July 8, 2021 @ 9:28 am By JD Alois  |  

Senator Elizabeth Warren, a member of the Senate Banking Committee, has sent a letter to SEC Chairman Gary Gensler telling the securities regulator that crypto exchanges may be undermining the SEC’s mission of basic investor protections. Gensler, for his part, has publicly worried that crypto… Read More

July 7, 2021 @ 7:22 pm By JD Alois  |  

The UFC is going crypto in a deal with Crypto.com that is described as a “historic long-term partnership that represents an evolutionary step in the branding of both companies.” The terms of the deal were not disclosed. The Ultimate Fighting Championship (UFC) is a mixed… Read More

July 7, 2021 @ 2:32 pm By JD Alois  |  

CrowdToLive, a Fintech platform that wants to make home-ownership easier with an equity financing platform, is looking to raise £250,000 on Seedrs. According to the offering page, CrowdToLive is offering equity at a pre-money valuation of £11.9 million. The security is EIS eligible and has… Read More

July 7, 2021 @ 2:00 pm By JD Alois  |  

Visa (NYSE:V), an old-school payments platform that has embraced crypto, reports that over $1 billion has been spent on crypto-linked Visa cards. Cryptocurrency can be spent across Visa’s entire network of over 70 million global merchants. Visa has partnered with platforms like Coinbase, FTX, Crypto.com,… Read More

July 7, 2021 @ 10:35 am By JD Alois  |  

Wise (formerly dba Transferwise) has successfully completed a direct listing on the London Stock Exchange (LSE) on its Main Market. The accomplishment is another milestone mark for the global Fintech that has transformed the industry of moving money around the world. The listing on the… Read More

July 7, 2021 @ 9:33 am By JD Alois  |  

Splitit (ASX:SPT), has announced a buy now, pay later (BNPL) service that is available at retail locations around the world. “Splitit InStore” also features Apple Pay as well as Google Pay to facilitate credit. Splitit also announced several new brands that have signed on to… Read More

July 7, 2021 @ 8:35 am By JD Alois  |  

Entercard, a Nordic credit firm operating in Norway, Sweden and Denmark, is partnering with European open banking company Nordigen to improve their credit assessment and scoring models. The partnership is described as significantly increasing the accuracy of the existing credit scoring models by adding new… Read More

July 6, 2021 @ 12:45 pm By JD Alois  |  

Pine Labs is raising more money, according to a statement from the firm. Pine Labs says that Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, and a fund advised by Neuberger Berman Investment Advisers LLC are all participating in the funding…. Read More

July 6, 2021 @ 12:06 pm By JD Alois  |  

The British Business Bank has published final data on the COVID relief programs that saw £79.3 billion in government-backed loans distributed to 1.67 million businesses. The UK government created multiple lending schemes designed to support businesses impacted by the Coronavirus. Both traditional financial services firms,… Read More

July 6, 2021 @ 10:44 am By JD Alois  |  

Previse has partnered with Pagero to offer early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice, according to a company release. Previse is described as an AI… Read More

July 6, 2021 @ 9:40 am By JD Alois  |  

CrowdProperty is reporting a £300 million institutional funding line agreement with a “new major investment manager.” The funding line is said to be a five-year agreement that complements CrowdProperty’s existing sources of capital. CrowdProperty is a property lending platform that provides access to capital for… Read More

July 6, 2021 @ 9:03 am By JD Alois  |  

At the end of last month, the UK Financial Conduct Authority (FCA) announced that Binance Markets Limited was no longer permitted to undertake any regulated activity in the UK. Binance Markets is part of the broader Binance Group – a company that powers the largest… Read More

July 5, 2021 @ 11:46 am By JD Alois  |  

Klarna, a top European Fintech, is under investigation by the Swedish regulator Finansinspektionen for a possible security breach and transgression of the bank secrecy act. In a statement by Finansinspektionen, the financial regulator referenced an “IT incident” that took place in May 2021 where customers… Read More

July 5, 2021 @ 10:55 am By JD Alois  |  

Revolut, a top European digital bank, is working on its next funding round according to a recent report. If accurate, Revolut is anticipated to receive a valuation of between $30 billion and $40 billion. Sky News states that early discussions include SoftBank’s Vision Fund 2… Read More

July 2, 2021 @ 4:37 pm By JD Alois  |  

Skybridge Capital will launch a private Ethereum Fund that it will then seek to migrate over to an Exchange Traded Fund (ETF), according to founder Anthony Scaramucci. Scaramucci tipped his hat to the forthcoming fund in a recent podcast stating: “July 1st, we’re launching a… Read More

July 2, 2021 @ 12:42 pm By JD Alois  |  

Yesterday, the Chancellor of the Exchequer Rishi Sunak outlined his vision for financial services in the UK. The Chancellor highlighted his goal of maintaining, and growing, the UK’s prominence in the finance industry – including the Fintech sector. Topics covered targeting Fintech included distributed ledger… Read More

July 2, 2021 @ 10:57 am By JD Alois  |  

Vereinigte Volksbank Raiffeisenbank eG (VVRB) and creditshelf AG have announced a cooperation agreement to provide access to capital for German SMEs. According to a note from creditshelf, the partnership agreement will see corporate customers of Volksbank gaining access to credit services provided by creditshelf. The… Read More

July 2, 2021 @ 10:32 am By JD Alois  |  

The Chancellor of the Exchequer Rishi Sunak has outlined his vision for financial services in the 2021 Mansion House speech. Charting the roadmap forward post-Brexit, the Chancellor noted the importance of financial services for the UK economy. Financial services currently employs around 2.3 million people… Read More

July 2, 2021 @ 9:47 am By JD Alois  |  

The Securities and Exchange Commission of Thailand is the next jurisdiction to target the world’s largest cryptocurrency exchange. According to a posting by the securities regulator, the Thai SEC has filed a criminal complaint against Binance for operating a digital asset business without a license…. Read More

July 2, 2021 @ 9:06 am By JD Alois  |  

Bling, a platform that enables game developers to offer Bitcoin rewards, has announced a seed funding round that has received the backing of Coinbase Ventures. Pre-seed investors included Wavemaker Genesis, Gumi Cryptos Capital, and Blocktower Capital. Details of the funding were not revealed. Bling said… Read More