Former CFTC Chair Gary Gensler Selected to be Chairman of the Securities and Exchange Commission, Lauded for Being Fintech Friendly

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Gary Gensler, the former Commodities Futures Trading Commissioner Chair, has been selected by President-elect Joe Biden to helm the Securities and Exchange Commission (SEC). Gensler previously led the CFTC during the Obama administration. Prior to the CFTC, Gensler spent 18 years at Goldman Sachs. He is… Read More

UK Mortgage Fintech Perenna Secures $10 Million Through Seed Funding Round

  Perenna, a UK-based mortgage fintech startup, announced on Monday it secured $10 million through its Seed funding round, which included investments from Kevin Flaherty, the former head of structured products at Deutsche Bank, Tony Mallin MBE, managing partner of Star Capital. Founded in 2018,… Read More

Lendio’s Brock Blake: Even Amid 2020 Turbulence, We Saw an Increase in Annual Revenue

  Despite the many struggles that many experienced in 2020, digital loan marketplace Lendio was able to survive the past twelve months with an increase in annual revenue. Since platform launch, Lendio has facilitated $10 billion in over 216,000 loans. Lendio works with more than 74… Read More

Asian Fintech Grab May Pursue US IPO

Southeast Asian Fintech Grab may pursue an initial public offering (IPO) during 2021, according to a report. Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week, Affirm (NASDAQ:AFRM) blew the doors off its IPO…. Read More

TransUnion Joins Forces With Fintech Startup Fincheck to Improve Finance Access For South African Consumers

  Global information and insights company, TransUnion, announced on Monday it has partnered with South Africa-based financial marketplace, Fincheck, to make the credit application process easier and less frustrating for consumers. According to the duo, consumers are now able to access a free TransUnion credit report… Read More

Update: Spains D2C Platform Hannun Raises More Than €1.2 Million Through Crowdcube Campaign

Hannun, a Spain-based D2C platform that sells furniture and home goods from local artisans, has successfully raised more than €1.2 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to secure €700,000, has attracted over 540 Crowdcube investors. As previously… Read More

UK FCA Report Looks to Mitigate Investment Harm, Includes P2P, Crypto and Crowdfunding on List of High Risk Investments

Following a call for input on the consumer investment market that closed to comments last month, the UK Financial Conduct Authority has issued a report on how the regulator “works to protect consumers from investment harm” citing activity during the first 10 months of 2020…. Read More

Bahrain-Based Crypto Exchange Rain Secures $6 Million Through Series A Investment Round Led By Middle East Venture Partners

  Rain Financial, a Bahrain-based cryptocurrency exchange, announced one r the weekend it secured $6 million through its Series A funding round, which was led by Middle East Venture Partners (MEVP) with participation from Coinbase, Vision Ventures, CMT Digital Ventures, Abdul Latin Jameel Fintech Ventures,… Read More

Digital Banking: Revolut has Rolled Out New Desktop Web App to Help Customers Better Manage their Finances

UK-based digital bank Revolut notes that with the New Year comes new features. The challenger bank has launched a new desktop Web App that will allow customers to better manage their finances. In addition to the “handy” new desktop Web App, Revolut has introduced upgraded… Read More

Nearly €400M Invested via European P2P Lending Platform Bondora, with Almost €50M in Returns Paid to Investors in Past 12 Years: Report

Bondora, a European peer to peer (P2P) lending platform, acknowledges that 2020 was a “rollercoaster ride,” but they’re pleased to confirm that they ended the year off “on a high.” Bondora recently revealed that its December 2o20 investments reached €7,043,525.00— which was reportedly the 4th… Read More

Home Service Software Brand Porch Group Announces Acquisitions; Expansion into Insurtech

  Porch Group, a U.S.-based vertical software company focused on the home services industry, recently announced it has acquired four companies and has begun to expand into insurtech. Founded in 2012 as an online home improvement network, Porch claims it has grown into the industry-leading… Read More



Online SME Lender October Raises €295 Million, as of Dec 2020, to Finance Businesses, the Largest Amount it has Ever Raised

Europe-based online SME lender October says there’s probably no need to describe or go over how our lives have been impacted by the COVID-19 outbreak. October claims that they had to “become economists, epidemiologists, and politicians” in order to cope with the challenges created by… Read More

Update: Car-Sharing Startup Karshare Set to Close Seedrs Campaign With More Than £1.4 Million Raised

  Karshare, a UK-based car-sharing startup, is set to close its equity crowdfunding campaign on Seedrs with more than £1.4 million secured. The funding round, which has attracted nearly 560 Seedrs investors, was launched last month, originally seeking £1 million. As previously reported, Karshare stated… Read More

Guitar Accessories Brand Thalia Raises Nearly $600,000 Through Reg CF Campaign on StartEngine

  Thalia, a U.S.-based direct-to-consumer guitar accessories and lifestyle brand, has successfully secured nearly $600,000 through its Regulation CF (Reg CF) campaign on crowdfunding platform StartEngine. Founded in 2013, Thalia claims to be the leading luxury brand for guitar accessories & lifestyle products. “We build… Read More

Digital Banking: UK’s Fintech Challenger Starling Provides Reasons why Consumers Should Switch Over to Its Services and Leave Old Banks

UK-based digital bank Starling claims that more consumers appear to be switching to its Fintech platform than “ever before.” As confirmed by review site Which?, Starling Bank has topped the chart for current account switches – which means that clients decided to part ways with… Read More

SNGLR, a Digital Advisory and Tech-focused VCs Specializing in Longevity and Smart Mobility, Launch Global Platform

SNGLR Holding AG has confirmed the official launch of its business operations and is now fully operational with its headquarters based in Zug, Switzerland. SNGLR Holding also maintains  business offices in Boston (USA), Berlin, (Germany), Rome (Italy), and Dubai (UAE). The SNGLR Holding team includes… Read More

Bitcoin Improvement Proposals Schnorr / Taproot and Other Codebase Modifications to Increase Fungibility, Privacy of BTC Transfers

The team at crypto exchange OKCoin recently took a closer look at the three major Bitcoin Improvement Proposals (BIPs) that make up the Bitcoin Core update, Schnorr/Taproot. As noted by OKCoin, the version 0.21.0 of Bitcoin Core is scheduled to be released early next month… Read More

Bitcoin Mining Firm HASHR8 Says US and other First World Nations Might Make Crypto Mining “A Strategy to Maintain Power”

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains,… Read More

Digital and Mobile-First CIMB Bank in the Philippines Reports 800% Increase in Customer Deposits, 3 Million+ Users

CIMB Bank Philippines, which aims to transform the Filipino banking experience with its all-digital, mobile-first bank, “offering 24/7 safe and secure banking, bank account opening in just 10 minutes through smartphones,” is reporting that it has managed to double its deposit customer base. Launched in… Read More

Bitcoin Mining Is to Blame, at least Partially, for Massive Blackouts in Iran, the Nation’s Government Claims

There have reportedly been massive blackouts and smog that have hit several cities in Iran. It’s being described as quite a toxic mix as the nation, which is facing serious economic challenges and crippling US-led sanctions, is now also having to deal with the region’s… Read More

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