ZrCoin crowdfunds first ever commodities option on blockchain
A new initiative will hold an initial coin offering (ICO) for the production of an industrial material using green technologies – creating the “first” commodity-backed cryptographic token in the process. Called ZrCoin, this will be a derivative – and with the option to buy an equivalent amount of synthetic Zirconium Dioxide (ZrO2). The latter may […]
Dubai ponders regulatory framework for loan-based crowdfunding platforms
The Dubai Financial Services Authority (DFSA) has issued a consultation paper, “Crowdfunding: SME Financing Through Lending”. The paper proposes a regulatory framework for anyone looking to operate a loan-based crowdfunding platform in the Dubai International Financial Centre (DIFC).
Fintech funding round-up: 24 November 2016
Let’s put the fun in funding by keeping it mercifully brief. Money seekers are PayKey, Euklid and Flender.
UK bank challenger Monzo raises £4.8m in latest funding round
Mobile-only challenger bank Monzo has raised £4.8 million in an “interim” funding round led by Passion Capital. The bank is now valued at £50 million (in February this year it was valued at £30 million).
UK’s Financial Conduct Authority calls for crowdfunding feedback
The UK’s Financial Conduct Authority (FCA) is asking for input on its post-implementation review of crowdfunding rules. In its 31-page paper the FCA sets out some of the recent developments across the crowdfunding sector and a number of concerns it has identified. The FCA wants to get feedback from all interested parties relating to the […]
Crowdfunding and investment round-up: 13 May 2016
With news on crowdfunding and investment appearing with relentless regularity, here’s a round-up of key events to save you time. UK challenger bank Tandem has now revealed the money it’s raised and its valuation – all in preparation for a crowdfunding campaign that starts on 20 May. Money raised comes to £22 million and it […]
Nordea to launch crowdfunding service in Finland
Nordea says it will be the “first” bank in Finland to offer its customers an equity-based crowdfunding service. It has developed an online crowdfunding platform that will match entrepreneurs seeking financing with investors; and will be linked to a book-entry system. The service will be launched in the next few months. The bank says the […]
ESMA: ‘crowdfunding would benefit from regulation’
The European Securities and Markets Authority says that crowdfunding platforms are incentivised to operate in a way that they fall outside existing regulations, which is holding back their growth and increasing risks for investors.