China: WeiyangX Fintech Review

Top Story

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

French P2P Lending Pioneer Unilend Shuts Down

French peer to peer lender Unilend has gone into receivership. The P2P lender announced the news to all of its customers in a recent email. Founded in 2013 by Nicolas Lesur and François Prioux, Unilend pioneered P2P lending in France. It started operating, before crowdfunding… Read More

Bank of England Announces New Student Fintech Competition

Bank of England (BoE) announced earlier this week the launch of its new student fintech competition. The bank revealed that as a central bank of the UK it is now working to promote “the good of the people of the UK” by maintaining monetary and financial… Read More

Cryptocurrency Exchange Covesting Receives DLT License in Gibraltar

Covesting, a cryptocurrency exchange and trading platform, announced on Friday it received its Distributed Ledger Technology License (DLT) from regulatory authorities in Gibraltar.   Covesting reported that the DLT License puts its exchange in a unique and strategically advantageous position within the cryptocurrency markets, as it will make the… Read More

Silver-Miller Consolidates Multiple Class Action Suits Against Alleged Crypto Ponzi Bitconnect

Florida law firm Silver Miller has combined six class action cases against BitConnect into one case, and the case will be pursued in the U.S. District Court for the Southern District of Florida, Coindesk reports. Silver-Miller has asked for a jury trial. The case not… Read More

India Crypto Exchange Zebpay Launches in Malta

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

India’s cryptocurrency exchange Zebpay announced on Friday it officially commenced operations from Malta. The crypto exchange reported it received a welcome from Malta’s Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister Silvio Schembri who expressed his satisfaction over… Read More

American Express Expands Strategic Partnership With PayPal

American Express (NYSE: AXP) announced on Thursday it has expanded its strategic partnership with PayPal (NASDAQ: PYPL). According to the duo, this partnership that will improve the digital payments experience for U.S. American Express Card Members paying with PayPal and Venmo. Through the partnership, the companies… Read More

Rwanda Says it Will Use Blockchain to Track “Conflict Metal” Tantalum

Rwandan government minister and CEO of the Rwandan Mining, Petroleum and Gas Board, Francis Gatare, says he has struck a deal with enterprise-blockchain developer Circulor to start tracking the country’s tantalum supply using Circulor’s version of Hyperledger Fabric. According to Gatare: “Rwanda Mines, Petroleum and Gas… Read More

European Regulation Is on the Way, Crypto Exchanges Had Best Be Prepared

The European Union does not need to seek out any problems for the moment, with the highly publicized ‘divorce’ from the UK taking place in the full media spotlight, but it’s easy to forget that, as things stand, the EU is also taking its approach… Read More

FundGuard Secures $4 Million in Seed Funding & Launches Investment Management SaaS Platform

FundGuard, a U.S.-based cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, announced on Friday it secured $4 million through its seed funding round, which was led by venture firms Blumberg Capital and LionBird. The company also launched its… Read More

UK MP Stephen Hammond to Advise Cryptocurrency Exchange IronX

Stephen Hammond, a Member of Parliament and current Member of the UK Treasury Select Committee, has agreed to advise IronX on government relations.  IronX is a cryptocurrency exchange that “aims to bring crypto trading to the mass retail market. IronX has also reported the successful… Read More


LendingClub and Intuit Form Partnership to Speed Up Borrowing Process

Leading marketplace lending platform LendingClub (NYSE:LC) has partnered with Intuit (NASDAQ:INTU) and their Turbo product to speed up the borrowing process. According to the two companies, TurboTax data can now automatically flow directly into the LendingClub loan application and thus the borrowers may bring their… Read More

Accenture Announces Acquisition of TargetST8 Consulting to Enhancing Consulting & Advisory Capabilities

Accenture (NYSE: ACN) announced earlier this week it has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. According to Accenture, TargetST8 focuses exclusively on the financial markets. By serving leading banks and investment firms in… Read More

Evoke Capital Integrates With KoreConX’s KorePartners Ecosystem

KoreConX  announced earlier this week that Evoke Capital will now be integrated into its KorePartners ecosystem. The KorePartner ecosystem is a group of selected companies that support the KoreConX security token protocol and adhere to KoreConX’s strict governance standards. Evoke Capital is described as an online… Read More

NASAA Publishes Annual Enforcement Report, Adds Operation Cryptosweep as Focus

The North American Securities Administrators Association (NASAA), the group that represents state, provincial and territorial securities regulators, has published their annual enforcement report for 2017. Each year, NASAA correlates a summary of all the legal actions, including penalties and criminal prosecution from the US, Canada and… Read More

French Crowdfunding Association Alludes to Troubled Online Lending Platform

The Financement Participatif France (FPF), the French Crowdfunding Association, has published an interesting blog post this week. According to the FPF, there are rumors which have been published about a distressed online lending platform. The FPF does not mention any platform names. Today, there are over 60… Read More

Pakistani Non-Bank Microfinance Tez Financial Services Secures $1.1 Million Through Seed Round Led By Omidyar Network

Tez Financial Services, a Pakistan-based fully digital Non-Bank Microfinance Company (NBMFC),  announced on Friday it secured $1.1 million in a seed round led by Omidyar Network, the impact investment firm established by eBay founder, Pierre Omidyar, with participation from Accion Venture Lab, the seed-stage investment initiative of global nonprofit Accion, and Planet N…. Read More

US Marshals: 660 Bitcoins for Sale November 5th

US Marshals have announced that they will sell 660 bitcoins in two online sealed-bid auctions November 5th between 8 AM to 2 PM EST. A deposit of $200 000 USD per series is required by October 31st, 2018 to participate. The bitcoins on auction were… Read More

Former Tesla Exec Denise Leleux Joins Fintech Startup AvidXchange as Senior Vice President

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Thursday it has appointed former Tesla executive, Denise Leleux, as its new Senior Vice President for Supplier Services. AvidXchange reported that while at Tesla, Leleux led Global Customer Experience for the… Read More

Send this to a friend