July 13, 2022 @ 11:41 am By JD Alois  |  

As was recently reported, Invesdor, a European securities crowdfunding platform, is raising capital for itself.  On the first day of  the offering going live, Invesdor reported topping €1.4 million. In an email distributed by the platform, Invesdor notes that it has now raised “2.1 million… Read More

July 13, 2022 @ 11:20 am By JD Alois  |  

The European Securities and Markets Authority (ESMA) has commenced a consultation on distributed ledger technology (DLT) or blockchain. The goal is to establish “consistent, efficient and effective supervisory practices within the European System of Financial Supervision (ESFS) and to ensure the common, uniform and consistent… Read More

July 12, 2022 @ 4:52 pm By JD Alois  |  

Morpho Labs, a French research and software development firm, has raised $18 million to pursue its vision of a new decentralized lending protocol. The funding round was led by Andreessen Horowitz (a16z) and Variant. The company states that approximately 100 investors participate in the funding… Read More

July 12, 2022 @ 4:08 pm By JD Alois  |  

The US Department of Treasury has issued a request for comments pertaining to the risks and opportunities affiliated with digital assets or crypto. Under Secretary of the Treasury for Domestic Finance, Nellie Liang issued the following statement on the request: “For consumers, digital assets may present… Read More

July 12, 2022 @ 11:35 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $400 million in a Series D funding round that gave the firm a $4.5 billion “post money” valuation, according to a statement by the company. The funding was in both debt and equity. The company did not share the… Read More

July 12, 2022 @ 10:14 am By JD Alois  |  

Three Arrows Capital (3AC), a crypto hedge fund that was recently ordered to liquidate its holdings following the impact of crypto contagion, is in the news once again as a report indicates its founders have disappeared. Meanwhile, one founder has reappeared on Twitter, indicating they… Read More

July 12, 2022 @ 9:53 am By JD Alois  |  

As was previously reported, Klarna has raised $800 million in funding but at an even lower valuation. Klarna raised the capital at a “post-money” valuation of $6.7 billion. This is a profound drop in valuation as Klarna was valued at $45.6 billion in the not-so-distant… Read More

July 11, 2022 @ 6:21 pm By JD Alois  |  

BetaBank has selected Finxact, part of Fiserv, to power its product ecosystem, according to a release. BetBank is still working on the regulatory side, having applied for a banking charter earlier this year. BetaBank is said to be working on a fully automated digital lending… Read More

July 11, 2022 @ 6:02 pm By JD Alois  |  

Insurtech Acrisure has gained the naming rights for the Pittsburgh Steelers stadium. According to a statement from Acrisure, the rights are held for 15 years. Details on the deal were not released. The stadium had been named Heinz Field since it opened in 2001. Founded… Read More

July 11, 2022 @ 11:13 am By JD Alois  |  

  On Saturday, Coinflex, another crypto trading and yield platform, posted another update on their bleak situation. In June, Coinflex announced that it was temporarily halting all withdrawals as well as trading due to crypto market volatility. Initially, expectations were for t reading to resume… Read More

July 11, 2022 @ 9:42 am By JD Alois  |  

The Bank for International Settlements (BIS) has issued a report on the interoperability of central bank digital currencies or CBDCs. While few countries have issued a CBDC, just about all developed countries, and some developing ones, are investigating the possibility of migrating fiat to a… Read More

July 11, 2022 @ 2:00 am By JD Alois  |  

Anchorage Digital Weathers Crypto Storm Crypto lending and yield platforms have garnered a lot of attention lately due to the troubles at firms like Three Arrow Capital (3AC), Voyager Digital, and Celsius Network. The first two have filed for bankruptcy/liquidation. Celsius remains a bit of… Read More

July 11, 2022 @ 1:27 am By JD Alois  |  

Tide, a Fintech providing banking services to small businesses, has issued a warning that the UK could be in store for a challenging business environment as one in five small business owners may not make it through the year. According to a survey of 1000… Read More

July 10, 2022 @ 2:07 pm By JD Alois  |  

“AgTech bank” Oxbury Bank has raised an additional £20 million bringing its total raised to £68 million. Investors include Frontier Agriculture and Hutchinsons Group as well as existing tech investors Hambro Perks and Grosvenor Food & AgTech. Launching in February 2021, Oxbury reports having completed… Read More

July 10, 2022 @ 11:50 am By JD Alois  |  

Venture capital funding continues its march downward after a stellar 2021 for risk capital. Obviously, this is due to a deteriorating global economy, Giga high inflation, and central banks needed to battle rising prices by making money more expensive. CB Insights shared recently that global… Read More

July 10, 2022 @ 11:47 am By JD Alois  |  

Superscript, a UK-based Insurtech has commenced operations in the Netherlands – its first country outside of its home country. According to a blog post, Superscript has been approved by Dutch regulators, the Authority for Financial Markets (AFM) and may now offer its services across Europe…. Read More

July 8, 2022 @ 5:06 pm By JD Alois  |  

Federal Reserve Vice Chair Lael Brainard delivered a speech today for the Bank of England. The topic of discussion was crypto-assets and financial stability, currently a hot subject. Recently, digital asset markets have floundered causing several firms to cease operations. Tanking valuations have raised fears… Read More

July 8, 2022 @ 4:08 pm By JD Alois  |  

Filecoin was an early coin issuing star raising around $200 million in a CoinList-hosted token offering back in 2017. In the past years, the company has periodically issued updates on its progress in creating the world’s largest decentralized storage network. Today, Filecoin is once again… Read More

July 8, 2022 @ 1:38 pm By JD Alois  |  

Yapily, a UK-based open banking provider, says the technology is soaring across the UK and Europe. The company has posted a document highlighting open banking progress across 18 different European markets. In its ranking, the UK has the top spot with Germany moving up to… Read More

July 8, 2022 @ 9:31 am By JD Alois  |  

Celsius Network, a once-prominent crypto lending and yield platform that bashed traditional banks, has been sued in the State of New York, blasted with allegations of operating a “classic Ponzi scheme.” Last month, Celsius effectively shut down operations. On June 13th, Celsius tweeted: [we] are… Read More