July 15, 2021 @ 4:04 pm By JD Alois  |  

“I am concerned about getting this right.” – Jerome Powell Federal Reserve Chairman Jerome Powell hiked up to Capitol Hill this week to visit with the House Financial Services Committee and Senate Banking Committee. The House Comittee held a hearing yesterday with Senate Banking holding… Read More

July 15, 2021 @ 11:51 am By JD Alois  |  

In the days before Q2 earnings, LendingClub (NYSE:LC) has settled its case with the Federal Trade Commission (FTC), subject to court approval. According to a release distributed by LendingClub, the settlement requires LendingClub to make an $18 million payment for consumer remediation, an amount already… Read More

July 15, 2021 @ 11:08 am By JD Alois  |  

The United Kingdom has long been a top global Fintech hub – a title it is keen to maintain. The combination of a pretty supportive policy environment, a market economy, and a risk-taking entrepreneurial class, has fueled a Fintech boom. More recently, Brexit has challenged… Read More

July 15, 2021 @ 10:42 am By JD Alois  |  

The Dutch Alternative Credit Instrument (DACI) is poised to provide access to capital for SMEs in the Netherlands. According to a post by the European Investment Fund (EIF), DACI is being launched by the Dutch National Promotional Bank Invest-NL and the Ministry of Economic Affairs… Read More

July 15, 2021 @ 9:46 am By JD Alois  |  

Once again, leading Fintech investment bank FT Partners has played a key role in an outsized funding round in the Revolut transaction. As was reported earlier today, Revolut raised $800 million at a whopping $33 billion valuation. The funding was led by SoftBank – Tiger… Read More

July 15, 2021 @ 9:18 am By JD Alois  |  

Eurora Solutions, an Estonian firm that offers an AI/ML service for cross-border transactions, has raised a $3 million seed round, according to a note from the firm. The seed round was led by Change Ventures which was joined by angels including the founders of Printify,… Read More

July 14, 2021 @ 3:16 pm By JD Alois  |  

LendingClub (NYSE:LC), once the largest marketplace lender in the US and now an emerging digital bank, is transitioning away from the Radius Bank brand. As was previously reported, LendingClub acquired federally chartered Radius Bank with the deal closing around the beginning of this year. The… Read More

July 14, 2021 @ 3:04 pm By JD Alois  |  

SEC Commissioners Elad Roisman and Hester Peirce have joined together in issuing a public statement on Blotics, a firm formerly operating as Coinschedule, and the enforcement action by the SEC that was revealed today. As was previously reported, the SEC has settled charges against the… Read More

July 14, 2021 @ 10:14 am By JD Alois  |  

Cityzenith, an issuer on a mission to decarbonize US urban areas with its Cities – Clean Future strategy, has quickly raised over $847,000 in one week on Wefunder in a Reg CF securities offering. According to the offering page, Cityzenith is looking to raise up… Read More

July 14, 2021 @ 9:59 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched its next survey on the Fintech industry. According to CCAF, the research entity has kicked off the Global COVID-19 #Fintech Market and Industry Resilience Study. More recently, CCAF published its Global Alternative Finance Benchmarking Report outlining… Read More

July 14, 2021 @ 9:17 am By JD Alois  |  

Clausematch, a UK-based Regtech serving global markets, has been selected as the winner of the Innovate Finance Pitch360. Innovate Finance is a Fintech industry group that advocates on behalf of innovation in financial services. According to a note from Clausematch, over 2000 votes were tallied across… Read More

July 14, 2021 @ 8:58 am By JD Alois  |  

One of the leading UK-based Fintechs LendInvest is now a publicly-traded firm. LendInvest’s shares commenced trading on the London Stock Exchange’s AIM market today in an initial public offering (IPO). Shares are trading under the ticker symbol “LINV”. As was previously reported, LendInvest will raise… Read More

July 13, 2021 @ 7:09 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has taken action against GreenSky, LLC for “enabling contractors and other merchants to take out loans on behalf of thousands of consumers who did not request or authorize them,” according to a statement from the Bureau. The CFPB has… Read More

July 13, 2021 @ 3:29 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the world’s most valuable public company, is diving deeper into the Fintech space according to a report. Apple is expected to offer a Buy Now, Pay Later (BNPL) service similar to other Fintechs like Affirm. BNPLs have emerged as a hot sector of… Read More

July 13, 2021 @ 1:55 pm By JD Alois  |  

Recently, Seedrs shared some insight into securities crowdfunding performance for the first half of 2021. While 2020 started out quite rough due to the arrival of a global pandemic, in the latter half of the year Seedrs, like many online investment platforms, showed solid resilience… Read More

July 13, 2021 @ 11:09 am By JD Alois  |  

Marco Financial has raised $80 million in seed funding led by Kayyak Ventures while simultaneously received an increased credit line to $100M provided by Arcadia Funds. Additional investors in the seed round and expanded credit facility include Village Global VC, Flexport Ventures, Tresalia Capital, 342 Capital, Struck Capital,… Read More

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

Just weeks after a record amount of crypto seized by authorities in the UK, the Metropolitan Police have topped that amount in taking possession of cryptocurrency said to amount to almost £180 million. According to Scotland Yard, the seizures were made by detective from the… Read More

July 13, 2021 @ 9:36 am By JD Alois  |  

OurCrowd, a global online investment platform catering to both individual and institutional investors, streamed a session today that discussed the Top 10 Post-Pandemic Tech Trends that believes are impacting markets. The session was modeled after a popular segment of OurCrowd’s annual Investor Summit held in… Read More

July 13, 2021 @ 8:51 am By JD Alois  |  

Crowdcube, a top European investment crowdfunding platform, has hired a new Chief Technology Officer as the launch of its new Community IPO nears According to a post on BusinessCloud, former CIO of Moneysupermarket David Halsey will help develop the tech stack at Crowdcube as the… Read More

July 13, 2021 @ 8:16 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has posted Q2 earnings that have topped expectations. Goldman CEO and Chairman David M. Solomon issued the following statement: “Our second-quarter performance and record revenues for the first half of the year demonstrate the strength of our client franchise and our continued… Read More