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

AvidXchange has closed on an additional $128 million in equity capital according to a company release. The money is an extension of a funding round from earlier this year that reported a $260 million investment thus bringing the total to $388 million. Investors included; Lone… Read More

April 23, 2020 @ 4:29 pm By JD Alois  |  

Earlier this week, Crowdfund Insider wrote about the challenges some Fintech lenders are encountering due to the ongoing COVID-19 pandemic. Online lenders in the SME, consumer, and real estate sector are seeing a shift in business as borrowers and investors back away in a market… Read More

April 23, 2020 @ 1:22 pm By JD Alois  |  

Securitize, a digital asset primary issuance platform, is now facilitating instant trading of digital securities. According to a release, Securitize can now enable peer to peer trading of digital securities with zero counterparty risk that is fully compliant. “Instant Access” uses Securitizes “DS Protocol” to… Read More

April 23, 2020 @ 10:49 am By JD Alois  |  

The Blockchain-based Service Network (BSN) in China aims to change the existing problem of the high cost of developing and deploying blockchain applications by providing public blockchain resource environments to developers. According to BSN, just like the internet, the ubiquity of access can greatly reduce… Read More

April 23, 2020 @ 9:00 am By JD Alois  |  

Fintech Lendio has formed a partnership with Jack Henry & Associates (NASDAQ: JKHY) to speed up the Paycheck Protection Program (PPP) process to get money to impacted SMEs faster. Lendio has already processed over 70,000 PPP loan applications for around $5.8 billion in total funding…. Read More

April 22, 2020 @ 5:47 pm By JD Alois  |  

NowRx, a Medtech firm for the times, has now topped $8 million on SeedInvest as almost 4000 investors have backed the Reg A+ crowdfunding round. As has been previously reported, NowRx is an on-demand pharmacy providing free delivery. Kind of like the Uber Eats of… Read More

April 22, 2020 @ 5:18 pm By JD Alois  |  

  StreetShares, a Fintech lender, will be providing the technology to provide the next round of Paycheck Protection Program loans issued by community banks and credit unions, according to a company release. The PPP is part of the COVID-19 economic support legislation known as the… Read More

April 22, 2020 @ 3:57 pm By JD Alois  |  

Yesterday, Crowdfund Insider covered the news that LendingClub (NYSE:LC), the largest Fintech consumer lender in the US, was furloughing and eliminating jobs due to the COVID-19 pandemic. The crisis has apparently driven the elimination of 471 individual jobs. Shockingly, LendingClub’s President saw his position eliminated…. Read More

April 22, 2020 @ 3:03 pm By JD Alois  |  

A “first-ever” crypto-exchange plugin for WordPress has been announced by the VC firm of Draper Goren Holm. The plugin is being pitched as the quickest way to launch your very own cryptocurrency exchange without a squadron of engineers to do the work (and maintain a… Read More

April 22, 2020 @ 2:24 pm By JD Alois  |  

EstateGuru is a peer to peer lender based in Estonia that has grown to over 46,000 investors from 106 countries originating more than €200 million in loans to date. The debt-based crowdfunding platform is now preparing to raise capital via Seedrs – and the offering… Read More

April 22, 2020 @ 11:20 am By JD Alois  |  

Even Financial, a Fintech that helps to match loans to borrowers, has acquired LeapLife – an Insurtech platform – in a move to add more services. Terms of the deal were not disclosed. According to a company release, the addition of LeapLife allows Even to… Read More

April 22, 2020 @ 10:01 am By JD Alois  |  

Rangewell, a firm that works with UK SMEs and their advisors to help them find, compare, and apply for business finance, has published another 0pen letter directed to Chancellor of the Exchequer Rushi Sunik. Late last month, Rangewell published a different open letter addressing the… Read More

April 22, 2020 @ 9:00 am By JD Alois  |  

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

April 22, 2020 @ 8:49 am By JD Alois  |  

UK based Fintech Curve has updated a feature known as “Go-Back-In-Time.” The feature enables users to move charges from one card to another within a two-week window. Today, Curve is announcing the ability to switch payments made up to 3 months ago. Curve says this… Read More

April 22, 2020 @ 1:00 am By JD Alois  |  

OurCrowd, the world’s largest crowdfunding venture investment platform, has announced it would lead a $12 million funding round in MigVax Corporation – a startup that is developing a COVID-19 vaccine. MigVax is affiliated with the Migal Galilee Research Institute, is pioneering the effort to develop… Read More

April 21, 2020 @ 10:04 pm By JD Alois  |  

Ripple has been pushed to the edge, according to a blog post today. The crypto-firm is suing YouTube – part of Google. In a document filed in the US District Court, Northern District of California, Ripple Labs, and Bradley Garlinghouse, slammed YouTube for: “irreparable harm… Read More

April 21, 2020 @ 6:49 pm By JD Alois  |  

In August of 2019, INX Limited filed a registration statement (Form F-1) for an initial public offering (IPO) offering 130,000,000 INX Tokens, and ERC20 compliant digital security.  In the preliminary prospectus, each INX Token is said to entitle its holder to an annual pro-rata distribution… Read More

April 21, 2020 @ 5:26 pm By JD Alois  |  

The US Senate has unanimously approved more funding for the Paycheck Protection Program (PPP) created under the original CARES Act that was tapped dry several days ago. The approval by the Senate now queues up a vote in the US House of Representatives later this… Read More

April 21, 2020 @ 4:48 pm By JD Alois  |  

In a somewhat shocking but not unexpected move, LendingClub (NYSE:LC) has announced a round of layoffs and furloughs today as the COVID-19 pandemic has hit the Fintech hard. In brief, loan originations for the mainly consumer lender, have tanked requiring the Fintech to reposition itself… Read More

April 21, 2020 @ 3:39 pm By JD Alois  |  

  The Securities and Exchange Commission (SEC) has filed fraud charges against Steven L. Brickner of South Florida. Brickner allegedly committed fraud in relation to $5.5 million raised to invest in Cannabis-related companies including one called “High Country” in Colorado. According to the SEC, Brickner… Read More