January 12, 2022 @ 9:37 am By JD Alois  |  

Seedrs, a leading UK-based securities crowdfunding platform that is merging with Republic, has provided a retrospective of 2021 performance. According to Seedrs, 2021 was a year that delivered record-level funding. The top-line numbers are as follows: £696 million invested into securities offerings 310 funded deals… Read More

January 12, 2022 @ 1:00 am By JD Alois  |  

OurCrowd, a global investment crowdfunding platform, is holding a virtual Job Fair on January 17, 2022, from 5 to 7 pm (Israel Time). According to a note from OurCrowd, the Job Fair aims to fill positions at over 170 of its portfolio companies. The online… Read More

January 11, 2022 @ 6:18 pm By JD Alois  |  

Neobanks are still hot. Novo, a Miami-based neobank targeting the SME market, has announced a $90 million Series B funding round at a pre-money valuation of $700 million. The new funding brings Novo’s total funding to about $135 million. Novo raised its seed round in… Read More

January 11, 2022 @ 5:53 pm By JD Alois  |  

As part of a previously announced $8.5 billion SPAC deal with EJF Acquisition Corp. (NASDAQ: EJFA, EJFAU, EJFAW), Pagaya is reporting an “upsized” PIPE of $350 million – an equity offering that was said to be oversubscribed. The PIPE was increased by $150 million from… Read More

January 11, 2022 @ 3:15 pm By JD Alois  |  

Buy now, pay later (BNPL) offerings are booming. BNPLs can provide access to credit at a lower rate than credit cards – which tend to charge very high rates for revolving credit. For consumers interested in making a significant purchase, BNPL can be an excellent… Read More

January 11, 2022 @ 12:22 pm By JD Alois  |  

Genesis, a crypto prime brokerage, has published a report covering last month (December 2021). According to Genesis, their perspective shows that Bitcoin acts more like a “risk asset” than an inflation hedge – something many observers frequently ascribe to BTC. The firm said that the… Read More

January 11, 2022 @ 11:53 am By JD Alois  |  

Fly Now Pay Later is not just a service, it is a company – a Fintech that has just raised $75 million in a debt round led by funds managed by Atalaya Capital Management. According to a public release, the investment also included an undisclosed… Read More

January 11, 2022 @ 9:26 am By JD Alois  |  

Fintech Brex has confirmed the $300 million funding as part of a Series D-2 round led by Greenoaks Capital and Technology Crossover Ventures (TCV). It was reported in October 2021 that Brex had raised $300 million as part of the Series D and the company… Read More

January 11, 2022 @ 5:56 am By JD Alois  |  

PayU has partnered with SBM Bank India to launch LazyCard, a prepaid card backed by a credit line. LazyPay is PayU’s BNPL solution. According to a company statement, the card aims at empowering the financially underserved with easy access to credit. LazyCard is said to… Read More

January 10, 2022 @ 4:47 pm By JD Alois  |  

LendingClub (NYSE:LC), a federally chartered digital bank, will share Q4 results and full-year 2021 performance later this month on January 26, 2022. LendingClub now has a complete year of operating as a digital bank following its acquisition of Radius Bank. LendingClub, once an online lender,… Read More

January 10, 2022 @ 4:29 pm By JD Alois  |  

Republic, a leading online capital formation platform that is becoming the future of investment banking and investing in general, has finally acquired Republic.com. Previously, the platform was using Republic.co. While most users will not notice any change, the acquisition of the domain – one previously… Read More

January 10, 2022 @ 3:25 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has published its annual list of investor lists. NASAA is the lobbying-representative group that represents state securities regulators across the US as well as provincial regulators in Canada and Mexican regulators as well. Topping the list for 2022… Read More

January 10, 2022 @ 12:30 pm By JD Alois  |  

As has been widely reported, California is experiencing an exodus when it comes to innovators and entrepreneurs. The top replacement destinations are Texas and Florida – where multiple cities have benefitted from the migration (see Jax). South Florida, specifically Miami, has embraced this trend by… Read More

January 10, 2022 @ 10:25 am By JD Alois  |  

Senator Pat Toomey and Representative Patrick McHenry have sent a letter to SEC Chairman Gary Gensler criticizing his decision to limit comment periods on proposed rulemaking. McHenry is the Ranking Member on the House Committee on Financial Services and Toomey is the Ranking Member on… Read More

January 10, 2022 @ 9:41 am By JD Alois  |  

At least one former enforcement executive from the Securities and Exchange Commission (SEC) is predicting the demise of crypto – or at least a significant setback for digital assets. John Reed Stark, former head of the SEC’s Internet Enforcement team says that new rules from… Read More

January 10, 2022 @ 2:00 am By JD Alois  |  

BrikkApp, a European online real estate investment platform, is aggregating over 200 real estate investment crowdfunding platforms, according to a statement from the company. The new marketplace aims to simplify the process of matching money with investment opportunities around the world. BrikkApp notes that it… Read More

January 9, 2022 @ 7:00 pm By JD Alois  |  

Doug Ellenoff of Ellenoff, Grossman and Schole Shares Insight into Booming SPAC Market. Special purpose Acquisition Companies or SPACs had a blowout year in 2021.  While the financing vehicle has been around for decades, in recent years SPACs have rocketed in popularity. SPACs are an… Read More

January 9, 2022 @ 7:00 am By JD Alois  |  

Last week, Petal, a credit card startup that issues cards in partnership with WebBank, announced a Series D funding round of $140 million led by Tarsadia Investments. In a blog post, Petal shared that new and existing investors in the round included Valar Ventures, CUNA… Read More

January 7, 2022 @ 6:01 pm By JD Alois  |  

The UK Parliament has created a cross-party group of MPs and Lords for “Crypto and Digital Assets.” The All-Party Parliamentary Group (APPG) aims to act as a forum for parliamentarians, policymakers and the UK crypto sector to discuss policy and regulation of the industry. According… Read More

January 7, 2022 @ 10:15 am By JD Alois  |  

Codat has announced a product partnership with Moody’s Analytics. Codat offers an API for small business data and Moody’s (NYSE: MCO) is a top provider of analytical tools. According to a release, Codat’s API will be integrated into Moody’s Analytics CreditLens solution and is designed… Read More