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Updated: 1 week 5 days ago

Crypto Bank BabelFinance Reports Lending has Topped $124 Million, Predicts $1 Billion in Issued Loans by the End of the Next Crypto Bull Run

Wed, 06/12/2019 - 19:26

Beijing-based BabelFinance, formerly doing business as BabelBank, has issued a release stating crypto backed loans are booming. Since opening in 2018, BabelFinance has originated more than $124 million in crypto backed loans. According to a note from the company, BabelFinance expects to hit “$1 billion... Read More

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Bitfinex Lists OKEx Native Token “OKB” & OKLink Stablecoin “USDK”

Wed, 06/12/2019 - 18:14

Cryptocurrency exchange OKEx announced on Wednesday the listing of its native token, OKB, on another leading cryptocurrency exchange, Bitfinex. Bitfinex will also list USDK, which is a stablecoin co-developed by OKLink, a blockchain technology company, and Prime Trust. “Empowering OKEx’s ecosystem, OKB allows OKEx users... Read More

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Global Healthcare Platform MintHeath Partners With KoreConX to Use Digital Securities Protocol

Wed, 06/12/2019 - 16:42

KoreConX announced on Wednesday that MintHealth, a global health platform, has chosen the KoreProtocol as its official protocol to be used in its Digital Securities Offering. According to KoreConX, MintHealth is a global, decentralized health platform that aligns healthcare stakeholders around the shared goal of... Read More

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Banq to Raise Capital for Helbiz in Advance of Plannned IPO and Dual Listing on Nasdaq and AIM Italia

Wed, 06/12/2019 - 15:57

Banq, a digital platform that is part of investment bank Tripoint Global, is raising capital for Helbiz in advance of a planned initial public offering (IPO) on Nasdaq. Simultaneously, the shares are expected to list and trade on AIM Italia in what is being described... Read More

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Klara Expansion: Announces Second UK Office in Central Manchester

Wed, 06/12/2019 - 15:56

Payment processing brand Klarna announced on Wednesday the expansion of its UK operations with a new office located in Manchester. According to Klarna, the new office will open in Summer 2019 and will be located at the Old Granada Studios, which is a payments and... Read More

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Ripple Partner PXP Financial Teams Up with MoneyNetint to Enable Cross Border Payments Processing

Wed, 06/12/2019 - 14:33

PXP Financial, a Ripple partner and global payments company that is delivering acquiring solutions built by merchants for merchants, announced on Wednesday it has formed a partnership with borderless commerce company MoneyNetint to provide cross-border payment processing in the U.S. and EU. MoneyNetint currently offers... Read More

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OurCrowd Portfolio Company Wave is Acquired by H&R Block for CDN $537 Million

Wed, 06/12/2019 - 14:05

SME financial software platform Wave has been acquired by H&R block for a solid CDN $537 million, according to a blog post on their site. The Canada based firm is also an OurCrowd portfolio company and represents a series of big exits for the crowdfunding... Read More

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Smartlands Claims to be First UK Real Estate Crowdfunding Platform to Tokenize Property

Wed, 06/12/2019 - 13:16

Blockchain-based Smartlands is claiming to be the first crowdfunding platform in the UK to tokenize property investments. Based in London, Smartlands describes itself as a “worldwide security token issuance platform.” Smartlands is regulated by the UK Financial Conduct Authority (FCA). A quick visit to the... Read More

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Cryptocurrency Exchange Crypto.com Announces DASH Listing

Wed, 06/12/2019 - 12:36

Hong Kong-based cryptocurrency platform Crypto.com announced on Tuesday it has listed DASH to its Wallet & Card App. DASH joins a growing list of cryptocurrencies and stablecoins on the Crypto.com platform, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, TrueUSD (TUSD), PAXOS (PAX), and... Read More

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Factoring Fintech Finexkap Raises €39 Million. Targets €1 Billion of Invoice Financing in 2 Years

