1.UK – P2P
2. UK – FinTech
Coin Telegraph reports:
“United Kingdom-based crypto exchange and futures provider Crypto Facilities has significantly increased its trading volumes after being acquired by crypto exchange Kraken, according to the information shared with Cointelegraph Tuesday, Mar. 5.
Cointelegraph spoke to Sui Chung, head of cryptocurrency pricing products at Crypto Facilities, according to whom the platform’s trading volumes have increased more than 500 percent.
Chung said that company’s average daily trading volume was around $7 million per day in January. However, following the acquisition announcement, it has increased to $32 million per day in February, reaching up to $110 million one day that month.
Chung linked the boost to a strong latent demand for crypto futures from the Kraken customer base, with the number of daily users steadily growing throughout the month. He confirmed that Crypto Facilities’ trading volume reached almost $1 billion during the month of February. He further explained that Crypto Facilities can offer services to Kraken users that are compliant with Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.
Kraken bought Crypto Facilities for in a “nine-figure deal” on Feb. 4. As Cointelegraph reportedfollowing the matter, Crypto Facilities is fully regulated by the U.K.’s Financial Conduct Authority, giving Kraken a major foothold in the European market.”
3. International – AltFi
Private Equity Wire carries news of a series B raise in Singapore.
Validus Capital (Validus), Singapore's leading SME financing platform, has successfully raised USD15.2 million (SGD20.5 million) in an oversubscribed Series B funding round.
Investment in Validus' Series B round was led by FMO, Netherlands' public-private development bank. FMO has over 300 investments in banking and financial services institutions (BFSIs). Its investment in Validus marked FMO's first fintech investment in Southeast Asia, a region which saw over USD5.7 billion in fintech investments in 2017 according to KPMG. Participating investors also include Taiwan's Cathay Financial Holdings, Singapore's Openspace Ventures (previously NSI Ventures), Temasek investment arm Vertex Ventures, Thailand's AddVentures by SCG and Vietnam's VinaCapital Ventures.
4. International – AltFi
“Mumbai-based online lending startup SMECorner has raised INR 90 Cr ($12.7 Mn) in a fresh funding round of debt and equity, led by Quona Capital. Of this, a tranche of INR 35 Cr ($4.9 Mn) equity capital was contributed by Accion Frontier Inclusion Fund managed by Quona Capital,
The balance equity was infused by the existing investors including Accion Venture Lab. In addition, it has also raised debt from leading financial institutions.
SMECorner was founded in 2014 by Samir Bhatia. The startup offers quick access to business loans to micro, small and medium enterprises (MSME). It is aimed at addressing the SME lending gap in the country by using a proprietary online platform that combines machine learning, data science and artificial intelligence in a safe environment.”
5. International – FinTech
The security token launch platform Polymath recently partnered with the decentralized exchange (DEX) Loopring, reports Securities.io.
“The partnership allowed Polymath to prove that their ST-20 tokens can remain compliant in secondary markets. The test results showcased this ability as the developers completed their tests successfully.
Two tests were conducted. Both tests involved trading an ST-20 token with a “wrapped ETH” token. Wrapped ETH tokens are ETH wrapped in the ERC-20 protocol. The first test attempted to exchange the tokens with all the necessary regulatory requirements met. This test completed as planned. The next test was similar but developers purposely left out certain compliance requirements. This test failed to complete.”