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Longfin Corp. Joins Russell 2000® Index and Russell 3000® Index

New York, March 22, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (LFIN), a global FinTech company, has announced that it has been added to the Russell 2000® Index and the Russell 3000® Index, effective March 16, 2018, as part of Russell’s quarterly additions of companies with recent initial public offerings.
Russell indices are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies in the U.S. marketplace. The Russell 3000® Index measures the performance of the largest 3,000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The Russell 2000® Index measures performance of the small-cap segment of the U.S. equity market and is a subset of the Russell 3000® Index.
Venkat S Meenavalli, Chairman and CEO of Longfin, says "We are pleased that Longfin is included in the Russell 2000® Index. We believe that this inclusion ref…

Longfin Corp. Options Begin Trading on Nasdaq

New York, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. ("Longfin" or the "Company") (NASDAQ:LFIN), a  global FinTech company, has announced that its options have begun trading for February 16, 2018, March 16, 2018, June 15, 2018, and September 21, 2018 contract expiration, as reported on the Nasdaq Option Chain.

For more information, please visit http://www.nasdaq.com/symbol/lfin/option-chain?dateindex=-1
About Longfin Corp.

Longfin Corp (Nasdaq:LFIN) is a US-based, global Fintech company powered by artificial intelligence (AI) and machine learning. The Company, through its wholly-owned subsidiary, Longfin Tradex Pte. Ltd, delivers FX and alternative finance solutions to importers/exporters and SME's. Ziddu.com owned by the company is the only marketplace for smart contracts powered by Consensus Settlement Algorithm on Ethereum blockchain. Ziddu Ethereum ERC20 blockchain Token uses a technology stack in which Smart Contracts run in dist…

Multibillion Dollar Fund to Invest $52.7 million into Longfin Corp.

New York, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (LFIN) a leading global FinTech company, has announced that the Company has entered into a securities purchase agreement with a multibillion dollar fund. The institutional investor is investing $52,700,000 through convertible note instruments (the “Notes”).  A press release regarding the transaction was previously issued prior to finalization of the documentation earlier today, and the Company is confirming the transaction is proceeding on the terms indicated below.   Joseph Gunnar & Co., LLC is acting as placement agent.

Key Transaction Details The Notes consist of (i) Series A Senior Convertible Notes in the aggregate principal amount of $10,095,941.18 and (ii) Series B Senior Secured Convertible Notes in the aggregate principal amount of $42,604,058.82. The nature of the investment will involve (i) an upfront cash payment in the amount of $5,000,000, and (ii) secured promissory notes payable …

Longfin Corp. Launches Commercial Ziddu Smart Contracts on Ethereum Blockchain

New York, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (LFIN), a leading global FinTech company, has announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain. Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts. The Ziddu Ethereum ERC20 Blockchain Token implements a technology stack in which Smart Contracts run in distributed virtual machines, running on a Consensus Settlement Algorithm (CSA). There is public availability for the view of the open ledger, decentralized verification, transparent execution, and the result of contract execution. Ziddu Smart Contracts are currently available for Trade Finance and FX markets, and Longfin is preparing to launch Smart Contracts for bullion financing within the second quarter of 2018. There are subsequent plans to make the Contracts available for peer-to-peer lending, wareho…

A Small Fintech Stock Surged 2,600% in a Week After Announcing It's a Crypto Company

Fintech plus cryptocurrency equals about $7 billion.
That's how much the value of LongFin Corp. surged to after the microcap's stock rocketed by as much as 2,600 percent since debuting Wednesday. Most of the gains came since Friday, when the company issued a press release saying it bough Ziddu.com, "a blockchain-empowered global micro-lending solutions provider" that transacts only in cryptocurrencies.

LongFin joins a growing list of little-known companies that have seen their values soar after simply announcing plans to join the digital currency craze that's pushed the value of bitcoin past $300 billion. The microcap rallies are reminiscent of the height of the dot.com bubble, when virtually any company that put tech in its name found favor on the public markets.

For LongFin's Chief Executive Officer Venkat Meenvalli, the rally may be even sweeter. LongFin bought Ziddu.com from its affiliate Meridian Enterprises Pte. for 2.5 million restricted Cl…

Longfin Corp (LFIN) Stock Skyrockets on Blockchain Deal

Longfin Corp (NASDAQ:LFIN) announced a major acquisition that sent the company's stock price gangbusters.

The company announced that it would be buying Ziddu.com, which is a blockchain-empowered solutions provider that offers a variety of sources, including Microfinance Lending against Collateralized Warehouse Receipts in the shape of Ziddu coins.

Ziddu Coin will be a solid addition for Longfin as it is a blockhain-based proprietary smart contract which allows SME's, processors, manufacturers, importers and exporters to use cryptocurrencies across currencies.

The currency works thanks to importers and exporters converting Ziddu coins into another cryptocurrency such as Ethereum or Bitcoin. The proceeds are then used for the company's working capital needs.

Once the contract ends, importers and exporters will attain their proceeds and pay back their funds to the company using cryptocurrencies only. The company added that depending on the risk, the interest rate …

Longfin Corp. Acquires Ziddu.com, A Blockchain-empowered Global Micro-lending Solutions Provider

NEW YORK, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Longfin Corp. (NASDAQ:LFIN), a leading global FinTech company, announces the acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins.

Ziddu Coin is a smart contract that enables SME's, processors, manufacturers, importers and exporters using cryptocurrencies across continents. Ziddu Coins are loosely pegged to Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into Ethereum or Bitcoin and use the proceeds for their working capital needs. At the end of the contract, importers/exporters will realize their proceeds and pay back their funds through cryptocurrencies only. Depending upon the risk profile of the counterparty, the interest will vary from 12% to 48%.

"The advent of Blockchain technology has caught the imagination of the global financial services industry; blockchain is emerging…