September 28, 2023 @ 11:58 am By JD Alois  |  

Apple (NASDAQ:AAPL) is extending its Fintech services by enabling real-time connections to bank accounts in the UK, and displaying balances in the Apple Wallet. The UK has emerged as a leader in open banking technology, which means financial firms are required to provide access to… Read More

September 28, 2023 @ 11:42 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Pedram Abraham Mehrian and two companies he controlled with allegations of conducting a multi-year Ponzi-like scheme. The SEC claims that Mehrian misled investors who purchased $17.5 million in promissory notes. The SEC claims that Mehrian and two… Read More

September 28, 2023 @ 9:22 am By JD Alois  |  

  European online investment platform EstateGuru has signed an agreement with Crowd Credit in Japan, where the platform will invest up to €10 million in projects listed on the EstateGuru platform. EstateGuru, based in Estonia, is an online lending platform that allows any investor to… Read More

September 28, 2023 @ 8:53 am By JD Alois  |  

Coinbase International Exchange (NASDAQ:COIN) has been approved by the Bermuda Monetary Authority (BMA) to enable perpetual futures for eligible non-US retail customers in certain jurisdictions, according to a statement by the company. Coinbase said it will begin to offer perpetual futures trading in the next… Read More

September 27, 2023 @ 4:19 pm By JD Alois  |  

Boxabl, a serial issuer that has utilized online securities offerings multiple times, has raised $3.26 million in less than nine hours, according to an X. The funding round is leveraging Reg CF and managed with the services of DealMaker, a broker-dealer and tech platform that… Read More

September 27, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

September 27, 2023 @ 10:14 am By JD Alois  |  

In the minutes before the testimony by SEC Gary Gensler in front of the House Financial Services Committee, the leadership has distributed a letter pounding Chair Gensler on the “cumulative impact” of the SEC’s rulemakings during his tenure. The Republican leadership demands that Gensler “ahalt… Read More

September 27, 2023 @ 9:55 am By JD Alois  |  

  Today, commencing shortly, SEC Chair Gary Gensler will testify in front of the House Financial Services Committee. You can expect a good grilling of Chair Gensler as the Republic-controlled Committee has pushed against his aggressive rule-making agenda that has propelled the SEC into the… Read More

September 26, 2023 @ 8:59 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has penalized Bobbob Pty for its representations about a crypto-asset-linked investment product. Bobbob has settled the claims by paying $53,280 to comply with ASIC’s “infringement notices.” In a statement, ASIC explained that it was concerned that Bobbob made… Read More

September 26, 2023 @ 3:41 pm By JD Alois  |  

The Small Business and Entrepreneurship Council (SBE Council) has issued a statement hammering the Federal Trade Commission (FTC) and its legal assault on Amazon. Earlier today, the FTC sued Amazon for “illegally maintaining monopoly power.” The FTC claims that  Amazon has pursued a “pattern of… Read More

September 26, 2023 @ 11:08 am By JD Alois  |  

Fintech-focused venture capital firm Luge Capital is reporting it has raised $71 million for its second fund to invest in Fintechs in both the US and Canada. Fund investors include returning investors CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarité FTQ, and new investor Inovia Discovery Fund I. Founded… Read More

September 26, 2023 @ 10:40 am By JD Alois  |  

Online business lender service Biz2X has partnered with TAB Bank, a Utah-based digital ban that targets SMEs. Biz2X is a subsidiary of Biz2Credit Inc., an online direct lender. Rick Bozzelli, President and CEO of TAB Bank, said the partnership will help them streamline their business lending… Read More

September 26, 2023 @ 9:14 am By JD Alois  |  

Mangopay, a very successful European Fintech, has revealed a partnership with publicly traded VTEX (NYSE: VTEX), according to a company statement. VTEX is a digital commerce platform that serves big companies with more than 2600 customers. Mangopay is a payments infrastructure firm that has garnered… Read More

September 25, 2023 @ 9:42 pm By JD Alois  |  

Nubank (NYSE:NU) says it has received a significant increase in the A/B loan provided by the International Finance Corporation (IFC) – part of the World Bank. Previously, the IFC had committed $150 million. Today, the amount has jumped to $265.1 million which should help fuel… Read More

September 25, 2023 @ 5:44 pm By JD Alois  |  

Speaking at the beginning of last week’s meeting of the Investor Advisory Committee (IAC), SEC Commissioner Hester Peirce went to bat for smaller firms and private securities issuers – once again. The SEC is currently considering making the definition of an Accredited Investor more rigorous…. Read More

September 25, 2023 @ 4:07 pm By JD Alois  |  

The Securities and Exchange Commission has charged Matthew Motil with allegations he operated a Ponzi like scam that pilfered $11 million from 50 investors. Motil, based in North Olmstead, Ohio, ran a podcast called “The Cash Flow King.” According to the SEC’s complaint, Motil promoted… Read More

September 25, 2023 @ 12:33 pm By JD Alois  |  

Raisin, a German Fintech that has built a marketplace for savings vehicles allowing users to find the best rates available, is reporting “record growth” during a period of super high interest rates. The European Central Bank, the Bank of England, and the US Federal Reserve… Read More

September 25, 2023 @ 12:05 pm By JD Alois  |  

Securities and Exchange Commission Chair Gary Gensler will traverse up to Capitol Hill this week to testify in front of the House Financial Services Committee in what could be a fairly robust hearing. The hearing memo includes a litany of issues that Chair Gensler is… Read More

September 25, 2023 @ 9:00 am By JD Alois  |  

American Express (NYSE:AXP) has announced a new cash management service available for SMEs. According to a release from the company, the new feature is available for business card users and aims to help them efficiently manage their cash flows, plan future finances through external account… Read More

September 22, 2023 @ 10:24 am By JD Alois  |  

During the Securities and Exchange Commission’s meeting of the Investor Advisory Committee (IAC) yesterday (September 21, 2023), a representative from the Angel Capital Association (ACA) gave a compelling presentation advocating on behalf of his industry and why we need more Accredited Investors and NOT fewer…. Read More