May 2, 2022 @ 3:22 pm By JD Alois  |  

QED Investors, one of the most active and successful VCs in the Fintech sector, has selected a new Principal. According to QED, San Francisco-based Victoria Zuo will be aiding QED to seek promising young early-stage Fintech firms. Prior to joining QED, Zuo helped lead fintech… Read More

May 2, 2022 @ 2:34 pm By JD Alois  |  

Assurely, an Insurtech that has targeted the marketplace sector, has partnered with Dalmore Group to offer TigerMark Directors and Officers (D&O) insurance. TigerMark is an Assurely product that provides D&O insurance and claims to be the only program on the market that covers companies raising… Read More

May 2, 2022 @ 11:28 am By JD Alois  |  

Last week, the University of East London (UEL) launched the Centre of Fintech, a new hub that aims to leverage expertise within the University in research, finance, technology, law, and regulation. The launch was hosted at the Houses of Parliament and included the participation of… Read More

May 2, 2022 @ 9:36 am By JD Alois  |  

First Internet Bancorp (Nasdaq: INBK), the parent company of First Internet Bank, has terminated a planned merger with First Century Bancorp. First Internet Bank claims title as the first branchless, chartered bank having opened its virtual doors in 1999. The combination with First Century Bank… Read More

May 2, 2022 @ 7:45 am By JD Alois  |  

Margrethe Vestager, EU Executive VP, Competition Policy, is pursuing big tech once again, this time hitting Apple (NASDAQ:AAPL) with anti-trust charges. Today in a public statement, the European Commission said it has sent a Statement of Objections to Apple regarding its view that it abused its… Read More

May 1, 2022 @ 6:29 pm By JD Alois  |  

Mükellef, a Turkish startup that is an end-to-end business startup solution, has raised $1 million at a $21 million valuation, according to a statement from the company. Investors, including Finberg, Oyak Portföy, Colendi, hiVC, and Agah Uğur. Okan Şafak, founder of Mükellef, said the funding… Read More

May 1, 2022 @ 4:27 pm By JD Alois  |  

The Securities and Exchange Commission is currently pursuing new rules under the auspices of ESG: Environmental, Social, and Governance. In March of 2022, SEC Chairman Gary Gensler explained they were aiming to require disclosure for firms on issues such as climate impact. He explained: “The… Read More

April 30, 2022 @ 6:26 pm By JD Alois  |  

Crypto donations from around the world have aided both the Ukraine government as well as certain private firms like digital news sites covering the ongoing war with Russia. Crypto transfers can be low-cost and moved quickly (depending on the digital asset) and charitable transfers to… Read More

April 30, 2022 @ 5:48 pm By JD Alois  |  

  It was reported earlier this month that crypto startup Beanstalk was the target of an exploit that saw a theft of up to $180 million in value. Around the time of the Attack, the Bean team stated “We’re engaging all efforts to try to… Read More

April 29, 2022 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to discuss two specific topics: SPACs or Special Purpose Acquisition Companies and Climate Disclosure. The meeting will take place on Friday, May 6, 2022. According to a statement by… Read More

April 29, 2022 @ 5:09 pm By JD Alois  |  

CoinList has announced the launch of CoinList Digital Asset Services. CoinList described the business line as a “new chapter ” for the digital asset firm. CoinList is a digital asset issuance ecosystem as well as a trading platform. The company has powered many big crypto… Read More

April 29, 2022 @ 4:26 pm By JD Alois  |  

Relai, a Bitcoin trading app, says it has quickly surpassed its offering goal on Crowdcube in just a few hours. According to the company, Relai reached its fundraising target on Crowdcube within the first few hours. Pepe Borrell, VP of international at Crowdcube, said that… Read More

April 29, 2022 @ 12:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Steven Chiang a/k/a Cyrus Kong, Eric Tippetts, James Hardy, and Maurice “Butch” Chelliah in regards to an alleged digital asset offering that has been deemed an unregistered securities offering. According to the other SEC, the defendants raised… Read More

April 29, 2022 @ 12:48 pm By JD Alois  |  

Insurtech Draftrs has announced professional liability insurance for smaller firms. According to a company statement, coverage is completed via a digital process with instant underwriting. Draftrs added that it is launching the professional liability insurance product specifically targeting architects and engineers, developed in collaboration with… Read More

April 29, 2022 @ 12:38 pm By JD Alois  |  

Genesis, a crypto asset spot and derivatives trading platform, has distributed a report on Q1 performance. According to Genesis, it was a record quarter in crypto derivatives trading in contrast to the lower crypto trading volumes and volatile market exacerbated by the war in Ukraine,… Read More

April 29, 2022 @ 11:01 am By JD Alois  |  

CoinFLEX, a crypto futures exchange and yield platform, has announced the launch of a US-facing marketplace CoinFLEX.US. CoinFLEX is ostensibly based in Seychelles. Based in Miami – a burgeoning Fintech hub, the US subsidiary will offer zero-fee trading and interest-earning stablecoin flexUSD. CoinFLEX is backed… Read More

April 29, 2022 @ 10:39 am By JD Alois  |  

Robinhood (NASDAQ:HOOD) reported earnings this week and they were dismal. Besides negative numbers on both the top and bottom lines, Robinhood reported that Monthly Active Users (MAUs) dropped by a whopping 10% going from 15.9 million in March 2022 from 17.7 million in March 2021…. Read More

April 29, 2022 @ 9:18 am By JD Alois  |  

This week the Times published an article on the Future Fund and its performance, slamming it for “over 30 failures.” Managed by the British Business Bank, the Future Fund was one of several COVID support programs designed to backstop firms impacted by the pandemic. The… Read More

April 28, 2022 @ 4:28 pm By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social investment platform that marries digital assets with traditional securities, has reported Q1 earnings and they are a bit disappointing. Robinhood said that net revenues decreased to $299 million in comparison with $522 million in the first quarter of 2021, a whopping… Read More

April 28, 2022 @ 4:15 pm By JD Alois  |  

Big tech firm and iPhone creator Apple (NASDAQ:AAPL) is going to be hammered once again by the European Union. This time with accusations that Apple Pay is anti-competitive. Apple Pay was introduced by Apple in 2014 along with iPhone 6 and has been slowly rolled… Read More