The move comes as the crypto market falls increasingly under the the gaze of regulators amid concerns that if rules are not put in place its dramatic growth could pose risk to the broader financial system.
Estonia-based marketplace lender, Bondora, has announced plans for a new business model and system design that will change the way the company services its borrowers and investors; the changes will involve a new system design for borrowers and investors; according to Bondora, splitting the business into two separate parts will allow for greater pricing efficiency and better reporting and analytics. Source
Bondora has reported that it will not be opening an office in London due to post-Brexit effects; instead it will open a new office in Germany; Bondora CEO, Partel Tomberg, says he is uncertain about European market access in London; Bondora CFO says German regulators including Bafin are increasingly opening up to supporting innovation in the financial sector. Source
The Estonian-based P2P lender turned a profit late 2016; hopes to turn an annual profit in 2017; revenues were 4.2 million euros (USD $4.5 million) in 2016; according to CEO Partel Tomberg: "Looking at the bigger picture, we were a bit looking for our place. We have tried a number of products, businesses and client segments over the years. By mid-2016 we understood that our focus has to be on what we started from – a faster and cheaper consumer loan product. And we understood that on the investment side it has to be an online product for the people, not so much for the banks or funds." Source
Borderless Capital will be debuting a new $500 million fund to develop projects built on the Algorand blockchain. The fund is called ALGO Fund II.
Luxury assets lender Borro has raised 5.6 million British pounds ($6.93 million) in new equity capital; firm received Financial Conduct Authority authorization in 2016 and reported business growth of 30%; the funding will help support the firm's balance sheet lending; since 2011, firm has lent 230 million British pounds ($286 million). Source
Bottlepay has been granted registration as a Cryptoasset Business from the United Kingdom’s FCA. Bottlepay is the first Lightning Network payments company.
Bpifrance adopts October Connect technology , to speed up its decision making process while reducing risk.
Open Co, a São Paulo-based start-up, says the cash will be used to support its expansion plans and investments in technology and product development.
The expected?change regarding?the use of Visa credit?cards?on Amazon?will no longer take place on January 19. Read the full article at:...