JD Alois

Payments Fintech dLocal Raises $200 Million, Emerges as LatAm Unicorn

Cross border payments Fintech dLocal has raised $200 million in a funding round led by General Atlantic. The capital infusion sets a valuation on the company of $1.2 billion thus creating a Latin American Fintech unicorn and Uruguay’s first. dLocal is a cross-border payment processor… Read More

Capco and Inbotiqa Agree to Partnership

Capco has partnered up with Inbotiqa, an alumnus of the Barclays TechStars Accelerator, Fintech focused program. The agreement focuses on Inbotiqa’s YUDOmail product and analytics tool for back office and operations teams. Capco is a technology and management consultancy dedicated to the financial services industry. Inbotiqa… Read More

Diplomatic Thaw: As Arab Countries Open Relations with Israel, OurCrowd Sees Opportunity

Jon Medved

OurCrowd, a leading global investment crowdfunding platform that is based in Israel, is well-positioned to take advantage of the improving relations in the middle east. Last month, Israel and the United Arab Emirates (UAE) announced the normalization of diplomatic relations. The official signing of the… Read More

Finovate: Renaud Laplanche Selected as Fintech Executive of the Year, Lisa Kimball Fintech Woman of the Year

Finovate has announced its selection of individuals and firms in the Fintech sector that have had an exemplary year. This is the group’s second go at doing the Finovate Awards and this year is obviously a bit different due to the ongoing pandemic shifting events… Read More

CFTC Charges Four Individuals with Fraud Pertaining to Digital Assets

The Commodity Futures Trading Commission (CFTC) has filed charges against four individuals pertaining to “fraudulently soliciting funds from customers to speculate in Bitcoin price movements.” Filed in the U.S. District Court for the Southern District of Texas, the CFTC alleges that Texas residents Mayco Alexis Maldonado… Read More

SoFi Uploads $19 Billion of Loan Data to dv01

dv01, a data platform for online lending, has received a significant boost as SoFi is uploading $19 billion worth of  SoFi student loan securitization to the platform. According to a note from the company, the new partnership is a “big step forward” regarding lending transparency… Read More

Goldman Sachs: Marcus Adds “Insights,” Provides Aggregated View of Outside Accounts

Marcus, the digital-only bank offered by Goldman Sachs (NYSE:GS), has launched a new service to generate more value for its users. According to a note from the firm, Marcus Insights will enable users to link external accounts from thousands of institutions to get personalized insights… Read More

SyndicateRoom Co-founder Crowdfunds on Seedrs for New Insurtech Startup Rnwl [u]

Insurtech Rnwl Crowdfunding for Growth Capital SyndicateRoom used to be one of the three top securities crowdfunding platforms in the UK. The Fintech has since morphed into an EIS fund that targets promising early-stage firms being backed by “super angels”. Co-founded by Gonçalo de Vasconcelos,… Read More

Savings App Chip Raises £10.7 Million in 48 Hours as Part of Future Fund Round on Crowdcube

Savings App Chip is says it raised £10.7 million in under 48 hours as part of a Future Fund round hosted on Crowdcube. A total of £2 million was raised in under 10 minutes and £4 million in under an hour. The Future Fund is… Read More

Nesta Offers Monetary Prize for Fintechs Offering Support to Workers Impacted by COVID-19

Nesta has launched a £2.8 million Rapid Recovery Challenge to encourage Fintechs, among other entities, to come up with solutions to help workers impacted by COVID-19. Nesta is encouraging Fintechs to participate in the challenge where individual firms may win up to £475,000 plus other… Read More

Eurozone: EC Vice President Dombrovskis Talks Digital Assets – “We Want to Regulate Innovation In”

In a speech delivered to the ECOFIN press conference in Berlin today, European Commission Executive Vice President Valdis Dombrovskis commented on crypto-assets and stablecoins. It is anticipated that later this month and update will be be presented pertaining to the EU Digital Finance Strategy and… Read More

SEC Charges Film Producer Ryan Felton, Rapper/Actor Clifford Harris and Others for Participation in ICO Fraud

The Securities and Exchange Commission (SEC) has leveled charges pertaining to fraudulent initial coin offerings (ICO) against film producer Ryan S. Felton, rapper and actor Clifford Harris, Jr., or “T.I. or Tip,” and three others who apparently promoted one of Felton’s two unregistered and ICOs…. Read More

AML Authorities in Philippines Identify People of Interest Affiliated with Wirecard, Meanwhile Sale of Subsidiaries Show Progress

Wirecard (WDI:DE) and bankruptcy proceedings are inching forward for a Fintech that was once valued in the billions of dollars. Meanwhile, anti-money laundering authorities in the Philippines have uncovered 57 individuals of interest affiliated with the firm, according to a report. Bloomberg states that the Executive… Read More

SEC Asset Management Advisory Committee Posts Agenda for Meeting, Includes Discussion on Private Market Returns

The Securities and Exchange Commission (SEC) has posted the agenda for the upcoming Asset Management Advisory Committee (AMAC) meeting scheduled for next week. According to the SEC, the meeting will include a discussion of matters in the asset management industry relating to (1) the ESG… Read More

Trio from Boston Consulting Group Creates CBDC Tracker

Have you ever wondered which countries are working on Central Bank Digital Currencies (CBDCs) and where they stand in the process? Are they simply doing research or is there a pilot program in the works? Or maybe there is a digital currency live and in… Read More

Forward Thinking Bank Santander Spins Off Fintech VC Segment, Renames Mouro Capital, Dedicated Funds Rise to $400 Million Following Big Returns

Santander Innoventures is going it alone. The venture capital subsidiary of Banco Santander is being spun off and renamed as Mouro Capital. The new entity is also receiving additional capital from the bank as Santander will double the amount of dedicated funds going from $200… Read More

Prime Trust Partners with Israeli ID Firm AU10TIX

Prime Trust, a fast-growing custody and tech solution for both traditional and digital assets, will be working with KYC firm AU10TIX, according to a note from the firm. AU10TIX is an Israel-based company that offers ID verification and authentication – a key service in the… Read More

StartEngine Secondary Market to Launch Next Month

StartEngine, a leading crowdfunding platform that is also a FINRA regulated broker-dealer and holds an ATS (alternative trading system) license, will launch the “StartEngine Secondary” in October. According to StartEngine, the first issuer to trade on the platform will be StartEngine itself – a company… Read More

Crypto Executives Comment on Mastercard’s CBDC Testing Platform

  Mastercard revealed this week that it has launched a central bank digital currencies (CBDCs) testing platform. The goal is to enable central banks to test national digital currencies. Many central banks are testing or investigating CBDCs including China’s digital yuan that is currently being… Read More

Germany: SME Lender Creditshelf on Track for Substantial Growth During 2020

creditshelf Aktiengesellschaft, a marketplace lender serving German SMEs, reports that growth remains robust for its platform even during the ongoing COVID-19 challenge. According to creditshelf, a solid Q2 led to significant revenue growth of 41.6% during the first six months of 2020 when compared to… Read More

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