November 4, 2022 @ 9:34 am By JD Alois  |  

Simetria Trading Solutions and Finhaven Technology, operator of FinhavenTM Private Markets, have announced a new liquidity partnership, according to a company statement. Simetria is an Israel-based Fintech utilizing blockchain technology to boost efficiency for secondary trading. Simetria is the only Fintech in Israel to have… Read More

November 3, 2022 @ 6:13 pm By JD Alois  |  

PayPal (NASDAQ:PYPL) shares sank today after Q3 earnings failed to convince investors that all is good with the payments provider. PayPal apparently reported OK Q3 numbers, but the guidance worried shareholders. On the other hand, Block, formerly known as Square (NYSE:SQ), moved higher in after-hours… Read More

November 3, 2022 @ 5:33 pm By JD Alois  |  

Stripe has issued a statement that it has cut 14% of its workforce as the challenging economy of sky-high inflation, rising interest rates, and slowing business activity hits home. Stripe said they expect to return to their February headcount of 7000 employees. In a letter… Read More

November 3, 2022 @ 12:21 pm By JD Alois  |  

Senator Pat Toomey, the ranking member on the Senate Banking Committee, and Representative Patrick McHenry have co-authored a letter addressed to SEC Chairman Gary Gensler demanding answers regarding “mismanagement” of the Commission, which were highlighted in a recent report by the SEC’s Office of Inspector… Read More

November 3, 2022 @ 11:04 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) announced earnings yesterday that delivered a slightly better result than anticipated. Today, shares in Robinhood are inching higher – fighting a down market day – but minor gains belie a company that has lost around 2/3s of its value since its initial public… Read More

November 3, 2022 @ 9:51 am By JD Alois  |  

Partior has raised a Series A led by Standard Chartered with the support of existing investors JP Morgan, DBS, and Temasek – the Singapore government’s investment fund. The note from Partior did not include details on the funding round. Partior is a platform that strives… Read More

November 2, 2022 @ 1:05 pm By JD Alois  |  

Capchase has announced its expansion into Germany. Based in New York City, Capchase provides debt capital to SaaS companies. The company reports that since launching in 2020, it has worked with 3,000 customers, providing over $1.5 billion in funding available. Miguel Fernandez, co-founder and CEO… Read More

November 2, 2022 @ 12:08 pm By JD Alois  |  

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public blockchain to test FX trading and government securities transactions. According to DBS, the first industry pilot included JP Morgan, and SBI Digital Asset… Read More

November 2, 2022 @ 11:04 am By JD Alois  |  

Hong Kong has publicly asserted its interest in digital assets or “virtual assets” in a statement issued by the Financial Services and the Treasury Bureau. The document states: “As an international financial centre, Hong Kong is open and inclusive towards the global community of innovators… Read More

November 1, 2022 @ 8:27 am By JD Alois  |  

Insurtech Cover Genius has raised $70 million in a Series D round led by Dawn Capital. New investors Atlas Merchant Capital joined with existing investors GSquared and King River Capital to fund the round. The round was said to be oversubscribed and came at a… Read More

November 1, 2022 @ 8:06 am By JD Alois  |  

Wirex has announced a new high-yield tool that claims to generate up to 200% returns, a yield that is pretty extreme – perhaps raising more questions than answers. According to Wirex, DUO allows its customers to earn the difference in market price from a trading… Read More

October 31, 2022 @ 7:06 pm By JD Alois  |  

Apollo (NYSE: APO), one of the largest private equity and asset managers in the world, has custodied its first digital assets with Anchorage Digital, according to a company statement. Apollo currently has a market cap of over $33 billion. A growing number of banks and… Read More

October 31, 2022 @ 3:29 pm By JD Alois  |  

Valereum plc (AQSE: VLRM) has been approved to acquire the Gibraltar Stock Exchange (GSX). The consent was provided by the Gibraltar Financial Services Commission (GFSC). The deal was first revealed in the fall of 2021. The acquisition is expected to be completed in the first… Read More

October 31, 2022 @ 2:42 pm By JD Alois  |  

  Wefunder, one of the leading funding portals raising money for early-stage firms, is nearing the close of its most recent Reg CF investment crowdfunding round. The round is being hosted on HoneyComb Credit – another funding portal that typically provides small business loans. Currently,… Read More

October 31, 2022 @ 2:16 pm By JD Alois  |  

DBS, a top financial services group in Asia with a presence in 18 markets and based in Singapore, has announced an initiative to create a programmable digital Singapore dollars (DSGD). The project has the defacto approval of the Singapore government which recently indicated its support… Read More

October 31, 2022 @ 8:13 am By JD Alois  |  

Financial Conduct Authority (FCA) CEO Nikhil Rathi delivered a speech last week that reflected upon the ever-changing regulatory environment. Rathi re-affirmed the FCA’s mission of fostering competition stating, “we will continue to embed competitiveness throughout our regulatory approach,” while noting this will not come to… Read More

October 30, 2022 @ 8:21 pm By JD Alois  |  

While Africa is frequently overlooked in regard to tech development, Fintech is one sector that has boomed in the continent. A recent report distributed by Mastercard highlights the growth of innovation in financial services in the region, calling it a “funding powerhouse.” The report notes… Read More

October 28, 2022 @ 4:10 pm By JD Alois  |  

With the advent of a new Prime Minister in the UK, expectations are high that Rishi Sunak will chart a determined path to enable Fintech innovation, including in the digital assets ecosystem. In the past few days, a new Financial Services and Markets bill was… Read More

October 28, 2022 @ 3:39 pm By JD Alois  |  

AWS competitor Filecoin has announced the availability of its CDN labeled “Filecoin Saturn.” Filecoin, a project from Protocol Labs, harkens back to the initial coin offering (ICO) days when it raised a whopping $200+ million with the assistance of Coinlist. While most coin offerings of… Read More

October 28, 2022 @ 3:28 pm By JD Alois  |  

Kin, an Insurtech that provides direct-to-consumer home insurance, has raised $145 million in debt capital, according to a statement from the firm. The funding was led by Runway Growth Capital and the Avenue Venture Opportunities Fund. Kin says the money will help it support the… Read More