January 25, 2022 @ 8:38 am By JD Alois  |  

Modulr, a payments Fintech based in Amsterdam, has been approved to operate as an Electronic Money Institution (EMI) by De Nederlandsche Bank (DNB).  Modulr is already approved to operate as an EMI in the UK and Ireland. Modulr states that it doubled its lifetime payment… Read More

January 25, 2022 @ 8:28 am By JD Alois  |  

Marketplace lending platform EstateGuru has posted its 2021 financial results. According to the investment platform loan volumes increased by 69%, revenues 58%, new investors by 35% compared to 2020. EstateGuru said that all of the countries where they operate exceeded their targets with total lending… Read More

January 24, 2022 @ 10:23 pm By JD Alois  |  

Former senior Westpac executive Jim Tate has been appointed as the Chairman of Fintech mx51. mx51 is a payments-as-a-service provider that enables banks and non-banks to provide multi-channel payments and value-added solutions to merchants. mx51 reports that it currently powers major Australian banks and payments providers… Read More

January 24, 2022 @ 10:11 pm By JD Alois  |  

Leading property finance platform LendInvest (LSE: LINV) has acheived £2 billion in assets under management (AUM). LendInvest noted that had reached £1 billion of AUM in 2019 – ten years from its launch. This newest mileston is indicative of platform growth. LendInvest said that strong… Read More

January 24, 2022 @ 6:02 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member on the House Financial Services Committee, has sent a public letter to Congresswoman Maxine Waters, Chair of the House Financial Services Committee, requesting they work together to allow digital assets to “flourish.” Both Representatives have recently issued public statements… Read More

January 24, 2022 @ 5:01 pm By JD Alois  |  

The Bank of Russia has published a consultation paper on “Cryptocurrencies: Trends, Risks and Regulation.” The central bank has published an executive summary which is available in English. According to the bank, Russian citizens are currently transaction around $5 billion in crypto per year. Meanwhile,… Read More

January 24, 2022 @ 4:34 pm By JD Alois  |  

  As CI has recently covered, Jacksonville, Florida is an emerging Fintech hub in the US. While Florida has boomed in the past couple of years due to its good governance and business/startup-friendly policies, Jacksonville has managed to attract a good number of financial services… Read More

January 24, 2022 @ 11:27 am By JD Alois  |  

Jacksonville, Florida is one of the hottest Fintech markets in the US. A combination of low taxes, great weather, and a business-friendly government has helped Jacksonville to generate over 62,000 in Fintech jobs. In recognition of this ongoing phenomenon, Groundfloor, a real estate crowdfunding platform,… Read More

January 24, 2022 @ 11:17 am By JD Alois  |  

OTC Markets has published its annual ranking of the top 50 firms traded on its platform. The OTCQX Best 50 ranks the top U.S. and international companies traded on the OTCQX Best Market, based on an equal weighting of one-year total return and average daily… Read More

January 24, 2022 @ 11:05 am By JD Alois  |  

Cosimo Ventures, a VC in the blockchain – digital asset sector, says that 2021 was a record-setting year. In a release, Cosimo reported its participation in 17 deals including rounds for Casper Labs, Hedera, Archax and Dusk Network. Cosimo enables investors access to their venture… Read More

January 24, 2022 @ 10:41 am By JD Alois  |  

Coinshares reports that digital asset investment inflows totaled $14.4 million last week. While breaking a 5-week downward trend, the amount was still pretty small. Coinshares states that total assets under management (AuM) are now $51 billion, the lowest since early August 2021, having fallen 41%… Read More

January 24, 2022 @ 10:16 am By JD Alois  |  

The Financial Technology Association (FTA) has announced that Miranda Margowsky has joined the group as its Vice President of Communications. According to a statement by the FTA, Margowsky is a “senior-level strategist and policy communications expert who brings a winning record of driving impactful, effective,… Read More

January 24, 2022 @ 10:05 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has once again denied an attempt to list a Bitcoin Exchange Traded Fund (ETF). In a filing last week, the SEC outlined its justification “disapproving a proposed rule change to list and trade shares of the First Trust SkyBridge… Read More

January 23, 2022 @ 6:52 pm By JD Alois  |  

Revolut’s new stock trading feature for US accounts is placing it on a trajectory to compete with other neobanks, digital banks, and investment platforms. Revolut aspires to receive a national bank charter in the US to become a full-blown digital bank – a long and… Read More

January 23, 2022 @ 4:31 pm By JD Alois  |  

Last May 2021, it was announced that Acorns, a digital wealth management platform, would become a publicly traded firm in a SPAC deal valued at $2.2 billion. Last week, it was announced the SPAC merger had been axed. Pioneer Merger Corp (NASDAQ: PACX), the SPAC… Read More

January 22, 2022 @ 2:15 pm By JD Alois  |  

This past week, the US Federal Reserve issued a discussion document on the possibility of a central bank digital currency or CBDC. Like many central banks around the world, the Fed is considering if a digital dollar will be a positive step or a negative… Read More

January 21, 2022 @ 10:42 am By JD Alois  |  

Bitcoin is tanking. Around the beginning of the year, Bitcoin was trading at over $50,000. Today, BTC has lost a dramatic amount of value trading at under $40,000. While Bitcoin is not alone in its decline (Ethereum has crashed too), BTC is the most popular… Read More

January 21, 2022 @ 10:29 am By JD Alois  |  

Thomas Smith, Head of Business Development for Netcapital (OTCQX: NCPL), has received the John T. “Doc” Tynan Profile in Courage Award by the South Boston Citizens’ Association. Netcapital is an online capital formation provider assisting early-stage firms in accessing growth financing. The award, delivered by… Read More

January 20, 2022 @ 10:42 pm By JD Alois  |  

Crowdfund Insider, a leading news and information website covering the emerging global industry of disruptive finance including investment crowdfunding, blockchain, and other forms of Fintech, has launched a six-part webinar series exploring and evaluating the ongoing US crowdfunding revolution, starting in February 2022. The JOBS… Read More

January 20, 2022 @ 9:12 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has settled with tZERO ATS for transgressing certain rules. An ATS, or alternative trading system, is similar to an exchange as approved operators may facilitate trading of securities. According to the SEC, tZERO ATS must cease and desist from committing… Read More