FTB News Desk - FinTecBuzz

Velotrade becomes first Account Receivables Financing Platform to obtain SFC Licence in Hong Kong

FTB News DeskDecember 13, 201811 min

Velotrade, the first Account Receivables Financing Platform in Hong Kong to obtain a Type 1 Regulated Activity licence by the Securities and Futures Commission, is now ready to provide leading institutions with access to new investment opportunities in this steadily developing alternative asset class. Since commencing operations in 2017, Velotrade has handled cross-border financing deals in Hong Kong, China, Singapore, Taiwan and Vietnam with automotive; electronics manufacturing; brand name supermarket chains; and leading garment industry players. Now the company is set to deliver...

Crypto Currencies

Coinsquare announces one of the most scalable fintech referral programs in the world

FTB News DeskDecember 13, 20185 min

The program will be one of few in the world to allow participants to Earn Bitcoin for Life™

Business Tools Financial Software

YayPay Raises $8.4M in Funding on Its Quest to Turn Finance Teams into Revenue Heroes

FTB News DeskDecember 13, 20186 min

Financial technology startup YayPay today announced the raising of $8.4 million dollars in funding to further its drive to bring automation to the back-office finance operations of mid-sized enterprises. YayPay will capitalize on its momentum in the multibillion-dollar credit-to-cash software and commercial payments market, and use the funding to pursue product development in data science, advanced-level product features, and sales team expansion. The funding is led by Information Venture Partners with follow on investment from existing shareholders including Birchmere, QED, Fifth...

Investment Platforms Investments

CreditEase Invests in Cross River, a Leading FinTech Innovator

FTB News DeskDecember 13, 20187 min

CreditEase, a Beijing-based leading FinTech conglomerate in China, announced today that its direct investment arm, CreditEase FinTech Investment Fund (CEFIF), participated in the recent $100 million funding round of Cross River Bank (“Cross River”), a fast-growing provider of banking services for financial technology companies together with KKR, Lion Tree Partners, Battery Ventures, Andreessen Horowitz, Ribbit Capital, and others. This additional funding will enable Cross River to invest in its continued growth by expanding its technology...

Business Tools Financial Software

IceKredit Nominated as one of the “CB Insights Global Fintech 250” for Two Consecutive Years

FTB News DeskDecember 13, 20185 min

CB Insights, an internationally renowned research organization, just announced the list of Global Fintech 250: the top fintech starups of 2018. IceKredit was nominated again this year, as a pioneer specializing risk-control management based on Artificial Intelligence related technologies. “The companies selected for the Fintech 250 list are the most promising Fintech companies in the world,” said CB Insights officials. The Fintech 250 list published by CB Insights is one of the most influential fintech...

Blockchain

PumaPay (PMA) Officially Listed on CoinAll Exchange

FTB News DeskDecember 13, 20185 min

CoinAll (www.coinall.com) officially announced the listing of PumaPay (PMA) token on Dec 7th. PMA trading started at 12:00 Dec 10th (HKT, UTC+8). PumaPay aims to create a new generation comprehensive payment system for the digital age. It is built around an open source blockchain-based protocol that decentralizes a whole layer of transaction processing services. The comprehensive and flexible PullPayment Protocol allows adopters to process transactions using nearly all the familiar billing methodologies and combines the flexibility and ease...

Wallets

Zeux to List Hedera’s Native HBAR Token in Its Digital Payment Wallet

FTB News DeskDecember 12, 20187 min

Today, Zeux, a disruptive company which seeks to integrate several key financial services including payments, banking and investment into one app, announced that it will list Hedera’s HBAR tokens, once openly available, in its digital payment wallet, to allow users to spend HBAR for all POS payments. Zeux is a world-first. Pioneering an integration of all financial services for its users, you can see and manage everything in one single app. Aggregated mobile payments, transfers and banking means...

Blockchain

HealthVerity Joins Exclusive Group of Leaders as New Member of Hyperledger

FTB News DeskDecember 12, 20186 min

Announced today at the Global Forum in Basel, Switzerland, HealthVerity has joined Hyperledger, an open source effort created to advance cross-industry blockchain technologies. Hosted by The Linux Foundation, Hyperledger is a global collaboration comprised of leaders in finance, banking, IoT, supply chain, manufacturing and technology. HealthVerity has now aligned itself with an exclusive group of healthcare companies including Aetna, Change Healthcare and Eli Lilly & Company as well as other leading organizations such as Accenture, American Express...

Blockchain

Inaugural Hyperledger Global Forum Showcases Strong Community Momentum

FTB News DeskDecember 12, 201821 min

Deployments, demos, project releases and member news underscore the fast growth and evolution of Hyperledger ecosystem

Business Tools Financial Software

TribalScale Announces Lori Casselman as President and Chief Operating Officer

FTB News DeskDecember 12, 20186 min

Today, global innovation firm, TribalScale, announces that Lori Casselman will join the company as President and Chief Operating Officer. Sheetal Jaitly will remain as TribalScale’s Chief Executive Officer and will continue to focus on the company’s vision and innovative offerings. As President & COO, Lori Casselmanwill be responsibToday, global innovation firm, TribalScale, announces that Lori Casselman will join the company as President and Chief Operating Officer. Sheetal Jaitly will remain le for leading TribalScale’s revenue growth and international expansion, driving the strategy and operational effectiveness to...

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