UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. According to Starling, the partnership will bring affordable legal services to the marketplace’s 88,000 small business customers. “Starling Business Account holders can... Read More
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Last week, P2P property lender Landbay announced it would no longer accept retail money as it moved away from the peer to peer lending model. Managing P2P investors is simply too costly for the amount of money raised. Over time, institutional money pushed out smaller... Read More
The post An Industry in Transition: ThinCats Exits P2P Lending to Focus only on Institutional Money appeared first on Crowdfund Insider.
The race to compete with emerging Fintechs is compelling most all banks to up their game. This is good for the consumer. Better service and lower costs (hopefully). If traditional banks want to survive ongoing iterations and a willingness to change is vital. Today, NatWest... Read More
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Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may need. The legal technology (Legaltech) startup has reportedly raised $100,000 from various angel investors. The investors include:... Read More
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StudentFinance, a Fintech firm launched by the founders of Uniplaces, recently revealed that it had secured €1.15 million (appr. $1.27 million) in seed funding led by Seedcamp, a Revolut and Transferwise investor, which are two of Europe’s largest Fintech companies. Mustard Seed Maze also took... Read More
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Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures
FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges... Read More
Prominent venture capitalist and blockchain proponent Tim Draper has backed LA-based blockchain-focused venture firm. Goren Holm Ventures has received an investment from Draper and expanded his partnership with the firm, now rebranded to Draper Goren Holm. Co-founded by Josef Holm and Alon Goren, the VC... Read More
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Hungary’s Central Bank Issues Warning stating that Traditional Lenders Might Be Forced Out of Market Due to Competitive Fintech Firms
Some of Hungary’s financial institutions might be forced to exit the market as they may not be adequately prepared to continue to compete with challengers from the Fintech industry. Traditional institutions are also facing increasing pressure due to declining revenues from a consistently low-yield environment,... Read More
We have deliberately chosen to limit our presentation, for pedagogical reasons, to the four fundamental periods represented by the emergence of Bitcoin, Ethereum, Libra and CBDCs (Central Bank Digital Currency) because no other event (derived or similar project) has had such an impact on the... Read More
The post Blockchain, A Four-Time Waltz: Bitcoin, Ethereum, Libra & the CBDCs – The Need for a New Balance appeared first on Crowdfund Insider.
Lelystad, Netherlands-based Givt, an online giving solution, has raised over €650,000 (appr. $718,000) from 205 investors via a crowdfunding campaign it launched in October 2019. At present, Givt’s campaign stands at around 108%. The crowdfunding is expected to last until the end of this year.... Read More
The post Overfunding: Online Giving Solution Givt has Now Raised Over €650,000 on Seedrs appeared first on Crowdfund Insider.
A report by global consulting firm AT Kearney recently addressed the emergence of digital challenger banks. Published last week, and authored by Simon Kent and Danil Makarov, the research states that challenger banks are “already mainstream” and if old school high street banks don’t wake... Read More
The post Report: Traditional Banks Retain Trust, But Challenger Banks Have Charm appeared first on Crowdfund Insider.
Banking Software Developer Temenos Reveals that the Egyptian National Post Organization will be Using its Technology
Banking software developer Temenos (SIX: TEMN) revealed on December 3 that the Egyptian National Post Organization (ENPO) has chosen its cloud-native, cloud-agnostic Temenos T24 Transact, which is described as “the next generation in core banking.” ENPO has also selected Temenos Infinity, an omnichannel online banking... Read More
Less than two years after securing more than £400,000 through its previous Crowdcube campaign, 1854 Media, a digital media business, has returned to the equity crowdfunding platform to raise a minimum of £300,000 in funding. As previously reported, 1854 Media has been dedicated to photography... Read More
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Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that... Read More
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SEC Small Business Capital Formation Advisory Committee Schedules Meeting to Further Discuss Regulatory Harmonization
The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee has scheduled an additional meeting to discuss regulatory harmonization along the lines the Commission’s Concept Release published earlier this year. The SEC officially closed comments on its Concept Release in September but feedback... Read More
Igor Senra and Leo Mendes, founders of online payments company MOIP, which was acquired by WireCard in 2016, have raised $10 million in order to help fund the operations of a new company, called Cora. Senra and Mendez developed their first business by providing services... Read More
The post Brazil-based Fintech Platform Cora Raises $10 Million in Round Led by Kaszek Ventures appeared first on Crowdfund Insider.
The Financial Industry Regulatory Authority (FINRA), a private US-based corporation that acts as a self-regulatory organization, has chosen Amazon Web Services (AWS) (NASDAQ:AMZN) as its cloud service provider for market surveillance data. AWS’s cloud services will be used by FINRA’s consolidated audit trading (CAT) subsidiary.... Read More
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US House Financial Services Committee: US Treasury Secretary Mnuchin Says “No Need” for Federal Digital Currency (CBDC)
US Secretary of the Treasury Steve Mnuchin told members of the US House Financial Services Committee Thursday that both he and Federal Reserve Chairman Jerome Powell feel there is “no need” for the US to develop a digital currency in the near term. Currently, multiple... Read More
A cryptocurrency mining company that received grants and unsecured loans from several Canadian government agencies has filed for bankruptcy, CBC reports. According to the outlet, bankruptcy documents filed last month indicate that Great North Data has liabilities of $13.2 million CAD and assets of $4.6... Read More
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Ukraine’s Government Approves Final Draft of New Anti-Money Laundering Laws that Apply to Virtual Assets
Ukraine’s government has reportedly approved the nation’s final draft of a new money laundering law that applies to virtual assets (or cryptocurrencies) and virtual asset service providers (VASPs), according to the Financial Action Task Force (FATF) guidelines. The Rada, the country’s legislative body, released a... Read More