November 1, 2021 @ 8:59 am By JD Alois  |  

The President’s Working Group on Financial Markets (PWG) is expected to publish its long-anticipated report on stablecoins later today. The PWG includes the US Secretary of the Treasury, the Chair of the Board of Governors of the Federal Reserve System, the Chairman of the Securities… Read More

October 31, 2021 @ 10:43 am By JD Alois  |  

Real estate investment platform Fundrise is reporting “a quarter of remarkable results.” Fundrise used to be a single property crowdfunding platform that has since morphed into a REIT investing site that leverages Reg A+ to offer unlisted securities in funds holding a portfolio of properties…. Read More

October 29, 2021 @ 3:38 pm By JD Alois  |  

CoinSmart Financial Inc., a digital asset trading platform has announced that its wholly-owned operating subsidiary Simply Digital Technologies Inc. is now registered as a restricted dealer under securities laws across Canada. CoinSmart notes that it is one of a few platforms that trade crypto to… Read More

October 29, 2021 @ 11:55 am By JD Alois  |  

Republic, a top online investment platform, has listed its first litigation funding offer or “Initial Litigation Offering” (ILO) a tokenized security for a court case initiated by Apothio. Litigation funding is a method to crowdfund a legal case that is expected to be brought to… Read More

October 28, 2021 @ 8:05 pm By JD Alois  |  

Investree, an online lender based in Indonesia, has raised $10 million that will be utilized to provide services to SMEs. The funding came from responsAbility Investments, an asset manager from Switzerland that focuses exclusively on sustainable investment. Additionally, Accial Capital, a tech-enabled investor in fintech… Read More

October 28, 2021 @ 3:39 pm By JD Alois  |  

Senator Pat Toomey, the ranking member on the Senate Banking Committee, has introduced legislation designed to protect payment for order flow – the legal practice where firms pay to process trades collected by broker-dealers. The practice has garnered scrutiny due to its utilization by Robinhood,… Read More

October 28, 2021 @ 11:20 am By JD Alois  |  

Torpago, spend and expense management Fintech, has raised $77 million claiming a valuation of over $1 billion. In a release, Torpago said it raised $2 million in seed funding and a warehouse of $75 million to support the expansion of its platform. The funding round… Read More

October 28, 2021 @ 11:08 am By JD Alois  |  

GenoCrowd has successfully closed on its first securities offering to provide financing for a building in Leipzig, Germany. GenoCrowd is a partnership platform between Raiffeisenbank im Hochtaunus and CrowdDesk. The online investment platform announced its first securities offering for the property this past August. GenoCrowd… Read More

October 28, 2021 @ 10:39 am By JD Alois  |  

BritYard, an online department store that exclusively offers unique British brands, is looking for growth capital on Seedrs. BritYard has set a funding target of £220,000 on a pre-money valuation of £1 million. Currently, BritYard has raised over £159,000 from 28 investors in the seed… Read More

October 28, 2021 @ 10:20 am By JD Alois  |  

LendInvest, a top digital financing platform for the UK market, has announced two senior hires to its Funds team. According to the Fintech,  Omega Poole is joining the firm as its new Head of Capital Raising and Robert Pritchard joining as its new Head of… Read More

October 28, 2021 @ 10:02 am By JD Alois  |  

PensionBee, a Fintech offering pension services, has integrated Plaid – a leading open banking provider. According to PensionBee, the partnership will expand the remit of Open Banking to include pensions, transforming the traditionally complex process. PensionBee previously offered open APIs but this will be an… Read More

October 28, 2021 @ 9:51 am By JD Alois  |  

Digital bank Zopa has agreed to power Tesco Bank’s online auto financing service. According to a note from Zopa, the partnership enables the Hire Purchase car finance online, helping customers to finance a car in as little as three minutes. Zopa notes there are around… Read More

October 28, 2021 @ 9:06 am By JD Alois  |  

LendingClub (NYSE:LC) reported solid quarterly results yesterday that solidly beat earnings estimates. Earnings per share (EPS) came in $0.26 when estimates were expecting less than half of that. Following the news, shares rallied significantly higher and in pre-market trading, LendingClub shares are currently trading up… Read More

October 27, 2021 @ 5:49 pm By JD Alois  |  

Representatives Patrick McHenry and James Comer have sent a letter to the Postmaster General slamming the US Postal Service’s “hidden” financial service pilot program. McHenry is the ranking Republican on the House Committee on Financial Services. Comer is the ranking Republican on the House Committee… Read More

October 27, 2021 @ 4:53 pm By JD Alois  |  

LendingClub (NYSE:LC) has easily topped analyst estimates reporting net income of $27.2 million or an EPS of $0.26. Top line revenue came in at $246.2 million with total sequential revenue growth of 20% outpacing origination growth of 14%, according to the digital bank. Shares in… Read More

October 27, 2021 @ 4:30 pm By JD Alois  |  

Hedera Hashgraph reports that DBS, an international bank based in Singapore, has joined its Governing Council. This is the first Asian bank to join Hedera on its mission to expand the utilization of its enterprise blockchain ecosystem. DBS is expected to be integral in guiding… Read More

October 27, 2021 @ 1:13 pm By JD Alois  |  

Shari Noonan, CEO of Rialto Markets, has issued a positive statement on investment crowdfunding while warning of “choppier waters” in the crypto sector and labeling NFTs [Non-Fungible Tokens] ” unregulated securities.” Rialto Markets is a FINRA regulated broker-dealer that offers securities under Reg CF (Regulation… Read More

October 27, 2021 @ 12:40 pm By JD Alois  |  

“We are making this country a modern science and technology superpower,” Rishi Sunak, Chancellor of the Exchequer. The Autumn Budget 2021 was unveiled today as UK Chancellor of the Exchequer Rishi Sunak took the podium in Parliament to sell his vision. Once again, the Budget… Read More

October 27, 2021 @ 12:00 pm By JD Alois  |  

Cream Finance, a decentralized lending protocol, has experienced a hack that may have caused a $117 million theft.   We are investigating an exploit on C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available. — Cream Finance 🍦 (@CreamdotFinance) October… Read More

October 27, 2021 @ 9:30 am By JD Alois  |  

OurCrowd, a top global investment crowdfunding platform, has received an investment from SoftBank. According to a note from the company, the SoftBank Vision Fund 2 will make a $25 million convertible equity investment into the company. Terms of the investment were not disclosed. As part… Read More