April 26, 2024 @ 12:41 pm By JD Alois  |  

Paystand has acquired Teampay, according to a statement from the company. Details of the transaction were not immediately available. Paystand is a payments platform that claims to be the largest B2B receivables, payables, and payments network running on blockchain. Paystand digitizes receivables and automates processing… Read More

April 26, 2024 @ 11:39 am By JD Alois  |  

As CI has covered in the past couple of years, the European Union created harmonized rules designed to improve online capital formation under ECSPR, or European Crowdfunding Service Provider Regulation. Advocates, like EuroCrowd, have lobbied the EU for years to advance the common-sense approach of… Read More

April 25, 2024 @ 9:24 am By JD Alois  |  

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

April 24, 2024 @ 12:20 pm By JD Alois  |  

Rialto Markets, a broker-dealer that specializes in online capital formation, including the full stack of crowdfunding exemptions, has shared some highlights of its activity during Q1 of 2024. According to Rialto, its new Rialto Markets Enterprise Solutions (RiMES) has signed up several new customers. RiMES… Read More

April 24, 2024 @ 11:34 am By JD Alois  |  

ComplyAdvantage has acquired Golden, according to a statement issued by the company. ComplyAdvantage is a firm that provides AI-powered financial crime risk data and fraud detection technology. Golden is a data-mining firm that uses natural language processing to drive value from dispersed sources of information…. Read More

April 24, 2024 @ 9:27 am By JD Alois  |  

PeppercornAI has raised £3.25 million in a funding round aided by the participation of Wealth Club, which invested £1.9 million in the Insurtech firm. The funding included high-net-worth investors and existing investors EHE Capital and Angels Invest Wales. Wealth Club offers sophisticated investors investment opportunities typically… Read More

April 23, 2024 @ 9:37 pm By JD Alois  |  

While Fundrise continues to pound the table on its newish early-stage investment fund with non-stop commercials on CNBC, the company is quietly generating decent returns on the legacy side of the business of real estate investments. According to a recent report, the Fundrise Flagship Fund… Read More

April 23, 2024 @ 2:05 pm By JD Alois  |  

DealMaker, a  broker-dealer that specializes in online capital formation, has posted an example of an issuer that has raised funding multiple times utilizing different platforms. In venture capital (VC), it is typical for a company to start with a Seed Round and then move on… Read More

April 23, 2024 @ 12:33 pm By JD Alois  |  

DWealth Education and dVIN are partnering on an initiative to “bring blockchain proficiency and economic opportunity to the global investment-grade wine ecosystem.” dVIN is a blockchain-based platform for the wine market. The company says it will introduce a digital asset dubbed $VIN (Vincoin) later in… Read More

April 23, 2024 @ 12:11 pm By JD Alois  |  

The American Fintech Council (AFC) has sent a letter to the FDIC [Federal Deposit Insurance Corporating] for its activity directed towards innovative financial services firms. The letter, signed by Phil Goldfeder, CEO of AFC, claims the FDIC has “systematically changed its posture towards innovation,” utilizing… Read More

April 23, 2024 @ 10:20 am By JD Alois  |  

Goldman Sachs (NYSE:GS) , the most respected investment bank in the world, is continuing its retreat from retail Fintech services as it revealed this week that Marcus Invest, its Fintech wealth management platform, would be shuttered and services picked up by Betterment, a registered investment adviser…. Read More

April 22, 2024 @ 4:54 pm By JD Alois  |  

TabaPay will acquire the assets of Synapse Financial Technologies following the decision of the firm to file for Chapter 11 bankruptcy. The courts must first approve the agreement. The specific terms were not revealed. TabaPay is a payments and transfers Fintech that reportedly provides services… Read More

April 22, 2024 @ 11:00 am By JD Alois  |  

The former PM of Italy, Enrico Letta, has released a report on how to improve the EU single market. The 147-page document, called “Much More Than a Market,” is a “call to action” to improve upon the single market and monetary union. Letta states that… Read More

April 19, 2024 @ 4:00 pm By JD Alois  |  

Finzly has partnered with EverBank to enable a centralized payments process. EverBank is a nationwide specialty bank providing products and services to both consumer and commercial clients nationwide. Finzly supports banks, Fintechs, and other firms in offering financial services in a real-time ecosystem. Finzly claims… Read More

April 19, 2024 @ 10:08 am By JD Alois  |  

Tokenization platform Tokeny has integrated with Telos EVM (Ethereum Virtual Machine)> In a blog post, the digital security enabler said that by integrating Telos EVM, it will expand its reach for issuers to tokenize assets with while benefiting from Telos’ blockchain technology. The integration is… Read More

April 18, 2024 @ 11:21 pm By JD Alois  |  

All of the Republicans on the Senate Banking Committee, as well as Democrat Senator Joe Manchin, have signed onto a Congressional Review Act (CRA) resolution to overturn the SEC’s recent decision to introduce Climate Disclosure rules. These new rules are part of the ESG initiative at… Read More

April 18, 2024 @ 11:20 am By JD Alois  |  

Vanderbilt University Professor Joshua T. White, a former SEC economist at the Division of Economic and Risk Analysis (DERA), did a highly effective job of critiquing the SEC’s new climate disclosure rules during a hearing of the House Financial Services Committee. The new type of… Read More

April 18, 2024 @ 9:01 am By JD Alois  |  

CrowdProperty, a property investment platform, has announced a new feature called Instant Decision in Principle (iDIP). This feature aims to speed up the financing process for developers. The feature will be officially revealed at the Property Investor Show in London this weekend. CrowdProperty explains that… Read More

April 17, 2024 @ 1:40 pm By JD Alois  |  

Recently, CI reported on the requirement to file a Form C-AR (annual report) for firms that raised money using the Reg CF securities exemption. While Reg CF is a notice filing there are still legal requirements to remain compliant on an ongoing basis for firms… Read More

April 17, 2024 @ 11:33 am By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all of Canada’s provincial and territorial securities regulators, has posted a note on “crypto asset trading platforms” (CTPs) and the previously adopted “interim approach to value-referenced crypto assets (VRCAs).” In common terms, a VRCA is a… Read More