtyMogul also states that it has returned over $136 million to investors since 2013. RealtyMogul notes that it raised its first $250 million in invested... Read More

The post RealtyMogul Reports Topping $500 Million Invested, $136 Million Returned to Investors appeared first on Crowdfund Insider.

JD Alois

Andreessen Horowitz-backed Internet Computer Developer Dfinity Unveils Demo of “Open Version” of LinkedIn

19 hours 37 minutes ago

Decentralized cloud computing developer Dfinity, which notably secured $102 million back in 2018, has unveiled what appears to be an “open version” of giant professional social network LinkedIn, referred to as “LinkedUp.” The LinkedUp app has reportedly been launched on Dfinity’s decentralized “Internet Computer,” instead... Read More

The post Andreessen Horowitz-backed Internet Computer Developer Dfinity Unveils Demo of “Open Version” of LinkedIn appeared first on Crowdfund Insider.

Omar Faridi

HAB Bank Teams Up with Jack Henry to Enhance Commercial Lending Process by Offering All-Digital Loan Origination

20 hours 34 minutes ago

Jack Henry & Associates, Inc. has confirmed that its division ProfitStars’s suite was used by Habib American Bank (HAB Bank) to develop its Commercial Lending Center Suite. The suite will improve the institution’s commercial lending business, enhance operational efficiencies and help offer a better experience... Read More

The post HAB Bank Teams Up with Jack Henry to Enhance Commercial Lending Process by Offering All-Digital Loan Origination appeared first on Crowdfund Insider.

Omar Faridi

Tradeteq CEO on European Companies Opening Offices in UK Post Brexit: The Outlook for UK Finance and Fintech is Positive

20 hours 39 minutes ago

Last week, Crowdfund Insider covered a report on the UK and how European financial services firms were being compelled to open new offices in light of Brexit. While a good amount of digital ink has covered the number of firms shuttering offices or lowering headcount... Read More

The post Tradeteq CEO on European Companies Opening Offices in UK Post Brexit: The Outlook for UK Finance and Fintech is Positive appeared first on Crowdfund Insider.

JD Alois

World Economic Forum Establishes Consortium Focused on Creating Governance Framework for Virtual Currencies

21 hours 5 minutes ago

The World Economic Forum (WEF) has established what it says is the world’s first ever global consortium focused on creating a framework for the transnational governance of virtual currencies, which include stablecoins (digital currencies that are usually pegged to national fiat currencies). According to a... Read More

The post World Economic Forum Establishes Consortium Focused on Creating Governance Framework for Virtual Currencies appeared first on Crowdfund Insider.

Omar Faridi

Dubai International Financial Centre Fintech Hive Launches Investment Accelerator Program in Middle East, Africa, South Asia

22 hours 7 minutes ago

Dubai International Financial Centre (DIFC) Fintech Hive has announced the introduction of their investment-focused accelerator program for startups and other small companies in the Middle East, Africa and South Asia (MEASA) regions. The Fintech Hive Scale Up program will provide partnership and investment opportunities for... Read More

The post Dubai International Financial Centre Fintech Hive Launches Investment Accelerator Program in Middle East, Africa, South Asia appeared first on Crowdfund Insider.

Omar Faridi

Japanese Lawmakers from Ruling Liberal Democratic Party are Preparing a Proposal Recommending Issuing Digital Currency

22 hours 39 minutes ago

A group of around 70 Japanese lawmakers from the nation’s ruling Liberal Democratic Party is reportedly preparing a proposal that recommends issuing a virtual currency. Norihiro Nakayama, a member of the party and parliamentary vice-minister for foreign affairs, stated (on January 24): “China is moving... Read More

The post Japanese Lawmakers from Ruling Liberal Democratic Party are Preparing a Proposal Recommending Issuing Digital Currency appeared first on Crowdfund Insider.

Omar Faridi

San Francisco-based Fintech Ripple’s CEO Brad Garlinghouse Indicates Firm Might Launch IPO

23 hours 11 minutes ago

Brad Garlinghouse, CEO at privately-held Fintech firm Ripple, recently indicated that the San Francisco-based startup might launch an initial public offering (IPO) within the next year. While attending the World Economic Forum (WEF) in Davos, Switzerland, Garlinghouse reportedly told the Wall Street Journal (on January... Read More

The post San Francisco-based Fintech Ripple’s CEO Brad Garlinghouse Indicates Firm Might Launch IPO appeared first on Crowdfund Insider.

