November 17, 2021 @ 9:48 am By JD Alois  |  

Directed IRA reports that over $40 million has been dedicated to the Gemini Crypto IRA Solution in the first 5 months. IRAs or individual retirement accounts, shield investors from taxes until the money is removed from the account. Somewhat similar to a 401K, IRAs can… Read More

November 17, 2021 @ 8:40 am By JD Alois  |  

If you have not encountered Crypto.com you are off-grid. From the ubiquitous television commercials starring Matt Damon to widespread promotions, the digital asset marketplace is everywhere. Today, crypto.com is entering a different realm by purchasing the naming rights of the Los Angeles Staples Center – soon… Read More

November 17, 2021 @ 8:21 am By JD Alois  |  

Yapily, an open banking platform, has expanded into Spain, according to a company statement. Yapily notes that it already can cover over 95% of Spanish bank accounts, both retail and commercial, at 52 banks. Yapily recently raised $51 milion in Series-B funding and said it… Read More

November 16, 2021 @ 9:55 pm By JD Alois  |  

In a blog post on Binance today, founder Changpeng Zhao, or CZ, has issued a call for global crypto regulation to “help ensure the industry will continue to innovate responsibly while ensuring a healthy path forward for future growth.” Crypto is deemed as lacking sufficient… Read More

November 16, 2021 @ 5:19 pm By JD Alois  |  

Gone is the modern speedometer logo and in its place is a “more optimistic” look for the Wealthtech Betterment. Betterment is pushing back on the current state of political division and ubiquitous acrimony with a warmer brand, kind of like a rising sun. In a… Read More

November 16, 2021 @ 5:01 pm By JD Alois  |  

nCino  (NASDAQ: NCNO) has agreed to acquire SimpleNexus for cash and stock valued at $1.2 billion or $240 million in cash and approximately 13.2 million shares of nCino common shares. SimpleNexus is a digital consumer-facing platform that is said to touch 1 in every 7 mortgage… Read More

November 16, 2021 @ 12:36 pm By JD Alois  |  

NFTfi, a marketplace for non-fungible token (NFT) collateralized loans, says it has raised a $5 million Series A funding round. According to NFTfi, the round was led by 1kx, an early-stage crypto fund and will allow NFTfi to grow its operations, marketing, and product development… Read More

November 16, 2021 @ 10:29 am By JD Alois  |  

LedgerEdge, a digital corporate bond trading marketplace, has hired senior fixed-income executive Dom Holland to take the role of Business Development for the US. Holland will report to new CEO Michelle Neal. Holland brings over 15 years of senior leadership to his new role. He… Read More

November 16, 2021 @ 10:23 am By JD Alois  |  

Paysend, a payments Fintech, says that it has topped 5 million customers with 500,000 arriving in the past 6 months. Paysend, founded 5 years ago, claims to be one of the fastest growing Fintechs in the world. Paysend’s platform is designed to remove the need… Read More

November 16, 2021 @ 10:10 am By JD Alois  |  

Mintable, an NFT [non-fungible token] marketplace, says it is poised to become the world’s largest NFT platform as  it aggregates all NFTs on the Ethereum blockchain. According to a release, Mintable now displays every single NFT ever minted on Ethereum. Mintable claims that it is… Read More

November 16, 2021 @ 9:09 am By JD Alois  |  

Upgrade has received an upgrade of its own. The neobank has just announced $240 million in funding at a pre-money valuation of $6 billion. It was just last August when Upgrade raised Upgrade has raised $105 million in a Series E funding round at a… Read More

November 16, 2021 @ 8:52 am By JD Alois  |  

Real estate lending platform LendingHome has rebranded as Kiavi as part of a larger strategic initiative, according to the company.  The new brand is said to reflect the company’s mission of helping “real estate investors realize the full potential of their real estate investment strategies…. Read More

November 15, 2021 @ 10:27 pm By JD Alois  |  

PT Moduit Digital Indonesian has received USD $4.5 million, or IDR 65 billion in a pre-Series A Round, according to a company release. The investment was led by Singapore’s Reciprocus Moduit Holding (RMH). The company said the funding was fueled by its strong performance in… Read More

November 15, 2021 @ 4:08 pm By JD Alois  |  

Central Bank Digital Currency (CBDC) is a hot policy topic in the US as well as the rest of the world. Many developed countries are reviewing the potential as well as the potential pitfalls for a CBDC. China is already testing a digital yuan live… Read More

November 15, 2021 @ 12:07 pm By JD Alois  |  

Bitcoin has just completed a soft fork upgrade to the network labeled Taproot. As has been widely reported, Bitcoin will now benefit from an improved ability to incorporate smart contracts and improved privacy of transactions (Schnorr Signatures). Bitcoin, which is pushing new all-time highs (probably… Read More

November 15, 2021 @ 11:18 am By JD Alois  |  

Vast Bank, a closely held chartered bank, and Bitcoin Latinum have announced a partnership that will “focus on opportunities for collaboration, deal flow, and integration among Vast Bank, Bitcoin Latinum, and Monsoon Blockchain Corporation (Bitcoin Latinum’s lead developer) all through the support of Bitcoin Latinum… Read More

November 15, 2021 @ 10:09 am By JD Alois  |  

Peer-to-peer lender Proplend says it has completed its first ever investor funded commercial property VAT loan. Proplend is an online investment platform that allows individuals to participate in first charge security commercial property loans that earn on average 5-12% per year. Proplend reports that it… Read More

November 15, 2021 @ 8:52 am By JD Alois  |  

Patriot National Bancorp, Inc. (NASDAQ: PNBK), the parent company of Patriot Bank, N.A., and American Challenger Development Corp. have decided to merge in an attempt to create a “purpose-driven, digital-first national bank,” according to a release. Patriot is a small bank based in Stamford, CT… Read More

November 15, 2021 @ 8:26 am By JD Alois  |  

Flat6Labs has funded 6 startups with seed capital following the participation in a 4-month acceleration program. Each startup completed the 7th Cycle in Bahrain. Flat6Labs is a MENA-based seed and early-stage venture capital firm. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups…. Read More

November 14, 2021 @ 9:37 pm By JD Alois  |  

The US Department of Treasury has announced it will work with Israel in a partnership to combat the threat of ransomware. The two countries also affirmed a commitment to encouraging “robust Fintech innovation,” while also reinforcing the necessity of working together to combat cyber threats…. Read More