September 24, 2024 @ 11:49 am By JD Alois  |  

UK startups received $10.1 billion in venture capital (VC) funding from January through August 2024 according to a report. The funding was committed to 673 individual deals. GlobalData reports that this is an improvement by 14.8% in funding year over year. At the same time,… Read More

September 24, 2024 @ 11:20 am By JD Alois  |  

Liberty Leasing will receive £15 million from the British Business Investments. Liberty Leasing received a £15 million facility in 2021 so this brings the total committed to £30 million. Liberty Leasing is a specialist financing firm that caters to smaller businesses in the construction, engineering,… Read More

September 24, 2024 @ 10:58 am By JD Alois  |  

The Payments Association in the UK is calling for a national payments plan. The Payments Manifesto 2025 seeks to create conditions to support growth and innovation in payments. The Payments Association says it has urged UK authorities to “undertake a swift and well-defined review which… Read More

September 24, 2024 @ 9:44 am By JD Alois  |  

SeedBlink, a European securities crowdfunding platform, has launched a new service called Raise Hub. According to a note from the firm, Raise Hub is designed to streamline the process for European startups on their funding journey. Raise Hub provides information on various financing options, access… Read More

September 24, 2024 @ 7:22 am By JD Alois  |  

European payments provider Mangopay has been enlisted by Troc Vélo to power transactions on its platform. According to a statement by the firm, Mangopay’s solutions will help Troc Vélo streamline second-hand purchases between individuals.  Troc Vélo is described as the leading platform for buying and… Read More

September 23, 2024 @ 6:00 pm By JD Alois  |  

Representative Patrick McHenry, Chairman of the House Financial Services Committee, and Senator Cynthia Lummis have sent a letter demanding the Securities and Exchange Commission rescind Staff Accounting Bulletin (SAB) 121.  The bicameral letter has been signed by 42 members of Congress. Both Lummis and McHenry… Read More

September 23, 2024 @ 3:16 pm By JD Alois  |  

Online lender Biz2X says it has partnered with Watermelon Ecosystem. The platform provides services for restaurateurs and other F&B entrepreneurs in the MENA region. Biz2X will power business financing for businesses that use the Watermelon platform. Merchants selling inventory and other goods or services on… Read More

September 23, 2024 @ 10:58 am By JD Alois  |  

Switzerland-based digital asset bank Sygnum has received approval to operate under the Token and Trusted Technology Service Provider license from Liechtenstein’s financial services regulator, the Financial and Markets Authority (FMA). The license positions the bank to operate under the European Markets in Crypto-Assets (MiCA) regulations…. Read More

September 23, 2024 @ 9:13 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says it has topped 2500 clients that are leveraging their Alternative Investment Product (AIP) . The AIP service is a centralized trading and reporting platform that connects the alt investments industry to exchange data. The service includes money settlement… Read More

September 23, 2024 @ 9:06 am By JD Alois  |  

CapitalRise is reporting that it has closed on an £8.22 million senior development loan in Wimbledon. The real estate investment platform says this most recent facility follows a robust summer that generated record activity on the property finance platform. As for the Wimbledon project, the financing… Read More

September 20, 2024 @ 3:07 pm By JD Alois  |  

Tether has announced a $1.5 million investment in Sorted Wallet in a move that is being described as boosting their presence in Africa and Southern Asia. Sorted Wallet is said to be a platform that serves the under/non-banked segment of the population. The application is… Read More

September 20, 2024 @ 10:47 am By JD Alois  |  

Groundfloor, a real estate investment platform, is partnering with Republic to raise growth capital. According to the offering page, Groundfloor is seeking up to $5 million using Reg CF. Investors will be purchasing Series B-3 preferred stock. A minimum of $100 is required with a… Read More

September 20, 2024 @ 10:16 am By JD Alois  |  

The Payments Association has released an “investigative documentary” regarding the impact of Authorised Push Payments (APP) fraud. The project was released in partnership with Cardaq and We Fight Fraud. The documentary aims to explore how fraudsters pilfer money from the innocent. The documentary, entitled The… Read More

September 20, 2024 @ 9:38 am By JD Alois  |  

ICAN, or the Investors Choice Advocacy Network, is reporting its first legal victory over the Securities and Exchange Commission (SEC). Founded by attorney Nick Morgan, ICAN is “dedicated to serving as a legal advocate and voice for small investors and entrepreneurs whose efforts are too often… Read More

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

September 19, 2024 @ 11:40 am By JD Alois  |  

Fintech Raisin is a savings platform that streamlines the process of uncovering the best savings rates on the market. Yesterday, the US Federal Reserve slashed benchmark rates by 50 basis points – a larger move than many expected. Today, markets are rallying as observers believe… Read More

September 19, 2024 @ 11:28 am By JD Alois  |  

Last week at the Digital Commonwealth’s Mansion House Summit Series, Tom Kiddle, co-founder of Palisade – a digital asset custody firm, spoke about his opinion on MiCA. Palisade is a regulated firm based in France. The European Union has approved MiCA, or Markets in Crypto Assets regulation. MiCA aims… Read More

September 19, 2024 @ 10:59 am By JD Alois  |  

Rari Capital has settled charges by the Securities and Exchange Commission (SEC), which claims the firm engaged in unregistered crypto offerings, misleading investors and acting as an unregistered broker. This is another victory in the SEC’s ongoing battle with digital asset firms and offerings that… Read More

September 18, 2024 @ 3:20 pm By JD Alois  |  

The US Federal Reserve, Federal Open Market Committee (FOMC), has decided to cut benchmark rates by 50 basis points – the first cut in four years. The Fed said it is not on any pre-set course but felt its restrictive policies had the desired impact… Read More

September 18, 2024 @ 12:30 pm By JD Alois  |  

In what may be a heated meeting of the House Financial Services Committee, SEC Chairman Gary Gensler is scheduled to testify next week in a hearing on the Oversight of the Securities and Exchange Commission. While the hearing memo nor prepared testimony is yet available,… Read More