October 9, 2022 @ 10:34 pm By JD Alois  |  

Fintech startup Hedgehog has raised over £1.56 million on Seedrs. As was previously reported, Hedgehog was aiming to raise £1 million but has easily topped that amount by over 50%. Hedgehog was offering equity at a pre-money valuation of £20.4 million. The offering was EIS-approved…. Read More

October 9, 2022 @ 3:33 pm By JD Alois  |  

This past week, Singapore MP Yip Hon Weng queried public officials about the risk of money laundering and fraud in the cryptocurrency markets. Singapore has emerged as a top hub for digital asset innovation with some firms moving to the country due to its Fintech-friendly… Read More

October 8, 2022 @ 6:58 pm By JD Alois  |  

PayPal’s (NASDAQ:PYPL) forthcoming Acceptable Use Policy is garnering outrage on Twitter as users must agree to monetary penalties for crossing the PayPal moral guidance line. A new Acceptable Use Policy, to take effect on November 3, 2022, states: “You are independently responsible for complying with all… Read More

October 7, 2022 @ 5:22 pm By JD Alois  |  

Mozzeno, a peer-to-peer lending platform based in Belgium, has surpassed €100 million in individual loans, according to a blog post. Mozzeno raised €465,000 in pre-seed funding in 2016 and went on to originate its first loan the following year. Mozzeno celebrated its 5-year anniversary in… Read More

October 7, 2022 @ 4:49 pm By JD Alois  |  

Monthly non-farm payrolls came in hot today, alongside a robust employment report, causing markets to swoon as the likelihood of a Fed pause diminishes. Everyone now believes that the Fed will continue its path to curb-stomp inflation after a too-long period where the central bank… Read More

October 7, 2022 @ 4:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has re-opened the commenting period due to a “technological error,” according to a statement by the regulator. Historically, when the Commission proposes new rules, there is a period of time where individuals and entities may comment as to how… Read More

October 7, 2022 @ 12:41 pm By JD Alois  |  

Security token platform Tokeny has announced a partnership with Assetera, a regulated digital asset exchange. Tokeny is the leading digital securities platform in Europe that provides the ecosystem for issuers to leverage blockchain technology. Assetera is licensed and supervised by the Austrian FMA to provide… Read More

October 7, 2022 @ 12:24 pm By JD Alois  |  

Sanctions continue to tighten on Russia as the war drags on with the Ukrainians rapidly regaining their territory. Russia recently held sham elections in several provinces in an attempt to show that inhabitants want to be a part of Russia. While President Putin said he… Read More

October 7, 2022 @ 9:44 am By JD Alois  |  

Late yesterday, BNB Chain – part of Binance, announced that they were temporarily halting BSC or BNB Smart Chain, following “irregular activity” which was later described as a “potential exploit.” The price of BNB dropped on the news. The thread was updated to indicate that… Read More

October 7, 2022 @ 9:10 am By JD Alois  |  

Spreds has become the first investment crowdfunding platform in Belgium to be approved under ECSPR [European Crowdfunding Service Providers Regulation] to provide pan-European crowdfunding. Spreds, founded in 2011, is authorised by the Belgian financial regulator FSMA. In late 2021, the European Union approved new pan-European… Read More

October 7, 2022 @ 8:26 am By JD Alois  |  

As initial public offerings (IPO) sink due to a one-two punch of a challenging market and the never-ending onslaught of additional regulations foisted upon issuers, the SEC’s Small Business Capital Formation Committee has scheduled a meeting to discuss IPOs as well as entrepreneurship hubs. The… Read More

October 6, 2022 @ 5:14 pm By JD Alois  |  

abrdn plc, a global investment company based in Scotland that reports £508 billion in assets and 5000 employees, has joined the Hedera Governing Council. According to Hedera, abrdn will move to make Hedera the technology of choice for investment fund tokenization. In a company statement,… Read More

October 6, 2022 @ 11:42 am By JD Alois  |  

In a letter sent to the Chair of the Committee on Economic and Monetary Affairs of the European Parliament, the European Council said it approved of the Parliament’s position on the Markets in Crypto Assets (MiCA) directive as it stands and it will be adopted… Read More

October 6, 2022 @ 10:33 am By JD Alois  |  

Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair. Oakley was most recently the Managing Director of Metro Bank…. Read More

October 6, 2022 @ 10:18 am By JD Alois  |  

This past July, payments Fintech Payoneer (NASDAQ: PAYO) reports that it surveyed 4,200 Ukrainian SMEs who are clients of the company that also work with customers outside of Ukraine. According to Payoneer, businesses in Ukraine remain resilient, persevering even as the unprovoked war with Russia… Read More

October 6, 2022 @ 9:11 am By JD Alois  |  

Real estate crowdfunding platform CrowdProperty says it has topped £600 million in property projects, after a “record-breaking” September. During the month, CrowdProperty lent £14.3 million to enable the construction of residential property developments by small and medium-sized developers across the UK. When comparing the same… Read More

October 5, 2022 @ 10:10 pm By JD Alois  |  

Bank North, a UK hybrid bank that only gained its banking license in late 2021 is calling it quits, according to multiple reports. Bank North co-founder Richard Baker posted on LinkedIn this past week that the challenger bank “has failed to raise the capital it… Read More

October 5, 2022 @ 5:06 pm By JD Alois  |  

Last week, the Association of Online Investment Platforms (AOIP), a young group aiming to advocate on behalf of online capital formation including securities crowdfunding, visited Congressional staff as well as individuals at the Securities and Exchange Commission. The AOIP members discussed possible legislation and regulations… Read More

October 5, 2022 @ 3:04 pm By JD Alois  |  

Almost 28,000 investors backed Reg CF securities offerings in September 2022 – over 20% greater than the year prior but 2.3% down from August as the economy sputters with high inflation and a recession. A report from Crowdfund Capital Advisors indicates that people are writing… Read More

October 5, 2022 @ 12:30 pm By JD Alois  |  

Representative Patrick McHenry, ranking Republican on the House Financial Services Committee, along with Representative French Hill and members of the Republican Digital Asset Working Group, have sent a letter to the US Department of Justice requesting an assessment on whether or not legislation is needed… Read More