February 16, 2024 @ 12:05 pm By JD Alois  |  

Crédit Agricole Consumer Finance has announced the acquisition of Pledg, a provider of buy now pay later (BNPL) services. Terms of the deal were not revealed. Pledg was founded in 2016 aiming to serve companies operating in B2C/B2B and financial institutions wishing to launch their own… Read More

February 16, 2024 @ 11:44 am By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, jumped considerably higher today following the release of its Q4 and full year 2023 results. The company beat analyst expectations delivering a profit – the first in several years. Currently, Coinbase shares are trading… Read More

February 16, 2024 @ 10:58 am By JD Alois  |  

Online lending platform LendInvest says it will now offer 90% LTV two-year fixed mortgages for first-time home buyers. LendInvest’s Residential Mortgages are said to have stretched LTIs up to 6.49x, to support homebuyers to borrow enough for their first home. Paula Mercer, Head of Sales… Read More

February 16, 2024 @ 9:41 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has penalized Van Eck, an exchange-traded fund (ETF) and mutual fund manager, for not disclosing the role of an “influencer” in the launch of a new ETF. The specific ETF was the VanEck Social Sentiment (VEAC) ETF (NYSE:BUZZ). Van… Read More

February 15, 2024 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a final judgment against She Beverage and its principles, including Lupe L. Rose, Sonja F. Shelby, and Katherine E. Dirden. The charges pertain to a suit filed by the SEC in 2021. Approximately 2000 investors were impacted… Read More

February 15, 2024 @ 12:43 pm By JD Alois  |  

Data pertaining to online capital formation, or crowdfunding, can be hard to come by. Several providers provide good numbers when it comes to Regulation Crowdfunding (Reg CF), but when it comes to Reg A+ and Reg D 506c – it is a bit of a… Read More

February 15, 2024 @ 12:07 pm By JD Alois  |  

Hindenburg Research, a short seller that pumps its own book after it sells shares, is targeting Banking as a Service (BaaS) provider Temenos (SWX:TEMN). In a report published today, Hindenburg claims that Temenos is manipulating its earnings, hiding accounting irregularities while engaging in “sham partnerships”… Read More

February 15, 2024 @ 11:13 am By JD Alois  |  

EuroCrowd is looking for four equity crowdfunding platforms to better understand their needs in regard to Intellectual Property (IP). According to a blog post, EuroCrowd, working with the European Union Intellectual Property Office (EUIPO) is seeking empirical information on platforms and IP. This follows an… Read More

February 15, 2024 @ 10:45 am By JD Alois  |  

Money laundering facilitated by crypto and the platforms that enable digital asset transactions exp[experienced a notable decline in 203 when compared to the year prior. According to a report by Chainalysis, in 2023, $22.2 billion was laundered in contrast to $31.5 billion laundered in 2022…. Read More

February 15, 2024 @ 9:19 am By JD Alois  |  

Robinhood (NASDAQ: HOOD), an online investment platform that aims to enable a more tech-advanced group of investors, is touting its ability to trade single securities around the clock. Robinhood states that it is the only US brokerage to facilitate trading 24/5 (not quite every day… Read More

February 15, 2024 @ 8:15 am By JD Alois  |  

Mondelēz International (Nasdaq: MDLZ) is the next corporate to join the Hedera Council. The company makes well-known brands like Toblerone, Oreo, Ritz, and more, generating more than $31 billion in revenue annually. The company has a market cap of almost $100 billion. Hedera is the… Read More

February 14, 2024 @ 6:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has received a court order to enforce a subpoena targeting two crypto promoters who participated in the NovaTech investment program. The US District Court for the Northern District of Texas granted the SEC’s request for documents issued… Read More

February 14, 2024 @ 5:30 pm By JD Alois  |  

The Securities and Exchange Commission has submitted a rule change that will slightly increase the amount of money that can be committed to a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act). The increase would raise the cap from… Read More

February 14, 2024 @ 4:37 pm By JD Alois  |  

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

February 14, 2024 @ 10:14 am By JD Alois  |  

DealMaker, a tech-enabled broker-dealer specializing in online capital formation, has announced a new Chief Marketing Officer (CMO), Jonathan Stidd. DealMaker co-founder and CEO Rebecca Kacaba said that Stidd’s track record of working with issuers to raise over $600 million has helped to define the crowdfunding… Read More

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

February 13, 2024 @ 4:09 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF)  has revealed the Cambridge Digital Money Dashboard (CDMD). The Centre is part of the Cambridge Judge Business School, University of Cambridge. CCAF is the leading independent research group covering the world of Fintech, including digital assets. The… Read More

February 13, 2024 @ 9:28 am By JD Alois  |  

Seedrs, a securities crowdfunding platform operating in the UK and continental Europe, has shared some numbers for platform performance during the month of January. Seedrs reports that it listed 13 primary securities offerings during the month. When you combine private deal room activity and secondary… Read More

February 12, 2024 @ 2:44 pm By JD Alois  |  

Bitcoin (BTC) traded above $50,000 today for the first time in a long time. Not since the end of 2021 has Bitcoin traded above this key mark – topping $64000 – its all time high. Bitcoin is the most popular crypto and the only one… Read More

February 12, 2024 @ 10:37 am By JD Alois  |  

Apple (NASDAQ:AAPL), one of the largest Fintechs in the world as well as one of the largest tech firms globally, is expected to soon offer virtual credit cards in a future update of the iOS for iPhone users. 9to5Mac, referencing a Reddit thread for beta… Read More