October 28, 2020 @ 9:19 pm By JD Alois  |  

Prospa Group Limited (ASX: PGL) has posted a trading update for the quarter ending September 30, 2020 (1Q21). Prospa is an online lender serving Australian and New Zealand SMEs. According to Prospa total loan originations during Q1 came in at $80 million up 265% on… Read More

October 28, 2020 @ 2:54 pm By JD Alois  |  

  StartEngine, a leading securities crowdfunding platform, has announced that it will fire up its secondary marketplace for crowdfunded securities this coming Friday, (October 30). StartEngine started the process to launch “StartEngine Secondary” years ago. A pre-cursor to receiving approval to operate an “alternative trading… Read More

October 28, 2020 @ 1:29 pm By JD Alois  |  

Remember Flippy? Well, it appears that White Castle likes the robotic burger flipper enough it is expanding its service into ten new locations. According to a note from Miso Robotics, the popular fast food change is adding the first autonomous grilling and frying kitchen assistant,… Read More

October 28, 2020 @ 12:05 pm By JD Alois  |  

Stax, an online capital formation platform, is claiming to be the first marketplace in Australia to receive investments paid in crypto in advance of an initial public offering (IPO). Stax seeks to crowdfund offerings with both AUD and crypto. West Coast Aquaculture Group Ltd (WCA)… Read More

October 28, 2020 @ 11:20 am By JD Alois  |  

Medici Ventures has invested $8 million into Bitt, a Barbados-based company. The equity investment into Bitt effectively gives Medici control of the company. Medici Ventures is a wholly-owned subsidiary of Overstock (NASDAQ:OSTK) that focuses on blockchain technology. Bitt was founded in 2013 as an infrastructure… Read More

October 28, 2020 @ 10:19 am By JD Alois  |  

Assetz Capital, a peer to peer lender that originates secured loans, has received an additional £25 million from the British Business Bank for the UK Coronavirus Business Interruption Loan Scheme (CBILS). In March, Assetz Capital received £15 million from the British Business Bank to help… Read More

October 28, 2020 @ 9:27 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), the leading research institute covering the global Fintech sector, has partnered with the World Bank on a study reviewing the impact of COVID-19 on Fintech and regulation. As finance is one of the most regulated sectors of industry… Read More

October 28, 2020 @ 12:02 am By JD Alois  |  

Zopa, formerly a peer to peer lender and now a regulated digital bank, has launched its first credit card that is said to be designed to help customers stay in control of their money and their debt. Zopa says its credit card provides a feature called ”Safety Net”  which allows customers to lock… Read More

October 27, 2020 @ 10:19 pm By JD Alois  |  

Paytia, has raised £1.2 million in a “pre-series A seed” round led by Bloc Ventures. Paytia is a specialist firm that enables businesses to take payments over the phone in a compliant manner. Founded in 2016 in Southampton, Paytia’s technology is said to ensure that… Read More

October 27, 2020 @ 4:44 pm By JD Alois  |  

Copper Banking, a digital bank for teens, has hired as VP of Customer Experience and Compliance, according to a note from the firm. Gonzalez was previously Head of Member Services at Chime Bank, a digital bank that has scaled rapidly over the past ears with… Read More

October 27, 2020 @ 1:58 pm By JD Alois  |  

William (Bill) Hinman, Director of the Security and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC later this year, according to a notice posted by the agency. Hinman joined the SEC in 2017 and was soon engulfed in the initial coin offering… Read More

October 27, 2020 @ 12:37 pm By JD Alois  |  

    Recently, Kik settled a long legal battle with the Securities and Exchange Commission (SEC). In the end, Kik must pay a $5 million settlement pertaining to an initial coin offering (ICO) that was deemed to be an unregistered security offering. Additionally, for the… Read More

October 27, 2020 @ 11:33 am By JD Alois  |  

Openfinance has been acquired by INX Limited, a company that is seeking to build a digital asset issuance and trading platform that is in the midst of a registered token offering. INX filed a form F-1 registration statement with SEC in 2019 which was subsequently… Read More

October 27, 2020 @ 9:43 am By JD Alois  |  

JPMorgan’s (NYSE:JPM) JPM Coin is being used live today by a “large international technology company that is using it for round-the-clock cross-border payments,” according to a report. JPM Coin was revealed back in early 2019. More of a stablecoin, the digital currency is viewed as… Read More

October 27, 2020 @ 8:35 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting to “consider whether to adopt rule amendments to facilitate capital formation and increase opportunities for investors by expanding access to capital for small and medium-sized businesses and entrepreneurs across the United States.” The meeting… Read More

October 26, 2020 @ 7:20 pm By JD Alois  |  

  OurCrowd, a leading online investment marketplace, has partnered with SALT on a series of discussions called the Pandemic Venture Investment Series starting October 29. SALT is a global thought leadership forum and networking platform encompassing finance, technology, and geopolitics. According to  OurCrowd, each episode… Read More

October 26, 2020 @ 12:19 pm By JD Alois  |  

The Financial Crimes Enforcement Network (FinCEN) and the US Federal Reserve Board has invited comment on a proposed rule that would amend the recordkeeping and travel rule regulations under the Bank Secrecy Act. The travel rule is affiliated with the Financial Action Task Force’s (FATF)… Read More

October 26, 2020 @ 11:38 am By JD Alois  |  

Kale United AB is returning to the European crowdfunding platform FundedByMe a 4th time to raise capital online. Launching to the public on November 23rd, 2020, Kale says it has already attracted over €1 million from private investors prior to the public offering. Investors Dismatrix… Read More

October 26, 2020 @ 9:43 am By JD Alois  |  

Trading in both equities and cryptoassets is dominated by institutional money with automated trading platforms. Sophisticated algorithms analyze data rapidly to make trading decisions and hopefully generate gains. Coinrule, a cryptocurrency trading startup, wants to offer a similar service to retail investors and the company… Read More

October 26, 2020 @ 8:46 am By JD Alois  |  

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More