September 2, 2021 @ 10:25 pm By JD Alois  |  

Shepherd, an Insurtech that offers “tech-enabled insurance for commercial construction,” has announced a $6.15 million seed round led by Spark Capital. Natalie Sandman, a partner at Spark, has joined the board of Shepherd. The funding included the participation of Susa Ventures, Procore Technologies, Y Combinator,… Read More

September 2, 2021 @ 2:38 pm By JD Alois  |  

Perception of investment crowdfunding in Germany continues to tick up, according to crowdfunding.de. In its annual barometer report, almost 3/4 of surveyed individuals are aware of the ability to raise money online at 74.3% The segment of people that understand crowdfunding is almost half at… Read More

September 2, 2021 @ 8:42 am By JD Alois  |  

As was previously reported, TWINO, a peer to peer lending marketplace for consumer loans, has been approved by the Latvian Financial and Capital Market Commission (FCMC) to operate as an Investment Brokerage. TWINO has now shared some additional information as to how it will operate… Read More

September 2, 2021 @ 7:36 am By JD Alois  |  

Draper Esprit (LSE: GROW), a publicly-traded venture capital group, will join the FTSE 250 with a market cap of around £1.6 billion. Year to date, shares in Draper Esprit have almost doubled. Draper Esprit seeks to reinvent European venture capital investing in early-stage as well… Read More

September 2, 2021 @ 7:21 am By JD Alois  |  

Cybertino Lab has raised $10 million to build a gaming NFT platform. Cybertino previously created a marketplace for NFTS, launched in partnership with CoinMarketCap. Investors include big names, including Sky9 Capital, Zoo Capital, Draper Dragon, INCE Capital, UpHonest Capital, blockchain investment funds Divergence Ventures, SNZ,… Read More

September 1, 2021 @ 10:02 pm By JD Alois  |  

FOMO Pay, Fintech based in Singapore, has been approved by the Monetary Authority of Singapore (MAS) to operate three new regulated activities — Merchant Acquisition Service, Domestic Money Transfer Service, and Digital Payment Token Service. FOMO Pay describes itself as a one-stop digital payment solution… Read More

September 1, 2021 @ 3:26 pm By JD Alois  |  

Remember Bitconnect? If you do, well, it was fun while it lasted. If you need a reminder,  just watch this video below. https://www.youtube.com/watch?v=lCcwn6bGUtU BitConnect is emblematic of the pomposity and absolutely ridiculous heyday of the initial coin offering boom and ensuing bust. The whole thing… Read More

September 1, 2021 @ 12:21 pm By JD Alois  |  

Two weeks ago, the UK Financial Conduct Authority posted a “Dear CEO” letter directed at investment crowdfunding platforms. The letter, signed by Debbie Gupta, Director of Consumer Investments Supervision, cautioned platforms on both the risk of investments being offered to investors as well as the… Read More

September 1, 2021 @ 9:15 am By JD Alois  |  

Wiserfunding is reporting two new platforms that are incorporating its service. Monet, a financial services firm for the “creator” economy, and Playter a buy now, pay later (BNPL) service, have both incorporated Wiserfunding’s credit risk assessment for SMEs. According to a release, Monet is using… Read More

September 1, 2021 @ 8:49 am By JD Alois  |  

Digital bank Zopa has added a broadband switching service to its marketplace in a move designed to create more value for its users. Zopa said this is the latest feature delivered in partnership with Decision Tech. Previously, Zopa added an energy switching feature. Zopa wants… Read More

August 31, 2021 @ 10:23 pm By JD Alois  |  

Assurely and Otso have joined to offer commercial lease insurance. Assurely is an Insurtech that provides coverage to innovative new businesses like online marketplaces. This is Assurely’s first foray into the commercial real estate industry. Otso is a Fintech that offers an alternative to traditional… Read More

August 31, 2021 @ 11:58 am By JD Alois  |  

The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple and its founders continues to work its way through the halls of justice.  While the SEC continues to pursue its belief that XRP (the digital currency created by Ripple) has always been… Read More

August 31, 2021 @ 11:32 am By JD Alois  |  

Gala Technology and Freedom Pay have partnered on a payment solution, according to a note from the company. Gala offers a “cardholder not present” solution called SOTPay that allows secure remote transactions.   FreedomPay offers a client experience platform that enables end-to-end consumer experiences by delivering… Read More

August 30, 2021 @ 8:03 pm By JD Alois  |  

StartEngine, one of the largest investment crowdfunding platforms in the US, is raising money for itself once again using the Reg A+ securities exemption. StartEngine utilizes several securities exemptions to raise capital online including Reg A+ and Reg CF as well as Reg D (506c)…. Read More

August 30, 2021 @ 4:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a judgment against a California man who allegedly posted false tweets to boost the price of a security that traded on OTC Markets. According to the SEC, Andrew L. Fassari used the Twitter name @OCMillionaire to promote shares… Read More

August 30, 2021 @ 11:59 am By JD Alois  |  

Shares in PayPal (NASDAQ:PYPL) are rising following the report that the Fintech is preparing to launch stock trading. PayPal already features crypto trading so a move towards traditional assets, alongside digital assets, may make a lot of sense to the global payments firm. According to… Read More

August 30, 2021 @ 11:42 am By JD Alois  |  

FV Bank, a digital bank with a focus on digital assets, has raised $8 million in a Series A funding round according to a company release. The funding will be utilized to launch a digital asset custody solution, a debit card along with international expansion…. Read More

August 30, 2021 @ 9:14 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a Fintech that became a public company last month, has distributed a note indicating that underwriters have exercised a portion of the share over-allotment. The customary practice allows underwriters to purchase more shares at the IPO price. Robinhood states that our of the… Read More

August 30, 2021 @ 9:02 am By JD Alois  |  

Russian Digital bank Tinkoff has been recognized as the Most Innovative Digital Bank in Central and Eastern Europe at Global Finance magazine’s 2021 World’s Best Digital Banks awards, according to a note from the Fintech. Tinkoff states that its AI [artificial intelligence] banking strategy seeks… Read More

August 27, 2021 @ 9:00 am By JD Alois  |  

NowRX, has returned to SeedInvest for its Series C funding round. According to the offering page, NowRX is raising capital at a pre-money valuation of $275 million. The size of the round is indicative of the ability for more mature firms to raise capital online…. Read More