March 5, 2021 @ 11:12 pm By Omar Faridi  |  

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

March 5, 2021 @ 10:17 pm By Samantha Hurst  |  

    Eco, a U.S.-based digital wallet for saving and spending, announced on Friday it raised more than $26 million through its latest investment round, which was led by a16z Crypto with participation from Founders Fund, Activant Capital, Coinbase Ventures, and Slow Ventures. Eco reported that the… Read More

March 5, 2021 @ 10:10 pm By Omar Faridi  |  

GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base… Read More

March 5, 2021 @ 10:00 pm By Samantha Hurst  |  

  Just a little over six months after raising £2,346,770 through its previous Seedrs campaign, Howsy, a UK-based rental marketplace platform, has returned to the equity crowdfunding platform to raise £800,000. The funding round has so far raised over half its funding target from nearly… Read More

March 5, 2021 @ 9:07 pm By Omar Faridi  |  

The Securities and Exchange Commission (SEC) in Thailand is reportedly backing off its initial draft plan that would have required a 1-million-baht (appr. $32,800) minimum annual income and various other requirements for local crypto investors. The Thai SEC clarified that the draft bill was meant… Read More

March 5, 2021 @ 8:45 pm By Samantha Hurst  |  

  Bitcoin IRA, a company that allows individuals to invest in cryptocurrency, announced on Friday it has surpassed 100,000 users, as well as processed more than half a billion in transactions through its platform.  As previously reported, Bitcoin IRA claims to be the world’s first… Read More

March 5, 2021 @ 8:15 pm By Omar Faridi  |  

Indonesia-based Fintech firm PAYFAZZ has revealed that it invested $30 million in Xfers, a Singapore-headquartered business. The investment was made to establish a new financial entity, known as the Fazz Financial Group (FFG). PAYFAZZ stated that the companies will be keeping their respective names while… Read More

March 5, 2021 @ 6:21 pm By Omar Faridi  |  

When discussing wealth management strategies and how Fintech solutions can help investors better manage their portfolios, analysts often talk about how to create new wealth. They may discuss goal setting, risk profile management, and investment management. Dr. Sekar Jaganathan, Director of Digital Strategy at Kenanga… Read More

March 5, 2021 @ 4:00 pm By JD Alois  |  

Robinhood, a digital trading platform that has emerged as a popular venue for younger investors, is expected to pursue an initial public offering (IPO) listing shares on the NASDAQ, according to CNBC. It was reported last month that Robinhood may become a public company as… Read More

March 5, 2021 @ 3:14 pm By JD Alois  |  

Cipher Mining Technologies, a U.S.-based Bitcoin mining firm, will become a publicly-traded company via a special acquisition company (SPAC). Good Works (Nasdaq:GWAC) has agreed to a merger and following the combination the new entity will be called Cipher Mining trading under the symbol CIFR. Cipher… Read More

March 5, 2021 @ 3:01 pm By Omar Faridi  |  

BitPay is welcoming Dogecoin (DOGE) to its list of supported digital currencies. This new addition is now being supported via the BitPay Wallet app and at all of BitPay’s enabled merchant locations. The Shiba-Inu based crypto-asset Dogecoin has become quite popular, especially with billionaire Elon… Read More

March 5, 2021 @ 12:44 pm By JD Alois  |  

John David McAfee, a well-known crypto proponent and founder of the McAfee antivirus firm, has been indicted in Federal court for fraud and money laundering. According to the United States Attorney’s Office for the Southern District of New York, McAfee and Jimmy Gale Watson, Jr,… Read More

March 5, 2021 @ 12:23 pm By JD Alois  |  

Roger Nils-Jonas Karlsson, 47, has pleaded guilty to securities fraud and money laundering pertaining to a scam that defrauded more than 3,500 victims of more than $16 million, according to the US Department of Justice. Karlsson apparently directed his victims to make investments using virtual… Read More

March 5, 2021 @ 12:13 pm By Omar Faridi  |  

Delphi Digital, a leading crypto and blockchain research firm, has reportedly led Yield Guild’s seed round. Yield Guild (Games) is a “play-to-earn” gaming guild, which aims to bring players together to earn through blockchain or distributed ledger tech (DLT)-based economies. Yield says they are “the… Read More

March 5, 2021 @ 11:58 am By JD Alois  |  

Supervest, a securities crowdfunding platform that allows accredited investors to invest in Merchant Cash Advance (MCA) products, is raising growth capital on SeedInvest. According to the offering page, the crowdfunding platform is seeking $950,000 at a $15 million valuation. The seed round is a side-by-side… Read More

March 5, 2021 @ 11:33 am By JD Alois  |  

Piemonte Holding has launched a bond trading platform using blockchain technology. The new marketplace is said to be the first of its kind in Latin America. The platform is designed to enable Piemonte’s investors to trade R$150 million in debentures all using the Ethereum blockchain…. Read More

March 5, 2021 @ 10:42 am By JD Alois  |  

Mansa, a micro-lender based in France that targets the self-employed or gig-economy workers, has raised €6 million in equity in a Series A Funding The round brings its 12-month funding total to €20 million.  €12 million of the funding is reported to be for lending…. Read More

March 5, 2021 @ 10:35 am By Samantha Hurst  |  

Betterment, the largest independent online financial advisor, announced on Thursday it has acquired Wealthsimple’s U.S. book of business. Betterment reported that through the acquisition, Wealthsimple will transfer all of their existing U.S.-based customers to the Betterment platform, and will no longer support accounts based in… Read More

March 5, 2021 @ 10:21 am By Omar Faridi  |  

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

March 5, 2021 @ 10:13 am By Samantha Hurst  |  

U.S.-based money experience company MX announced on Friday it has appointed Brian Kinion as its new chief financial officer. The company revealed that Kinion will oversee the company’s finance organization, including investor relations, financial planning and analysis, accounting, compensation, and deal desk. According to MX, Brian Kinion… Read More