September 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that a partnership with Zip Co. (ASX: Z1P) in Australia will continue as they join to power a buy now, pay later (BNPL) solution. Marqeta has been working with Zip for about a year but this is the first time… Read More

September 8, 2021 @ 11:49 pm By JD Alois  |  

Homeppl, a UK-based Proptech, has raised $1.4 million in funding round at a post-money valuation $13.5 million. This most recent funding brings total seed capital to over $5 million. Homeppl combines anti-fraud technology with Open Banking data to protect landlords from tenant fraud, and ensure… Read More

September 8, 2021 @ 9:18 pm By JD Alois  |  

Last week in the blitz towards the Labor Day holiday weekend, the Securities and Exchange Commission (SEC) filed an administrative proceeding pertaining to Direct Lending Investments (DLI) and an enforcement action that alleged securities fraud. In mid-2019, the SEC filed charges against DLI and its… Read More

September 8, 2021 @ 8:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges once again targeting an initial coin offering alleging the act was an unregistered security offering. According to the SEC, Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague, the President of Rivetz and CEO of Rivetz… Read More

September 8, 2021 @ 2:29 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has announced the acquisition of buy now, pay later (BNPL) firm Paidy for $2.7 billion (¥300 billion) – mainly in cash. BNPL services have boomed in popularity as the services has emerged as an alternative to expensive credit card transactions. Paidy offers… Read More

September 8, 2021 @ 10:51 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Investor Advisory Committee is scheduled to hold a meeting tomorrow (September 9th). The topics of discussion include two panels: “Reimagining Investor Protection in a Digital World: the Behavioral Design of Online Trading Platforms;” A discussion regarding competition and regulatory… Read More

September 8, 2021 @ 9:23 am By JD Alois  |  

Marshmallow, an Insurtech that provides a digital path for auto insurance, has raised $85 million at a $1.25 billion valuation thus vaunting it into Unicorn status. In the past 12 months, Marshmallow has raised $100 million. In a blog post, the UK-based firm said it… Read More

September 8, 2021 @ 8:53 am By JD Alois  |  

Billon has announced that it is one of 7 selected blockchain providers that will be part of the European Union’s European Blockchain Services Infrastructure project (EBSI). The selection is a sign of validation for the blockchain firm. Yesterday, it was announced that IOTA had been… Read More

September 8, 2021 @ 8:31 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN) posted a notice regarding receipt of a Wells Notice from the Securities and Exchange Commission (SEC) indicating the regulator may sue it due to its planned Coinbase Lend program. Around the same time Coinbase announced the regulators’ investigation, CEO Brian Armstrong took… Read More

September 8, 2021 @ 8:14 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest digital asset trading platform in the US, has received a Wells Notice from the US Securities and Exchange Commission. A Wells Notice is a legal document that indicates the SEC is investigating the company indicating it may pursue an enforcement action… Read More

September 8, 2021 @ 7:48 am By JD Alois  |  

Peer to peer SME lender Linked Finance says that business optimism is back to pre-pandemic levels even while the Delta/Mu COVID variants capture headlines. Linked Finance, operating in Ireland, reports in its inaugural Linked Finance SME Confidence Index, referencing research conducted by Behaviours & Attitudes, was… Read More

September 7, 2021 @ 10:47 am By JD Alois  |  

IOTA, a scalable, feeless, and decentralized distributed ledger technology, has been selected for the European Blockchain Services Infrastructure (EBSI), a project organized the by the European Union. Dominik Schiener, co-founder and Chairman of the IOTA Foundation, said they are very excited about the selection in… Read More

September 6, 2021 @ 12:54 pm By JD Alois  |  

Nucleus Commercial Finance, has received approval to offer the Recover Loan Scheme (RLS), a government program designed to support businesses that have struggled during the COVID health crisis. Nucleas previously offered lending under the Coronavirus Business Interruption Loan Scheme (CBILS), lending £438 million in 2020… Read More

September 6, 2021 @ 12:38 pm By JD Alois  |  

In a speech delivered at the Cambridge International Symposium on Economic Crime, FCA and PSR Chair Charles Randall discussed some hot topics in the financial services sector – fraud and scams. More specifically, crypto scams and the regulation of digital assets or tokens. Currently, the… Read More

September 6, 2021 @ 10:02 am By JD Alois  |  

Diners Club International has extended its partnership with BPC in Latin America. BPC offers payments, wallets, and banking features via its platform. According to a statement from the company, after selecting BPC’s SmartVista for commerce in Peru, Diners Club has turned to BPC once again… Read More

September 4, 2021 @ 7:00 pm By JD Alois  |  

Last month Coinberry became the first “pure-play registered crypto trading platform” in Canada. At that time, Coinberry CEO Andrei Poliakov commented: “Canadians have been seeking a safe, trustworthy, and regulated platform to acquire crypto assets for far too long. We are finally thrilled to offer them… Read More

September 3, 2021 @ 6:34 pm By JD Alois  |  

MoneyLion, a neobank that announced a SPAC deal earlier this year, is moving closer to becoming a publicly-traded company. According to a release, the S-4 registration statement has become effective. A special meeting of Fusion Acquisition Corp. (NYSE: FUSE), the SPAC sponsor, on the 21st… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

September 3, 2021 @ 10:46 am By JD Alois  |  

Uniswap is under investigation by the US Securities and Exchange Commission (SEC), according to a report by Reuters. Uniswap is a DeFi leader and is said to be the largest decentralized digital asset exchange in operation. The Uniswap protocol facilitates crypto trading by utilizing smart… Read More

September 3, 2021 @ 10:19 am By JD Alois  |  

Cabital, a crypto exchange, wallet, and yield platform, has raised $4 million in seed funding according to a note from the company. Investors include SIG, Dragonfly, and GSR. The post-money valuation was pegged at $40 million. Cabital reports that it previously raised $3 million in… Read More