Professional social network Indorse closes token sale on around $9m

Token-based social networking platform Indorse has closed its token sale on just over 27,422 ETH.

Morpheus Labs receives investment at $2m valuation

Blockchain platform developer Morpheus Labs has received an undisclosed investment, which values the company at $2m.

Trecento Blockchain Capital launches ICO for blockchain investments

Trecento Blockchain Capital, a blockchain-centric investment solution, has launched its Initial Coin Offering (ICO), which is dedicated to blockchain investments.

PIR Equities races to €275m Fund III hard cap close on strong prior performance

Employee-owned private equity house PIR Equities has taken just four months to hit a €275m hard cap close for its third flagship fund, after strong performance from its predecessor vehicles.

Baton Systems collects over $12m in Series A

Baton Systems, a blockchain-inspired bank-to-bank payments infrastructure, has bagged over $12m in its Series A.

Anonymous 4chan group claims to be gearing up to invest $75m in new cryptocurrency...

Members of the controversial online forum 4chan claim to have joined forces to invest and donate $75m in bitcoin to companies protecting personal data, develop anonymity tools, blockchain and cryptocurrencies.

The Libra Association has kickstarted the licensing process with Swiss FINMA

After months of speculation, governmental hearings and partners abandoning the project, it seems as if the Facebook-led cryptocurrency Libra has taken a big step towards being recognised by regulators.

20 FinTech rounds from last week you can’t afford to be unaware of

FinTech companies, RegTech ventures, InsurTech startups and challenger banks raised money in the last week. This is what you can learn from the 20 FinTech rounds we reported on.

Billon picks up $2m for ledger-based banking services

Distributed ledger-based payments firm Billon has raised $2m in funding from a collection of unnamed UK investors.

Streamr ends ICO after hitting hardcap on $30.5m

Blockchain-based data stream Streamr has ended its ICO after hitting its hard cap, pulling in around $30.5m.

News Stories

Big businesses responsible for major cyber vulnerabilities in the UK

Lots of financial services companies leave themselves exposed to hacks by using unpatched services, according to a new report by Rapid7.

Revolut’s losses more than tripled to £107.4m last year

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

Metro Bank launches SME receipt management tool as its reeling from £900m accounting mistake

Metro Bank has launched new app tools for businesses to manage their receipts as the company itself is still recovering from last year's accounting scandal.

MAS urges finance companies to moderate dividends for the financial year

The Monetary Authority of Singapore (MAS) has called for finance companies incorporated in Singapore to cap their total dividends per share for the financial year 2020 at at 60% of 2019’s level.

Singapore’s Incomlend bags $20m Series A round to democratise trade finance

Shipping companies face many monetary uncertainties, but Incomlend hopes to alleviate some of those concerns on the back of its new $20m Series A round.

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