JD Alois

Robinhood Prices Shares at $38, Shares Expected to Trade on July 29th

Robinhood has priced its initial public offering (IPO) of 55,000,000 shares of its Class A common stock at $38.00 per share. It was previously reported that Robinhood would float its shares at up to $42 each. Robinhood said a registration statement was declared effective by… Read More

Boom. LendingClub Reports Strong Results, Boosts Guidance, Shares Rise in After Hours Trading

LendingClub (NYSE:LC), a Fintech that started as a peer-to-peer lender and now operating as a digital bank, has posted strong 2nd quarter results that easily topped expectations. LendingClub finally turned the corner on profitability shredding guidance that had expected a loss. Shares moved considerably higher… Read More

Republic Celebrates 5 Year Anniversary, $500 Million in Capital Deployed

Online investment platform Republic is celebrating 5 years of operations having facilitated over $500 million in online capital formation. A sister company of AngelList and CoinList, Republic initially entered the Reg CF sector of crowdfunding in the summer of 2016 soon after Title III of… Read More

Prime Trust Raises $64 Million Series A, Reports Topping $100 Million in Annual Revenue

Prime Trust, an infrastructure Fintech that provides key services to financial services like custody, has raised $64 million at an undisclosed valuation. Simultaneously, Prime Trust said it is currently generating $100 million run rate in annual revenue. The funding round was led by Mercato Partners,… Read More

Next Feature: Revolut Adds Restaurant Cashback Rewards

Revolut continues to add and announce new features at an aggressive pace. Today, the neobank is adding Restaurant rewards – a cashback feature that Revolt says may include up to 30% cashback after paying a tab at a UK restaurant. The new Restaurant Rewards are… Read More

BNPL: Behalf Raises $100+ Million of Funding

Buy Now, Pay Later (BNPL) Fintech Behalf, has raised $19 million in new venture financing alongside a debt facility that is said to bring the total to $100+ million. Existing investors led the funding including MissionOG, Viola Growth, Viola Credit and Vintage Investment Partners. New… Read More

Like Many Innovators, Consensus Moves to Texas, Partners with World Economic Forum

Like a lot of people and companies, Consensus is moving to Texas for 2022. The in-person blockchain-focused gathering will take place in Austin in June 2022. The Mayor of Austin, Steve Adler, commented on the addition of the event to its city’s calendar: “The future… Read More

Bitcoin Rewards Firm Lolli Raises $10 Million Series A

Bitcoin rewards startup Lolli has closed on a $10 million Series A funding round, according to a note from the company. The funding was led by Acrew Capital with participation from Banana Capital, Up North Management, and Animal Capital. Investments included the backing from social… Read More

Senator Elizabeth Warren Tells Treasury Secretary Yellen to Rein in Crypto Now

Senator Elizabeth Warren, a member of the Senate Banking Committee, has called on the Secretary of the Treasury Janet Yellen to reign in cryptocurrency – now. In a letter sent to Yellen, Senator Warren told the Secretary to use the Financial Stability Oversight Council (FSOC)… Read More

Australia: Equity Crowdfunding Volume Doubles in First Half of 2021

Investment crowdfunding in Australia, or crowd-sourced funding (CSF), has doubled in the first half of 2021 in comparison to the same period year prior according to a note provided by Birchal. In aggregate since CSF became legal, over 144 Australian SMEs have raised over $100 million… Read More

Venture Funding of Payment Fintechs Tops $5.5 Billion in First 6 Months, 5X Year Prior

VC funding of Fintechs continues to boom as more established Fintechs capture outsized funding rounds and smaller firms continue to provide new spins on digital financial services. S&P Global Market Intelligence is out with a focused report stating that $5.56 billion went into the payments… Read More

Senate Banking Crypto Hearing: Senator Warren Says Crypto is Dangerous for Our Financial System

The Senate Banking Committee held a hearing today on cryptocurrency aptly titled Cryptocurrencies: What are they good for? And as one may anticipate, the questions and support of digital asset innovation largely fell along party lines. For the witnesses, there were representatives from Coin Center, Filecoin,… Read More

Proptech Landis Raises $165 Million Series A led by Sequoia

Proptech Landis has raised $165 million in debt and Series A equity financing led by Sequoia Capital.  Other investors include Arrive, a Roc Nation company, Will Smith’s Dreamers VC as well as existing investor Signia Venture Partners. Total funding for Landis now stands at $182… Read More

Focused on Regulatory Compliance, BlockQuake Crypto Exchange Launches Today

BlockQuake has announced its long-anticipated official launch. The crypto exchange has taken a regulatory compliance first approach learning from the early innovators to create a “gold standard” digital asset trading platform. BlockQuake states that it seeks to differentiate its service by aiming to give users… Read More

Digital Assets: Fireblocks Raises $310 Million at $2 Billion Valuation

Fireblocks, an enterprise-grade platform providing an infrastructure for digital assets, has raised a $310 million Series D funding round at a huge $2 billion valuation. The funding was led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC  and SCB 10X, Siam Commercial Bank, along… Read More

US Senate Banking Committee Holds Hearing on Crypto Today

The US Senate Banking Committee will hold a hearing later this morning entitled Cryptocurrencies: What are they good for? The individuals testifying in front of the Committee include: Professor Angela Walch, Professor of Law, St. Mary’s University School of Law, Research Associate, UCL Centre for… Read More

iAngels Raises $55.5 Million for First Institutional Fund Supported by EIF

iAngels has announced its first institutional fund raising $55.5 million. iAngels received the backing of the European Investment Fund (EIF), part of the European Investment Bank group. EIF’s mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance…. Read More

YieldStreet Tops $2 Billion in Deals Funded, Has Returned over $1 Billion to Investors

Yieldstreet, an investment crowdfunding platform for alternative assets, has topped $2 billion in deals funded while returning over $1 billion to investors. According to a note distributed by Yieldstreet, the investment platform has experienced dramatic expansion since its founding six years ago. Yieldstreet goes beyond… Read More

Rumblings of Amazon Accepting Crypto Drive Bitcoin Higher

Bitcoin is once again surging after tumbling below $30,000 last week. Today, Bitcoin is bouncing around $40,000 – a pretty dramatic shift in price. At the beginning of 2021, Bitcoin traded at just shy of $30,000 so last week BTC retraced all of the years’… Read More

Arca CIO Slams Lack of Transparency in Digital Asset Offerings

Jeff Dorman, Chief Investment Officer at Arca, has distributed a statement criticizing the lack of transparency in digital asset offerings. Arca is a digital asset firm that offers institutional-grade financial services in the digital asset sector. In January, Dorman predicted that more attention would be… Read More

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