September 25, 2020 @ 8:37 am By JD Alois  |  

Fintech Acquisition Corp. IV (NASDAQ:FTIVU) a blank-check company that intends on acquiring one or more Fintech businesses, priced its initial public offering (IPO) at $10 a share raising gross proceeds of $200 million. Shares are expected to begin trading today (September 25, 2020) thus joining… Read More

September 24, 2020 @ 11:04 pm By JD Alois  |  

In a statement today, the UK Chancellor of the Exchequer Rishi Sunak announced an extension of Coronavirus programs that support impacted businesses. The Chancellor announced that the Bounce Back Loan scheme will offer greater repayment flexibility for firms including an extension of the length of… Read More

September 24, 2020 @ 4:38 pm By JD Alois  |  

Earlier this week, the Office of the Comptroller of the Currency (OCC) – the leading national bank regulator, provided guidance on banks and stablecoins. The guidance was designed to provide “greater regulatory certainty for banks” operating in this sector. Stablecoins are digital assets typically tied… Read More

September 24, 2020 @ 12:32 pm By JD Alois  |  

AltoIRA has partnered with leading crowdfunding platform Republic to enable IRA investors to hold securities sold via Republic. According to AltoIRA, Republic’s members may now invest in privately-held startups using their IRAs. AltoIRA allows individuals to set up an IRA to invest in alternative assets… Read More

September 24, 2020 @ 11:16 am By JD Alois  |  

The European Commission has announced the adoption of a Digital Finance Package along with legislative proposals on crypto-assets (digital assets).  The announcement has been widely anticipated and earlier this month draft legislation pertaining to crypto-assets was leaked to the public. According to a statement by… Read More

September 24, 2020 @ 10:02 am By JD Alois  |  

Accelerated Payments reports that it has advanced €210 million worth of invoice financing as it celebrates its third anniversary in operation.  Accelerated Payments, and invoice financing platform, claims to be the fastest-growing Fintech in Europe. Meanwhile, the company is planning to set up shop in… Read More

September 24, 2020 @ 9:08 am By JD Alois  |  

Property finance Fintech LendInvest has integrated with SIRA, a national fraud prevention and detection database using a service from Synectics Solutions. The move is designed to speed up retrieval of fraud insights for mortgage applications. LendInvest says it has also integrated with SIRA’s API to… Read More

September 24, 2020 @ 8:50 am By JD Alois  |  

Realio and Valentus Capital Management say they are working together to tokenize a $250 million fund. Realio is a tech stack for “institutional-grade digital assets. Valentus Capital Management is a private equity firm focused on event-driven and value-oriented investments within the credit sectors and the… Read More

September 23, 2020 @ 9:29 pm By JD Alois  |  

Singapore based Digital wealth manager Syfe has closed on a SG$ 25.2 million (USD $18.6 million) Series A funding round led by Valar Ventures. Other investors in the round include Presight Capital, and existing investor Unbound, the UK-based investment firm that led Syfe’s seed funding… Read More

September 23, 2020 @ 9:09 pm By JD Alois  |  

Payments tech firm FSS (Financial Software and Systems) is helping Everlink Payment Services Inc., a payments solutions working with Canadian credit unions, banks, and SMEs, modernize its card operations to support its future growth plans. According to a release, the FSS solution was chosen as… Read More

September 23, 2020 @ 2:44 pm By JD Alois  |  

Earlier this month, Banco Santander announced that its venture arm, Santander Innoventures was being spun off and renamed as Mouro Capital. Today, Mouro Capital is announcing its first investment leading a $26 million funding round in Uncapped. The funding round was said to include both… Read More

September 23, 2020 @ 12:30 pm By JD Alois  |  

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

September 23, 2020 @ 10:28 am By JD Alois  |  

Binance Futures, a crypto derivatives exchange, is reporting $1 trillion in trading volume – year to date. Binance Futures started a year ago in September 2019 and claims title as the market leader. Binance Futures is part of Binance – the world’s largest digital asset… Read More

September 23, 2020 @ 10:04 am By JD Alois  |  

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

September 23, 2020 @ 8:24 am By JD Alois  |  

Procheck24, Germany’s largest financial product broker, is collaborating with Raisin to offer a “novel” deposits solution for financial institutions. According to a note from Raisin, its services will now be made available via Procheck24’s 60,000 business partners including client banks. Raisin is an open banking… Read More

September 23, 2020 @ 7:55 am By JD Alois  |  

The British Business Bank has distributed some data points pertaining to the Future Fund on the 711 individual companies that have been approved to receive £720 million via convertible securities offerings. The Future Fund is a COVID support program that is seeking to support early-stage… Read More

September 23, 2020 @ 7:00 am By JD Alois  |  

Payments platform SpotOn has raised $60 million in a Series C funding round. SpotOn is a Fintech that is focused on the retail, services, and restaurant industries. The company has products specifically designed for each vertical, such as appointments, eCommerce, online ordering, and reservation management…. Read More

September 22, 2020 @ 9:51 pm By JD Alois  |  

LendingClub (NYSE:LC), a top marketplace lender serving consumers, says two recent studies indicate that personal loan payments take priority over paying off credit cards. Of course, this is good news for LendingClub – a long time advocate of cheaper personal loans versus expensive credit card… Read More

September 22, 2020 @ 7:00 pm By JD Alois  |  

CrowdStreet: COVID Will Accelerate Trends Already in Place Real estate investing has been impacted by the ongoing COVID-19 health crisis – as it has many other industries. In the online investing sector, many platforms have reported a rapid decline in activity during the early days… Read More

September 22, 2020 @ 3:20 pm By JD Alois  |  

The ongoing exposé of leaked documents from FinCEN (the enforcement branch of the US Department of Treasury), and allegations of money laundering, continues to ripple through the media. A story shared by NBC News today covers the collapse of Choice Bank, based in Belize, and… Read More