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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

Fintech News Roundup USA

·Mar. 26, 2018

Santander Partners with Ripple on International Money Transfer App

Santander has teamed up with Ripple to bring to market the first international money transfer app by a large retail bank based on blockchain technology; the project does not yet have a launch date but Business Insider reports the companies said in the next few months; the app will allow for transfers to be settles within 24 hours and customers will be able to understand all costs before making a transfer. Source.

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Europe Fintech News Roundup

·Apr. 25, 2017

The House Crowd Reports Five Years of Funding

UK crowdfunding platform The House Crowd has now reported five years of operations with fundraising of more than GBP44 million ($56.26 million); the platform offers property crowdfunding and P2P loan financing services; over 15,000 investors with the platform have earned over GBP9 million ($11.51 million) in returns; it has grown its staff to 20 with a number of recent additions and product expansions. Source

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Europe Fintech News Roundup

·Jan. 21, 2020

More Transparency is Coming to Remittances in 2020

According to McKinsey $10 trillion is sent across borders by consumers and...

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Asia/Pac Fintech News Roundup

·Aug. 30, 2017

Bahrain Is the Latest to Build a Regulatory Sandbox

Central Bank of Bahrain (CBB) has announced the first members of its new regulatory sandbox: NOW Money and Tramonex; H.E. Khalid Al Rumaihi, chief executive of the Economic Development Board of Bahrain (EDB) explains to AltFi, "In addition to the development of the regulatory sandbox, we have a number of further initiatives we expect to be launched in the coming months including a venture capital fund-of-funds."; NOW Money offers users in the Gulf region mobile banking and Tramonex helps companies process and transfer funds online. Source

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Asia/Pac Fintech News Roundup

·Nov. 28, 2016

Capital Float Starts Merchant Cash Advance Business

With demonetization in full swing, Capital Float has expanded their loan offerings to include businesses with card machines; the new program will allow vendors to take out a loan of up to 200% of their sales; loans will then be paid back based on a small fee from each transaction; the company expects a surge in loans based upon the new government program to remove large cash notes. Source

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Europe News Roundup Online Lending

·Jan. 12, 2017

Lend Academy Article: Funding Circle Kicks Off 2017 with $100mn Equity Round

Funding Circle has announced a new equity investment of $100 million; the funding round was led by Accel and included existing investors Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures; the funding brings the firm's total capital raised to $373 million and makes it the largest and best capitalized SME lending platform in the world. Source

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News Roundup Online Lending USA

·Mar. 29, 2017

BlueVine Reports Third Year of Online Financing

Firm has been providing working capital financing for small and medium size businesses (SME) for three years; reported working capital funding of approximately $200 million in 2016 and estimates total funding through 2017 to reach $700 million; firm primarily lends to retail, IT services, business services, media and entertainment, engineering and construction through its flexible working capital financing and Flex Credit product which offers revolving business credit lines of up to $100,000. Source

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News Roundup Online Lending USA

·Jan. 3, 2017

Prospect Marketplace Lending Corp. Files Form 40-APP for Multiple Share Classes

In October 2016, Prospect Marketplace Lending Corp. filed an N-8A and an N-2 indicating the company's investment status and plans for managing a closed-end fund investing 80% of the assets in marketplace lending investments; the firm has now filed a Form 40-APP; the Form 40-APP requests permission to offer multiple share classes, each with its own fee and expense structure. Source

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Fintech News Roundup

·Aug. 22, 2017

Forecasts for Bitcoin

Bitcoin's price has gained over 300% this year and analysts are competing for the highest price forecast; Bloomberg reports on some of the market's top analyst projections which include estimates of $6,000 by year-end, a $7,500 price target for 2018 and a target value of $25,000 by 2022; the cryptocurrency reached a record of $4,477 last week; it has a number of catalysts helping to fuel the market projections including increased transaction speeds and regulatory approval from the CFTC for bitcoin derivatives trading. Source

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Europe Fintech News Roundup

·Mar. 23, 2018

Square Adds Instant Deposit in the UK

Cash flow is often a challenge for businesses; with Square’s Instant Deposit merchants can access bank deposits much faster for a 1% fee; Square hopes this will help attract even larger merchants and boost revenue; the service has already seen success in the US market. Source

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