Norwegian Block Exchange (NBX) raises capital for growth
Just before New Year, the Norwegian Block Exchange (NBX) completed a NOK 60 million (EUR 5.84m) private equity placement.
Utrecht-based Rabo Frontier Ventures invests in UK fintech and banking company Tide
Rabo Frontier Ventures, Utrecht-based strategic investment venture fund, has invested in the mobile business platform Tide in a Series B investment round. This investment round was led by SBI Group and Augment. Notably, the RFV deal was structured through an SPV that is managed by Anthemis Group, a major early-stage investor in Tide and one of the most active fintech investors. Jeroen van Doornik, Partner at RFV, said: This investment in Tide will generate valuable insights regarding innovation and development in SME banking and further allows us to work together with Anthemis and alongside existing investors such as LocalGlobe. The funding will help Tide substantially increase its share of the […]
Japan’s Cryptocurrency Business Association releases new guidance
The Japan Cryptocurrency Business Association (JCBA), an organization that fosters the responsible development of the crypto asset industry in Japan, has released new guidance on the regulation of crypto asset management. The guidance is the result of a consultation process with crypto exchanges, custodians and other parties and takes their viewpoints into account. The guidance seeks to encourage a crypto asset system that balances user protections with stable market development. Crypto custody The topic for the guidance was the newly added crypto asset management clause for crypto asset exchanges in amendments to Japan’s Payment Services Act announced on May 31 of this year. In the amended Payment Services Act, crypto […]
Banks and Fintechs are duelling in a ‘War For Talent’
Banks may be losing the talent battle to London’s financial-technology industry, but the war for the customer is still to come. Europe’s financial technology startups are on hiring mode, fighting each other – and the incumbents — in what one executive described as a “war for talent.” Payments company GoCardless Ltd., which employs 170 people in London, will open a Paris office in February, said chief product and technology officer Carlos Gonzalez-Cadenas. Online lender LendInvest Ltd. said it will make a “concerted effort” to hire additional engineers in London this year, while Salesforce.com Inc.-backed software company Anaplan Inc. says hiring engineering talent is its current priority. “Last year, we went […]
