At Fintech Nexus' Merge 2022 event, the future of DeFi and DAOs was discussed. Lex Sokolin believes it is time for a new economy to be born.
By OakNorth -- OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small
Almost a third of venture capital investment in the UK was done by the European Investment Fund (EIF) and since the Brexit decision was made this funding source has been turned off; while the British government has attempted to fill the void they have fallen short; "The pullback of the EIF puts the UK at a structural disadvantage compared to other European countries," Fred Destin, a London-based venture capitalist tells Politico; the EIF accounted for $2.7 billion worth of investment into 144 companies from 2011 to 2015 in the UK; the EIF has said they are just doing more diligence on the companies from the UK but the reality is that they have completely pulled back; the British Business Bank has announced plans to offer over $450 million in investments but venture capitalists have said they are unsure if the government can afford to do this in the long term. Source
Raisin, a leading German provider of open banking for savings and investment products, says it now has more than €25bn in assets under management (AUM) in savings products.
UK based digital bank Revolut has strongly denied claims that they interfered in Lithuanian politics when acquiring their banking license;...
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.
Railsbank is a leading UK Based open banking/regtech technology services platform and Cross River is a provider of banking services...
According to a new survey by Starling Bank UK based small businesses spend about 15 hours a week or 10...
It has been a long time since OnDeck and LendingClub went public in the US; the shares of both companies are down significantly since that time; now Funding Circle is planning to go public as late autumn, but what is the right valuation for the company? Financial Times reviews Funding Circle’s business and the importance of whether investors value it as a finance or software business. Source
Cryptocurrency Exchange KuCoin has recently released the German version of its 'Into the Cryptoverse 2022 Report'.