October 5, 2021 @ 11:42 pm By JD Alois  |  

Earlier today it was reported that GoCardless may be raising $200 in a funding round led by JP Morgan. Last year, GoCardless raised growth capital at a valuation of just under $1 billion and expectations are for the Fintech to be firmly in unicorn territory… Read More

October 5, 2021 @ 11:27 pm By JD Alois  |  

This coming November, pan-European rules for investment crowdfunding will become actionable by platforms and issuers. Under the new rules, issuers may raise capital from across all European Union member states. Firms may raise up to €5 million. While these are EU rules, local nuances still… Read More

October 5, 2021 @ 8:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has leveled fraud charges against erstwhile hemp firm CannaFarma Hemp Products Corp, (CSE:CNFA) and its founders. According to the SEC, the company allegedly committed fraud in a securities offering that raised $15 million from investors. The SEC claims that… Read More

October 5, 2021 @ 7:48 pm By JD Alois  |  

California Governor Gavin Newsom has signed the California Banking Act into law. The legislation establishes the BankCal Program (BankCal) to provide Californians with zero-fee and zero-penalty transaction accounts and debit card services. HISTORIC! Today Governor @GavinNewsom signed #AB1177, the California Public Banking Option Act, which… Read More

October 5, 2021 @ 6:10 pm By JD Alois  |  

GoCardless is expected to raise around £200 million at a valuation of over $1 billion thus vaulting the Fintech into the unicorn realm. This is according to a report in the Evening Standard. The payments firm last raised $95 million in a Series F funding… Read More

October 5, 2021 @ 2:23 pm By JD Alois  |  

Leading loan data provider dv01 has partnered with Invictus Capital Partners on mortgage lending. According to a release, the partnership will facilitate data reporting operations for the growing portfolio of non-qualified mortgage loans managed by Invictus and its affiliates. dv01 will serve as Loan Data… Read More

October 5, 2021 @ 2:04 pm By JD Alois  |  

Arca, a compliant digital asset investment platform, has topped $500 million in assets under management (AUM). Simultaneously, Arca announced a new early-stage venture fund that has raised over $30 million. According to a company release, the Arca Endeavor Fund (the Fund), an early-stage, closed-end venture fund focused… Read More

October 5, 2021 @ 1:36 pm By JD Alois  |  

Recently, SEC Chairman Gary Gensler voiced his opinion that a Bitcoin ETF may provide sufficient investor protection for a fund to move forward with the regulatory process. More specifically, Gensler appeared to support Bitcoin Futures ETFs – and not spot-priced funds. Gensler has long stated… Read More

October 5, 2021 @ 1:20 pm By JD Alois  |  

US Bank, one of the largest retail banks in the US, is now supporting cryptocurrency custody, according to a statement by the bank. Available via its Global Fund Services clients, the custody offering is designed to provide a safekeeping solution for Bitcoin with additional digital… Read More

October 5, 2021 @ 1:08 pm By JD Alois  |  

Presearch, an erstwhile challenger to top dog Google that provides user privacy while rewarding users with crypto, has partnered with CoinMarketCap on crypto data. Presearch was recently added as a default search engine on all Android devices in Europe. CoinMarketCap is a subsidiary of Binance… Read More

October 5, 2021 @ 12:00 pm By JD Alois  |  

Insurtech Sure has closed on a $100 million Series C funding round led by Declaration Partners and Kinnevik, according to a note from the company.  WndrCo and existing investors W. R. Berkley and Menlo Ventures also participated in the funding round. Sure said the additional… Read More

October 5, 2021 @ 10:42 am By JD Alois  |  

Fig Publishing is a unique investment crowdfunding platform that targets the gaming sector enabling investors the ability to generate income by backing video games. Fig was acquired by Republic in 2020, a leading online capital formation provider, that has expanded its verticals to encompass a… Read More

October 5, 2021 @ 10:00 am By JD Alois  |  

At 12 noon today, the House Committee on Financial Services will hold a hearing with SEC Chairman Gary Gensler testifying on behalf of the Commission. The regulation of digital assets (crypto assets) will be a pointed topic of discussion as has been already indicated in… Read More

October 5, 2021 @ 9:20 am By JD Alois  |  

In prepared remarks distributed prior to the House Committee on Financial Services hearing later today, SEC Chairman Gary Gensler outlined his talking points as he asks the Committee for a significant budget increase while outlining his agenda for his term at the SEC. As should… Read More

October 5, 2021 @ 9:09 am By JD Alois  |  

Compliance and analytics firm SteelEye has appointed Brian Lynch as President of its new US operation as it seeks to expand services into North America. According to a note from the Regtech, Lynch will establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in… Read More

October 5, 2021 @ 8:45 am By JD Alois  |  

Azimo, a digital money transfer service, has announced the launch of an instant remittance service to Turkey. The feature is being made available by a partnership with United Payment, a leading payments service provider in Turkey. The new service will allow Azimo customers living in… Read More

October 5, 2021 @ 8:35 am By JD Alois  |  

Fabrick, an open banking platform, and Bitpanda – a digital investing platform offering stocks, digital assets and more, have joined to create a white label solution for Italian banks and Fintechs. The service enables users to give their customers and clients access to the growing… Read More

October 5, 2021 @ 8:24 am By JD Alois  |  

Sonovate says it has topped £2 billion in total funding during September 2021. Sonovate was founded in 2013 by Richard Prime and Damon Chapple and provides embedded finance and technology to businesses that employ contract and freelance workers. Sonovate states that half of this total… Read More

October 5, 2021 @ 6:00 am By JD Alois  |  

Former Goldman Sachs executive Sheila Patel has joined the board of Antler, according to a statement by the company. Patel said she was attracted to Antler by its unique model – particularly its global approach to investment and focus on fostering diversity. “Where entrepreneurs innovate,… Read More

October 4, 2021 @ 9:53 pm By JD Alois  |  

The House Committee on Financial Services will be holding a virtual hearing tomorrow entitled “Oversight of the U.S. Securities and Exchange Commission: Wall Street’s Cop Is Finally Back on the Beat.” SEC Chairman Gary Gensler will traipse back to the Capitol to update the Committee on… Read More