March 31, 2020 @ 9:01 am By JD Alois  |  

Crypto exchange Binance is acquiring CoinMarketCap for up to $400 million, according to a report by the Block. People familiar with the pending transaction said the deal was due to CoinMarketCap’s ability to drive traffic and thus potentially boost utilization of Binance. CoinMarketCap was founded… Read More

March 31, 2020 @ 9:00 am By JD Alois  |  

Digital asset marketplace Apifiny, a platform that seeks to enable institutional trading across multiple regulated exchanges, has announced that it will be launching GlobalX, an API platform. By using this new service, professional traders are said to be able to easily execute their strategies across… Read More

March 30, 2020 @ 10:32 pm By JD Alois  |  

Airstar Bank Limited, a licensed virtual bank in Hong Kong, has announced the launch of a pilot trial. The pilot is being conducted under the watchful eye of the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. Airstar is a joint venture between Xiaomi Corporation (1810.HK)… Read More

March 30, 2020 @ 6:25 pm By JD Alois  |  

The Securities and Exchange Commission has announced two meetings of Committees that provide recommendations to the Commission. The Small Business Capital Formation Advisory Committee on Small and Emerging Companies Meeting and the Investor Advisory Committee will both be holding meetings on Thursday, April 2, 2020…. Read More

March 30, 2020 @ 6:13 pm By JD Alois  |  

The COVID-19 lockdown and social distancing are forcing people to migrate to financial apps, according to a report by the deVere Group. In fact, the note from deVere claims that the use of financial Apps has jumped by a whopping 72% in a single week…. Read More

March 30, 2020 @ 5:48 pm By JD Alois  |  

LendingClub (NYSE:LC), the leading marketplace lender for consumers, is increasing interest rates for borrowers. The increase for new borrowers ranges from 2% to 4% depending on loan grade. The news was revealed in an 8-K filed with the Securities and Exchange Commission and posted on… Read More

March 30, 2020 @ 2:36 pm By JD Alois  |  

Seedrs founder and Chairman Jeff Lynn has distributed his thoughts on the ongoing impact of the COVID-19 pandemic and the UK government’s approach to aid the struggling economy – more specifically for early-stage firms. Lynn dices the issue up between the Good, the Bad and… Read More

March 30, 2020 @ 12:55 pm By JD Alois  |  

Kabbage, an online lender focusing on SMEs, is apparently temporarily laying off employees in light of the COVID-19 pandemic. Additionally, a support center in Bangalore is said to be shuttering and executives are taking pay cuts as the Fintech struggles to adapt in a landscape… Read More

March 30, 2020 @ 12:32 pm By JD Alois  |  

CipherTrace, a cryptocurrency research and tracking platform that provides services to both the public and private sector, has distributed a note that it is meeting with Japanese financial regulators to review the relatively new FATF travel rules and its impact on “virtual asset service providers… Read More

March 30, 2020 @ 11:46 am By JD Alois  |  

British activewear company 3Rd Rock has successfully topped its £300,000 funding target on Seedrs even with the COVID-19 induced hurdles. Of course, crowdfunding platforms are the perfect vehicle to raise growth capital as offerings are digital native and do not require in-person social interaction. As… Read More

March 30, 2020 @ 11:25 am By JD Alois  |  

The Australian Select Committee on Financial Technology and Regulatory Technology (ie Fintech and Regtech) has re-opened a consultation in light of the ongoing Coronavirus or COVID-19 pandemic. According to the Australian Parliament: “Since the committee finished its last round of public hearings in February, Australia’s… Read More

March 30, 2020 @ 9:26 am By JD Alois  |  

Global peer to peer lending platform Robo.cash has announced topping €150 million in loans funded. Robo.cash is a Croatia-based P2P platform with a buyback guarantee on certain investments operating within the European Union and Switzerland. The online lender is part of the holding company Robocash… Read More

March 29, 2020 @ 7:42 pm By JD Alois  |  

LendIt Fintech USA has rescheduled one of the most anticipated financial services industry events to September 30 – October 1, 2020. LendIt was originally scheduled for a Spring date in New York City. Due to the COVID-19 pandemic, LendIt recently announced the event had to… Read More

March 29, 2020 @ 3:57 pm By JD Alois  |  

Just about all financial services firms have rushed to move operations to as much as possible to remote operations. For many Fintechs, the migration was fairly simple as many had established tech and protocols in place to operate in a virtual environment. For more traditional… Read More

March 27, 2020 @ 6:37 pm By JD Alois  |  

Anthony Noto, CEO of SoFi, visited with Jim Cramer of CNBC’s Mad Money show this week and shared some insight into SoFi’s performance during the COVID-19 induced lockdown. Noto said that contrary to what many other businesses are experiencing, the Fintech has seen a record… Read More

March 27, 2020 @ 3:56 pm By JD Alois  |  

Rocket Dollar is nearing the end of a securities offering on Republic and with less than 2 days in the offering, the Fintech has topped $400,000 on the crowdfunding platform. Rocket Dollar is a Fintech that helps to match investors with alternative finance offerings. The… Read More

March 27, 2020 @ 3:44 pm By JD Alois  |  

LendInvest, an online property financing marketplace, has joined TMA. According to a note from TMA, the addition of LendInvest is the latest in a series of lenders the Club has partnered with, as it continues to develop its lending proposition for brokers with landlord clients. TMA… Read More

March 27, 2020 @ 3:27 pm By JD Alois  |  

Ammo² (or AmmoSquared) has closed on a crowdfunding round on Wefunder raising approximately $313,000 at a $4.49 pre-money valuation. Investors received preferred stock in the company. Started in 2015 by husband and wife team, Ammo² has generated over $1m in revenue to date through its… Read More

March 27, 2020 @ 3:05 pm By JD Alois  |  

Uncle Buck, a short term or payday lender, has gone into administration due to an action taken by the Financial Conduct Authority (FCA). The FCA posted a notice today that Uncle Buck was “failing to meet the adequate resources Threshold Condition.” The severity of the… Read More

March 27, 2020 @ 2:14 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) announced that it is providing temporary regulatory relief to market participants in response to the effects of COVID-19. The actions involve filings on the EDGAR system as well as certain company filing obligations under Regulation A (Reg A+)… Read More