BitFury Group announced $30 million deal with Credit China Fintech
Blockchain infrastructure provider BitFury Group announced on Thursday a deal with Hong Kong-listed fintech company Credit China Fintech Holdings to set up a joint venture that will focus on promoting the technology in China. As part of the deal, Credit China Fintech will invest $30 million in BitFury shares and the setting up of the joint venture. The joint venture will be used to sell BitFury’s bitcoin mining equipment. BitFury Group provides hardware and software around blockchain technology and this will be its first major venture in China. Blockchain refers to the technology underlying the crypto-currency bitcoin and works like a huge, decentralized ledger that records every transaction made on […]
The first property-backed Innovative Finance ISA has arrived
LandlordInvest, having recently been approved as an ISA manger by the Board of HM Revenue & Customs, becomes the first peer-to-peer lending platform to offer a property-backed Innovative Finance ISA (“IFISA”). LandlordInvest’s property-backed IFISA lets savers invest up to £15,240 in the current tax year (rising to £20,000 in the next tax year) in peer-to-peer loans secured by residential property, and with the ability to earn tax-free returns between 5-12% per annum. It is the first property-backed IFISA ever made available to UK savers, and it is expected to be a valuable addition to any well-diversified portfolio, especially in the current low rate environment. Filip Karadaghi, LandlordInvest’s Chief Executive said: “This […]
Ayannah Named Best in Show At Next Money Fintech Finals 2017
Philippine-based startup Ayannah, a provider of affordable and accessible digital financial services for the world’s unbanked, was named Best in Show by the judges at the Fintech Finals 2017 (FF17) pitch competition at PMQ in Hong Kong on Thursday night. The second annual event, which was held on January 18th-19th, was sponsored by Visa and was part of the StartmeupHK Festival. Besides Ayannah, other finalists of the Fintech Final 2017 include Tapview, MyCash Online, Dataholics, Darc Matter, Bugwolf, PolicyPal, BluePan, Crowd Realty, BugClipper, and Bambu. To read more, please click on the link below… Source: Ayannah Named Best in Show At Next Money Fintech Finals 2017 – Crowdfund Insider
WorldRemit partners with Xpress Money to deliver wider service offering to diaspora communities
Digital money transfer service WorldRemit has partnered with international money transfer brand Xpress Money to open up new remittance routes to 11 countries – including Bangladesh, Pakistan, Indonesia, Malaysia, Thailand, Vietnam, Jordan, Ethiopia, Uganda, Algeria and Lebanon. The partnership has extended WorldRemit’s footprint into new territories, and is expected to further support the growing demand for instant remittances in these countries. According to the World Bank, remittances play an important role in these economies, contributing significantly to GDP. For example, Pakistan received almost $20 billion in remittances in 2015, while Indonesia received almost $10 billion, and Bangladesh received $15 billion, or almost 10% of its GDP. WorldRemit […]
US fintech SoFi targets mortgage lending in Australia
One of the best-funded financial technology companies in the US, SoFi, is preparing to launch in Australia to offer mortgages in direct competition with the banks. In recent days, the San Francisco-based SoFi has used LinkedIn to advertise for a manager of mortgage operations, based in Sydney, along with an operations manager and a marketing manager. The pending opening in Sydney would be SoFi’s first office outside the US, where it has funded more than $US7 billion in student loan refinancing, personal loans and mortgages since it was founded in 2011. Over the past two years, SoFi, which used to be called Social Finance, has raised $1 billion in new […]
Fintech startup Squirrel is crowdfunding fresh investment on SyndicateRoom
A fintech startup whose app helps people better manage their money is seeking fresh funding via crowdfunding. Squirrel is seeking to raise £400,000 on equity crowdfunding platform SyndicateRoom, with £100,000 of that already promised by angel investor Jos Evans. The two-year-old startup offers users a bank account and budgeting features and already has more than 5,000 users and £2.9m managed through the app. It will use the new funds to expand its service, particularly focusing on the students and pensioners. “Engaging online investors in a fundraise has been a route that we’ve been considering for some time,” said founder and chief executive Mutaz Qubbaj. “However, it was crucial to reach […]
Global Payments & Mint Payments sign strategic partnership agreement
Mint Payments Limited (ASX: MNW) (Mint or the Company) and Global Payments Asia Pacific Limited, a subsidiary company of Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and merchant acquiring services, today announced a partnership agreement that will equip Mint and its licensed distribution partners with the ability to provide the Company’s integrated payment technology solutions with Global Payments as the acquirer, in the territories of Malaysia and Singapore with additional territories to follow. As part of the Agreement, Global Payments will also refer its merchants to adopt Mint’s range of integrated payment solutions in these two markets. In the Asia Pacific region, Global Payments Asia […]
Funding Circle: A $100m vote of confidence in the UK’s Peer-to-Peer Lending industry
The news that Funding Circle has raised another $100m from a group of well-respected institutional investors is welcome news for the peer-to-peer lending sector, which has been showing signs of vulnerability of late. The funding round, led by Accel, and supported by investors including Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures, cements Funding Circle’s position as the leading online peer-to-peer marketplace in Europe. To coincide with the announcement, Funding Circle also said yesterday that its total lending to small businesses globally has now reached £2.5bn – including £1.1bn of advances made last year alone. The latest equity investment takes […]
