October 14, 2021 @ 4:00 am By JD Alois  |  

Wiserfunding, a UK-based provider of credit risk assessment for SME lenders, has partnered with CrediLinq.Ai, a Singapore-based, AI credit platform. According to a company release, the partnership will seek to provide automated, fast, and credit risk assessment to Southeast Asian SMEs. The companies point to… Read More

October 13, 2021 @ 1:03 pm By JD Alois  |  

Security Token Market (STM), a security token data firm, is planning to raise capital in an online security offering. STM tracks the growing digital security market around the world focusing on research and data serving asset class that now is valued in billions of dollars…. Read More

October 13, 2021 @ 12:47 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of the Advocate for Small Business Capital Formation, has announced the creation of a capital raising navigator tool for firms seeking growth capital. A part of the SEC’s website, the tool covers the spectrum of options for entrepreneurs… Read More

October 13, 2021 @ 9:33 am By JD Alois  |  

Antler, a global VC firm active in the Fintech sector,  has closed over $300 in funding, according to a note from the company. Investors in the funds include Schroders, Vækstfonden, and Phoenix Group. Antler is committed to investing at the pre-seed stage, with the firm now… Read More

October 13, 2021 @ 9:19 am By JD Alois  |  

Temenos (SIX: TEMN) and Green Dot (NYSE: GDOT) are working together to power a digital banking service. Green Dot will use the Temenos Banking Cloud as its platform of choice to power its banking platform services (BaaS) partners. This will enable it to embed financial… Read More

October 13, 2021 @ 8:39 am By JD Alois  |  

Global Processing Services (GPS), a payments Fintech that works with many top firms like Revolut, Starling Bank, Curve, and more, has raised over $300 million according to a release. Investors include Advent International and Viking Global Investors who will gain control of the company. The… Read More

October 12, 2021 @ 9:25 pm By JD Alois  |  

Fintech Founders has published a survey in collaboration with the UK Department for International Trade (DIT). Once again the group notes there is significant optimism for the Fintech industry while calling for more government support in a rapidly changing and dynamic market. Originally called the… Read More

October 12, 2021 @ 8:35 pm By JD Alois  |  

Earlier this year, CrowdProperty announced an expansion into Australia. The property investment marketplace said the model that they have proven in the UK is a perfect fit for the Australian market. Today, CrowdProperty Australia is reporting that it has raised $1.5 million to expand its… Read More

October 12, 2021 @ 10:43 am By JD Alois  |  

Investment crowdfunding platform Silicon Prairie has acquired Miventure, according to a note from the company. The terms of the deal were not disclosed. Silicon Valley lists securities under Reg CF as well as other exemptions. Miventure is a FINRA regulated funding portal seeking to raise… Read More

October 12, 2021 @ 10:27 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says that 99% of U.S. trade flow volumes on the legacy DTCC OASYS service have migrated or are in the process of migrating to Central Trade Manager (CTM). CTM is a platform for the central matching of cross-border… Read More

October 12, 2021 @ 9:40 am By JD Alois  |  

SUMA Wealth has announced an additional $2 million pre-seed round of funding, bringing the total to $3.3 million. The Fintech aims to accelerate the development of its AI-enabled financial applications with the new funding being used to expand SUMA’s technical capabilities seeking to eradicate the… Read More

October 12, 2021 @ 9:19 am By JD Alois  |  

A new partnership between Hex Trust and Hedera Hashgraph will aim to provide banks, financial institutions, and institutional investors with a safe, and compliant way to integrate HTS-based tokens into the operations of their digital assets. Hex Trust will be using the Hedera Token Service… Read More

October 12, 2021 @ 9:01 am By JD Alois  |  

LendInvest, a UK-based property finance platform, will offer a new holiday product for lets and short term properties. The new credit offer was announced alongside a series of reductions across its standard property range. The Proptech has introduced a product catalogue with rates starting at… Read More

October 11, 2021 @ 10:27 pm By JD Alois  |  

On Wednesday, October 13, the House Committee on Financial Services, Task Force on Artificial Intelligence (AI) will hold a hearing to discuss ethics and AI. According to the hearing memo, in financial services, AI systems often tackle complex problems including credit underwriting, customer service, cybersecurity… Read More

October 11, 2021 @ 10:07 pm By JD Alois  |  

Last week, Oportun (Nasdaq:OPRT), an online lender that utilizes artificial intelligence, said it had decided to voluntarily withdraw its application for a national bank charter from the Office of the Comptroller of the Currency (OCC). The OCC is the main bank regulator in the United… Read More

October 11, 2021 @ 5:39 pm By JD Alois  |  

Once again, Jamie Dimon, CEO of JP Morgan, is in the news again hating on crypto – this time Bitcoin specifically. Recently, Bitcoin has been on the rise again due in part to an expectation of persistent (not transitory) inflation. Many Bitcoin supporters believe that… Read More

October 11, 2021 @ 11:34 am By JD Alois  |  

Crabi, an Insurtech in the auto insurance sector, has raised $4 million in seed funding, according to a release. The funding was led by LatAm VC Kaszek Ventures with participation from Tuesday Capital and Redwood Ventures. Crabi states that there are more than 50 million… Read More

October 11, 2021 @ 11:23 am By JD Alois  |  

As was reported last week, Chip – a savings and investing Fintech – has launched a securities offering on Crowdcube. The firm rocketed to over £1 million within minutes. Today, Chip is nearing £10 million raised as over 7300 investors have decided to back the… Read More

October 11, 2021 @ 10:53 am By JD Alois  |  

Wefunder, a leading investment crowdfunding platform that primarily issues securities using the Reg CF (Regulation Crowdfunding) securities exemption, recently touted the fact that most securities offerings on its market are for Preferred shares. Wefunder stated that not 100% of offerings are for Preferred but said… Read More

October 11, 2021 @ 9:30 am By JD Alois  |  

Copper, an “institutional gateway to digital asset investing,” has added former Chancellor of the Exchequer Philip Hammond to its board of advisors. Lord Hammond is one of only three people to have served continuously in the UK cabinet from 2010 to 2019, serving under Prime Ministers David Cameron… Read More