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

 

 




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

ReFi from Paylink Solutions Now Part of Experian to Enhance Debt Support

Experian has announced that ReFi, a debt consolidation technology from Paylink Solutions, will become part of the Experian Consumer Services Marketplace, in a boost for consumers and lenders with debt consolidation and affordability challenges. Research from Experian, compiled for Fair 4 All Finance, reveals that… Read More

Clearwater Analytics to Acquire Enfusion, Will Expand Investment Management Platform

Clearwater Analytics (NYSE: CWAN) and Enfusion, Inc. (NYSE: ENFN) announced their entry into a definitive merger agreement for Clearwater to acquire Enfusion, a provider of software-as-a-service (SaaS) solutions for the investment management and hedge fund industry. According to the announcement, the purchase price is $11.25… Read More

Digital Wealth Advisory Platform Endowus Increases Total Funding to $110M+

Endowus, Asiaā€™s digital wealth advisory platform has increased its total funding to over $110 million. As noted in the announcement, an additional raise of $17.5 million follows from their $35 million raise last year to take the total for this round to $52.5M. New investors… Read More

Fraud Prevention Solution Provider Feedzai Teams Up with Colombia’s Credibanco

Feedzai, the global firm focused on AI-driven fraud prevention solutions, announced its partnership with Credibanco, Colombiaā€™s payment processing company. This partnership will enable Credibanco to leverage artificial intelligence and machine learning models to detect and prevent fraud “in real time, ensuringĀ  secure transactions across channelsā€”both… Read More

BlackRock Announces Launch of New Bitcoin ETF on Cboe Canada

Cboe Canada Inc. welcomes BlackRock Asset Management Canada Limited for the launch of their latest ETF, the iShares Bitcoin ETF. The iShares ETF now trades on Cboe Canada under “the symbol IBIT, with U.S. dollar denominated units trading under the symbol IBIT.U.” The iShares Bitcoin… Read More




European Growth Equity Investor Smartfin Closes New Fund at ā‚¬250M Target

Smartfin, a growth equity investor in European B2B technology companies, has reportedly closed its third growth fund at its ā‚¬250 million target. This fund marks a key milestone for the firm, with an introductory participation of the European Investment Fund (EIF) through its ESCALAR program… Read More

Republic and Hamilton Lane to Bring Blockchain-based Assets to Retail Investors

Republic, the largest securities crowdfunding platform in the world, has partnered with Hamilton Lane (Nasdaq: HLNE) to bring digital assets to retail investors. Hamilton Lane is a large private-markets investment firm with more than $947 billion in assets under management and supervision. The firm has… Read More

CFPB Sues Capital One for Cheating Customers: What’s In Your Wallet?

Capital One is probably best known for its pithy commercials featuring Jennifer Garner asking, “What’s in your wallet.”Ā  Unfortunately, the Consumer Financial Protection Bureau (CFPB) believes that Capital One has been cheating its customers, thus questioning if consumers should keep Capital One as a credit… Read More

Bank of England Updates on Digital Pound Progress

The Bank of England and HM Treasury are in the design phase for the creation of a digital pound or central bank digital currency. A consultation paper outlined the framework as a precursor to a possible digital currency. The update by the Bank is said… Read More

Report Tauts Payments with Cards-as-a-Service

Paymentology, audax, and Mastercard have joined to publish a report on Cards-as-a-Service (CaaS). The report is entitled; “Understanding Cards-as-a-Service (CaaS) and the Power of Strategic Partnerships.” The trio described CaaS as transformative, allowing Fintechs, banks, and more to become “distributors of payment services” and generating… Read More

Coinbase Wins on Denial of Rule-Making in Court: “Sporadically enforcing ill-fitting rules against crypto companies that are trying to follow the law goes way beyond fighting fraud”

Coinbase (NASDAQ:COIN) won a minor victory in court regarding its ongoing legal battle with the Securities and Exchange Commission (SEC). Coinbase Chief Legal Officer Paul Grewal shared via X that the Third Circuit Court has chastised the SEC for its denial of rulemaking – something… Read More

Zodia Custody Partners with Kiln on Staking for Institutions

Zodia Custody has announced a partnership with Kiln, a digital asset rewards management platform. Incubated by Standard Chartered, Zodia Custody focuses on institutions. The company is also associated with Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The partnership aims to offer institutional… Read More

Payments Tech Firm Transcard Expands Operations to Canada

Transcard, a global firm focused on payments technology, is pleased to announce its expansion into the Canadian market. Transcard has reportedly launched its first Canadian customer, Xodus Travel Services, leveraging the SMART Suite for payment orchestration and “adopting an enhanced digital payment experience.” Transcard’s embedded… Read More

AI Payment Infrastructure Provider Nevermind Reports New Funding Round

Nevermined, the provider of AI payment infrastructure for AI-to-AI transactions, announced it has raised over $4 million in funding to accelerate the adoption of AI-Commerce by enabling AI agents to pay and get paid. The investment round was led by Generative Ventures, with participation from… Read More

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