January 12, 2023 @ 4:46 pm By JD Alois  |  

Congressman Patrick McHenry, the new  Chair of the House Financial Services Committee, has named the Chairs of the Subcommittees. Yesterday, McHenry revealed the Republican members of the Committee as he moves to take over the influential Committee as the Republican-controlled 118th Congress commences. A new… Read More

January 12, 2023 @ 3:33 pm By Omar Faridi  |  

Kiavi, a provider of financing to real estate investors (REIs), announced it closed an approximately $158 million, 12-month-term revolving securitization of unrated residential transition loans (RTL). This is the eleventh broadly syndicated securitization transaction by Kiavi “under its LHOME shelf since it began its securitization… Read More

January 12, 2023 @ 12:08 pm By JD Alois  |  

Bison Bank, a bank licensed by the Banco de Portugal, has announced a new subsidiary – Bison Digital Assets. The bank states that this is the first virtual asset service provider (VASP) in Portugal operated by a regulated bank. Bison Digital Assets aims to provide… Read More

January 12, 2023 @ 11:54 am By JD Alois  |  

Bitso has become the first digital asset exchange to offer Circle’s Euro-based stablecoin, according to a note from the firm. This means customers may now choose to transact in either US dollars or Euros by leveraging Circle’s digital currency. Bitso offers services in various Latin… Read More

January 12, 2023 @ 11:42 am By Omar Faridi  |  

Republic Capital Group, an investment banking firm specializing in the RIA, asset and wealth management, and securities-related industries, acknowledges its client, Parallel Advisors, on its acquisition of AUTUS Asset Management and substantial investment from Golden Gate Capital, a private equity investment firm. In connection with… Read More

January 12, 2023 @ 10:51 am By JD Alois  |  

iCapital has announced that it will hire 100 employees for the company’s offices in New York, Greenwich, and Lisbon. Capital touted that it is bucking the layoff trend. Capital said the increasing number of employees is due to growing demand from high-net-worth investors seeking alternative… Read More

January 12, 2023 @ 10:27 am By JD Alois  |  

Darren Westlake, CEO and co-founder of Crowdcube, has announced his exit as CEO of the firm he founded in 2012. Westlake created the online investment platform alongside co-founder Luke Lang who exited the firm in 2021. Since its founding, Crowdcube has helped over 1800 offerings… Read More

January 12, 2023 @ 10:13 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), has announced the availability of its new retirement product. The new service was revealed last year, and the digital brokerage launched a waitlist with names now said to be over 1 million customers. Perhaps the most interesting aspect of the retirement product is the… Read More

January 12, 2023 @ 9:57 am By Omar Faridi  |  

The team at Bondora notes that 2022 ended strong “with impressive numbers across [their] portfolios.” December reportedly had “the highest loan originations and investment figures, over €1M in recoveries, and more.” In December, 1,500 new investors joined Bondora. Investors have “earned more than €88M in… Read More

January 12, 2023 @ 9:49 am By Omar Faridi  |  

The year 2022 was by far the most “eventful” year for the crypto market, according to Jack Tan, the Co-founder of WOO Network. According to Jack Tan of the WOO Network, the industry that has been struggling for years to get mass adoption “took back-to-back… Read More

January 12, 2023 @ 9:44 am By Omar Faridi  |  

Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially-smart, independent kids, announced the launch of Greenlight Level Up™, an interactive, curriculum-based financial literacy game. Level Up goes beyond the National Standards for K-12 Personal Financial Education developed by the… Read More

January 12, 2023 @ 8:54 am By Omar Faridi  |  

The team at Debitum notes that the last month of 2022 “has brought positive and growing results for Debitum platform.” In December 2022, Debitum Asset-Backed Security offer “increased to 12 – TRIPLE DRAGON had 25 underlying assets in 5 ABSs, FLEXIDEA had 2 ABSs with… Read More

January 12, 2023 @ 8:50 am By Omar Faridi  |  

Coincover – the digital asset protection technology company – announces the appointment of Katharine Wooller as Business Unit Director, bolstering the firm’s profile with her extensive expertise. The news concludes a year of steady growth for the company, “just months after Coincover launched its new… Read More

January 12, 2023 @ 8:47 am By JD Alois  |  

Sam Bankman-Fried, founder and former CEO of FTX – once one of the largest crypto exchanges in the world and now in the midst of bankruptcy, has taken to Substack to pleed his case. Bankman-Fried, now effectively under house arrest, claims that if he had… Read More

January 12, 2023 @ 8:24 am By Omar Faridi  |  

Small business loan approval percentages at big banks “slipped again, falling from 14.6% in November to 14.5% in December, which tied with January for the lowest monthly approval rate for big banks in 2022,” according to the latest Biz2Credit Small Business Lending Index™ released on… Read More

January 12, 2023 @ 1:15 am By Omar Faridi  |  

CLOWD9, which claims to be the world’s first cloud native and decentralized payments processing platform has partnered with Netcetera, a global software company for secure and convenient digital payment solutions, as its payment security provider. CLOWD9 will “use its 3-D secure issuer service for transaction… Read More

January 11, 2023 @ 11:47 pm By Omar Faridi  |  

In Q3 2022, Insurtech companies globally “raised $1.6 billion in VC across 134 deals, representing a 51.1% decrease in QoQ deal value,” according to an update from Pitchbook. This was “the lowest amount of invested capital since Q2 2020 and the lowest deal count since… Read More

January 11, 2023 @ 11:30 pm By JD Alois  |  

In the days when FTX could do no wrong, viewed as the second coming of crypto exchanges, FTX cut a deal to have its brand plastered on the Miami Heat Arena. Stepping in to take over from the august American Airlines in the Spring of… Read More

January 11, 2023 @ 11:27 pm By Omar Faridi  |  

New Kriya (previously MarketFinance) research shows high levels of awareness of Embedded Finance among UK B2B SMEs. But with implementation intent being 3 years on average, “this means thousands of UK firms are leaving money on the table,” the report from Kriya reveals. UK SME… Read More

January 11, 2023 @ 11:08 pm By Omar Faridi  |  

Custom-build homes platform Brick&Bolt announced that it has raised $10 million, co-led by global venture capital firms Accel and Celesta Capital. The company plans to use the funding “to enhance its tech stack, strengthen its leadership team and expand to 12+ cities in the next… Read More