Omar Faridi

Lawmakers from Hawaii Propose Bill Asking to Allow Financial Institutions to Offer Custody Services for Digital Assets

23 hours 13 minutes ago

Five lawmakers from the US state of Hawaii have proposed a new bill asking to give permission to financial institutions to offer custody services for digital assets. If the proposed Senate bill 2594 is approved, then it would become legal for Hawaii’s banks to custody... Read More

The post Lawmakers from Hawaii Propose Bill Asking to Allow Financial Institutions to Offer Custody Services for Digital Assets appeared first on Crowdfund Insider.

Omar Faridi

Update: Honcho’s Latest Equity Crowdfunding Round Nears £1 Million in Funding During the Final Days on Crowdcube

1 day 10 hours ago

Honcho’s latest equity crowdfunding campaign on Crowdcube is now nearing £1 million in funding. The UK-based insurtech launched the initiative last month with a mission to raise a minimum of £700,000. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation. Honcho describes... Read More

The post Update: Honcho’s Latest Equity Crowdfunding Round Nears £1 Million in Funding During the Final Days on Crowdcube appeared first on Crowdfund Insider.

Samantha Hurst

Morgan Stanley Unveils New Brokerage Account “CashPlus”

1 day 10 hours ago

Morgan Stanley announced on Thursday the launch of CashPlus, which is described as a new brokerage account that offers clients a “modern alternative” to banking. According to Morgan Stanley, the CashPlus Account replaces the Premier Cash Management program. The account offers two account types, the... Read More

The post Morgan Stanley Unveils New Brokerage Account “CashPlus” appeared first on Crowdfund Insider.

Samantha Hurst

Mastercard Announces New Global Intelligence & Cyber Center in Vancouver

1 day 10 hours ago

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,... Read More

The post Mastercard Announces New Global Intelligence & Cyber Center in Vancouver appeared first on Crowdfund Insider.

Samantha Hurst

SEI Ventures Partners AI-Enhanced Intelligence Firm ForwardLane to Provide Insights to Financial Institutions

1 day 16 hours ago

SEI Ventures has teamed up with ForwardLane, a developer of artificial intelligence (AI)-powered intelligence to financial services professionals, in order to support the growth and for the provision of AI-enhanced insights for wealth management firms, asset managers and commercial banking institutions. SixThirty Global Fintech Fund... Read More

The post SEI Ventures Partners AI-Enhanced Intelligence Firm ForwardLane to Provide Insights to Financial Institutions appeared first on Crowdfund Insider.

Omar Faridi

Fundrise Reports Overall Net Return for Investors of 9.47% for 2019

1 day 18 hours ago

Real estate marketplace Fundrise recently published its annual letter where it reflects on platform overall performance and comments on the forthcoming year. Fundrise takes a fund approach with a series of targeted funds utilizing Reg A+. Effectively, these are unlisted funds that seek to drive... Read More

The post Fundrise Reports Overall Net Return for Investors of 9.47% for 2019 appeared first on Crowdfund Insider.

JD Alois

BNP Paribas Partners Open Banking Platform Tink to Improve its Account Aggregation and Money Management Services

1 day 18 hours ago

BNP Paribas has teamed up with Tink in order to improve its account aggregation, payment initiation and personal money management services. The partnership between the two companies will involve Tink working with BNP Paribas’ Italy-based retail network Banca Nazionale del Lavoro (BNL). Tink’s solutions will... Read More

The post BNP Paribas Partners Open Banking Platform Tink to Improve its Account Aggregation and Money Management Services appeared first on Crowdfund Insider.

Omar Faridi

Deutsche Bundesbank and Deutsche Börse Join in Publishing Study on Usage of Distributed Ledger Technology

1 day 19 hours ago

Deutsche Bundesbank and Deutsche Börse have joined forces in publishing a study on the uses of distributed ledger technology (DLT) or blockchain. The bank and exchange believe that “DLT solutions can deliver substantial benefits” and “tokenized securities and baskets substantially improve collateral mobility.” The pro-blockchain... Read More

The post Deutsche Bundesbank and Deutsche Börse Join in Publishing Study on Usage of Distributed Ledger Technology appeared first on Crowdfund Insider.

JD Alois
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