Birchal, Australia’s Leading Crowdfunding Platform, Reports on Sector Progress in 2020, Q4 Was Biggest Ever. Female Founded Firms Raised More than Year Prior

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Birchal, the leading investment crowdfunding platform in Australia, has published a report on the entire sector of online capital formation as well as platform performance. The report tracks progress in the Australian “crowd-sourced funding” (CSF) industry (investment crowdfunding) via data aggregated by Birchal. The information… Read More

U.S. Insurtech Rhino Raises $95 Million Through Latest Investment Round Led By Tiger Global Management

  U.S. insurtech Rhino announced on Tuesday it raised $95 million through its latest investment round, which was led by Tiger Global Management with participation from Kairos, Lakestar VC, and Lakehouse VC. Launched in 2017, Rhino is on a mission to bring greater financial freedom… Read More

RateGenius’ Annual Study Reveals: 2020 Savings on Auto Loan Refinancing Among Highest on Record

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Tuesday its annual study revealed the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years,… Read More

Robinhood CEO Shares on CNBC’s “Squawk Box”: Most of Our Customers Are Into “Buy and Hold” Investing (Video)

  Vlad Tenev, the CEO of modern trading platform Robinhood, sat down with Andrew Ross Sorkin to discuss how he thinks markets will be affected post the COVID-19 pandemic. The discussion notably happened amid retail investors piling into equities at a rapid rate in the… Read More

Crazy Town: GameStop Rockets Higher, Pundits Blame Reddit, Short Sellers Close Out

A week ago, GameStop (NYSE:GME) was trading at around $37/share. Today, GameStop is trading at around $277  $334 a share – jumping by over 80%  120% today alone. If you thought the ICO rave was crazy, think again. More mundane traditionally regulated markets may be… Read More

UK based Neobank Bilderlings Launches New Onboarding Process

Bilderlings, a UK based neobank that is an authorised e-money institution, has launched a new “onboarding” process for potential users, according to a note from the Fintech. Bilderlings remote online onboarding for individuals is said to enable users to register, submit documents, and have a… Read More

U.S. Digital Banking & Lending Startup Milo Attracts $6 Million Through Seed Funding Round Led By QED Investors

  Milo, a U.S.-based digital banking and lending startup, announced on Wednesday it secured $6 million through its seed funding round, which was led by QED Investors with participation from MetaProp and 10X Capital.  Founded in 2018, Milo describes itself as a fintech company that… Read More

JP Morgan to Launch Digital Bank in the UK

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

Merriam-Webster Dictionary Adds Crowdfunding as a New Word

Squeezed somewhere between “cancel culture” and “gig worker” the term crowdfunding has been added to the august Merriam-Webster dictionary. Although crowdfunding has been in use for more than a decade (unlike cancel culture which is more recent), it appears that the etymologists at Merriam-Webster have… Read More

Digital Bank Zopa Adds New Feature: Energy Switching and Comparison Service

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

Former Crowdfunding Platform Syndicate Room Receives £10 Million Commitment from British Business Bank for Investments

British Business Investments has committed £10 million to Syndicate Room. British Business Investments is a subsidiary of the British Business Bank. Syndicate Room was previously an investment crowdfunding platform that has since migrated to a fund model. According to a noted from Syndicate Room, the… Read More



Open Banking Payments Platform Token Secures $15 Million Though Series B Financing Round

  Token, an open banking payments platform, announced on Wednesday it raised $15 million through its Series B financing round, which saw participation from SBI Investment Co. Ltd. Sony Innovation Fund By IGV, Octopus Ventures, EQT Ventures, and BNP Paribas’ venture arm Opera Tech Ventures…. Read More

Fintech Unicorn TransferWise to Expand its Debit Card Program with Assistance from Payments Giant Visa

UK-based Fintech Unicorn TransferWise is reportedly expanding its debit card program into many new markets after entering a worldwide deal with payments giant Visa (NYSE:V). Through the partnership, TransferWise will be connecting to Visa’s international transaction processing network (via the Cloud). TransferWise confirmed that it’s… Read More

Canadian Marketplace Lending Platform LendingArch Announces Further Expansion into the U.S.

    Canadian marketplace lending platform LendingArch announced on Wednesday it has further expanded into the U.S. by expanding its Consumer Debt Division Nationwide throughout all 50 states. According to LendingArch, the LendingArch Consumer Debt Division is focused on helping Americans lower or eliminate their… Read More

European Fintech Startup Nomo, a Business Management Solution Provider for SMEs, Acquires €2.5 Million Investment

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

Digital Banking: Neobanks like Nubank, Neon, and Uala are Now Key Players in South and Latin America Fintech Sector

The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking platforms currently serve more than 50 million consumers out of the region’s (approximately) 430 million residents, according to the latest data from Dutch Fintech… Read More

Binance to Offer $60,000 in Prizes to Virtual Hackathon Participants for Creating Open-Source Software on Binance Smart Chain

Leading digital asset exchange Binance has announced the launch of a Hackathon, called The Future Is Now. According to Binance, this event will be a 3-week long virtual hackathon that will be hosted by Binance X and Gitcoin, which serves a place for blockchain developers… Read More

Fintech Analyst Says UK’s Neobank Monzo Is Dealing with Challenges Comparable to Digital Bank Xinja which Recently Exited Market

UK-based challenger bank Monzo is reportedly struggling to maintain operations and may be trying to avoid the same fate as digital bank Xinja which was recently forced to shut down permanently. Fintech analyst Katherine Long from GlobalData recently noted that Monzo has turned into an… Read More

Crypto Transactions have AML Capabilities that are Almost Impossible to Replicate in Traditional Investigations: CipherTrace

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

More Than 110 Organizations Will Participate in the FedNow Pilot Program

The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow… Read More

Congresswoman Maxine Waters Announces Subcommittee Chairs of House Committee on Financial Services

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services announced the six Committee Members who will serve as Subcommittee Chairs for the 117th Congress. Chair Waters issued the following statement: “I am pleased to announce the very experienced, dedicated, diverse, and talented… Read More

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