May 21, 2020 @ 10:33 am By JD Alois  |  

The Alternative Financial Services Association of Latvia has published Latvia’s Crowdfunding Industry Guidelines. The association seeks to provide industry rules to foster a transparent and sustainable sector of finance. Twino, a well-established peer to peer investment platform, is the first crowdfunding operator to adhere to the… Read More

May 21, 2020 @ 9:16 am By JD Alois  |  

Société Générale, a top French bank, has completed the first central bank digital currency (CBDC) transaction. According to a statement by Societe Generale SFH, a subsidiary of Société Générale, the company has issued 40 million euros in covered bonds in the form of “security tokens”… Read More

May 21, 2020 @ 8:18 am By JD Alois  |  

Folk2Folk, a peer to peer lender that provides access to credit in local communities, says it paid out over £11.3 million in gross interest payments to investors during the financial year 2019. The company says 2019 was its biggest pay-out to date. The average fixed… Read More

May 20, 2020 @ 11:01 pm By JD Alois  |  

Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports. The current US CEO TS Anil is said to become the new “UK Bank CEO” according to Techcrunch. Anil is… Read More

May 20, 2020 @ 6:09 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, has eliminated 112 positions following “performance reviews.” The news comes following reports that SoFi was experiencing a COVID-19 driven boom for their trading and investment feature.  According to a report by BI, SoFi cut 7%… Read More

May 20, 2020 @ 4:17 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that its annual Government-Business Forum on Small Business Capital Formation will be virtual this year. During SEC Chairman Jay Clayton’s tenure, the Forum has moved outside the beltway. Before Clayton, the Forum was held at SEC HQ… Read More

May 20, 2020 @ 11:55 am By JD Alois  |  

Long-anticipated, the Future Fund opens for applications today. The Future Fund will remain open until September and is delivered in partnership with the British Business Bank. The Future Fund was revealed in April by Chancellor of the Exchequer Rishi Sunak as part of a package… Read More

May 20, 2020 @ 11:09 am By JD Alois  |  

iwoca, a European alternative lender for small businesses, has been accreditated by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS). iwoca says that existing customers impacted by COVID-19 will be able to apply this week, followed gradually by new customers. The… Read More

May 20, 2020 @ 10:31 am By JD Alois  |  

EstateGuru, a European lending marketplace, has topped €630,377 in a securities offering on Seedrs. Launched at the beginning of this month, EstateGuru set a minimum hurdle of €350,000 but quickly surpassed that goal. EstateGuru is seeking a maximum of €2 million on Seedrs as part… Read More

May 20, 2020 @ 9:10 am By JD Alois  |  

Digital Bank Revolut has integrated with Clear Books the cloud-based accounting system. The feature will enable Revolut’s more than 400,000 business accounts to seamlessly view and manage reports and track expenses and bills. Clear Books will now sit alongside Xero, Slack, FreeAgent, Zapier and other… Read More

May 20, 2020 @ 8:42 am By JD Alois  |  

OurCrowd, the world’s largest investment crowdfunding platform, is reporting that the number of job openings at its portfolio companies has risen to 354, with 90 new job vacancies added since the start of April. OurCrowd is based in Israel and 41 of the jobs are… Read More

May 19, 2020 @ 2:58 pm By JD Alois  |  

EquityZen is broadening pre-IPO access to RIAs and Family Offices through a new partnership with Addepar, according to a note from the company. Addepar is a Wealthtech management platform that specializes in data aggregation, analytics, and performance reporting. Currently, $1.7 trillion in assets are tracked… Read More

May 19, 2020 @ 12:00 pm By JD Alois  |  

Last summer, Binance, the largest digital asset exchange in the world, announced a partnership with “BAM Trading Services” to launch crypto trading services for users in the United States. That same week, Binance updated its terms of service to exclude “any U.S. person.” Binance explained:… Read More

May 19, 2020 @ 9:59 am By JD Alois  |  

HM Treasury has provided an update on the progress of the various COVID-19 support programs that have been put in place in the last two months. According to the UK government:   8 million jobs have now been furloughed with £11.1 billion claimed so far… Read More

May 19, 2020 @ 9:27 am By JD Alois  |  

The Libra Association, based in Switzerland, continues to build out its executive bench. Today, Libra has announced the selection of Robert Werner as its General Counsel. Created by Facebook (NASDAQ:FB), Libra is envisioned as a digital currency operated on a distributed ledger platform. According to… Read More

May 19, 2020 @ 8:01 am By JD Alois  |  

Fintech Plaid has announced the launch of “Plaid Exchange,” an open banking platform for financial institutions. The company states that the API solution for all financial institutions will help propel the industry closer to a fully digital future. Plaid says the launch comes at a… Read More

May 19, 2020 @ 7:40 am By JD Alois  |  

Geidea, a Saudi based payments company, has launched BETA testing for its new range of SME products. Geidea currently claims 70% market share in Saudi Arabia and is the top service provider to banks in the country, according to the company. In February, Geidea became… Read More

May 19, 2020 @ 7:30 am By JD Alois  |  

UK based Curve, a banking platform that consolidates multiple cards into a single card and app, has announced that its premium Curve Metal card and affiliated benefits are now available to its customers in the European Economic Area (EEA). Curve customers in the EEA can… Read More

May 18, 2020 @ 6:11 pm By JD Alois  |  

Travel Fintech Fly Now Pay Later has raised £35 million in both debt and equity capital in s Series funding round, according to the company. As leisure and travel companies struggle during the Coronavirus crisis it appears that investors have pushed that concern aside betting… Read More

May 18, 2020 @ 4:23 pm By JD Alois  |  

SME lender B-North has enlisted Regtech platform TruNarrative to provide onboarding and compliance technology, according to a company release. Reportedly, the move comes ahead of authorization by the FCA and PRA. Ahead of authorization from the FCA and PRA, B-North is set to procure TruNarrative’s… Read More