June 16, 2020 @ 3:36 pm By JD Alois  |  

EquityZen, a secondary marketplace for private securities, has received a nice recognition from the World Economic Forum (WEF), according to a note from the firm. The WEF has selected EquityZen as a company in the list of the 100 of the most promising Technology Pioneers… Read More

June 16, 2020 @ 1:50 pm By JD Alois  |  

Earlier this month, Crowdfund Insider reported on Varo Money closing on a huge $241 million Series D funding round. Varo Money is a top US-based digital-only bank seeking to challenge entrenched traditional banks while battling other Fintechs. In the realm of Fintech, digital banking is… Read More

June 16, 2020 @ 11:40 am By JD Alois  |  

Planet42, a company based in Estonia but operating in Africa, has reported raising $2.4 million in a seed round led by Change Ventures with support from private investors including Martin Villig (Bolt), Ragnar Sass (Pipedrive), Marko Virkebau (MeetFrank), Kristjan Vilosius (Katana MRP), and others. Planet42… Read More

June 16, 2020 @ 11:21 am By JD Alois  |  

A new report claims that established banks Swedbank and SEB enabled “suspected fraud networks” to operate in the Baltics and mentions bankrupt peer to peer lending platform Envestio by name. Envestio, and similar platform Kuetzal, recently filed for bankruptcy in Estonia. Earlier this year, both… Read More

June 16, 2020 @ 10:20 am By JD Alois  |  

Illimity, the first digital bank in Italy, is now offering a “illimity Hubs,” described as an innovative collaboration model in line with open banking and an open platform approach. lllimity is a banking start-up specializing in loans to SMEs. Illimity provides a digital direct banking… Read More

June 16, 2020 @ 8:58 am By JD Alois  |  

Global money transfer service Azimo will offer a fee-free transfer to all customers on June 16, the UN’s International Day of Family Remittances. The move is following the call by the United Nations for a zero fee remittances day. The goal is to raise awareness… Read More

June 15, 2020 @ 4:17 pm By JD Alois  |  

Republic, a leading investment crowdfunding platform, is expanding its investment offerings with the acquisition of Compound. While starting as an early stage offering platform, Republic is now providing property investment options with Republic Real Estate. Announced today, Republic has issued the following statement: “We’re excited… Read More

June 15, 2020 @ 3:42 pm By JD Alois  |  

2020 Inclusive Fintech 50 is now accepting applications for Fintechs driving innovation and providing financial services for the underbanked or non-banked population. In its second year of operation, IF50 seeks to identify a cohort of 50 high-potential, early-stage, and innovative fintech startups driving financial inclusion and… Read More

June 15, 2020 @ 3:27 pm By JD Alois  |  

NowRX is raising growth capital on SeedInvest and it is nearing its $20 million crowdfunding goal, according to the offering page. NowRX is an on-demand pharmacy, a new entrant in the gig-economy that is perfectly positioned for the new COVID-19 reality. NowRX seeks to disrupt… Read More

June 15, 2020 @ 12:55 pm By JD Alois  |  

It appears that StartEngine, a leading securities crowdfunding platform in the US, is asking platform investors to comment on the Securities and Exchange Commission’s Proposed Rule: Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets. The SEC has noted that… Read More

June 15, 2020 @ 12:06 pm By JD Alois  |  

Facebook’s WhatsApp messaging platform is now facilitating payments in Brazil, according to a post by Facebook founder Mark Zuckerberg. WhatsApp was acquired by Facebook (NASDAQ:FB) in 2014 for approximately $19.3 billion. WhatsApp is the world’s most popular messaging application with over 2 billion users worldwide…. Read More

June 15, 2020 @ 8:59 am By JD Alois  |  

EstateGuru, a peer to peer lending platform that offers secured loans to SMEs, has appointed Gabriella Kindert to its Supervisory Board as an independent member. The move is described as being in line with the Fintech’s expansion strategy as the company strives to become the… Read More

June 15, 2020 @ 8:06 am By JD Alois  |  

Challenger bank Allica Bank has announced the appointment of Richard Cameron as Head of Asset Finance. Allica Bank seeks to support SMEs. Starting with commercial mortgages, the company’s goal is to provide a full suite of banking services for the underserved SME community. Allica received… Read More

June 15, 2020 @ 8:00 am By JD Alois  |  

Joint study to provide timely data and actionable insights on how the pandemic has affected the Fintech industry globally The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic… Read More

June 15, 2020 @ 7:18 am By JD Alois  |  

UK based digital bank Starling Bank has added three new integrations to its Marketplace: Slack, the workplace messaging platform, Bionic, the energy switching service, and Equipsme, a health insurance provider, according to a company release. Starling Bank has taken the approach of providing many forward-thinking… Read More

June 14, 2020 @ 9:33 pm By JD Alois  |  

One of the first moves the Acting Comptroller of the Currency Brian P. Brooks took upon assuming the leadership role at the Office of the Comptroller of the Currency was to further clarify his agency’s view on the Madden v. Midland case. The legal dust-up… Read More

June 13, 2020 @ 7:05 pm By JD Alois  |  

  dv01 has recently published another report tracking the impact of COVID-19 on the online lending marketplace. dv01 is a top data aggregator tracking the online lending industry. dv01 connects directly with the largest online lenders in the consumer world to, normalizing loan data, providing… Read More

June 12, 2020 @ 11:26 am By JD Alois  |  

Honeycomb Credit, a bank replacement platform that issues securities under Reg CF, says that many people do not associate Cleveland with healthy food but the loan platform currently lists five Northern Ohio businesses raising capital online. The five following Cleveland businesses are each seeking investment… Read More

June 12, 2020 @ 9:04 am By JD Alois  |  

“Smart cash platform” Flagstone has distributed a note stating it is “business as usual” in offering new accounts for cash savings with higher interest rates. Flagstone is promoting its service while another digital savings provider, Marcus UK, has announced that it has pushed pause on… Read More

June 12, 2020 @ 1:14 am By JD Alois  |  

OurCrowd, a global leader in online capital formation for early-stage ventures, has scheduled the OurCrowd Pandemic Innovation Conference on June 22nd. The virtual event will cover the latest tech solutions pertaining to the Coronavirus including vaccinations, treatments, prevention, and more. The virtual event will also… Read More