April 26, 2023 @ 11:34 am By JD Alois  |  

As CI reported yesterday, the House Financial Services Committee has scheduled a markup session for pending legislation. Many of the proposed bills are designed to improve access to capital as well as improve JOBS Act rules. In a statement in advance of the meeting, Congressman… Read More

April 26, 2023 @ 11:01 am By JD Alois  |  

Estateguru, an online investing and originating platform that serves the European market, is reporting a “stable and success” first quarter of the year. Estategura says it funded 178 projects with a loan volume of €23 million and hitting a new milestone of over €700 million… Read More

April 26, 2023 @ 9:21 am By JD Alois  |  

Finery Markets has announced the launch of FM Liquidity Match – an OTC as a Service for digital assets. The OTC offering is being provided in partnership with Floating Point Group, which will become the inaugural user. FM Liquidity Match is a proprietary matching engine… Read More

April 26, 2023 @ 9:12 am By JD Alois  |  

TS Imagine has connected with European prime broker for digital assets – Crypto Finance. TS Imagine is a “cross-asset” trading platform that provides financial solutions for sophisticated investors. The company said it aims to offer institutional clients greater connectivity and liquidity in cryptocurrency trading with the… Read More

April 25, 2023 @ 5:09 pm By JD Alois  |  

Digital bank / Fintech Klarna aims to make its platform a global shopping destination for 150 million consumers. Klarna hopes to enable its 500,000 retailers to benefit from its new personalized shopping feed powered by artificial intelligence (AI). The Klarna app’s discovery shopping feed, powered… Read More

April 25, 2023 @ 4:51 pm By JD Alois  |  

Global transfers and payments Fintech Wise (LSE:WISE) has announced an interest-generating option for cash held in a Wise account. The feature is available for US customers and follows a similar option made available for UK customers. Wise states that both business and personal customers in… Read More

April 25, 2023 @ 4:19 pm By JD Alois  |  

Biz2Credit and affiliate Biz2X have been recognized by the Financial Times as one of America’s fastest-growing companies, according to a note from the fimr. Biz2Credit and Biz2X were ranked 69th on the fourth annual FT Americas’ Fastest-Growing Companies list of 500 firms that had the… Read More

April 25, 2023 @ 11:43 am By JD Alois  |  

Expanding Access to Capital Act of 2023 is JOBS Act Improvement Legislation Last week during a hearing of the House Subcommittee on Capital Formation, a discussion focused on improving access to capital for early-stage firms as well as boosting retail investment options. Entitled A Roadmap… Read More

April 25, 2023 @ 9:46 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN) announced that it had filed a “limited action” against the Securities and Exchange Commission (SEC) as it has ignored its petition for clearly defined digital asset rules. The SEC is statutorily required to respond to a petition within a reasonable amount of time. It… Read More

April 25, 2023 @ 3:00 am By JD Alois  |  

42Markets Group, a Fintech investment group, has raised $10 million in funding from Convergence Partners, a private equity investor dedicated to the technology sector across sub-Saharan Africa, according to a company statement. The funding is expected to boost the development of the following portfolio companies:… Read More

April 24, 2023 @ 10:45 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) is going on the offensive with the Securities and Exchange Commission (SEC) and its insistence that all digital assets are securities and thus regulated the same. In a blog post, Paul Grewal, the Chief Legal Officer of Coinbase, explained the company had filed… Read More

April 24, 2023 @ 10:03 pm By JD Alois  |  

Recently, the government of Turkey published a “Fintech Guide” highlighting innovative financial services firms operating in the country. The Presidency of the Republic of Türkiye Finance Office (CBFO) reports that as of February 2023 there were 637 Fintechs providing payments, DeFi, digital banking and more…. Read More

April 24, 2023 @ 7:37 pm By JD Alois  |  

The Subcommittee on Digital Assets, Financial Technology (Fintech) and Inclusion, has posted the list of witnesses for its hearing on “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.” The hearing follows the approval by the European Parliament of MiCA… Read More

April 24, 2023 @ 7:05 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has appointed Janey Whiteside joined as a member of its Board of Directors, effective April 20, 2023. Whiteside is currently a Partner of the Consello Group and the CEO of Consello’s Growth and Business Development division. Prior to Consello, Whiteside… Read More

April 24, 2023 @ 4:33 pm By JD Alois  |  

SEC Commissioner Hester Peirce has posted here comments delivered at the beginning of the SEC’s 42nd Annual Small Business Forum taking place this week. A few years back, the Forum was an in-person event, but COVID and convenience have shifted the event to a virtual… Read More

April 24, 2023 @ 8:50 am By JD Alois  |  

As was reported last week, the European Parliament approved MiCA, or Markets in Crypto-Assets legislation, which aims to make the EU a digital asset-friendly jurisdiction. At the same time, the Transfer of Funds regulation was approved, which requires crypto operators to identify their customers as… Read More

April 23, 2023 @ 6:12 pm By JD Alois  |  

The Commodity Futures Trading Commission today announced it has filed charges against 14 entities for fraudulently claiming to be registered with the CFTC as futures commission merchants (FCM) and retail foreign exchange dealers (RFED). The bogus platforms claimed to be located in the United Kingdom,… Read More

April 23, 2023 @ 5:51 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool that maps the global footprint of UK Fintechs. The service was created in partnership with Innovate Finance, a UK advocacy group for firms in the Fintech sector. CCAF is the leading research entity… Read More

April 22, 2023 @ 4:41 pm By JD Alois  |  

Blockchain Moon Acquisition Corp. (NASDAQ: BMAQ) has announced it would return shareholder funds and delist its shares. The blank check firm raised money to pursue prospective targets that were businesses in blockchain technologies in North America, Europe, and Asia.  The special acquisition company (SPAC) announced… Read More

April 21, 2023 @ 4:52 pm By JD Alois  |  

Earlier today, Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) visited with officials at the Securities and Exchange Commission (SEC).  Armstrong revealed the trip in a Tweet stating: “Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs…. Read More