December 15, 2023 @ 11:24 am By JD Alois  |  

The ERC3643 Standard has achieved Final Status in the Ethereum Improvement Proposal (EIP), according to a note from Tokeny. Tokeny is a digital asset enabler that is focused on digital securities. The company has already partnered on billions of dollars of issued securities. This past… Read More

December 15, 2023 @ 11:08 am By JD Alois  |  

UK-based Seedrs, now a part of Republic, is poised to expand its services across the European Union. Previously, Seedrs has listed issuers based in the EU, but needed to dance around jurisdictional rules in each member state. Now, with the advent of ECSPR – or… Read More

December 15, 2023 @ 10:50 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a statement on the denial of a petition pursued by Coinbase (NASDAQ:COIN) in regard to a demand to craft specific rules for digital assets. In 2022, Coinbase announced a formal petition asking the SEC to:… Read More

December 14, 2023 @ 11:41 am By JD Alois  |  

In the long run, investment crowdfunding will be judged by the returns delivered to investors. As CI has consistently stated, online capital formation must work for all three constituent stakeholders in the process: Issuers (firms) must be able to raise the money they need; Platforms… Read More

December 14, 2023 @ 9:43 am By JD Alois  |  

Renewable/green investment crowdfunding platform Trine has been approved under new European Union rules to sell securities across all member states. ECSPR, or European Crowdfunding Service Provider Regulation, is now in place, enabling platforms to sell securities online across the EU. To be able to provide… Read More

December 14, 2023 @ 9:11 am By JD Alois  |  

Tokeny, a top digital asset enabler based in Europe, has received a strategic investment from Apex Group. The terms of the deal were not revealed, with Apex being labeled the “strategic lead” in the round, which did not mention other investors. Tokeny provides a compliant… Read More

December 13, 2023 @ 4:08 pm By JD Alois  |  

KingsCrowd, a data and analytics provider in the investment crowdfunding sector, has announced the acquisition of Lawcloud. Lawcloud has been a longtime entry in the Legaltech sector of crowdfunding by providing a partially automated service for issuers to file their required documents to the Securities… Read More

December 13, 2023 @ 3:20 pm By JD Alois  |  

Dalmore Group, a regulated broker-dealer active in online capital formation, has announced a new service labeled Dalmore Connect. The goal is to simplify the process of launching an online securities offering even simpler. Under the various securities crowdfunding exemptions, companies may raise money online in… Read More

December 13, 2023 @ 3:07 pm By JD Alois  |  

Latin American Fintech Bitso says it facilitated USD $8 billion in payments during 2023. Bitso said this represents a 60% increase versus 2020. The company claims that it provides services to more than 1700 companies leveraging blockchain technology to provide global transfers, payouts, and other… Read More

December 13, 2023 @ 1:20 pm By JD Alois  |  

Rising interest rates, banking trauma, government spending, and geopolitical strife have caused private money to hit the pause button when it comes to investing. CI has reported repeatedly that private equity and venture capital have cratered in the last year. And it makes sense. Why… Read More

December 13, 2023 @ 12:30 pm By JD Alois  |  

Upgrade has announced a new type of card – a “secured credit card,” the Secured OneCard, that aims to support individuals who struggle to get credit or underbanked individuals. In a company statement, Upgrade said the new product will incorporate a savings account that will… Read More

December 13, 2023 @ 10:46 am By JD Alois  |  

SaveLend Group AB has announced the appointment of Jenny Gabrielsson as its new Chief Financial Officer. She will replace Jonas Ahlberg, who will remain with the company, continuing as Deputy CEO. SaveLend offers a savings platform (SaveLend) and the billing platform Billecta. SaveLend offers peer-to-peer… Read More

December 13, 2023 @ 10:28 am By JD Alois  |  

B2B payments platform Melio has announced real-time payments for their customers. For their business clients, there is an option for payments to be immediate instead of waiting days or the invoice due date. Matan Bar, Melio’s CEO and co-founder, says that consumers have utilized real-time… Read More

December 13, 2023 @ 10:03 am By JD Alois  |  

The British Business Bank has added to an existing ENABLE Build Facility to United Trust Bank (UTB) increasing the amount by £100 million. Now, the total facility is at £350 million. According to the British Business Bank, UTB has now provided £830 million to smaller… Read More

December 12, 2023 @ 9:41 pm By JD Alois  |  

Artificial intelligence (AI) and machine learning (ML) startup Chalk has raised $10 million in a Seed round, according to a note from the firm. The funding was led by General Catalyst, Unusual Ventures, and Xfund. In a blog post, Unusual Ventures explained the qualities that… Read More

December 12, 2023 @ 5:49 pm By JD Alois  |  

Wefunder, a top Funding Portal focusing on the Reg CF market, has announced a new service aimed at regular investors VIP membership. According to Wefunder, VIP members may benefit from better terms on securities offerings or perhaps a 10% bonus equity in certain investments. For… Read More

December 12, 2023 @ 10:07 am By JD Alois  |  

In a settlement with the State of New York, crypto exchange KuCoin has admitted that it operates a crypto trading platform that is effectively providing a service where users can buy or sell securities and commodities as defined by the State of New York. KuCoin… Read More

December 12, 2023 @ 9:01 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has been pounded the drums for some time now on the interest earned by consumers on cash balances held on various platforms. While interest rates have risen dramatically in the past couple of years, many financial institutions have been… Read More

December 12, 2023 @ 8:39 am By JD Alois  |  

OurCrowd, a top venture investor in Israel that offers smaller investors the opportunity to participate in VC rounds, has backed the funding round for CorrActions. According to a statement by Israel-based CorrActions, the funding was led by Volvo Cars Tech Fund, along with BlackBerry, and… Read More

December 12, 2023 @ 2:00 am By JD Alois  |  

Aria, a Fintech based in France that is a payments and credit platform, has raised €15 million in funding, according to a note from the company. 13books Capital led the funding round with the participation from Adevinta Ventures, Otium Capital, Ankaa Ventures, and individual investors,… Read More