March 3, 2020 @ 7:27 am By JD Alois  |  

Several weeks back at the annual Paris Fintech Forum, Crowdfund Insider had the chance to sit down with a representative from Birmingham in the United Kingdom. While London is well-known for being a global financial centre and leading Fintech hub, Birmingham is emerging as an… Read More

March 2, 2020 @ 11:56 pm By JD Alois  |  

The US Department of Justice (DOJ) has charged two Chinese nationals with laundering more than $100 million in cryptocurrency as part of an exchange hack orchestrated by North Korean perpetrators, according to a release. The laundering allegedly took place between December 2017 and April 2019…. Read More

March 2, 2020 @ 6:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting for March 4, 2020, to address access to capital in private markets. The meeting appears to infer a pending rule change that may impact online capital formation. According to the note posted on the… Read More

March 2, 2020 @ 3:40 pm By JD Alois  |  

SFB Technologies, in partnership with Algorand, has launched the first “national digital currency” in the Marshall Islands labeled the Marshallese sovereign or SOV. The Marshall Islands has longed messaged its intent to pursue a digital currency. The SOV is said to circulate alongside the US… Read More

March 2, 2020 @ 3:26 pm By JD Alois  |  

We have already seen multiple Fintech funding reports for 2019. Today, S&P Global Market Intelligence is distributing their spin on the numbers targeting the US only. According to this report, Fintech companies in the US raised $14.8 billion in 2019. Of the six Fintech segments… Read More

March 2, 2020 @ 1:40 pm By JD Alois  |  

Technology is great when it works. When it goes down, well things can suck. Especially in the brokerage business. Popular Fintech Robinhood is having a very bad day as it falls into the latter category with a systemwide failure. A trip to the Robinhood website… Read More

March 2, 2020 @ 12:23 pm By JD Alois  |  

This week the Paris Blockchain Week Summit was rescheduled due to the Coronavirus pandemic. Like many other event organizers, it is simply better to move dates than to hope for the best as the number of global cases grows. Originally, Paris Blockchain Week was scheduled… Read More

March 2, 2020 @ 10:59 am By JD Alois  |  

Groundfloor, a real estate crowdfunding platform that leverages the Reg A+ exemption, has reported that during 2019 the investment platform topped $100 million in annual investment volume, as originations doubled, while registered users rose to over 75,000. Without providing exact numbers, Groundfloor said that GAAP… Read More

March 2, 2020 @ 8:28 am By JD Alois  |  

Thought Machine has raised $83 million in a Series B funding round, according to the company. Thought Machine is a “cloud native core banking tech firm.” The additional capital will help fuel the company’s mission to “transform banking” as it continues to build out its… Read More

March 2, 2020 @ 8:07 am By JD Alois  |  

Wombat, a Fintech that offers an app to make investing simple including fractional shares, has apparently gained the backing of a well-known investor Chris Adelsbach. According to a release, Adelsbach is said to be supporting a crowdfunding round currently active on Seedrs. Details on how… Read More

March 1, 2020 @ 1:02 pm By JD Alois  |  

Next week on March 4th, the Subcommittee on National Security, International Development, and Monetary Policy, part of the House Financial Services Committee, will hold a hearing entitled “The Trafficker’s Roadmap: How Bad Actors Exploit Financial Systems to Facilitate the Illicit Trade in People, Animals, Drugs,… Read More

February 29, 2020 @ 6:00 pm By JD Alois  |  

Towards the end of 2019, SyndicateRoom was working to revamp their entire investment crowdfunding process – a huge transition. In the past, SyndicateRoom has consistently been recognized for its high-quality individual securities offerings. Every investment listed on the platform was led by a professional investor… Read More

February 29, 2020 @ 3:35 pm By JD Alois  |  

Should we have seen this one coming?  A new cryptocurrency project claims to track the progress of the Coronavirus. A somewhat brief “whitepaper” explains: “Coronacoin is a cryptocurrency that documents coronavirus infections and deaths on the blockchain with a token burn. A portion of the… Read More

February 29, 2020 @ 11:51 am By JD Alois  |  

In a post on LinkedIn, Invesdor founder Lasse Mäkelä has announced the platform he launched has identified a new CEO. Mäkelä did not identify the name of the new executive. He stated: “As many of you also know, Invesdor has been in search of a… Read More

February 29, 2020 @ 10:49 am By JD Alois  |  

Harmoney a leading online lender operating in New Zealand is winding down its peer to peer lending business. This means retail investors will no longer be able to invest in loans originated on the platform. The news was revealed earlier this month in a blog… Read More

February 28, 2020 @ 8:06 pm By JD Alois  |  

Santander has shuffled the deck a bit when it comes to a Fintech acquired back in 2016. According to a public document Banco Santandar Brasil has sold Superdigital (formerly ContaSuper) to Banco Santander Spain. The Fintech was sold for R $ 270 million or about… Read More

February 28, 2020 @ 7:00 pm By JD Alois  |  

Recently the Office of the Comptroller of the Currency (OCC), issued what is believed to be the first enforcement action against a bank dealing in digital assets. The target of the consent order was M.Y. Safra Bank. According to the Order, the bank was a… Read More

February 28, 2020 @ 4:56 pm By JD Alois  |  

The US Internal Revenue Service (IRS), the agency that handles taxation for the population, has scheduled a “summit” with cryptocurrency companies taking place next week on Tuesday, March 3rd. This is according to a report in Bloomberg Tax. The agency plans to engage and discuss… Read More

February 28, 2020 @ 2:40 pm By JD Alois  |  

QED Investors, an active venture capital firm that has backed many Fintechs, booked a big win this week it seems. Ten years ago, QED was the Series A lead investor in Credit Karma. Following the news this week that Intuit has purchased Credit Karma for… Read More

February 28, 2020 @ 12:17 pm By JD Alois  |  

Sir Jon Cunliffe, Deputy Governor Financial Stability of the Bank of England, delivered an interesting speech this week at the London School of Economics. In a presentation entitled, “It’s Time to Talk About Money” Cunliffe tackled the hot topics of “crypto assets,” stablecoins, and central… Read More