Archive for May, 2018

MassChallenge Launches New FinTech Accelerator

MassChallenge, a global network of zero-equity startup accelerators, will launch its newest vertical accelerator to support and grow startups in the FinTech industry. Headquartered in Boston, MassChallenge FinTech will match later-stage FinTech startups with industry leaders to accelerate the emerging products and services that have the power to transform the financial services ecosystem. Startups selected for […]

Portugal’s taxman publishes guidelines for cryptocurrency taxes

The Portuguese Tax Authority (PTA) has created a framework that defines a handful of taxes for cryptocurrencies, helping to provide a great amount of clarity on the murky subject. The push for the guidelines came from an unidentified company, possibly in the utility sector, which was looking to launch an ICO and a token built […]

21 FinTech Firms Sign up to Make CEZA a Blockchain and Cryptocurrency Hub

At least 21 offshore companies in the FinTech sector have signed up with the Cagayan Special Economic Zone Authority (CEZA) after the CEZA Fintech Summit 2018 in the Philippines. According to CEZA CEO and Administrator, Raul Lambino, the state agency is seeking to make the Cagayan Valley a ‘FinTech City’ or Asia’s Silicon Valley. Despite the tight […]

Fundbox Wins The Prestigious Israeli Atlas Award For Best Fintech Startup

Fundbox, the small business growth company, has won the coveted Israeli Atlas Award for Best Fintech Start-Up. For a third year in a row, the 2018 Israeli Atlas Award event was held in cooperation with the Ayn Rand Center, The Marker and such leading partners as, BDI, IVC, Bank Hapoalim and Israel Aerospace Industries. The […]

Fintech Startup CredRight Raises Rs 9 Cr in pre-Series A Funding from YourNest & Accion

Seed-stage investor Accion Venture Lab, Early stage VC fund YourNest & few prominent angels have jointly invested Rs 9 crore in the Hyderabad-based fintech startup CredRight,  a data driven platform that provides credit to unserved & underserved micro, small, and medium enterprises (MSMEs) leveraging ROSCAs/Chit Funds in India. With this new injection of capital, CredRight plans […]

NY, Silicon Valley Remain Top US Fintech Hubs But Others Are Emerging

New York and Silicon Valley are the indisputable top fintech hubs in the US and amongst the largest ones in the world. New York’s leading global financial hub and Silicon Valley’s world renowned technology hub have provided both locations with the right resources to lead the fintech revolution. But in the past years, several other […]

FinTech firm becomes unicorn after $250m round

Tradeshift, a cloud-based business network for supply chain payments and marketplaces, is raising $250 million in a funding round led by Goldman Sachs and PSP Investments. The global FinTech firm, which operates from 15 global offices including a UK base in London, says the new round of financing pushes its valuation to $1.1 billion. Tradeshift enables […]

UK workers lose £2.1 billion every year by not claiming expenses, start-up Pleo wants to change that

More than one-third of workers say they never claim business expenses back, and over half say they will not claim unless they are owed more than £5. All of this is to the detriment of UK workers who are losing £2.1 billion every year through unpaid business expenses. The London and Copenhagen-based start-up named Pleo wants […]

US SEC to discuss Bitcoin and ICOs at Investing in America conference

The Atlanta Regional Office of the U.S. Securities and Exchange Commission (SEC) is going to hold an investor conference on June 13, 2018, at Georgia State University. The one-day “Investing in America” conference will include a break-out session on bitcoin and ICOs. The main session will feature SEC Chairman Jay Clayton and Commissioners Kara Stein, Michael […]

Deutsche Börse reveals €270m fintech war chest

Deutsche Börse has earmarked €270m for investment in new technologies and hundreds of new jobs as it looks to move on from its failed merger with the London Stock Exchange. In the first major strategy update under new chief executive Theodor Weimer, the exhange set out a plan to invest in blockchain, big data analysis, cloud computing, robotics and […]