February 17, 2022 @ 10:00 pm By JD Alois  |  

Rellevate, a neobank and payments platform, is raising growth capital on SeedInvest. According to the offering page, Rellevate is looking to raise up to $4 million in a Seed round at a pre-money valuation of $13.5 million. The offering is being issued under both Reg… Read More

February 17, 2022 @ 2:57 pm By JD Alois  |  

The US Department of Justice has announced the selection of Eun Young Choi as the first Director of the National Cryptocurrency Enforcement Team (NCET). The new division at Justice is in recognition of the growth of the digital asset sector as well as the need… Read More

February 17, 2022 @ 2:43 pm By JD Alois  |  

Last week the SEC’s Small Business Capital Formation Advisory Committee held a meeting to discuss the definition of an Accredited Investor. This definition decides who can, and who cannot, access certain private securities offerings – all based on an income or wealth metric. It does… Read More

February 17, 2022 @ 11:31 am By JD Alois  |  

Open Banking in the UK has topped 5 million users according to a statement by the Open Banking Implementation Entity (OBIE). The data is provided by the CMA9, the nine banks and building society mandated under the CMA Order to implement open banking in the… Read More

February 17, 2022 @ 11:20 am By JD Alois  |  

The Ageras Group has raised €30 million ($34 million) to accelerate the expansion of its business described as a financial cockpit for SMEs. The company said the funding was raised from a group of American and European investors including seven new investors, Centripetal Capital and… Read More

February 17, 2022 @ 11:00 am By JD Alois  |  

Neobank Revolut has selected Ibrahim “Ibo” Dusi as its Chief Risk Officer for Americas, according to a statement from the company. Revolut says that as Chief Risk Officer for Americas, Dusi will oversee risk management for Revolut in North and South America. He will be… Read More

February 17, 2022 @ 10:27 am By JD Alois  |  

The Financial Stability Board (FSB) published a report yesterday on crypto-asset risks. The FSB is an international entity that promotes global financial stability. As digital assets have grown, the FSB has engaged in the ongoing discussion of the importance and systemic impact of crypto. The… Read More

February 17, 2022 @ 9:27 am By JD Alois  |  

Creator of Filecoin, Protocol Labs, has announced the creation of a $38 million Filecoin NNI Renewable Energy Fund in partnership with Nelnet. The Fund is focused on investments in solar energy throughout the United States, with Nelnet Renewable Energy Services (NYSE: NNI). Dr. Alan Ransil,… Read More

February 17, 2022 @ 9:14 am By JD Alois  |  

Propine, a licensed and regulated digital asset platform, is partnering with Watiga to provide digital asset services. Watiga is an independent professional services group of companies located in Singapore, providing trust, funds, corporate and legal services focusing on private equity, venture capital, mezzanine, and other… Read More

February 17, 2022 @ 9:02 am By JD Alois  |  

Neobank Revolut has announced an “all-in-one” payroll solution for UK SMEs, according to a release. Revolut describes the service as a “first-of-its-kind milestone” for the industry, integrating payroll directly into a business account. Revolut Business is a digital banking vertical that is designed to bring… Read More

February 17, 2022 @ 4:00 am By JD Alois  |  

Insurtech Laka has partnered with the sports retailer Decathlon to provide a tech-driven insurance offering for customers as bike theft is on the rise. Laka is a bike insurance provider – including e-bikes, etc. – and also offers health and recovery coverage. The news follows… Read More

February 16, 2022 @ 10:31 pm By JD Alois  |  

Australian Honey Ventures (AHV) is reporting a rapid raise on leading online investment platform Birchal in Australia. According to a note from the issuer, over $1 million (AUS) was raised from 480+ investors in just thirty minutes of launch on Birchal The Western Australian agriculture… Read More

February 16, 2022 @ 5:42 pm By JD Alois  |  

Announced today, the Travel Rule Universal Solution Technology (TRUST) is an industry-embraced solution to comply with the FATF Travel Rule that targeted VASPs (virtual asset service providers) globally. Announced by founding members who include most of the biggest names in crypto, the Trust platform is… Read More

February 16, 2022 @ 5:11 pm By JD Alois  |  

FIS (NYSE: FIS) has announced a partnership with Crypto.com. FIS is a provider of tech solutions for merchants, banks, and capital markets firms globally. Crypto.com will use Worldpay from FIS as a blockchain validator, utilizing FIS’s payment gateway and global acquiring services to support continued global… Read More

February 16, 2022 @ 4:10 pm By JD Alois  |  

Check has raised a $75 million Series C led that was laid by payments platform Stripe. The funding included the participation of existing investors Index, Thrive, and Bedrock. Check is an early-stage payroll infrastructure firm whose mission is to make paying people simple. Its platform… Read More

February 16, 2022 @ 3:36 pm By JD Alois  |  

The Cloud Security Alliance (CSA) has published a report on blockchain or distributed ledger technology (DLT) that highlights risk and security considerations. The report specifically focuses on Hyperledger Fabric security. The CSA is a  group that represents a diverse group of firms in the cloud… Read More

February 16, 2022 @ 3:09 pm By JD Alois  |  

Insurtech Assurely has announced the expansion of their TigerMark Directors and Officers Liability (D&O) insurance program. Assurely is the only insurance platform publicly promoting its exempt securities insurance program. Assurely insures companies and platforms using Reg CF, Reg A+ and Reg D 506c According to… Read More

February 16, 2022 @ 12:00 pm By JD Alois  |  

Web3 lending platform Bacon Protocol says that it will launch a governance token, $BACON to grant its community of homeowners and liquidity providers rights to participate in the future of mortgage lending on the blockchain. According to a company release, the Bacon Protocol introduces a… Read More

February 16, 2022 @ 11:53 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) wants to make it easier for consumers to change the rules when it comes to consumer finance via a public petition service. According to a release, as of today members of the public can submit petitions for rulemaking directly… Read More

February 16, 2022 @ 11:30 am By JD Alois  |  

Funding Societies, an online capital formation platform serving Asia, has announced $294 million in funding led by SoftBank. According to a statement by the company, USD $144 million was raised in an oversubscribed Series C+ equity round led by SoftBank Vision Fund 2, with new… Read More