January 18, 2023 @ 12:13 pm By JD Alois  |  

StartEngine, a leading US-based investment crowdfunding platform, is reporting that it raised $33.9 million during Q4 2022 under the Reg A+ (Regulation A) and Reg CF (Regulation Crowdfunding) exemptions. StartEngine added that this surpassed its two largest competitors. According to StartEngine, Wefunder raised $23.9 million,… Read More

January 18, 2023 @ 11:46 am By JD Alois  |  

Payoneer Global Inc. (NASDAQ: PAYO) has announced a new Chief Financial Officer. According to a corporate statement, Bea Ordonez  – currently the Deputy CFO – will replace current CFO Michael Levine, who will step down in March. Ordonez will then report to Payoneer co-CEO John… Read More

January 18, 2023 @ 11:24 am By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX who is now under indictment for allegations of fraud, has returned to his substack, declaring that FTX US was and is solvent. Bankman-Fried previously provided an FTX “post-mortem” following his release on bail. He disputes a… Read More

January 18, 2023 @ 11:10 am By JD Alois  |  

  Tim Draper and the Draper Venture Network (DVN) have just announced a new option to invest in private investments.  The Draper Round Table will launch this January that aims to enable family offices, venture capitalists, angel investors, and other “solo-capitalists” to access a syndication… Read More

January 18, 2023 @ 10:29 am By JD Alois  |  

Goldman Sachs (NYSE:GS) released Q4 2022 and full-year 2022 results yesterday which have been deemed a disappointment by analysts and many investors. It has been widely stated that Goldman has not missed expectations this badly in many years. Shares quickly reflected this sentiment, sinking dramatically…. Read More

January 17, 2023 @ 5:25 pm By JD Alois  |  

Unikrn, a token issuer that attempted to remain compliant while issuing digital assets but ended up being the target of a Securities and Exchange Commission (SEC) enforcement action, settled with the Commission in 2020. As was reported at that time, Unikrn was assessed a $6.1 million… Read More

January 17, 2023 @ 5:08 pm By JD Alois  |  

OKX has announced a new feature labeled “Copy Trading” in a move to “overhaul the trading experience.” Copy Trading is a tool that enables Social Trading. Users can follow high-performing traders and replicate their trades in new real-time. OKX states that there is a common… Read More

January 17, 2023 @ 12:15 pm By JD Alois  |  

Property investment and financing platform Capital Rise has announced four new hires following a “period of substantial growth.” The positive report follows Capital Rise surpassing £200 million in loan originations during Q4 of 2022. About half of this amount was financed during the 12 month… Read More

January 17, 2023 @ 11:56 am By JD Alois  |  

Bison Bank, a regulated bank licensed by the Banco de Portugal, has inked an agreement with Sygnum Bank to enter the global crypto markets. The move follows the announcement of Bison Digital Assets, a subsidiary of the bank aiming to provide digital asset services like … Read More

January 17, 2023 @ 10:53 am By JD Alois  |  

Goldman Sachs (NYSE:GS) reported Q4 2022 and full-year 2022 results this morning, falling short of analyst expectations. The operations of the world’s most prominent investment bank and aspiring Fintech have been challenged during a difficult economic climate. Recently, Goldman slashed approximately 3200 employees to cut… Read More

January 16, 2023 @ 7:33 pm By JD Alois  |  

Salt Edge, an Open Banking enabler, has expanded into the Kingdom of Jordan. According to a blog post, Salt Edge will be working with Jordanian Banks and other financial services firms to power Open Banking solutions with its API-driven platform. According to the post, the… Read More

January 16, 2023 @ 7:22 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), Cambridge SupTech Lab, has published a report on the emerging arena of supervisory technology (Suptech) that aims to improve the regulation of financial services firms.  While some view Regtech and Suptech as two sides of the same coin,… Read More

January 16, 2023 @ 11:24 am By JD Alois  |  

The founders of Envato and Up have joined to back Bloom Impact Investing, a “climate-focused Fintech.” According to an email, Euphemia, the family office of Up co-founder Dominic Pym, together with Envato founders Collis and Cyan Ta’eed have led a seed round of $525,000, At… Read More

January 16, 2023 @ 10:47 am By JD Alois  |  

This past weekend, Zilch, a buy now pay later (BNPL) provider, was a target of a story entitled Buy now pay later to impact credit scores of millions. The article in the Sunday Telegraph stated that changes at Zilch would see data shared with agencies which… Read More

January 16, 2023 @ 9:43 am By JD Alois  |  

IMPT has announced a deal to purchase up to €50 million in carbon credits from Polygon blockchain-powered Thallo. IMPT is a carbon-offsetting ecosystem aiming to connect brands and commerce to individuals and businesses interested in reducing their carbon footprint. Thallo uses blockchain technology to facilitate… Read More

January 14, 2023 @ 7:15 pm By JD Alois  |  

Crowdfund Better, a securities crowdfunding education provider, has announced a new Crowdfund Better Certified Advisor program. According to a release, this is the first crowdfunding certification program for small business advisors aiming to assist firms raise capital online. Crowdfund Better notes that online capital formation… Read More

January 13, 2023 @ 4:37 pm By JD Alois  |  

It has not been that long since Nexo decided to exit the US market, but in recent days the offices of Nexo have been raided in Bulgaria according to multiple reports. While based in London, Nexo is affiliated with a former member of the Bulgarian… Read More

January 13, 2023 @ 3:33 pm By JD Alois  |  

Seedrs, one of the largest securities crowdfunding platforms in the world after it combined with Republic, has published a report on investment activity on its platform.  The Republic deal closed during Q4, and Seedrs is now poised to provide investment opportunities across Europe, under ECSPR… Read More

January 13, 2023 @ 1:24 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) announced an enforcement action against Gemini, a digital asset platform, and Genesis – a subsidiary of Digital Currency Group (DCG). The revelation of the lawsuit arrived at a challenging time for both firms as Gemini is in the… Read More

January 13, 2023 @ 9:59 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has filed an 8-K with the Securities and Exchange Commission that describes the new divisional structure of the firm that was revealed last year. Last October, Goldman outlined its new reporting structure, which included the following: Asset and Wealth Management Global Banking… Read More