July 27, 2020 @ 9:05 am By JD Alois  |  

Landbay. a digital buy-to-let finance platform, has announced a partnership with an unnamed UK bank. According to a note from Landbay, the deposit-taking bank will fund mortgages originated by Landbay and then hold them on their balance sheet. Landbay states that this arrangement complements its… Read More

July 27, 2020 @ 8:34 am By JD Alois  |  

Tokeny Solutions, a digital asset platform facilitating primary issuance and management of security tokens, has partnered with Invenium Capital Partners to provide private security data. Invenium is described as a “Fintech SaaS” company with offices in New York City and Northville, Michigan. Founded in 2017,… Read More

July 24, 2020 @ 6:18 pm By JD Alois  |  

Avanti, Wyoming’s first bank focusing on digital assets is scheduled to open this coming October. According to Avanti Financial Group, Inc. the aspiring bank received formal notice from the Wyoming Division of Banking that Avanti’s application for a bank charter was accepted as complete on… Read More

July 24, 2020 @ 6:01 pm By JD Alois  |  

Digital bank Revolut has raised $80 million in additional capital. The new funding is said to be an extension of a $500 million round, at a $5.5 billion valuation, revealed last February – just in the nick of time as COVID set in causing many… Read More

July 24, 2020 @ 4:39 pm By JD Alois  |  

Months ago, the Securities and Exchange Commission (SEC) kicked off a review of the exempt offering ecosystem in an attempt to improve access to capital for younger firms while continuing to ensure sufficient investor protection. Over the years, access to capital via the public markets… Read More

July 24, 2020 @ 3:11 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Trustify Inc., along with founder and CEO Daniel Boice, with fraudulently offering and selling over $18.5 million of securities to more than 90 corporate and individual investors. The allegations were made in relation to an offering and… Read More

July 24, 2020 @ 10:19 am By JD Alois  |  

BPC, a UK based payments provider, has partnered with Brazilian Desk, to offer Brazilian micro and small businesses digital financial services. BPC is a decades old firm providing digital solutions around the world. According to its website, BPC processed about USD $1 trillion during 2019…. Read More

July 24, 2020 @ 9:47 am By JD Alois  |  

Carlos Ghosn, once the Chairman of Nissan and now a bit of a fugitive, fled Japan in 2019 after being charged by authorities for allegations of misappropriated funds pertaining to the automotive firm. In December of 2019, Ghosn evaded the watchful eyes of Japenese authorities… Read More

July 24, 2020 @ 8:53 am By JD Alois  |  

Netcapital, a FINRA regulated funding portal offering securities under Reg CF, now accepts investments via an individual’s credit or debit card thus making it easier to participate in investment offerings on the platform. Previously, Netcapital accepted wires, ACH, and Netcapital wallet transfers but for any… Read More

July 23, 2020 @ 10:36 pm By JD Alois  |  

Australian Digital bank 86 400 has signed a strategic partnership with Australian Finance Group Ltd  (AFG), to expand its home loan broker distribution network, according to a company release. 86 400 states that with AFG on board, one in three mortgage brokers in Australia now… Read More

July 23, 2020 @ 10:08 pm By JD Alois  |  

This week Transferwise, a Fintech and stealth bank, added automatic payments via direct debits for US account holders. Users may now connect a US Bank, brokerage account, credit card, PayPal etc. and automate payments. Transferwise claims these transfers are “absolutely, 100%, Totes McGotes free.” The… Read More

July 23, 2020 @ 9:21 pm By JD Alois  |  

Birchal, the top investment crowdfunding platform in Australia, has published a report updating on progress being made in Australia regarding “crowd sourced funding” (CSF) as it is called in Australia. According to Birchal, since the commencement of Australia’s CSF industry in 2018, over 80 Australian… Read More

July 23, 2020 @ 5:46 pm By JD Alois  |  

Wirecard (WDI:DE), once a Fintech darling that fell through the regulatory cracks and now is one of the biggest financial debacles ever in Germany, is compelling public officials to revamp their approach to compliance and oversight. According to a report in Suddeutsche Zeitung, German Finance… Read More

July 23, 2020 @ 5:05 pm By JD Alois  |  

NowRX, a great business for the current COVID-19 infused world, raised $20 Million in Series B funding via securities listed on SeedInvest. The $20 million securities offering is the largest raise ever for SeedInvest, according to a note from NowRX. The securities are being issued… Read More

July 23, 2020 @ 10:46 am By JD Alois  |  

NextSeed is a securities crowdfunding platform that launched as a bank replacement – SME lending service operating under Reg CF. Over time, NextSeed has evolved offering additional services as well as facilitating capital under all three crowdfunding exemptions – Reg D 506c, Reg A+ as… Read More

July 23, 2020 @ 9:36 am By JD Alois  |  

Flowe has announced the selection of SIA to provide digital banking services including e-money, payments, current accounts, loans and savings management. Flowe is part of the Mediolanum Group, an Italian e-money institution. SIA is a European hi-tech company in the payment services and infrastructures sector… Read More

July 23, 2020 @ 8:33 am By JD Alois  |  

Real estate investment marketplace zinsbaustein.de has listed the largest ever project on the platform. The offering is for the Cube River 342 in Düsseldorf, Germany that is seeking €4.3 million. This is the fourth offering from the developer Cube Real Estate GmbH. Investors may invest… Read More

July 23, 2020 @ 8:17 am By JD Alois  |  

  Payment Fintech Lemonway has been enlisted by EstateGuru to facilitate its expansion across Europe. EstateGuru is a marketplace matching property-backed loans with individual investors. EstateGuru is working on “developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond.”… Read More

July 22, 2020 @ 4:04 pm By JD Alois  |  

The Ontario Securities Commission (OSC) has approved a settlement agreement with Coinsquare Ltd., a top crypto exchange based in Canada. According to the OSC, Coinsquare executives  Cole Diamond, Virgile Rostand and Felix Mazer have settled allegations of market manipulation on the Coinsquare platform that mislead… Read More

July 22, 2020 @ 3:47 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers. The OCC is the lead bank regulator in the US. Recently, the OCC has issued several forwarding… Read More