March 2, 2023 @ 3:31 pm By JD Alois  |  

The House Financial Services Committee burst out of the gates earlier this year with hearings on issues that impact investment crowdfunding and other Fintech-related topics. Today, the Committee is announcing more hearings of interest taking place on various Subcommittees. A week from today, on Thursday,… Read More

March 2, 2023 @ 3:20 pm By JD Alois  |  

Senators Elizabeth  Warren, Chris Van Hollen, and Roger Marshall have joined in sending a letter to Changpeng “CZ” Zhou, demanding information pertaining to the operations of Binance, the crypto exchange he founded. The three Senators request that CZ provide “information regarding growing concerns over the finances,… Read More

March 2, 2023 @ 10:25 am By JD Alois  |  

  Sara Hanks has joined the Advisory Board of Upstream – part of Horizon. Upstream is a MERJ Exchange market providing liquidity for digital securities. MERJ supports both global issuers of traditional and digital securities indlucing issuance, trading, clearing, settlement, and registry. Hanks is well… Read More

March 2, 2023 @ 9:58 am By JD Alois  |  

UK-based Shojin says it is hiring more executives as demand for its services grow. Shojin is a real estate investment platform that enables investors to access “institutional-grade property deals” for as little as £5,000.  Shojin offers fractional investment opportunities in real estate developments. The FCA-regulated… Read More

March 2, 2023 @ 9:35 am By JD Alois  |  

The French Autorité des marchés financiers (AMF) is cautioning the public on trading bots in the Forex sector. The AMF states these are not authorized platforms and they frequently target French overseas departments and territories. The AMF states that it has recently seen an uptick… Read More

March 2, 2023 @ 9:25 am By JD Alois  |  

FOLK2FOLK, a peer-to-peer lending platform, has joined the Financial Intermediary & Broker Association (FIBA). As a member, the P2P lender will be able to expand its broker network for its loans. Adam Tyler,  FIBA executive chairman, said their lending partners are carefully selected, and the… Read More

March 2, 2023 @ 8:53 am By JD Alois  |  

As was reported yesterday, Silvergate Capital Corporation (NYSE:SI) has announced it will be unable to meet its deadline in posting its annual report (10-K) for 2022 and will not be able to make the extended deadline of March 16, 2023. Following the announcement, shares tanked by… Read More

March 1, 2023 @ 9:21 pm By JD Alois  |  

Former acting Comptroller of the Currency Brian Brooks has joined the board of the HBAR Foundation. The HBAR Foundation is the entity that is guiding the adoption of the Hedera blockchain – a distributed ledger is an enterprise-grade public network. While at the Office of… Read More

March 1, 2023 @ 9:03 pm By JD Alois  |  

Uplinq, a global credit & scoring assessment platform for small business lenders, has partnered with SME Finance Forum – an entity that is managed by the International Finance Corporation (IFC), a part of the World Bank Group. SME Finance Forum was established by the G20 Global… Read More

March 1, 2023 @ 8:39 pm By JD Alois  |  

Silvergate Capital Corporation (NYSE:SI), once a high flying, an innovative bank serving the digital asset industry, filed a notice with the Securities and Exchange Commission (SEC) today indicating it was unable to file its annual report or 10K on time. Additionally, the bank stated that… Read More

March 1, 2023 @ 4:02 pm By JD Alois  |  

Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) has published an Op-Ed on CNBC lambasting public officials that are standing in the way of digital asset innovation. Coinbase, the only publicly traded crypto exchange in the US, may end up being collateral damage to the ongoing onslaught… Read More

March 1, 2023 @ 12:31 pm By JD Alois  |  

Air (Airev Aero) is an Israeli startup that aims to bring commuter aircraft to the masses. Air is currently accepting reservations for the drone-like, electric aircraft, which is expected to start at $150,000 once it goes into production. Recently during OurCrowd’s Annual Global Investor Summit,… Read More

March 1, 2023 @ 10:56 am By JD Alois  |  

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

March 1, 2023 @ 10:35 am By JD Alois  |  

Digital securities enabler Tokeny has added the Avalanche blockchain to its platform in a move designed to “bring institutions a seamless and secure solution for issuing, managing, and transferring tokenized securities on the Avalanche blockchain.” Avalanche claims to be the fastest, most reliable smart contracts… Read More

March 1, 2023 @ 10:23 am By JD Alois  |  

Thunes, a payments and transfers Fintech, has announced a new head of Latin America. Victor Lucena will now lead the Fintech in its efforts to expand its services. As Head of LATAM, Lucena will manage all aspects of Thunes Latin American operations. He will be… Read More

March 1, 2023 @ 10:15 am By JD Alois  |  

Joining the climate disclosure bandwagon, Tide claims it has become the first Fintech in the world to remove 100% of emissions. Tide is a business finance Fintech that has also committed to becoming fully Net Zero by 2030. Tide has issued three climate pledges: Pledge… Read More

March 1, 2023 @ 9:27 am By JD Alois  |  

Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More

March 1, 2023 @ 1:00 am By JD Alois  |  

New British Business Bank research indicates that challenger and specialist banks provided £35.5 billion in lending during 2022. This means that challenger/specialist banks garnered a 55% share of the market. One would expect that many of these financing platforms are Fintechs. The data is part… Read More

February 28, 2023 @ 8:55 pm By JD Alois  |  

Online investment and financing platform Estateguru is reporting having topped €500 million in loans in the Baltics. EstateGuru is an investment platform that enables individual investors to participate in secured loan offerings. The peer to peer platform launched in 2014 enabling property developers to borrow… Read More

February 28, 2023 @ 5:56 pm By JD Alois  |  

  The SEC Small Business Capital Formation Advisory Committee (SBCFAC) was created by Congress in recognition that smaller firms too frequently did not garner the support they need. The Committee formally provides feedback to the Commission and, ostensibly, the SEC should be reviewing and pursuing… Read More