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·Nov. 21, 2016

ID Authentication Company, Trust Stamp, Raises Capital

Trust Stamp, who focuses their business on identity authentication that leverages artificial intelligence and blockchain technologies, just raised a new round of funding from Second Century Ventures; the amount of the funding has yet to be disclosed; Trust Stamp uses artificial intelligence software to comb through public records and social media data to provide ID verification to real estate professionals who meet new clients; the new funding will help them to continue building out their technology and integrate blockchain into their processes. Source

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Asia/Pac News Roundup Online Lending

·Mar. 14, 2017

ID Finance Partners with Blackmoon for Marketplace Lending Investments

Russian marketplace lender Blackmoon allows professional investors to acquire portfolios of emerging market loans; it has now reported a new partnership with ID Finance, a data science, credit scoring and nonbank digital lending as an application provider; loans are screened and scored by ID Finance's advanced risk assessment system and qualifying loan transactions are automatically transferred to the creditor setting up an automated securitization process. Source

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Europe Fintech News Roundup

·Oct. 11, 2017

ID Finance to Raise $100 Million

Business Insider caught up with ID Finance co-founder and CEO Boris Batin at LendIt Europe; the company hopes to raise around $100 million through bond issuances over the next year; to date ID Finance has raised $10 million in equity and $70 million in debt; the startup is based Barcelona and lends in Russia, Spain, Kazakhstan, Georgia, Poland, Brazil and Mexico; ID Finance has lent $300 million so far. Source

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Europe News Roundup Online Lending

·Sep. 1, 2017

IFISAs Report 2,000 Subscribers in 2016

ISA statistics were released on Thursday by HMRC; last year two thousand Innovative Finance ISA accounts were subscribed with retail investors collectively investing GBP17 million (USD $22 million); this compares to GBP22.325 billion ($28.94 billion) into stocks and shares and GBP39.191 billion ($50.81 billion) into cash ISAs; about one third of money invested into IFISAs on P2P platforms last year was from transfers; while the accounts opened and amount invested were low it still shows appetite for such products. Source

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Fintech News Roundup

·Dec. 8, 2017

IMF Says Chinese Banks May Have Insufficient Capital

A recent review done by the International Monetary Fund found Chinese Banks face capital shortfalls, in particular medium and small banks; the IMF stated that China should consider boosting risk-weighted assets by 0.5 to 1 percent in the next 12 months; Jin Zhongxia, China’s representative on the IMF’s executive board said the assessment was for the most part correct but that they have already begun implementing remedies; the IMF said the problem is manageable but laid out a set of potential reforms to improve the shortfalls going forward. Source

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Asia/Pac News Roundup Online Lending

·Feb. 10, 2017

ID Finance Expanding with Successful Online Lending Business Model

Boris Batin and Alexander Dunaev have grown a successful lending startup after partnering together and launching ID Finance in 2012; the company is an online balance sheet lender that has been expanding throughout Russia, Europe and South America; the partners claim a digital lending business model that can launch and obtain profitability in nine months; part of their success is attributed to identifying challenging markets with growth potential that traditional banks have not entered. Source

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Europe Fintech News Roundup

·Aug. 3, 2017

ID Finance Partners with Da Vinci Capital for Fintech Fund

ID Finance will collaborate with Yuri Popov and asset manager Da Vinci Capital to launch the FinTech Credit Fund; estimated fund value is $200 million with debt financing focused on fintech and alternative lending; ID Finance is a growing fintech firm with three businesses: MoneyMan, Ammopay and Solva. Source

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Europe Fintech News Roundup

·Apr. 24, 2017

IFISA Supporting Growth for Crowd2Fund

UK crowdfunding platform Crowd2Fund has reported year-over-year transaction growth of 4,700%; in Q1 2017 it provided funding to a range of industries with the number of businesses receiving funding increasing by 3,900% in comparison to Q1 2016; growth rates are increasing by 50% per month and the firm expects to transact over GBP10 million ($12.82 million) per month; the firm's IFISA offering has been a factor supporting the firm's growth with 95% of the platform's investments made through IFISAs; the firm offers a variety of capital funding sources for businesses including loans as well as structured equity and debt based financing. Source

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Europe Fintech News Roundup

·Oct. 9, 2017

IMF Chief Christine Lagarde Says Bitcoin Price too High

Christine Lagarde, the head of the International Monetary Fund, told CNBC that the price of bitcoin was too high but that virtual currencies should be taken seriously; “Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays," she said. "So I think it may not be wise to dismiss virtual currencies.”; the interview also touches on the recent regulatory trend to crackdown on the new currencies. Source.

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News Roundup Online Lending USA

·Sep. 1, 2017

In-Depth Details on the Upgrade Loan Platform

SuperMoney reviews the new US consumer lending platform founded by Renaud Laplanche; firm is an online lender focused on personal loans, also offering consumer credit monitoring and education for its customers with benefits for high quality borrowers; SuperMoney outlines the platform's underwriting standards, application process, and pros and cons versus competitors. Source

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