Finance industry

New crypto coin, Facebook’s secret blockchain project, the OS of finance, and more

Finance industry

News from around the world Cornell University (NY, USA) professor Emin Gun Sirer is launching his own cryptocurrency coin and network. One of the “higher-profile academic experts on blockchain technologies,” Sirer has secured funding for his startup—Ava Labs Inc.—from some of field’s biggest VCs. Ava will be a competitor of Ethereum and other older blockchains….

For Philanthropy or Profit?: ESG Investing

Finance industry

Investing is often looked at as a greedy action, having little to do about caring for the world around us and serving those in need. However, a new and growing movement is flipping this narrative on its head, by providing investing returns while doing so in businesses that prove themselves to be good stewards of…

Breaking EU funding records, 2019 Bitcoin surge, Banks and Brexit, and more

Finance industry

News from around the world Little-known U.K. fintech startup Checkout.com broke European funding records by raising $230 million (USD) in its latest funding round. Valued at around $2 billion (USD), Checkout.com is a fintech platform that allows companies to process cross-border payments from various sources. Forbes reports: “We have been fortunate to have some of…

London fintech growth, Harvard dives into cryptocurrency, Nordics and Baltics new VC firm, and more

Finance industry

News from around the world London is set to overtake San Francisco as the fintech “unicorn capital of the world,” according to a new report by London-based recruitment firm Robert Walters and research group Vacancy soft. There are 29 fintech unicorns in the world, with nine of those in San Francisco and seven based in…

Apple unveils new credit card, investing in cannabis, Brexit and U.K. Fintech talent

Finance industry

News from around the world Apple recently unveiled its new Apple credit card. The tech giant is moving into the world of banking in partnership with Goldman Sachs and Mastercard, with Apple users able to sign up for the card this summer. Although Apple is a bit late to an already competitive marketplace, its significant…

Cryptocurrencies, Travel Insurance disruption, Quantum computers

Finance industry

News from around the world The U.K.’s Financial Conduct Authority (FCA) recently published research in which they surveyed British consumer’s attitudes around cryptocurrency. They found that people didn’t seem to understand the components (i.e., that you don’t have to purchase a whole coin) and most were looking for ways to make a lot of money…

TechCrunch’s Startup Battlefield, Brexit, fintech, and cryptocurrency news

Finance industry

News from around the world Applications are officially open for TechCrunch’s Startup Battlefield at this year’s Disrupt SF 2019. There’s no fee for applying or for participating (TechCrunch doesn’t take any fees or equity), and entries are open to early-stage startups from any country or vertical. The winning startup wins the coveted Disrupt Cup and…

Blockchain versus Fintech, Lithuania becoming a fintech hub, and the woes of fund managers

Finance industry

News from around the world A recent article by The Next Web (TNW) reports that although EU blockchain companies had a record year in VC investment, they still lag behind the investment going into fintech companies. They looked at Innovate Finance’s 2018 FinTech VC Investment Landscape report, which shows that globally, fintech companies raised $36.6…

Forbes Fintech 50 2019, Paris Fintech Forum, the GFIN’s regulatory sandbox, and more

Finance industry

News from around the world On Monday, Forbes published “The Most Innovative Fintech Companies In 2019,” their fourth edition of what is known as the “Fintech 50 2019.” Not all their chosen companies are based in the U.S. (Transferwise and Bitfury made the list), but all are private companies that have some sort of operations…

TransferWise and Brexit, GDPR and Google, and the World Economic Forum Annual Meeting

Finance industry

News from around the world Estonian-founded and London-based fintech startup TransferWise is applying for a money-transfer license in Brussels. They will open a new office in Belgium’s capital to ensure their business isn’t disrupted by Britain leaving the European Union. Reuters reports: “A Belgian license ensures we can continue to provide a great service globally…