May 29, 2020 @ 12:45 am By JD Alois  |  

At the end of March, SoFi CEO Anthony Noto visited with CNBC’s Jim Cramer to chat about his Fintech. At that time, Noto said the company had experienced a record number of new accounts as the Coronavirus lockdown has boosted growth at his firm. Several… Read More

May 29, 2020 @ 12:14 am By JD Alois  |  

Stackin’ has raised a $12.6 million Series B funding round led by Octopus Ventures, according to a company release. Other investors in the funding round include new and existing investors including Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and… Read More

May 28, 2020 @ 3:32 pm By JD Alois  |  

BitClave, a blockchain-based firm that completed an initial coin offering (ICO) for “Consumer Activity Tokens” (CAT) in 2017, has agreed to return investor money, according to the Securities and Exchange Commission (SEC). This is just the latest ICO that has had to backtrack on a… Read More

May 28, 2020 @ 12:27 pm By JD Alois  |  

VC Draper Goren Holm has invested in open-source blockchain firm CasperLabs. According to the company, CasperLabs is building a platform that is powered by “Correct-by-Construction (CBC) Casper Proof-of-Stake consensus protocol.” CasperLabs is said to be designed for real-world applications with better usability, scalability and security…. Read More

May 28, 2020 @ 12:13 pm By JD Alois  |  

Skymind Global Ventures (SGV), the venture arm of Skymind, has announced its first spin-off – Konduit.  According to the company, Konduit offers a portfolio of open source tools that support machine learning practitioners. The company’s goal is to bridge the gap between research and enterprise… Read More

May 28, 2020 @ 11:09 am By JD Alois  |  

Advised by Fintech investment bank FT Partners, Marqeta has raised $150 million at a valuation of $4.3 billion vaulting the company higher in the ranks of both global and US Fintech unicorns. The investment was led by one of the world’s largest asset managers coming… Read More

May 28, 2020 @ 9:35 am By JD Alois  |  

Open banking service provider Salt Edge is helping HyperJar, a UK Fintech, adhere to PSD2 compliance needs. HyperJar provides a budgeting app and “eWallet” to help people manage their money more effectively. By partnering with Salt Edge, HyperJar is expected to be fully compliant in… Read More

May 28, 2020 @ 9:18 am By JD Alois  |  

  LendingClub (NYSE:LC), an online lending marketplace and emerging digital bank, has announced the launch of the “Member Center,” a centralized location for users to find assistance and support to better manage their financial lives during the COVID-19 crisis. Early one, when the Coronavirus first… Read More

May 28, 2020 @ 8:19 am By JD Alois  |  

Capdesk – Seedrs Partnership Creates First Private Secondary Market for Shareholders and Employees in Europe Seedrs, a top UK based investment crowdfunding platform, is unique in the fact it has created a viable secondary marketplace for private securities issued via the platform. By enabling investors… Read More

May 27, 2020 @ 11:50 am By JD Alois  |  

N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US and European markets. Not too long ago, N26 made the decision to exit the highly competitive UK digital banking… Read More

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

The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The new lenders include; The FSE Group, FW Capital, Mercia Asset Management and Whiterock Finance. The Bank said these lenders will be able… Read More

May 27, 2020 @ 10:58 am By JD Alois  |  

Both FCA regulated, Koine and GC Exchange Limited (GCEX) partner to provide global client-base with segregated custody and settlement on digital assets and fiat. According to a release, GCEX will use Koine’s custody and settlement services, allowing GCEX’s clients to benefit from Koine’s platform for… Read More

May 27, 2020 @ 10:15 am By JD Alois  |  

norisbank, part of Deutsche Bank Group, has launched a deposit marketplace offering “selected third-party banks” savings options via Deposit Solutions. The Fintech states that after a successful launch of “norisbank ZinsMarkt,” the new service will be expanded into an online marketplace with fixed-term deposit products… Read More

May 27, 2020 @ 9:54 am By JD Alois  |  

The GSX Group recently announced the launch of “GRID” –  platform to create and launch digital securities. GSX is the company that operates the Gibraltar Stock Exchange, among other entities. Today, tribeOS is claiming to be the first company to utilize the platform. tribeOS is… Read More

May 27, 2020 @ 9:35 am By JD Alois  |  

ZUBR, a digital asset platform to arbitrage using derivatives, has received “in-principle” approval from the Gibraltar Financial Services Commission (GFSC) to be authorized as a Distributed Ledger Technology (DLT) provider. ZUBR targets a more sophisticated user that may use algorithmic trading. ZUBR’s client-base is said to… Read More

May 27, 2020 @ 8:46 am By JD Alois  |  

D-ID, an Israeli tech startup, has raised over $13.5 million in a Series A funding round that reportedly closed last month. The funding was led by AXA Venture Partners with the participation of Y-Combinator, AI Alliance, Hyundai Motor Company, Pitango Venture Capital, OMRON Ventures, Maverick… Read More

May 27, 2020 @ 8:03 am By JD Alois  |  

Each week, HM Treasury publishes updates on approved lending under three COVID-19 related support schemes. This week HM Treasury said £12.47 billion has been approved in the ongoing programs. The breakdown of the funding is as follows: Coronavirus Business Interruption Loan Scheme (CBILS) Data up… Read More

May 26, 2020 @ 11:44 pm By JD Alois  |  

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into “new infrastructure” including areas like artificial intelligence (AI), blockchain, cybersecurity, big-data and more. This is according to a report in… Read More

May 26, 2020 @ 7:01 pm By JD Alois  |  

Global consulting group Kearney has distributed a report predicting that 1 in 4 European bank branches will close in the next three yeas as the shift away from brick and mortar bank branches ups the pace. Kearney states the obvious that new customer habits, boosted… Read More

May 26, 2020 @ 3:15 pm By JD Alois  |  

Rangewell, a business finance firm that assists SMEs in accessing capital, has launched a dashboards tracking the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loans – two UK government programs providing support to smaller firms that have struggled in the wake of… Read More