September 21, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a top Fintech that powers modern card services, has announced a partnership with Figure, a Fintech that leverages blockchain technology, to launch Figure Pay, a digital money app. According to a release, Figure Pay is now available in 26 different states and… Read More

September 21, 2021 @ 3:00 am By JD Alois  |  

Wiserfunding, a UK provider of credit risk assessment for SME lenders, has secured £3 million investment from BGF – the UK and Ireland’s most active growth capital investor. According to Wiserfunding the funding will be used to boost the international expansion of its services. The… Read More

September 20, 2021 @ 10:09 pm By JD Alois  |  

StartEngine’s self-crowdfunding round is cruising towards its goal of raising $55 million. Launched at the end of August, StartEngine has now raised $7.324 million backed by over 4200 individual investors. StartEngine is utilizing the Reg A+ securities exemption, a process that allows the company to… Read More

September 20, 2021 @ 6:53 pm By JD Alois  |  

The US House Task Force on Financial Technology (Fintech) will convene for a hearing tomorrow (September 21) entitled, “Preserving the Right of Consumers to Access Personal Financial Data.” The Fintech Task Force is part of the House Financial Services Committee. The hearing will involve the… Read More

September 20, 2021 @ 4:32 pm By JD Alois  |  

The Securities and Exchange Commission has leveled fraud charges against TruCrowd and three issuers in allegations of fraud regarding $2 million of unregistered securities apparently offered via two investment crowdfunding offerings. As far as we are aware, this is the first significant enforcement action pertaining… Read More

September 20, 2021 @ 4:04 pm By JD Alois  |  

mmob has announced the inclusion of iwoca into its network of digital lending providers. According to a company release, the partnership will enable banks and other financial institutions to embed small business loan provisions into their digital ecosystems. Since 2012, iwoca has provided access to… Read More

September 20, 2021 @ 2:14 pm By JD Alois  |  

On September 7, 2021, Coinbase (NASDAQ:COIN) published a blog post stating the Securities and Exchange Commission (SEC) had informed the company it would sue over its forthcoming Coinbase Lend service. Now, Coinbase has submitted to the significant threat of a lawsuit and abandoned its Lend… Read More

September 20, 2021 @ 11:27 am By JD Alois  |  

In mid-2020, Kabbage, one of the best-known online lenders for SMEs in the US, was acquired by American Express (NYSE:AXP). At that time, co-founders Rob Frohwein and Kathryn Petralia said this was their first time sitting in the seat of the entrepreneurs selling a company… Read More

September 20, 2021 @ 9:47 am By JD Alois  |  

Kernolab, a firm that seeks to provide embedded finance services as a turnkey solution, has raised $1 million in Pre-Seed Round funding led by Lighthouse Ventures. Startup Wise Guys also joined in the early funding. Kernolab wants to become the bridge between Fintech and non-finance… Read More

September 20, 2021 @ 9:28 am By JD Alois  |  

Dacxi,  a crypto-asset exchange, has announced a new investment crowdfunding service that utilizes its Dacxi Chain, a bespoke blockchain. According to a release, the tokenized crowdfunding system is “designed to close the innovation-funding gap.” Ian Lowe, CEO Dacxi, says “the global enterprise economy comprises of… Read More

September 17, 2021 @ 2:14 pm By JD Alois  |  

JPMorgan Chase (NYSE: JPM) revealed many months ago its intent to launch a new digital bank in the UK. Today, there are reports the digital bank under the Chase brand will launch next week. In January of 2021, JPM said it wanted to provide UK… Read More

September 17, 2021 @ 11:29 am By JD Alois  |  

In the final days of its security offering on Seedrs, GuestReady has cruised past €2.3 million in funding on a target of €1 million. Investors are receiving a convertible security that holds a 10% discount on a future round. To date, 873 investors have backed… Read More

September 17, 2021 @ 11:17 am By JD Alois  |  

Popular neo-bank Revolut has become WeWork’s first customer to pay for shared space in Bitcoin, according to a public statement. Revolut will pay for its Dallas space, its largest in the US, in BTC. Revolut will lease space for more than 300 employees at WeWork… Read More

September 17, 2021 @ 10:55 am By JD Alois  |  

Draper Esprit (LSE:GROW), a publicly-traded venture capital firm, has distributed an update on investment activity. Key to its results is the exit opportunity from Cazoo, a firm that was recently listed on the NYSE generating $1 billion in proceeds. Cazoo’s current market cap is around… Read More

September 17, 2021 @ 10:39 am By JD Alois  |  

AI startup Upstage has raised $27 million in a Series A funding round led by SoftBank Ventures Asia and Company K Partners. Other investors include TBT Partners, Premier Partners, Stonebridge Ventures, and Primer Sazze Fund. Korea-based Upstage is a firm that develops technologies designed to… Read More

September 17, 2021 @ 9:39 am By JD Alois  |  

Following a $51 million Series B funding round, open banking provider Yapily has announced its expansion into France. Yapily says it has already developed considerable capabilities in the French market. With 100% PSD2 connectivity, Yapily covers more than 85% of French bank accounts, enabling banks,… Read More

September 16, 2021 @ 9:27 pm By JD Alois  |  

Bondster a Czech based peer to peer lending platform, says it will allow loans for investors to be secured with Bitcoin. Bondster states that just last week the first batch of loans secured by bitcoin were originated on its platform. Bondster claims there was an… Read More

September 16, 2021 @ 2:46 pm By JD Alois  |  

Change, a European crypto investment platform, says it has opened an office in Singapore in the first step towards global expansion. Singapore is a noted Fintech hub that is supported by a regulatory regime that seeks to enable Fintech innovation. This past summer, Change reported… Read More

September 16, 2021 @ 2:21 pm By JD Alois  |  

Curve, a fast-growing neo-bank, has announced a buy now, pay later (BNPL) service joining the rest of the market as it moves away from high-cost cards for certain purchases. Curve Flex is said to have received approval from the UK Financial Conduct Authority on September… Read More

September 16, 2021 @ 10:24 am By JD Alois  |  

TomoCredit has raised $10 million in Series A funding. The round was led by Kapor Capital and KB Investment Inc. (KBIC), a subsidiary of South Korea’s leading consumer bank. TomoCredit is a Fintech that seeks to build a credit history for first-time borrowers. The company… Read More