June 1, 2021 @ 8:08 am By JD Alois  |  

Online credit marketplace CrossLend GmbH has joined the Association of German Credit Platforms (VdK) as a full member. CrossLend is a Fintech authorized and regulated by the Federal Financial Supervisory Authority and regulated by the Luxembourg CSSF. The Association of German Credit Platforms advocates for… Read More

June 1, 2021 @ 7:46 am By JD Alois  |  

Digital bank Revolut says that over the next several weeks that it will be adding new digital assets for trading each Tuesday. Revolut states that “Token Tuesdays will add new cryptocurrencies to the 21 tokens already supported in the banking app. The bank states that… Read More

May 29, 2021 @ 3:05 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, is on track to trade next week following a successful merger with Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE). The combined company is expected to start trading on Nasdaq on June 1, 2021, under… Read More

May 28, 2021 @ 7:14 pm By JD Alois  |  

Digital asset exchange BitConnect is the most recent crypto marketplace to gain the scrutiny of the Securities and Exchange Commission, Division of Enforcement. In a public statement, the SEC announced an enforcement action against five individuals alleging the promotion of a global unregistered digital asset… Read More

May 28, 2021 @ 2:23 pm By JD Alois  |  

Sheetz a sizeable gas station and convenience store chain in the US will start accepting cryptocurrency as payment. The ability to accept crypto has been made feasible in a new partnership with Flexa. In a medium post, Linda Smith, Payments Manager for Sheetz, explained: “Above… Read More

May 28, 2021 @ 12:18 pm By JD Alois  |  

Lee A. Schneider has joined Ava Labs as the firm’s first General Counsel, according to a note from the company. Schneider is well known in the crypto/blockchain sector having previously been GC of Block.one/EOS. He is a regular suspect in Washington, DC where he is… Read More

May 27, 2021 @ 10:29 pm By JD Alois  |  

Airstar, one of a select few digital banks approved by Hong Kong regulators, has announced SME banking services. AirStar states that following its launch in the summer of 2020 it has experienced a steady increase of both deposit accounts and loan customers and it is… Read More

May 27, 2021 @ 9:11 pm By JD Alois  |  

Acorns, a neobank serving the consumer market, will go public via a special purpose acquisition company (SPAC) according to a note from the company. The SPAC sector has been red-hot in the past 12 months as it offers a more streamlined process for companies to… Read More

May 27, 2021 @ 8:44 pm By JD Alois  |  

Spinwheel, a unique student debt service, has closed on a solid $11 million funding led by some prominent Fintech investors. QED Investors was joined by Core Innovation Capital, Fika Ventures, and Firebolt Ventures in the funding. Spinwheel provides a series of APIs, that can be… Read More

May 27, 2021 @ 2:57 pm By JD Alois  |  

AllianceBlock has announced a collaboration with Hedera Hashgraph. The two firms said they will join forces to advance the global financial ecosystem through DeFi solutions. Simultaneously, AllianceBlock announced the launch of the AllianceBridge, interoperability product – a blockchain agnostic feature. The bridge will use the… Read More

May 27, 2021 @ 12:45 pm By JD Alois  |  

Securitize, a digital asset platform that enables issuers to leverage blockchain technology, has announced the launch of Securitize Capital, LLC, a wholly-owned subsidiary, that will operate as an alternative investment manager in the digital asset sector. According to the company, Securitize Capital was created due… Read More

May 27, 2021 @ 12:06 pm By JD Alois  |  

This past February, the European Securities and Markets Authority (ESMA) announced a consultation on technical standards for the Europea Crowdfunding Service Providers Regulation (ECSPR). The move was part of the European Union’s announced harmonization of investment crowdfunding rules. For years, industry insiders and advocacy groups,… Read More

May 27, 2021 @ 9:39 am By JD Alois  |  

European securities regulator, the European Securities and Markets Authority (ESMA), has issued a “call for evidence” on digital finance. According to a statement posted by the ESMA, they are seeking information on “value chains,” platforms, and financial/non-financial services. The initiative is part the EU’s goal… Read More

May 27, 2021 @ 7:09 am By JD Alois  |  

Digital bank Zopa is rolling out a “test and learn approach” for the future of workers by allowing all employees to work from wherever they want – including up to 90 days abroad. COVID has forced most companies to reassess working arrangements as virtual offices… Read More

May 26, 2021 @ 4:13 pm By JD Alois  |  

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), testified today in front of the House Subcommittee on Financial Services and General Government, part of the Appropriations Committee, where he presented the litany of challenges his agency faces including emerging Fintech issues. The… Read More

May 26, 2021 @ 12:11 pm By JD Alois  |  

Digital asset firm Tokeny Solutions has partnered with Monerium to boost the accessibility of digital securities by enabling a digital euro to secondary transfers, according to a note from the company. Monerium is a regulated Electronic Money Institution (EMI) licensed to operate in the European… Read More

May 26, 2021 @ 11:37 am By JD Alois  |  

Apple (NASDAQ:AAPL) has long been a significant Fintech in regards to payments and transfers. The Apple Card, in partnership with Goldman Sachs, has been a big hit and Apple Cash is growing in utilization. Today, Apple may be looking to expand its Fintech services into… Read More

May 26, 2021 @ 10:38 am By JD Alois  |  

Randal Quarles, Vice Chairman of the US Federal Reserve, testified in front of the Senate Banking Committee this week as part of the Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System. While much of the discussion swirled around the economy… Read More

May 26, 2021 @ 8:00 am By JD Alois  |  

Varo Bank, the first Fintech in the US to become a fully chartered national bank, has added a new “Perks” program for customers. According to a release, Perks offers rewards of up to 15% Cashback from local and national merchants. The new program is set… Read More

May 26, 2021 @ 6:00 am By JD Alois  |  

Virtuix, an augmented reality gaming platform that allows players to experience virtual worlds, has raised over $19 million from 6500+ investors in a Series A-2 funding round, according to a note from the company. The securities offering was listed on SeedInvest. Virtuix has previously received… Read More