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

May 26, 2023 @ 5:00 pm By JD Alois  |  

Netcapital (Nasdaq: NCPL, NCPLW) announced earlier this week that it had entered into agreements with institutional investors for the purchase and sale of 1,100,000 shares of its common stock at a purchase price of $1.55 per share. The offering closed yesterday, May 25, 2023, raising… Read More

May 26, 2023 @ 9:15 am By JD Alois  |  

The European Systemic Risk Board (ESRB) has published a report providing a succinct outline of the global digital asset industry while outlining policy recommendations to regulate crypto and decentralized finance (DeFi). Similar to other reports, the ESRB views crypto as not systemically risky while noting… Read More

May 25, 2023 @ 11:16 pm By JD Alois  |  

CapitalRise, an online investment platform for prime real estate, has easily topped its initial funding goal on Seedrs. According to the offering page, CapitalRise aimed to raise £1 million. Currently, the offering is in over-funding mode, having raised £1.37 million from 232 investors. CapitalRise is… Read More

May 25, 2023 @ 5:14 pm By JD Alois  |  

Digital Innovation for America, a lobbying group advocating on behalf of digital assets, has updated its campaign to highlight the ability of crypto to streamline transfers or payments globally by promoting the need for Ukrainians living in the US to support the ongoing war against… Read More

May 25, 2023 @ 4:20 pm By JD Alois  |  

Credora, a real-time credit analytics for the crypto industry, recently announced that it had raised a $6 million strategic funding round supported by S&P Global and Coinbase Ventures as lead investors. In a statement  from last month, Credora CEO Darshan Vaidya, explained that his company… Read More

May 25, 2023 @ 12:10 pm By JD Alois  |  

Shoorah, a startup created by Ferne McCann and Lorri Haines, is preparing to launch an investment round on Seedrs. The pair became popular following the success of ITVBe’s First Time Mum series. McCann has been a TV personality and presenter for 10 years. Shoorah recently… Read More

May 25, 2023 @ 11:33 am By JD Alois  |  

Yesterday, in a Twitter Spaces interview which was delayed due to overwhelming interest, Florida Governor and candidate for President Ron DeSantis expressed his support for Bitcoin while re-iterating his opposition to central bank digital currency (CBDC). Florida has passed a law that they do not… Read More

May 25, 2023 @ 11:07 am By JD Alois  |  

Kin Insurance has completed its Florida reinsurance program for the following year. Kin is a direct-to-consumer digital insurer focused on the homeowner’s insurance market. Florida is struggling to regain its homeowner’s insurance footing following Hurricane Ian, which caused billions of dollars in losses. Reinsurance is… Read More

May 25, 2023 @ 10:39 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the Central District of California against David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, who were all doing business as a company… Read More