LendingClub Founding CEO and Current Upgrade CEO Renaud Laplanche Comments on 10 Year Anniversary of Iconic Fintech IPO

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LendingClub (NYSE:LC) became a public firm in an IPO held on December 11, 2014 – ten years ago today. At that time, the transition of the high-profile Fintech from a private firm to a publicly traded company was heralded as a coming-of-age moment for the… Read More

 

 




Tokenized Securities Exchange: Assetera Enables Blue Chip Stock Trading, Partners with Republic

Assetera, a digital securities marketplace, is now allowing trading in “Blue Chip” stocks, like NVDA and “T-Bill trackers,” providing 24/7 trading on a platform powered by blockchain technology. Assetera is licensed and supervised by the Austrian Financial Market Authority and holds a MiFID II license…. Read More

Swiss Digital Asset Firm Taurus Expands into Turkey

Digital asset platform Taurus SA is expanding into Turkey, according to a note distributed by the firm. Taurus shares that the new office is due to the new regulatory framework for digital assets. The expansion is also expected build upon a presence in Dubai and… Read More

Over $6 Billion in Equity in Private Firms Sold this Year: Nasdaq Private Markets Report

A recent report shares that Nasdaq Private Markets (NPM), a secondary trading platform for shares in private firms, has booked $6 billion in trades so far this year. In total, since its creation, NPM reports over $55 billion in transactional value and more than 250… Read More

HeavyFinance and Multitude Bank to Invest in Sustainable Agricultural Loans

HeavyFinance is pleased to announce a partnership with Multitude Bank, a core subsidiary of the Nordic region listed FinTech, Multitude Group. Via a debt-asset securitization deal, Multitude Bank will reportedly invest EUR 14 million in loans for small and medium-sized agricultural businesses to support their… Read More

Payments Fintech Dojo and American Express to Streamline Payment Processes for Small Businesses

Payments technology provider Dojo has signed a new partnership with American Express Ā (NYSE: AXP) marking the next chapter in their long-standing relationship while making it even easier for small businesses in the UK to accept American Express payments. The agreement will help Dojoā€™s small business… Read More

Consumer Spending in Ireland Surges with Debit and Credit Card Transactions Increasing in December – Report

The most common last-minute spenders during the festive period based on 2023 spending data were 36-45 males, according to an update from the Bank of Ireland. This may not come as a surprise due to the general increase in consumer spending seen during the end… Read More

Global Fintech Circle and Binance to Enable Stablecoin USDC and Crypto Adoption

Crypto industry firms Circle Internet Group Inc. and Binance have joined forces in a partnership announced at Abu Dhabi Finance Week that will expand adoption of USDC and support the development of the global digital assets and wider financial services ecosystem. With the growth and… Read More

Paxos Partners with Standard Chartered to Enhance Stablecoin Reserve Management

Paxos, the regulated blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management. Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, strengthening the infrastructure supporting the “trusted” digital assets… Read More

Lithuania based Finbee Expands Services to Poland

Finbee are reportedly expanding their service geography and launching their first set of services in Poland. Finbee revealed that they are now offering loans for small and medium-sized businesses (SMBs) for up to PLN 200,000 for “up to three years, without collateral.” Tomas Maciulaitis, CEO… Read More

Australia: Birchal Reports $2 Million Raised in 29 Hours

Birchal, an online investment platform based in Australia, says it has raised $2 million in just 29 hours. The self-crowdfunding round was backed by more than 800 investors. Birchal says its own round was the fastest this year and the largest as well. Birchal is… Read More




Global Fintech Airwallex Reports Steady Revenue Increase Across APAC Region

Airwallex reported strong YoY growth across the APAC region as the global payments and financial operating platform for businesses. In Q3, Airwallex delivered an 83 percent revenue increase YoY and grew transaction volume by “49 percent YoY across the APAC region, as well as significant… Read More

Saudi Arabiaā€™s Derayah Financial Invests in Alpacaā€™s Middle East Business, Supports its Stocks Offering

Alpaca noted that it is cementing its self-clearing foundation through its DTCC membership and product launches, including Options Trading and High Yield Cash Accounts. Alpaca, a brokerage infrastructure tech firm and self-clearing broker-dealer, delivering execution and custody solutions for Stocks, ETFs, and Options, that support… Read More

The CFPB Should Be Investigating Banks that Debanked Individuals and Firms

Today, theĀ Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee. Chairman Rohit Chopra outlined his accomplishments while at the agency in his opening statement, mentioning that they are working on addressing the challenges of debanking. Blocking people from the banking system has emerged… Read More

CashPro App from BofA to Surpass $1 Trillion in Payment Approvals for the Year

By the end of 2024, Bank of America (NYSE: BAC) corporate clients will have made over $1 Trillion in payment approvals on the bankā€™s CashPro App, the mobile app that firms use to manage treasury operations. This will represent a more than 25% year-over-year increase… Read More

Familiarity with Web3, Crypto and Blockchain Continues to Rise Globally – Report

Consensys shared the findings of its opinion survey on crypto and web3, conducted online by online research data and analytics technology group YouGov. As a follow-up to the report from 2023, Consensys expanded the scope of the survey, reaching over 18,000 individuals aged 18-65. With… Read More

Coinbase’s Project Diamond Integrates Chainlink Standard To Scale Institutional Adoption of Digital Assets

Chainlink, which claims to be the standard for onchain finance, and Coinbase (NASDAQ:COIN) announcedĀ  that Coinbase’s Project Diamondā€”a digital asset platform for institutionsā€”is adopting the Chainlink standard as infrastructure for powering the lifecycle management of tokenized assets. Peregrine, PSG Digital’s regulated business in the ADGM,… Read More

Socure’s First-Party Fraud Consortium Achieves Scale, Uniting Industry Participants to Combat $100B Problem

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

Nigerian Scam Pilfers $2.9 Million from Investors, SEC and DOJ Charge Three for Operating Bogus Websites

The Securities and Exchange Commission (SEC) has filed charges against three Nigerian nationals for scamming investors out of $2.9 million. According to the SEC, the trio impersonated legitimate investment advisors and conning around 28 investors. At the same time, the United States Attorneyā€™s Office for… Read More

Cambridge Centre for Alternative Finance Publishes Report on Wholesale Central Bank Digital Currencies (CBDCs)

The Cambridge Centre for Alternative Finance (CCAF) has published a report onĀ central bank digital currencies (CBDCs), more specifically, wholesale central bank Digital Currencies (wCBDCs), which may limit these digital assets to institutional use. While CBDCs continue to be debated and some jurisdictions are actively experimenting… Read More

Payments: Blink Targets Late Payments for Contractors

Blink Payment says it is targeting late payments for construction contractors by partnering with Business Pilot. The company points to data that indicates that 74% of construction contractors are affected by late payments. The Fintech said it is integrating with the fitting industry enterprise resource… Read More

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