December 8, 2023 @ 9:55 am By JD Alois  |  

This week, the Chief Executives of the largest banks in the United States visited with the US Senate Banking Committee for the Annual Oversight of Wall Street Firms. Much of the discussion revolved around the “Basel 3 End Game” (B3E) a new set of banking… Read More

December 8, 2023 @ 8:45 am By JD Alois  |  

Tether, the largest dollar-referenced stablecoin issuer by market cap, says it is working with El Salvador on its “Adopting El Salvador Freedom Visa Program.” The Visa program aims to attract individuals who will help boost the economy of the Central American country. The program is… Read More

December 7, 2023 @ 10:50 am By JD Alois  |  

Digital asset firm Taurus SA is expanding into Germany. The firm is regulated in Switzerland by FINMA and provides an infrastructure to issue, custody, and trade any digital assets, including cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus also operates a marketplace for private assets… Read More

December 7, 2023 @ 3:00 am By JD Alois  |  

FinTech Scotland has announced the launch of the Financial Regulation Innovation Lab (FRIL). The project is predicted to shape the regulatory landscape for financial services in the UK as well as around the world. The Lab was created in partnership with the University of Strathclyde… Read More

December 6, 2023 @ 5:21 pm By JD Alois  |  

Today, Chairman Gary Gensler announced an update to the Securities and Exchange Commission’s regulatory agenda for the fall of 2023. While we have not compared with the prior iteration, topics like Reg D and Accredited Investor definition,  12-g rules and ATS updates are still on… Read More

December 6, 2023 @ 4:11 pm By JD Alois  |  

Republic Note is now trading on INX, according to an email distributed by Republic. The digital security is designed to enable investors to participate in the gains generated from the issuers who have raising money on Republic and delivered a return for the portfolio. According… Read More

December 6, 2023 @ 10:30 am By JD Alois  |  

  While many P2P lenders have fallen to the wayside or moved on to accepting only institutional funding, Folk2Folk perseveres with its original mission. Today, Folk2Folk claims the title of the UK’s largest peer-to-peer lending platform in terms of cumulative lending, having facilitated £653 million… Read More

December 6, 2023 @ 10:06 am By JD Alois  |  

Birchal, the leading securities crowdfunding platform in Australia (Crowd-sourced Funding in Aussie-speak), says it is on track to completing its most active quarter to date. According to the company, Q4 has seen 25 successful funding rounds and the platform is nearing A$ 200 million in… Read More

December 5, 2023 @ 7:53 pm By JD Alois  |  

Brazilian Fintech Inter&Co. says it has now surpassed 30 million users, an increase of 24% year over a year. Inter&Co. is a “super app” that provides a range of financial services like payments, credit, insurance and investments. João Vitor Menin, CEO of Inter&Co, said the… Read More

December 5, 2023 @ 4:55 pm By JD Alois  |  

Congressman Patrick McHenry, a Republican from North Carolina and current Chairman of the House Financial Services Committee, has announced his intent not to seek re-election to the seat in Congress he has held for 20 years. In a statement posted on the Congressman’s website, he… Read More

December 5, 2023 @ 12:17 pm By JD Alois  |  

LendInvest founder and former CEO Christian Faes, and Faes and Co., have announced a new private credit fund for real estate bridge loans. The goal is to raise up to $100 million. LendInvest is a publicly traded Fintech that enables developers/builders to raise money to… Read More

December 5, 2023 @ 11:05 am By JD Alois  |  

Chip, an early-stage Fintech, has returned to Crowdcube to raise another funding round. In 2021, it was reported that Chip raised £11.5 million in a funding round listed on Crowdcube. At that time, Chip saw almost 13,000 investors support the firm in an equity offering… Read More

December 4, 2023 @ 1:26 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) returned to meet this past week with the definition of an Accredited Investor at the top of the list for discussion. The SBCFAC provides guidance to the Commission on issues that impact smaller firms, which frequently… Read More

December 4, 2023 @ 10:15 am By JD Alois  |  

Okoora is reporting a new office in Cyprus as it looks to broaden its services across the European Union. Okoora describes itself as a Swiss-Israeli Fintech that provides an Automated Business Currency Management (ABCM) service. This service is said to incorporate Artificial Intelligence (AI) to… Read More

December 4, 2023 @ 9:30 am By JD Alois  |  

Regulation Crowdfunding, or Reg CF, experienced a solid month during November. A total of 135 new issuers sought to raise money under the exemption, generating $55.2 million in investor commitments. Crowdfund Capital Advisors (CCA) monthly update shares that November offerings increased from the previous month… Read More

December 4, 2023 @ 8:55 am By JD Alois  |  

Bitcoin has experienced a resurgence in interest in anticipation of a possible Exchange Traded Fund (ETF) approval as multiple firms are poised to move quickly and offer a spot ETF if approved by the Securities and Exchange Commission (SEC). While the SEC has long battled… Read More

December 1, 2023 @ 5:32 pm By JD Alois  |  

DealMaker, a broker-dealer specializing in online capital formation – mainly for exempt securities offerings, has shared some information on performance during the months of September and October. While venture capital markets have been somewhat subdued, there has been anecdotal information that issuers raising money online… Read More

December 1, 2023 @ 5:18 pm By JD Alois  |  

The House Financial Services Committee has announced a “field hearing” scheduled to take place in Little Rock, Arkansas. The hearing is entitled “Connecting Communities: Building Innovation Ecosystems Across America,” led by the Digital Assets, Financial Technology and Inclusion Subcommittee. The hearing will commence at 10… Read More

December 1, 2023 @ 5:11 pm By JD Alois  |  

Swift says it has finally brought 24/7 global payments to life for transfers destined to Europe. According to a statement by Swift, the European Payment Council’s One-Leg-Out Instant Credit Transfer scheme (OCT Inst), now enables payments to and from Europe to be processed 24 hours… Read More

December 1, 2023 @ 4:27 pm By JD Alois  |  

Kognitos,  a company that is working on AI [artificial intelligence] for business automation, has raised $20 million in a Series A round led by Khosla Ventures. Existing investors also participated in the funding round. To date, Kognitos reports $30 million in money raised. This funding… Read More