Posts Tagged ‘EU’

Fintech start-up TransferWise reports second year of profit, revenue almost doubles

TransferWise, one of Europe’s largest fintech start-ups, reported an annual post-tax net profit of £6.2 million ($8 million) for the fiscal year ending March 2018. Annual revenue nearly doubled to £117 million during the period, from £66 million the previous year. Operating profit came in at £9.5 million following a loss of £519,000 last year. TransferWise […]

One of the World’s Wealthiest Football Clubs is Launching a Cryptocurrency

French soccer giant Paris Saint-Germain football club (PSG) will launch its own cryptocurrency with a token offering that aims to incentivize its supporters over a blockchain. The development sees a new partnership between PSG and blockchain company Socios.com which is based in Malta. PSG’s partnership with the platform will allow the club to launch a […]

Jeff Bezos and Bill Gates back UK FinTech startup Wagestream

Wagestream, which seeks to put an end to the “payday poverty cycle”, raised £4.5m from investors including Bill Gates and Jeff Bezos. The startup has created a mobile app which enables employees of participating businesses to gain access to funds from their salary packages for a flat fee of £1.75. Read more

Unmortgage Aims For Financial Inclusion In Housing Market

London startup Unmortgage has closed a £10 million (just over $13 million USD) seed round as it prepares to launch its “part-own, part-rent” platform next year. Investors in the seed round are FinTech venture capital firms Anthemis Exponential Ventures and Augmentum Fintech, which are betting on Unmortgage’s unique approach to helping first-time buyers secure their first […]

Fintech Month starts on September 11 from the collaboration of Raiffeisen Bank and TechHub Bucharest

Raiffeisen Bank Romania and TechHub Bucharest are organizing the third edition of Fintech Month with the support of Fintech Camp, Product Camp Bucharest, Security Espresso and BucharestJS. Throughout September, those interested find out more about the fintech industry and those who want and understand how they can develop a successful startup in the field are […]

European Parliament’s Committee Drafts ICO Regulation Proposal

The European Parliament Committee on EMA (Economic and Monetary Affairs) published last week a draft proposal mentioning the possibility to include ICOs in new crowdfunding regulation. Although ICOs were warmly welcome by several jurisdictions such as Switzerland, Gibraltar and Malta, a clear lack of regulations and frameworks is still going on. Nevertheless, the proposal conducted under […]

Augmentum Fintech makes new investments totalling GBP7m

UK-listed fintech venture capital investor Augmentum Fintech has invested a GBP3 million convertible note as part of a GBP8 million funding round alongside existing investors, in Tide, an SME challenger bank. Augmentum has also invested GBP2 million in Previse as part of a GBP5.3 million Series A financing. Previse uses machine learning to give multinational companies […]

Cryptocurrency CFDs Limit Comes Into Force in EU

Cryptocurrency contracts for difference (CFDs) limit 2:1 was enforced on August 1 in the EU. The measure will continue at least three months with possible renewal in November. European Securities and Market Authority (ESMA) introduced the crypto restriction as part of wider intervention measures to CFDs and binary options (BOs) for retail investors, including different limits […]

European Parliament: Cryptocurrency Could Replace Fiat Currency

An in-depth analysis of the fintech sector by the European Parliament Committee on Economic and Monetary Affairs revealed a highly nuanced EU Parliament position on cryptocurrencies, with the committee stating the possibility for crypto to function as an alternative to fiat currency in a variety of different applications. The EU Parliament highlights distributed ledger technology as […]

PIMFA FinTech Conference 2018

PIMFA FinTech Conference 2018 is a one-day event, giving attendees the platform to explore the advantages and potential risks of bringing together technology and the investment management and financial advice industry. Industry experts will discuss the latest trends alongside demonstrations by FinTech start-ups, winners of the international FinTech competition 2018, which took place earlier this year. When: […]