October 25, 2021 @ 10:08 am By JD Alois  |  

FTX US (West Realm Shire Services Inc.), a digital asset marketplace affiliated with fast-growing crypto exchange FTX Trading, says it has finalized its acquisition of Ledger Holdings Inc., the parent company of LedgerX LLC. The FTX said it has also rebranded LedgerX to FTX US… Read More

October 25, 2021 @ 9:51 am By JD Alois  |  

Berlin-based BNPL (Buy Now Pay Later) Billie has raised $100 million at a $640 million valuation according to a note from the Fintech. Simultaneously, Billie said it had received refinancing lines of $200 million per month. The capital will be provided by a consortium of German… Read More

October 25, 2021 @ 9:21 am By JD Alois  |  

Seedrs, a top European online investment platform with global aspirations, has launched a Private Deal Room catering to high net worth (HNW) individuals, angels, and sophisticated investors. In an email, Seedrs said they “believe the Seedrs Private Deal Room will help allow a new generation… Read More

October 24, 2021 @ 4:16 pm By JD Alois  |  

StartEngine, an investment crowdfunding platform, has distributed an email touting its industry-leading  Reg CF offerings that topped $60 million during Q3. Since the start of 2021, StartEngine reports it has raised $184 million through Q3 surpassing both Wefunder and Republic at $123 million and $130… Read More

October 23, 2021 @ 5:07 pm By JD Alois  |  

Qoins, a Fintech that aims to help to you save money and pay debt faster, is raising growth capital on Republic. According to the offering page, Qoins is seeking up to $1.07 million in a CrowdSAFE with a valuation cap of $12 million. As it… Read More

October 23, 2021 @ 3:57 pm By JD Alois  |  

Real estate tokenization platform RedSwan CRE is raising preferred equity capital on SeedInvest seeking up to $5 million in funding. The securities are being issued under both Reg CF and Reg D so it is open to both accredited and non-accredited investors. The “tiered preferred… Read More

October 22, 2021 @ 6:34 pm By JD Alois  |  

Tinkoff Capital Management Company, part of the TCS Group Holding PLC which is listed on the London Stock Exchange and on the Moscow Exchange, has received a professional securities management operator license, according to the company. Tinkoff states that in 2022 it plans to launch a… Read More

October 22, 2021 @ 11:26 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has demanded that big tech, including Fintechs, to hand over information on payments. As everyone knows, payments have gone digital as cash usage declines. While many transactions have migrated to plastic debit and credit cards, today cards are virtual… Read More

October 22, 2021 @ 11:14 am By JD Alois  |  

InvestNext has announced new product features for its real estate investing services, according to a company release. Recently, InvestNext closed on a seed round that raised $4.3 million. InvestNext is a digital platform that can facilitate real estate syndication, including engaging with investors, accepting payments,… Read More

October 22, 2021 @ 11:02 am By JD Alois  |  

Binance Labs, the VC and incubator of Binance, has invested in Melos Studio, a Web 3.0 music NFT platform as the NFT market expands. Binance Labs is expected to provide Melos Studio with technology, consultation, and incubation services. Melos Studio will contribute to Binance ecosystem… Read More

October 22, 2021 @ 9:55 am By JD Alois  |  

Neobank Revolut has selected Juan Miguel Guerra as CEO for Mexico as the Fintech moves into a new market. Guerra was previously at RappiPay and is said to have held senior executive roles at Citibanamex and other Fintech firms. Mexico is Revoluts first step into… Read More

October 21, 2021 @ 4:40 pm By JD Alois  |  

The Financial Action Task Force (FATF) has “advanced its core work on virtual assets, beneficial ownership transparency, and illicit finance risks,” according to a public statement. The FATF has approved for publication an updated version of its Guidance on a Risk-Based Approach to Virtual Assets… Read More

October 21, 2021 @ 12:37 pm By JD Alois  |  

This week the New York Attorney General announced that it has demanded two crypto firms halt their lending programs. Additionally, the AG said it had commenced an investigation into three other firms. All of this was predicated on the statement that interest generated from crypto… Read More

October 21, 2021 @ 12:06 pm By JD Alois  |  

Formerly known as Libra and then Diem, Facebook’s (NASD:FB) scaled-back entrance into the digital currency sector has announced the firm’s Novi digital wallet pilot program is rolling out – starting with Guatemala and the United States. The pilot is designed to confirm operational readiness as… Read More

October 21, 2021 @ 10:41 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China have solidified their relationship in a memorandum of understanding (MOU) that seeks to combine innovation and supervision regarding Fintech. The MOU seeks to implement the “Guangdong-Hong Kong-Macao The Outline of the Development Plan… Read More

October 21, 2021 @ 9:43 am By JD Alois  |  

FTX Trading, a fast-growing digital asset platform, has raised $425 million in a Series B-1 at a $25 billion valuation according to a company release. 69 investors participated in the round which included Ontario Teachers’ Pension Plan Board, via its Teachers’ Innovation Platform, Temasek, Sequoia Capital,… Read More

October 21, 2021 @ 9:31 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has issued a statement to expand its oversight to cover “paid for advertising and user-generated content.” The securities regulator asks that the Online Safety bill should designate content relating to fraud offenses as priority illegal content and thus require… Read More

October 20, 2021 @ 10:52 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Alejandro Tinoco, and his company, Kikit & Mess Investments, LLC. The CFTC alleges ongoing fraud in a FOREX, crypto scam. The  CFTC complaint alleges that from at least September 2020 to the… Read More

October 20, 2021 @ 10:46 pm By JD Alois  |  

PIMCO is one of the largest asset managers in the world. As of June, PIMCO manages $2.20 trillion in assets, including $1.68 trillion in third-party client assets.PIMCO manages assets for central banks, sovereign wealth funds, pension funds, corporations, individual investors and more. Its diversified approach… Read More

October 20, 2021 @ 3:37 pm By JD Alois  |  

It is not just Bitcoin that is hitting new highs. LendingClub (NYSE:LC), once a marketplace lending platform and now a nationally chartered bank, has hit another 52 week high. While Bitcoin is up about 4.28% for the day, LendingClub is doing better showing an increase… Read More