JD Alois

UK Financial Conduct Authority Partners with City of London Corporation to Pilot Digital Sandbox Supporting Firms Addressing COVID-19 Challenge

The Financial Conduct Authority (FCA) and the City of London Corporation are partnering on a digital sandbox designed to support firms that are addressing the COVID-19 challenge. The digital sandbox will support both big finance and early state Fintechs seeking to play a role in… Read More

EstateGuru Reports 65% Increase in Revenues During First 6 Months of 2020 Driven by Strong First Quarter

EstateGuru is reporting strong results during the first 6 months of 2020. According to a release, the pan-European P2P marketplace for asset-backed loans saw significant year over year growth in revenue of 65% even during the COVID-19 lockdown. Marek Pärtel, co-founder and CEO at EstateGuru,… Read More

Fidel, a Provider of Real Time Transaction Data, Crosses the Atlantic to Expand into North America

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UK based Fidel, a Fintech that provides real-time data for credit card transactions with clients like British Airways, Royal Bank of Canada, and Klarna, has expanded into the US with the establishment of a New York office. Fidel is backed by Nyca Partners and QED… Read More

Twitter Hacked, Bitcoins Pilfered, Shares Drop

Twitter (NYSE:TWTR) was hacked today and the perps used prominent accounts to pilfer crypto, according to multiple reports. Apple, Uber, Elon Musk, Bill Gates, Joe Biden, Warren Buffet, and yes, even Kanye West more were said to be targets of the scam. The Tweets were… Read More

Former Fintech Lead at Milken Institute, Jackson Mueller Takes New Role at Digital Asset Firm Securrency

Jackson Mueller has long been a key voice and industry participant in the policy realm in regards to the Fintech ecosystem. Until recently, Mueller was the Associate Director, Fintech Program at the Milken Institute, Center for Financial Markets. Mueller’s reports have long been a solid… Read More

Wow. Grayscale Says Institutional Investment is Pouring in as Almost $1 Billion Went into Cryptocurrency Funds in Q2

Grayscale, a digital currency asset manager, is reporting growing interest in its crypto-focused funds. In fact, during Q2, total investment into Grayscale’s products hit $905.8 million. That is double what was previously reported in Q1 and 1.5X the entire amount of capital raised during 2019…. Read More

BlockFi Hires New GC, Previously at Renaissance Tech, Deutsche Bank

Digital asset financial service firm BlockFi has appointed a new General Counsel, according to a company release. BlockFi has hired Jonathan Mayers as BlockFi GC. Mayers was previously at  Renaissance Technologies. BlockFi notes that it continues to build an executive branch staffed by legacy financial… Read More

Paxos Launches Crypto Brokerage, Revolut is First US Customer

Paxos Trust Company, the first regulated Trust company for digital assets in the US, is introducing Paxos Crypto Brokerage – a service that integrates digital asset trading and sending within its portfolio of services. Paxos reports that it is the largest issuer of regulated stablecoins… Read More

Goldman Sachs Reports Consumer Deposits Rocket by $20 Billion During Solid Q2

Goldman Sachs (NYSE:GS), the top global investment bank, is out with Q2 numbers and they are pretty good. Earnings per share (EPS) were reported at $6.26 – a big beat versus what the street was anticipating. During the quarter, net revenues came in at $13.30… Read More

Pre-IPO Shares of Impossible Foods Available at Manhattan Street Capital

Manhattan Street Capital, best known for its Reg A+ securities offerings, is pitching shares in Impossible Foods, a competitor to Beyond Meat (NASDAQ:BYND). As you probably know, Beyond Meat went public in mid-2019 raising about $240 million on a valuation of $1.5 billion. Shares were… Read More

Coconut Tops Crowdfunding Target, Closes Securities Offer at £2.45 Million

Coconut, an accounting and business finance app, has topped its offering target on Crowdcube.  Coconut originally sought £700,000 at a pre-money valuation of £12 million. In the end, Coconut closed the securities offer at £2,456,286 backed by 3037 individual investors. Coconut has raised growth capital… Read More

Boom: nCino IPOs on NASDAQ, Shares More than Double in Early Trading

  nCino (NASDAQ:NCNO), a Wilmington, North Carolina based Fintech that offers a cloud banking platform built on the Salesforce platform, launched its initial public offering (IPO) today and shares have rocketed on the NASDAQ since trading commenced. nCino listed at $31/share after the offer price… Read More

World Economic Forum: Fintech has been able to lower transaction and service costs and reach populations otherwise unable to participate in the formal financial system

The World Economic Forum (WEF) is a highly influential global organization that engages with top political leaders, business executives and other prominent members of global society to demonstrate that combined with integrity and high standards of governance, entrepreneurship is in the global public interest. Among… Read More

Rochester Institute of Technology Invests in Tokenized COSIMO X Fund, Facilitated by Securitize

The Rochester Institute of Technology (RIT) has invested in a tokenized fund offered by Cosimo Ventures according to a company release. The Fund, Cosimo X, is facilitated by Securitize and is said to be the first time a university has invested in a tokenized fund…. Read More

COVID-19 Government Support Schemes Update: Over 1.1 Million Businesses Receive £46 Billion

This week’s update on COVID-19 support schemes indicates that over 1.1. million UK businesses have been approved to receive £46 billion. The numbers breakdown as follows: Approximately 1.05 million smaller firms have received a total of £31.7 billion through the Bounce Back Loan Scheme, an… Read More

Royal Bank of Scotland’s Tyl Contactless Payment Service Reports Solid Uptake

The future of payments is in contactless payments and the transition away from physical cash has been boosted by the ongoing COVID-19 health crisis. The Royal Bank of Scotland (RBS) is reporting its contactless payment service Tyl is generating solid uptake in Scotland during the… Read More

Fintech in Need of Finance? Report States COVID-19 May Necessitate £825 Million in New Financing

A new report indicates that COVID-19 has hit UK Fintechs hard as this sector of finance may need to raise £825 million for these firms to make it beyond the global pandemic. According to KPMG‘s Fintech Focus report, annual losses for Fintech startups are hovering… Read More

Blockchain: Singapore’s Project Ubin Completes Final Phase Depicting How Financial Services Can Benefit from Blockchain, Payments Prototype Included Participation of JPMorgan

The Monetary Authority of Singapore (MAS) and Temasek have published the final report on a blockchain trial. The report, “Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities” shares insights into the blockchain-based multi-currency payments network prototype that was built and describes how the network could… Read More

SME Loan Marketplace Lendio Partners with Web.com

Lendio, a marketplace for small business loans, has partnered with Web.com Group, a web technology firm, according to a release. Through the partnership with Lendio, Web.com Group will provide its customers with access to capital. Brock Blake, CEO and founder of Lendio, said his company… Read More

Long Awaited Wave of STOs? CoinList President says More Offerings Like Republic Note Will Make it Happen

Republic will kick off the sale of Republic Note, a digital asset that will be a tradeable, profit sharing investment opportunity, on Thursday, July 16. The Note tokens will sell for $0.12 each with a funding cap of $8 million. A prior private sale is… Read More

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