February 1, 2023 @ 5:00 pm By JD Alois  |  

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

February 1, 2023 @ 12:03 pm By JD Alois  |  

Checkout.com announced leadership changes described as a “significant step” in its expansion in the US as it aims to challenge market leader Stripe. Based in London, Checkout.com launched in 2012, becoming an authorized payment institution. and then an electronic money institution (EMI) in 2017. In… Read More

February 1, 2023 @ 11:43 am By JD Alois  |  

S&P Global Market Intelligence is out with a research note that is predicting a “wave” of mergers and acquisitions in the Fintech sector as the economy slows. The firm states that an unforgiving stock market and declining cash reserves will compel US Fintechs to consolidate… Read More

February 1, 2023 @ 11:26 am By JD Alois  |  

Varo Bank, the first Fintech to receive a federal bank charter and become a regulated digital-only bank, continues to lose money as it pursues its mission of improving the financial health of its customers. A document recently filed with the Office of the Comptroller of… Read More

February 1, 2023 @ 9:52 am By JD Alois  |  

The credit card business is a good one as this type of credit typically charges outlandish rates as well as silly fees. Today, the Consumer Financial Protection Bureau (CFPB) is specifically targeting late fees charged to consumers as it proposes a reul that aims to… Read More

February 1, 2023 @ 9:16 am By JD Alois  |  

The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver… Read More

January 31, 2023 @ 6:03 pm By JD Alois  |  

“The business model Celsius advertised and sold to its customers was not the business that Celsius actually operated.” – Court Document, Filed January 31, 2023 Celsius, one of the first big crypto firms to fail and file for bankruptcy protection, continues to meander its way… Read More

January 31, 2023 @ 12:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted its agenda for its next meeting. The Committee was created by law to advise the Commission on issues, including rules and regulations that impact small businesses, providing valuable feedback as… Read More

January 31, 2023 @ 9:25 am By JD Alois  |  

Stellar blockchain proponents Tempo France and Armenotech have announced a partnership on payments and remittances, according to a note from the firms. Tempo France is an international money transfer system that recently utilized Stellar to power transfers in Europe and the Asia Pacific region. Tempo… Read More

January 31, 2023 @ 8:54 am By JD Alois  |  

Guardz, a cybersecurity and insurance platform for small businesses, has emerged from stealth, announcing a $10 million Seed round. According to a note from Guardz, the round was led by Hanaco Ventures with the notable participation of online investment platform iAngels. Other investors include GKFF… Read More

January 30, 2023 @ 11:25 pm By JD Alois  |  

Fundrise, a real estate investment platform that recently entered the early-stage investment sector, has filed to raise $19.7 million in a sale of Class B Common shares. Fundrise has raised growth capital for itself in the past using the Reg A+ securities exemption. The $19.7… Read More

January 30, 2023 @ 10:16 pm By JD Alois  |  

Multiple reports today indicate that Elon Musk wants to incorporate payments as a service within Twitter. The initial source of information was an article published in the FT today that indicated Musk would start with fiat currencies and perhaps add cryptocurrency in the future. Twitter… Read More

January 30, 2023 @ 9:31 pm By JD Alois  |  

Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding…. Read More

January 30, 2023 @ 9:06 pm By JD Alois  |  

The Expanding Access to Capital for Rural Job Creators Act, (HR 298) has passed the House of Representatives. The legislation has both Democrat and Republican sponsors. The legislation would require the Securities and Exchange Commission (SEC) to submit an annual report on the challenges rural… Read More

January 30, 2023 @ 6:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its first meeting of 2023. The meeting, set for February 7, 2023, at 10 AM, does not yet have a posted agenda with the notice indicating that the “meeting includes… Read More

January 30, 2023 @ 3:50 pm By JD Alois  |  

After months of diminished interest, interest in digital asset investment products picked up last week, according to Coinshares. The report states that digital asset investments experienced a $117 million inflow last week, the largest since July 2022. At the same time, total assets under management… Read More

January 30, 2023 @ 12:16 pm By JD Alois  |  

SoFi Technologies (NASDAQ: SOFI) reported Q4 2022 and full-year earnings today, and the numbers surpassed analyst expectations. According to a release by SoFi, revenue during Q4 2022 was $456 million compared to Q4 2022 of $285 million in Q4 2021. For the year ended December… Read More

January 30, 2023 @ 11:59 am By JD Alois  |  

Lettingaproperty, a UK-based Proptech, is looking to raise £850,000 on Seedrs. Recently launched, the securities offering has almost raised its funding target. As of today, over £800k has been raised, backed by 123 investors. According to the offering page, Lettingaproperty is offering equity at a… Read More

January 30, 2023 @ 11:36 am By JD Alois  |  

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

January 30, 2023 @ 11:01 am By JD Alois  |  

Bamboo Capital, a VC impact investor, has exited its investment in Banco W based in Colombia, according to a note from the firm. Banco W S.A. is a regulated entity authorized by the Financial Superintendency of Colombia, created in 2011. Banco W aims to promote… Read More