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UK based Fintech Proplend, a P2P Lending Platform, Claims its Loan Queries Doubled in June 2020

2 hours 42 minutes ago

UK-based Proplend, a Fintech platform that matches demand for alternative property finance with investor demand for “inflation-beating returns,” has revealed that its loan queries doubled last month (month-on-month). The FCA approved peer to peer (P2P) lending platform claims that it’s expecting several new deals to... Read More

The post UK based Fintech Proplend, a P2P Lending Platform, Claims its Loan Queries Doubled in June 2020 appeared first on Crowdfund Insider.

Omar Faridi

Fintech Executive Says COVID-19 has been the “Shot in the Arm” that Contactless Payments Needed, Now It’s Unsafe to Use Paper Currency

3 hours 44 minutes ago

Jane Gladstone, the recently appointed president of Promontory Interfinancial Network, has been working in Fintech investment banking since the 1990s. Gladstone established a Fintech merger and acquisition (M&A) and advisory service during the 90s, while working at Morgan Stanley. Gladstone, the former senior MD at... Read More

The post Fintech Executive Says COVID-19 has been the “Shot in the Arm” that Contactless Payments Needed, Now It’s Unsafe to Use Paper Currency appeared first on Crowdfund Insider.

Omar Faridi

China’s Fintech and Blockchain Sector are Supported by $616 Billion in R&D Resources: Report

4 hours 25 minutes ago

The ongoing U.S.-China trade wars and the COVID-19 outbreak have negatively impacted China’s $11-$13 trillion economy, however, the nation’s technology sector continues to develop rapidly. The country’s tech industry is supported by $616 billion in research and development (R&D) resources. In addition to investing in... Read More

The post China’s Fintech and Blockchain Sector are Supported by $616 Billion in R&D Resources: Report appeared first on Crowdfund Insider.

Omar Faridi

Aggregate Security Token Market Cap Increased Over 45% (Month-to-Month) to Nearly $145 Million in June 2020: Report

4 hours 50 minutes ago

The Security Token Group (STG) has published the Security Token Market Report for June 2020. The team at STG claims that during the past 6 months, there’s been substantial growth in the blockchain-based security token sector. In May 2020, tZERO, the leading ATS in the... Read More

The post Aggregate Security Token Market Cap Increased Over 45% (Month-to-Month) to Nearly $145 Million in June 2020: Report appeared first on Crowdfund Insider.

Omar Faridi

Around 66% of European Consumers Say COVID-19 has Accelerated Shift Towards Digital Onboarding, but 40% Can’t Access New Financial Services: Report

5 hours 24 minutes ago

Around 40% of European consumers responding to a survey claim that they’ve not been able to access new financial services because of lockdown measures enforced after the COVID-19 outbreak. These consumers also said they’re unable to access digital platforms, which is why they can’t use... Read More

The post Around 66% of European Consumers Say COVID-19 has Accelerated Shift Towards Digital Onboarding, but 40% Can’t Access New Financial Services: Report appeared first on Crowdfund Insider.

Omar Faridi

UK’s Alternative Business Funding Partners with LawBite, an Online Legal Platform, to Offer Assistance to SMEs Following COVID-19

5 hours 35 minutes ago

UK-based Alternative Business Funding (ABF), a free and easy-to-use website for finding funding sources for SMEs, has teamed up with LawBite, an online legal platform powering a fully SRA regulated UK law firm that provides various legal services to small businesses. Through the partnership, the... Read More

The post UK’s Alternative Business Funding Partners with LawBite, an Online Legal Platform, to Offer Assistance to SMEs Following COVID-19 appeared first on Crowdfund Insider.

