Australia: Investment Crowdfunding Raises $72 Million in 2022

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Investment crowdfunding, or crowd-sourced funding (CSF) as it is called down under, generated $72 million in online capital formation, according to an industry report. The information is compiled by Birchal, the largest online investment platform in Australia. Birchals has been providing this report for several… Read More





MENA Region Fintech Firm Wafeq Raises $3M via Seed Round Led by Raed Ventures

Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai-headquartered company’s seed round was “led Raed Ventures by and saw participation from Wamda Capital, both of which are two of the most prominent names in the… Read More

Fundrise Looks to Raise More Money in $20 Million Reg A+ Offering

Fundrise, a real estate investment platform that recently entered the early-stage investment sector, has filed to raise $19.7 million in a sale of Class B Common shares. Fundrise has raised growth capital for itself in the past using the Reg A+ securities exemption. The $19.7… Read More

Thailand based Insurtech Eazy Digital Secures $850K via Seed Round

Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.” Eazy Digital… Read More

Twitter Wants to Provide Payments and it Should

Multiple reports today indicate that Elon Musk wants to incorporate payments as a service within Twitter. The initial source of information was an article published in the FT today that indicated Musk would start with fiat currencies and perhaps add cryptocurrency in the future. Twitter… Read More

Digital Securities Exchange ADDX Lists Hedge Fund Asia Genesis

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding…. Read More

House Passes Bi-Partisan Legislation Requiring SEC to Report on Capital Challenges for Rural Small Businesses

The Expanding Access to Capital for Rural Job Creators Act, (HR 298) has passed the House of Representatives. The legislation has both Democrat and Republican sponsors. The legislation would require the Securities and Exchange Commission (SEC) to submit an annual report on the challenges rural… Read More

Commonwealth, JPMorgan Chase to Examine Effect of Emerging Tech on Financially Vulnerable Americans

Commonwealth and JPMorgan Chase (NYSE:JPM) announced the next phase of their collaboration to address “the challenges and opportunities that emerging technologies present for advancing the financial lives of US workers earning low and moderate incomes, who are disproportionately Black, Latinx, and women-led households.” This project… Read More

Credit Cards Expected to Account for Nearly $10 Trillion in Spend Globally by 2027: Report

Juniper Research defines credit cards as a payment instrument which allows consumers as well as cardholders “to borrow money to pay for products and services, and make deferred payments for their purchases in exchange of monthly interest based on the amount owed.” As noted in… Read More

SEC Small Business Capital Formation Advisory Committee Schedules First Meeting of 2023

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its first meeting of 2023. The meeting, set for February 7, 2023, at 10 AM, does not yet have a posted agenda with the notice indicating that the “meeting includes… Read More

Renewed Interest in Digital Assets as Largest Inflows Occur Since Last July Driven by Bitcoin

After months of diminished interest, interest in digital asset investment products picked up last week, according to Coinshares. The report states that digital asset investments experienced a $117 million inflow last week, the largest since July 2022. At the same time, total assets under management… Read More

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Fintechs Brace for Soaring Financial Crime – Cyber, Tax Fraud, Environmental Crime Top Concerns: Report

  As war continues to rage in Ukraine and inflation impacts the economy, fintechs and digital banks expect the subsequent global economic downturn “to drive a rise in financial crime – and they’re staffing up their financial crime prevention teams.” A new survey by ComplyAdvantage,… Read More

SoFi Reports Earnings, Tops Expectations: We want to be your primary bank

SoFi Technologies (NASDAQ: SOFI) reported Q4 2022 and full-year earnings today, and the numbers surpassed analyst expectations. According to a release by SoFi, revenue during Q4 2022 was $456 million compared to Q4 2022 of $285 million in Q4 2021. For the year ended December… Read More

Inscribe Secures $25M in Funding to Combat Financial Fraud with AI

Groceries, transportation, relationships, entertainment, and more are all now “available at the swipe of a smartphone,” the team at Inscribe notes in a blog post. Buyers have come “to not only enjoy — but expect — frictionless interactions that provide instant gratification.” Fast response times… Read More

Proptech Lettingaproperty Looks to Raise £850,000 on Seedrs

Lettingaproperty, a UK-based Proptech, is looking to raise £850,000 on Seedrs. Recently launched, the securities offering has almost raised its funding target. As of today, over £800k has been raised, backed by 123 investors. According to the offering page, Lettingaproperty is offering equity at a… Read More

Digital Asset Firm Okcoin Introduces New Unified Account and Latest API Version

On January 6, 2023, Okcoin launched its new Unified Account and API v5 (they skipped v4 since some of their users consider the number “4” bad luck). Okcoin is excited to share “this upgraded, more seamless trading experience with a select group of users.” Over… Read More

Fintech UK Report: Funding Sinks in 2022

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

Impact Investor Bamboo Capital Exits Investment in Banco W

Bamboo Capital, a VC impact investor, has exited its investment in Banco W based in Colombia, according to a note from the firm. Banco W S.A. is a regulated entity authorized by the Financial Superintendency of Colombia, created in 2011. Banco W aims to promote… Read More

P2P Investments Remain Popular with Large Portfolio Investors, New Survey Reveals

According to a Robocash survey, P2P investments confidently “remain popular among respondents with an average income.” At the same time, the share of investors with large portfolios “is growing, reaching 35%,” the team at has revealed. At the end of 2022, investors with income… Read More

Marqeta Acquires Power Finance

Marqeta (NASDAQ: MQ) has announced the acquisition of Power Finance, a credit card management platform. Marqeta said in a public statement that it aims to boost its capabilities and leadership in the business of modern card issuing.  Marqeta said the purchase is expected to close… Read More

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