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Israel: Credit & Payments Firm Max Offers “First” Crypto-Cashback Credit Card

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Max Credit Cards and Bits of Gold have partnered to launch a Visa card in Israel called MaxBack Crypto. The new card is said to be the first crypto cashback card in Israel, designed to allow users to accumulate Bitcoin while they use the card…. Read More

Why Do Investors Choose to Sell Crowdfunded Securities in Secondary Markets? Seedrs Explains

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Seedrs, a top European securities crowdfunding platform that operates an emerging secondary trading platform for securities issued on the platform, has posted an interesting write-up as to why investors trade on its secondary marketplace (and others). Recently, CI hosted a webinar on secondary transactions in… Read More

Car Payments Fintech Caribou Raises $115 Million Series C

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Caribou, an “auto Fintech” and future Insurtech, has raised $115 million in Series C funding at a solid valuation of $1.1 billion. The investment was led by Goldman Sachs Asset Management, with participation from new investors, including Innovius Capital and Harmonic, as well as existing… Read More

Fintech Klarna Tops 150 Million Consumers


Klarna, a European Fintech that also operates in North America (and an HQ in Columbus, Ohio), is reporting topping 150 million consumers. Klarna is mainly a payments provider including buy now – pay later (BNPL) services that cater to both businesses and individuals. Klarna describes… Read More

American Express Backs Insurtech Trellis

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Amex Ventures, the venture arm of American Express (NYSE:AXP), has invested in Insurtech Trellis, according to a statement from the company, This newest investment follows a funding round in 2021 when Trellis raised $10 in a Series A. While Trellis did not provide details on… Read More

G7 Finance Ministers, Central Bank Governors Issue Statement on CBDCs

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  Following a meeting this week being held in Petersberg, Germany, G7 Finance Ministers and Central Bank Governors have issued a statement on the outcome of the meeting. While a good portion of the statement revolves around the war in Ukraine and the need for… Read More

ESMA Tells European Crowdfunding Platforms to Speed Things Up in Transitioning to New Pan-European Regime

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The European Securities and Markets Authority (ESMA) has posted a statement encouraging crowdfunding providers to speed things up in migrating to the new pan-European rules. At the end of 2021, the European Union approved a new regulatory regime that enables issuers to raise capital online… Read More

BIGG Digital Assets Hires Regulatory Affairs Director

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BIGG Digital Assets (CSE:BIGG, OTCQX: BBKCF, WKN: A2PS9W), owner of Blockchain Intelligence Group, has hired Kenneth A. Goodwin, Jr. as the Director of Regulatory and Institutional Affairs. According to BIGG, Goodwin brings extensive experience in global banking and capital markets in his new role. Lance… Read More

CFTC Gets Asset Freeze Regarding “$44M Misappropriation” in Alleged Digital Asset Fraud

Stop Fraud

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action alleging that Sam Ikkurty (aka Sreenivas I Rao), Ravishankar Avadhanam, and Jafia LLC, a company Ikkurty owns in Florida, with fraudulently soliciting at least $44 million to invest in a “so-called income fund” that sought… Read More

Atomic Powers Aura’s Investing Solution

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Atomic, a Fintech that enables consumer-facing firms to integrate wealth management and trading into their products, has partnered with “mindful money management platform” Aura. According to a company statement,  the two companies have launched an investing solution that aims to help individuals build long-term wealth…. Read More

SEC Receives Final Judgement Against Centra Tech ICO and Founders


The Securities and Exchange Commission has obtained final judgments on consent against Sohrab “Sam” Sharma, Robert Farkas, and Raymond Trapani in regards to Centra Tech and an initial coin offering (ICO) deemed to be an unregistered security by the SEC. The SEC states that Centra… Read More

Famous Fintech Investor Nigel Morris Comments on Venture Funding Environment

Nigel Morris 1

The venture community is getting gloomy, chattering about deal volume, down rounds, and a dismal economy. From war in Ukraine, too much government spending, and rocketing inflation chased by the US Federal Reserve raising interest rates, things look bad. It does not help that markets… Read More

Following Collapse of Algorithmic Stablecoin TerraUSD, Tether Reassure Users with “Assurance Opinion”

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As TerraUSD (UST), an algorithmic stablecoin imploded going to zero, reserve-based stablecoins rushed to stem the tide of concerns about contagion. Tether (USDT), the largest stablecoin in the market, has been hit with collateral damage due to the failure of UST. At the beginning of… Read More

Brazil: Fintech Neon Talks Progress Following $300 Million Series D

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Neon is reporting that revenue has grown by 3X while predicting it will grow 2X in 2022. This is following a Series D round that raised $300 million at a valuation of $1.6 billion. BBVA (NYSE: BBVA) provided the growth capital for Neon and agreed… Read More

Evolve Bank & Trust Added as Bank Partner at Marqeta as Fintech Aims to Boost Services

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Marqeta (NASDAQ: MQ) has added Evolve Bank & Trust as a new bank partner. Evolve Bank & Trust is a Banking-as-a-Service (BaaS) provider and thus can boost the portfolio of services Marqeta can offer to its customers. Evolve offers specialized services in Open Banking, Personal… Read More

Netherlands: BNPL Provider in3 Raises $85.5 Million

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in3, a Netherlands-based buy now – pay later (BNPL) provider has raised $85.5 million in equity and debt funding. The Series B funding round was provided by British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital…. Read More

Accelerated Payments Update: €750 million to Global SMEs

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Accelerated Payments (AP), an invoice financing Fintech, is reporting that it has hurdled  €750 million worth of financing to SMEs across the UK, Europe and North America. The financing arrives as most companies emerge from post-covid lockdown only to get hammered by rapidly rising inflation…. Read More

Largest Campaign on SeedInvest Ever: NowRX Nears End of Securities Offering

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NowRX, the largest securities crowdfunding campaign ever on SeedInvest will close within a few days. As has been previously reported, NowRX is an emerging Medtech firm that may be described as the Uber for prescriptions as it provides same-day delivery for pharmaceuticals prescribed by doctors…. Read More

Matchmaking: Anchorage Now Offers Networking Platform for Crypto Firms, Financial Services

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Revealed last week,  Anchorage, the first digital asset bank with a national bank charter, has announced “Capital Strategy” designed to connect crypto firms and financial institutions. The new services are described as a unique path for networking between establishment finance and emerging digital asset firms…. Read More

Chairman Gary Gensler Tells Congressional Committee Crypto Exchanges Need to Register as Exchanges with SEC

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SEC Chairman Gary Gensler testified in front of the Subcommittee on Financial Services and General Government, part of the House Appropriations Committee, to justify the agency’s budget request. As part of the questioning from various members, Gensler answered several questions which were crypto-related. Chairman Gensler… Read More

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