August 5, 2020 @ 10:33 am By JD Alois  |  

Today the British Business Bank has announced that it has approved Allied Irish Bank, Investec Bank plc, and Mercedes-Benz Financial Services UK Limited have been accredited under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). These three new CLBILS lenders will be able to provide… Read More

August 5, 2020 @ 9:25 am By JD Alois  |  

Koch Disruptive Technologies has announced an investment in Sight Diagnostics alongside global crowdfunding platform OurCrowd. Sight Diagnostics is a long time portfolio company of OurCrowd. The Series D funding raised a solid $71 million. Total funding now tops $124 million. A valuation of the Medtech… Read More

August 5, 2020 @ 9:00 am By JD Alois  |  

Draper Goren Holm has completed a follow-on investment in existing portfolio company Rewards Media, Inc., also known as “Giftz”. Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, says it has doubled down on Giftz, a Fintech startup that will provide… Read More

August 5, 2020 @ 7:49 am By JD Alois  |  

LendInvest, a mortgage finance Fintech, has funded a £10 million bridge loan on an LTC of 90% for a South London development. The property is in Abbey Wood, within the London borough of Greenwich – 11 minutes away from Canary Wharf. The company says it… Read More

August 5, 2020 @ 7:24 am By JD Alois  |  

kompany, a Vienna, Austria based Regtech firm, has raised just shy of €6 million, according to a note from the company. This brings total funding to €14 million. kompany is an AML/KYC service that is also developing an artificial intelligence (AI), DLT based, compliance solution…. Read More

August 4, 2020 @ 11:44 pm By JD Alois  |  

The Securities Commission Malaysia (SC) is seeking feedback on a regulatory framework for digital asset wallet providers. The review is expected to complement the existing frameworks for Digital Asset Exchange (DAX) and Initial Exchange Offering (IEO). The SC notes that digital asset wallet providers, now… Read More

August 4, 2020 @ 11:42 pm By JD Alois  |  

Bursa Malaysia Berhad, the stock exchange of Malaysia, has partnered with Hashstacs Pte Ltd, based in Singapore, regarding a bond on blockchain proof-of-concept (POC). The project has been labeled “Project Harbour” and it aims to explore distributed ledger technology and tokenization of assets while boosting… Read More

August 4, 2020 @ 9:31 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), along with the National University of Singapore (NAS) and National Research Foundation (NRF), have joined to create a new Fintech focused entity: the Asian Institute of Digital Finance (AIDF). AIDF is expected to provide thought leadership and strengthen synergies… Read More

August 4, 2020 @ 4:36 pm By JD Alois  |  

LendingClub (NYSE:LC) is out with Q2 earnings and, as anticipated, COVID-19 has hit the online lender hard. According to the company, during the quarter loan originations came in at $325.8 million, down 90% year-over-year. LendingClub’s net revenue during the quarter was down 77% year over… Read More

August 4, 2020 @ 11:09 am By JD Alois  |  

Circle, a digital asset ecosystem that is focusing on stablecoins, has received a $25 million investment from the Digital Currency Group – parent of Genesis. Once more of a crypto-exchange, Circle has pivoted a bit to service other sectors of digital assets. In Q2 of… Read More

August 4, 2020 @ 10:11 am By JD Alois  |  

Plant-based meat substitute firm “THIS” is reporting strong interest in its forthcoming securities offering on Seedrs. Several weeks ago, THIS revealed its intent to list a crowdfunded securities offering on Seedrs. The investment opportunity follows a recent VC round where the company raised £4.7 million… Read More

August 4, 2020 @ 10:00 am By JD Alois  |  

Recently, the Office of the Comptroller of the Currency (OCC) posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. Although recently we have seen improvements in banks providing services to crypto firms, many digital asset service providers… Read More

August 4, 2020 @ 7:37 am By JD Alois  |  

Revolut has partnered with TrueLayer, a financial service API provider, to incorporate open banking features in Italy. According to a release issued by the digital bank, Revolut customers in Italy will now be able to connect their Intesa Sanpaolo, UniCredit, UBI Banca, Banco BPM, Poste… Read More

August 3, 2020 @ 5:01 pm By JD Alois  |  

InstaReM, part of Nium, has partnered with SBM Bank India on outbound remittances from India. InstaReM says it will work closely with SBM Bank India as its licensed banking partner to facilitate international money transfers from India. As shared in a release, SBM Bank India… Read More

August 3, 2020 @ 4:47 pm By JD Alois  |  

Boon, a European payments platform and Apple Pay partner (among others), is shutting down, according to the company. Boon is part of Wirecard (WDI:DE), a Germany based Fintech that recently filed for bankruptcy following revelations of an accounting scandal and allegations of fraud. Boon is… Read More

August 3, 2020 @ 3:29 pm By JD Alois  |  

Last week, Acting Comptroller of the Currency Brian P. Brooks virtually presented Varo Bank, N.A. its official charter. Varo Money has been in business for years having provided bank services by partnering with an already chartered bank. As of August 1st, 2020, Varo Bank can… Read More

August 3, 2020 @ 2:44 pm By JD Alois  |  

Russia has signed into law legislation that impacts the cryptocurrency sector. On the last day of July, the Russian President, Vladimir Putin, signed the document that introduces a legal framework for digital assets that differentiates between digital securities and digital currencies. The statute, Federal Law… Read More

August 3, 2020 @ 12:13 pm By JD Alois  |  

  BBVA USA (NYSE: BBVA) is working with Google (Alphabet) (NASDAQ:GOOG) to offer digital bank accounts according to a release distributed by the bank. Spain based BBVA has been in business since 1857 and boasts a strong presence in the US with 641 branches, mainly… Read More

August 3, 2020 @ 10:51 am By JD Alois  |  

RateSetter, a leading UK based peer to peer lender, has been acquired by Metro Bank. The purchase of RateSetter has long been anticipated as the P2P lender messaged earlier that it was exploring “strategic options” – a euphemism for a sale. In June, there were… Read More

August 3, 2020 @ 9:27 am By JD Alois  |  

DIA or “Decentralised Information Asset” described as an open-source data and oracle platform for the DeFi ecosystem, has kicked off its public distribution of its governance token. The distribution of the governance token is via an “autonomous bonding curve sale” for the Switzerland based entity…. Read More