May 5, 2022 @ 10:53 am By JD Alois  |  

COVID, war, inflation, rising interest rates … the global economy is being hammered from multiple directions right now. After years of calm sailing, a global pandemic marked a dramatic change in markets that have endured a growing list of geopolitical and economic challenges. Like all… Read More

May 5, 2022 @ 10:30 am By JD Alois  |  

Binance, the largest crypto exchange in the world, is now registered with the French Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP). According to the AMF, Binance France is registered to offer: Digital assets custody Purchase/sale of digital assets for legal… Read More

May 5, 2022 @ 10:14 am By JD Alois  |  

BPC will help Mexican company Up Sí Vale by providing end-to-end payment services, according to a statement by the company. Up Sí Vale is a prepaid card issuer serving over 4 million customers throughout Mexico.  Up Sí Vale offers a range of prepaid “all-in-one” services… Read More

May 5, 2022 @ 9:24 am By JD Alois  |  

Keewe, a French Fintech in the eco sector, has raised €1.25 million for its mission to support SMEs and carbon reduction. The capital infusion cam from “selected business angels,” including Guillaume Amblard, (also Ledger, Lendable) and former head of trading and quantitative research at BNP… Read More

May 5, 2022 @ 9:10 am By JD Alois  |  

The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More

May 5, 2022 @ 8:41 am By JD Alois  |  

  Binance, the world’s largest crypto exchange, is part of a long list of big investors who have committed capital to Elon Musk’s acquisition of Twitter (NYSE:TWTR). According to a filing with the Securities and Exchange Commission (SEC), Binance has promised $500 million in equity… Read More

May 4, 2022 @ 10:29 pm By JD Alois  |  

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

May 4, 2022 @ 5:35 pm By JD Alois  |  

Masa Finance, described as a “first of its kind” credit protocol that “bridges the gap between CeFi and DeFi,” has raised a $3.5 million pre-seed round. The funding was backed by Unshackled Ventures, executives from GoldenTree Asset Management, Flori Ventures, GSR, Decentranet, Intersect VC, Lateral… Read More

May 4, 2022 @ 4:54 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced charges and a court-ordered asset freeze against two individuals who allegedly generated over $12 million by engaging in a ploy to “deceptively obtain stock pick information” from Motley Fool subscription services before it was disseminated to its… Read More

May 4, 2022 @ 3:34 pm By JD Alois  |  

As was widely anticipated, the Federal Reserve raised its benchmark rate by 50 basis points. Simultaneously, the Fed said it would be significantly reduce its balance sheet as it battles fast-rising inflation. The increase was the largest increase since 2000. In the Federal Open Market… Read More

May 4, 2022 @ 3:18 pm By JD Alois  |  

Two of the most successful investment crowdfunding platforms, Wefunder and StartEngine, have been hit with penalties by FINRA. According to a statement by FINRA, Wefunder has been assessed with a $1.4 million fine and StartEngine must pay $350,000 in regards to failing to comply with… Read More

May 4, 2022 @ 12:34 pm By JD Alois  |  

NowRX, a pharmaceutical delivery service and digital health platform, has now topped $20 million on SeedInvest – making it the biggest raise on the securities crowdfunding platform to date. As has been previously reported, NowRX is offering preferred equity at a pre-money valuation of $275… Read More

May 4, 2022 @ 10:53 am By JD Alois  |  

Meshwap, decentralized exchange (DEX), has launched on Polygon reporting one million-plus users accessing its DeFi ecosystem. Polygon is a platform for Ethereum scaling and infrastructure development claiming 7000+ applications hosted, over 3.4 billion total transactions processed, and about 135M+ unique user addresses. Meshswap is an… Read More

May 4, 2022 @ 10:35 am By JD Alois  |  

EstateGuru, a European investment platform providing access to short-term property-backed loans, has returned to Seedrs once again to raise additional growth capital. According to the offering page, EstateGuru has cruised past its €500,000 initial target, having raised almost €1.2 million as of this writing. EstateGuru… Read More

May 4, 2022 @ 10:08 am By JD Alois  |  

LGT Bank, based in Liechtenstein, has enlisted the assistance of SEBA Bank to provide digital asset trading and custody for Bitcoin and Ethereum. LGT stated in a release, that additional cryptocurrencies will be added going forward, contingent upon client demand. SEBA Bank, based in Switzerland,… Read More

May 4, 2022 @ 9:41 am By JD Alois  |  

Zilch, a UK-based buy now, pay later (BNPL) credit provider, has joined the US-based Financial Technology Association (FTA) in advance of an expansion into the US. According to a note from the FTA, the advocacy group now has 20 Fintechs as members from diverse sectors… Read More

May 4, 2022 @ 9:15 am By JD Alois  |  

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

May 3, 2022 @ 7:07 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… Read More

May 3, 2022 @ 5:34 pm By JD Alois  |  

Pelion Venture Partners has announced a Medici Ventures Day. Pelion Venture Partners is the general partner of the fund that Overstock (NASDAQ: OSTK) enlisted to take over Medici Ventures, the former part of the business that oversaw tZERO as well as its other blockchain based… Read More

May 3, 2022 @ 11:20 am By JD Alois  |  

Last year was a big one for the SPAC [special purpose acquisition company] market. Reportedly, 613 SPAC offerings were floated on an exchange easily topping 420 traditional initial public offerings. Since the beginning of 2022, SPAC offerings have slowed to around 62 so far. SPACs… Read More