Omar Faridi

Insurtech: Getsafe CEO Christian Wiens Comments on Lemonade IPO, European Insurance Market

5 hours 55 minutes ago

Last week, well-known Insurtech Lemonade (NYSE:LMND) launched an initial public offering (IPO) on the New York Stock Exchange. Shares listed at $29 but quickly moved higher closing over $60/share – a significant move. Today, Lemonade traded at around $80 a share giving the young firm... Read More

The post Insurtech: Getsafe CEO Christian Wiens Comments on Lemonade IPO, European Insurance Market appeared first on Crowdfund Insider.

JD Alois

House Financial Services Committee Task Force on AI Schedules Hearing on AI, Contract Tracing and Exposure Tracing for COVID-19

6 hours 41 minutes ago

  Tomorrow (July 8), the Task Force on Artificial Intelligence, part of the House Financial Services Committee will hold a virtual hearing entitled, “Exposure Notification and Contact Tracing: How AI Helps Localities Reopen Safely and Researchers Find a Cure.”  Open to the public, the virtual... Read More

The post House Financial Services Committee Task Force on AI Schedules Hearing on AI, Contract Tracing and Exposure Tracing for COVID-19 appeared first on Crowdfund Insider.

JD Alois

Block.one’s Blockchain based Voice Network has Officially Launched, Plans to “Take Social Media Back” from Big Tech

6 hours 55 minutes ago

Voice, a blockchain-based social media platform created by Block.one, the company behind EOS, a leading distributed ledger tech (DLT) development platform, has confirmed that it has officially launched. Voice is presently available only in the read-only mode for the general public. The social media network... Read More

The post Block.one’s Blockchain based Voice Network has Officially Launched, Plans to “Take Social Media Back” from Big Tech appeared first on Crowdfund Insider.

Omar Faridi

UK Fintech Wagestream Secures £20 Million Through Series B Funding Round Led By Northzone

11 hours 28 minutes ago

Wagestream, a UK-based fintech, announced on Tuesday it has secured £20 million through its Series B funding round, which was led by Northzone with participation from Balderton Capital, QED Investors, LocalGlobe, Fair By Design, Jigsaw VC, and Village Global. Founded in 2018, Wagestream explains it... Read More

The post UK Fintech Wagestream Secures £20 Million Through Series B Funding Round Led By Northzone appeared first on Crowdfund Insider.

Samantha Hurst

Wirecard Insolvency Administrator Says there are Over 100 Interested Parties for Core Business and Associated Companies

11 hours 57 minutes ago

Last week it was announced that Dr. Michael Jaffé had been appointed to oversee the bankruptcy process of Wirecard AG (WDI:DE). The once prominent Fintech dove into ignominy following the revelation of €1.9 billion in missing funds. The financial scandal saw the CEO, Markus Braun,... Read More

The post Wirecard Insolvency Administrator Says there are Over 100 Interested Parties for Core Business and Associated Companies appeared first on Crowdfund Insider.

JD Alois

Overfunding: Mobile Tech Platform Thyngs Quickly Surpasses £200,000 Funding Target Through Latest Seedrs Campaign; Announces New Partnership With Judopay

13 hours 19 minutes ago

Just days after launching its latest equity crowdfunding campaign on Seedrs, UK-based mobile technology platform, Thyngs, has successfully secured its initial £200,000 funding target from nearly 240 Seedrs investors. Thyngs is offering 2.57% in equity at a £7,592,407 pre-money valuation.  As previously reported, Thyngs is... Read More

The post Overfunding: Mobile Tech Platform Thyngs Quickly Surpasses £200,000 Funding Target Through Latest Seedrs Campaign; Announces New Partnership With Judopay appeared first on Crowdfund Insider.

Samantha Hurst

Telegram to Shut Down its TON Test Network Next Month, After Paying $18.5 Million Fine to SEC, and Returning Investors’ Money

14 hours 4 minutes ago

Telegram, a major social network with hundreds of millions of users, had attempted to raise funds through a digital asset offering. However, it recently decided to settle an enforcement action initiated by the US Securities and Exchange Commission (SEC). While Telegram claims it terminated its... Read More

The post Telegram to Shut Down its TON Test Network Next Month, After Paying $18.5 Million Fine to SEC, and Returning Investors’ Money appeared first on Crowdfund Insider.

