June 22, 2023 @ 1:44 pm By JD Alois  |  

The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More

June 22, 2023 @ 12:59 pm By JD Alois  |  

Prime Trust was founded many years ago at the beginning of online capital formation. At one point, it was one of the most important and successful firms in the securities crowdfunding marketplace providing services for just about all the platforms. As digital assets became a… Read More

June 22, 2023 @ 12:33 pm By JD Alois  |  

Bitgo has decided to terminate its preliminary agreement to acquire Prime Trust. Earlier this month, rumors circulated about troubles at Prime Trust, with Bitgo emerging as a white knight to acquire the firm. BitGo had signed a term sheet to acquire the equity of Prime… Read More

June 21, 2023 @ 3:00 pm By JD Alois  |  

D3VC.ai, a new investment and funding platform founded by crowdfunding experts, says it has raised $775,000 in the first week of availability for its inaugural Fund I.  This first fund is looking to raise up to $5 million, which it will invest in approximately 200… Read More

June 21, 2023 @ 2:12 pm By JD Alois  |  

Darren Westlake, co-founder and former CEO of Crowdcube, has joined the board of directors of Crowdfunder, a UK-based rewards platform. According to multiple reports, Westlake will become the “interim chairperson” to help direct the strategy of the platform. Westlake exited Crowdcube earlier this year, passing… Read More

June 21, 2023 @ 1:47 pm By JD Alois  |  

Payments Fintech Volt has raised a $60 million Series B funding round. The company said the backing was indicative of the confidence in the UK Fintech sector. The additional capital will be utilized to expand into new markets, including Asia Pacific and the Americas. At… Read More

June 21, 2023 @ 1:26 pm By JD Alois  |  

The Canadian Securities Administrators (CSA), the entity that represents all provincial/territorial regulators, says some crypto trading platforms are siting relations with bogus regulatory or dispute organizations. These trading platforms are simply trying to burnish their creditability, hoping that an unsuspecting investor may fall for the… Read More

June 21, 2023 @ 1:00 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed an enforcement action against audit firm Marcum LLP regarding its audit work for “hundreds” of SPACs. Marcum has settled the matter without admitting or denying the SEC’s findings, paying a $10 million penalty while agreeing to remedial… Read More

June 21, 2023 @ 12:36 pm By JD Alois  |  

Bitcoin (BTC) has regained a certain amount of luster in recent days.  In the past 24 hours, Bitcoin has risen from over $27,000 to now topping $30K. Much of this crypto exuberance is due to the announcement that BlackRock had filed to launch a Bitcoin… Read More

June 21, 2023 @ 9:44 am By JD Alois  |  

Estate planning is another financial service sector that receives a digital update. Trust & Will is making headway in this area of Fintech, today announcing an agreement with UBS Workplace Wealth Solutions to provide services. Trust & Will will provide the ability to create wills… Read More

June 21, 2023 @ 8:28 am By JD Alois  |  

The former National Relationship Director at Assetz Capital, Mark Davidson, has joined CrowdProperty as Head of Loan Management. CrowdProperty is a real estate crowdfunding platform that provides debt capital for property developments. Assetz Capital is a similar platform that provides property-secured finance for UK SMEs,… Read More

June 20, 2023 @ 5:16 pm By JD Alois  |  

EDX Markets announced the launch of digital asset trading on its marketplace today. Crypto products available for trading include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). While it is not immediately clear if and when other digital assets will be listed, the… Read More

June 20, 2023 @ 4:55 pm By JD Alois  |  

GRIT Capital and DealMaker have formed a new partnership that aims to promote investment opportunities to the GRIT Capital network. According to a company statement, GRIT Capital will introduce its 1.2 million investors to deals powered by DealMaker. The two companies state that by partnering,… Read More

June 20, 2023 @ 11:46 am By JD Alois  |  

ClearScore has expanded into New Zealand. The company reports that it is now serving 19 million users across the UK, South Africa, Australia, Canada, along with New Zealand. ClearScore provides consumers with a website and app to check their credit score and report for free…. Read More

June 20, 2023 @ 10:58 am By JD Alois  |  

Froda is launching a card-based embedded lending solution in Denmark in partnership with digital bank Lunar and Visa. According to a public statement, the launch follows a successful test period, as the company strives to make it faster and cheaper for SMEs to access growth… Read More

June 20, 2023 @ 10:47 am By JD Alois  |  

Eos Advisory LLP  has received a £10 million commitment from British Business Investments, a subsidiary of the British Business Bank. The funding is part of the Regional Angels Programme and will be allocated to invest alongside Eos’s Angel Syndicate and EIS Innovation Fund.  Eos is… Read More

June 20, 2023 @ 10:34 am By JD Alois  |  

Back Market, BNP Paribas Cardif, and bolttech have announced a partnership for the refurbishing market. Back Market is a marketplace enabling the general public to buy thousands of electrical and electronic products that have been reconditioned. bolttech is an international Insurtech, and BNP Paribas Cardif… Read More

June 19, 2023 @ 11:16 pm By JD Alois  |  

Republic, the largest private investment marketplace in the world, has revealed a new partnership with digital securities platform INX (NEO: INXD, INXATS: INX, OTCQB: INXDF). INX is also a FINRA-regulated broker-dealer, ATS (alternative trading system), and transfer agent. As part of the deal, Republic has invested… Read More

June 19, 2023 @ 7:37 pm By JD Alois  |  

Do Kwon, the creator of TerraUSD – LUNA, has been sentenced to four months in the slammer in Montenegro, according to multiple reports. Kwon’s attempt to create an algorithmic stablecoin TerraUSD has been cited as a huge catalyst in the crypto collapse of 2022. The… Read More

June 19, 2023 @ 12:03 pm By JD Alois  |  

Rnwl, an interesting UK-based Insurtech, is raising growth capital on Seedrs. The offering page indicates the Rnwl is offering a 1.79% equity stake at a pre-money valuation of £8.2 million. The company is EIS qualified, a Seedrs Nominee and approved for the Secondary Market. As… Read More