February 9, 2023 @ 12:55 am By JD Alois  |  

Tide, a neobank serving business customers, has closed on the acquisition of Funding Options, a UK marketplace for business finance, following FCA approval. The purchase was previously announced in November 2022. Tide is authorized by the FCA under the Electronic Money Regulations and offers bank… Read More

February 8, 2023 @ 9:26 pm By JD Alois  |  

Artificial intelligence is all the rage right now – fueled by the novelty of ChatGPT, an application that helps provide the masses with a concrete example of what is possible today, along with a look into the future. Blockchain has been the new shiny for… Read More

February 8, 2023 @ 3:25 pm By JD Alois  |  

This morning, the Subcommittee on Capital Markets, part of the House Financial Services Committee, held a hearing on the definition of an accredited investor. This definition is utilized to determine who may participate in certain private securities offerings, mostly Reg D 506c/b. Broadly, the definition… Read More

February 8, 2023 @ 1:52 pm By JD Alois  |  

Apple (NASDAQ) is expected to soon launch its buy now-pay later product (BNPL) as it expands the service to a broader beta group. According to a report filed by Bloomberg, Apple Pay Later is being tested in-house by its approximately 80,000 or so retail employees…. Read More

February 8, 2023 @ 12:12 pm By JD Alois  |  

According to an email, X8 AG has submitted the application to the Swiss Financial Market Supervisory Authority (FINMA), for a Swiss Fintech license according to Article 1b Banking Act. X8 AG aims to emerge as a “regulated global stablecoin system.” X8 AG said that it… Read More

February 8, 2023 @ 10:50 am By JD Alois  |  

Fierce has announced the launch of a “super app” that is said to deliver high-yield returns for its users as it exits stealth mode. The App is currently available on iOS, with Android coming soon. At the same time, Fierce has announced a $10 million… Read More

February 8, 2023 @ 10:32 am By JD Alois  |  

LCX says it will become the first company in the crypto industry to issue a tokenized bond that generates a fixed yield for investors. The blockchain-powered “EURt7 tokenized bond” has been approved by the securities regulator in Liechtenstein and is thus available across all EU… Read More

February 8, 2023 @ 9:22 am By JD Alois  |  

SyndicateRoom, an online investment platform, reports that portfolio company 10to8 has been acquired by Sign In Solutions. Deal terms were not revealed, but SyndicateRoom said that the exit was at a “positive multiple.” 10to8 is a time management, communication and meeting platform that aims to… Read More

February 8, 2023 @ 8:51 am By JD Alois  |  

Matrixport has had its UK wholly-owned subsidiary, Matrixport Advisors Limited, appointed as an Appointed Representative (AR) of Varramore Partners Limited (Varramore), which is authorized and regulated by the UK Financial Conduct Authority (FCA). The relationship allows Matrixport to conduct a range of investment-related activities in the UK…. Read More

February 7, 2023 @ 8:48 pm By JD Alois  |  

Do you remember Republic Note? Back in 202o, Republic sought to raise capital for a security that provides purchasers with a portion of the income generated by the investment crowdfunding platform. At that time, Republic raised about $16 million in a sold-out Reg D 506c… Read More

February 7, 2023 @ 3:40 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), along with the SEC Office of Investor Education and Advocacy, and the Financial Industry Regulatory Authority (FINRA), have published an Investor Alert cautioning individuals on Self Directed Individual Retirement Account (IRAs) that enable investors to select assets that may be… Read More

February 7, 2023 @ 3:05 pm By JD Alois  |  

Katipult (TSXV: FUND) says it has entered into an “expanded software license agreement” with Raymond James (NYSE:RJF). Raymond James is a multifaceted financial services firm that focuses on wealth management as well as institutional services such as investment banking. Raymond James holds about $1.7 trillion… Read More

February 7, 2023 @ 12:34 pm By JD Alois  |  

HM Treasury and the Bank of England have announced a new consultation on the possibility of a digital pound. According to a joint statement, The consultation is being launched as the UK government wants to ensure the public has access to “safe money” while supporting… Read More

February 7, 2023 @ 10:52 am By JD Alois  |  

Business loan approval rates have increased – depending on who you are asking. According to a report, alternative lenders, institutional investors and small banks have increased credit but big banks and credit unions have pulled back This is according to online lender Biz2Credit and its… Read More

February 7, 2023 @ 9:14 am By JD Alois  |  

OurCrowd is returning next week (February 15, 2023) with its investor summit, held in Jerusalem. The OurCrowd Global Investor Summit focuses on online capital formation and is the largest gathering of its kind globally. OurCrowd hit the pause button on the event following the emergence… Read More

February 7, 2023 @ 8:45 am By JD Alois  |  

Binance has “temporarily” suspended US dollar withdrawals, according to a report. Soon after it was revealed, Binanc.US – the US subsidiary – Tweeted this decision to suspend dollar withdrawals did not impact its operations. @BinanceUS and @Binance are separate entities. https://t.co/gM6e3xb9BX is a licensed and… Read More

February 7, 2023 @ 8:00 am By JD Alois  |  

Supply chain startup Wisor AI has raised an $8 million seed round led by Team8. The funding round also included participation from Ocean Azul and Hico Investment Group, as well as pre-seed investors fresh.fund, Atooro Fund, The Dock, Seed IL Ventures, and Izaki Ventures. Founded… Read More

February 7, 2023 @ 2:00 am By JD Alois  |  

Zilch, a UK-based payments Fintech, has announced a partnership with StepChange – a “debt advice charity.” According to Zilch, the collaboration with StepChange will make it the first provider of credit via buy now pay later  (BNPL) to fully integrate StepChange Direct into its platform…. Read More

February 6, 2023 @ 10:32 pm By JD Alois  |  

Ecuador-based BuenTrip Ventures, a Latin American-focused VC fund, and accelerator, has secured its first institutional investor in its second fund. The funding included the participation of the Inter-American Development Bank (IDB) through IDB Lab. IDB Lab aims to support innovation and the development of the… Read More

February 6, 2023 @ 10:00 pm By JD Alois  |  

Doug Ellenoff, the managing partner of Ellenoff, Grossman, and Schole (EGS) – a Manhattan-based law firm, has been a supporter of innovation in financial services for many years now. A staunch proponent of the JOBS Act of 2012 before it became law, Ellenoff is a… Read More