Virtual currency sales jump in 2018
But results skewed by two big token sales. Virtual currency sales ballooned to US$9.1 billion ($11.9 billion) so far this year, exceeding the US$6.6 billion total for all of 2017, new numbers show. But the monthly trend actually showed a slowdown if the two biggest offerings are excluded. Digital technology startups around the world have raised funds by selling cryptocurrencies, or tokens, that sidestep banks or venture capital firms as intermediaries. Financial technology provider Autonomous NEXT reported the US$9.1 billion figure, noting that the total includes token sale offerings of Telegram, a messaging service founded by Russia-born entrepreneurs Pavel and Nikolai Durov in 2013, and Block.one’s EOS currency. Telegram raised […]
Macquarie slips $20m into Stocard’s mobile wallet
Mobile wallet firm Stocard has landed $20 million from Macquarie Capital, with follow-on financing from original investors Shortcut, Alstin, Rocketship, HTGF and Engelhorn. Stocard co-founder and chief executive Bjorn Goss said the company would use the funds to launch a mobile payment functionality, recruit 40 employees across engineering, sales and marketing, and expand into new markets starting with the opening of its Paris office this week, then Toronto in the coming weeks. “It’s no longer a question that wallets will go mobile; the question is around how to execute the transition with the consumer’s best experience in mind,” he said. “Digital will reshape the shopping process and experience, as mobile […]
Innovative fintechs: it’s time to step forward for the 2018 Fintech100
Nominations are now open for the 2018 KPMG & H2 Ventures Fintech100, which recognizes leading fintech innovators from around the globe. The 2018 Fintech100 will be announced in October 2018. Visit fintechinnovators.com by Friday, 3 August 2018 and nominate your company, or any fintech you think should be considered for the Fintech100 The Fintech100, available at http://fintechinnovators.com, is compiled by fintech investment firm, H2 Ventures in collaboration with KPMG’s Global Fintech practice and includes both the leading 50 established fintechs, and the most intriguing 50 “emerging stars.” How to nominate and the judging process Nominations for the Fintech100 can be made at www.fintechinnovators.com website by Friday, 3 August 2018. The […]
Gobbill inks deal with iSignthis for card processing and eKYC
Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX/FRA:TA8), the world leading RegTech for identity verification and payment services, is pleased to announce that it has signed an agreement with an artificial intelligence (AI) fintech bill payment automation startup called Gobbill™. iSignthis is supporting innovative companies like Gobbill by providing global identity verification and payment solutions. The partnership with iSignthis supports Gobbill’s international expansion plans utilising their identity verification services and transactional banking facilities to clear payments. “Partnering with iSignthis is a strategic and important milestone for Gobbill. It enables our customers to pay any bill for billers that do not accept card payments or various card […]
The 3rd Annual FinTech Awards 2018 launched – Call For Entries
The 3rd Annual Australian FinTech Awards 2018 are officially open, with Founder, Glen Frost, calling for Australian fintechs to submit their entries for the 2018 awards. According to Frost, The 3rd Annual FinTech Awards 2018 will “Celebrate the achievements of the dynamic people and businesses in the Australian fintech sector. These Awards recognize success in the FinTech sector in its many forms – and every year we see greater success, and more people attending!” “The FinTech Awards brings together the influential, disruptive, collaborative and innovative technology companies that are redefining financial services – this is a very exciting time to be in fintech,” said Frost. “Now it’s its third year, […]
Verrency boosts commercial offering signing ten strategic Fintech partners
Australian global payments provider Verrency has signed ten strategic FinTech partners in just six weeks as it continues to gain global traction. Founded in 2016, Verrency enables banks to cost-effectively deliver the latest value-added payment capabilities and curated FinTech services – via V+, their FinTech marketplace – to their customers without replacing or heavily modifying their existing payments infrastructure. As part of the recently signed partnership agreements, Verrency enables these signed partners to easily distribute their services to global financial institutions via Verrency’s API platform. Some of Verrency’s newly signed FinTech partners include: UK-based ComplyAdvantage, which provides real-time screening and monitoring technology powered by artificial intelligence to help companies comply […]
GetCapital announces new partnership with FAST
Leading aggregator Finance & Systems Technology (FAST) has announced the appointment of specialist small business finance provider GetCapital to its lending panel. Founded in 2000, FAST is one of the largest and most established aggregators in Australia, supporting more than 1,300 brokers to arrange over $21 billion in residential and commercial lending for customers annually. Brendan Wright, CEO of FAST, said this latest appointment reinforced the aggregator’s commitment to continually supporting FAST brokers to meet their business clients’ needs. “This announcement is very much aligned with FAST’s strategy to support brokers to cater to SME clients. Business and commercial finance have long been hallmarks of FAST’s unique value proposition, with […]
$817M Later: LexisNexis partners with first institutional cryptocurrency exchange
Risk management giant LexisNexis Risk Solutions is now working with the first cryptocurrency exchange to use technology acquired in an $817 million deal earlier this year. The partnership to verify the identities of Melbourne-based Blockbid’s customers also marks the first time LexisNexis has combined its existing database of high-risk individuals with 1.4 billion unique identities brought to the company from ThreatMetrix, which was acquired in a cash deal announced in February. While Blockbid plans to use the two pools of identity data to gather information about its customers during the onboarding process, LexisNexis senior vice president Thomas Brown positions the newly combined products as part of a larger push within the […]
