August 18, 2021 @ 2:38 pm By JD Alois  |  

Marygold & Co, a neobank that is providing banking services in partnership with LendingClub Bank, has purchased Tiger Financial & Asset Management in a move said to be a precursor to a UK launch of a Fintech app. According to International Advisor, Marygold & Co’s… Read More

August 17, 2021 @ 11:49 pm By JD Alois  |  

XDC Network, a hybrid blockchain platform for global trade and finance, has been selected as the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative, according to a note from XDC. The TFD Initiative is a consortium of trade originators, credit insurers,… Read More

August 17, 2021 @ 1:42 pm By JD Alois  |  

Rialto Markets, a regulated alternative trading system (ATS), is looking to provide liquidity to the crowdfunding sector by enabling retail investors to sell or buy shares in securities issued under the Reg CF and Reg A+ exemptions. Rialto Markets CEO Shari Noonan says it is… Read More

August 17, 2021 @ 12:20 pm By JD Alois  |  

Revolut, a top neobank that has global aspirations, is making millionaires of many of its employees. It is not just its founders that benefiting from the Fintech’s success but others that have picked up shares in the private company as it has grown. Revolut’s most… Read More

August 17, 2021 @ 12:01 pm By JD Alois  |  

Žltý melón has partnered with Salt Edge, a European Open Banking service provider, to incorporate PSD2 compliant access to data to improve the loan application process. Žltý melón is a peer-to-peer lender based in Slovakia that also offers a host of services in partnership with… Read More

August 17, 2021 @ 9:58 am By JD Alois  |  

Modern card platform Marqeta (NASDAQ: MQ) is now offering physical cards made from recycled plastic alongside a partnership with rePurpose Global to offset its plastic footprint. In the eco-friendly push, Marqeta will let its customers order physical cards made from 43 percent recycled material, offered… Read More

August 17, 2021 @ 9:47 am By JD Alois  |  

Paytia, a payments provider that ensures secure transactions by phone, has partnered with Talkdesk, according to a note from the company. UK-based Paytia is on a mission to enable consumers to pay over the phone without fear of card theft or fraud. Paytia’s Secure Virtual… Read More

August 17, 2021 @ 8:50 am By JD Alois  |  

Brex, a Fintech providing solutions for both big and small businesses, has acquired Weav, an Israel-based API platform for commerce sites. Brex has purchased Weav for $50 million, according to the company. The purchase is expected to help Brex expand its services globally by establishing… Read More

August 16, 2021 @ 11:18 pm By JD Alois  |  

The National Bank of Bahrain (NBB) has launched the Digital Banking Challenge in partnership with Bahrain FinTech Bay. The Challenge is open to all Bahraini youth to develop new and creative solutions focused on NBB’s new digital banking app. In line with Bahrain’s Vision 2030 objectives,… Read More

August 16, 2021 @ 10:17 pm By JD Alois  |  

Open banking platform Yapily has hired Roland Selmer as Chief Product Officer (CPO), according to a note from company. Yapily shares that Selmer brings deep experience in building API first products at organisations operating in highly regulated markets. Prior to joining Yapily, Selmer was Senior… Read More

August 16, 2021 @ 4:21 pm By JD Alois  |  

US House of Representative Patrick McHenry and Representative Glenn Thompson have sent a letter to both the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) telling them to form a working group on digital assets. The letter arrives at a time when… Read More

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

Saum Noursalehi, the CEO of tZERO, has exited the firm, according to a statement by the company. Noursalehi reportedly has submitted his resignation effective August 13, 2021. Noursalehi will also step down from his role on the Board of Directors. The tZERO Board has selected… Read More

August 16, 2021 @ 12:08 pm By JD Alois  |  

PeerIQ, a top online lending data and analytics operation, has been selected along with several other firms to submit proposals to the Federal Deposit Insurance Corporation (FDIC) aiming to boost the utilization of modern technology tools. PeerIQ is joined by Palantir Technologies, S&P Global Market… Read More

August 16, 2021 @ 11:48 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged HempAmericana its CEO, and six others with allegations of a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and has obtained emergency relief to halt ongoing conduct. HempAmericana… Read More

August 16, 2021 @ 10:13 am By JD Alois  |  

TWINO, an online lending marketplace based in Latvia, is reporting a record profit of €7.4 million on revenue of €61.6 million. The profit was an increase of 28% versus the year prior while top-line revenue increased by 30% year over year. Anastasija Oļeiņika, CEO of… Read More

August 13, 2021 @ 4:57 pm By JD Alois  |  

Poly Network is slowly retrieving the stolen crypto in a nightmare scenario where over $600 million in value was illicitly transferred from the platform. Poly Network has been keeping its community abreast of developments via Twitter as they scramble to reverse the transfers which included… Read More

August 13, 2021 @ 4:30 pm By JD Alois  |  

KingsCrowd, a data and analytics provider for private market issuers, has launched a crowdfunding round on Republic. According to the offering page, KingsCrowd is raising Series A funding at a pre-money valuation of $45 million. Investors receive a “stock purchase agreement.” KingsCrowd has raised over… Read More

August 13, 2021 @ 4:11 pm By JD Alois  |  

Bondster, an online investment platform where individuals may invest in secured loans, has launched a secondary trading marketplace, according to a note from the company. The Czech crowdfunding platform now provides greater liquidity for investors enabling them to cash out before the maturity of a… Read More

August 13, 2021 @ 10:08 am By JD Alois  |  

Quotall, an Insurtech that provides a market for providers, is raising growth capital on Seedrs. Investors may purchase equity at a pre-money valution of £15.1 million. The securities offering secondary market approved so backers may access liquidity following the funding round. The offering is also… Read More

August 12, 2021 @ 5:57 pm By JD Alois  |  

Wise, formerly doing business as Transferwise, continues to lower the fee it charges for its users. Earlier today, Wise announced that transfers in dollars, sent anywhere in the world, will now be charged at a lower rate. While banks continue to obfuscate and gouge, Wise… Read More