October 24, 2020 @ 5:43 pm By JD Alois  |  

Every two years, the Federal Deposit Insurance Corporation (FDIC) completes a report on the status of banking in the US. The recently released report, “How America Banks: Household Use of Banking and Financial Services,” says that a record low 5.4% of U.S. households were unbanked… Read More

October 24, 2020 @ 3:30 pm By Omar Faridi  |  

Indonesia is one of Southeast Asia’s largest markets for digital platforms and services. The country offers an attractive business environment and opportunities for investors who are interested in projects that aim to take advantage of fast-growing economies. BRI Ventures, the investment division of Indonesia’s oldest… Read More

October 24, 2020 @ 3:23 pm By Omar Faridi  |  

Chinese Fintech firm Lufax is reportedly planning to secure $2.36 billion through its US initial public offering (IPO). Lufax was once a top peer to peer lending platform but has since shifted into other areas of Fintech as well as online lending. Lufax’s management noted… Read More

October 24, 2020 @ 11:31 am By JD Alois  |  

Earlier this month, the two leading investment crowdfunding platforms in the UK, Crowdcube and Seedrs, announced a proposed merger that would create the dominant online capital formation platform in the UK. Between the two firms, a merger would create not only the top platform in… Read More

October 24, 2020 @ 11:10 am By Omar Faridi  |  

The system-wide Ethereum 2.0 upgrade is now just a few weeks away. As the date of the planned update gets closer, the ETH price keeps rising. Ethereum (ETH), the world’s second-largest cryptocurrency by market cap and adoption, has surged 15% this past week (trading at… Read More

October 24, 2020 @ 10:55 am By Omar Faridi  |  

TrueLayer, a computer software firm that enables companies to capitalize on new Open Banking initiatives in the UK, will be expanding its operations into Australian markets. TrueLayer has hired Brenton Charnley to lead its expansion into Australia’s Fintech sector. Charnley is the founder of Alpha39… Read More

October 23, 2020 @ 11:01 pm By Samantha Hurst  |  

@Pizza, a UK-based pizza brand, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.2 million raised from more than 1300 Crowdcube investors. The funding round was launched last month and quickly secured its initial £820,000 funding target. As previously reported, @Pizza… Read More

October 23, 2020 @ 10:53 pm By Samantha Hurst  |  

  Hoddle, a UK-based mobile banking app, announced recently announced it has made it’s beta launch debut. Founded in 2018, Hoddle describes itself as a banking app that helps users save money and “bank better.” The app connects existing accounts using open banking to gain… Read More

October 23, 2020 @ 8:35 pm By Omar Faridi  |  

Melbourne-based Archa, a company providing a corporate credit card that’s “built around your business, keeping you in control,” has revealed that it was granted principal issuing membership of Mastercard. The Archa team notes: “This is a significant, mission-critical milestone for us as we continue to… Read More

October 23, 2020 @ 7:33 pm By Omar Faridi  |  

Vietnam Maritime Commercial Joint Stock Bank (MSB) aims to offer a truly digital onboarding experience to all its clients. MSB plans to offer seamless online banking services so that customers don’t have to visit a physical branch location to manage their finances. MSB is also… Read More

October 23, 2020 @ 6:39 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that Nasdaq began transforming financial markets with the launch of the very first electronic stock market back in 1971. Friedman notes: “From day one,… Read More

October 23, 2020 @ 6:27 pm By Omar Faridi  |  

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of India’s fastest-growing Fintech businesses, has confirmed that the company has teamed up with Apple (NASDAQ:AAPL)  to “drive affordability” in India. Chapman noted: “Until now Apple products were relatively unaffordable for the mass… Read More

October 23, 2020 @ 6:25 pm By Omar Faridi  |  

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

October 23, 2020 @ 5:59 pm By JD Alois  |  

Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) have published a joint letter pertaining to the treatment of bad actors and disqualification affiliated with Regulation D (Reg D) and Regulation A (Reg A+). Reg D 506c and Reg A+ are exemptions that… Read More

October 23, 2020 @ 4:19 pm By Omar Faridi  |  

Waves (WAVES), a blockchain-based platform for developing enterprise-grade applications, will be issuing an ERC-20 compliant token as part of its collaboration with the Ethereum (ETH) network. The Waves development team noted: “As Waves continues to foster interoperability between various protocols, the WAVES token has been… Read More

October 23, 2020 @ 3:04 pm By Samantha Hurst  |  

Vault12, a U.S.based personal digital asset security platform, announced on Thursday the launch of its Digital Inheritance offering. Vault12 claims that Digital Inheritance is the first solution suitable for all kinds of assets to offer a direct and secure way to ensure digital assets can… Read More

October 23, 2020 @ 2:50 pm By Samantha Hurst  |  

Openfinance Securities, LLC, the Broker-Dealer and ATS behind the Openfinance digital securities trading platform, announced on Friday it has received approval for digital securities trading enhancements to its membership agreement with FINRA, relying upon the SEC’s recent Staff no-action letter clearing Openfinance’s digital ATS business… Read More

October 23, 2020 @ 2:04 pm By Samantha Hurst  |  

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

October 23, 2020 @ 12:38 pm By JD Alois  |  

Last April in a significant strategic move, Republic acquired Fig – a crowdfunding platform for video games that issued securities under Reg A+. Republic is a leading investment crowdfunding platform in the US that continues to add new verticals and products as it builds out… Read More

October 23, 2020 @ 12:04 pm By JD Alois  |  

NextSeed, formerly a Reg CF funding portal operating as a bank alternative that has since morphed into a full-stack online capital formation and private equity platform, has added a new asset class to its list of available investments with its first film offering. Described as… Read More