Wed, 06/12/2019 - 12:20

Factoring platform Finexkap has closed on a €39 million funding round, according to a release from the firm. Strategic investor Chenavari Investment Managers led the round which included the participation of existing investors. Finexkap said their goal is to finance €1 billion of invoices by... Read More

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Mixer Down: Cryptocurrency Anonymizing Service Shut Down by Europol

Wed, 05/22/2019 - 21:23

Police in the Netherlands and Luxembourg have seized six servers hosting Bestmixer.io, “one of the three largest mixing services for cryptocurrencies.” The seizures, cooperatively executed by the Dutch Fiscal Information and Investigation Service (FIOD), Europol and the authorities in Luxembourg, have resulted in the complete shutdown... Read More

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U.S. Insurtech Snapsheet Secures $29 Million Through Series E Funding Round Led By Tola Capital

Wed, 05/22/2019 - 20:11

Snapsheet, a U.S.-based insurtech that’s focused in virtual claims solution, announced earlier this week it raised $29 million through its Series E funding round, which was led by Tola Capital, a venture capital firm that focuses on enterprise software. It includes participation from new investors,... Read More

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SEC Commissioner Hester Peirce Gives Props to Bermuda and Crypto Custody Approach

Wed, 05/22/2019 - 19:35

Securities custody is a challenging service even for analog firms. Crypto brings with it a whole host of nuanced hurdles when providing custody for digital assets. There are a few firms that have successfully launched custody for crypto – such as PrimeTrust. Fidelity is providing... Read More

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N26 Addresses BaFin Order About Money Laundering & Financial Failures

Wed, 05/22/2019 - 19:11

On Tuesday, the Federal Financial Supervisory Authority (BaFin), Germany’s supervisor of banks, financial services providers, insurance undertakings, and securities trading, reportedly published an order for N26 to remove backlogs in IT monitoring in order establish process descriptions and workflows in writing. In response to the... Read More

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PensionBee & Starling Bank Announce Further Integration too Offer Onboarding for New Customers

Wed, 05/22/2019 - 18:34

Pension managing company PensionBee announced earlier this week that it has expanded its integration with digital banking group Starling Bank. PensionBee revealed that Starling Bank customers may now seamlessly combine all their old pensions into a new PensionBee plan, offering a pension consolidation product in... Read More

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Overfunding: Agroop Surpasses €500,000 Funding Target on Seedrs

Wed, 05/22/2019 - 17:44

Portugal-based agriculture tech company, Agroop, has successfully secured its initial €500,000 funding target through its latest equity crowdfunding campaign on Seedrs. The funding round was launched in March, less than two years after Agroop obtained €514,000 on the funding platform.  As previously reported, Agroop was... Read More

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Fintech Unicorn Transferwise Raises $292 Million at $3.5 Billion Valuation: No Need to Go Public as there is an Ocean of Private Capital

Wed, 05/22/2019 - 16:41

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a... Read More

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Insurtech TicketGuardian Rebrands As Protecht

Wed, 05/22/2019 - 15:39

TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced earlier this week it has rebranded to Protecht. According to TicketGuardian, the name change is designed to streamline and simplify the Protecht offerings to partners, prospects, and... Read More

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Wirecard Partners With India’s UTI Infrastructure Technology and Services to Facilitate the Issuing of Physical & Digital Taxpayer Identification Cards

Wed, 05/22/2019 - 15:06

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Wednesday it has formed a new partnership with India’s government-owned company UTI Infrastructure Technology and Services Limited (UTIITSL), to facilitate the issuing of physical and digital taxpayer identification cards, also known as PAN (Permanent... Read More

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Institutional Money is Coming: Real Estate Crowdfunding Platform PeerStreet Hires Wall Street Veteran to Manage “Substantial Institutional Growth”

Wed, 05/22/2019 - 14:57

PeerStreet, a leading crowdfunding platform serving the real estate marketplace, is expecting “substantial institutional growth.” In the online capital formation world, institutional money is needed for a platform to effectively scale. Since platform launch, PeerStreet has done a pretty effective job as loan facilitations have... Read More

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