December 1, 2023 @ 10:02 am By JD Alois  |  

Yesterday, the UK government announced a “world’s first” agreement with big tech to help battle online fraud, the most common type of crime in the country. The UK government is partnering with the likes of Amazon, eBay, Facebook, Google, Instagram, LinkedIn, Match Group, Microsoft, Snapchat,… Read More

December 1, 2023 @ 9:33 am By JD Alois  |  

Neobank Bluevine is reporting that it has topped $1 billion in deposits for its SME banking customers. The Fintech provides FDIC-covered accounts in partnership with Coastal Community Bank. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank. Bluevines states that accounts have… Read More

November 30, 2023 @ 4:12 pm By JD Alois  |  

Dalmore Group, one of the fastest growing platforms providing online capital formation in the US, is reporting over $250 million raised in the past five months. The quarter billion dollar plus amount actually totaled $263,954,784, according to a blog post. October was the strongest month,… Read More

November 30, 2023 @ 12:08 pm By JD Alois  |  

Recently, CI received a note from DealMaker indicating that several of their issuers have been recognized by Time magazine as the Best Inventions of 2023. DealMaker is a tech-enabled broker-dealer helping firms to raise capital online utilizing various securities exemptions. This is certainly not the… Read More

November 30, 2023 @ 11:17 am By JD Alois  |  

Valid8 Financial has revealed an $8.5 million Series A funding round led by Silverton Partners. Other investors include, Touchdown Ventures, First Trust, CPA.com and Capital Midwest Roger Chen, a partner with Silverton Partners, will join the board of Valid8. Valid8 claims to be the global… Read More

November 30, 2023 @ 10:38 am By JD Alois  |  

A report this week appears to indicate that Apple (NASDAQ:AAPL) is working with a Fintech in Brazil – perhaps to bring Apple Fintech services to life in the South American country and maybe elsewhere in the region. Braxil has emerged as a hot country for… Read More

November 30, 2023 @ 9:53 am By JD Alois  |  

Republic Note, the profit-sharing digital asset issued by the global investment crowdfunding platform Republic, is scheduled to commence trading next week on December 6, 2023. Republic Note has been a slow-moving digital security project that advances Republic’s mission of providing access to private markets for… Read More

November 30, 2023 @ 9:23 am By JD Alois  |  

LendInvest (LSE:LINV) says it has completed its largest securitization ever at £410 million of mortgage loans (Mortimer BTL 2023-1). This is the fifth securitization completed by the Fintech for BTL (Buy to Let) mortgage loans. LendInvest is a short-term loan originator that has done well… Read More

November 29, 2023 @ 11:34 am By JD Alois  |  

Mixers, or platforms that seek to cover the tracks of crypto movement, are making news again as the US Department of Treasury, Office of Foreign Assets Control (OFAC), has sanctioned Sinbad.io (Sinbad) for helping North Korea (the Democratic People’s Republic of Korea (DPRK)) in its… Read More

November 29, 2023 @ 11:15 am By JD Alois  |  

Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest. Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for… Read More

November 29, 2023 @ 11:02 am By JD Alois  |  

Dojo has received approval to operate with an e-money license (EMI) from the Central Bank of Ireland, according to a statement issued by the company. Dojo offers a multi-cloud-native payments platforms to provide in-person and digital payments solutions alongside features like revenue-based funding and booking… Read More

November 29, 2023 @ 10:33 am By JD Alois  |  

DTCC is reporting that its Alternative Investment Product Services (AIP) has now topped 10,000 unique funds. This is an increase of around 20% when compared to last year. Simultaneously, users of the product have increased by 28% to 2200 clients. DTCC provides post-trade market infrastructure… Read More

November 29, 2023 @ 10:25 am By JD Alois  |  

HM Revenues and Customs (HMRC) has posted guidance on how to pay taxes on the income or gains created by crypto investments. HMRC states: “You must pay the full amount you owe within 30 days of making your disclosure. If you do not, HMRC will… Read More

November 29, 2023 @ 9:40 am By JD Alois  |  

Investment platform Prosper has topped £700,000 on Crowdcube in a securities offering that is raising growth capital at a pre-money valuation of £12,135,385. According to the offering page, The EIS-qualified equity offering has received the backing of 197 investors. The per-share price is £29.50 with… Read More

November 29, 2023 @ 8:43 am By JD Alois  |  

Multiple reports have emerged that Apple (NASDAQ:AAPL) has cut a deal with Goldman Sachs (NYSE:GS) to exit its partnership regarding the popular Apple Card. The rumblings indicate that Apple approached Goldman to end the partnership. Apple has been pushing into Fintech for years now, and… Read More

November 29, 2023 @ 8:14 am By JD Alois  |  

Cairnspring Mills has raised over $1 million on Steward in just one hour, receiving the backing of 196 investors, according to a note from the platform. Cairnspring Mills went on to raise $2.8 million. Cairnspring Mills is a “craft flour mill” located in Washington’s Skagit… Read More

November 28, 2023 @ 4:14 pm By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology, and Inclusion, part of the House Financial Services Committee, has announced a hearing addressing innovation in financial services. The hearing is entitled: “Fostering Financial Innovation: How Agencies Can Leverage Technology to Shape the Future of Financial Services” The hearing… Read More

November 28, 2023 @ 3:57 pm By JD Alois  |  

Honeycomb, a FINRA-regulated funding portal, has topped the list of platforms with the most Reg CF (Regulation Crowdfunding) filings for the first time (as far as we know). In recent times, Wefunder and StartEngine have typically been in the running for the most offerings filed… Read More

November 28, 2023 @ 12:07 pm By JD Alois  |  

FINRA (Financial Industry Regulatory Authority) has launched a new section of its website to cover its work on crypto or digital assets. FINRA is the entity that oversees all of the broker-dealers in the US. As there are over  624,000 brokers across the country, the… Read More

November 28, 2023 @ 10:57 am By JD Alois  |  

CapitalOS is reporting $39 million in funding as the startup exits stealth mode. According to a statement issued by the company, the capital infusion is a combination of both debt and equity capital. CapitalOS did not provide a breakdown. The funding was led by Group… Read More