December 7, 2020 @ 9:35 am By JD Alois  |  

Digital bank Revolut has partnered with PrestaShop, an e-commerce platform in Europe and Latin America. According to the company, and Revolut Business is now available to PrestaShop merchants allowing sellers and their customers to benefit from payments when shopping online. This is part of Revolut’s… Read More

December 7, 2020 @ 9:13 am By JD Alois  |  

Arca Labs, part of Arca a digital asset firm leveraging blockchain for the securities industry, has partnered with multiple digital asset custody providers. The partners include: Anchorage, TokenSoft, Gemini, Ledger, and Komainu. The group of custody firms will also support ArCoin that is backed by… Read More

December 6, 2020 @ 6:39 pm By JD Alois  |  

  This past week, House Representative Rashida Tlaib, along with Representatives Jesús “Chuy” García and Chairman of Task Force on Financial Technology Stephen Lynch, introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act (HR 8827). The goal of the legislation is to protect consumers… Read More

December 5, 2020 @ 5:20 pm By JD Alois  |  

Bizzabo, a platform for event planning and attendee experience that consolidates logistical, promotional, and social tools, has raised a solid $138 million in a funding round announced this past week. In a blog post, Bizzabo CEO and co-Founder Eran Ben-Shushan, commented on the new funding… Read More

December 5, 2020 @ 4:46 pm By JD Alois  |  

Yesterday, the Democratic members of the Committee on Financial Services, led by Chairwoman Maxine Waters, published a letter addressed to President-elect Joseph Biden demanding that the incoming administration should prioritize the elimination of certain rules and regulations on day one of his presidency. In a… Read More

December 5, 2020 @ 10:00 am By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) released a report this week entitled The Global Covid-19 Fintech Market Rapid Assessment Study. The report seeks to better understand the development of Fintech during a time of a global pandemic. The research was supported by the… Read More

December 4, 2020 @ 5:02 pm By JD Alois  |  

Far Peak Acquisition Corporation, a SPAC formed by Tom Farley, the Former NYSE President, raised gross proceeds of $550 million in an initial public offering (IPO) this week. Shares are trading under ticker symbol FPAC.U.  Previously, Farley’s earlier SPAC went public in June 2018 and… Read More

December 4, 2020 @ 4:15 pm By JD Alois  |  

Fintech Acquisition Corp. V (NASDAQ:FTCVU) has completed an initial public offering (IPO) of 21,800,000 units at a price of $10.00 per unit, for gross proceeds to the Company of $218,000,000. Each unit issued in the offering consists of one share of the Company’s Class A… Read More

December 4, 2020 @ 3:41 pm By JD Alois  |  

Netcapital Inc., the parent of crowdfunding platform Netcapital, has listed its shares on the OTCMarkets Pink segment (OTC: NCPL). The company’s stock has been designated Penny Stock Exempt by OTC Markets, in accordance with the Securities and Exchange Commission (SEC) rules. Netcapital Inc.’s stock will… Read More

December 4, 2020 @ 2:13 pm By JD Alois  |  

DealBox has made the leap from Stellar to Tezos and the company completed the process with the assistance of Vertalo. DealBox is a digital security platform that facilitates tokenization as well as investment crowdfunding. In migrating from Stellar, DealBox leveraged Vertalo’s digital transfer agent while… Read More

December 4, 2020 @ 1:56 pm By JD Alois  |  

Moov, a Fintech that supports banks and credit unions, Fintechs and more to quickly deploy financial service solutions to receive funds, store value, and remit payments, has raised $27 million in a Series A led by Andreessen Horowitz. Other investors include Gokul Rajaram as well… Read More

December 4, 2020 @ 11:49 am By JD Alois  |  

Revolut Business is challenging established payment platforms with its new feature that enables business accounts to accept payments that are deposited directly into their accounts. Yesterday, Stripe announced a service to provide digital banking to its customers. Today, Revolut is challenging Stripe and others by… Read More

December 4, 2020 @ 9:24 am By JD Alois  |  

Monetary Authority of Singapore (MAS) announced on June 28, 2019, that it would issue up to two digital full bank (DFB) licenses and three digital wholesale bank (DWB) licenses. Last June, MAS announced that 14 out of 21 applications to become digital banks have met… Read More

December 3, 2020 @ 5:23 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced a bit of end of the year housekeeping today by taking FinHub and morphing it into a standalone office now called the Strategic Hub for Innovation and Financial Technology. Valerie A. Szczepanik, who led FinHub will remain at… Read More

December 3, 2020 @ 4:48 pm By JD Alois  |  

Pave, formerly named Trove and recently rebranded, has received $16 million in an oversubscribed Series A funding round led by Andreessen Horowitz. Other big names participated in the round including Bessemer Venture Partners, Bezos Expeditions (as in Jeff Bezos), Dash Fund, and Y Combinator. Kristina… Read More

December 3, 2020 @ 1:21 pm By JD Alois  |  

In another nail in the coffin of brick and mortar banking, Stripe has announced Stripe Treasury, a platform that will allow users to leverage APIs to embed or leverage financial services such as savings accounts. In an extensive announcement Stripe said it was also partnering… Read More

December 3, 2020 @ 9:36 am By JD Alois  |  

Pockit, a digital banking app designed to cater to the underbanked masses, has announced a new partnership with Railsbank while simultaneously announcing a £15 million Series B funding paired with an offering on Crowdcube. The Crowdcube securities offer is for £500,000 Future Fund convertible note… Read More

December 3, 2020 @ 9:06 am By JD Alois  |  

Later today, Circle is hosting a live podcast that involves Circle CEO Jeremy Allaire and Visa Head of Crypto, Cuy Sheffield. The discussion will cover the new partnership between Circle and Visa (NYSE:V) that will involve the incorporation of the dollar backed stablecoin USDC. Circle… Read More

December 3, 2020 @ 8:47 am By JD Alois  |  

Updraft, described as an app that is part lending, part credit report, and part financial planning, has raised £16 million in funding. The new capital is in the form of both equity and debt. Updraft did not disclose the split between the two. Quilam Capital… Read More

December 2, 2020 @ 10:47 pm By JD Alois  |  

Australia reported better than anticipated GDP numbers this week with growth coming in at 3.3% in the September quarter, topping expectations of around 2.5%. The good news helped to provide some hope for the COVID battered economy. Speaking in Canberra, Philip Lowe, Governor of the… Read More