May 15, 2024 @ 7:07 pm By JD Alois  |  

A report shared at the most recent meeting of the SEC’s Small Business Capital Formation Access Committee (SBCFAC) on women and minority-owned businesses participating in Reg CF (Regulation Crowdfunding) provides an update on exits for firms utilizing the securities exemption. Authored by Melody Change, PhD,… Read More

May 15, 2024 @ 6:04 pm By JD Alois  |  

According to a corporate statement, Insurtech Cover Genius has raised a $80 million Series E funding round. Spark Capital led the round, which was supported by existing investors Dawn Capital, King River Capital, and G Squared. Cover Genius said that it has experienced 107% year-over-year… Read More

May 15, 2024 @ 4:57 pm By JD Alois  |  

The Hashgraph Association (THA) has revealed a partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio. The goal is to support regulatory compliant DeFi solutions and digital assets leveraging Hashgraph. The Venture Studio will commit $50 million to startups over the… Read More

May 15, 2024 @ 10:34 am By JD Alois  |  

Nets, part of Nexi Group – a Paytech, has formed a partnership with Klarna to offer buy now pay later (BNPL) services. Nets is an AI-powered global payments network and shopping assistant. Klarna works with over half a million global retailers to facilitate transactions and… Read More

May 15, 2024 @ 10:27 am By JD Alois  |  

LendInvest, a Fintech offering financing for property developments, has boosted its BTL (Buy to Let) product and mortgages for homebuyers. According to the company, it has expanded its BTL product range with 80% LTV, and reduced rates by up to 15bps across itsrange, with rates… Read More

May 14, 2024 @ 1:13 pm By JD Alois  |  

Stating they are one of the very few VC firms that are truly global, Accel is reporting that it is raising a $650 million fund to support early-stage ventures in Europe and Israel. Accel opened its London office in 2000 as one of the first… Read More

May 14, 2024 @ 9:25 am By JD Alois  |  

Invesdor, one of the oldest securities crowdfunding platforms in Europe, says it has funded the largest sustainability securities online offering in Europe. According to the platform, the Fryslân wind farm in the Netherlands raised €6 million in just one day. The securities offering went on… Read More

May 13, 2024 @ 6:53 pm By JD Alois  |  

Securities crowdfunding platform SeedBlink is touting its ESOP, or Employee Share Ownership Plans, tool as generating “spectacular effects.” According to the company, over 2500 firms in Europe are using the tool. Radu Georgescu, chairman of the Board of SeedBlink, says ESOPs provide an opportunity for employees… Read More

May 13, 2024 @ 12:21 pm By JD Alois  |  

Top Fintech VC firm QED Investors has participated in a funding round of Aplazo, a Mexico-based buy now pay later (BNPL) firm. According to a release, Aplazo has closed on an additional $70 million in funding inclusive of a $45 million Series B round. QED… Read More

May 13, 2024 @ 10:39 am By JD Alois  |  

FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDQ:FAT) has been hit with allegations of fraud. This past Friday, the Securities and Exchange Commission (SEC) filed fraud charges against FAT, its former CEO and current Chairman, Andrew Wiederhorn, and its former CFOs, Ron Roe and Rebecca Hershinger,… Read More

May 13, 2024 @ 9:35 am By JD Alois  |  

GenoCrowd, a real estate investment platform that provides developers with access to capital, is reporting that a recent offering opened to investors has quickly sold out. According to an email, the Eisenbahnstrasse, Leipzig project, which went live on April 30th with a funding goal of… Read More

May 10, 2024 @ 5:47 pm By JD Alois  |  

The Financial Innovation and Technology for the 21st Century (FIT21) Act is taking another step forward in a process to provide new rules to oversee the emerging digital asset ecosystem. The House Rules Committee has agreed to a floor vote, which is expected to take place… Read More

May 10, 2024 @ 2:50 pm By JD Alois  |  

BlackStar (OTC Pink:BEGI) reports that it has patented a process to trade securities using blockchain technology. BlackStar is a microcap trading on OTC Markets Pink segment. Its market cap is currently around $3.8 million. BlackStar also operates Blockchain Equity Management Corp. (BEMC). The company aims… Read More

May 10, 2024 @ 10:59 am By JD Alois  |  

Bitso, a Latin American digital asset platform, has announced a new digital wallet, which will be made available to its users beginning May 13th. According to a statement distributed by the firm, the Bitso Web3 Wallet has been created to interact with Web3 applications (dApps)… Read More

May 10, 2024 @ 9:17 am By JD Alois  |  

Call it fate or luck, but most FTX customers and creditors will receive their money back after the firm filed for bankruptcy protection. FTX, under the management of liquidators, said that 98% of FTX creditors would receive at least 118% of allowed claims. Other creditors… Read More

May 9, 2024 @ 3:39 pm By JD Alois  |  

Stripe, a global Fintech that is a huge e-commerce and payments player, has issued a post that retail investors should be careful about claims they can invest in their shares. Stripe is a private company that may never go public. Today, due to excessive regulation… Read More

May 9, 2024 @ 3:21 pm By JD Alois  |  

Plenty was co-founded by Emily Luk (formerly of Stripe) and Channing Allen (formerly of Homebase) out of personal need. Luk and Allen met while working together at the on-demand payment platform Even, which was acquired by Walmart-owned One. The duo eventually married, and the idea… Read More

May 9, 2024 @ 9:44 am By JD Alois  |  

European crowdfunding leaders will meet this month to discuss the implementation of European Crowdfunding Service Provider regulation (ECSPR) and the Key Investment Information Sheet (KIIS) – a requirement for issuers raising money under the rules. The European Working Group will be meeting for the 2nd… Read More

May 8, 2024 @ 5:19 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD) is reporting “record” revenues of $618 million, up 40% year-over-year, and GAAP Diluted EPS of $0.18 for Q1 of 2024. The modern spin on a brokerage that incorporates crypto said net deposits stood at $11.2 billion with “positive transfers from every major incumbent brokerage… Read More

May 8, 2024 @ 5:06 pm By JD Alois  |  

Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode. The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel…. Read More