David Duccini, CEO and Founder of Silicon Prairie, Explains Why He Canceled Funding Portal Status, Expectations for Crowdfunding Industry

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Recently, CI reported that Silicon Prairie had exited its status as a Funding Portal. A Funding Portal is a relatively new FINRA-regulated intermediary created under the JOBS Act of 2012. Initially viewed as a path for firms to issue securities under Reg CF, most Funding… Read More

 

 




AI Firm Juno Technologies Raises Funding Round, Aims to Improve Loan Processing

Juno Technologies says it has raised $1 million to pursue its artificial intelligence service that aims to improve loan processing for small firms. Fuel Ventures led the funding round with contributions from Zinc and other Angel investors. Juno AI is described as a generative AI… Read More

UK Inflation Declines, Growth Concerns Remain

UK inflation (Consumer Prices Index including owner occupiers’ housing costs – CPIH) declined slightly in an unexpected development. Inflation was measured at an annual rate of 2.5% in December, down from November at 2.6%. On a monthly basis, the consumer price index rose by 0.3%… Read More

Ramirez Asset Management Reportedly Acquires Private Credit Strategy Team from Avenue Capital Group

Ramirez Asset Management, Inc., a fixed income and equity investment manager serving institutional investors and high net worth investors, has reportedly acquired the private credit opportunities strategy team and their assets from hedge fund manager Avenue Capital Group. The acquisition, which closed on Oct 1,… Read More

Australian Consumers Remain Cautious, Household Spending Declines in December – Report

The CommBank Household Spending Insights (HSI) Index fell by 1.8 per cent in December 2024 after a “strong” Black Friday sales spending boost in November of last year. As noted in the latest report from Australia‘s CommBank, the fall was driven by an “8.3 percent… Read More

House Financial Services Committee Reveals New Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity

Representative French Hill, the new House Financial Services Committee Chairman, has announced a new entity: the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. Representative Frank Lucas (OK-03) will lead the new Task Force. Hill said the reason for the Task Force was… Read More

Global Fintech Funding Tanked 20% in 2024, UK Not Spared as Funding Declines 37%

It’s been a tough few years with challenging inflation, high interest rates, and tepid capital markets. While there are many indications the world has turned the corner, for Fintechs and access to capital, 2024 was a dismal year. Innovate Finance, a UK association that advocates… Read More

NatWest UK Regional Growth Tracker: The North East and London Were Leading in Terms of Business Activity

The North East and London were once again the two “standout performers” in terms of regional business activity growth in December, according to the latest NatWest UK Regional Growth Tracker. Higher business activity was recorded in “three of the 12 nations and regions in December.”… Read More

Bitcoin Trading Activity Surges, Traders Now Positioning for Increased Volatility with Inauguration Days Away – Report

Dr. Sean Dawson, Head of Research at the “decentralized” on-chain options AI-powered platform, Derive.xyz (TVL $128M, $12.3B trade volume), has shared key insights focused on Bitcoin (BTC) and Ethereum (ETH) markets. Dr. Sean Dawson, Head of Research at Derive.xyz noted that in the last 24… Read More

Elon Musk Seeks Devs to Help Build the Everything App: Will Obviously Include Fintech

When he is not running X, Tesla, or SpaceX, advising the President, or playing video games, Elon Musk is on X sharing information and his opinion on many global topics. Today, like every day, Musk is Xing, but this time, he is seeking developers to… Read More

Here is the EU Crowdfunding Report from ESMA

The European Securities and Markets Authority (ESMA) has published a report addressing crowdfunding in the EU. Not too long ago, the EU approved new rules addressing online capital formation.Ā European Crowdfunding Service Provider regulation (ECSPR) allows a platform approved by the relevant authority in its home… Read More




Goldman Sachs Earnings Rise Driven by Investment Banking, More. Shares Rise in Early Trading

Goldman Sachs (NYSE: GS) reported net revenues of $53.51 billion and net earnings of $14.28 billion for the year ended December 31, 2024 pleasing Wall Street analysts.Ā  Earnings per share were reported at $40.54 for 2024 and was $11.95 for the fourth quarter of 2024… Read More

Fintech iwoca’s 2025 SME Outlook: Tax Concerns and Political Uncertainty Persist Despite Growth Plans

The UKā€™s small and medium-sized businesses are bracing for cost increases this year, according to new research from iwoca ā€“ one of Europeā€™s SME lenders. iwocaā€™s SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of… Read More

Analysis of Bank of Ireland Customer Behavior Reveals Digital Banking Usage Reached Record Levels in December

Analysis of Bank of Ireland customer behavior between 14 and 24 December has shown “record” Christmas digital banking usage. On Thursday, 19 Dec 2024, close to 1.6 million digital banking logins were recorded across Bank of Irelandā€™s iOS and Android mobile apps, “as well as… Read More

European Banking Platform CaixaBank Exceeded 250K Instant Bill Collection Transactions via SEPA Request to Pay System

CaixaBank has exceeded 250,000 instant bill collection transactions for companies via the SEPA Request To Pay system. The bank, which in June 2023 became the first in Europe to be approved to operate with this system, has now “activated the first commercial service created under… Read More

Open Banking Limited Marks 7th Anniversary, Says 2025 Pivotal for Open Banking

This week, the United Kingdom governmental organization Open Banking Limited celebrated the seventh anniversary of PSD2 and the creation of open banking. Open Banking Limited is the implementation entity described in a Competitions and Market Authority Order. It created an open banking standard and industry… Read More

Sprk Capital Secures Ā£20M British Business Investments Contribution

This week, British Business Investments announced an initial Ā£ 20 million funding facility to Sprk Capital. The facility will provide capital to smaller businesses in the UK engaged in innovation. British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve… Read More

Fintech Reap Obtains In-Principle Approval for Major Payment Institution License from MAS

Reap, a payment technology provider, is pleased to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore. Obtaining the IPA marks… Read More

Canada’s Float Financial Reports CAD 70M Series B Financing Round

Float Financial, a business finance platform for Canadian businesses, announced it has signed a CAD $70 million Series B financing round, which brings its total funds raised in the last 12 months to $120 million. The latest investment round is led by Growth Equity at… Read More

SEC Sues Elon Musk, Alleges Failure to File Beneficial Ownership Report Regarding Twitter Acquisition

TheĀ Securities and Exchange CommissionĀ (SEC) has filed a lawsuit againstĀ Elon Musk, a move that some will undoubtedly label as politically motivated. Musk, according to the SEC, failed to file a beneficial ownership report in a timely manner when he acquired 5%+ of Twitter – now X…. Read More

Major Banks Line Up for GCash’s Upcoming IPO in the Philippines

GCash, the leading fintech platform in the Philippines, has engaged major international banks for its upcoming initial public offering (IPO), potentially set for later this year, according to a Bloomberg report. The selected financial institutions include JPMorgan Chase & Co, Morgan Stanley, and UBS Group… Read More

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