March 16, 2021 @ 11:14 am By JD Alois  |  

Checks are in the mail following the signing into law of the $1.9 trillion stimulus package. Many individuals in the US will receive checks in the amount of $1400 with families receiving more. Whether you like the law or not, all of those billions of… Read More

March 16, 2021 @ 10:41 am By JD Alois  |  

Wefunder, a top funding portal offering securities under Reg CF, has filed a Form C with the Securities and Exchange Commission (SEC) indicating its intent to raise up to $5 million in preferred equity at a pre-money valuation of $160 million. Wefunder seeks to sell… Read More

March 16, 2021 @ 8:51 am By JD Alois  |  

  eToro, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). The deal includes a $650 million common share private placement from investors including ION Investment Group, Softbank Vision Fund 2,… Read More

March 16, 2021 @ 8:10 am By JD Alois  |  

Digital investment platform Bitpanda has raised $170 million in a Series B funding giving the company a $1.2 billion valuation making it Austria’s first unicorn. The Vienna-based company says the round is one of the largest Series B investments ever in Europe. The round was… Read More

March 16, 2021 @ 2:30 am By JD Alois  |  

OurCrowd has revealed that NTT Finance, a subsidiary of NTT Group (Nippon Telegraph and Telephone), will establish NTT Finance Israel LP in partnership with OurCrowd. According to OurCrowd, NTT Finance will initially commit $15 million for a dedicated investment program. OurCrowd will provide early access… Read More

March 15, 2021 @ 10:09 pm By JD Alois  |  

OurCrowd portfolio company SaNOtize says that a UK clinical trial has delivered solid results as COVID-19 treatment. A self-administered nasal spray is said to reduce the viral load by more than 95% in 24 hours and by 99% in 72 hours. Trial results indicated that… Read More

March 15, 2021 @ 5:46 pm By JD Alois  |  

As previously reported, the House Committee on Financial Services will host part two of the hearing tackling the GameStop/Robinhood/Reddit trading phenomenon tomorrow. “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part II” will be live-streamed on the Committee’s… Read More

March 15, 2021 @ 3:05 pm By JD Alois  |  

Honeycomb Credit, a Reg CF funding portal that operates as a bank replacement loan marketplace, has raised $1.75 million in Seed funding. The round was led by the American Family Insurance Institute for Corporate and Social Impact, a VC firm that is affiliated with the… Read More

March 15, 2021 @ 1:24 pm By JD Alois  |  

Wefunder is reporting one of their biggest weeks ever when it comes to Reg CF securities offerings. According to a Tweet by Jonny Price, Wefunder Director of Fundraising, Reg CF saw $2,746,355 in offerings on their platform. This is more than double what either Republic… Read More

March 15, 2021 @ 12:52 pm By JD Alois  |  

Beginning today, companies raising capital under Reg CF may file to raise up to $5 million from the previous $1.07 million. The rule change was enacted by the Securities and Exchange Commission last year and became actionable today. Crowdfund Insider has heard that some issuers… Read More

March 15, 2021 @ 11:20 am By JD Alois  |  

American Airlines Arena, home of the Miami Heat NBA team, may be getting a name change following the expiration of the deal with American Airlines. According to a report, the Arena’s name may be picked up by FTX Trading, a cryptocurrency trading platform. First covered… Read More

March 15, 2021 @ 10:40 am By JD Alois  |  

The NEM Group has announced the launch of the “next generation” proof of stake enterprise-level blockchain called “Symbol.” The blockchain utilizes a native cryptocurrency “XYM.” NEM states that Symbol is designed to be interoperable, supporting public/private hybrid models, trustless cross-chain swaps, and with its APIs… Read More

March 15, 2021 @ 10:23 am By JD Alois  |  

Lending software provider Blend says it has entered into a definitive agreement with Mr. Cooper Group (NASDAQ: COOP) to acquire Title365, a provider of title insurance and settlement services. Blend will acquire Title365 for approximately $422 million, reflecting an enterprise value of $500 million, less… Read More

March 15, 2021 @ 9:29 am By JD Alois  |  

4thWay, an independent ratings agency for the peer-to-peer lending industry, is out with a report on the performance of P2P investing over the past 15 years. The company states that all 15 years of activity have been profitable for investors even during the Great Recession… Read More

March 14, 2021 @ 7:30 pm By JD Alois  |  

Last week, the Senate Banking Committee voted to 14-10 to move forward with Gary Gensler’s nomination as the Chairman of the Securities and Exchange Commission. On the same day, the vote was taken on Rohit Chopra and his nomination as Director of the Consumer Financial… Read More

March 14, 2021 @ 12:50 pm By JD Alois  |  

Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and… Read More

March 12, 2021 @ 3:25 pm By JD Alois  |  

Congressman Patrick McHenry, the ranking member of the House Committee on Financial Services, has sent a letter to the Securities and Exchange Commission (SEC) urging them to move forward on improvements to Regulation Crowdfunding (Reg CF). The letter is addressed to SEC Acting Chair Allison… Read More

March 12, 2021 @ 1:18 pm By JD Alois  |  

Binance, the largest crypto asset trading platform in the world, has announced Binance Pay – a new payment feature of the Binance App. Binance Pay had been in soft launch for the past month and is now available for all users following a beta period… Read More

March 12, 2021 @ 1:10 pm By JD Alois  |  

In January, BlockFi filed a Form D 506c for BlockFi Bitcoin Trust. Beyond a move to raise capital, the securities filing disclosed little as the first sale had yet to occur. Today, two more Form Ds have appeared on the Securities and Exchange Commission’s document… Read More

March 12, 2021 @ 12:42 pm By JD Alois  |  

Binance, the largest cryptocurrency trading platform in the world, has garnered the scrutiny of the US Commodity Futures Trading Commission (CFTC), according to a report. Binance has emerged as a leading crypto trading platform and innovator in the digital asset sector. If you look at… Read More