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

June 19, 2023 @ 9:55 am By JD Alois  |  

SeedBlink, a European Union online investment platform, has announced the launch of Nimity – an equity management service. According to SeedBlink, Nimity provides cap-table management, investor governance, and communications to help entrepreneurs and investors manage private securities. The service also enables Employee Stock Ownerhip or… Read More

June 18, 2023 @ 7:09 pm By JD Alois  |  

Initial public offerings have hit the pause button in the past months – at least until recently. Last week, CAVA (NYSE:CAVA), a Mediterranean restaurant concept, successfully floated shares on the NYSE, seeing the shares rocket on the first day of trading. The strong showing in… Read More

June 17, 2023 @ 11:19 am By JD Alois  |  

Earlier today, the SEC revealed that it has received court approval for “emergency relief” from Binance and affiliated entities to require funds impacting US investors to be maintained in the US. The order states that funds must be repatriated and held for the benefit of… Read More

June 17, 2023 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received court approval for emergency relief regarding assets held by Binance for US customers. The SEC states that all defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng… Read More

June 17, 2023 @ 9:44 am By JD Alois  |  

As part of the new European Crowdfunding Service Provider Regulation (ECSPR), which legalizes pan-EU securities crowdfunding, platforms must be approved by the relevant authority in a member state. France, the second largest economy in the EU, has incorporated rules for the approval process and today… Read More

June 16, 2023 @ 7:35 pm By JD Alois  |  

The commercial real estate (CRE) market is struggling a bit as the work-from-home (WFH) movement, combined with the flight of businesses away from certain markets that were once hot, has caused some observers to predict calamity at some point in the not-so-distant future. We have… Read More

June 16, 2023 @ 6:52 pm By JD Alois  |  

Binance is continuing its staggered retreat from another market. According to a Tweet from today, Binance is exiting the Netherlands market as they have been “unable to register as a VASP with the Dutch regulator.” A VASP is a virtual asset service provider, and the… Read More

June 16, 2023 @ 4:11 pm By JD Alois  |  

Cross River Bank says it has surpassed 1 million real-time payments transactions and over $500 million in real-time payments volume in the month of May. Gilles Gade, CEO of Cross River, said the accomplishment represented their embrace of new technologies and delivering Fintech solutions to… Read More

June 16, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC) has posted its agenda for its meeting next week. Established under Dodd-Frank, the IAC is supposed to represent the interests of individual investors, including smaller ones. In the past, the Committee has largely focused on… Read More

June 16, 2023 @ 11:36 am By JD Alois  |  

IndusInd Bank has integrated Wise to enable efficient and low-cost payments and transfers. IndusInd Bank reports a customer base in India of around 34 million, with 2606 Branches/Banking Outlets and 2878 ATMs spread across geographical locations of the country. Wise is a stealth bank that… Read More

June 16, 2023 @ 10:51 am By JD Alois  |  

Italian bank Intesa Sanpaolo has launched a new digital bank Isybank. “With the launch of Isybank, the digital transformation of Intesa Sanpaolo continues, which sees this project as one of the pillars of the 2022-2025 Business Plan”, said Carlo Messina, Managing Director and CEO of… Read More

June 15, 2023 @ 6:22 pm By JD Alois  |  

BlackRock subsidiary iShares has filed an S-1 registration statement for a Bitcoin-based exchange-traded fund (ETF). The iShares Bitcoin Trust aims to reflect the performance of the price of Bitcoin, similar to the other ETFs that have attempted to do the same. To quote the registration… Read More

June 15, 2023 @ 12:20 pm By JD Alois  |  

  Brian Dally, co-founder and CEO of Groundfloor, operates a unique online investment platform for real estate investors. By using the Reg A+ exemption, Groundfloor enables smaller investors to gain access to residential properties – a sector of the market that continues to experience robust… Read More

June 15, 2023 @ 10:42 am By JD Alois  |  

Zilch has opened a new technology hub in Krakow, Poland. The company said the location is a new European Centre for Excellence which will serve as a facility \ to accelerate the development and implementation of new features and technologies. This is Zilch’s third location… Read More

June 15, 2023 @ 10:07 am By JD Alois  |  

The world’s richest person and top entrepreneur, Elon Musk, is describing ESG, or the Environment, Social, and Governance movement, as the “Devil.” In a Tweet that included a statement by S&P Global that cigarette firm Philip Morris International topped Tesla in its ESG “score,” Musk… Read More

June 15, 2023 @ 9:20 am By JD Alois  |  

Europe Now Movement, the political party that just won parliamentary elections in Montenegro, is expected to form a fragile government, according to a report in BalkanInsight. The problem is the multitude of parties, with Europe Now squeaking by with just 25.6% of the vote, followed… Read More

June 14, 2023 @ 11:02 pm By JD Alois  |  

Kanastra has raised $13 million in Seed funding, said to be one of the largest seed rounds in Latin America of all time. The funding was led by Valor Capital and Quona Capital. Prominent Fintech VC QED Investors participated as did Actyus, Collaborative, Crestone, Grão, Endeavor,… Read More

June 14, 2023 @ 10:49 pm By JD Alois  |  

Digital securities marketplace ADDX has appointed former Singapore Exchange (SGX) Managing Director Chew Sutat as its new Chairman. According to a note from the company, Sutat has Chaired the listing committee of ADDX since 2019. SGX is a shareholder in ADDX. ADDX Pte Ltd took… Read More

June 14, 2023 @ 4:14 pm By JD Alois  |  

Banq, a platform for the primary issuance of securities controlled by Cambria Capital, a regulated broker-dealer, has filed for bankruptcy, according to many reports. Chapter 11 Dockets distributed the news via Twitter. Crypto software company Banq filed for bankruptcy protection today in Nevada https://t.co/ckmt6V6AMl pic.twitter.com/4EmKzowj24… Read More