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1 .UK – P2P
“Assetz Capital has been buoyed by surging interest from business owners and developers during the last two months, having lent in excess of £60m to SMEs during the period.
The Manchester-based firm has provided upwards of 30 loans over the course of the summer, which has led to the construction of 517 homes. Such an appetite is expected to continue over the coming weeks, with a further £40m projected before the end of August.
In May, Assetz Capital confirmed it had lent more than £500m since its inception in 2013. Since then, the total has increased to £590m – a rise of 18 per cent in less than three months.”
2. US – FinTech
“Bittrex, a U.S.-based digital asset trading platform, has teamed up with alternative trading system (ATS) firm Rialto Trading to launch a new digital securities trading platform. According to the duo, the platform will combine Rialto’s licensed broker-dealer ATS, tools, and securities industry experience with Bittrex’s expertise in blockchain technology, cybersecurity, and cryptocurrency trading to create a comprehensive securities offering
Speaking about the collaboration with Bittrex, Rialto CEO, Shari Noonan, stated that by working together Rialto Trading and Bittrex will be able to expand their current client offerings to include digital securities and provide them access to a “globally advanced and reliable trading platform.” Bitrex CEO, Bill Shihara also commented:
“We’re merging Bittrex’s technology, cybersecurity and blockchain expertise with Rialto’s deep knowledge of the securities industry. This new venture is well-positioned to further advance blockchain’s adoption by offering a comprehensive solution at the right time.”
Currently, Rialto operates a regulated ATS for trading fixed income products. The company added that pending approval from regulators, it will expand its ATS operations to include blockchain-based (digital) securities. Both companies added that they are having detailed conversations with regulators to launch the digital securities trading platform.”
3. International – FinTech
Just a little over a month after announcing its expansion plans into Japan with DLTA 21 Blockchain Corp., a Canadian blockchain investment bank, Canadian cryptocurrency Coinsquare announced its upcoming European expansion efforts, which is set for fourth quarter 2018. According to Coinsquare, European customers will have access to the platform’s entire suite of coins, which are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin, and Dash.
4. International – FinTech
“KoinWorks, an Indonesian peer-to-peer lending company, raised USD$16.5m in Series A funding.
The round was led by Mandiri Capital Indonesia with participation from Gunung Sewu and Convergence Ventures.
The company intends to use the funds to invest in technology and improve the user experiences.
Led by co-founder and chairman Willy Arifin, KoinWorks is a fintech lending company that operates a machine learning-driven P2P lending platform connecting investors and borrowers for business, education, health, and employee loans.
The platform has approximately 50,000 lenders.”
5. International – FinTech
Australian fintech SendGold has established an alternative to keeping your money in banks, a peer-to-peer platform based on gold.
The asset-based digital money platform allows customers to save, invest, gift and pay using gold.
The Sydney based started, which has already attracted $2.3 million investment from high net worth investors, has launched an equity crowdfunding campaign to raise another $2 million.
The platform is targeting Asia’s fast-growing and increasingly wealthy middle class.
It was common until the 1930s for currencies to be backed by mountains of physical gold kept in national vaults. Since then paper money has relied on the fact that it is backed by the deep pockets of governments.
SendGold customers become the outright owners of 99.95% pure physical gold bullion, stored in high-security vaults in Australia and insured against damage or theft by Lloyd’s of London.
Users can save their gold for investment or can send it as a payment or gift anywhere in the world as easily as sending a text message.