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

September 16, 2021 @ 10:11 am By JD Alois  |  

Finovate has published its 2021 award winners that span a broad spectrum of Fintech verticals and areas of recognition.  Finovate is a longstanding event that focuses on early stage Fintech ventures that frequently are interested in raising venture funding. This year’s awards feature excellence in… Read More

September 16, 2021 @ 9:57 am By JD Alois  |  

Nexpay, an EU-licensed electronic money institution, has partnered with Salt Edge, an open-banking SaaS provider. Nexpay is a Vilnius-based Fintech startup that provides banking infrastructure for the digital assets sector. Currently, Nexpay reports that it is helping over 400 businesses build a range of payments… Read More

September 16, 2021 @ 9:26 am By JD Alois  |  

Payments service provider (PSP) Lemonway has partnered with Tink to facilitate payments to customers across Europe with “Pay By Bank.” Tink is an open banking platform that enables banks, Fintechs and startups to develop data-driven financial services via an API platform. Tink currently connects more… Read More

September 16, 2021 @ 8:54 am By JD Alois  |  

  SupraFin is democratizing sophisticated crypto trading for the masses. Launched this week and available for download via the Apple App Store, SupraFin has announced the first app with smart crypto investment algorithms that assess the relative value of thousands of cryptocurrencies and recommends the… Read More

September 16, 2021 @ 7:47 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a modern card issuing platform utilized by both old finance and Fintechs, has distributed a report highlighting the usage of credit cards during the COVID-19 health crisis. The report indicates that COVID has boosted the popularity of credit cards and flexible payment… Read More

September 15, 2021 @ 6:14 pm By JD Alois  |  

Wise (WISE.L), formerly doing business as Transferwise, has finally launched its first iteration of an investment feature. A long, long time ago, Wise said it intended to create more options to hold funds that can generate a return. Last year, it was reported that Wise… Read More

September 15, 2021 @ 3:59 pm By JD Alois  |  

FTX Trading and West Realm Shires Services Inc., owners and operators of FTX.COM and FTX.US, have formed another sports-focused partnership by signing a deal with Ohana Experience, an agency that represents the Name, Image and Likeness (NIL) interests of Brigham Young University football players. FTX has… Read More

September 15, 2021 @ 11:06 am By JD Alois  |  

SEC Chairman Gary Gensler marched up to Capitol Hill yesterday to testify in front of the Senate Banking Committee in a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”.  Gensler outlined his ambitions at the SEC in his prepared remarks. While Gensler received… Read More

September 15, 2021 @ 8:07 am By JD Alois  |  

As has been widely reported, China Evergrande Group (HKEX:3333), China’s second-largest property developer, is flashing default signals on its corporate debt.  In a corporate statement Evergrande said that the company expects a “significant continuing decline in contract sales in September, thereby resulting in the continuous… Read More

September 15, 2021 @ 1:21 am By JD Alois  |  

Plum, a money management app, says it is returning to crowdfunding with a forthcoming securities offering on Crowdcube, according to a company release. Back in 2019, Plum raised £2.47 million at a pre-money valuation of £14.5 million on Seedrs. In 2018, Plum raised £1 million… Read More

September 14, 2021 @ 11:51 pm By JD Alois  |  

Property investment platform CrowdProperty has announced the launch of its Planning Gain Finance product, a service line that affirms the business’s commitment to partnering with SME developers. According to CrowdProperty, Planning Gain Finance will assist developers in securing developments that have not yet received the… Read More

September 14, 2021 @ 9:38 pm By JD Alois  |  

Conister Bank Limited, part of Manx Financial Group PLC (AIM:MFX), has agreed to an increase of £3.25 million to an existing block financing agreement of £3 million with Time Finance Limited bringing the total agreement to £6.25 million. Conister has been operating in the UK… Read More

September 14, 2021 @ 4:20 pm By JD Alois  |  

tZERO, a regulated ATS platform trading enabling the trading of digital securities, has commenced trading of Exodus Movement, Inc. Class A common stock. Earlier this year, Exodus issued securities under Reg A+, a securities exemption that allows the issuer to immediately trade shares on an… Read More

September 14, 2021 @ 3:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has leveled fraud charges against App Annie and its co-founder and former CEO Bertrand Schmitt. The SEC says App Annie and Schmitt have agreed to settle the fraud charges and will pay a penalty of over $10 million to… Read More

September 14, 2021 @ 3:31 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More

September 14, 2021 @ 11:46 am By JD Alois  |  

QED Investors, a top VC firm that focuses on Fintechs, has raised a sizeable $1.05 billion new fund in an over-subscribed offering, according to the firm. The capital includes $550 million in QED’s Fund VII for early-stage investing and an initial $500 million for our new… Read More

September 14, 2021 @ 11:16 am By JD Alois  |  

MODIFI has raised $24 million in funding raising its valuation to $120 million, according to a company release. MODIFI is a global fintech company that helps SMEs finance and manage their international trades, currently serving over 1,000 buyers and sellers across more than 40 countries… Read More

September 14, 2021 @ 10:11 am By JD Alois  |  

PassFort, a Regtech that offers automated financial crime and compliance services, has raise $16.2 million in Series A funding with the intent to pursue a global expansion. The funding round was led by Level Equity in the US with participation from existing investors OpenOcean, Episode… Read More

September 14, 2021 @ 9:28 am By JD Alois  |  

creditshelf, a marketplace lender for German SMEs, is reporting that it generated more than €100 million of new loan business between January and September 2021, already exceeding the total loan volume of €98.9 million arranged in the fiscal year 2020. creditshelf stated that its loans… Read More