August 18, 2022 @ 3:10 pm By JD Alois  |  

Apple Pay, one of Apple’s (NASDAQ:AAPL)  Fintech incursions, is now authorized on 75% of iPhones, according to a report in WSJ. Simultaneously, 90% of US retailers accept the form of digital payments. Pointing to research by Loup Ventures, the missive states that in 2016 a… Read More

August 18, 2022 @ 2:17 pm By JD Alois  |  

Vyne, an open banking service provider targeting payments, has announced a partnership with Wix (Nasdaq: WIX) – a website creation provider including for e-commerce sites. The partnership is said to give Wix’s UK based merchants access to Vyne’s open banking payments infrastructure, allowing direct payments… Read More

August 18, 2022 @ 11:03 am By JD Alois  |  

dWallet Labs has raised a $5 million seed round led by Digital Currency Group and Node Capital, according to a company statement. Other investors include; Amplify Partners, Lightshift Capital, Liquid2 Ventures, Collider Ventures, Lemnsicap, Heroic Ventures, Impatient Ventures, Zero Knowledge, Dispersion Capital, Token Bay Capital,… Read More

August 18, 2022 @ 8:07 am By JD Alois  |  

Wirex, a payments and crypto service, has added SEPA (Single Euro Payments Area) Instant and Faster Payments for UK and EEA customers to transfer British Pounds and Euros between their Wirex and bank accounts. Wirex has partnered with digital payment infrastructure provider, Modulr, to introduce… Read More

August 17, 2022 @ 4:16 pm By JD Alois  |  

Ranqx, a digital lender based in New Zealand, says it has expanded into North America to “fix” the SME credit and lending market. Ranqx says that following its success in the APAC region, it aims to address the small business lending market by providing banks,… Read More

August 17, 2022 @ 1:03 pm By JD Alois  |  

Super Payments Holdings Ltd has raised £22.5 million in an over-subscribed funding round led by Accel. Other investors include Union Square Ventures, LocalGlobe, and a number of angel investors, including Sir Ron Kalifa OBE, Edward Wray (co-founder of Betfair), Peter Jackson (CEO of Flutter), Gokul… Read More

August 17, 2022 @ 11:55 am By JD Alois  |  

Genesis, a digital asset prime brokerage providing services for qualified individuals and global institutional investors, has announced a number of executive changes to “position the company for its next phase of growth.” Genesis is controlled by the Digital Currency Group. Effective immediately, Michael Moro, Genesis… Read More

August 16, 2022 @ 5:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Dragonchain, Dragonchain Foundation, the Dragon Company and founder John Joseph Roets with raising $16.5 million in an “unregistered crypto asset securities offering.” In the complaint, the SEC alleges that Roets, Dragonchain, and the Foundation conducted an unregistered… Read More

August 16, 2022 @ 4:42 pm By JD Alois  |  

XTAGE, a digital asset trading platform created by Brazilian brokerage XP (Nasdaq: XP), has launched trading of Bitcoin and Ethereum, according to multiple reports. The creation of XTAGE was announced this past May as a collaboration with Nasdaq. At that time, Lucas Rabechini, Director of… Read More

August 16, 2022 @ 11:44 am By JD Alois  |  

Jarvo, a private firm raising capital on Seedrs, is reporting that it hit its £200,000 funding target in just 42 seconds. According to the company, this beats the previous record for the fastest funding round held by digital bank Monzo. That’s a wrap!! 🎉🎉 overfunded… Read More

August 16, 2022 @ 11:25 am By JD Alois  |  

Arc, a company that describes itself as the future of startup finance, has raised $20 million in Series A funding in a round led by Left Lane Capital. Other investors participating in the round include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain… Read More

August 16, 2022 @ 10:25 am By JD Alois  |  

Symbid, one of the earliest European investment crowdfunding platforms, has been acquired by a relatively new provider SeedBlink, according to a company statement. The terms of the deal were not disclosed. SeedBlink did share that they approached around 30 different firms before deciding on acquiring… Read More

August 15, 2022 @ 6:20 pm By JD Alois  |  

Varo Bank, the first true digital only bank that made it through the rigorous chartering process, has issued a comment letter on a potential change to the Community Reinvestment Act (CRA). The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation… Read More

August 15, 2022 @ 5:57 pm By JD Alois  |  

Galaxy Digital  (TSX: GLXY) has terminated its acquisition of Bitgo, an institutional digital asset trading and custody provider. Galaxy currently has a market cap of around CDN $2.9 billion. The proposed merger, put in place in 2021, valued Bitgo at around  $1.2 billion. In a… Read More

August 15, 2022 @ 3:04 pm By JD Alois  |  

  Dealmaker, a tech firm that aims to help companies raise more money faster, says it has been involved with 8 out of the 10 top online investment offerings to date. This is inclusive of all exemptions (Reg CF, Reg A+, and Reg D 5o6c)…. Read More

August 15, 2022 @ 2:26 pm By JD Alois  |  

Lake Parime, a UK-based supplier of cryptocurrency mining equipment, says it will open its first US headquarters in Jacksonville, Florida – a state that has seen migration and businesses boom as people flee high tax and less business-friendly states. Lake Parime said that it plans… Read More

August 15, 2022 @ 11:32 am By JD Alois  |  

MoneyLion (NYSE: ML) has partnered with Zogo to provide “enhanced financial education to over three million MoneyLion users.” MoneyLion is a neobank that leverages technology to offer “banking that gives you more.” Zogo is a financial literacy platform. The company notes this is the largest… Read More

August 15, 2022 @ 11:18 am By JD Alois  |  

Andreessen Horowitz (a16z) has committed $350 million to WeWork founder Adam Neumann’s new startup Flow, which is scheduled to launch in 2023. According to reports, a16z invested the funds in the startup at a $1 billion valuation. In a blog post, a16z outlined the premise… Read More

August 15, 2022 @ 10:22 am By JD Alois  |  

Gregory Klumov, CEO of STASIS – an issuer of a Euro stablecoin, has issued a statement criticizing Circle’s decision to freeze USDC that is parked in Tornado.Cash addresses. Circle, the issuer of the second largest stablecoin in the market, took the action following the US … Read More

August 15, 2022 @ 8:58 am By JD Alois  |  

Acala’s stablecoin aUSD, the “decentralized stablecoin of Polkadot” has lost its stablecoin status as it has depegged from the US dollar – now trading at around $0.85 but having dropped to almost $0.50. In a series of Tweets, Acala claimed the fall in value was… Read More