August 2, 2021 @ 11:07 am By JD Alois  |  

As has been previously reported, the spending bill that has been in the works for some time now is closer to become law. The ‘Infrastructure Investment and Jobs Act” lands at 2700 pages of government expenditure that aims to improve infrastructure like roads, airports, transportation… Read More

August 2, 2021 @ 10:18 am By JD Alois  |  

Digital asset management firm Arca has announced a new digital asset fund that aims to generate low double-digit returns, along with minimal volatility, for investors. The Arca Digital Yield Fund is said to be the first actively managed income fund in the digital assets sector…. Read More

August 2, 2021 @ 9:17 am By JD Alois  |  

Robinhood’s initial public offering (IPO) hit the Nasdaq last week with a bit of a thud. Shares were priced at $38 but have traded several dollars lower. As part of the public offering, Robinhood enabled a good chunk of its shares available to its customers…. Read More

August 2, 2021 @ 8:38 am By JD Alois  |  

Facevalue, a Netherlands-based factoring platform, has launched services across Europe for SMEs. Facevalue is a Dutch Fintech startup that offers working capital solutions and specializes in global accounts receivable and payable finance. Prior to the launch of its SME solution, Face value has been serving… Read More

August 1, 2021 @ 8:19 pm By JD Alois  |  

The US Senate worked on Sunday to come to terms on a infrastructure bill that could end up costing trillions of dollars. The super thin margin in the Senate means moderates on both sides of the aisle will play a key role in the decision… Read More

August 1, 2021 @ 11:47 am By JD Alois  |  

StartEngine, a full-stack investment crowdfunding platform, is claiming the title as the top Reg CF / Reg A+ funding during Q2 in regards to the amount of capital raised for firms using these securities exemptions. In March of 2021, the Securities and Exchange Commission (SEC)… Read More

July 30, 2021 @ 4:58 pm By JD Alois  |  

Congressman Patrick McHenry has submitted legislation to update the definition of an Accredited Investor. Currently, individuals deemed to be Accredited may participate in private, Reg D securities offerings – the most popular exemption utilized by promising young firms. To be deemed accredited, an individual must… Read More

July 30, 2021 @ 11:50 am By JD Alois  |  

President Joe Biden published more details on the pending infrastructure deal while indicating he intends to offset the substantial cost by various fees including “strengthening tax enforcement when it comes to cryptocurrencies.” In a speech, President Biden said: “This agreement will help ensure that America… Read More

July 30, 2021 @ 11:11 am By JD Alois  |  

Earlier this week, a tidal turbine went online generating sufficient power to provide enough electricity for 2000 homes. Towed and anchored off the coast of Scotland, the Orbital O2 is predicted to operate for around 15 years. The project came to fruition with the assistance… Read More

July 30, 2021 @ 10:43 am By JD Alois  |  

FT Partners, the leading boutique investment in the Fintech sector, has distributed its own spin on Fintech venture funding. Recently, CI covered CBInsights’ report on Fintech funding, and FT Partners concurs. Fintech is booming during the first half of 2021 fueled in part by the… Read More

July 29, 2021 @ 5:07 pm By JD Alois  |  

In one of the most anticipated Fintech initial public offerings (IPOs) of the year, Robinhood debuted on the Nasdaq today under the ticker “HOOD” in an offering priced at $38 a share. The share price came in at the low-end of the anticipated range. During… Read More

July 29, 2021 @ 4:18 pm By JD Alois  |  

UpCounsel almost went bust last year. The law firm alternative platform that seeks to provide legal services in a similar way that Codeable addressed web development, was on the brink of disaster. A lawsuit from 2018 had devastated the digital service, according to an article,… Read More

July 29, 2021 @ 10:35 am By JD Alois  |  

Payment service PayU has announced a partnership with Visa. According to a release, PayU is launching its Card Push service to provide businesses with efficient payments. By leveraging Visa Direct, a real-time push payments platform, businesses using PayU Card Push will be able to instantly… Read More

July 29, 2021 @ 10:17 am By JD Alois  |  

Pacypay, a payments service provider, has received approval from the UK Financial Conduct Authority (FCA) to operate as an Electronic Money Institution (EMI), according to a note from the company. Pacypay is part of Ronghan International and also includes OnerWay to facilitate payments and transfers…. Read More

July 29, 2021 @ 9:46 am By JD Alois  |  

Marqeta (NASDAQ:MQ) has announced that Google Pay will use its modern card issuing platform to facilitate a tokenized, virtual card that gives Google Pay users more ways to use their Google Pay Card. Marqeta is an interesting infrastructure Fintech that became a publicly traded company… Read More

July 29, 2021 @ 9:34 am By JD Alois  |  

Global remittances firm RemitONE and Vyne, a payments platform, have partnered up on money transfers. According to a release, the partnership delivers 100+ remittance clients instant access to Vyne’s payment solution, to send remittances globally. Vyne uses Open Banking to move money in real-time between… Read More

July 29, 2021 @ 8:43 am By JD Alois  |  

Fabric Ventures has announced a new $130 million fund dedicated to backing digital asset and decentralized, or DeFi, early-stage firms. The fund received the support of the European Investment Fund (EIF) which added $30 million to the fund. This is the first EIF backed fund… Read More

July 29, 2021 @ 8:20 am By JD Alois  |  

Antler, a global venture capital firm, has announced new operations in Canada. Antler has been active in the Fintech sector, including Proptech. Magnus Grimeland, the founder and CEO of Antler, sits on the board of Waterloo University and thus has an established connection to Canada…. Read More

July 28, 2021 @ 9:33 pm By JD Alois  |  

Robinhood has priced its initial public offering (IPO) of 55,000,000 shares of its Class A common stock at $38.00 per share. It was previously reported that Robinhood would float its shares at up to $42 each. Robinhood said a registration statement was declared effective by… Read More

July 28, 2021 @ 4:53 pm By JD Alois  |  

LendingClub (NYSE:LC), a Fintech that started as a peer-to-peer lender and now operating as a digital bank, has posted strong 2nd quarter results that easily topped expectations. LendingClub finally turned the corner on profitability shredding guidance that had expected a loss. Shares moved considerably higher… Read More