July 29, 2020 @ 7:40 am By JD Alois  |  

Nuapay is now connected with 55 banks operating in France connecting 190 million French bank accounts. Nuapay’s French merchants will now be able to accept instant payments via Open Banking from customers, according to a company release. Nuapay is a subsidiary of Sentenial. The company… Read More

July 28, 2020 @ 9:12 pm By JD Alois  |  

As has been rumored for some time now, Transferwise has raised additional funding at a valuation of $5 billion – a 43% increase to its last funding round. According to a note from the Fintech, Transferwise has closed on $319 million in new capital with… Read More

July 28, 2020 @ 5:41 pm By JD Alois  |  

Enova (NYSE:ENVA) has acquired online lender OnDeck (NYSE:ONDK) for $1.38 a share including $0.12 in cash, according to a corporate release. Shares in OnDeck jumped in after-hours trading moving from around $0.85/share to around $1.22/share. Under the terms of the agreement, OnDeck shareholders will receive… Read More

July 28, 2020 @ 3:13 pm By JD Alois  |  

Dubai Economy (Dubai Department of Economic Development or DED) and Emirates NBD, a leading banking group in the MENAT region (Middle East, North Africa, and Turkey), have announced the go-live of the UAE KYC Blockchain Platform. The project is described as an initiative that facilitates… Read More

July 28, 2020 @ 11:21 am By JD Alois  |  

Well known “Shark,” from CNBC’s popular investment show “Shark Tank,” Kevin O’Leary (AKA Mr. Wonderful), is crowdfunding on StartEngine. O’Leary has listed a company he co-founded – Beanstox, a savings and investment app, that is seeking up to $1.07 million under the Reg CF securities… Read More

July 28, 2020 @ 11:06 am By JD Alois  |  

Moneybox, a UK based Fintech, has raised £4 million in just four hours crowdfunding on Crowdcube, according to a note from the company. According to the offering page, Moneybox has now raised £4.47 million from 11,012 investors at a pre-money valuation of £142.7 million. The… Read More

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

SEBA Bank, a Switzerland based bank licensed by FINMA that seeks to bridge digital assets and more traditional ones, has announced that its Chairman of the Board of Directors has stepped down. According to a release, Andreas Amschwand has decided to exit the board and… Read More

July 28, 2020 @ 8:35 am By JD Alois  |  

A recent report authored by Jefferies wonders aloud if COVID will not only impact the health of the world but may also kill off digital-only challenger banks. According to the report, analysis of data indicates that “digital engagement” has moved back into the realm of… Read More

July 28, 2020 @ 8:08 am By JD Alois  |  

Digital bank Revolut has announced a new price comparison feature for its users. Working with Decision Tech, Revolut has launched “Essentials”  to enable users to more easily switch and save on various services such as gas, electricity, and broadband. The Essentials feature is available now… Read More

July 27, 2020 @ 9:18 pm By JD Alois  |  

ReitBZ, a leveraged security token backed by real estate issued by BTG Pactual, has announced the distribution of its first dividend. According to ReitBZ, the digital asset will be the first of its kind to distribute profits to investors. Everything will be handled via blockchain-based… Read More

July 27, 2020 @ 9:01 pm By JD Alois  |  

VC group Draper Goren Holm has invested an undisclosed amount into Degens – “the Blockchain Betting Exchange.” Founded in 2017, Degens is said to be the first peer to peer sports betting exchange to operate on the Ethereum blockchain. Degens is said to have an… Read More

July 27, 2020 @ 9:00 pm By JD Alois  |  

Bitbond is a Germany-based Fintech that started life as a global online lender serving small business borrowers. Some years ago, Bitbond received a regulatory license by the German financial services regulator, BaFin. Crowdfund Insider reported that it took several years to complete the process but… Read More

July 27, 2020 @ 6:58 pm By JD Alois  |  

Fintech, as a sector of investment, has been hot for years now. The financial services industry is at the beginning of a decades-long transformation where all forms of these services will become digitalized and in some cases ubiquitous. A representative from Plaid recently said, “every… Read More

July 27, 2020 @ 5:57 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced its intent to issue an “advance notice of proposed rulemaking” (ANPR) this year on consumer-authorized access to financial records. The rulemaking will impact both traditional financial service firms as well as Fintechs and falls along the lines… Read More

July 27, 2020 @ 12:22 pm By JD Alois  |  

Seedrs has long been an innovator in the secondary market for crowdfunded securities. Today, the leading UK based crowdfunding platform is announcing variable pricing for its secondary market. Launched in 2017, Seedrs Secondary Market has continued to iterate and add new features and functionality. Of… Read More

July 27, 2020 @ 12:08 pm By JD Alois  |  

Alchemy is now offering a white-label, customizable line of credit platform available for Fintechs, banks, and other financial services firms. Alchemy explains that the line of credit product differs from the traditional installment loans in several ways. Most importantly, the open-ended nature of the product… Read More

July 27, 2020 @ 11:49 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has distributed a letter asking “authorized firms” to support the development of regulatory technology or Regtech. The HKMA says its ultimate objective is to inspire firms like banks to adopt Regtech to enhance the effectiveness of their risk management… Read More

July 27, 2020 @ 11:04 am By JD Alois  |  

The BCB Group, a digital asset firm, has launched BLINC – said to be one of the first real-time payments networks of its kind that allows free, real-time transactions across fiat and digital currencies. In January of 2020, BCB Group announced receipt of an Authorised… Read More

July 27, 2020 @ 10:14 am By JD Alois  |  

Kynikos Associates, founded by well-known investor Jim Chanos, bet on Wirecard (WDI:DE) – the once prominent German Fintech that is now in the midst of insolvency proceedings. Chanos did not buy shares in Wirecard, he sold them, and the short bet paid off apparently as… Read More

July 27, 2020 @ 9:48 am By JD Alois  |  

Blockgraph, a joint venture between Comcast, Charter Communications, and ViacomCBS, has selected Aleck Schleider as its first Chief Revenue Officer.  Blockgraph is a data and insights platform designed to help media companies and advertisers securely and transparently collaborate to apply data across TV and premium… Read More