Omar Faridi

Chainalysis Announces Expansion of Series B Round to $49 Million With New Investment From Ribbit Capital & Sound Ventures

14 hours 55 minutes ago

Blockchain security and analytics firm Chainalysis announced on Tuesday it raised an additional $13 million to expand its Series B round to $49 million with an investment from Ribbit Capital and Sound Ventures.  Founded in 2014, Chainalysis claims it offers cryptocurrency investigation and compliance solutions to global law enforcement... Read More

The post Chainalysis Announces Expansion of Series B Round to $49 Million With New Investment From Ribbit Capital & Sound Ventures appeared first on Crowdfund Insider.

Samantha Hurst

EQIBank Introduces Global Secured Credit Card

16 hours 34 minutes ago

Global digital banking group EQIBank announced on Tuesday the launch of its Global Secured Credit Card, which is now available for both corporate and private account holders.  “Booking flights, arranging hotel accommodation, and making purchases online is now so much easier regardless of where you... Read More

The post EQIBank Introduces Global Secured Credit Card appeared first on Crowdfund Insider.

Samantha Hurst

Digital Banking Group Penta Secures More Than €4 Million in New Funding

16 hours 52 minutes ago

  Digital bank Penta announced on Tuesday it has more than €4 million in funding from new international investors. Penta reported that this second closing of its financing round increases the total investment of its Series B to more than €23 million. The new investors... Read More

The post Digital Banking Group Penta Secures More Than €4 Million in New Funding appeared first on Crowdfund Insider.

Samantha Hurst

ICICI Bank Milestone: Now Has One Million Users on WhatsUp Banking Platform

17 hours 43 minutes ago

India-based banking group ICICI Bank announced it has crossed a milestone of one million users on its WhatsApp banking platform. The bank reported it introduced banking services on WhatsApp three months ago to enable its retail customers to undertake a slew of banking requirements from... Read More

The post ICICI Bank Milestone: Now Has One Million Users on WhatsUp Banking Platform appeared first on Crowdfund Insider.

Samantha Hurst

HM Treasury Update Shows Ongoing Rise of COVID-19 Support Schemes, Bounce Back Loans Top One Million, Future Fund at £380 Million

17 hours 52 minutes ago

  HM Treasury has posted its weekly update on its COVID-19 business support schemes and as one would expect the numbers continue to push higher. HM Treasury reports that more than one million businesses have been approved to receive £45 billion in financing support. In... Read More

The post HM Treasury Update Shows Ongoing Rise of COVID-19 Support Schemes, Bounce Back Loans Top One Million, Future Fund at £380 Million appeared first on Crowdfund Insider.

JD Alois

BitPay App Update: Now Supports Segwit, Dark Mode, & Manage Coinbase Wallet Capability

18 hours 1 minute ago

Global blockchain payments provider BitPay recently announced it has updated its mobile app to support Segwit as well as have dark mode available and the ability to directly among Coinbase wallets. “At BitPay, we constantly strive to improve our products and deliver you the best... Read More

The post BitPay App Update: Now Supports Segwit, Dark Mode, & Manage Coinbase Wallet Capability appeared first on Crowdfund Insider.

Samantha Hurst

Kraken Subsidiary & European Cryptocurrency Exchange Crypto Facilities Obtains Multilateral Trading Facility License from UK’s Financial Conduct Authority

18 hours 24 minutes ago

Crypto Facilities, a subsidiary of Kraken and European cryptocurrency exchange, announced on Monday it has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). Crypto Facilities reported with this new license, it will be able to expand its product range... Read More

The post Kraken Subsidiary & European Cryptocurrency Exchange Crypto Facilities Obtains Multilateral Trading Facility License from UK’s Financial Conduct Authority appeared first on Crowdfund Insider.

Samantha Hurst
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44 minutes 27 seconds ago
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