April 11, 2024 @ 9:19 am By JD Alois  |  

Mimo, a UK-based platform that supports global payments, cash flow, and financial management for SMEs and finance professionals, has raised £15.5 million in funding. Northzone led the funding round. Other investors include Cocoa Ventures, Seedcamp, and Upfin VC, with an asset-backed facility arranged by Fost…. Read More

April 11, 2024 @ 9:11 am By JD Alois  |  

Performance Finance Limited has received a £15 million facility from the British Business Bank.  Performance Finance will use the funds to support to smaller businesses to accelerate their growth. Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans,… Read More

April 11, 2024 @ 8:59 am By JD Alois  |  

Bitfinex Securities El Salvador S.A. has issued a statement on a security token, or digital security, offering to help finance the Hampton by Hilton Hotel in El Salvador. The project expects to create 1000 jobs during construction and, eventually, 5000 direct and indirect jobs upon… Read More

April 10, 2024 @ 11:33 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a report on consumer debt. The FCA states that 7.4 million people are struggling to pay bills and credit card debt (January 2024).  While this is lower than the 10.9 million in January 2023 who were encountering… Read More

April 10, 2024 @ 12:07 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC), Office of the Advocate for Small Business Capital Formation has scheduled the 43rd Annual Government-Business Forum on Small Business Capital Formation. This gathering will occur with three virtual sessions April 16-18 from 1-2:30 p.m. ET. Several years ago, these… Read More

April 10, 2024 @ 11:14 am By JD Alois  |  

GrtWines is a new online investment platform that focuses solely on collectible wines. At the beginning of the year, GrtWines revealed its inaugural collection, “100 Magnums,” featuring Bordeaux wines. According to GrtWines, this first collection sold out in four days, thus displaying high demand for… Read More

April 10, 2024 @ 9:25 am By JD Alois  |  

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

April 10, 2024 @ 8:44 am By JD Alois  |  

Yesterday, Deputy Secretary of the Treasury Wally Adeyemo testified before the Senate Banking Committee. In prepared testimony, Adeyemo called out digital assets—or crypto—and stated that bad actors are using these assets for nefarious activities. Adeymo said: “As we take steps to cut terrorist groups and… Read More

April 9, 2024 @ 2:20 pm By JD Alois  |  

Luxembourg-based Tokeny is expanding into Australia through a partnership with the SILC Group to tokenize real-world assets (RWA). The SLC Group is an alternative asset solutions provider that reports over $2 billion in assets under supervision. Tokeny will provide the tech stack to “upgrade alternative… Read More

April 9, 2024 @ 2:11 pm By JD Alois  |  

New York-based Adro, a Fintech in the neobanking sector targeting international students etc., is reporting at $1.5 million pre-Seed funding round. According to a statement from the company, the funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate…. Read More

April 9, 2024 @ 11:37 am By JD Alois  |  

There has been a decades-long trend of smaller banks getting hoovered up by larger banks in the US. Unlike some other countries, the US has thousands of banks—most of them small. But this has been changing as scale counts, and the need to invest and… Read More

April 9, 2024 @ 9:00 am By JD Alois  |  

Battery tech firm Carrar has raised $5.3 million in a Series A funding round. Online investment platform OurCrowd has participated in the funding round. Other investors include Salida, NextGear Ventures along with existing investors, Next Leap Ventures, Drive Digital, Gentherm and more. OurCrowd is a… Read More

April 9, 2024 @ 6:22 am By JD Alois  |  

Advocacy group CryptoUK has added a new member – Mercuryo, a payments provider. Mercury enables payments by supporting businesses with both fiat and crypto solutions via a single API integration. Mercuryo has partnered with digital asset firms like Ledger, MetaMask and Trust Wallet. CryptoUK says Mercuryo… Read More

April 8, 2024 @ 7:45 pm By JD Alois  |  

A young real estate tokenization platform is raising money on Republic. According to the offering page, Reental is seeking $1.24 million in a Reg CF offering. The security is a “Crowd SAFE” with a 20% discount to a future event. The valuation cap has been… Read More

April 8, 2024 @ 7:07 pm By JD Alois  |  

Finzly, a Fintech that aims to provide banking services for both regulated banks, neobanks, Fintechs, etc., has announced the launch of an embedded banking service. Finzly completed a funding round in late 2023, raising $10.05 million in a Reg D offering. In a public release,… Read More

April 8, 2024 @ 11:09 am By JD Alois  |  

Linedata (Euronext Paris: LIN), a France-based Fintech, has acquired DreamQuark – an artificial intelligence (AI) firm that provides services to financial firms like banks and wealth managers. The terms of the acquisition were not revealed. Nicolas Meric, CEO of DreamQuark, said they are thrilled to… Read More

April 8, 2024 @ 10:27 am By JD Alois  |  

Bluevine, a neobank targeting the SME/Small business sector, is touting its business checking plans that actually generate interest for account balances. Bluevine’s APYs range from 2% to 4.25% – depending on the balance. Also, Bluevine offers FDIC insurance up to $3 million. Broken out by… Read More

April 8, 2024 @ 9:53 am By JD Alois  |  

The Luxembourg Stock Exchange (LuxSE) has been recognized as Exchange of the Year pertaining to sustainable development. LuxSE  notes that this makes the exchange a 7-time winner of Environmental Finance’s debt-related ‘Exchange of the Year’ title since 2017. Julie Becker, CEO of LuxSE, commented on… Read More

April 5, 2024 @ 3:09 pm By JD Alois  |  

StartEngine has listed a new securities offering for Fanatics, a company that works with top sports properties by selling apparel, etc., by licensing the brands. Fanatics also has entered the sports betting sector having acquired PointsBet sportsbook. StartEngine notes that Fanatics has already raised $8.9… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More