May 31, 2023 @ 10:19 pm By JD Alois  |  

Affirm (NASDAQ: AFRM) and Worldpay from FIS  (NYSE: FIS) have announced a partnership that will make Affirm’s Adaptive Checkout available to Worldpay merchants in a multi-year agreement. Becca Stone, VP of Strategic Partnerships at Affirm, said the partnership would help Worldpay’s merchants drive growth and… Read More

May 31, 2023 @ 5:21 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a new study on the use of digital assets to facilitate cash-based transfers regarding humanitarian aid. CCAF, part of the Cambridge University Judge School of Business, is the top research entity in the Fintech sector.  The… Read More

May 31, 2023 @ 4:57 pm By JD Alois  |  

EquityZen, a secondary marketplace for private securities, has distributed a post t0utuing the secondary market for private securities during a slow period of primary issuance and funding rounds. Of course, this is to the benefit of EquityZen as it is what the company provides, but… Read More

May 31, 2023 @ 12:24 pm By JD Alois  |  

The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) have announced a move to strengthen policy collaboration on financial services, including digital assets. The announcement was revealed during a bilateral meeting in Abu Dhabi earlier this week. According to… Read More

May 31, 2023 @ 10:22 am By JD Alois  |  

Singapore securities regulator, the Monetary Authority of Singapore (MAS), has announced a partnership with Google [Alphabet] (NASDAQ:GOOG). According to a statement by MAS, the regulatory will work with Google Cloud to collaborate on generative artificial intelligence (AI) solutions to advance the development and use of responsible… Read More

May 30, 2023 @ 5:15 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has issued a staff advisory on the expansion of Derivatives Clearing Organization (DCO) clearing of digital assets. The advisory was said to be driven by the rising interest of DCOs to provide services in regard to crypto. The Advisory… Read More

May 30, 2023 @ 5:05 pm By JD Alois  |  

The economist that publicly stated the internet would never amount to much comparing it to the fax machine – Paul Krugman is slamming Governor Ron DeSantis’ opposition to a digital dollar or a central bank digital currency (CBDC). DeSantis officially announced his candidacy for President of… Read More

May 30, 2023 @ 4:20 pm By JD Alois  |  

Former Coinbase (NASDAQ:COIN) executive Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle charges leveled by the Securities and Exchange Commission (SEC). In mid-2022, the SEC announced the charges alleging insider trading. The defendants were allegedly benefiting from information prior to it becoming public… Read More

May 30, 2023 @ 11:47 am By JD Alois  |  

Recently, Ram Ahluwalia wrote an Op-Ed for American Banker that posed a somewhat controversial take on banking. Ahluwalia said outdated banking rules are denying access to Big Tech firms, like Apple and Amazon, who could enter the banking sector and bring loads of capital as… Read More

May 30, 2023 @ 10:46 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Francis Sabo (aka Ricky Bobby) regarding a $100 million securities fraud ploy. The SEC said that charges were “partially settled” while explaining the defendants included several others who allegedly used social media to manipulate shares of securities… Read More

May 30, 2023 @ 10:30 am By JD Alois  |  

CDP Cassa Depositi e Prestiti has invested €25 million in the October SME V fund. October Italy CEO Sergio Zocchi thanked Cassa Depositi e Prestiti, noting the bank joins other European investors, such as European Investment Fund (EIF), Bpifrance, and Invest-NL, who will lend to… Read More

May 30, 2023 @ 9:48 am By JD Alois  |  

  Online real estate investment platform CapitalRise has announced the funding of a £5 million loan for the development of a 13,000 square-foot household on the private  Wentworth Estate in Virginia Water, Surrey. The loan will also fund the refinance and demolition of an existing property… Read More

May 30, 2023 @ 9:30 am By JD Alois  |  

The British Business Bank has agreed to an initial £75 million ENABLE Guarantee with Cynergy Bank, according to a statement by the bank. The funds will guarantee a term loan portfolio of commercial real estate assets. There is an option to increase the amount to… Read More

May 30, 2023 @ 9:21 am By JD Alois  |  

Mangopay, a payments infrastructure provider that is big in marketplaces, has hired Michal Jedraszak as Chief of Staff. Mangopay says the new position is part of a strategic push to expand services globally. Jedraszak is expected to oversee project management and governance, and drive cross-functional… Read More

May 30, 2023 @ 9:10 am By JD Alois  |  

Web3 payment platform Transak has raised $20 million in a Series A funding round led by CE Innovation Capital. Other investors included SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings,… Read More

May 29, 2023 @ 3:26 pm By JD Alois  |  

Manappuram Finance Limited has launched a digital lending app Ma-Money. Manappuram is a gold loan platform in India.  The company went public in August 1995, and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi. The new digital lending platform is… Read More

May 29, 2023 @ 2:03 pm By JD Alois  |  

EquityZen is out with another note reiterating its expectation that the initial public offering (IPO) market will pick up toward the end of the year. Currently, IPOs during Q1 of 2023 were pretty tame, with just 33 IPOs on US exchanges. According to EY, the… Read More

May 29, 2023 @ 12:12 pm By JD Alois  |  

Air EV says it has more than 400 pre-orders for its flagship personal aircraft, “eVTOL”  or electric vertical takeoff and landing vehicle. The company is currently raising growth capital on OurCrowd, an online investment platform. Air EV says the Air One eVTOL aircraft plans to… Read More

May 29, 2023 @ 11:07 am By JD Alois  |  

Following an initial €2.5 million from the Bulgarian Development Bank’s (BDB) Capital Investment Fund in February, Evrotrust eID is now part of the national eID program in Bulgaria. Bulgarian individuals and businesses will be able to access EU public services digitally from their mobile phones…. Read More

May 26, 2023 @ 5:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final consent judgments against The Hydrogen Technology Corporation, its former CEO, Michael Ross Kane, and Tyler Ostern, CEO of Moonwalkers Trading Limited.  The SEC’s case involved the offering of unregistered securities in regard to the issuance of… Read More